1. Standard Variable Loan
2. Basic Variable Loan
3. Introductory (Honeymoon) Rate Loan
4. Fixed Rate Loan
5. Bridging Loan
6. Line of Credit
7. Credit Impaired Loans
8. Low-Doc Loans
9. Refianancing
10. Commercial Mortgages
11. Second Mortgages
12. Car Loans/ Equipment Leasing
13. Personal Loans

Standard Variable Loan

A standard variable loan offers the customer freedom of choice with complete repayment flexibility and a full range of features. The interest rate on these types of loans fluctuates (up or down) as interest rates change in our financial markets.
You also have the option of taking them over a maximum of 30 years but you can opt to repay your loan in full within a shorter period of time without attracting additional penalty charges. It should also be noted that clients can make as many additional payments to their standard variable loan as they wish.
There are additional benefits associated with a standard variable loan, the below list highlights just some of the key points:-

1. Flexibility to choose between interest only repayments or principal and interest repayments.
2. Redraw facility is available and you can utilize this option to redraw payments already made in advance.
3. You can have a partial or 100% interest offset facility attached to your loan when the loan includes repayments for principal and interest. Interest offset is not available on interest only loans
4. Principal reduction may be made at any time without attracting additional fees.

It is important to note that lenders may have other associated costs to cover administration fees. Our consultants can compare these facilities and ensure that the appropriate loan structure is put in place to help you achieve your financial needs.

Basic Variable Loan

Basic variable rate loans are sometimes referred to as the 'no frills' alternative to the standard variable rate loans. The interest rate is lower then a standard variable loan, making them attractive to the budget conscious borrower wanting a lower variable rate but with fewer features. These loans normally have no ongoing fees associated with it.

Introductory (Honeymoon)

An Introductory variable rate loan generally offer's a guaranteed low rate for an initial period of time (usually 12 months) after which most interest rates will revert to the Standard Variable Rate. An Introductory Loan is attractive for the borrower wishing for to take advantage of the honeymoon period before taking up the features and advantages of a Standard Variable Rate Loan.

Fixed Rate Loan

Fixed rate loans are funds lent over a set term at a set interest rate. This gives the borrower the certainty of knowing exactly what their monthly repayments will be should their circumstances change. Some lenders may impose early repayment penalities if you make a lump sum reduction to your loan or you pay the loan out in full. However, a fixed rate loan is ideal in a rising interest rate market as this guarantees you of your interest rate and repayments for a set time.

Bridging Loan

A Bridging Loan is available to borrowers who wish to purchase a new home now and sell your current home later. These loans are especially helpful to 'bridge' the gap between the sale of one property and the purchase of another. The interest rate on a Bridging Home Loan is usually the same as a Standard Variable Rate Loan. A Bridging Loan ensures that the borrower will not miss out on a desired property because they haven't sold the current home.

Line of Credit

 A Line of Credit provides a borrower with access to the equity in their home or investment properties whenever they wish for any worthwhile purpose. It is similar to an overdraft facility in that funds can be withdrawn up to the original loan approved amount at anytime. The interest rate on a Line of Credit facility is usually a variable rate that fluctuates with the market. A borrower can generally access their Line of Credit via a Cheque Book, Credit Card, ATM, Phone and Internet. A Line of Credit provides a borrower with easy access to funds ensuring peace of mind in times of need.

Credit-Impaired Loans

At some point in the past, a borrower may have experienced difficulty in meeting their monthly commitments due to lack of work, suffered unexpected business losses or had a difference of opinion with a former credit provider. Unfortunately, in these cases the former credit provider may have lodged a payment default (or black mark) on their credit report with a credit recording agency. When applying for finance, a default lodged on a credit report may cause some frustration as a lender may not take an understanding view of the borrowers explanation surrounding the default.

Credit-Impaired Loans are designed especially to assist a borrower in these circumstances. Usually these loans incur an extra interest rate margin and possibly extra fees and charges.

Low Document Loans

A Low Documentation (or No documentation) loans are designed for the self-employed or small company borrower whose financial statements may not be available for many different reasons (eg Accountant hasn't completed their financials). The borrower must have a sizeable deposit or equity in existing real estate property. Generally, most lenders lend a maximum of 80% of the property value with mortgage insurance applying above 60%.

These loans are usually a variable rate and offer most of the features and benefits attached to the lender's standard variable rate loan product. A Low document loan can be just as competitive as mainstream lenders, however they provide less hassle as the borrower doesn't have to provide the usual lender income documentation.

Refinancing

Mortgage refinancing is a process of renegotiating your original mortgage agreement.
With the lending sector constantly changing and lenders constantly enhancing their products to attract new customers, existing customers are left behind, often with products that are no longer as well placed in the market as they once were. It is always important to keep an eye on how your mortgage stacks up against current market leaders and having a mortgage broker can simplify this for you.
While there are inherent costs in altering your existing mortgage you must compare these to the savings made over the entire term of your loan.

Commercial Mortgages

A commercial mortgage is similar to a regular residential loan except that the loan is applied to a purchase of commercial property. Commercial property generally include retail shops or offices, warehouses and factory units.
Commercial mortgages are handled the same way as regular residential mortgages in that lenders want to ensure that their money will be making them more money. They will want to certify that the property being targeted is worth their investment and that the borrower’s credentials are trustworthy.
If you are looking to acquire a commercial mortgage the first thing to do is put together a package detailing the potential of the property your want to buy.
If possible you should do a little market research that demonstrates the property’s main selling points such as: if it is in a high traffic area, if it is easily accessible, etc… any feature that will make it more attractive in the eyes of a lender, whose main goal is to know that he or she will not lose money on this deal.
Finding the right lender is the next step and that is where we come in. We do more than just find the right lender for their clients; we also offer support, information and advice. Commercial property can be a great investment if well located and properly managed.

Second Mortgages

A second mortgage is an additional loan on a property. Second mortgages usually carry a higher interest charge as the first mortgage carries first priority in the case of default.

Product Features

1. Interest Only Loans
2. 100% Mortgage Offset Accounts
3. Redraw Facility
4. Split Loans

Interest Only Loans

An Interest Only Repayment Facility is usually available on Investment Loans. The interest is calculated on the original borrowed amount and requires no principal reduction. An ideal borrower is an Investor looking to maximise his tax & negative gearing benefits by simply paying the interest on the loan.

100% Mortgage Offset Accounts

A Mortgage Offset Account gives you all the features of a normal transaction account, but instead of earning interest, you can use the account balance to offset the interest charged on a the home loan. Any money you put into the offset account is deducted from your home loan balance before the interest is charged. A great way for a borrower to use their savings to reduce the interest charged on their home loan.

Redraw Facility

When a borrower pays extra or additional repayment on their home loan they have the ability to redraw or withdraw the extra repayments that they are in advance. A Redraw Facility works similar to an, 'all-in-one' facility. The borrower deposits all of your income and savings into the loan and then they can withdraw the money from the home loan account for all your day-to-day expenses.

Another excellent way to save interest on your home loan is to make your day-to-day purchases on an Interest Free Credit card and 'redraw' the full balance of the card at the end of the interest free period to pay the card off in full.

Split Loans

A split loan is ideal for a borrower who wishes to have two loan products rather than one. An example is a borrower who wants to take advantage of a fixed rate loan products in combination with a variable rate loan product. The borrower can fix in portion of their loan to provide stability of interest rate and repayment but still allowing themselves the flexibility to make additional and lump sum repayments on the variable portion of the loan.