We have an extensive access to over 25 lending institutions available to us, giving us access to hundreds of mortgage finance product options which helps us to cater to our client’s needs. Getting a Homeloan does not need to be a daunting experience. Having us conduct a free client needs analysis It should be seen as an exciting opportunity to discover where you are heading and what options exist to achieve your goals sooner.
Basic Home Loans
Basic Home Loans is one of the simplest ways to own your home sooner is to pay the lowest rate possible and as few bank fees as possible.
If you don’t need the ‘bells and whistles’ that come with many loans (at a price), then a basic home loan could be the answer.
The interest rate will move up and down depending on the Reverse Bank.
Lower interest rates
Popular with first home buyers, basic home loans typically offer interest rates of half to one per cent below the standard variable rate. Many also have lower ongoing fees.
In return for a lower interest rate, basic home loans have fewer features and can be less flexible. Some lenders may offer the option to pay for extra features when you need them. There may also be fees and charges if you decide to switch loans or lenders, or pay off the loan sooner.
At a glance
lower interest rates
lower ongoing fees
· minimal features
· less flexibility
· no additional repayments
· or owner/occupiers only
If you have any questions please feel free to contact us – Obligation free.
If you don’t need the ‘bells and whistles’ that come with many loans (at a price), then a basic home loan could be the answer.
The interest rate will move up and down depending on the Reverse Bank.
Lower interest rates
Popular with first home buyers, basic home loans typically offer interest rates of half to one per cent below the standard variable rate. Many also have lower ongoing fees.
In return for a lower interest rate, basic home loans have fewer features and can be less flexible. Some lenders may offer the option to pay for extra features when you need them. There may also be fees and charges if you decide to switch loans or lenders, or pay off the loan sooner.
At a glance
lower interest rates
lower ongoing fees
· minimal features
· less flexibility
· no additional repayments
· or owner/occupiers only
If you have any questions please feel free to contact us – Obligation free.
Standard Variable Rate Home Loans
Standard Variable Rate Home Loans is a standard variable rate home loan is one of the most popular mortgages around. For many borrowers, a standard home loan offers the right mix of features, flexibility, interest rate and fees.
This type of loan is particularly suitable if you want to make extra repayments without penalty, split your loan or access a line of credit. In return for these benefits, a standard variable rate mortgage will have a higher interest rate than a basic home loan.
At a glance
· repayment flexibility
· ability to make additional repayments
· redraw facility
· split loan feature
· portability
· may offer direct deposit salary, rental or dividend income, credit/debit card and line of credit facility
· can be used for building purposes
· higher interest rates
If you have any questions please feel free to contact us – Obligation free.
This type of loan is particularly suitable if you want to make extra repayments without penalty, split your loan or access a line of credit. In return for these benefits, a standard variable rate mortgage will have a higher interest rate than a basic home loan.
At a glance
· repayment flexibility
· ability to make additional repayments
· redraw facility
· split loan feature
· portability
· may offer direct deposit salary, rental or dividend income, credit/debit card and line of credit facility
· can be used for building purposes
· higher interest rates
If you have any questions please feel free to contact us – Obligation free.
Fixed Rate Home Loans
If you’re worried about rising interest rates, then a fixed rate home loan may be the solution.
Fixed rate home loans offer a fixed interest rate for a set period of time. Because of this, repayments remain the same for the duration of the fixed rate period, usually between one and five years. At the end of the fixed period, you can switch to a variable rate loan or negotiate a new fixed rate or even opt for a split rate loan.
Benefits
· Stability – fixed repayments allow you to plan your finances and stick to your budget, even in times of economic uncertainty.
· Cost – when interest rates rise, repayments won’t increase.
At a glance
· monthly repayments remain the same
· interest rate fixed
· some lenders charge exit fees
· less flexible features
· limited repayment and redraw options
If you have any questions please feel free to contact us – Obligation free.
Fixed rate home loans offer a fixed interest rate for a set period of time. Because of this, repayments remain the same for the duration of the fixed rate period, usually between one and five years. At the end of the fixed period, you can switch to a variable rate loan or negotiate a new fixed rate or even opt for a split rate loan.
Benefits
· Stability – fixed repayments allow you to plan your finances and stick to your budget, even in times of economic uncertainty.
