Which is the right loan for you?

Take a look at the types of home loans available before meeting with Finance Tactics. We will find the right loan that meets all your financial needs.

Basic Loan

Popular with first home buyers, a ’no frills’ basic home loan with a low interest rate.

  • Interest rates are often half to one per cent below the standard variable rate.
  • Limited features and less flexibility.

Low Doc

Good option for the self-employed or contractors with irregular incomes who may find it difficult to secure a mortgage.

  • May have higher interest rates
  • You may also have to pay Lenders’ Mortgage Insurance or other fees.

Standard Variable

Popular mainstream choice with all the "bells and whistles".

  • You make regular repayments based on the current interest rate; effective if rates do not rise.
  • Should interest rates increase your regular mortgage repayments will rise.
  • An offset account can be used to help repay your loan quicker.

Fixed Rate

Allows you to fix your interest rate, offering stability in times of economic uncertainty.

  • Fixing your interest rate for a specific period gives certainty to regular repayment amounts.
  • Should interest rates fall you’ll still need to repay your mortgage at the agreed fixed rate.
  • This can be combined with a variable rate to "hedge your bets" regarding rates.

Line of Credit

A line of credit works like an overdraft or "a credit card with more zeros on the end".

  • You only pay for what you use.
  • Ideal for the Investor or Self Employed.

Interest Only

Interest only loans offer borrowers lower repayment options. A popular choice for investors.

  • Pay only the interest on your mortgage.
  • Repayments do not reduce the starting value of your mortgage.

Make an appointment

Contact us today so we can organise a suitable time to discuss your needs.

"Wow, we finally got there! I cannot imagine how I would have gotten through this (divorce property settlement) without your patience, expertise and diligence. It has been greatly appreciated.”
Mandy C, Mt Barker
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