Our Services

Home Loans

We’ve been helping Receive fast, reliable, no-obligation home loan guidance.

Types of Home Loans:

There are various types of home loans available, each with different features to suit different needs:

Variable Rate Loan: The interest rate changes over time, usually in line with the Reserve Bank of Australia’s (RBA) cash rate. Repayments can increase or decrease. These often come with more flexible features like extra repayments and redraw facilities.

Fixed Rate Loan: The interest rate is locked in for a set period (e.g., 1 to 5 years), providing repayment certainty. After the fixed period, the loan usually reverts to a variable rate. There may be limits on extra repayments.
Split Loan: Combines features of both fixed and variable rate loans, allowing you to allocate a portion of the loan to each.

Principal and Interest Loan: The most common type, where each repayment covers both the principal (the original loan amount) and the interest. This builds equity in the property over time.

Interest-Only Loan: For a set period (e.g., up to 5 years), you only repay the interest. After this period, the loan typically reverts to a principal and interest loan. Historically popular with investors.

Investment Loan: Specifically for properties intended to be rented out. These may have different interest rates and fees compared to owner-occupier loans and can have tax advantages.

Owner-Occupier Loan: For properties where the borrower intends to live. These often have lower interest rates than investment loans.

Bridging Loan: A short-term loan to help when buying a new property before selling an existing one.

Construction Loan: Used to finance the building of a new home, with funds typically released in stages as construction progresses.

Guarantor Loan: A family member (usually a parent) guarantees the loan, which can help buyers with a small deposit.

Investment Loans

These loans are specifically for purchasing properties intended for rental income or capital growth. Key features often include:

Interest-Only Options: Popular among investors for maximizing tax-deductible interest in the initial years and potentially improving cash flow. However, principal isn’t paid down during this period.

Principal and Interest Options: Similar to standard home loans, where repayments cover both principal and interest from the start.

SMSF Lending

SMSF loans support SMSF trustees to borrow money to purchase an investment property they may not have the funds to buy outright through their SMSF, SMSF the ability to use its funds as a deposit to purchase an investment property and borrow the remaining amount required to fund the purchase.

Refinancing

Refinancing a home loan involves replacing an existing mortgage with a new one, potentially with a different lender or the same lender, to improve your financial situation. This can lead to a lower interest rate, better terms, or other advantages like accessing equity or consolidating debt.

Asset Finance

Asset finance, in essence, is a type of lending that allows businesses to acquire assets (like equipment, vehicles, or machinery) without paying the full cost upfront.

Instead, businesses can make regular payments over a period, typically through leasing or hire purchase arrangements, to access and use the asset.

Personal Loans

A personal loan is a type of loan that allows you to borrow a set amount of money for personal use, such as paying for a car, a holiday, or consolidating debt.

You then repay the borrowed amount, along with interest and any fees, over a fixed period, typically between one and seven years.

Car Loans

A car loan is a type of personal loan specifically designed to finance the purchase of a vehicle (car, truck, van, etc.).

It involves borrowing money from a lender (like a bank or credit union) to buy the car, with the agreement to repay the loan amount plus interest over a set period, usually between one and seven years.

Essentially, it’s a way to buy a vehicle without paying for it outright.

Business Loans

A business loan is a financial arrangement where a business borrows money from a lender, like a bank, to fund various business needs. This funding is repaid over a set period with interest and potential fees.

Business loans are designed to support a business’s operations and growth, allowing them to manage cash flow, invest in assets, or expand their business.

Commercial Property Loans

A commercial property loan is a type of loan specifically designed to finance the purchase, development, or refinancing of commercial real estate.

These loans are used to purchase or improve properties like office buildings, warehouses, retail spaces, and industrial facilities.

First-Home Buyer Support

A “first home buyer” is an individual or couple purchasing their first residential property in Australia. This typically involves purchasing a home they will live in, rather than an investment property. To qualify, you must be over 18, an Australian citizen or permanent resident, and have never previously owned or co-owned a residential property in Australia.

Key Points:

First-time home ownership: It signifies the initial purchase of a primary residence.

Ownership: It excludes investment properties or properties purchased through trusts or companies.

Australian Residency: You need to be an Australian citizen or permanent resident.

Age: You must be at least 18 years old.

New South Wales (NSW) Specifics: In NSW, eligibility also includes meeting specific occupancy requirements and potentially meeting income thresholds for certain schemes like the First Home Owner Grant or the First Home Buyers Assistance Scheme.

Government Schemes: First home buyers may be eligible for government grants, schemes, and tax concessions to assist with the purchase, such as the First Home Owner Grant (FHOG) or the First Home Buyers Assistance Scheme.

Request a Free
Call Back

Provide discussion information and we’ll get back to
you as soon as possible