Home Loans | Mortgage | Fixed Rate | Split Rate | Variable Rate | Interest Only

Definition: Mortgage - A loan secured by the collateral of some specified real estate property that the borrower is obliged to pay back with predetermined set of payments.

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There are numerous types of home loans and mortgage products available on the market today. These are known by various names from various lenders. Rent Lease Group will match the right home loan to suit your individual finance requirements. At Rent Lease Group, we endeavour to put you in charge of your own destiny and dream – YOUR HOME.

Don’t waste time running from bank to bank when our experienced mortgage consultants can bring the home loan market to you. Whether you are purchasing a new home, investing or simply looking at your refinancing options we’ll help you sort through the myriad of products to find a home loan solution for your needs.

Comparing hundreds of great loan options from over 40 lenders, our aim is simply to save you time, stress, and wherever possible, money.

Features of each type of loan are listed below as a guide for you. Please contact Rent Lease Group and together we can discuss the best form of loan for your needs.

Standard Home Loan

	• Your interest rates are lower (for a limited time)
	• You have lower fees
	• You have limited or few features
	• You cannot make additional repayments
	• This loan is only available only to owner occupiers

Fixed Rate Home Loan

	• Your monthly repayments will never change
	• Your interest rate is fixed
	• You need to be careful as some lenders charge large exit fees
	• You are limited in the features and flexibility of the loan
	• Your redraw options are limited

Variable Rate Home Loan

	• You have much more repayment flexibility
	• You have the option to make additional repayments
	• You may have a redraw facility if required
	• You can split the loan to different loan options
	• You may have portability
	• You may have the option to choose a line of credit

Split Rate Home Loan

	• You can pick features of various loans
	• You can have 50% fixed loan and 50% variable loan
	• You can have different repayment options for each part of the loan
	• You can use the equity to purchase more property or enjoy a holiday or pay off your credit card debts

Interest Only Home Loan

	• You should have lower repayments
	• Your loan will be spread over two and five years
	• You will have to repay the full amount of the loan at the end of the loan term

Lo Doc Home Loan

	• You will have less paperwork
	• You can only borrow up to 80 per cent of property value
	• Generally interest rates are higher
	• You may qualify for a reduction in interest rates if you are able to supply tax returns
	• This method is generally utilised by self employed or business people
	• You may require mortgage insurance

Homeloans Consultant

Daryl Borden B. Ec.

MFAA Accredited Mortgage Consultant No.16703

If you would like more information please call Rent Lease Group now on 1300 309 806 or CLICK HERE and a representative will call you as soon as possible.