At Vantage Bay Conveyancing & Financial Services, our objective is to make your buying and selling experience easy!

HOME LOANS

With over 30 lenders and 800 mortgage products we have to offer you we will ensure that we provide you the best deal on the market to suit your finance needs. Our finance brokers are trained to ensure that by assessing your financial circumstances they are able to provide you the best mortgage products on the market.

Whether you are looking for a Standard variable loan, Basic variable loans, Fixed loans, Introductory rate loans Honeymoon rate loans, Bridging loans, Reverse mortgage loans, No deposit loans, Debt consolidation loans, Bad credit loans, Deposit bonds, Professional pack loans, Construction loans, Split loans, Equity loans, Investment loans or Refinancing our finance brokers can help you choose the correct home loan for you.

We can also determine how much you can borrow, by assessing your income, liabilities and finance situation and provide you with a loan to suit your needs.

Standard Variable Loans
For a home loan that is flexible with allowing you the benefit of extra features, then you cannot afford to disregard a Standard Variable Home Loan.

Standard Variable loans are the most popular product as they are flexible, they can allow you to make extra repayments, redraw funds or even split your loan. Interest rates with a standard variable product is subject to rises and falls depending on the rates provided by the Reserve Bank of Australia.

The benefit of Standard variable loans is that if the interest rates fall so does your rate. However, if they rise so does the variable rate which will increase your mortgage repayments.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Basic Variable Loans
Basic Variable loans are usually the cheapest rates on the market. They usually offer no application fees, no ongoing fees and a cheaper interest rate than say a standard variable but do not offer the features of say what a fixed loan would. They are a usually a standard variable rate but at a discounted interest rate.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Fixed Loans
Fixed loans are idea when interest rates are on the rise. With fixed rates whatever the interest rate is at the time you apply for your loan (note rate lock fee might apply), the interest rate is fixed for the term you choose. So say if you choose to have a 3 year fixed product at 7%, your interest rate will not either rise or fall for that whole 3 year period.

This is quite useful for clients that wish to have a set repayment for a certain period without any fluctuations. However, there is a downside to fixed rates. You are usually limited to extra repayments you are able to make on your home loan as well as if there is a fall in interest rates you have to remain on your fixed rate until the period ends. On the positive side, if interest rates rise you would be better off selecting a fixed mortgage product.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Introductory / Honeymoon Rate Loans
Introductory and honeymoon rate loans are ideal for people that want a discounted rate usually for a 12 month period. The lenders give a discounted rate this allows you to make extra repayments or save extra money during this introductory or honeymoon rate period.

This is ideal for first home buyers or clients who are only keeping properties for a short period of time. You are able to have standard variable or fixed rates for the introductory or honeymoon period.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Bridging Loans
Bridging loans are often used when a you are selling a property and in the process of purchasing another property. Bridging loans are always subject to you selling you property by a certain period of time as you would not be able to afford to pay the two loans.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Reverse Mortgage Loans
Reverse mortgage loans are for the elderly or retired that have equity in their current properties. Reverse mortgage loans are ideal when people are retired and want to use the equity in their property for living expenses if their pension is not enough for them to live on or perhaps for that long earned holiday.

Also you are able to have this product either for investment loans, owner occupied or land loans.

No Deposit Loans
No deposit loans are ideal for you if you do not have enough money for a deposit to purchase a property and only have enough to be able to provide savings for expenses such as stamp duty. No deposit loans are ideal for the First home buyer that has little savings but wants to get in the market and purchase a property.

With low doc loans you are able to have either standard variable loans, professional pack loans, fixed rate loans, equity loans or any other form of mortgage products.

Debt Consolidation Loans
Debt consolidation loans are ideal for you if you have multiple debt such as credit cards or personal loan and you want to consolidate them into one easy payment. Debt consolidation loans are often ideal and reduce repayments for you into one easy repayment per month or fortnight. You will require to have some equity in your property to do this.

Debt consolidation loans are ideal if you feeling that your repayment with your credit cards or personal loans are becoming too much for you to handle financially.

You are able to have either standard variable loans, professional pack loans, fixed rate loans, equity loans or any other form of mortgage products.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Bad Credit Loans
Bad credit loans are ideal for those who have either defaults or court judgements but still require a home loan. Bad credit loans do come at a higher interest rate depending on how bad you credit file is. Usually with bad credit loans the worse your defaults are the higher interest you will be charged.

You are able to have either standard variable loans, professional pack loans, fixed rate loans, equity loans or any other form of mortgage products.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Deposit Bonds
Deposit bonds are ideal for those who have a long settlement period for the purchase of their property or perhaps have their savings in a term deposit account. Deposit bonds are available for a small fee and are ideal for any circumstance when you a purchasing a property.

Professional Pack Loans
Professional pack loans are usually applicable when you earn a certain income or are borrowing a particular loan amount. Professional pack loans are often given a discount off the standard variable and you pay an annual fee to the lender. With Professional pack loans you are usually able to have credit cards with no annual fees or you are able to have multiple splits with your home loan. Also you are able to change products usually with no fee throughout your home loan.

You are able to have either standard variable loans, professional pack loans, fixed rate loans, equity loans or any other form of mortgage products.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Construction Loans
Construction loans are only used for construction purposes. Construction loans are always at the standard variable rates and are not able to be fixed. You are able to use this home loan product for the construction of up to and including 4 dwellings then it becomes a commercial loan.

Once the construction has been completed you are able to change the mortgage product to any product.

Split Loans
Split loans are ideal I you want to have a certain amount of you home loan fixed and another portion variable. Often with the professional packs they allow you to choose a certain amount of splits for you home loan a no extra charge. These are ideal if say for instance you would like to fix a certain amount that you know you require and then you want to have some funds available to you as an equity home loans product a split laon would be ideal.

You are able to have either standard variable loans, professional pack loans, fixed rate loans, equity loans or any other form of mortgage products.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Equity Loans
Equity loans or Line of Credit loans are home loans that allow you to be able to borrow equity that you have in your property. Equity loans are often used if you would like to use the funds for investment purposes, renovations or if you require some additional funds to consolidate debt.

Equity loans are ideal to have as a home loan or as a split product if you require extra funds for that emergency situation.

You are able to have either standard variable loans, professional pack loans, fixed rate loans, equity loans or any other form of mortgage products.

Also you are able to have this product either for investment loans, owner occupied or land loans.

Investment Loans
Investment loans or unregulated loans are purely used for purchasing of an investment property. Investment loans are fully tax deductible and must be declared as investment purpose otherwise you are unable to claim the bank expenses for the loan yo obtained.

Investment loans can also help you save on tax for those who are on a higher tax bracket and help you achieve multiple property purchases.

Refinancing
Refinancing is often done to seek a better interest rate or perhaps if you are fed up with your current lender. Refinancing is important to look at every 2 – 3 years of your current home loan to ensue that you are up to date with the best mortgage product available on the market.

Refinancing is also another good way for a finance broker to be able to assess your current financial situation and determine your goals for the future and help you achieve them. Refinancing can also help you save money and years off your current home loan.