Buying a home for you and your family is such an exciting milestone! Owner-occupied loans are specifically designed for this, and they can make the journey a whole lot easier.
Owner-occupied properties as less risky, these loans often come with some pretty great perks.
With an owner-occupied loan, you can enjoy lower interest rates and down payment options compared to investment loans. This means more manageable monthly payments and a better overall financial situation, allowing you to focus on making your new house a home.
If you’re ready to start your home-buying journey, Were here to help you every step of the way!
When buying a home to live in, it’s important to focus on comfort and affordability, not just how much you can borrow. While lenders may approve you for a higher loan amount, taking on the maximum borrowing power can lead to financial stress down the line. Instead, consider what repayment amount fits comfortably within your lifestyle, allowing room for savings, everyday expenses, and future goals.
Choosing a loan structure with flexibility such as offset accounts, redraw facilities, or the ability to make extra repayments can help you stay in control as your circumstances change. The goal isn’t just to buy a home, but to live in it comfortably and confidently.
Choosing the right loan starts with understanding your lifestyle, financial goals, and how much flexibility you need. If you value stability and predictable repayments, a fixed-rate loan can lock in your interest rate for a set period. If you prefer flexibility to make extra repayments or access redraw facilities, a variable-rate loan might be better suited.
Many borrowers opt for a split loan, combining the benefits of both. It’s also worth considering features like offset accounts, which can help reduce interest and give you more control over your finances. Ultimately, the best loan for you is one that fits your current needs while giving you room to adjust as life changes whether you're planning a family, changing jobs, or upgrading your home in future.
Making additional repayments on your home loan even small ones can significantly reduce your interest and help you pay off your loan faster. By paying more than the required minimum, you reduce your principal balance sooner, which means less interest is charged over time. Here’s how extra repayments can make a big difference:
1. Save on interest
Every extra dollar reduces your loan balance and cuts down long-term interest costs.
2. Shorten your loan term
You can shave years off your mortgage just by paying a little extra regularly.
3. Build a buffer
Many loans let you redraw extra repayments if you need funds later.
4. Create financial flexibility
Paying off your home faster gives you more freedom for other goals like investing or renovating.
5. Take advantage of good habits
Set and forget extra payments (like $50/week) to make consistent progress without noticing the difference.
Finding the right balance is key to long-term success. It’s not just about securing the lowest rate it’s about choosing a loan structure that fits your lifestyle, goals, and future plans. Whether it’s balancing between fixed and variable rates, managing repayments comfortably, or selecting features like offset accounts or redraw facilities, the right loan should support your financial wellbeing without adding unnecessary pressure. A well-balanced loan gives you the flexibility to enjoy your home now while still building a strong financial foundation for the future.
Let’s start by taking a good look at your finances together by understanding your income, expenses, and goals, we can create a solid plan to help you find the right loan that fits your needs.
At this stage, it’s essential to explore the various loan options available to you, We will guide you in identifying the loan that best aligns with your needs and financial goals.
Finding the right broker can make a significant difference in you loaning experience. We can help you connect with a knowledgeable broker through the process and secure the best options for your financial situation.
Achieving loan approval is within reach! We will guide you through entire process, from gathering the necessary document to finalising your application, we will secure your loan smoothly.
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Dasht Pty Ltd T/A Dasht ABN 90 665 645 296. Credit Representative 491272 is authorised under Australian Credit License 384704. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.
