Mortgage Brokers Hobart | Fortify Loans

Loans Built for Tasmanian Families, Investors, and First Home Buyers

Whether you’re buying your first home, investing, or refinancing, our Hobart-based brokers will tailor the perfect loan solution for your unique needs.

Buying your first home in Tasmania

Stepping into home ownership is a milestone but it can also feel like unfamiliar territory at first. With so much to work through, it is easy to feel uncertain. That's exactly where Fortify Loans approaches home lending.

You could think of us as your mortgage ‘coach.’ As such, we help you sort through the lending options in front of you.

Wondering if now is the right time to buy your first home? See how much you could borrow below.

Your Tasmanian team of mortgage problem solvers

Fortify Loans was built around the idea that lending should not feel boxed in. We specialise in helping clients secure a mortgage loan that fits their needs now and still makes sense for what lies ahead. Because no two situations are the same, the right solution should be shaped around you.

Every borrowing situation also comes with its own roadblocks. As mortgage problem solvers in Tasmania, we help you cut through the noise to focus on what will actually work.

A Name Backed By Experience

Loads of Options

We compare thousands of loan options from 70+ lenders then narrow them down to a few that actually suit you. We do the digging, you get the direction.

Rapid Response

We value your time and aim to get back to you within hours, seven days a week. No more long waits.

Fast-Tracked Application

We take care of the details behind the scenes. That way, securing your property or refinancing feels quicker from the start.

Things people often ask about

Once you start looking into loan options, you’ll probably find it gets confusing pretty quickly. Don’t stress, though; we’ll run through some of the common questions to make things easier for you to understand.

Your borrowing amount is based on several factors, such as:

Income and Employment: Lenders look at your income first. They look at how stable your job is as part of the process. From there, they review your work history to get a clearer idea of how much you can borrow.
Expenses and Debts: Your regular expenses or any existing debts (like credit cards, car loans, etc.) will also be considered when assessing your situation.
Credit Score: A good credit score can increase your borrowing power. This is because it shows lenders that you're a reliable borrower.
Loan Type and Terms: Factors like fixed or variable rates the loan term can influence how much you’re able to borrow.
Deposit and Equity: This is the amount of deposit you have available or the equity in your current property. It can also impact the amount you can borrow.

Looking for quick numbers? You can use our borrowing power calculator. You can also chat with one of our friendly Fortify Loans brokers who can provide guidance based on your situation.

Equity is the difference between what your home is worth and what you still owe on your loan. If your home is worth $600,000 then your remaining loan is $400,000. Here, your equity is $200,000.

To access your equity, you can apply for:

Home Equity Loan: Borrow a lump sum using your equity as collateral. You will repay it with fixed monthly payments over a set term.

Home Equity Line of Credit (HELOC): Similar to a credit card, you can borrow as needed up to a certain limit. As such, you will only pay interest on what you use.

Refinancing: Replace your current mortgage with a new one for a higher amount, effectively cashing out your equity.

LMI stands for Lender’s Mortgage Insurance. This protects the bank in case you default on your home loan. This is an additional charge, typically if your deposit is less than 20% of the purchase price. If you want to buy a property for $500,000 and have a $50,000 (10%) deposit, the bank may charge you LMI. LMI is a once-off payment, and can often be added to your loan amount.

LVR stands for Loan to Value Ratio. This is the amount of money that a bank will lend you based on how much the property is worth. For example, an 80% LVR means the lender will cover 80% of the property’s value. So if the property costs $500,000, the loan would be $400,000. As such, you’d need to contribute the remaining $100,000 as your deposit.

Absolutely not. Our service is complimentary plus we have access to more choices (over 70 lenders) than what a single bank can provide. So with us, you get more options to tailor a solution better to your wants and needs. Also, as brokers, we are governed by a thing called “Best Interest Duty” (BID) ensuring we are always acting in the best interest of our clients.

Before we do anything serious, we will get you to sign off on our Privacy Policy and our Credit Guide. Everything is available via your home loan portal. Each can be signed via a secure digital signature online.

Yes. Fortify Loans is proudly based in Tasmania. Our brokers support clients across Hobart and regional areas every day. That gives us a better understanding of how things work in the local market. It also means we’re familiar with lending policies along with state-specific grants and incentives.

Things people say about us

Loans Built for Tasmanian Families, Investors, and First Home Buyers

How can we help?

Home loans

Refinancing options

Investment loans

Construction loans

Local mortgage advice, built around you

Buying your first home in Tasmania

Your Tasmanian team of mortgage problem solvers

A Name Backed By Experience

Loads of Options

Rapid Response

Fast-Tracked Application

Finance Solutions Shaped for Tasmanians

Tasmanian First Home Buyers

Medical Professionals

Tradies & Self-employed

Things people often ask about

Things people say about us

IMPORTANT INFO

HELPFUL LINKS

First Home Buyers

Refinance

Home Loans

Calculate Your Borrowing

About

Get In Touch

CONNECT WITH US

03 6184 7127

info@fortifyloans.com.au

ACKNOWLEDGEMENT OF COUNTRY

Loans Built for Tasmanian Families, Investors, and First Home Buyers

How can we help?

Home loans

Refinancing options

Investment loans

Construction loans

Local mortgage advice, built around you

Buying your first home in Tasmania

Your Tasmanian team of mortgage problem solvers

A Name Backed By Experience

Loads of Options

Rapid Response

Fast-Tracked Application

Finance Solutions Shaped for Tasmanians

Tasmanian First Home Buyers

Medical Professionals

Tradies & Self-employed

Things people often ask about

How much can I borrow?

What is equity and how can I unlock it?

What is LMI?

What is LVR?

Is it more expensive to go through a broker than to go directly to the bank?

Where can I see the fine-print?

Are Fortify Loans Tasmanian-based?

Things people say about us

IMPORTANT INFO

Legal Disclaimers

HELPFUL LINKS

First Home Buyers

Refinance

Home Loans

Calculate Your Borrowing

About

Get In Touch

CONNECT WITH US

03 6184 7127

info@fortifyloans.com.au

ACKNOWLEDGEMENT OF COUNTRY