LPG Home Loans

LISA PHILLIPS GROUP PTY LTD HOME LOANS

Purchasing More Than One Property

If you are purchasing more than one property your finances can become a lot more complex. Through understanding your short and long-term needs LPG can find a solution tailored to best suit you. Whether it is a deposit bond or a speedy refinance of an existing property required to enable settlement, or debt consolidation, LPG have the knowledge and skill to find the right solution.

First Home Buyers

If you are ready

to stop renting and move into your own home, LPG can source the loan that best suits your needs. Buying your first home is a major milestone in your life but it does not need to be stressful or confusing. LPG have several options for first home buyers which can make the purchasing process easy and affordable.

Refinancers

If you are looking for a new loan with a better interest rate and greater features, or if you would like to consolidate your debts into one easy to manage interest and repayment schedule then LPG have several options for you.

Standard Variable Loans

Standard variable loans are suitable for borrowers who are looking for a very flexible, competitive loan. The interest rate on this loan moves up and down in line with official rate fluctuations, meaning the interest rate may go up or down during the term of the loan.

Basic Variable Loans

Basic variable loans are suitable for borrowers who are not looking for the full range of features normally associated with the bank’s standard variable loans. These loans are typically ‘no frills’. As with the standard variable loan the interest rate on this loan moves up and down in line with official interest rate fluctuations. This means the interest rate may go up or down during the loan term.

Family Equity Loans

Family equity loans can assist borrowers in buying a property that have a small or no deposit. Parents can assist their children by allowing them to borrow a portion of the funds required using the equity in the family home.

Professional Packages

Professional Packages are generally offered to people who are borrowing larger amounts of money by offering them various interest rate discounts in exchange for an annual fee. Under Professional Packages, different lenders offer different features and rates, generally according to the amount you are borrowing and the loan structure. With a Professional Package the banks will waiver application and valuation fees.

Honeymoon Home Loan Rates

Honeymoon or introductory rates are offered to attract borrowers with a low advertised home loan interest rate that may be as much as one percentage point below the standard home loan rate and therefore look very attractive. The rate can be fixed, capped or variable for the first six to 12 months of the home loan. After that period, they usually revert to the standard variable rate offered by that lender.

Fixed Rate Loans

Fixed rate loans are loans where the borrower’s interest rate and repayments are fixed for a set period, usually from one to 10 years, the advantage is borrowers have certainty of repayment amounts. Even if the interest rate rises, the repayments on these loans stays the same as their interest rate is fixed for the duration of the agreed period. This will help the borrower to have the ability to manage their loan repayments over a specified term The disadvantage, is the repayments are limited and exceeding these limits will incur break costs.

Non - Conforming Loans /
Credit Impaired Loans

Specialist lenders offer non-conforming loans to people who don't meet the bank's stricter lending criteria, you may have a bad credit history, due to lack of work or unexpected business losses. These type of loans normally attract a higher interest rate.

Construction Loans

Construction loans are for borrowers who are looking to build on an existing block of land or can be used for a house and land purchase. The loan balances increases progressively during the construction period and the repayments required increase as the loan balance increases. During the construction period repayments are usually interest only until the house is completed. Loans will usually revert to principal and interest at the completion of construction.

Business Loans, Commercial and Development Funding

Are you looking to set up your own business? Whatever your situation, LPG have a commercial finance product to suit your needs. We can provide:

• Construction funding for commercial and residential products
• Commercial property funding for purchase and refinance of industrial, office, retail and residential projects
• Land Subdivisions
• Private funding
• Debtor Finance

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