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Talking home loans is what we do best. So why not contact Fastlink Finance to find out some helpful information to assist you with finding the right home loan for you.
Standard Variable Rate Home Loan
Benefit from flexible features such as unlimited additional repayments, allowing you to pay off your loan faster and better your position.
Fixed Rate Home Loan
Enjoy the assurance of knowing exactly what your repayments will be with the ability to fix your interest rate for a set period of time.
Part Variable / Part Fixed
Achieve the benefits of both flexibility and certainty with a combination home loan. Nominate one part of your home loan to be fixed while the remainder is variable.
Principal & Interest
Making principal and interest (P&I) repayments, helps to reduce the principal (or 'capital'), as well as the interest charged on your home loan.
Interest Only Loan
On the interest-only (IO) loan, you only pay the interest set by the lender, which means you do not pay off any of the principle/capital of the loan.
Offset
Pay off your property faster with a home loan offset account that provides you with at call access to your funds, while allowing 100% offset against your loan.
Redraw Facility
This facility is a feature attached to a home loan whereby account holders can withdraw money they have already paid to their loan. The balance of this facility consists of whatever extra payments the borrower has already made towards paying off their loan.
Top-Up Facility
A top up mortgage is a type of feature that allows homeowners to access the equity in their property, without having to sell. This equity can then be used to fund a wide rage of needs.
Extra Repayments
Pay off your loan or contribute extra payments towards your mortgage without a penalty. Conditions can sometimes apply.
Maximum Term
Can be up to 30 years at most banks. Conditions apply.
Cross Security
Cross securitisation is defined as a loan that is reliant upon more than one property for security (i.e. two or more properties securing one loan).
Land Loan
A land loan is a loan used for the purchase of vacant land that may later be intended for future construction activities. It could be a way to secure a block of land on which to build your dream home, or a way to diversify your investment portfolio.
Family and Spousal Guarantor Loan
Guarantor support is available to assist customers obtain a home loan when they are unable to provide adequate security by themselves and/or they may lack the income to support their desired loan. This may also help to reduce or eliminate Lenders Mortgage Insurance (LMI).
Interest In Advance
Interest only in advance is a repayment option that typically involves a fixed rate loan which attracts an additional interest rate discount as you pay the interest in advance (up front). This can have taxation benefits as well as the benefit of the reduced rate. Clients are encouraged to seek their accountant's advice around any tax benefits.
Low Doc Loan
A loan primarily for self-employed applicants. The benefit of a low doc loan is that you will not be required to provide the same level of documentation to prove your income as you would for a full documentation loan. Please note that a higher deposit is required.
Bridging Loan
Provides short term funding during the process of buying and selling properties. Sufficient equity is required.
Construction Loan
When making the decision to build as opposed to buying an established property, you are also making the decision to opt for a different loan structure. A construction loan most commonly has a progressive drawn-down. That is, you draw down the loan (or increase your borrowing) as needed to pay for the construction progress payments. A construction loan will usually be interest- only over the construction term. The amount available to borrow will be in part based on the value of the property upon completion of the construction.
Equity Loans (Line of Credit)
Allows you a revolving line of credit with the only repayments required being the interest charges. You can use the loan for a variety of purposes, make principle repayments when you please and then reuse any funds not yet used or funds you have repaid.
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Talking home loans is what we do best. Contact our friendly team today and let us assist you to find the right home loan for your needs.