Home Loans
AAA Loans Australia help customers realise their dream of home ownership.
 | ||
 | ||
Mortgage Brokers With a 95% Loan Approval Rate.
Access To More Than 80 Lenders
Fast And Simple Application Process
Impressive Customer Reviews
First Home Buyers
As a first home buyer, you might have a lot of questions about getting a home loan. We are here to help you with all the information you need to know. We offer a range of home loans specifically designed for first home buyers, with features like low deposit requirements, government grants, and flexible repayment options.
Simplified Mortgages, Helping first home buyers save thousands
At AAA Loans Australia, we believe that buying a home should be a straightforward process. That’s why we seek out the best home loan for your circumstances, with simple, easy-to-understand terms, and competitive interest rates. We’re committed to helping you save thousands of dollars over the life of your loan.
Finance and Mortgage Brokers you can rely on
- Access to a Wide Range of Lenders
- Expert Advice and Guidance
- Time and Cost Savings
- Personalised Service
Home Loan Refinancing
Refinancing your home loan can help you save money in the long run. If you have an existing home loan, you may be able to switch to a new loan with a lower interest rate or better features. We offer refinancing options that can help you reduce your monthly repayments, consolidate debts, or access equity in your home.
Common reasons for refinancing your home
Refinancing a home loan can not only save you money on your monthly mortgage payments but can also provide an opportunity to access the equity in your home. This can allow you to fund home renovations, pay off high-interest debt, or invest in other assets. Additionally, refinancing can give you the flexibility to switch from a variable to a fixed interest rate, providing peace of mind in a changing market.
Call our refinancing home loan experts today to get started.
Home Equity Release
Home equity release allows you to access the equity in your home without having to sell it. This can be a great option for those who are retired or have limited income streams. With our home equity release options, you can access a lump sum payment or receive regular income payments, while still retaining ownership of your home.
Home equity release is a great option for many circumstances
Here are some common reasons why someone might consider getting a home equity release loan:
Supplementing retirement income: Many retirees have limited income and may struggle to make ends meet. A home equity release loan can provide a source of additional income to supplement Social Security, pensions, and other retirement benefits.
Paying for healthcare expenses: As people age, healthcare expenses tend to increase. Home equity release loans can provide a source of funds to cover medical bills, long-term care costs, and other healthcare expenses.
Home repairs or renovations: Homeowners may need to make repairs or renovations to their homes as they age to make them more accessible or safer. A home equity release loan can provide the funds needed to make these improvements.
Paying off debts: Homeowners may use a home equity release loan to pay off high-interest credit card debt or other loans, which can help them save money on interest and reduce their monthly payments.
Funding education expenses: Some homeowners use a home equity release loan to help pay for their children or grandchildren’s education expenses.
Travel or leisure activities: Homeowners may use a home equity release loan to fund travel or leisure activities they have always wanted to do, such as taking a cruise or going on a dream vacation.
Homeowners should consult with one of our experienced finance brokers for guidance on options for taking out a home equity release loan.
Investment Property Loans
Investing in property can be a great way to build wealth and secure your financial future. If you’re looking to purchase an investment property, we offer a range of investment property loans with flexible repayment options and competitive interest rates. Our team can help you find the right loan for your investment goals and financial situation.
The types of loans available for Investment Properties
In Australia, some of the common types of personal investment property loans include:
Standard Variable Rate Loans: These are the most common type of home loans in Australia, and they can be used to purchase investment properties. The interest rate on a standard variable rate loan can fluctuate over time based on market conditions.
Fixed Rate Loans: These loans have a fixed interest rate for a specified period, usually between one and five years. Fixed rate loans provide certainty around monthly repayments, making them a popular choice for investors who want to manage their cash flow.
Interest-Only Loans: With an interest-only loan, the borrower only pays the interest on the loan for a set period, typically between one and five years. This can help investors reduce their monthly payments, but they will need to pay back the principal at the end of the interest-only period.
Line of Credit Loans: A line of credit loan allows borrowers to access a pre-approved limit of funds as needed. This type of loan can be useful for investors who want to renovate or make improvements to their investment properties.
Low Doc Loans: Low doc loans are designed for self-employed borrowers who may not have the same level of documentation as traditional borrowers. These loans often have higher interest rates and require a larger deposit, but they can provide flexibility for investors who are building their property portfolio.
Ready to invest in property? Call our qualified mortgage brokers for obligation free discussion.
Frequently Asked Questions
Home Loans
What is the process for getting pre-approved for a home loan?
The process with AAA Loans Australia for getting pre-approved for a home loan typically involves the following steps:
- Our broker will review your financial situation, including your income, expenses, assets, and debts and may also check your credit score and history to assess your creditworthiness.
- From this information our broker will determine how much you may be able to borrow from the list of lenders which are most likely to approve your loan and/or are most suited to your circumstances.
- Based on this information, the broker will provide you with a pre-approval letter, which indicates the maximum amount you are pre-approved to borrow for a home loan.
This letter can be used to demonstrate to real estate agents and sellers that you are a serious buyer who is ready to make an offer.
It’s important to note that a pre-approval is not a guarantee of a home loan. Once you have found a property and made an offer, the broker will formalise your loan application with the lender to seek full approval.
What are the upfront costs associated with buying a house?
The costs associated with buying a house vary but here is general guide of expected costs.
Deposit: You will need to negotiate with the sellers agent on a suitable deposit.
Stamp Duty: Stamp duty fees vary from state to state. To understand the stamp duty fee schedule in your state, visit this site for an estimation of stamp duty.
Legal Fees: Legal fees vary depending on the searches needing to be conducted by your solicitor or property conveyancer for your purchase. We recommend getting a quote before appointing a solicitor or conveyancer for the purchase of your property.
Pest and Building Inspections: Contact a local pest and building inspector to get a gauge on pricing.
Self Employed Applicants
Do banks lend to people who are self-employed to buy a house?
Yes, there are many banks in Australia that lend to self-employed individuals for the purpose of purchasing a property. However, the specific lending criteria and requirements can vary between lenders.
Our mortgage brokers specialise in working with self-employed clients. We recommend reaching out to us to help you navigate the requirements between different lenders.
Income Testing
Do lenders take into account rental income for serviceability?
Lenders do consider rental income from investment properties when assessing serviceability for a home loan. However, it’s worth noting that most banks typically only take 75% of the rental income into account when making this calculation.