0401 15 10 20

Loan Mall Tailored Home Loans, Home Loans For First Home Buyers and investors

LOAN MALL ACN: 676520237 Credit representative number: 559389 of AFG Credit license number: 389087

Types of Home Loans

Whether you’re a first-time home buyer, investing or looking to refinance, we offer tailored solutions to meet your needs. Our seamless & secure process ensures that you can focus on finding your dream home while we handle the rest.

Split Loans:

  • Combination of fixed and variable rates.
  • Balances stability and flexibility.
Variable Rate Loans:
  • Interest rate can fluctuate based on market conditions.
  • Offers flexibility and potential savings if rates decrease.
Principal and Interest Loans:
  • Regular repayments cover both the loan principal and interest.
  • Most common type of home loan.
Fixed Rate Loans:
  • Interest rate remains constant for a set period (e.g., 1-5 years).
  • Provides stability in repayments.
Interest-Only Loans:
  • Lower initial repayments, covering only the interest.
  • Suitable for investors or those expecting higher income in the future.
Start Owning Now
Empowering Our Community

Our Panel Of Lenders

First Home Buyer Grants (FHOG)

  • Available for first-time home buyers purchasing or building a new home.
  • Grant amount: Up to $10,000.
  • Eligibility: Must be an Australian citizen, permanent resident, or new zealander on 444 special visa, over 18 years old, and meet other criteria.
Speak to a broker today

Lender’s Mortgage Insurance (LMI)

  • Insurance that protects the lender if the borrower defaults on the loan.
  • Typically required if your deposit is less than 20% of the property’s value.
LMI Waiver:
  • Some government schemes, like the New Home Guarantee, allow eligible first home buyers to avoid LMI with deposit as low as 5%.

Current Home Loan Interest Rates

This interest rates are strictly for website use only, interest rates are constantly changing

Variable Rates:

  • Rates can fluctuate based on the Reserve Bank of Australia’s cash rate.
  • Current variable rates range from approximately 5.59% to 6.64%.

Fixed Rates:

  • Rates remain constant for a set period, providing stability in repayments.
  • Current fixed rates range from 5.48% to 7.07%

Additional Considerations

Loan Terms:
  • Typical loan terms range from 20 to 30 years.
  • Shorter terms mean higher repayments but less interest paid overall.
Repayment Options:
  • Weekly, fortnightly, or monthly repayments.
  • Extra repayments and redraw facilities may be available.
Offset Accounts:
  • A transaction account linked to your home loan.
  • Reduces the interest payable on your loan by offsetting the balance in the account against the loan principal

Tips for Choosing the Right Loan

Seek Professional Advice:
Consult with our mortgage broker to find the most suitable loan for your situation.
Consider Loan Features:
Look for features like offset accounts, redraw facilities, and flexible repayment options.
Understand Fees and Charges:
Be aware of application fees, ongoing fees, and exit fees.
Compare Interest Rates:
Even a small difference in rates can save you thousands over the life of the loan
Speak to a mortgage broker today
Contact Us