To summarise just a few loans types which are most commonly utilised. Use the list of loan types below that would give you a better understanding of them. We would advise to speak to a specialist to identify which product would suit your needs best.
Variable rate home loans
A variable home loan interest rate moves up and down with market interest rates.
Fixed rate home loans (options to fix rate 2yr, 3yr or 5 yr)
Enjoy the security of a fixed interest rate home loan. If you choose to fix your interest rate, it will not change during the fixed rate period and your repayments will remain the same.
Line of credit
Popular for those expecting to need funds for investing or renovating – draw down the money as you need it.
Lo Doc home loans
Less paperwork, less financials required – commonly used for self-employed borrowers.
Construction & vacant land loans
On construction loans your builder will be paid in stages during the construction process and your loan balance will increase accordingly.
Non-genuine savings loans
These loans are designed for those with less equity or deposit, and who may not have genuine savings to contribute.
Self-Managed Super Fund loans
Allows established SMSFs to borrow funds for the purchase or refinance of residential investment properties