Maximum loan
Technically there is no maximum loan size. However borrowing over $1,000,000 will require you to meet additional credit criteria.
Western Suburbs Median House Average Price 2013*
Point Cook
45
Williams Landing
46.1
Seabrook
42.6
Truganina
35
Tarneit
35
Hoppers Crossing
31.5
Wyndham Vale
28.5
Werribee
27.9
Choosing Home Loan
Making the right decision about the type of home loan you need can be difficult without expert financial help. Homes are investment of lifetime and no one wants to make poor choices regarding anything related to it. Point Finance understands what ownership of a house means to you. Therefore, we provide home loan assistance for first home buyers, , property investors, existing loan re-financers and builders or developers. Besides, our mortgage service enables you to buy townhouses, apartments, units, houses and lands according your convenience.
Let us Assist
We specialise in arrangement of finance for buying homes, refinancing, property investment and building or renovating. We can be the medium between you and the numerous lenders in Australia. However, due to our involvement in the deal, you can be sure that you are never at the downside. We have helped numerous customers and many of them had minimal saved deposit, credit history and financial documentation.
Point Finance is not a business that is intended to make profit out of your needs. Rather, we focus on satisfactory customer service and prioritise your preference.
Considerations for Home Buyers, Property Investors
We assist you in property investment and buying homes whether it is your first house or the second. You can contact us to specify the kind of house loan you want. We can assist you how much you can borrow depends on your family income and other financial conditions. Our expert consultants will make it easy for you as they make it convenient for sellers and buyers. We also work out with you to find the best refinancing for you. In case of refinancing, renovating or building, our agents can assist you search finance options and finalise details.
Arrangement of the amount is the next step in the process and where we are the most helpful. We also strongly recommend pre-approvals to our customers. Pre-approvals are free, remain valid for 3 months and expedite the process of final unconditional approval. We offer a range of loans to be helpful to customers in different situations.
How to apply Home Loan through Point Finance
1
Fill out the Quote Form online or give us a call on +61 3 9394 6351 and we will discuss your needs.
2
Our home loan expert will give you advice based on your financial circumstances.
3
We will apply your home loan from one of the financial institution at affordable interest for your property.
Different Types of Loans
There are different types of home loans with rates ranging from 4.94% to 5.99%. However, rates are not the only factor to be considered. Different loan plans focus on different benefits to widen the scope for our customers. There are few loan plans for refinancing and building & construction but they are subtly planned to meet various needs of people looking to refinance. In addition to the plans, we also accept custom loans demands.
Fast way to own a home
You can get into your own home sooner without wasting more money in rent, or living with your parents or flatmates.
Low LMI(Lenders Mortgage Insurance)
Up tp 2% LMI on full doc loans. Technically there is no maximum loan size. However borrowing over $1,000,000 will require you to meet additional credit criteria.
Guarantor Home Loan
A guarantor home loan can be a great option if you are a first home buyer who has the income to manage your home loan repayments but not yet enough for a deposit.
Variable interest rate
If you have a variable loan and interest rates go down, you can save thousands of dollars and shorten the life of your loan.
Variable loan terms
Up to 30 years.
Lower repayments
Providing lower rates – sometimes as much as 0.5% p.a.
Helps in budgeting:
A guarantor home loan can be a great option if you are a first home buyer who has the income to manage your home loan repayments but not yet enough for a deposit.
Maximum loan
Technically there is no maximum loan size. However borrowing over $1,000,000 will require you to meet additional credit criteria.
Fast way to own a home
You can get into your own home sooner without wasting more money in rent, or living with your parents or flatmates.
high return
Interest only loans can be particularly beneficial in the short-term. If you’re financially savvy, you can take the extra savings from your reduced mortgage payments and invest the money into a something with a high return.
Make it easier
For instance, if you’re renting while your home is being built, arranging an interest only loan for 12 months can make it easier for you to meet both your rental and home loan obligations.
More flexible
If you work in a field, such as sales, where your income is likely to fluctuate each month, an interest only loan may also work for you.
Discounted interest rates
while it puts extra cash in your pocket, this type of loan is not recommended as an emergency stopgap measure in the event you need to pay day to day living expenses such as groceries and bills.
Refinancing your home loan is when you either take out a new home loan with a new lender, or negotiate a better loan with your existing financial institution.The point of doing so is almost always to secure a lower rate of interest that will save you money on your monthly repayments and possibly reduce the life of your loan.It’s worthwhile investigating the possibilities of refinancing if your situation has changed such as you have a new/another baby, you want to buy a bigger property or you feel you are locked into interest rates above market value.Many people also choose to refinance in order to consolidate credit card and personal loan debt, but you should be aware that doing so might mean you will be paying off smaller debts for up to 25 years.
Some of the benefits apart from lower interest rates that lenders may offer you – or that you can ask for – include waiving or reducing the application fee, reduced annual fees, and even bonuses of up to $1000 to help cover the costs associated with changing loans or lenders.
*The data above is an estimate based on data provided in A Guide to Property Values from Department of Environment and Primary Industries of Victoria. To view this guide:http://www.dse.vic.gov.au/__data/assets/pdf_file/0018/180117/A-Guide-to-Property-Values-2012.pdf