- Home loans up to $200,000
- Low-interest starting from 4.08%
- Repayment up to 30 years
[Accessed May 26, 2023]
About Morgan Brooks
Morgan Brooks has posted its home loan offer online in a manner that is resonating with Australians. With interest rates right up front and a logical tab line, the site is polished and appealing.
Decidedly simplified, the site nonetheless encapsulates all any consumer will need to know before applying for a home loan online.
A family that houses families
Morgan Brooks is a family-owned business and a keen participant in the Mortgage Finance Association of Australia (MFAA).
Offering quality service since 1993
The organisation’s prime objective is to maintain ethical dealings within the mortgage industry. Having set up offices in Brisbane in 1993, the company presents as a modern, stylish home loan option. Its focus and ethos remain firmly rooted in giving Australians a good deal on a home.
Get in touch
With helpline details clearly displayed and a sleek click-through to the various possible homeowner categories, Morgan Brooks, a non-bank lender, offers prospective homeowners various options on a loan. Differentiating between home loans to occupy and investment purchases, theirs is a nuanced and detailed offering from which any consumer can pick and choose.
Morgan Brooks Services
Morgan Brooks offers consumers intending to live in the home they purchase a discount on a variable rate loan that runs for the life of the loan.
Currently there are no loan application fees. Interest rates and repayment terms will be determined in discussion, and a fixed interest rate is also available. Clients can also beef the home loan up with a construction loan to facilitate renovations & additions.
Boasting Australia’s lowest principal and variable interest rate, Morgan Brooks is currently pitching investor home loans at 3.96% against a comparative rate of 4.08%.
As with the occupied option, many benefits are bundled with a home loan of this nature. Withdrawals, online access, fixed-rate terms of 1,2,3,4 and 5 years and various options on repayments schedules, from weekly to monthly, are all in the mix.
Again as per the genuine homeowner’s options, an investor’s home loan facility can be split up to 4 times between variable rate and fixed. Perhaps even more pertinent for consumers who would wish to develop a little, sell and move on, a construction loan can also embellish the initial home loan.
Morgan Brooks – Home loan
- Loan Type Home loans
- Interest Rate from 4.08%
- Loan Amount up to $200,000
- Repayment 10 years to 30 years
Benefits of Morgan Brooks
- Choose between a range of finance options
- Interest rates are low
- Repayment terms up to 30 years
- Apply online and get pre-approved
Morgan Brooks has a flexible home loan offer, apply with them today
Perhaps a touch old school in their application process, clients click through to a PDF. This document will then need to be printed and filled in by hand and scanned and mailed back or submitted at the company’s premises.
The other option is to click “Apply online” by completing their online loan application to be taken to a brief personal information dialogue box which is then submitted, essentially a “leave a message” option.
While this route to the application for a mortgage no doubt appeals to some, Morgan Brooks must surely discourage others who favour a complete online form process in the digital age.
That said, the company is not lagging nor oblivious and it can be assumed that they maintain their application process for the purposes of targeting their ideal market.
Flexibility & straightforward approach
The reality of their flexibility and straightforward approach certainly puts them among the contenders for the port of call for Australians looking for a first or new home.
Credit solutions for investors
Investors too have found a home at the company and many who have financed through Morgan Brooks wouldn’t contemplate going elsewhere due largely to their great service, wholesale transparency and willingness to tweak repayment rates gladly.
Add to that the fact that there’s a decidedly personal touch in this still-blossoming company, and it’s easy to see why so many consumers pass through their doors each year.
How soon should you submit your supporting documents?
After they have reviewed your loan application, there might be certain additional documents that they may request. There is no need to worry about this bid as it is part of their processes. The client should submit the documents as soon as possible.
The longer you delay, the longer your credit request will take. They try to work as quickly as possible when it comes to their loans because they know that their clients normally want to get their feedback in a matter of days.
How can you ensure that your home loan application gets approved?
It is very difficult to ensure that your home loan application gets the green light as there are a number of factors that need to be taken into account.
If you are a customer that doesn’t have too many expenses or if you do, you also ensure that they are paid and up to date, you are already in the ranks of ensuring that your home loan application will get approved. The problem is when there isn’t any consistency in your payments.
Can I send up an appointment?
If you would like to meet one of our agents to discuss anything about your home loan, you can give us a call or drop an email and we will set up an appointment for you.
Morgan Brooks is a trusted & reliable provider of home loans
In our review, Morgan Brooks adheres to the compliance criteria in accordance with the National Consumer Protection Act, where the granting the loan will not cause financial distress to the consumer.
✅ Morgan Brooks is a registered credit provider in Australia: ACL 494233
Customer Reviews & Testimonials
Within a day, I was already informed about the status of my home loan. Good job Morgan Brooks.
— Alice Springs —
Morgan Brooks has such a fast and easy home loan application.
— Cairns —
I experienced such convenience while applying for my home loan at Morgan Brooks.
— Hobart —