Standard Home Loans

There are a multitude of standard products within the market place whether that is a Standard Variable loan, Fixed Rate loan, Line of Credit loan, Interest only Loan, Bridging loan or perhaps an Interest in Advance Loan some of which allow you to borrow up to 97% of the properties value. Some lenders will waive genuine savings for first home owners if a gift or pledge from a family member can be provided.

Generally we look at what specials are available, in so far, that a lot of lenders will now provide significant discounts off the standard delivery rates. The discounts applied are based on the total amount borrowed.

It is then prudent once we have selected the lenders to be approached, to see if your loan scenario will actually fit their lending criteria. Generally it’s then a matter of discarding the lenders that do not suit your needs until we find the one that is suitable.

If you are not borrowing enough to receive any discounts you will need to consider whether or not a fully featured home loan is your best fit and look at some of the basic loan facility that do not provide the bells and whistles, that is, for the rate sensitive borrower.