» Home Loan Products & Services

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» Construction loans
» Home Equity loans
» Honeymoon Rate loans
» Interest only loans
» Investment loans
» No fee loans
» Professional loans
» Refinancing
» Low Document loans

Construction loans
All Banks assist with construction loans. Some Banks wish you to have approximately 60% equity in your land. They also require a fixed builders contract and council approved plans to approve your building loan. During the time you are building the Bank will inspect the site prior to making payments to the builder on your behalf. At the end of the construction phase you are then, in some cases, able to switch your loan to the introductory or discounted professional package for a small fee.

Benefits
The Bank assists to ensure your construction milestones are reached in accordance with the plans prior to a payment being made to the chosen builder.

After the construction loan is fully drawn down you can then change to a cheaper rate product.

Some banks charge lower than the standard variable rate during construction.

Home Equity loans
Also known as a Line of Credit these types of home loans are very useful when you are seeking to do some minor home renovations, buy an investment property, purchase a motor vehicle or take a holiday. You pay interest only on what you owe each month and are able to pay off varying amounts each month depending on your outstanding balance.


Benefits
Interest is calculated on the daily balance. This means you can reduce your interest costs by having your salary go directly into your loan account and use your interest free credit card for the month.

The loan has no expiry date and can be used for many purposes.

To find out more about these facilities and which Lender offers the lowest rate and account keeping fees contact us today.

Honeymoon Rate Loans
The majority of lenders offer an introductory rate to attract new clients. An introductory rate also assists in lower repayments during the first 12 months of your home loan.

When the first 12 months are over these style of loans revert to the standard variable rate. Most lenders will allow you to switch at that time to another product which attracts a lower interest rate, for a one off fee.

When applying for these types of loan facilities make sure you find out what the costs are to switch after the first 12 months.

Interest only loans
Interest Only Loans are available in 1, 2, 3, 4 & 5 year terms. By fixing your loan for a set time your monthly repayment remains the same for the term of the loan.

At the end of the term you simply renegotiate the loan with the current or new lender. Many investors use this type of facility to reduce monthly commitments when purchasing a property they intend to rent out.

Interest only loans can also be used in conjunction with a 20, 25 or 30-year loan.

Benefits
You always know what you will pay each month.

By paying Interest Only you reduce your monthly commitment by not having to reduce the principle.

Investment loans
Many homeowners use the current equity in their home to purchase an investment property.

With the many types of loan facilities available today it is always a good idea to speak with your Mortgage Consultant, who can advise you on the most appropriate lender and loan product. Many iNSIGHT clients use a combination of Equity Loans, Interest Only and discounted Professional Loans to raise the necessary money to purchase their investment property.

Benefits
In some cases you can purchase a property without having to use any of your savings. This allows you to create the maximum possible tax rebate on your borrowings.

To find out how to borrow 100% to purchase an investment using your own home call us today.

No Fee loans
Many lenders provide low cost loans for borrowers who are seeking to find the cheapest loan possible. Generally these loan products allow you to pay off more if you wish and have redraw available for a fee. You can expect in some cases not to pay an application fee or pay any ongoing monthly loan fees, however not all lenders offer this.

Benefits
Low cost entry that can save you up to $1,000 on the application fee.

No ongoing fees keep your loan costs from creeping up.

By paying off more you can create a nest egg for future renovations.

Professional loans
Many banks offer discounted loan packages to attract professionals.

Most banks determine your eligibility based on loan amount, salary or a combination of both. To find out whether you are eligible, contact our office and speak with one of our mortgage consultants.

This style of loan generally includes redraw, offset, up to 0.6% the standard variable rate, no ongoing loan administration fee (there is usually an annual packaging fee).

Benefits
You receive in most cases an interest discount off the standard variable rate for the life of the loan.

This type of loan can help you save money by using the offset account in combination with your credit card.

Future borrowings do not attract an application fee.

To find out which Lender's professional package will suit you, contact us today.

Refinancing
In the highly competitive world of financing, loan products and interest rates change frequently. In fact approximately 20% of loans written by banks are as a result of refinancing. At iNSIGHT Home Loans we feel that at least every two years a quick review of your loan and individual needs ensures that your home loan is still competitive and suited for your individual needs.

Benefits
Interest savings in some cases can be substantial.

Your home loan will never be out of step with market offerings.

To have a free assessment of your loan facility contact us today.

Low Document Loans
A 'low doc' or 'no doc' loan is useful for investors and self employed who do not fit the narrow guidelines of many banks and lenders. If you are looking to purchase a property, investment or carry out renovations without showing tax returns and financial reports then a Low Doc loan may be suitable, although the interest rate may be higher in some cases. Low Doc or No Doc loans are available for salary earners, contact us for more details.

Benefits
Ease of application - very little paperwork.

Low doc loans require a simple income declaration form with no tax return or financial records, simply due to the fact that you have not as yet completed the necessary documentation.

Find out which type of loan would suit your circumstances, call us today.