Australian Capital Home Loans

Australian Capital Home Loans Eliminator assists you in paying your home loan sooner. They deposit a bonus payment into your mortgage account quarterly and this reduces the term of your loan, as well as the amount of interest paid.

You’ll be amazed at how much you could save over the lifespan of the loan. Give them a call today on how to go about getting yourself on the Mortgage Eliminator program.

First home buyers

When purchasing your home for the first time can be the most exciting time and likely the biggest purchase you’ll ever make in a lifetime. Although there is a lot to wrap your head around like how much deposit you’ll need, how much you’ll be able to borrow, and what your monthly repayments will be.

Taking that first step onto your new property is exciting and can be as simple as completing an online loan application. Especially when you know we are right behind you.

Term loan

• Principal and interest – Interest rates are flexible and it allows you a fixed or variable interest rate which also allows you to split the loan. Standard term loan options offer principal and interest repayment for the entire term of the loan.
• Interest only – This is ideal for investors, this option permits you to have up to 10 years of interest because you are only required to repay principal and interest repayment. It also offers fixed and variable interest rate options.

With their line of credit, you may draw funds as you need them up to an approved credit limit which acts as a personal loan but does not carry high-interest fees. Only a portion of the interest is charged depending on how much of the loan you have used.

The main difference between a regular mortgage and a line of credit loan is that you only make repayment on the line of credit and the funds that you have already paid could be available to redraw again but not exceeding the credit limit and you can do this over and over again. Take note that the credit limit is set at a percentage of the property’s value or capped at a max dollar amount.

100 % offset home loan

100 % Offset home loan has a savings account linked to it. This places you in control, it also links a fully featured home loan with all the benefits of a 100 % offset savings account and allows you to see how much you owe and what you own as the offset balance is shown separately.

Construction/building loans

Australian Capital Home Loans offer building loans as a term loan with quite a few flexible options:

• Flexible or fixed interest rate options, Lo Doc Term Loans, 100 % Offset home loan
• Buildings generally go through several stages before they are completed. The builder will issue an invoice after every completed stage if you are satisfied, and they will get authorisation from you to pay the builder.
• You will receive approximately 5 invoices from the builder, so the loan is drawn in diff stages through progressive payments. Before the builder is paid they will confirm that the work being claimed for is completed.