Buyer Seller

Home loans are generally categorised under:

		Standard Variable Rate
		Basic Variable Rate
		Fixed Rate
		Combination or Split Rate
		Non-Conforming Loans (including low documentation)
		Home Equity Loans
		Line of Credit
		All-In-One Loans

Each lender has slightly different terms. To request an obligation free appointment, click here and Lin will explain the differences and how each loan could suit your needs.

Standard Variable Rate loans typically offer you maximum flexibility and great
features, including the option to fix or split your loan, the ability to make additional
repayments when you can afford to, and the option to redraw these funds for any
purpose when you need to.

Basic Variable Rate loans offer a lower interest rate, but fewer features. However,
you usually have the option to pay for additional flexibility and features when you need
them.

Fixed Rate loans protect you against interest rate changes for an agreed time, so
you have peace of mind knowing your repayments won't increase. However, you won't
benefit if rates go down during the fixed term.

Combination or Split Rate loans combine the flexibility of a variable rate and the
certainty of a fixed rate, so you benefit when rates drop, and are protected when they
increase.

Non-conforming and Low Documentation Loans have been designed especially to
help borrowers who do not meet ‘standard’ lending criteria, including those who have
an impaired credit history, are unable to provide the required financial documentation
in support of their loan application, or who have minimal deposits or savings history.

Home Equity Loans allow you to unlock the equity in your existing property for other
opportunities such as renovating your home, investing in shares or managed funds, or
financing an investment property.

Line of Credit Loans are interest only variable rate loans that allow you to borrow
against the equity in a home with the added flexibility of a transaction account built into
the home loan.

All-In-One Loans feature an everyday transaction account linked to your home loan.
By keeping all your money in your loan account, and only redrawing your living
expenses as you need to, you can reduce the amount you owe. This, in turn, reduces
the amount of interest you have to repay, making your money work harder for you.