Supporting First Home Buyers
If you're new to the world of home buying and aren't sure what type of loan you need, don't worry. We're here to guide you through the process. As a first-time homebuyer, we can assist you in securing finance from a financial institution for the purchase of your property. Mortgages can have varying features, such as loan size, maturity, interest rates, repayment options, and other characteristics. To ensure that you make an informed decision, it's essential to speak with an experienced mortgage broker. We can also assist you in determining your eligibility and applying for the First Home Owner’s Grant.
Investment Loans
Investment loans are designed to optimise your assets and finances. We can collaborate with your financial planner and accountant to ensure that your loan is customised to meet your specific requirements. With our expertise, we have access to competitive loan options that can help you maximise your investment returns.
Commercial Loans
Commercial property and business lending policies and interest rates are typically not readily available on lenders' websites. Unlike residential home loans, the pricing of a commercial loan can be negotiated based on your business background and the security you can offer. If you require assistance in refinancing or purchasing commercial property, please don't hesitate to contact us today.
Standard Variable & Fixed Rate Loans
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.
Honeymoon Loans
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.
Bridging Loans
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.
Asset Finance
In addition to home loans, if you require finance for other significant purchases, we can assist you in accessing competitive finance options. These options include private cars and recreational vehicles, commercial vehicles, plant and equipment for your business, and other types of small business loans for a variety of purposes. Our finance options may include personal loans, car loans, a range of leases, commercial leasing options, chattel mortgages, and more. Don't hesitate to contact us to explore your financing options further.
