Which kind of borrowers do you belong in?

First home buyers Home Loan

If you're self-employed and looking for a home or investment property loan, our Low Doc option means you don't have to provide standard income verification documents when applying for a home loan. You just have to sign a Borrower's Income Declaration instead.

First home buyers Home Loan

A five-star home loan with a special low rate for first home buyers
If you're buying your first home, you'll enjoy a special discounted with our First Option Home Loan. It's our lowest variable rate yet and designed to make it easier for you to buy your first home.

No deposit Home Loan

No deposit? Borrow up to 100%
Want to buy your first home but don't have a deposit? You may borrow up to 100% of the property value, instead of waiting until you've saved a full deposit. You just need to have saved enough to cover stamp duty, fees and insurance and show us that you have a good savings pattern.

Full Income Documents Home Loan

We have up to 1% discount rate that waiting for you, just contact us today.

Types of Products

Standard Variable Loans

The interest rate can vary through out the term of the home loan - both up and down. The term is usually 20 to 30 years. A variable rate home loan packed with features to help pay off your home loan sooner

Advantages:

If interest rates fall, your repayments will come down.
You have the option to fix or split your home loan. You can make additional repayments without incurring a penalty and the option to redraw the additional funds.

Disadvantages:

If interest rates rise you will have to make higher repayments.

Basic Variable Home Loans

Many lenders now offer basic variable Home loans with lower interest rates than standard variable Home loans but with fewer features. Like all variable Home loans, the interest rate and your repayments can vary over the term of the loan.

Advantages:

The biggest advantage is price. Basic variable Home loans have a relatively low interest rate. Repayments are usually lower than standard variable Home loans. This is a simple easy-to-manage home loan with a low ongoing variable rate and no monthly fees.

Disadvantages:

Most of these Home loans do not offer the same range of features or flexibility as other variable interest rate Home loans. For example, many basic variable Home loans cannot be used in combination with other loans and are not portable. However, borrowers can option to pay for additional flexibility and features.

Introductory Loans

This is a kind of home loan that gets you off to a great start with a discounted fixed or variable rate in the first year. The interest rate is usually low to attract new borrowers and normally lasts for a period of two years or less. Home Loan rates can be fixed, variable or capped. After the introductory period, most introductory home loans revert to the standard variable rate. Also called a discounted or honeymoon rate.

Advantages:

Usually the lowest interest rates available on the market.
If payments are made at the interest rate applicable after the introductory period, the principal can be reduced quickly. Some banks provide an offset account on these home loans.

Disadvantages:

Payments may increase when the initial period ends.
If the introductory rate is fixed and interest rates fall you could be locked into higher rates.

Fixed Loans

The interest rate is fixed for the term of the loan - usually between one and 10 years. This means that the monthly repayments will remain the same for the duration of the fixed period. The certainty of an interest rate that does not vary for the agreed period

Advantages:

The security of knowing that your repayments will not increase for the fixed period

Disadvantages:

If interest rates fall during the fixed period you will be paying a higher rate by comparison. Fixed loans often lack the flexibility to make extra repayments and thus shorten the duration of your home loan.

100% Offset and All-in-one Loans

100% offset accounts are a separate savings account attached to your home loan. The interest rate on the offset account is the same as on the home loan. Any money you put in the offset account is deducted from your home loan balance before interest is calculated.

Advantages:

It operates like a transaction account and typically has a cheque facility and a cash card. The interest savings on 100% offset accounts/All-in-one loans are higher than you would get on other savings and transaction accounts. Any extra money in your transaction account saves you interest on your home loan, thus shortening the term of your home loan.

Disadvantages:

You may have to pay a slightly higher interest rate or monthly fee to have a 100 % offset account.

Line of Credit Home Loan/Home Equity Home Loan

A flexible line of credit for home or investment purposes that you can access any time
A line of credit that is an all-in-one banking solution, linking your transaction accounts and personal, home and investment borrowing in one facility. Line of credit products are flexible ways to raise funds for investment purposes by providing cash at call up to the prearranged credit limit.

Advantages:

You can use the money as you need it and pay it back when you can.
Interest rates tend to be lower than for credit cards or personal loans.
Credit limits are usually higher than for credit cards or personal loans.

Disadvantages:

Unless you are careful, it's possible to reduce the home equity you have built up in your home.

Non-Conforming Home Loans

Kinds of home loans are available to borrowers who previously have been refused finance for not meeting lenders' traditional criteria. These include self-employed people, contract and seasonal workers, the credit impaired, senior citizens, bankruptcy, count judge etc.

Advantages:

Enable those who would previously have been refused finance or will be refused to obtain it. Fully featured loan options including redraw, line of credit, variable and fixed options etc

Disadvantages:

Often offered at a slightly higher interest rate and/or fee structure than the comparable traditional home loans.

Professional Package Home Loan

A professional package offering a wide range of products and services with great discounts for one annual package fee

Rural Home Loans

Flexible and cost-effective home loan solutions to buy a rural retreat Rural Lifestyle Home Loans

How to find the best home loans

Finding the best home loan can save you thousands of dollars. I recommend you to contact us and we will do all the legwork for you.