Optimax
The ultimate solution for unlisted postcodes & Increased borrowing capacity for responsible investors & for good managers for credit card debt
Are you tired of turning away potential customers due to their unlisted postcodes?
Look no further than Mortgage Street’s Optimax product. With the ability to accept securities located in Capital postcode 3, as well as selected non-metro postcodes, you can confidently offer this solution to your customers without the fear of rejection. The flexibility of Optimax means more satisfied customers and more successful deals for you as a mortgage broker. Choose Optimax for a comprehensive and reliable home loan option for your customers.
As Australia’s premier alternative lending solution, our mission is to empower our brokers to achieve their goals
Our goal at Mortgage Street is to provide you & your customers with first-class service and innovative products to help you deliver solutions to your clients who don’t fit traditional lending criteria. But if your clients don’t qualify for a bank loan, Mortgage Street can always find alternatives. With 24 mortgage options available, we can help your customers find the right fit for their unique situation.
Mortgage Street is committed to providing a modern, efficient service to our clients. By distributing home loans through professional Australian mortgage brokers, we can offer a convenient and streamlined digital process that allows you to apply for a loan, submit documents, and track the progress of your application from the comfort of your own home.
Working with a Mortgage Street accredited professional mortgage broker means you can benefit from their expertise and industry connections. This can often result in faster approval times, as brokers are able to expedite the loan assessment process and provide lenders with the information they need to decide.
Each lender has their own credit policies, which can vary significantly. By working with a Mortgage Street accredited mortgage broker, you can access a wider range of lenders and take advantage of more flexible credit policies that may be better suited to your individual circumstances.
A Mortgage Street accredited mortgage broker can help you to maximise your borrowing capacity by advising on the best loan structure and providing guidance on how to strengthen your application. This can be helpful if you have a complex financial situation or are self-employed.
Negative gearing considerations
If you are planning to purchase an investment property, a Mortgage Street accredited mortgage broker can help you understand the tax implications of negative gearing and advise on the best home loan options to suit your goals.
A Mortgage Street accredited Mortgage brokers have access to a wide range of lenders, including those that may consider larger loan amounts. This can be especially useful if you are looking to purchase a more expensive property or undertake extensive renovations.
No mortgage insurance to 85% LVR
Many lenders require mortgage insurance for home loans with a loan-to-value ratio (LVR) of over 80%. By working with a Mortgage Street accredited mortgage broker, you may access lenders that do not require mortgage insurance up to an LVR of 85%, saving you money on your loan.
Turbo charge your application for faster turnaround times
Fill up the MSt 003 and get low rates within a day
Complete the MSt 001 for ready to submit a new application
Mortgage Street focuses on what you and your customer needs. Submit a scenario now and we’ll help you every step of the way.
Helpful guides & forms
Don’t let your unique situation hold you back, explore the 24 mortgage options offered by Mortgage Street.
Good Borrowers
Specialist loan
Reloaction loan
The maximum loan-to-value ratio (LVR) that your clients can obtain with Optimax is 95%. This high LVR allows your clients to access more financing for their property purchases or refinances. However, it’s important to note that high LVR loans come with a higher risk for the lender and therefore, the terms of these loans may be different. If you want to learn more about Optimax and the terms and conditions that come with it, please visit our website.
The highest loan-to-value ratio (LVR) that your clients can obtain with Optimax is 85%. While this LVR may be lower than some other options, Optimax offers more flexible terms and conditions that can better suit the needs of your clients. If you want to learn more about Optimax and how it can benefit your clients, please visit our website for more information. You’ll find more details about the product and how it compares to other options available on the market, making it easier for you to advise your clients.
The maximum loan amount that your clients can borrow with Optimax is $1,000,000 per single security . This high loan amount can provide your clients with the financing they need to purchase or refinance their property, whether it’s a residential or commercial property. However, it’s important to note that the loan amount will also depend on your client’s income, credit history, and the property’s value. If your clients are looking to borrow more than $1,000,000, it is best to complete MSt 003 to see their borrowing capacity. If you’re interested in learning more about the terms and conditions of Optimax or want to know if your client would qualify, please visit our website for more information.