· Cost – when interest rates rise, repayments won’t increase.
At a glance
· monthly repayments remain the same
· interest rate fixed
· some lenders charge exit fees
· less flexible features
· limited repayment and redraw options
If you have any questions please feel free to contact us – Obligation free.
Interest Only Home Loans
Interest Only Home Loans
If you’ve ever purchased an investment property, chances are you’re familiar with the concept of an interest only home loan. Offering lower repayments and many of the same features as traditional loans, interest only loans are particularly suitable for investors. However interest only loans are also suitable for general home buyers, refinancing an existing loan, as bridging finance or to pay for home renovations.
How it works
A principal and interest loan is still the most common type of home loan. Repayments include interest and principal, allowing home owners to repay the loan in full by the end of the loan term, assuming they make the minimum repayments.
With an interest only home loan, repayments only cover the interest component. The principal is repaid in full at the end of the loan term.
Because borrowers only repay the interest component, interest only loans have lower repayments than principal and interest loans.
At a glance
· lower repayments
· loan terms typically between two and five years
· repay principal in full at the end of the loan term
If you have any questions please feel free to contact us – Obligation free.
If you’ve ever purchased an investment property, chances are you’re familiar with the concept of an interest only home loan. Offering lower repayments and many of the same features as traditional loans, interest only loans are particularly suitable for investors. However interest only loans are also suitable for general home buyers, refinancing an existing loan, as bridging finance or to pay for home renovations.
How it works
A principal and interest loan is still the most common type of home loan. Repayments include interest and principal, allowing home owners to repay the loan in full by the end of the loan term, assuming they make the minimum repayments.
With an interest only home loan, repayments only cover the interest component. The principal is repaid in full at the end of the loan term.
Because borrowers only repay the interest component, interest only loans have lower repayments than principal and interest loans.
At a glance
· lower repayments
· loan terms typically between two and five years
· repay principal in full at the end of the loan term
If you have any questions please feel free to contact us – Obligation free.
Line of Credit Home Loans
Line of Credit Home Loans
Today’s home loans let you do more than simply buy a home. Consider a line of credit loan for example. Also known as a revolving line of credit, these loans have become popular due to their flexibility and features.
A line of credit home loan is a credit facility secured with a first mortgage on a residential property. Similar to a credit card, they allow you to withdraw funds up to a set limit at any time. Repayments can be made in full or on a monthly basis.
This type of loan can be used to purchase most types of property, from the family home to an investment property. As long as you make the minimum monthly repayments, you can use the line of credit to carry out renovations, invest in shares or pay the bills.
At a glance
· easy access to funds, with most line of credit facilities offering cheque books, plastic cards, Internet and phone banking and a range of transactions
· withdraw up to your credit limit without having to gain pre-approval
· credit limit amounts are usually higher than credit cards
· interest rates are generally lower than credit cards
· interest on the credit facility can be minimised by directing all your income into your home loan account.
· consolidate your debts by transferring other debts such as personal and car loans into your mortgage
Risks
While these loans give borrowers considerable freedom, they are not for everyone.
Like any credit card account, line of credit loans require financial discipline and good budgeting skills to stay within your financial limits.
However if you are careful with your money and want the flexibility a line of credit offers, this type of loan may suit you.
If you have any questions please feel free to contact us – Obligation free.
Today’s home loans let you do more than simply buy a home. Consider a line of credit loan for example. Also known as a revolving line of credit, these loans have become popular due to their flexibility and features.
A line of credit home loan is a credit facility secured with a first mortgage on a residential property. Similar to a credit card, they allow you to withdraw funds up to a set limit at any time. Repayments can be made in full or on a monthly basis.
This type of loan can be used to purchase most types of property, from the family home to an investment property. As long as you make the minimum monthly repayments, you can use the line of credit to carry out renovations, invest in shares or pay the bills.
At a glance
· easy access to funds, with most line of credit facilities offering cheque books, plastic cards, Internet and phone banking and a range of transactions
· withdraw up to your credit limit without having to gain pre-approval
· credit limit amounts are usually higher than credit cards
· interest rates are generally lower than credit cards
· interest on the credit facility can be minimised by directing all your income into your home loan account.
