Next Home Loans
Let us help you buy your next home or assist you in financing your renovations.
The Loan Process
This is the journey towards purchasing your new home. A simple breakdown of what to expect and how we will help you.
Your goals and needs
Once the above step has been completed, we'll meet in person or online to discuss your unique goals, financial position and the different approaches available to you when moving into your new home.
We will research over 60 banks and lenders to provide you with written recommendations on the loans that best fit your needs.
When you have made your decision, we will do the paperwork and package your application to send to your preferred lender for approval
It's time for settlement! We will let you know when everything is finalised and your lender has released the funds.
Loan Types and Features
Variable rate loan
This type of loan is subject to interest rate movements. The variable rate loan may be sensitive to rising interest rates but it can provide you with greater flexibility. These loans come with extra features such as unlimited additional repayments, redraw facilities and offset accounts.
Professional packages offer generous discounts on standard variable and fixed rates. They are bundles of banking products from the same lender and usually have a single annual fee. This type of loan caters for those who borrow large amounts of money and provides the opportunity to structure your debt.
Line of Credit Loan
Line of credit is a flexible loan option which provides easy access to a defined amount of cash as needed and can be repaid later.
Fixed rate loan
To put simply, this loan is the opposite of a variable rate loan. The interest rates are fixed for a period of time, offering you a sense of security and control over your finances.
A bridging loan is a short term loan (usually 12 months) which allows you to finalise the purchase of your new property before selling your existing one.
This is the loan for those who want to design and build a home to suit their lifestyle. It can also be used for major renovations. Construction loans give you access to money progressively to complete each stage of construction.
Part of your loan will be on a variable interest rate while the other part is fixed.
Interest only loan
As suggested by the name, interest only loans allow you to pay the interests charges on your loan for a short period of time. Your principle amount will remain unchanged.