Yellow Brick Road offers a full suite of financial solutions, including competitive home loans.
Yellow Brick Road is an Australian wealth management company that offers a range of home loan products alongside other financial services and advice. The company is listed on the Australian Stock Exchange and is made up of a number of financial services and wealth management divisions led by the chairman Mark Bouris. YBR has a large network of branches and independent franchises, making them accessible to customers all over Australia.
Compare Yellow Brick Road home loans
While Yellow Brick Road offers their own range of home loan products, their expert brokers can help you compare and apply for home loans offered by a panel of other lenders. The broker receives a commission from the lender if you get a home loan through them, but it won't cost you extra.
Home loan products offered by YBR
-
Rate Smasher Home Loan
The Rate Smasher home is a no-frills mortgage with a competitive variable rate. The loan has no ongoing monthly or annual fees, and you can also make additional repayments. Redraw facilities are also available, and YBR also offers 24/7 online and phone access to your loan.
-
Empower Home Loan
The Empower Home Loan is designed for both homeowners and property investors. It offers flexibility and useful features without sacrificing a competitive rate. The loan has no ongoing monthly or annual fees and you can choose between a variable or fixed interest rate, or split the loan between both. You can also choose the combination of repayment types you’d like to make. You can make unlimited additional repayments on the variable rate portion and up to an additional 5% each year without penalty on the fixed rate portion. A redraw facility is also available.
-
Empower Package
The Empower Package offers a 100% offset account and the choice between a variable or fixed interest rate. You can also use this loan to build or renovate your home. Unlimited additional repayments are allowed on the variable rate component, up to an additional 5% each year without penalty on the fixed rate portion. A redraw facility is also available for the variable rate option.
-
Empower Line of Credit
This home loan is suitable for those who are looking to manage their home loan and investments, and provides access to the equity in your property. You can choose between a fixed or variable account, or a combination of both. You can have up to 10 separate loan accounts to help you choose any combination that suits your needs. With a global borrowing limit and interest capitalisation, you’re provided with flexibility when you really need it. Again, unlimited additional repayments are allowed on the variable rate component, up to an additional 5% each year without penalty on the fixed rate portion.
How does the YBR application process work?
-
Fill in the online application
Once you've searched through YBR's home loans and made your decision, click on 'Go to Site' and you'll be directed to the application page. You will need to fill in your personal details, as well as the purpose of your home loan.
-
Meet a Yellow Brick Road Wealth Manager
Your next step is to make an appointment to see your local Wealth Manager. You can arrange to see them in a branch or at your home, and here they will discuss your requirements, while taking further details so they can advance your application to the next stage.
-
Receive pre-approval
At this stage you may receive a pre-approval. This doesn't mean you officially have the funds, but it allows you to start looking for property knowing that you have pre-approval. Be mindful that you need unconditional approval before your home loan funds are guaranteed.
-
Start looking for a property you want to buy
The best way to look for property is to decide on a budget before you start looking and make sure you stick to it. Remember to have a building inspection carried out to identify any structural problems before you buy the property.
-
Let your Wealth Manager know
Contact your Yellow Brick Road Wealth Manager and let them know you have an interest in the property. At this point they will process the application and get you a formal offer of loan.
-
Settlement
Once you have a formal approval you can go ahead and start instructing a solicitor. After all the documents are signed, the loan is settled.
Calculate your repayments by filling in some of your details
Enter your loan amount, term, interest rate and other information to get a clearer estimate of your loan repayments.
I’ve a loan approved at the cwb, for $650000. as im looking for some property, I just read a article saying if u switch loans for .5% you could save $125. a month. Do I go with the bank I’ve always been with and they know me and happy to lend me money easy, or go with lower interest rate but they don’t know me. who can I go to to get me the best deal.
Hi Brenda,
Thanks for your question.
This decision is entirely up to you. If you feel as though your current bank is willing to give you the best deal (in comparison to the rest of the market) then you may want to stay with them. However, if another lender is willing to give you a better offer then you may want to consider switching.
Our refinancing home loans guide can help you calculate your savings versus the costs of refinancing to determine whether it will make financial sense for you to do so.
Cheers,
Shirley
Just interested if my income could service a loan. Also the amount I would be able to borrow.?
Hi Kerrie,
Thanks for your comment
Please use our borrowing power calculator to give you an indication.
Cheers,
Shirley