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Whether you're looking to buy your first home or investment property, or renovating or refinancing, we can help. Whether it's a standard home loan, a low doc loan, a line of credit, or even bridging finance, we'll help you every step of the way, from applicationto approval and beyond.
 
The range of loan products on the market is extensive and the application process can be complicated. Link Finance Group can professionally guide you through the process and ensure we secure the right loan for you.

 

Some of the ways we can help with your home:

 

  • Owner/occupier or investment property loans
  • Principal & interest or interest only loans
  • Variable or fixed rate loans; or a combination of both
  • Professional packages
  • Low documentation loans for the self employed
  • Re-finance and consolidation of existing loans
  • Line of credit
  • Bridging finance
 

8 Steps to Homeownership

 

 

1. IDENTIFYING YOUR

FINANCIAL NEEDS

 

We will meet with you to identify your financial needs and goals to find the loan product and solution that best matches your circumstances.

 

2. PREPARE YOUR

APPLICATION 

 

After we find the best loan for you, we will help you prepare your application with getting all the right documents together for submission

 

3. CONDITIONAL

APPROVAL

 

Your application has met the bank’s minimum criteria. A conditional approval has been granted subject to the bank’s lending requirements.

 

4. UNCONDITIONAL

(FULL) APPROVAL

 

Congratulations, your home loan has been approved! This is formal acknowledgement from the lender that your application was successful.

 

5. MEET OUR FINANCIAL PLANNER

 

As this is one of the biggest financial commitments of your life, our in house Financial Planner can ensure that your financial assets are protected.

 

 

6. SIGNING OF LOAN DOCUMENTS

 

When your loan documents arrive, we can arrange a time to help you complete the signing of your loan documentation.

 

 

7. LOAN

SETTLEMENT

 

Your solicitor/conveyancer will liaise with the lender to complete settlement, or if refinancing, settlement will be completed from lender to lender.

 

 

 

8. KEEPING

IN TOUCH

 

Be assured, we’re here to help even after settlement. Contact us if your finance needs change to make sure you have the best loan solution available.

 

 

Click here to view Loan Information Requirements

 

 

Get your Questions Answered

FAQs

 

WHAT ARE LMI & LVR?

 

If you need to borrow more than 80% of the amount your property is valued, you may need to pay Lenders Mortgage Insurance (LMI). Banks often call this percentage the ‘LVR’ , which stands for ‘Loan to Value Ratio’. LMI protects the lender if you default on your loan. For some property types, LMI might be required when LVR is less than 80%.

SHOULD I GET AN OFFSET ACCOUNT?

 

If you have money in an everyday banking account, you may choose to move it into an offset account. You can link it to your home loan to help you save on interest charges. The money you have in an offset the amount you owe on your home loan, and you’ll only be charged interest on the difference.

 PRINCIPAL & INTEREST, OR INVEST ONLY?

 

Let’s put it this way: if you choose interest only, your minimum repayments will be lower during the interest only period because you are not required to repay the principal balance. You will have to repay the principal down the track and you will pay more over the life of your loan. Choosing to repay principal and interest means that you’re actually paying off the total loan amount over the period of the loan, not just the interest charges.

HOW IS INTEREST CALCULATED?

 

Interest is calculated based on the unpaid daily balance of your loan. For example, if you had a loan balance of $150,000 and your interest rate was 5% p.a., your interest charge would be: $150,000 x 5% divided by 365 days = $24.66 for that day. For most Home Loans, interest is usually calculated daily and charged monthly.