Resources

Residential Loans

We provide standard home loans as well as those that are rejected by the banks due to bad credit history or minor payment defaults. Through our accreditation with FAST (Finance & Systems Technology)  Australia, we have access to all the major banks, some non-bank Lenders, and all the major non-conforming Lenders in the country.

What we are providing that no bank can provide is a personal commitment to take the stress out of your home loan process. Because we want to work with our clients for life, we will provide our clients with a holistic advice that look at their total financial needs, which will bring them better benefits in the medium to long term. We will be your one-stop centre for all advice in relation to your home loan application. We also provide a follow-up advice to ensure that you understand how your mortgage works.

Our service is the only thing that separates us from the others. Thus we are fully committed to giving you, our clients, the service that gives you peace of mind.

For your peace of mind, be sure to ask for our Service Commitment Letter.

Standard loans that we provide:

• First home owner’s loan
• Deposit Bonds
• Lo-Doc loan
• No Deposit Home loan (100% home loan)
• Reverse Mortgage or Senior Access Home Loan
• Relocation or Bridging loan
• Investment Property loan
• Re-finance
• Land & Construction loan
• Farm Finance

Non-conforming Loan for :

• Those refused loan by the banks
• Self-employed
• Business start-up
• Those with bad credit history
• Discharged bankrupt
• Bankrupt
• Those with no savings history
• Those with not enough deposit

The following loans are not so common. We have provided a brief description to assist you.

No Deposit Home Loan (100% loan)

• Borrow up to 100% of the valuation or purchase price, whichever is the lower.
• Loan amount up to $600,000.
• Must show 3% savings (can be genuine or non-genuine).
• Interest rate is higher than normal loan.

The Senior Access Home Loan or Reverse Mortgage is a variable rate home loan secured by a mortgage over your owner-occupied property. You borrow against a portion of the equity you have in your home, while still enjoying all the benefits of living there. To be eligible, all applicants must be 65 years or older and must own the home outright.

During the term of the loan, all interest charges and other fees and charges are added each month to the balance owing on the loan. This is know as ‘loan capitalisation’, which means that you pay interest on interest, and the outstanding loan balance increases over time.

Repayment of the total loan amount is deferred until the property is sold, or the borrowers are no longer living in the house, or all borrowers are deceased. When one of these events occurs, the loan amount must then be repaid in full. If you wish however, you may make payments on the loan at any time.

Age of youngest applicant (for two or more applicants) is between 65 to 69 years

• Minimum loan is $10,000.
• Maximum loan is amount is $80,000 or 15% of the value of your property, whichever is lower.

Age of youngest applicant is 70 years or more

• Minimum loan amount is $10,000.
• Maximum loan amount is $100,000 or 20% of the value of your property, whichever is lower.

You may use the loan for any or all of the following:

• Travel & Holidays
• Lifestyle
• Medical expenses
• Early inheritance for children
• Educational expenses for your grandchildren
• Investment
• New car, caravan or boat
• Home improvement
• Income stream
• Cash for daily living or emergency use