Lightning Fast Home Loans

How to Save Money On Your Home Loan

Published Nov 08

Overpayment and redraw facilities

In these turbulent times whether discussing working hours, holidays or many other aspects of modern life, you'd be hard pressed to find someone who wouldn't prefer to have financial flexibility. This is especially true when it comes to how you structure a mortgage. Although the word 'mortgage' comes from the Old French for 'death pledge', these days there are ways to make your mortgage work in your favour. Particularly, if used correctly, overpayment and redraw facilities are just two options which give flexibility and can enable you to have a mortgage that's easier to manage »more...

Opportunites to trim $ off your loan

Published Aug 08

OFFSET ACCOUNTS CAN SAVE YOU $$$$$$$$$$$$$ - that’s lots of dollars!

Many variable rate package or fully featured home loans come with an “offset account”. This is simply a bank account which has some sort/s of transaction facilities attached, such as a debit card or EFTPOS card. The real beauty of an offset account however, is not the convenience it offers, but the fact that every dollar in the account reduces (or offsets) interest on your home loan »more...

Self-employed and seeking a home loan

Published Aug 08

Lo Doc Home Loans - A common loan type for the Self-Employed

Today, more people are self-employed or employed on contract, so their income patterns are not as regular as PAYE employees. A Low Documentation Loan can be set up whereby you "self-certify" your income. This avoids the trouble of asking your accountant to provide up-to-date financials every time you wish to borrow money. You may have some restrictions imposed, particularly in relation to the amount you can borrow against your property - but it can save you a lot of time and stress »more...