Home & Investment Loans

Whether you're looking to buy your first home or investment property or renovate or refinance, we can help. Whether it's a standard home loan, a low-doc loan, a line of credit, or even bridging finance, we'll help you every step, from application approval and beyond.

The range of loan products on the market is extensive, and the application process can be complicated. Link Finance Group (Aust) can professionally guide you through the process and ensure we secure the right loan for you.

Some of the ways we can help with your home:

  • Owner/occupier or investment property loans

  • Principal & interest or interest only loans

  • Variable or fixed rate loans; or a combination of both

  • Professional packages

  • Low documentation loans for the self employed

  • Re-finance and consolidation of existing loans

  • Line of credit

  • Bridging finance

8 Steps to Homeownership

  • We will meet with you to identify your financial needs and goals to find the loan product and solution that best matches your circumstances.

  • After we find the best loan for you, we will help you prepare your application with getting all the right documents together for submission

  • Your application has met the bank’s minimum criteria. A conditional approval has been granted subject to the bank’s lending requirements.

  • Congratulations, your home loan has been approved! This is a formal acknowledgement from the lender that your application was successful.

  • As this is one of the biggest financial commitments of your life, our in house Financial Planner can ensure that your financial assets are protected

  • When your loan documents arrive, we can arrange a time to help you complete the signing of your loan documentation.

  • Your solicitor/conveyancer will liaise with the lender to complete settlement, or if refinancing, settlement will be completed from lender to lender.

  • Be assured, we’re here to help even after settlement. Contact us if your finance needs change to make sure you have the best loan solution available.

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FAQs

WHAT ARE LMI & LVR?

If you need to borrow more than 80% of your property's value, you may need to pay Lender’s Mortgage Insurance (LMI). Banks often call this percentage the ‘LVR’, which stands for ‘Loan to Value Ratio’. LMI protects the lender if you default on your loan.

PRINCIPAL & INTEREST, OR INTEREST ONLY?

Let’s put it this way: if you choose interest only, your minimum repayments will be lower during the interest-only period because you are not required to repay the principal balance. You will have to repay the principal down the track, and you will pay more over the life of your loan. Choosing to repay principal and interest means that you’re paying off the total loan amount throughout the loan, not just the interest charges.

SHOULD I GET AN OFFSET ACCOUNT?

If you have money in an everyday banking account, you may choose to move it into an offset account. You can link it to your home loan to help you save on interest charges. The money you have in an offset the amount you owe on your home loan, and you’ll only be charged interest on the difference.

HOW IS INTEREST CALCULATED?

Interest is calculated based on the unpaid daily balance of your loan. For example, if you had a loan balance of $150,000 and your interest rate was 5% p.a., your interest charge would be $150,000 x 5% divided by 365 days = $24.66 for that day. For most Home Loans, interest is usually calculated daily and charged monthly.