Residential and Investment Mortgages & Home Loans

Residential Mortgages & Home Loans

Home loans for residential purposes are the most common type of home loan available as this is area where the majority of home loans are provided.

There are a number of home loan options which fall under the residential home loan banner and we have listed some of these home loans below for you:

As you can see there is a wide variety of home loans to choose from and the home loan you choose will depend on your individual needs and circumstances.

Many people are now choosing fixed interest rate home loans as the home loan market has been fluctuating over recent years and this option provides you with interest rate and home loan repayment stability.

The most common home loan term is 30yrs although there are some home loan providers who allow home loan terms up to 40yrs and this helps lower the monthly home loan repayment.

AussieWise Finance Group have access to all the major home loan providers and in total have over 40 home loan providers on our home loan lending panel to choose from so why not contact us and speak to one of our home loan consultants about your residential home loan options.

For more information on Residential Mortgages & Home Loans please follow this link.

No Deposit Home Loans Up to 106%
Pro Pack Home Loans
Low Doc Home Loans
Construction Home Loans
Investment Home Loans
Regulated Home Loans
Unregulated Home Loans
Line of Credit Home Loans
Credit Impaired Home Loans
No Doc Home Loans
Non-Resident Home Loans
Fixed Rate Home Loans (1 to 15yrs)
Standard Variable Home Loans

No Deposit Mortgages & Home Loans up to 106%

The 106% no deposit home loan is a popular way to enter the housing market or for investment purposes.

AussieWise Finance Group are expert in the area of 106% no deposit home loans and have helped many people get into their home with the 106% no deposit home loan.

What the 106% no deposit home loan provides is the ability to absorb the majority of costs of purchase and in some cases can absorb the entire amount into the home loan and leave you with no out of pocket expense.

Let’s take a look at some of the benefits of the 106% No Deposit Home Loan:

Many of our clients have seen the benefit of using the 106% no deposit home loan to purchase their own home or an investment property.

To find out more about the unique 106% no deposit home loan just contact us and have a chat to one of our home loan specialists who will assist. 

For more information on No Deposit Mortgages & Home Loans please follow this link.

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Pro Pack Mortgages & Home Loans

Home loans which are classified as Pro Pack home loans are a reward from home loan lenders to clients who fit certain criteria.

The rewards for a pro pack home loan can be things like a discounted home loan interest rate or no fees on the home loan, along with these rewards there are other rewards which pro pack home loan providers can offer and we have highlighted some of these below:

Now let’s take a look at the criteria which some of the pro pack home loan providers look for, remember that each home loan provider has different qualification levels for their pro pack home loans so we have highlighted the most common for your reference below:

As you can see it is not too difficult to qualify for a pro pack home loan so to find out more about the features and benefits of these home loans simply contact us and a home loan specialist will answer your questions and provide you with suitable pro pack home loan options.

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Low Doc Mortgages & Home Loans

Home loans which are known as low doc home loans are specifically tailored for the self employed applicant who is unable to show income via traditional means.

There has been an expansion in the low doc home loan market and this has seen some very competitive home loan interest rates and product structures introduced. 

The income which is stated in a low doc home loan is placed in the income declaration section where the applicant states their income; this amount is then used by the low doc home loan provider to assess the applicant’s ability to repay the proposed home loan.

As mentioned there are a number of low doc home loans which suit different needs, let’s take a look at some of the low doc home loans we have available:

There are a variety of low doc home loans and we have access to over 40 home loan providers who offer low doc home loans so contact us and speak with one of our home loan specialists to find out which low doc home loan suits your needs best.

For more information on Low Doc Mortgages & Home Loans please follow this link.

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Construction Mortgages & Home Loans

Home loans for construction come in many shapes and sizes and can cater for a variety of clients.  Building your own home by way of a construction home loan is becoming a more popular option for people due to stamp duty savings and the ability to choose your own style of home.

There are different types of home loans available to suit different types of clients and we have listed them for you below:

When it comes to construction home loans there are generally three main types available and they are:

To learn more about the above home loan types simply contact us and speak to one of our home loan specialists.

