For First Home Buyers

As a first home buyer you may be wondering how it all works! We help first home buyers every day to achieve their dreams. Quite often the banks offer first home buyers concessions on rates and fees, to help them get their foot in the door. We can help you decide which of these offers is going to best for you. We also give you a full costing guide so you know what government and legal costs you will have. We even lodge your First Home Owners Grant for you with the chosen bank. Call us today if you are in the market for your first home, we're as excited as you are.

100% Home Loans

Available to First Home Buyers and Investors alike. Some first home buyers find it difficult to get into the market because saving a deposit is so difficult when there is already rent to pay. The 100% home loan is a solution offered where for First Home Buyers, the First Home Owners grant will cover the additional costs on top of the house purchase. Of course there is a fee for this product, but it's a once off fee and with some banks you can get the same great rates as normal loans. For the astute investor who does not want to encumber their own home, this can be a good product to enhance your property portfolio.

For Investors

Investors typically have more complex loan structuring requirements. They need to split their loans into those which are tax deductible and those that aren't. They also typically have a higher debt figure and are therefore entitled to bigger discounts and better packages that can save them on fees. Investors may also find value in bank packages that offer business loans that are residentially secured at residential rates. We can offer you a loan structuring proposal for your investment needs.

Land And Construction Loans

Thinking of buying land and building your own? Construction loans generally finance your land, and then based on 5 draw-downs, fund your homes construction with your builder. Owner builder loans are also available but you will need to meet your owner builders licensing requirements for the state you are building in. Although they can seem daunting at first, we will explain the whole process to you and assist you with funding the loan from day one, until your home is complete and you are ready to move in.

Bridging Finance

Found the ideal home to upgrade to, but haven't sold your own yet? Bridging finance is the answer. Bridging finance allows you to buy and move in to your new home, while your old home is still on the market. Bridging finance typically allows you 6 months (and 12 in some cases) to sell your old home. Repayments are made on the new mortgage, but repayments on the old mortgage are not required, instead, the interest is just added to the loan, and is paid out when you sell the property. It's cheaper to sell the property as soon as you can but bridging finance can be a great solution so you don't miss out on the right house.

Lo Doc Or No Doc Loans

For the self-employed whose tax returns and paperwork are not available, we can offer an easy solution to documenting your income. The banks introduced a product called "Lo Doc" loans, meaning that you simply sign a declaration and state your gross income. The rates on Lo Doc loans can be almost as good as standard loans too, we will quote you on any applicable fees associated with this product. There is also "No Doc" loans, which don't require a declaration of income, simply a declaration of your ability to repay the loan. Policies, rates and fees do differ greatly from lender to lender, so if you are self-employed without financials using our brokerage service to identify the best solution is priceless. Call us for more details today.

Top Up Loans, Loan Increases

Want to buy a car, go on a holiday, renovate or access equity in your home? Top up loans can be offered for nearly any worthwhile purpose. If you have enough equity in your home you can potentially access this as an additional loan, or a top up to your current loan. Speak to one of our consultants today to see if you would qualify for this.

Reverse Mortgages

Reverse mortgages are available for applicants with a minimum age of 60. Reverse mortgages are named as such because instead of the mortgage getting smaller, the mortgage increases in size as time goes on, because you never have to pay it back until the property is sold. Reverse mortgages provide an excellent solution to the asset rich and cash poor situation arising for our senior community. Independent information relating to reverse mortgages can be found through SEQUAL, the Senior Australians Equity Release Association of Lenders. We only deal with SEQUAL accredited lenders. Visit www.sequal.com.au for more information and contact us if you would like to know what reverse mortgages you qualify for.

Commercial Loans

We are accredited to offer you commercial lending should you require a purchase of a business premises or investment. Commercial lending is available for lo doc applicants, and a variety of product types are available. Please speak to John at the Cairns Home Loans office should you require further information.

Equipment Finance

Equipment finance can be arranged for just about any business item provided it can be itemized. We can finance anything from your sheep to your staff’s novated leases. Talk to us today for everything from small ticket items to chattel mortgages, and we’ll obtain a competitive quote and terms that suit you. For those of you in tourism or other seasonal industries we can structure repayments to suit your business’s busy periods also.

Non Resident Or Foreign Investor Home Loans

In general if you are not a Permanent Resident of Australia, you will require Foreign Investment Review Board approval to purchase a home in Australia. We do not provide direct assistance in this area but can recommend solicitors who can help with your application to the FIRB and advise you on what properties you are allowed to purchase in Australia. As a general rule you will require 20% deposit on the price of the property plus enough cash to cover costs. We are experienced in assisting overseas applicants with their finance applications and can arrange your whole loan for you via phone, fax, post and email. For non-residents presently in Australia we can get the ball rolling for you whilst you are in the country and then manage the process for you once you have to leave back home. With some of our lenders we can arrange finance for you in foreign currencies, this is dependent on which country you are in and what currency you earn an income in like EUR, USD or GBP for example.

Resort Finance