Standard variable rate loans are the most popular mortgage product in Australia, with almost half of all borrowers opting for this type of mortgage. Standard variable rate loans carry flexible features such as offset facilities, redraw, extra repayments and the ability to split the loan.
A basic variable loan generally do not have the features of a standard variable loan. Rates are generally lower especially during the honeymoon period. There may be other fees involved and more suited for a first homebuyer and owner-occupiers who wish to meet the minimal repayment requirements in the earlier year of the loan.
A fixed rate home loan means your loan repayments will be charged at the same interest rate for however long the fixed rate period is. This rate is commonly for a period between 1 – 5 years, but longer fixed rate terms do exist.
A line of credit, also called an “LOC” or home equity loan, allows you to borrow money using the equity in your property. Equity is the value of your home minus any money you owe on it.
A construction home loan is a type of home loan designed for people who are building a home as opposed to buying an established property. A construction loan most commonly has a progressive drawn-down. That is, you draw down the loan (or increase your borrowing) as needed to pay for the construction progress payments.
An SMSF loan is a home loan used by a self-managed super fund (SMSF) to buy investment property. The returns on the investment – whether that’s rental income or capital gains – are funnelled back into the super fund, increasing your retirement savings.
Non Citizens or permanent residents have several options in today’s market to secure finance on their off property purchases, speak to us about it.
We can organise finance on a motor vehicle. If you do not have enough savings to afford a motor vehicle, you will be able to take out a loan and repay it in monthly instalments. You may be take a car finance on both new and existing motor vehicle.
We can organise first or second mortgage loans with private funders for clients who need funds urgently for property settlements, business or personal uses.
Personal loans as a category cover a broad range of loans (e.g. debt consolidation, home improvement, study costs, weddings). We work with several lenders that provide personal loan options.
We have a few options when it comes to protecting your home. We work with insurers to provide quotes on your building, contents or landlord insurances.
We work with other professionals like accountants, solictors, real estate professionals and financial planners in providing all my client’s a holistic service that encompass all their financial goals and needs.