Types Of Loans

Buying a home, whether it’s your first home or an investment property, can be an exciting yet overwhelming experience, not to mention a big financial commitment.

There are so many home loans available. I will help you compare home loans, loan features including fees and charges involved and to help you find the most competitive loan for your lifestyle and finance needs.

Home Loan Deposits
Most banks and lenders will require a minimum deposit of 5 per cent of the value of the property you are purchasing, before they will approve you for a home loan. Depending on the lender and your individual situation, you may be able to fund your deposit from a range of sources, including genuine savings, monetary gifts, inheritances and first home owner incentives. However, most lenders will require at least a portion of your deposit to come from genuine savings.

If you don't have the deposit required, you may be able to make use of family equity, also known as a limited guarantor loan. The most common form of family equity is where a family member, offers their existing property as security for a portion of the home loan, generally around 20 per cent.Types of loans available for you:

Basic Variable
The most popular Home Loan product, the Basic Variable Home Loan, offers a discounted interest rate for the life of the loan with minimal fees. It also comes with some key features and benefits whilst maintaining it’s competitive rate.

Fixed Loan
Fixed Rate Home Loan’s protect you against interest rate increases. They also give you the opportunity to budget for your home loan knowing exactly what the repayment will be month to month. Designed so that you have the piece of mind knowing that your loan will not fluctuate with the changing economic environment, you’ll know how much you will be repaying which gives you the opportunity to plan ahead. Fixed loans are suitable for either owner-occupied homes or investment properties and are available with either Principal & Interest or Interest Only repayments.

Investment Loans
The key to successful investing is timely information and the power of choice. I can help you choose the right investment loan by assessing your requirements and capacity to invest. You can choose from a variety of loans that include Equity Loans, Interest Only Loans and Fixed Loans. If you’ve always wanted to invest but weren’t sure if you could do so, we can assess your financial position and advise you of the possibilities.

Construction Loans & Land Loans
Have you found land or are you looking to build a new home? I can help you with a range of land and construction loans. I can advise you what is required to build a home, manage your progress payments to your builder or if you are an owner-builder, assist you with your documentation requirements for your costing and estimating. Construction is a stressful period in someone’s life and I’m here to make that process stress-free making sure that your finances are in order allowing you to focus on creating your dream home or expanding your investment portfolio.

Professional Packages
Professional Packages can offer substantial discounts and special benefits to those who qualify. Qualification is typically dependent on the amount you wish to borrow and the level of your income.

Line of Credit/Home Equity Loan
Use the equity you have in your home to build on your lifestyle, provide you with a flexible financial structure or diversify your investments in shares, managed funds and superannuation.

Interest Only Loan
For many an Interest Only Loan may be the ideal way to purchase land, an investment property or construct a home. It ensures that the repayments are kept to a minimum freeing up your cash flow to allow you the option of using your surplus money for other requirements. I will help you determine which loan is suitable for your needs and outline the benefits of an Interest Only loan. We can make comparisons to a Principal and Interest product to assist you in assessing its suitability for you.

Low Documentation Home Loan
No Financials… No worries!! Low Doc loans are a flexible solution for self-employed applicants who have assets and income but who are unable to provide the financial statements or tax returns required at the time of application.
Speak to me about obtaining a Low Documentation loan.

Achieving Great Home Loan Results
I enjoy working with people from all kinds of backgrounds and professions.

Some of my clients have been self-employed, nurses, doctors, bricklayers, carpenters, real estate agents and more. My goal is to achieve a great result for you, no matter who you are.

Home Loan Pre-Approvals
A home loan pre-approval is the perfect way to get ready for purchasing a home.

Once you are pre-approved you can go into the market place with the understanding and assurance that when you have found a property that is within the pre-approval budget, you are in a position to make an offer and secure that property.

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