· consolidate your debts by transferring other debts such as personal and car loans into your mortgage
Risks
While these loans give borrowers considerable freedom, they are not for everyone.
Like any credit card account, line of credit loans require financial discipline and good budgeting skills to stay within your financial limits.
However if you are careful with your money and want the flexibility a line of credit offers, this type of loan may suit you.
If you have any questions please feel free to contact us – Obligation free.
Lo Doc Home Loans
Having trouble finding the right loan? Don’t despair. Today, many lenders offer alternatives for self-employed people and others with no traditional proof of income.
Lo-document loans
One option is a simple, quick and comparatively trouble-free finance product called a lo-document loan or lo-doc loan for short. This type of loan caters mainly for self-employed borrowers who are unable to provide full financial statements and other evidence of their income.
There is a growing range of lo-doc products on the market with many lenders offering standard and premium lo-doc loans with the choice of fixed or variable interest rates. Borrowers also get access to a range of loan features and options never previously available.
However, most lenders require lo-doc borrowers to take out lenders’ mortgage insurancewhen borrowing up to 80 per cent of the property value. Some lenders also charge a higher interest rate for these products. These rates may be reduced after a certain time period or when you are able to provide tax returns.
The challenge is to find the best loan with the best features for your particular circumstances. That’s where our team of experts can help.
At a glance
· less paperwork – requires self-certification instead of traditional proof of income
· streamlined application process
· can only borrow up to 80 per cent of property value
· interest rate discounts may apply after specific time period
· may be eligible for lower interest rate if able to supply tax returns at a later date
· requires clean credit history
· lenders may not lend in high risk areas such as inner city high-rises or large rural allotments
· generally higher interest rates with less features than a traditional loan
· may require lender’s mortgage insurance, adding to cost of loan
If you have any questions please feel free to contact us – Obligation free.
Lo-document loans
One option is a simple, quick and comparatively trouble-free finance product called a lo-document loan or lo-doc loan for short. This type of loan caters mainly for self-employed borrowers who are unable to provide full financial statements and other evidence of their income.
There is a growing range of lo-doc products on the market with many lenders offering standard and premium lo-doc loans with the choice of fixed or variable interest rates. Borrowers also get access to a range of loan features and options never previously available.
However, most lenders require lo-doc borrowers to take out lenders’ mortgage insurancewhen borrowing up to 80 per cent of the property value. Some lenders also charge a higher interest rate for these products. These rates may be reduced after a certain time period or when you are able to provide tax returns.
The challenge is to find the best loan with the best features for your particular circumstances. That’s where our team of experts can help.
At a glance
· less paperwork – requires self-certification instead of traditional proof of income
· streamlined application process
· can only borrow up to 80 per cent of property value
· interest rate discounts may apply after specific time period
· may be eligible for lower interest rate if able to supply tax returns at a later date
· requires clean credit history
· lenders may not lend in high risk areas such as inner city high-rises or large rural allotments
· generally higher interest rates with less features than a traditional loan
· may require lender’s mortgage insurance, adding to cost of loan
If you have any questions please feel free to contact us – Obligation free.
Home Loans for Non-conforming Borrowers
Not so long ago, anyone considered “credit impaired” or non-conforming was unlikely to gain home finance easily.
Most lenders preferred traditional borrowers – those with a regular income from the same employer for a number of years, with no history of defaulting on debts or bankruptcy.
For those who didn’t conform – casual or self-employed workers, full-time property investors, new immigrants and retirees – gaining finance was often difficult and time consuming.
Luckily times have changed.
Exceptions to the rule
Today, lenders face to an ever-changing work force and more complex patterns of employment and home-ownership. Casual and part-time workers now make up a significant portion of the work force.
These trends are matched by changes in the home finance market. According to the Reserve Bank of Australia (RBA), non-conforming loans are estimated to account for up to 4 per cent of the value of new housing loans. The non-conforming market is expected to continue to grow steadily in line with international trends.
Lo-doc loans
Increased competition among lenders and growth in the non-conformng market has led to new generation of loans specifically tailored to non-conforming and in some cases, credit-impaired borrowers. The National Australia Bank and ANZ have both recently launched new lo-doc loan products.
