We cater for borrowers at all different stages of life and in varying circumstances:
- First Home Buyers, Refinances, Construction loans
- Novice to the long term investor
- Self employed – whether sole trading, running a business or Company.
- People with complex lending situations that may not fit a traditional lender, like property, unit or Discretionary Trusts and Specialty lending requirements.
For First Home Buyers
As a first home buyer you may be wondering how it all works! We help first home buyers to achieve their dreams every day. Quite often lenders offer first home buyers concessions on rates and fees, to help them get their foot in the door. We can help you decide which of these offers is going to be best for you. We even lodge your First Home Owners Grant Application for you. Call us today if you are in the market for your first home, because we are as excited as you are.
For Investors
Investors typically have more complex loan structuring requirements. They need to split their loans into those which are tax deductible and those that aren’t. Investors may also find value in packages that offer business loans that are residentially secured at lower rates. We can offer you a loan structuring proposal for all your investment needs.
Land and Construction Loans
Thinking of buying land and building your own home? Construction loans generally finance your land, and then based on a number of draw-downs, it will fund your home’s construction with your builder. Owner builder loans are also available but you will need to meet your owner builders licensing requirements for the state you are building in. Although they can seem daunting at first, we will explain the whole process to you and assist you with funding the loan from day one, until your home is complete and you are ready to move in.
Bridging Finance
Found the ideal home to upgrade to, but haven’t sold your existing home yet? Bridging finance is the answer. Bridging finance allows you to buy and move into your new home, while your old home is still on the market. Bridging finance typically allows you 6 months to sell your old home. For this period repayments are not required, instead the interest is just added to the loan for this period, and is paid out when you sell the property. It’s cheaper to sell the property as soon as you can but bridging finance can be a great solution so you don’t miss out on the right house.
Lo Doc or No Doc Loans
For self-employed applicants without tax returns or paperwork to verify income, we can offer an easy solution. The introduction of “Lo Doc” solutions means that you simply sign a declaration and state your income. The rates on Lo Doc loans are as good as standard loans too. There are also “No Doc” solutions available which don’t require a declaration of income, simply a declaration of your ability to repay the loan. Policies, rates and fees differ greatly from lender to lender so if you are self-employed without financials, using our knowledgeable staff to identify the best solution is priceless. Call us on 1300 733 823 for more details on Lo and Full Doc loans.
Top Up Loans, Loan Increases
Want to buy a car, go on a holiday, renovate, consolidate debts, invest or access equity in your home? Top up loans can be offered for nearly any worthwhile purpose. If you have enough equity in your home you can potentially access this as an additional loan, or a top up to your current loan. Speak to one of our consultants today to check your borrowing capacity.
Credit Impaired
Life is not perfect, and sometimes things do not go quite as planned. Reduce Home Loans have a wide range of options for borrowers with past and present credit issues. Defaults, debt consolidation, Mortgage Arrears and even Bankruptcy – We can cater for any of these issues and help to get you back on the right track.
Why choose Reduce?
We’re called Reduce Loans for a good reason! We’re dedicated to providing cheap and easily available finance to anyone, regardless of their circumstances. With an easy way to apply online and a quick, speedy approvals team there’s no reason why not to!
