Home Loan Services

Just starting out and not sure what kind of loan you need? No worries! We are here to help. As a first home buyer, you can obtain finance from a financial institution (a loan) either to purchase or secure against the property, with our assistance. Features of a mortgage such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan and other characteristics can vary considerably. It’s always best to speak with a professional mortgage broker to discuss your options. We can also help you determine your eligibility and apply for the First Home Owner’s Grant

Investment loans are structured in a specific way to allow you to make the most of your assets and finances. We can work with you, your financial planner or accountant to ensure your loan is set up to meet your specific needs, and we have access to competitive loan options that can help you maximise your investment returns.

Commercial property and business lending policies and interest rates are rarely found on lender’s websites. Unlike residential home loans, the pricing of a commercial loan can be negotiated based on your background in business and the security to be offered. If you need help to refinance or purchase commercial property, just contact us today.

The variable rate loan offers more features and flexibility than the basic fixed rate loan, so the rate is usually slightly higher. Fixed rate loans are set at a fixed rate for a specified period – usually one to five years. This gives you the advantage of knowing how much your repayments will be, allowing you to organise your finances without the risk of rising interest rates. However, this advantage is offset by the possibility of not benefiting from a drop in rates.

A honeymoon loan (or introductory loan) is a loan with lower interest rates or lower repayments for the first six to twelve months. After the ‘honeymoon’ term, the loan becomes a standard variable rate loan and the repayments will change to include the current standard variable interest rate. When taking out a honeymoon loan, it’s important to make sure you can meet the potentially higher repayments for the remainder of the loan. You could also be faced with a fee at the end of the honeymoon period if you want to switch to another type of loan.

A bridging loan may be necessary to cover the financial gap when buying one property before your existing one is sold. This finance is secured against the existing property (utilising equity) and the new property being purchased. Usually, bridging loans are short term (normally 6 months) to allow for the sale of the original property and more expensive than other types of loans. There are alternative ways to finance a change from one home to another, so please talk with us to discuss your options.

Remember Circumstances change over the years and it’s definitely wise to take a look at your current Home loan to ensure that it still ticks all the boxes and ensure that it still is the best product for you whilst providing you with a competitive interest rate. In most cases the whole process is so much easier than when you obtained your first home loan as you are now an established home owner with a proven track record.

When the banks have said no for any of the following reasons.

• You are self-employed and are unable to provide lenders two years of financial history

• Were employed but their income is unstable

• Your previous requests for a loan has been turned down by major lenders and banks

• You’re over 55 years of age

• You were or still are bankrupt

• You currently have arrears with car loans, mortgage, credit cards and personal loans.

• You have a bad credit rating owing to defaulting or other legal rulings.

• You currently have arrears with car loans, mortgage, credit cards or personal loans

Don’t give up. Speak to us first and we will do our best to provide you with any available alternatives or solutions to help you