Home Loan Services
First Home Owners
For someone who is buying a home for the first time, it can be quite a daunting exercise. Perhaps you have found the block of land and house you would really like to buy, but are not sure on the amount you can lend. Not knowing how the whole process works. What is required. Which questions to ask. Don’t despair because we understand, and we are here to walk with you, on your very first property purchase.
Living Home Loans has sorted through the lenders in this space, and we know all the special offers available to First Home Owners. We can point you in the right direction even if perhaps you need time to save more funds. A family guarantee may be an option, or it may be that government incentives will also assist you. You may be able to utilise your superannuation for savings, or there may be other options that you may not have considered.
Let us make it easy to achieve your dreams.
Often home owners can find themselves juggling to keep up with the monthly outgoings, however, due to a busy life (work, kids, activities etc.) don’t make time to review their ongoing mortgage costs. They can also be sitting on the potential to achieve passive income, or get the renovations they want with, at times, with no extra monthly outlay.
Living Home Loans specialises in refinancing and we can offer a range of solutions in restructuring or updating your home loan. We can look at the preferred products available, with consideration to consolidate some debts, and also to access equity in your existing property for a range of reasons. This may include renovations or an investment property purchase.
Your situation can look very different when reviewed by an expert, to improve your choices and financial future.
The ability to successfully build multiple property loans has become more challenging in recent times. The banks have increased their demands to “tighten our spending” and they have become tougher with their lending policies. People who have traditionally created passive income through investment properties have now had this avenue limited. The banks have put buffers on repayments and expenses. They have also reduced the percentages of rental income used to show income.
Living Home Loans utilises several lenders who have a broader, more relaxed view for lending to investors. Our brokers have consistently gained lending amounts well beyond what investors have been advised when going to ‘their’ bank. We welcome the chance to discuss and maximise these options with you.
Our innovative strategies have led to successful finance for investors in particular.
Construction lending is more complex than other housing loans. There will be more paperwork, progress payments and builders to negotiate with. It’s just not as straightforward as loving the house plans or visiting the home display centre and putting pen to paper. There are many decisions to make when planning what you want in your house, so the lending part can just add more pressure, when really you need less.
Living Home Loans helps by providing the guidance of an experienced specialist in construction loans. There are many extra aspects to achieving smooth and effective construction finance. We have several fine-tuned strategies and information that can help you have a smooth process, leaving you to concentrate on the progress and excitement of your new home.
Low Document Loans
Circumstances can sometimes change your ability to have full financial information available to support a loan with a mainstream lender. Moving to a new location. Changing jobs. Starting a new business. Failure to pay electricity or phone bills previously may have left your credit rating looking poor. A number of factors can result in being unable to borrow mortgage funds from a mainstream lender.
We have the expertise to help you find a suitable lender that will offer alternative ways to verify your current income. In today’s lending market, there are effective lending options that allow you to move ahead with your dreams. We have a strong understanding of successful financial providers depending on your specific scenario.