Home Loan

Best for first-time buyers; the most common type of home loan

Save money by getting a lower home loan interest rate at the initial phase of your mortgage (usually 12 months)

Pay back only the interest on the loan; usually only available for the first five years of a mortgage.

With fixed or locked-in interest rates for a maximum of five years at the start of a mortgage

Mortgagees decide the percentage of the mortgage to allocate between fixed and variable rates for a set period.

Have another property owner guarantee part of your property as a surety; Helps with small or no deposits

Opportunity to buy a property for a high-risk borrower with a chequered financial history

Low documentation requirement, if you don't have regular payment or extensive tax records/credit history

If you have difficulty finding a home loan due to age or physical disability

Pay less when building a new house or undertaking renovation

If you want to own the property after the purchase; No more paying rent

If you want to rent out your property and earn money, real estate has been one of the best-performing investment asset classes in Australia for years.

Invest real estate and profit with your retirement savings; Tax incentives

Refinance by paying out the current loan and starting a new one for better lender deals

Give lenders access to the equity for funds; Pay back the line of credit in either interest-only or principal and interest instalments.

If you need money urgently to buy a property to live in before you have sold your old property; short-term, usually six months maximum

If you are a retiree or pensioner in need of funds, you can use your property as security to access cash while keeping your home.