Secured Lending
First Home Buyers
Buying your first home will be one of the most rewarding and challenging purchases of your life. It can be an incredibly stressful time and it is easy to get overwhelmed during the home buying process. Also, as a first home buyer you may be entitled to one of the New South Wales (NSW) Government’s home buyer grants or concessions. Which is why it’s important to get all the facts from the beginning. At Australian Loan House, it is our aim is to help you through every step of buying your first home.
Refinancing a loan
If you’ve had your current home loan for a number of years, it’s likely that your needs have changed. You may have a different financial situation, but your current home loan may not have the range of flexible features and add-ons that are now available on the market. It’s a good idea to review your home loan from time to time, to make sure it is still helping you achieve your financial goals and has all the features you need. Also a refinanced loan will have a lower interest rate. This lower rate, combined with the new, longer term remaining on the loan will lower payments.
Debt consolidation
If you are struggling to manage your debts, it may sound like a good idea to pay someone to fix your credit problems and roll all your loans into one loan. Consolidating or refinancing loans can work for some people if it means they will pay less in fees and interest. For others, it may only be a short-term fix, especially if they can’t meet the repayments on the new loan. Before you refinance or spend money paying a company to help you with your debts, speak to us about how we can help you.
Investment loans and lines of credit
Australian Loan House has a range of residential investment loans to meet the varying needs of investors. You can choose from variable and fixed rate loans, as well as features like interest-in-advance, lines of credit and mortgage offset accounts.
Business/Commercial loans
A number of features will define your ideal business or commercial loan, depending largely on the type of loan you require. Are you looking for a fully drawn advance, an overdraft or a line of credit? Are you happy to pay entry fees, exit fees or annual fees? Perhaps most importantly there’s the question of interest and your repayment structure to consider. When it comes to your finances, it pays to make the right choice. Choose your next business loan on your terms – not the banks’.
Low Doc loans
Low Documentation (Low Doc) Home Loans are designed for self-employed customers and small business owners who may not have access to the financial statements and tax returns usually required when applying for a home loan. Whatever features are available on the standard loan will also be available on the low doc loan. We will help you choose a home loan with a Low Doc option.
Non-conforming loans
Poor financials, bad credit rating, don’t fit the bank’s guidelines? Don’t despair we can assist you with those hard to find loans. A non-conforming loan is a loan that fails to meet bank criteria for funding. Reasons include the loan amount is higher than the conforming loan limit (for mortgage loans), lack of sufficient credit, the unorthodox nature of the use of funds, or the collateral backing it and so forth.
Deposit bonds
A Deposit Bond is an instrument that, by agreement with the vendor, can replace the need for a cash deposit. It is a convenient way of purchasing a property without the need to arrange a large cash depositor immediately cashing in or selling an investment that may mature at some point in the future.
SMSF Loans
SMSF home loans can be used to buy property through your SMSF and give your super balance the benefit of property growth. We can help you find out how SMSF home loans can be used to purchase property and secure your retirement. We will also be able to compare SMSF home loans and enquire with a lender to find out more.