Lo-doc loans allow self-certification of income and are designed for self-employed borrowers who may not have easy access to financial documentation such as payslips, income records and group certificates.
Increasing options
Because non-conforming borrowers are considered higher risk, applicable loans often have a higher interest rate or a lower loan-to-value ratio, and require the borrower to take out lender’s mortgage insurance.
For credit-impaired borrowers, the lender can make an assessment and price the loan according to the level of risk they perceive.
However, some non-conforming lenders will reduce the interest rate for those borrowers who have had an unblemished repayment record for a specified period. Overall, with major banks assessing loan applications on a less standardised basis than in the past there are more competitive loan options for non-conforming borrowers than ever before.
If you have any questions please feel free to contact us – Obligation free.
Most lenders preferred traditional borrowers – those with a regular income from the same employer for a number of years, with no history of defaulting on debts or bankruptcy.
For those who didn’t conform – casual or self-employed workers, full-time property investors, new immigrants and retirees – gaining finance was often difficult and time consuming.
Luckily times have changed.
Exceptions to the rule
Today, lenders face to an ever-changing work force and more complex patterns of employment and home-ownership. Casual and part-time workers now make up a significant portion of the work force.
These trends are matched by changes in the home finance market. According to the Reserve Bank of Australia (RBA), non-conforming loans are estimated to account for up to 4 per cent of the value of new housing loans. The non-conforming market is expected to continue to grow steadily in line with international trends.
Lo-doc loans
Increased competition among lenders and growth in the non-conformng market has led to new generation of loans specifically tailored to non-conforming and in some cases, credit-impaired borrowers. The National Australia Bank and ANZ have both recently launched new lo-doc loan products.
Lo-doc loans allow self-certification of income and are designed for self-employed borrowers who may not have easy access to financial documentation such as payslips, income records and group certificates.
Increasing options
Because non-conforming borrowers are considered higher risk, applicable loans often have a higher interest rate or a lower loan-to-value ratio, and require the borrower to take out lender’s mortgage insurance.
For credit-impaired borrowers, the lender can make an assessment and price the loan according to the level of risk they perceive.
However, some non-conforming lenders will reduce the interest rate for those borrowers who have had an unblemished repayment record for a specified period. Overall, with major banks assessing loan applications on a less standardised basis than in the past there are more competitive loan options for non-conforming borrowers than ever before.
If you have any questions please feel free to contact us – Obligation free.
Investment loan
Property investments are a popular choice for many Australians as they provide a regular rental income, long term capital growth and some tax saving benefits.
However, there are also a number of considerations you should make before you buy an investment property.
Before you start searching for a particular property to buy, make sure you understand what to look for when selecting an INVESTMENT property
- Property valuation fees
- Mortgage set-up fees
- Stamp duty & search fees
- Inspection fees
- Legal fees
- Ongoing maintenance & repairs
Talk to the locals in the area.
They will be able to tell you about any problem areas; streets to avoid; local parks etc. Talk to us if you would like a free RP Data report. This will provide insights on average rent, property values, demographics and suburb reports.
- Will the rent be sufficient to cover the loan repayments?
- Can you cover the difference (if necessary)?
- How will you manage the loan repayments when the property is vacant?
- Will the rental income be sufficient to cover expenses such as managing agents’ fees, rates and strata fees (if applicable)?
- Can you afford to pay the on-going expenses if the rental income is insufficient?
- Explore your options with our mortgage calculator here.
These options include interest-only repayments and line of credit loans here.
As every option has its own benefits and disadvantages, it’s important to obtain sound advice that relates to your specific situation.
Explore your options with our mortgage calculator here.
You could use this to help purchase your new INVESTMENT property.
For example, INVESTMENT property costs, like loan application fees and lenders insurance premiums, may not be an immediate tax deduction. In addition, if you use the equity in your own home to purchase the investment property, you may not receive the full benefit of any tax savings.
Before you start calculating the tax savings you expect to receive from your investment property, seek advice from your accountant or financial adviser.
However, there are also a number of considerations you should make before you buy an investment property.
- 1 Do your research
Before you start searching for a particular property to buy, make sure you understand what to look for when selecting an INVESTMENT property
- 2 Know your budget
- Property valuation fees
- Mortgage set-up fees
- Stamp duty & search fees
- Inspection fees
- Legal fees
- Ongoing maintenance & repairs
- 3 Find somebody you can trust
- 4 Get talking
Talk to the locals in the area.
