CrediFlex ~ Here to provide you with the most suitable
Home Loans Caboolture
finance for your home, vehicle or business.
Who are we? We’re mortgage brokers servicing the Caboolture, North Lakes & Brisbane North area. We’ll help navigate you through the competitive and ever-changing mortgage landscape to find the right loan for you. We’ll go into bat and negotiate your mortgage or finance on your behalf, and we’ll make the process as simple as possible for you, geared up to deliver fast results. We’ll help you avoid the pitfalls, and we’ll find loan features to suit your personal circumstances.
More than just home loans
We are also business finance experts at saving clients $000’s in interest and fees for business and equipment finance. Some business loans can qualify for home loan terms, while other loans for working capital, import/export etc can also be arranged. Complex loans are our speciality.
Most people who rent do not realise they can afford to buy until they see us. At the moment, with the low interest rates, it is often cheaper than rent! Some banks even consider the money you have paid in rent as genuine savings. Talk to the experts! CrediFlex ~ Caboolture/Morayfield, North Lakes & Brisbane North.
If your bank has said no then we can help!
We can help you source a loan from one of our specialist lenders even if you have loan arrears, taxes owing or defaults on your credit record. CrediFlex ~ Caboolture/Morayfield North Lakes & Brisbane North specialises in the hard to get loans.
Different kinds of Home Loans
There are multiple kinds of loans that exist to benefit you.
Variable rate home loans often provide additional flexibility and are the most popular type of home loan in Australia. As the name suggests the interest rate is variable and therefore fluctuates with the Reserve Bank of Australia’s movement and the cost of the financial institution sourcing funds to lend. Variable rates are generally broken into two categories by financial institutions: basic and standard.
As the name suggests the basic variable rate only covers the basic home loan features. On these loans you won’t have access to features such as a redraw facility; however this also means the interest rate is generally slightly lower than other loans.
The standard variable rate is traditionally slightly higher than the basic variable, however along with this you receive extra features such as a redraw facility, repayment frequency flexibility, portability and the option to pay in advance.
Variable loans generally require closer monitoring, especially if you overcapitalise and interest rates rise. It is important to make sure that you budget and plan for the future should interest rates rise, to ensure that you are able to meet the required repayments.
Fixed rate home loans generally have all of the features of a standard variable product; however the interest rate is fixed generally from one to five years. Fixed rate products are great products to help maintain the household budget because the repayments will not change during the fixed period.
However, a fixed rate loan means you could end up paying more if interest rates fall. It is possible to exit the loan agreement if you feel it is right to do so, although lenders will generally charge penalty fees to compensate for any loss in profits they may suffer.
For more information about types of Home Loans, check out our blog post here.