Are you confused with all the Home Loan offers out in the marketplace?
The wrong home finance decision could cost you a fortune so it’s crucial to find the one that’s right for you. Through Home Loans of OZ we can specifically design a custom mortgage loan offer from our panel of lenders that best suits your needs.
Our professional staff are experienced, well trained and fully equipped with the latest broker software. They know what they’re doing and what they’re talking about. If you already have an existing home loan, does it still suit your changing needs? Could you benefit from refinancing? We can help review your current home loan and discuss some of the other options available based on your current financial needs.
First Home Buyer
Borrow up to 95% of value of Property with just 5% genuine savings - for First Home Buyers or 95% of property value without genuine savings. Funds to complete can come from Gift or First Home Owners Grant.
These loans are suited to borrowers, including first home buyers, with limited savings, or those wishing to use money not sourced from their own savings as a deposit.
Home and Investment
Compare discounted loans and loans that offer more than basic features. Loans available up to 95% of property value for both Owner Occupied and for Investment properties.
With hundreds of mortgage products on offer, it’s not easy to pick the right loan. In fact, it can be downright baffling thanks to the sheer range of options and features that various products can offer‚ not to mention the interest rate. So where do you start and why do you need to compare home loans?
Home Loan Refinance
Still paying a high interest rate on your home loan? Refinance to a lower Interest Rate Home Loan! A debt consolidation loan could save you on interest payments. Loans available for debt consolidation to 90% of property value.
Be sure to find out what your existing loan is costing you and compare that with whatever refinancing you are offered. Also compare features of the new and old loans and factor in changeover costs.
If you can’t get a loan because you don’t fit traditional lending criteria, you’re not alone. In Australia, we estimate that one in five people are unable to obtain credit from a traditional lender
These categories of loans are for clients that do not meet standard lending criteria – up to 95% LVR lend for PAYG applicants with bad credit in high population areas.
Land & Construction Loans
These loans enable customers to borrow up to 90% LVR on vacant land and up to 95% on Constructio. Available for both Owner Occupied and Investment Purposes.
Vacant land loans enable customers to borrow in order to purchase land. A construction loan has interest only draws on construction then loan reverts to a Standard Home Loan on completion.
Low Doc Loans
If you do not fit into the Banks format for Self Employed, then you may have already found that finding a home loan can be difficult. Our funders will lend to 85% of property value on both a purchase and on a refinance.
Alternative verification of income can include either Accountant to verify, 6 months of lodged BAS statements or 3>6 months of business bank statements or a combination of any 3 to apply for a Self Employed Home Loan.