Residential and Investment Loans

It is assumed a home loan can only be used for the purchase of real estate.

However if you are looking to purchase a boat, motor car, obtain some cash for that once in a lifetime trip - The cheapest way of doing this is through your mortgage.

Why take out a separate car loan and pay 9% or more interest, when we can package all your loans together to take advatange of a lower interest rate, which will save you thousands of dollars every year?

And if you are looking to purchase an investment property chances are you won't need any cash to do so, because we can use the equity in your existing property as a deposit.

However if you don't own a property, we can help you get started and as you will see from our First Home Owners and 100% Loan Sections below, we will carefully take you through the process and simplify everything for you.

Are you aware Sydney property values have doubled on average every seven to eight years for the past 100 years?

To confirm this is true, go to the Mitchell Library in Sydney and read the Real Estate Section of the Saturday Sydney Morning Herald over the past 100 years.

Then select a typical suburb and note the average price of a property in that particular suburb and you will see prices have doubled on average about every seven to eight years.  And this trend will continue because Sydney is one of the great major cities of the world and it is the Australian city where the majority of newly arrived migrants choose to live.

Property is known as "Real Estate" because it is real and you can expect to double your money every seven to eight years, so let us show you the quickest and easiest way to securing your financial future!

Low Documentation Loans

Low Documentation Loans (which are also known as No Document Loans) were originally designed for self-employed borrowers who did not have up-to-date financial records on hand to verify their income.

However, Low Document Loans are now also available to everyday employees and the other good news is Lo-Doc Loans can be used for investment, owner occupied or refinancing purposes!

So let us show you how a Low Document Loan can work for you.

Pre-Approved Loans

The key to being a successful property investor is doing your homework and it makes good sense knowing exactly how much you can borrow before making an offer to buy a property.

At Ryde Home Loans we offer free and fast Pre-Approved Loans.

Give us a call and we will work out exactly how much you can borrow, which will give you peace-of-mind and save you time by knowing exactly how much you can spend in purchasing your property.

The best news is you have nothing to lose and all it takes is the cost of one telephone call to us and a couple of minutes of your time!

First Home Owners

Ryde Home Loans will help make buying your first home easy by gently taking you through all the borrowing stages and answer any questions you may have, such as:

• How much of a deposit will I need?
• What are all the costs of buying a property?
• How much can I borrow?
• What loan is best suited to me?
• How much will my repayments be?

There are great incentivies for first home buyers with the First Home Buyers Grant where the Federal Government will give you $7,000 to assist in the purchase of your first property.

The State Government is also doing its bit to help by offering generous exemptions and discounts on any stamp duty payable, which will save you thousands of dollars.  For instance, if you purchase a property for $300,000 you will be given a $7,000 grant by the Federal Government and you will save about $9,000 by not having to pay any stamp duty to the NSW Government.

With our 100% loan packages (see the next section), almost anyone in steady employment can obtain a loan to purchase their first property and then be on the way to their future financial security.

Just how much you can borrow will depend on whether or not you have a deposit, how much you are earning and the value of the property you are thinking of purchasing.  However, with our specialised software, we can quickly work all those things out for you.

We also have discounted introductory rates for the first year, which has been a popular feature with our first home owners.

100% Home Loans

We have lenders who will provide 100% and even 106% loans, which is good news for people who are looking to purchase their first property.

Because of the risk factor to the lender, the interest rates are around 9% which is about 2% more than the standard variable rate.

However, provided you can comfortably meet your loan repayment, this is a great way to get started, because the standard interest rate in Australia in the early 1980's was around 16.5% and the average price of a home in a typical suburb like Ryde was about $200,000.

Today, those same properties in Ryde are worth between $800,000 and $900,000 and because these people weren't scared of paying a little extra interest for a couple of years, they made between $500,000 and $700,000 by purchasing their properties.

The 100% and 106% loan packages are a great option if you are not too concerned about paying a little extra interest for a while, because the value of your property should increase in a couple of years which will give enough equity to refinance your loan into a lower interest rate.

Professional Packages

Professional Packages provide interest rate discounts of between 0.50% and 0.75% to specific borrowers.  And you do not have to be a 'white collar' professional to be eligible for a discount on your loan.  So give us a call and we will see if you qualify for one of the many professional packages.

"No Repayment" Seniors Loans

Also known as Reverse Mortgages or Equity Release Loans, No-Repayment Seniors Loans are designed for retirees aged 60 or more, to enable them to use the equity in their property so they can have some money to lead a more comfortable lifestyle, without having to sell their home.

The borrower does not have to make any repayments as all the interest and fees are capitalised (added) to the loan and no repayments are made until the property is sold, the borrower is no longer living in the property or the borrower is deceased.

We have lenders who will let you borrow up to 45% of the value of your home and the funds can be provided in one upfront payment or drawn down as required.

Lenders apply strict conditions to Seniors Loans and all applicants are required to seek independent financial advice before funding can be approved. So give us a call and we will tell you more about 'No Repayment' Seniors Loans.

Consolidation and Refinancing Loans

With the recent 0.25% interest rate increase announced by the Reserve Bank Board, now is the time for you to call us so we can review your current loan to see how much money we can save you.

All of our 32 lenders are competing for your business by offering low interest rates and some months ago, a couple enquired if we could provide them with a loan which would reduce their repayments, as they were paying $3,240 every month:

We refinanced all their loans into the one loan so this couple is now only paying $1,680 per month, which is saving them $1,560 every month. So now is the time for you to call us so we can show you how to beat the interest rate rise! 

Non-Conforming Loans

Some people believe they may not qualify for a loan.

They could be casual or part-time workers, contract or seasonal workers, people with irregular savings patterns, those with an adverse credit history, people with defaults and judgements recorded against them, discharged bankrupts and others whose financial situation has been impacted by certain life events such as a divorce or temporary unemployment.

They could also include older borrowers or recently arrived immigrants.

Non-Conforming Loans do not rely on typical qualifying guidelines and allow for past or current credit problems, such as bankruptcy and loan arrears.

We have successfully provided Non-Conforming Loans for many applicants who thought they did not qualify for any type of loan.  We are proud of our success in this area and will always do our best to have your application approved with one of our Non-Conforming lenders.

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