Yellow Brick Road Home Loan Review

Yellow Brick Road Home Loan Review

Read Here for Yellow Brick Road Home Loan Review:

Owner-occupiers and investors can look to Yellow Brick Road for home loans that meet their requirements. If you are a first home buyer or are self-employed, there are home loan products that are specifically created for you.

Who is Yellow Brick Road?

Yellow Brick Road (YBR) is a non-bank lender and mortgage broker based in Sydney. They go the extra mile to help their customers, whether they are looking to refinance, buy their first home, invest in a property, or build a new property.

Types of Home Loans from Yellow Brick Road

  1. Yellow Brick Road Essential Options Prime 65

This is a principal and interest home loan that is suitable for owner-occupiers. It comes with a 100% full offset account and redraw facility.

Key features:

  • 100% offset account
  • Borrowing range: $250,000 to $750,000
  • Loan term: 10 to 30 years
  • Maximum loan to value ratio (LVR): 65%
  • No ongoing fees
  • Unlimited extra repayments
  • Redraw at no cost
  • Split account option
  1. Yellow Brick Road Essential Options Prime 80

This variable rate home loan allows owner-occupiers to borrow up 95% of the property value. It is portable or transferable with a transfer fee of $250.

Key features:

  • Repayment: Principal and interest
  • Loan term: 10 to 30 years
  • Loan amount: $150,000 to $1.5 million
  • Maximum LVR: 80%
  • Maximum LVR with mortgage insurance: 95%
  • Unlimited extra repayments
  • 100% mortgage offset account
  • Redraw at no cost
  • Split option up to 6 accounts
  1. Yellow Brick Road Agility Home Loan

This interest-only home loan is available for first home buyers. It has no ongoing fees and can accept parents as guarantors.

Key features:

  • 100% full offset account
  • Maximum LVR: 80%
  • Borrowing range: $50,000 to $2 million
  • Loan term: 15 to 30 years
  • Unlimited extra repayments
  • Redraw at no cost
  • No application fee
  • Split account option

Am I eligible to apply for a Yellow Brick Road home loan?

Most home loans have a general requirement when it comes to eligibility. Check with lenders if they have specific criteria that you need to meet.

  • You must be at least 18 years old when applying for a home loan.
  • You must be an Australian citizen or a resident of Australia.
  • Employment status. You must have a regular source of income.

What documents do I need to prepare before I apply?

Before applying for a home loan, make sure you have all the documents you will need to provide proof of identity and income, as well as evidence of your debts.

  • You will need to prepare documents that will establish your identity. This includes your birth certificate, driver’s licence or passport.
  • Proof of income. If you are employed, you will need to provide payslips as proof of your income. If you are self-employed and have no payslips, you will need to provide a recent business activity statement (BAS) or tax assessment.
  • Assets, debts and liabilities. You can use your bank and credit card statements to establish your savings and debts. Make sure you include statements from every debt, including existing mortgages and personal loans.
  • Details about the property. You will need to provide the address of the property you are buying and a contract of sale signed by you and the seller. The lender may also ask you to provide a certificate of currency, a document that shows you have an insurance policy covering the property.

Compare home loans with Makes Cents.

The secret to finding the best deals – whether home loans, life insurance or health insurance – is to compare every product and lender. Makes Cents makes this process easy, allowing you to compare more than 25 lenders at once. So, get the house of your dream with the best home loan deal. Start comparing today.

Our Yellow Brick Road Home Loan Review is just one of many. You can also read reviews on many more Home Loan Reviews at MakesCents. 



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