Construction Home Loans for Fixed Price Building Contracts

Home loans for construction with fixed price building contract are preferred by home loan providers as there is certainty in the price of the construction. 

A fixed price building contract also provides confidence in the home loan provider’s point of view as the construction will be undertaken by a licensed builder and will be constructed to a plan and specific timeframes.

Construction Home Loans for House and Land Packages

Home loans for house and land package deals are also quite common and are a popular way for first home owners to enter the market.

Again this is a preferred type of home loan as there is certainty in the price of the home and the construction phase has a specific date for completion.

House and land package home loans are easy to obtain and we also have a unique home loan which is the 106% home loan.

What the 106% home loan provides is the full purchase price plus a further 6% to cover associated costs of the purchase and we have helped hundreds of clients get into their own home by using this unique home loan.

Why not contact us and have a chat to our home loan specialists about which home loan options are available to you for a house and land package.

Construction Home Loans for Owner Builders

Owner builder home loans are available for those who wish to construct their own home.

You may have some skills in building or know contractors who could perform work for you at a discounted rate so the potential to save thousands is very much a reality.

Traditionally home loan providers have strict limitations on owner builder home loans as they deem them to be of higher risk as costs may blow out as could the construction timeframe.

Having said that we do have a solution for the owner builder market and can offer home loans which can extend to 80% of the end value of the property so why not contact us to find out more about this great home loan option for owner builders.

For more information on Construction Mortgages & Home Loans please follow this link.

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Investment Mortgages & Home Loans

Investment home loans are now commonplace in the home loan market and are tailored for investors looking to create wealth through property investing.

Investment home loans are generally interest only as this allows you to maximise your tax benefit and allow capital growth to occur. 

There are a range of investment home loans available which range from traditional investment home loans of up to 95% LVR right through to investment home loans which offer up to 106% of the purchase price.

We have found that the 106% investment home loan is a home loan option which is often chosen as it allows the investor to free up cash flow by minimising the out of pocket expenses.

Let’s take a look at some benefits of using an investment home loan to generate wealth in the long term, some of the benefits are:

Investment home loans are a great vehicle for investors to create wealth through property and there are multitudes of investment home loan options available so why not contact us and have a chat to an investment home loan specialist who will help you find the most appropriate investment home loan solution for your needs.

For more information on Investment Mortgages & Home Loans please follow this link.

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Regulated Mortgages & Home Loans

A regulated home loan is simply a home loan which is governed by the UCCC for the life of the home loan and is specifically for home loans which are used for owner occupied purposes.

The UCCC ensures that borrowers for home loans which are for personal purposes are provided with regular statements and documentation with regard interest rate rises and so on.

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Unregulated Mortgages & Home Loans

Conversely, unregulated home loans are home loans which are used for investment purposes.  This applies to any home loan where more than 50% of the home loan amount will be used for investment or business purposes.

For example a home loan which is on your owner occupied property and owes 100k on the personal home loan component but owes 150k on a home loan split for investment purposes is deemed as an unregulated home loan.

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Line of Credit Mortgages & Home Loans

A line of credit on your home loan is a great way to combine all of your finances under the one home loan structure.

What this provides you are two things, the home loan can be paid off sooner as all of your interest earned from a savings account attached to your home loan offset the interest repayments on your home loan and your income also lowers the amount owing on the home loan leading up to the next home loan repayment. 

You are also able to draw on the funds available within the line of credit home loan (up to the nominated limit) to make purchases, invest, renovate or a raft of other options which you see the need for.

There is so much more to a line of credit home loan so why not contact us and have one of our home loan specialists run you through the benefits of a line of credit home loan.

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Credit Impaired Mortgages & Home Loans

Having a credit impairment does not mean that you are unable to obtain a home loan, there are a number of reasons that you may have a blemish on your credit file and traditional home loan providers often turn the other way.

This is where credit impaired home loans can help you, whether you have a small default with a phone provider or you are a discharged bankrupt. 

