Residential Loans
Confused as to which loan is the right one for you? With hundreds of options available to choose from, We will help you find the best loan suited to your needs.
- Owner Occupied
- Investment
- Refinancing
- First Home Owners
- Overseas Buyers
- Low-Doc Loans (Self-employed)
- Land Loans
- Construction Loans
Commercial Loans
Differences between Commercial loans and Residential loans:
- Loan to value ratio (LVR) – Commercial loans will go up to a maximum LVR of 75%, whereas Residential loans will go to 95% + Lenders Mortgage Insurance (LMI).
- LMI – Commercial loans do not get Mortgage Insured
- Interest rates – Commercial loans will attract a higher rate of interest
- Application fee / Establishment fee – Commercial loans will incur higher fee Structures
- Valuation costs – Valuation costs are paid by the borrower with Commercial loans, whereas Lenders will generally cover this cost with Residential loan Applications
- Features – Commercial loans do not come with any pro-pack benefits, therefore will not have access to offset accounts, free credit cards and transaction accounts
- Term of loan – Most Commercial loan Applications are for 15 years, compared to 30 years for a Residential loan
- Credit assessment – Commercial Applications are credit assessed over a 15 years loan term compared to 30 years for a Residential property.
Whether you are starting your business, looking to grow your business or managing day to day operations we have a solution to meet whatever part of the cycle your business is in.