Home Loans

This loan can be utilized to buy a home, as they have a large maximum borrowing amounts and can be secured to property. You can borrow a large sum of money, as the property is generally a lot more expensive the cars.

Depending on your income, savings and financial commitments. If you opt for a fixed rate home loan you have the benefit of knowing what your payments will be for the fixed period. We can assist you with financing.

Whether you need to renovate your home, plan for a holiday or wedding or need to consolidate your debts, a mortgage broker from Intellichoice can help you with a personal loan to make it happen.

A personal loan is essentially a lump sum of money that you borrow from a mortgage lender. Personal loans are generally meant for personal use only. That is, the money must be wholly or predominately for personal or domestic use. Personal loans cannot be taken out for business use, such as starting a business, stock for a business or to purchase a car for the business. If you do require a loan for your business or to purchase inventory, we have alternative business finance solutions to suit your needs.

Our wide range of personal loan products offer flexibility to help finance your personal needs, so whatever your requirements, speak to the mortgage brokers at Intellichoice on 1300 55 10 45 and let us help you find a personal loan to fit your needs.

 

Calculators For Making Intelligent Choices

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Articles & Resources To Understand When Applying For A Home Loan

Valuable articles and resources for Home loans and Estimators for building, Surveyors for building or Designers for building, etc…

Frequently asked questions

How does Home Loans work?

Buying your own home is one of the biggest financial decisions you will ever make. The lender approves the loan in principle, enabling you to look for a property within the set budget. Once you have decided on a loan amount you will need to finalize the loan documents with your lender. Generally, you are required to pay back the home loan plus interest over a set period of time. If you have questions or need more information, you may ask our Loan Specialist.

How do I apply or qualify for a home loan?

First, you need to do your research on what home loan would suit you. Research your options, provide your proof of income, a detailed budget, your credit rating, employment information, and your net worth. Applying for a home loan is a long and complex process involving everything from credit and reference checks to verification of employment and income. A basic truth a mortgage loan holds your house and land as collateral. But in some cases we don’t really want to end up with your house, we want you to succeed. For you to be able to get approved and succeed you may ask or contact one of our Loan Specialists.

How much can I borrow?

The majority of our home loans allow you to borrow up to 95% of the value of your property but you may have to pay Lenders Mortgage Insurance if your loan amount is more than 80% of the value of your property. To get a better idea of how much you can borrow, use our Calculator, or make an appointment with one of our consultants.

What is Lender Mortgage Insurance or (LMI)

Lenders Mortgage Insurance (LMI) covers the lender in the event of the borrower defaulting on their loan. In the event that the property is subsequently sold, and the amount from the sale is insufficient to pay off the loan in full, this insurance will cover the lender for the shortfall. As a general guideline, this insurance is required if you are borrowing 80% or more of the valuation of the property.

What type of Home Loans do you offer?

Our significant panel of lenders ranges from the largest lenders in the country through to small specialist lenders. This indicates we can offer home loans that match almost all situations, including loans for new property purchases, refinancing of your current property, owner-occupiers or investment purposes. Product features available include variable or fixed rate loans, offset accounts, interest only, combination loans or lines of credit.

What are your interest rates?

The interest rate charged will vary depending on the lender and solution chosen to meet your needs

What are the costs involved?

Costs differ on the Home Loan you choose. In addition to the application, valuation, and settlement fees, you have to take into account different charges such as Stamp Duty and solicitor’s fees. You can use our Stamp Duty Calculator to find out how much Stamp Duty you’ll pay in your State or Territory

What are the requirements needed?

Depending on your circumstances and the home loan you have applied for, you will generally need to supply the following:

1.) Proof of income – latest payslip or letter from employer detailing conditions and most recent group certificate.
2.) Completed and signed Application Form
3.) Copy of your driver’s license
4.) First Home Owner Grant application (in case you are a first home buyer)
5.) Signed copy of Contract of Sale (required for purchase only)
6.) 6 Months Home Loan Statements (required for refinancing only)
7.) Rates Notice for existing property used as security (required for refinance/equity releases only)
8.) Copy of last 3 months’ loan statements for any loan to be paid out (required for loan consolidation only) Please note: We may require additional documentation depending on your circumstances.

About Us

At Intellichoice Finance, we’ve been successfully providing finance solutions to satisfied clients for years. From home loans, bad credit loans… to owner builder loans… equipment and commercial finance – we’ve got it covered.