Why Choose Greenline Home Loans for your Residential Home Loan?
Here at Greenline Home Loans, we are committed to providing you with the right residential home loan to suit your needs. You can rely on us with the lowest home loan rates and customer service that you will value for the life of your loan. From the loan application all the way to post-settlement, Greenline Home Loans will guide you through the entire residential home loan process and provide you with any financial advice you need for your future. We place our clients at the heart of everything we do. It’s what sets us apart from most!
Owner Occupied Rate
Variable Interest Rate
Rates Based on Principle and Interest Repayments and a loan to value ratio of 60%. The comparison rate is based on a loan of $150,000 over the term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
Residential home loans are offered to borrowers who intend to live in a property full time. Whatever your intended purpose for the property you wish to purchase, it is worth understanding the various features of an owner-occupied home loan.
Lenders are more prepared to offer low-rate home loans as owner-occupiers are generally less risky borrowers. This is due to the theory that you are more likely to work towards repaying your mortgage as it is paying for the roof over your head, compared to an investor renting out a property. Although, keep in mind that the risk you present to a lender will usually impact the home loan interest rate you are offered.
Government Schemes and Grants
The majority of home buyer schemes and grants that are provided by the government are created for homeowners – first home buyers in particular. Consider the choices available if you are hoping to purchase your owner-occupied home.
Greater Borrowing Power
For the same reason that lenders can generally offer a residential homeowner a lower interest rate, they can allow a borrower to gain a loan approval with a smaller deposit. This provides more of an incentive for owner-occupiers to repay their mortgage sooner, even if they only have a 5-10 per cent deposit.
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Home Loan Products
Residential Investment Property Loans
If you are planning on purchasing your first investment property or are a seasoned investor ready to expand on the market, Greenline Home Loans has you covered. With a number of low-interest rate home loan options, our friendly team are here to help you settle in quickly and make your experience as hassle-free as possible.
Home Loan Refinancing
We provide quick, easy and obligation-free home loan refinancing services which allow you to compare your current home loan against hundreds available on the market. Greenline Home Loans have a simple refinancing process so that you can begin saving on your home loan repayments sooner.
When looking to upgrade your home, timing the purchase of your new home while selling your existing property can be tricky. Bridging loans can provide a solution that allows you to avoid the stress of having to sell your home first and find temporary accommodation whilst you search for your next home.
Construction loans are designed to support those who are building their home, as opposed to purchasing an established property. Greenline Home Loans can provide you with a loan that is progressively drawn down as required to pay for each stage of the construction, allowing you to manage your cash flow more efficiently during the building stages.
Cash Out – Equity Release
Sometimes you might need to borrow money in order to achieve some personal goals like renovating your home, buying a new car or even travelling overseas. While taking out a personal loan is an option, releasing equity from your property can result in a more favourable outcome with lower interest rates applicable to the loan as a result of the nature of the loan and the security against it.