Some of the purposes which credit impaired home loans can be used are:

There are a number of purposes that a credit impaired home loan can be used for and we have several home loan providers who offer credit impaired home loans.

The main reason that credit impaired home loan providers offer these home loans is to get the client back on track with their finances with a view to move the home loan facility into mainstream home loans once this history is cleared up.

This is where AussieWise stays in touch and ensures you restructure your home loan as soon as is practicable so you achieve a more competitive interest rate for the long term.

Credit Impaired or specialist home loans are not limited to assisting people with a credit blemish, these home loans can also offer an opportunity to others who do not quite meet the needs of a mainstream home loan provider. 

Who else can specialist home loans suit?

Credit impaired home loans can also be used by self employed applicants who require a low doc home loan so again these specialist home loans can cater for a variety of needs and circumstances.

Contact us to find out more about credit impaired home loans and our home loan specialist will assist.

For more information on Credit Impaired Mortgages & Home Loans please follow this link.

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No Doc Mortgages & Home Loans

Home loans which are known as no doc home loans differ from low doc home loans in the respect that a no doc home loan does not require asset and liability information and also relies on a declaration of affordability versus and income declaration.

Generally no doc home loans extend up to 75% of the purchase price and in some cases up to 80% of the purchase price, these limitations are in place as there in a minimal amount of information that the no doc home loan provider relies on to assess serviceability.

We have access to a number of no doc home loan providers so why not contact us and have a chat to a home loan specialist who can help you with your no doc home loan needs.

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Non-Resident Mortgages & Home Loans

Home Loans for non-residents are available through AussieWise Finance Group and we are experienced at assisting non-residents in obtaining home loan finance for purchasing a property in Australia.

The FIRB are the governing body who determine the suitability of non-residents application for purchasing property is Australia and also legislate the home loan providers with regard the home loan parameters which are required to non-resident home loans.

Some of the legislation in place which governs the home loan parameters for non-residents are that the home loan provider will provide up to 80% of the purchase price and no more and there are home loan size limits regarding non-resident students who wish to purchase property in Australia. 

Some of the other guidelines are that an approval from the FIRB must be sought with all non-resident purchases and all contracts of sale must not a subject to FIRB clause of 30 days as this is the general time it takes to obtain FIRB approval once the application forms are submitted.

There is more information on the FIRB available through this link: www.firb.gov.au and when it comes to non-resident home loans just contact us and ask for the non-resident home loans consultant who can help you understand more home loan information specific to non-residents.

For more information on Overseas Residential Mortgages & Home Loans please follow this link.

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Fixed Rate Mortgages & Home Loans

Fixed interest rates for home loans are a great way to ensure your home loan repayment stability over a specified time period.

Fixed rate home loans vary from 1yr through to 15yr terms and the choice of home loan term is up to you, more recently there have been some home loan interest rate increases and this has meant that more and more people are choosing a fixed rate home loan.

Even though a fixed rate home loan provides you with home loan repayment stability there is still some degree of flexibility within the fixed home loan structure itself.  What this means is that you are still able to do the below depending on the home loan provider chosen:

Once the fixed rate home loan term has lapsed the home loan reverts to the standard variable home loan rate at the time, this doesn’t mean you cannot fix the rate again and it’s as simple as re-applying for a fixed rate home loan again with the same or another home loan lender.

Why not contact us and find out what your fixed interest home loan options are and one of our home loan specialists will be happy to help.

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Standard Variable Mortgages & Home Loans

Home loans which are have an interest rate which is standard variable are the most common in the home loan market as there is the widest variety of these home loans on offer with a broad range of home loan structures and types to suit all needs.

Here are just some of the types of home loans which can fall under a standard variable interest rate banner:

Standard Variable Home Loans also offer a great deal of flexibility in a sense that you can have additional features which may not be available on fixed rate home loans for example such as:

With so many home loans on offer in the standard variable space why not contact us and speak to one of our home loan consultants who can help guide you towards the most appropriate home loan for your individual needs.

For more information on Standard Variable Mortgages & Home Loans please follow this link.

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