If you are looking for a Home Loan, there are basically three loan option types to choose from.
Your standard variable home loan can be structured to be part variable and part fixed. Can offer good features such as off-set accounts, additional payments, salary crediting, redraw facilities, top ups, construction loans and fixed rate options.
With a Fixed Rate Loan, you have security in the event of interest rate rises. However, taking a fixed rate loan can mean that you may be paying a higher rate than the current variable rate and if rates fall. Some clients, due to personal situations such as employment, family and higher financial commitments want predicability in their loan repayments. But, some banks will let you have additional payments on fixed rate term loans.
Investment loans build wealth by borrowing to invest in shares, property or other assets. If you want to accelerate your wealth and save taxes by leveraging your investments, our range of investment loans can help you. As with home loans there are many types of loans available.
Construction Loans are available when it’s time to build. You can make interest only payments while you are building. The same types of loans are available as from home loans.
Residential Land Loans allow you to purchase land if you intend to build a home within a certain period of time. When you are ready to build, you finance this with any one of our home loans. The Residential Land Loan offers a competitive interest rates and flexible features, so you can start paying off your loan while you plan your home.
Maybe your current interest rate is too high? Want to save some money? Then we may be able to refinance you into a lower interest rate loan with better terms, even after considering penalty payouts.
Equity Loans are revolving lines of credit are the most flexible of all but are not for everyone. But if you are a good money manager and have a sizeable deposit or equity in your existing home… a home equity loan can have many advantages. You can have a Line of Credit with a revolving loan that lets you reuse the difference between the approved loan amount and the amount outstanding, at any time.
Debt Consolidation Loans are available if you want to roll your car loans, credit card, and other loans into your home loan and reduce your interest payable.
When you’re choosing your own home, you need to find something that meets personal requirements such as proximity to work, kids' schools or friends and family. As an investor you need to find a property that will suit a broad range of tenants. Of course you have the freedom to buy in any state or territory, but it is essential to use your head and not your heart when making such financial decisions.
The key is to research locations carefully, looking at important factors like population growth, tenant demand, local price growth and any developments planned for the area. It is also critical to consider the type of property best suited to fulfilling your goals. Think about whether you prefer an existing or new dwelling, and the sort of features that you believe are desirable.