Finding the best bank for home loan is a goal oriented project where actual loan requirements, clients profile, type and location of property, documentation and available deposit will determine final outcome, All banks are best bank for home loan for certain type of loan proposals. Clients need professional advice for this reason when their actual goal id to find the best deal available form them on the market. Interest rate is always create a benchmark for us to classify our 34 panel lenders to find the best bank for home loan for a specific client in specific financial situation. We always give priority to the stability of interest rate with historical data analysis other than making a quick selection from banks temporary offers for marketing. We always advice client not to moved by emotion for Major banks or own bank where any decision related to loan involve money that people earn with hard work. We help the client to find the best bank for home loan with higher probability approval and lowest cost for interest and lending. For certain type of home loans private banks offer better deals depending on the loan requirements of the client. So it will come down to the fact that how many banks you have on your panel to compare and how intense is your analysis to find the best bank for home loan. We request please submit an inquiry to commence a free assessment process to find the best bank for home loan for you.
The finance group have achieved 99% approval rates for any type of mortgages in past 7 years record because:
Allhome rates quoted bellow are subject to changed by lender. To find the appropriate quote for home loan investment please submit an inquiry to commence a free assessment process. All costs quoted are estimation only.
|Interest rate|| Bank loans Full doc: 3 years fixed rate from 4.83% up to 80% loan|
variable rate is from 5.09% with up to 1.1% discount for life of loan.
Bank loan Low doc: 3 years fixed rate from 4.99%
variable rate from 5.19%
Private bank loan : starts from 6.5% and change depending on full doc and low doc loan, rate increase for higher LVR and degree of credit impairment.
Please submit an inquiry to know current rate for best bank for home loan.
|Security|| Standard Residentialproperties in any populous areas. Depending on lenders postcode guide different lender categories property locations in different way and allocate maximum LVR for the location. |
Vacant land is acceptable for eligible borrowers only, depending on location of the property.
Please submit an inquiry to know maximum LVR available for your property location
| Full Doc/Low Doc/ Acc-Letter|
| Maximum Loan amount||Maximum Loan per security:|
| Minimum Loan amount||$50,000- $100,000 depending on lender.|
| Credit history|
| Loan Term||2-30 years|
| Repayment options||P&I or IO up to 10 years|
| Lenders Application fee|| |
For bank loan fee can be up to $600 or more.
For non bank loans application fees is included on the risk fee
| Risk Fee||1%-2.1% or the loan amount depending on lender, LVR and degree of credit impairment.|
| Our Brokerage||Negotiable depending on amount of loan, amount of work and complex nature of loan requirements.|
| Other costs|
| Proof of Income|| Full doc loans 2 years full financials with tax returns are mandatory. Notice of assessment is not required for some lenders.|
Low doc bank loans 12 consecutive months BAS's is mandatory, recent 6 months trading statements may be required.
Low doc private bank loans 3-6 months trading account statement is mandatory.
No doc home loans only accountant declaration and borrower's repayment declaration required.
| Other supporting documents|| Mandatory for all applicants:|
If anyother loans are consolidating client need to provide up to 6 months statement for secured or unsecured debts depending on the lender.
Lender may ask for extra documents during the assessment process depending on the strength of the application.
Please submit an inquiry to commence free assessment for your best bank for home loan.
|Valuation|| Lenders operateindependent valuation of the offered security. Bank loans usually offerfirst valuation for free. For non bank loans valuation is done at cost quoted to the client.|
Upfront valuation is also available at client cost.
We accept up to $1000 paid defaults for home loans bad credit bank loan applications. If you have more than 1 defaults or the amount is more than $1000 we suggest please contact us to get a tailored solution for your loan. For bank home loans for any acceptable purpose we offer up to 70% low doc loans without LMI. We have up to 95% refinance options full doc basis with LMI. Purchase, refinance, cash out, debt consolidation paying off business debts, refinancing low doc home loans, full doc or low doc construction home loans available through bank loans. As we have access to all traditional lenders in Australia we can offer solutions for clients with critical financial situation or complex loan requirements. Clients with bad credit history always prefer to have professional advice to have best possible loan options for them other than shopping around and making the credit history even worst to obtain a bank loan any more.
We believe everyone deserves to get a second chance. Some times things go beyond their control for painful separation, poor financial decision, job loss, illness and other unfortunate events of their life. We assist the client understanding their actual fact and help them to resolve their problem sooner.
We help client to select appropriate loan structure according to their need. Depending on historical interest rate analysis we determine the proposed lender and also offer the client a proper combinations of Fixed rate and variable rate loans that they can save money on interest and free up cash.
Click here to read more about bank loans to find best bank for home loan.