The types of loans that All Choice Mortgages offers are detailed below

Fixed Rate Loans

With these type of loans you have a set interest rate for a period of time which gives the borrower the advantage of knowing what the repayments will be for the term of the loan. This protects the borrower from any future rate rises during this period. This loans usually have a restriction on the amount of extra payments that can be paid of the loan during a fixed period.

Variable Loans

Variable Loans - This is the most common type of home loan and is favoured by many due to it's flexibility and many features. A variable loan can come in the form of a Basic Variable or a Standard Variable Loan. Standard variable loans come with added features such as Redraw facilities, offset accounts and the ability to make lump sum payments. A basic variable has reduced features compared to a standard variable but will often have a lower interest rate.

Split Loans

With these types of loans you can decide what portion of the loan you would like to have fixed and what portion you want as variable, this enables you to protect against rising interest rates and maintain the extra features of a variable loan such as the ability to make extra payments and the availability of redraw and an offset account.

Line of Credit

With this type of loan you are approved up to a set limit and this works in much the same manner as a credit card. You have the ability to access funds at any time and can have your salary deposited directly into the loan. The purpose of the loan can be for various reasons such as investing in shares, buying an investment property, going on a holiday or renovating your home. The benefit of this type of loan is that the funds can be accessed at any time for any purpose via atm card or by cheque.

Professional Package Loans

These loans offer a discounted interest rate and have the added benefits of a fee free transaction account and credit card. An annual fee usaully applies on these types of loans. Both fixed rates and variable rates are available under a Professional Package.

Lo Doc Loans

Lo Doc Loans are designed for self employed people who may find it hard to show their income due to lack of financials, clients can self certify their income thus meaning clients do not have to have their tax returns prepared everytime they want to borrow.

Refinancing & Debt Consolidation

This enables clients to refinance their existing home loan and roll in any other high interest loans such as personal loans and credit cards into their home loan thus enabling the client to obtain a lower interest rate.

100% Finance

These types of loans are suited to First Home Buyers and buyers with no or little genuine savings, clients do not need to show a savings history but simply need to have the funds to cover their costs such as legals, Mortgage Insurance etc.

Senior Loans

This enables borrowers over 60 years of age to borrow on the existing equity in their home. Clients are able to borrow a pecentage of their home value to
fund their retirement or improve their lifestyle with no required loan payments until the property is sold or can be taken from their estate.

Bridging Loans

This enables you to purchase a new home whilst trying to sell your existing property, clients can borrow the funds to purchase their new home whilst their existing home loan can either be repaid or the interest can be capitalised and repaid out of the proceeds once the property is sold.

Construction Loans

These loans can be either for a construction of an owner occupied home or an investment property these are usually done on a progress payment system which takes the hassles out of financing the construction.

Non Conforming Loans

These loans are designed for borrowers who do not qualify for your standard loans due to various circumstances such as a poor credit history.

Commercial Finance

In addition to residential finance we offer a variety of options regarding commercial finance and have access to a variety of lenders, so whether you are purchasing a commercial property or looking at financing a business venture we have the experience and options available to help.

Motor Vehicle & Equipment Finance

We also have a variety of funders who specailise in Motor Vehicle and Equipment finance.