Liberty

Liberty Financial is funded by some of the world’s largest financial institutions such as Credit Suisse, National Australian Bank, and Deutsch Bank. 

They are a non-bank lender and they have been assisting Australian’s opportunity to borrow since 1997 they now serve more than 140 000 clients and manage assets of $12 billion. Liberty Financial wasn’t the first specialist lender in Australia, but it was the first to rapidly grow through the use of mortgage brokers and became a market leader before the GFC.

The lending specialists

Sherman Ma the founder of Liberty grew up in the USA and recognised the success of lending specialists in the USA and took the opportunity in the Australian Home Loan market for those who were not able to get approval from banks.

They now offer car loans, personal loans, home loans, commercial loans, SMSF loans as well as a range of various products to individuals who are good borrowers but they, unfortunately, are not able to approach the banks.

Buy the home you want

Have you experienced unforeseen circumstances and you have a less-than-perfect credit history? Liberty Financial Custom Home Loan may possibly be able to help.

This home loan is intended for those who have bad credit listings. It can also include paid and unpaid defaults as well as discharged bankrupts.

Benefits of their loan service

• Repayment flexibility – you have a choice of how you would prefer to make repayments monthly, weekly or every fortnight, you are also able to make additional repayments.
• Redraw – Should you make additional repayments on this loan, you are able to withdraw to the equivalent as an emergency loan. This is a useful tool in cases where you urgently need funds for any emergency or unexpected costs like medical bills
• Split rate options – You are able to use this loan to split into both variable and fixed rates, it offers you the flexibility of a variable rate loan with the repayment security of a fixed loan.
• Interest-only options – This loan is a popular feature for investors because it gives borrowers the ability to make only the interest portion of their repayments without reducing the principle.
• Fees – There are no fee charges on an online loan application that is charged by Liberty Financial for the Custom Home Loan.
• Settlement fee – There are no settlement fees, typically charged to cover the cost of moving your funds to your name.
• Redraw fee – The fee on this loan will cost you $50 per Redraw
• Valuation fee – There is a charge of $330 for the valuation fee. This charge will usually cover the cost to have the property you’ve used for a security value, should your loan amount be over $750 000, or if the property is in a regional location it could be possible that this fee could be higher.
• Monthly fee – This fee total around $180 per year because there is an ongoing fee of $15 to maintain your account.
• Discharge fee – upon you closing the account you be charged a fee of $395.