HOME LOANS

Home Loans Sydney

The Australian market has changed a lot in the last twenty years. Deregulation and the growth of competition have meant many different lenders are now available to modern consumers in addition to the traditional banks and building societies. Each of these has a range of loans so there are literally thousands of products on the market today.

These options will fall into basic categories and these can be split or combined in different ways to suit the individual borrower’s needs. Loans also have optional features that can be utilised. Features like ‘Interest Only’ payments, Re-draw options, and linked credit card or cheque book facilities. We can define the ‘basic’ loan options for most borrowers in this way.

FIXED RATE HOME LOANS

The fixed rate loan allows a client to agree with the lender to fix the interest rate that applies to their loan for a limited time (usually 1, 3 or 5 years). This means the monthly payment will be constant despite any rate changes for other borrowers.

This loan style is useful for people on a tight income who cannot deal with payment variations. It is also a good option in a rising interest rate environment to be able to fix some or part of a loan and avoid paying higher interest costs. In a falling rate environment, this type of loan can leave a client paying more than the average market price for loan; so it should be used carefully and with a view to the broader market movements.

We have access to over 700 loan products from Basic Home Loans to Professional Packages.

Once you have chosen which loan to go with, your assigned and dedicated mortgage broker will then assist you through the whole loan application to loan approval and settlement process, plus, your broker will continue to be there for you in the future when you need further finance, property and loan related advice or assistance.

Contact us today for a free consultation.