Residential Loans
If you’re looking to buy, build, or refinance a home – either to live in or to keep as an investment property – chances are
that you’ll need a residential loan.
Because the scope of what people require for residential loans is so broad, there’s a vast amount of different loan options available. Many people find it overwhelming to sort through all the different choices out there. Which lender should you go with? What features do you need? Which loan suits the way you want to manage your mortgage? That’s what we’re here for.
No matter what you’re looking for, Pointer Finance can help you find the right residential loan for your needs now, and for when things change in the future. Once you choose a loan, we’ll help get it approved quickly, so you don’t miss out on your dream property. And we’ll be there to help guide you through market changes or life milestones that occur along the way.
Here are some of the residential loan services we offer our customers:
Buying your first home
Ready to take your first step onto the property ladder? Buying your first home is an exciting (and often nerve-wracking) adventure. We’ll guide you through the process of buying your first home and make the experience as enjoyable as possible.
Our services include helping you work out how much you can borrow, assessing the value of properties you’re interested in, finding the best loan options for your specific needs, and coordinating settlement once you find the perfect place.
Refinancing
Could you save money by switching to a better home or investment loan? There’s no point paying thousands more in mortgage repayments than you need to.
We’ll do the searching for you, present you with the best loan options available, and help you compare them to your current loan so you can make a decision about what’s best for you. If you choose to refinance, we’ll take care of the whole process, so you don’t have to do a thing.
Buying an investment
Do you have your eye on an investment property? We’re keen property investors ourselves, and we know what makes a good investment.
Finding the right investment property that complements your investment strategy can be tricky. We’ll take you through different scenarios, help you analyse your options, and find the right loan option to secure the perfect opportunity.
Building your home
Are you planning to build your dream home? As exciting as it is to create a home from scratch, it’s all too common that things will go wrong along the way.
We’ll help you construct a loan that covers you in case of any unforeseen problems, such as building delays or budget blowouts, so your dream doesn’t turn into a nightmare.
Helping family buy property
Are your family members keen to help you get into the property market sooner? Guarantor loans can take the sting out of saving for a deposit by using your guarantor’s property as additional collateral.
We’ll take you and your guarantor through the process, explain when and how the guarantee will be removed, and find you the best loan options with the lowest possible rates.
Bridging the gap between purchases
Should you buy before you sell, or sell before you buy? That’s the age-old question.
If you find your perfect home before you sell your old one, we can help you set up a short-term bridging loan to cover you during this period. That means you can buy your dream home and then take your time to get your old place ready for sale.
Bridging loans can be expensive, so we’ll help you find the most affordable options so you’re not unnecessarily out-of-pocket.
Speedy turnaround times
The property market waits for no-one. That’s why we offer speedy turnaround times, so you won’t miss out on the perfect opportunity.
Huge range of flexible loan options
Our broad range of flexible loan opportunities comes from access to over 50 lenders. It means we can find the right solution for whatever type of loan you need.
Support when you need it most
When it comes to property, we’ve seen and done it all. That’s what makes us so well-equipped to guide you through the process and do whatever it takes to make your experience a positive one.
Empowering you to make confident decisions
Whether you’re buying, building, or refinancing, we’ll guide you through the process and find you the best-fit loan so you can move forward with confidence.
FAQ
Loan options are rarely straightforward. While one loan option may offer a lower interest rate than another one, it may come with less features, higher fees, and restrictions about things like making extra repayments.
We’ll help you work out which features you need, and weigh up the pros and cons of each loan option, so you can choose the one that suits you best.
While some loans allow you to borrow as much as 95% of a property’s purchase price, if you borrow more than 80% you’ll generally have to pay Lender’s Mortgage Insurance. This is a one-off insurance premium that protects lenders in case you default on your mortgage payments. It’s added on to your mortgage, which means you’ll have more to repay.
Keep in mind that when you buy a property, there are extra costs you’ll need to factor in on top of the property purchase price.
These can include real estate agent fees, building and pest inspections, solicitor and conveyancer fees, loan application fees, government stamp duty and moving costs.
We’ll help you budget for all of these costs, so you’re not caught short.
Depending on your circumstances, you may be eligible for some concessions that will make buying a property more affordable – such as the First Home Owner Grant.
After getting to know you and your situation, we’ll let you know whether you’re eligible for any government assistance and help you with the application process.
Lenders like to see proof of a consistent income and steady employment, which can be tricky if you’re self-employed, or working on a short-term contract.
Fortunately, there are options available for people in this exact situation. Take a look at our self-employed loans page for more information.
We understand that life happens, and circumstances change throughout the life of your loan. We’ll keep you informed of market changes and get in touch regularly to make sure your loan is working for you. And if things change, we can help you find another solution.
Yes, we can help with refinancing your mortgage. We partner with [20+] lenders who offer a wide variety of loan types, fees, and interest rates. We also have special offers for limited periods.
For more information, get in touch and we can talk through your options.
There is a chance that refinancing your mortgage may affect your credit score. A refinanced mortgage is considered a new account, so it will be recorded on your credit history. Any refinancing applications will also be recorded as a credit enquiry. How this will impact your score will depend on your overall credit history.
We can help minimise the impact on your credit history by giving you detailed information about your options before you apply.
Your costs will vary, depending on the lender and any conditions on your current loan. These costs may be offset by securing a lower rate or taking advantage of a special offer, but it’s important to do your homework before you make an application to switch.
We can discuss both your current mortgage and your refinance options to help you make a confident decision.
