Home Loans
caloundra, sunshine coast QLD
Home Loans, Refinance, Investment Loans and much more…All lending solutions
Home Loans Caloundra, Sunshine Coast
Looking for home loans Caloundra, Sunshine Coast and want to deal with a local mortgage and finance broker Caloundra, Sunshine Coast regional area.
You have come to the right place I am Kerry-Anne Simpson,I have lived in the southern end of the sunshine coast majority of the time since 2010.
We as a local mortgage brokering business can answer many of the questions regarding your lending solutions and a home loan to suit your needs.
Here we specialize in first understand your story to find the right lending solution to meet your needs, not everybody’s story is the same and yours is unique to you, this is why it is best to talk to us, we have a large panel of lenders too many to mention.
If your wanting to know about all the features and benefits of home loans Caloundra, Sunshine Coast available to you then I have explained in more detail below.
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Home Loans
Features Caloundra, Sunshine Coast
There are several types of home loans available to borrowers, each designed to meet different needs and financial situations. Here are some common types:
Fixed-Rate Home Loan
In this type of loan, the interest rate remains constant for a predetermined period, typically ranging from one to ten years. This provides stability and predictability in monthly repayments, making it easier for borrowers to budget.
Variable-Rate Home Loan
The interest rate on a variable-rate loan can fluctuate over time based on market conditions. While this type of loan offers flexibility, monthly repayments can vary, making it harder to budget for some borrowers.
Split-Rate Home Loan
Borrowers can opt for a combination of fixed and variable interest rates with a split-rate loan. This allows them to enjoy the stability of fixed rates for a portion of the loan while benefiting from potential interest rate decreases with the variable portion.
Interest-Only Home Loan
With an interest-only loan, borrowers only pay the interest on the loan amount for a specified period, typically five to ten years. This results in lower monthly repayments during the interest-only period, but borrowers must eventually repay the principal.
Principal and Interest Home Loan
In this type of loan, borrowers make regular repayments that include both the interest and a portion of the principal amount borrowed. Over time, the borrower pays off the entire loan balance.
Construction Loan
These loans are used to finance the construction of a new home. The loan is usually drawn down in stages as the construction progresses, with interest-only payments during the construction phase and then converting to principal and interest repayments once construction is complete.
Low to No Deposit Home Loan
These loans are designed for borrowers who have a smaller deposit saved, typically less than 20% of the property’s value. They may require lenders mortgage insurance (LMI) to protect the lender in case of default.
Guarantor Loan
A guarantor loan involves a third party, often a family member, offering their property or savings as security for the borrower’s loan. This can help borrowers who may not have a sufficient deposit or stable income to qualify for a loan on their own.
Reverse Mortgage
Reverse mortgages are typically for older homeowners and allow them to borrow against the equity in their home to receive funds as a lump sum, line of credit, or regular payments. Repayment is usually deferred until the borrower sells the home, moves out, or passes away.
There are several types of home loans available to borrowers, each designed to meet different needs and financial situations. Here are some common types:
Home Loan Features
A basic home loan is a type of mortgage offered by
Financial institutions to help individuals purchase residential property. It typically has a straightforward structure with fixed or variable interest rates and standard terms. Here are some key features:
Principal Amount
This is the amount of money borrowed to purchase the property.
Interest Rate
Basic home loans can have either fixed or variable interest rates. Fixed rates remain constant for the duration of the loan, providing predictability in monthly repayments. Variable rates, on the other hand, can fluctuate based on market conditions, potentially affecting monthly payments.
Loan Term
This is the period over which the loan is repaid. Common loan terms range from 15 to 30 years, though shorter or longer terms may be available depending on the lender.
Repayment Structure
Repayments can be structured in various ways, including principal and interest repayments, interest-only repayments for a certain period followed by principal and interest repayments, or even interest-only for the entire term (though this is less common for basic home loans).
Fees and Charges
Basic home loans typically come with fees and charges, such as application fees, ongoing fees, and early repayment fees. It’s essential for borrowers to understand these costs and factor them into their budget.
Loan-to-Value Ratio (LVR):
Lenders often assess the loan amount relative to the property’s value, known as the loan-to-value ratio. A lower LVR generally indicates less risk for the lender and may result in more favourable loan terms for the borrower.
Security
The property being purchased is often used as security for the loan. This means that if the borrower defaults on payments, the lender has the right to sell the property to recover the outstanding debt.
Basic home loans are designed to be simple and accessible for borrowers looking to purchase a primary residence. However, borrowers should carefully consider their financial situation and compare different loan options before committing to a mortgage.
Your Story = Lending Solutions
Whatever your situation maybe let's find a lending solution for you....
FAQ
Frequently Asked Questions
My services to my clients are free of charge, I get paid a commission from the lending institution that has been chosen by you. So after settlement of your loan the bank or financial institution will then pay me a commission for doing the loan. So my job is to help you find the best loan option for you for your situation.
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+61 447503399I can service anyone in Australia online, you make an appointment either by chatting with me at first, you can make an appointment with me and I can either setup a virtual meeting through zoom and or I can come visit you on the sunshine coast or close by which ever suits. I am located South end of the Sunshine coast. Caloundra, little mountain and I can travel to see you, no matter where you are we can can chat to find the right method in achieving a financial outcome for you.
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+61 447503399Every bodys situation and story is different, I can help you with this and there are a lot of things to consider, like your income and employment status, your expenses, liabilities, assets, age, dependants and where you may want to buy if purchasing a home. I can guide you through this and the different policies and lenders have around you own personal circumstances.
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+61 447503399Using a mortgage broker they have your best interest and are able to work for you and not their own interests, mortgage brokers will have access to all and or many lenders and financial institutions and know their credit policies to suit your circumstances as not all lending products are the same. Using your local bank may not have a suitable product to meet you needs as each bank and lending solutions may only have a handful of products and will niche to certain criterias and industries for their products to match, your broker can match the right lender for you and or your situation and get you a better rate and in some cases a better discount.
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+61 447503399The benefit of obtaining a pre-approval is that you know how much you are able to borrow and spend on a home. This will save you a lot of time in the home hunting process and you will know what you can afford and to be realistic in the buying process and what you will be up for in purchasing costs.
A Pre-approval can also make you more attractive to a potential seller. Getting pre-approved for a loan indicates that you’re serious about buying the property. and will also speed up the buying and settling process as the pre – approval also will be valid for a period of time to help in taking out the stress in buying and settling.
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+61 447503399From the very first loan we do for you, our focus is on keeping your lending costs down with proven strategies that accelerate your financial freedom – including our Client Care Program.
In fact, it is crucial to our success that we do such a great job for you that will want to mention us to your friends and family when they are thinking about their next loan.
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+61 447503399Every time you make a loan inquiry with a lender it is recorded on your credit file. Lenders see this and it makes them wary of lending to a person they think is ‘shopping around’ too much for finance or who may have been declined by another lender.
We make sure not to present your loan to a lender unless they are confident it will be approved.
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+61 447503399
Not only will Kerry-anne get you the highest loan possible for you, she is also absolutely fantastic to communicate with during the whole home loan application process. She goes above and beyond to ensure you have all the information you need to make the process as stress free as possible. I will be contacting her in the future for our next purchace.
I spoke to Kerry to discuss my options in trying to get into the property market as a single parent first home buyer. Kerry provided excellent information on steps I should take to ensure I have everything sorted at the time of my application. Thank you Kerry.
KA Lending Solutions are really going above and beyond to help my daughter reach her goal of buying her first home, thank you so much Kerry-Anne for your help.
