With over 65 years of local history Home Loans Wollongong are an entrenched part of the Illawarra. With a reputation of providing great home loans at the best interest rates Home Loans Wollongong continues to be the first choice for home buyers and property investors. It doesn’t take long to find out why we are so popular amongst home buyers.
Firstly our service is as good as it gets. A fully trained and qualified home loan manager will come to your home or office at a time that suits you. Our home loan manager will listen to your requirements and advise you of the appropriate home or investment loan.
All you need do is call 1300 730 672 or contact us online and we will do the rest.
Types of Home Loans include:
First Home
Buying your first home doesn’t need to be daunting, with Home Loans Wollongong we can guide you through the process with ease, helping you move in sooner with minimal fuss.
Second Home Buyer
Buying your next home is easy with Home Loans Wollongong. With a range of flexible home loan products to suit every need, a Wollongong Home Loan offers each customer the best solution whether you are looking to upgrade, downsize or have a change of scenery. All you need to do is start packing.
Construction Loan
Build your dream home with a Construction loan that uses the funds to build a new dwelling or property and generally involves draw down payments where you receive the funds in instalments after a body of construction work is complete (ie, foundations have been laid). Click HERE for some great value local house land packages.
Refinancing Your Current Loan
With a range of options in the current Australian home loan market comparing them all can be quite daunting. I can help you find a new direction and reduce your home loan with minimal fuss.
Renovation / Home Improvement Loan
Fancy yourself as a master renovator? Or looking to start construction or your dream home? Whatever your building or renovating needs Home Loans Wollongong has the product for you.
Investment Loan
Whether you are looking to purchase your first investment property or adding to your established investment portfolio, Home Loans Wollongong have a product for you.
Whatever you’re looking for Home Loans Wollongong has a solution. Our home loans are the perfect fit for buying your first or that next dream home, constructing a property, refinancing, purchasing an investment property or if you are just looking at consolidating your loans.
Below is a list and brief description of the various types of loans available which may assist you in picking a loan that is right for you.
Fixed Rate Home Loans
A Fixed interest rate home loan is usually taken out for an agreed period of time between 1 and 10 years and when this ends you have the choice of fixing the rate again or switching to a variable interest rate. Your repayments will remain constant during the fixed term, regardless of any interest rate changes.
Variable Rate Home Loans
Variable interest rate home loan is subject to changes in interest rates and the amount of your home loan repayment. If the interest rate rises or declines your repayment will follow.
Split Home Loans
A Split loan allows you to have a portion of your home loan with a fixed interest rate and the remaining portion with a variable interest rate. You have the option of selecting the percentage you would like fixed and variable, as long as the minimum fixed amount is covered, as per the individual home loan requirements.
Interest Only Home Loans
The interest portion of your home loan is paid each month whilst the principal remains at the full balance. The Interest Only period of the home loan is available for up to 10 years and may be extended upon application. After this time the home loan will revert to a principal and interest arrangement allowing the home loan to be paid in full.
Line of Credit Home Loans
A Line of Credit allows you to borrow money up to a specified limit. The funds will be made available to you and you access them as required. A line of credit, generally arranged before the funds are actually required, provides flexibility for the customer in that it ensures the ability to meet short-term cash needs as they arise.
Low Doc Home Loans
A Low Doc home loan is short for a low documentation home loan and is suitable for the self-employed or people who are unable to provide full financial statements and other evidence of their income.
Construction Home Loans
A Construction loan uses the funds to build a new dwelling or property and generally involves draw down payments where you receive the funds in instalments after a body of construction work is complete (i.e., foundations have been laid).
Bridging Home Loans
A Bridging loan is a type of short-term loan typically used when in the process of selling one property and purchasing the next or when waiting for the arrangement of longer term finance.