They will be able to tell you about any problem areas; streets to avoid; local parks etc. Talk to us if you would like a free RP Data report. This will provide insights on average rent, property values, demographics and suburb reports.
- 5 Ensure you can afford the loan repayments
- Will the rent be sufficient to cover the loan repayments?
- Can you cover the difference (if necessary)?
- How will you manage the loan repayments when the property is vacant?
- Will the rental income be sufficient to cover expenses such as managing agents’ fees, rates and strata fees (if applicable)?
- Can you afford to pay the on-going expenses if the rental income is insufficient?
- Explore your options with our mortgage calculator here.
- 6 Evaluate your borrowing options
These options include interest-only repayments and line of credit loans here.
As every option has its own benefits and disadvantages, it’s important to obtain sound advice that relates to your specific situation.
Explore your options with our mortgage calculator here.
- 7 Consider what you already have
You could use this to help purchase your new INVESTMENT property.
- 8 Not every expense is a tax deduction
For example, INVESTMENT property costs, like loan application fees and lenders insurance premiums, may not be an immediate tax deduction. In addition, if you use the equity in your own home to purchase the investment property, you may not receive the full benefit of any tax savings.
Before you start calculating the tax savings you expect to receive from your investment property, seek advice from your accountant or financial adviser.
- 9 Assess the property
- 10 Look into the future
Debt consolidation
We can take all your debts and consolidate them into one manageable, customised loan with one regular repayment.
What is debt consolidation?
Debt consolidation (or as we sometimes call it, ‘debt simplification’) involves rolling your existing debts in to one manageable loan. Having one debt consolidation loan means one set of fees and charges and one regular repayment. You’ll also have an end date on your loan, so you know exactly when you’ll pay it off.
Getting back on your feet
Start by looking at your existing debts; these might include store cards, credit cards, or a car loan, for example. A debt consolidation loan expert will help you with the paperwork involved in paying off your existing debts, and work out a loan amount and duration to suit your budget and lifestyle.
With a debt consolidation loan, you’ll benefit from:
· One simple repayment
Instead of juggling payments to several different credit cards, store cards or other loans, by choosing to consolidate into one loan, you’ll enjoy the ease and simplicity of one regular repayment.
· Tailored loan duration
We’ll tailor your loan duration to suit your budget and lifestyle. offers loan terms from one to seven years, and your loan duration is established once your personal financial situation has been assessed.
· Fixed repayments
Our personal loans are fixed rate, which means the interest rate stays the same for the life of your loan. With repayments that won’t change, you’ll be better able to plan your budget and stay on track.
· Flexible repayment frequency
With your repayment frequency is up to you. Choose weekly, fortnightly, or monthly repayments. Extra repayments^ can be made at any time via direct debit, Bpay.
What is debt consolidation?
Debt consolidation (or as we sometimes call it, ‘debt simplification’) involves rolling your existing debts in to one manageable loan. Having one debt consolidation loan means one set of fees and charges and one regular repayment. You’ll also have an end date on your loan, so you know exactly when you’ll pay it off.
Getting back on your feet
Start by looking at your existing debts; these might include store cards, credit cards, or a car loan, for example. A debt consolidation loan expert will help you with the paperwork involved in paying off your existing debts, and work out a loan amount and duration to suit your budget and lifestyle.
With a debt consolidation loan, you’ll benefit from:
· One simple repayment
Instead of juggling payments to several different credit cards, store cards or other loans, by choosing to consolidate into one loan, you’ll enjoy the ease and simplicity of one regular repayment.
· Tailored loan duration
We’ll tailor your loan duration to suit your budget and lifestyle. offers loan terms from one to seven years, and your loan duration is established once your personal financial situation has been assessed.
· Fixed repayments
Our personal loans are fixed rate, which means the interest rate stays the same for the life of your loan. With repayments that won’t change, you’ll be better able to plan your budget and stay on track.
· Flexible repayment frequency
With your repayment frequency is up to you. Choose weekly, fortnightly, or monthly repayments. Extra repayments^ can be made at any time via direct debit, Bpay.
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