The maximum loan amount that your clients can borrow with Optimax is $5,000,000 per single security, this high loan amount can provide your clients with the financing they need to purchase or refinance their property, whether it’s a residential or commercial property. However, it’s important to note that the loan amount will also depend on your client’s income, credit history, and the property’s value. If you’re interested in learning more about the terms and conditions of Optimax or want to know if your client would qualify, please visit our website for more information. You will find more details about the product and its features, as well as the requirements and the comparison with other loan options, making it easier for you to advise your clients. available.
Yes, Optimax products can accept Alt doc for GST registration. This means that if you are a mortgage broker looking for a GST-compliant solution, Optimax has you covered. Our products are designed to be flexible and adaptable to you & your customers’ needs, and we are proud to offer Alt doc as an option. We understand that every business is unique, and we strive to provide a tailored solution that meets you & your customers’ specific requirements. So, if you are interested in learning more about how Optimax can help your business, please visit our website to see what we have to offer. You’ll find that our products are innovative and user-friendly, making them a great choice for any mortgage broker looking to streamline their GST compliance process.
The minimum credit score required for Optimax products is 700. However, if your clients have a credit score below 700, we recommend they complete a MSt 003 to determine which product is right for them. This is because a credit score of 700 and above shows that the borrower has a good credit history, which is an important factor in determining loan eligibility. However, there may be other loan options available to them.
If you are a mortgage broker interested in learning more about our credit requirements, please visit our website for more information. We have a team of experts who can help you understand our credit requirements and assist you in finding the best loan option for your clients, even if they have credit score below 700.
Yes, Optimax products accept equity line of credit as a facility type. This means that if you are a mortgage broker working with clients who are interested in using their home equity to secure a line of credit, Optimax has a solution for you. Our products are flexible and adaptable to your clients’ needs, and we are proud to offer equity line of credit as an option.
If you are interested in learning more about how Optimax can help your clients with equity line of credit, please visit our website to see what we offer. You’ll find that our products are innovative and user- friendly, making them a great choice for any mortgage broker looking to offer equity line of credit to their clients.
The maximum interest-only repayment period for Optimax products is 10 years. This means that for the first 10 years of the loan, borrowers only have to pay the interest on the loan, rather than paying off any of the principal. This can make their monthly payments more manageable, especially for those who are looking for a short-term solution or have fluctuating income. However, it’s important to note that interest-only payments can be more expensive in the long run, as the entire loan amount will still need to be paid off, eventually. At Mortgage Street, we have a team of experienced mortgage brokers that
can help you understand the pros and cons of interest-only payments and help you find the best solution for your financial situation.
Yes, Optimax products do accept rural residential properties. However, financing a rural residential property can be a bit more complex than financing a traditional urban property, as there are often unique considerations such as zoning and land use regulations. Contact Mortgage Street’s accredited mortgage brokers to learn more about how we can help you secure a loan for your rural residential property.
Yes, Optimax products do accept rural residential properties. However, financing a rural residential property can be a bit more complex than financing a traditional urban property, as there are often unique considerations such as zoning and land use regulations. Contact Mortgage Street’s accredited mortgage brokers to learn more about how we can help you secure a loan for your rural residential property.
Monday to Friday 9am – 5pm (Sydney time)
+LVR stands for the loan-to-value ratio. LVR is the amount of your loan compared to the Bank’s valuation of your property offered to secure your loan expressed as a percentage. Home loan rates for new loans are set based on the initial LVR and won’t change during the life of the loan as the LVR changes.
*Comparison rate: The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Loan applications, refinances and balloon amounts are subject to credit assessment.
Conditions, credit criteria, fees and charges apply. Based on Mortgage Street’s credit criteria, residential lending is not available for Non-Australian resident borrowers. Interest rates subject to change. Before making a decision, it’s best to read the terms and conditions.
