Choose The Right Home Loan For You
Help
First home buyer is a borrower who has not purchased a property in Australia before.
Refinancer, a home owner that currently has a mortgage and looking to switch loan to another lender usually for a better rate, service or additional features in the home loan.
Renovator is someone that is looking to build, extend or change their current property which may involve a cost which can be enhanced/included with home loan.
Investor - This is where a property is bought for the sole purpose of making money, either through renting it or selling it for more than you paid for it. The buyer/owner does not live in the property.
Choose The Right Home Loan For You
Help
Variable rate is when your interest rate fluctuates with the market and can increase or decrease.
A fixed rate is when repayments are fixed for a set period of time.
Choose The Right Home Loan For You
Help
By fixing a home loan for a set period of time, you can have peace of mind that your repayments won?t change if interest rates increase. Generally the interest rate may be different depending on how many years you fix your loan for. To view the interest rates of the fixed rate terms click here.
Choose The Right Home Loan For You
Tip
A fixed rate loan allows up to $10,000 in additional repayments a year. If you think you would like to make more repayments perhaps splitting your loan might suit your needs better. The Mortgage Simplifier allows a borrower to make unlimited additional repayments at no cost and a free redraw facility. With a Mortgage Simplifier you can fix your home loan between fixed and a variable loan.
Help
Additional repayments are above your minimum monthly repayments. An example could be a work bonus or inheritance. Please note there is a limit of $10,000 a year for additional repayments on a fixed home loan.
Choose The Right Home Loan For You
Tip
The Redraw facility is free of charge with all ING Direct variable loans however you are not obligated to use it.
Help
Redraw is a feature, which allows you to withdraw the extra money you've paid into your home loan. That is, the extra money you have paid in addition to your minimum scheduled repayments.
Choose The Right Home Loan For You
Tip
As long as you are able to make the minimal fortnightly or monthly repayments then there is no need to make additional repayments. Please note that making additional repayments is available on variable loans free of charge and you can do it at any time.
Choose The Right Home Loan For You
Help
Line of credit is an interest only loan that lets you use the equity in your property for personal or investment use.
Choose The Right Home Loan For You
Choose The Right Home Loan For You
Choose The Right Home Loan For You
Fixed Rate Loans
Protect against rising interest rates and control your repayments for up to 5 years. When your Fixed Rate Home Loan ends, your loan converts to a Mortgage Simplifier which gives you a low, variable rate - and you also have the ability to redraw.
Our Fixed Rate Loans are ideal for:
- A first home buyer, a refinancer or renovating your home
- A Fixed rate home loan
- Those that want to know their repayment amount will remain stable for a certain period and not change
Choose The Right Home Loan For You
Mortgage Simplifier
A low basic variable interest rate home loan with no annual or ongoing fees, free redraw and unlimited repayments. For those in the market for a simple, no-fuss home loan with a competitive interest rate.
Our Mortgage Simplifier is ideal for:
- Loan split between variable and fixed
- Ability for a redraw facility
- Ability to make additional repayments
- First home buyers or refinancing your current home loan
Choose The Right Home Loan For You
Smart Home Loan
Consolidate your home loan and other debts into one loan to reduce interest payments and fees. If your aggregated borrowing is more than $300,000 you can apply for a Smart Pack loan. For a once only fee you can receive an additional discount of 0.5%p.a. off the Smart Home Loan Rate for the life of your loan.
Our Smart Home Loan is ideal for:
- An investor
- A home loan with a line of credit with a credit card
Choose The Right Home Loan For You
Action Equity Home Loan
If you've already built up some equity in your property, you can set up a line of credit. With these funds you can buy another property, invest in shares, take a break from work or plan a great adventure.
Our Action Equity Home Loan is ideal for:
- An investor
- A home loan with a line of credit
Choose The Right Home Loan For You
Priority Commercial Mortgages
A fixed rate, variable rate and equity loan are available for loans above $300,000.
Our Priority Commercial Mortgages are ideal for:
- You are a Builder
- You would like to borrow between $300,000 and $2,000,000
Choose The Right Home Loan For You
Commercial Property Finance
If you require more than $2 million for a commercial property, our specialist team can give you advice gained from over 25 years in the real estate market.
Our Commercial Property Finance Loans are ideal for:
- You are a Builder
- You would like to borrow more than $2,000,000
Call a Commercial Mortgage Specialist on + 61 2 9028 4107 to find out how you could make a better investment with your next property loan.