Basic Home Loans

These no-frills loans have minimal ongoing fees and the lowest interest rates, but they don’t have a lot of features and can be less flexible. If you don’t need certain features and want the lowest possible rate then a basic home loan may be right for you. One of our loan consultants can help you compare the benefits.

Standard Variable Rate Loan

Standard variable rate loans are the most commonly used loans for home buyers. They can offer the right balance between flexibility, (such as the ability to make extra repayments and no penalty for early exit) and features, (such as an offset account or line of credit). Fees and interest rates vary between lenders and products. One of our loan consultants can help you compare.

Fixed Rate Loan

If you like the security of having fixed payments in times of rising interest rates, then a fixed rate loan may suit you. You can lock in a fixed rate for periods from one to five years, after which you can change over to a variable rate or refinance another fixed rate. These loans are often less flexible and have less features than standard variable loans. One of our loan consultants can help you compare.

Split Rate Loan

If you are unsure of where interest rates are headed you can have an each-way bet by opting for a split-rate loan. These loans give the security and budget planning features of a fixed rate loan, together with the lower interest rate and features of a standard variable rate loan. One of our loan consultants can help you tailor your own custom package.

Interest Only Loan

Interest only loans are most commonly used by property investors, but may also suit owner-occupiers looking for bridging finance, a renovation loan or to refinance an existing loan. Only the interest component is repaid, meaning smaller repayments, and the principal amount is repaid at the end of the loan term, usually from two to five years. 

Lo Doc

If you are a person who has difficulty supplying standard proof of income documents, such as a self-employed person or small business owner, you may self-certify your income and opt for a low-document loan. The lender may compel you to take out lenders’ mortgage insurance and you may pay a higher interest rate, however you could have access to some of the flexibility and features offered in traditional loans. One of our loan consultants can help you compare loans to find the right fit.

Line of Credit

A line of credit allows you to access funds instantly up to your approved limit, so you can combine your home loan and investment account in the one product. You can have your salary paid directly into your home loan to reduce the principal and use a linked credit card for daily expenses, using your line of credit to pay off the card each month.

No Deposit

Some lenders will allow you to borrow 100% of the property price. Some lenders will even allow you to borrow the fees and charges as well! It means that if you don’t have a deposit, you can still enter the property market, although you will need lenders’ mortgage insurance and enough funds to cover stamp duty and conveyancing. A no deposit loan may have a higher interest rate so speak to one of our loan consultants to help you find the leading loan from our panel of lenders.

Professional Packages

Not just for professionals, but for all applicants with a higher income. Lenders offer attractive features, usually for an annual fee, such as discounted credit cards, waived account fees.

First Home Buyer

Buying your first home is exciting, and the choice of loan is seemingly endless. Your options include:

      Basic loans - no-frills features but low to no fees and low interest rates;

      Standard variable loans – offering the flexibility of extra repayments;

      Fixed interest rate loans – for peace of mind;

      Split rate loans – combines the security of a fixed rate for part of the loan and the flexibility of a variable rate;

      Honeymoon periods – we measure the comparison rates to get you the best deal;

      Features – could you benefit from an offset account or a redraw facility?

Why not let one of our loan consultants take the stress out of the process. We can help you decide which type of loan will be the best fit.

No Doc

A no-doc (no documentation) home loan uses a declaration of income in place of proof of income documents. This type of loan may have a higher interest rate and may require you to take out lender’s mortgage insurance. Some lenders may only loan up to 80% of the value of the property. If you’re a self-employed person or a small business owner, using self-certification to declare income and assets instead of assembling old tax returns and financial reports may be invaluable.

Offset account

An offset account could help you to pay off your mortgage sooner. The savings you accumulate in your offset account is offset against your mortgage, reducing the amount of interest you pay and helping you pay more off the loan principal.

Redraw facility

A redraw facility allows you to make extra repayments with the security of being able to access those funds in case of emergencies or unforseen events. Lenders differ in whether they charge a set-up fee, whether they set minimum or maximum redraw amounts, and how many redraws are allowed per year. One of our loan consultants can assist you find the best deal.

Home Equity Loans / Lines of Credit

Use the equity in your home to renovate, invest, or refinance. One of our loan consultants can show you how.

Investment Property Loans

Our loan consultants are property investors too. We can help you choose from standard variable rates, fixed interest rates, interest only loans and home equity loans to find the right fit.

Bridging Loans

Perhaps you’ve bought a new property before selling your current property, or maybe it’s just impossible to co-ordinate settlement dates. Don’t worry, one of our loan consultants can arrange a bridging loan for you.

Renovation Loans

There are plenty of options to choose from to finance your renovation. You can choose from a redraw facility for smaller rejuvenations, a home equity loan or line of credit for more expensive projects or a construction loan for your serious overhaul.

Construction Loans

Construction loans are designed for building new homes or for significant renovations. You do not need to draw down the full amount borrowed all at once. Instead the amount borrowed is drawn down in increments, i.e. to buy the land, then to pay the builder a deposit, then for each of the builders progress payments. Interest is only payable on the amount drawn down.

Refinance, Restructure or Debt Consolidation

Whether your circumstances have changed or you just want a better deal, one of our loan consultants can help you find the best fit. You may not even have to change lenders to consolidate into a reduced rate, refinance more manageable repayments or restructure a better payment schedule. CONTACT US

Personal Loans

            We can arrange finance for your new car, boat, or whatever your heart desires. CONTACT US