Loan types and property lending options
HOME LOANS
Suitable for if you are looking to:
- Have flexible access to funds for future investments (buy an investment property, invest in shares, make home improvements or upgrade your car
- Consolidate your debt
- Buy your first home
- Lower your repayments at a lower interest rate
First Home Buyers
Buying your first home can be both an exciting and daunting experience. There are so many options out there, so selecting the right one can be overwhelming and time-consuming. At Loan Connect, we work with a range of specialist brokers who can find the right loan for your specific circumstances.
For us, it’s really important to understand your first home buying goals, then match them with a suitable loan. Our brokers have partnerships with lenders that have many products to choose from. Call us today to discuss your options to buy your first home.
Next Home Buyers
After going through the home buying process before, you likely understand what a headache organising a home loan can be. At Loan Connect, we can help you apply for another loan, without you needing to stress over it.
Our expert brokers have access to a wide range of loans from a variety lenders. Once we understand your requirements in detail, we will shop around on your behalf to save you the hassle.
Business Loans
Suitable for if you are looking to:
- Buy your own business
- Start-up your own company
- Raising capital
- Expand your business
- Purchase equipment & machinery
Investment Loans
Interested in purchasing an investment property but don’t know the best way to finance everything? At Loan Connect, we have partnered with a range of brokers who specialise in investment properties
There are many property investment options, including turning your home into an investment property and using available equity to purchase another home. Such decisions can become complex, and it is important to speak with experienced and qualified brokers to help you through the process.
A specialist broker will ensure the benefits from your investment property are maximised. They can also work alongside our team at Loan Connect while we look after your investment loan, and secure minimum monthly repayments and fees
Refinancing
Considering a change to your home loan? Compare the total costs, features and remaining loan term, not just the advertised rate or monthly repayment. Applicable switching costs can include discharge, application or fixed-rate break fees and mortgage insurance. A longer term may reduce repayments but increase total interest. Staying with your current lender may also be worth considering. Any equity release is additional borrowing secured against property, subject to lender assessment and repayment obligations.
Construction Loans
Construction loans are a great way for you to build your dream home. At Loan Connect, we can help you find the right loan to finance your construction projects, including knocking down and rebuilding, structural renovations, or repairs to your home.
Construction loans differ from regular home loans, as building works often require ongoing payments throughout the construction process. In general, construction home loans have a variable rate, so it is important you choose the right loan for your requirements.
Generally, there are five stages at which payments are made:
- Pad (slab) down
- Wall constructed – plate high
- Lock up stage
- Fit out
- On completion
Our specialist brokers are experts in finding construction loans to suit your construction goals. Contact us today so we can understand your construction loan needs.
Standard Variable Rate Loans
Standard variable rate loans are Australia’s most popular mortgage product, as about half of all borrowers select this type of mortgage. At Loan Connect, we can help you find the best standard variable rate loan for your specific circumstances.
There are a range of features that standard variable rate loans offer, including offset facilities, redraw, extra repayments and the ability to split the loan. If you are not careful, you may end up paying an unnecessarily high interest rate to access such features.
Our specialist brokers will help you find the best standard variable rate loan to achieve your objectives, as well as offer flexibility.
Self employed property loans and alternative documentation
Self-employed borrowers may need to present their income differently from someone receiving regular payslips. Alternative documentation does not mean no evidence or guaranteed approval. Tell Jack what documents you have and whether you are buying or refinancing property. For a purchase, the property being bought may provide the security. The evidence required and any available options depend on your circumstances and the lender’s assessment.
If your tax returns are incomplete or you have ATO debt, raise this in the initial conversation so it can be considered from the start. An enquiry does not erase a debt or guarantee a loan. Please do not send financial documents through the initial contact form.
Line of Credit
A line of credit can use your home or investment property as security. This is a flexible way to borrow against the equity available in your home or investment property.
A line of credit only requires you to pay interest on the money used, allowing you to build on your property portfolio. Line of credit loans are interest only, variable loans, and it’s important to select the right one to suit your needs. Call us today to discuss how a line of credit could benefit your situation and goals.
Non-conforming
Do you have a low credit score and problems being accepted for a home loan? The good news is that many lenders offer non-conforming loans for people in this situation.
Though lenders can overlook credit problems, they will want to be provided with evidence that you can repay the loan
Our panel of selected lenders will work to find a loan for you, even when you have been turned down by the big banks and others.
SMSF Loan
Self-managed Super Funds (SMSFs) can be an effective way to save for your retirement. As the name implies, these are self-managed investments, putting you in charge of both the investment strategy and ensuring you comply with superannuation and taxation laws.
SMSFs differ from other superannuation options, as you’ll need to set up a SMSF Trust (usually with the help of an experienced legal professional), lodge it with the ATO, build an investment strategy, as well as maintain and file the required paperwork.
Our specialist brokers will help you understand and organise your SMSF, and ensure you are making the right investment decisions based on your individual circumstances.
Land Banking Loans
Land banking is a real estate investment which involves buying large blocks of undeveloped land. These loans are often unregulated and there’s little protection if something goes wrong.
As an investor, you can either buy land or buy an option to purchase land. The land is then expected to be sold at a profit when it’s rezoned or approved for development.
Our specialists will guide you through the pros and cons when it comes to land banking loans, and help you make the right decision depending on your requirements and long-term goals.
Our Story
Jack Tarchichi started Loan Connect in 2007 as a family friendly business, and it has remained that way until today. He wanted Loan Connect to be accessible to families who didn’t have the time or patience to understand financial jargon and the endless loan options in the market. Loan Connect offers families an easy way to find the right loan, while being able to keep up their family commitments
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