Home Loan

Choosing a home loan is not just about interest rates. Fees and features can also make a significant financial difference so it’s important to take them into consideration. There are different types of issues that discussed here regarding home loan as below 

First Home buyers Loan

Buying a property or a home for the first time can be an exciting but perplexing process. But the rewards are terrific. A local expert Like Stealth can take the stress out of the process with expert advice and support. We will get a thorough understanding of your needs and circumstances in order to find the right home loan for you. We do all the legwork to compare hundreds of loans from our wide choice of lenders. 

Why Stealth: 

We are here to help you by doing the followings:
  • Explaining the costs & process:  we will explain all the costs and steps involved in buying a home and give you a realistic picture of what you can borrow.
  • Consider your affordability for pre-approval:  If you haven’t yet found the right home, Stealth could help to arrange pre-approval so you know exactly what you can afford.
  • Try for incentives: We’ll let you know whether you’re eligible for government incentives such as the First Home Owners Grant and help with the paperwork.
  • Assist you all the way:  When you’re ready to move ahead, your broker will prepare all the paperwork and support you at every step to settlement.
Stealth has the understanding all the Mortgage issue and others and  will be your best choice when you are looking for  a  right  and challenging lender to get a home loan and securing all the first home buyer benefits. 

Regular variable or fixed rate home loan is traditional with primary home buyers as they are easy loans with minimum cost. Basic home loans normally have a lower interest rate than the average variable rate. Particular lenders could approach you that allow to supplementary loan features as required but for a further fee. You may also acquire fees and charges if you choose to switch loans or pay off the loan earlier.


A split rate home loan is split between a fixed and variable home loan which gives you peace of mind along with flexibility. These loans generally offer all the features of a normal loan but there may be restrictions such as penalties for early repayments.

A preliminary rate with a low initial interest rate can be favorable for first home buyers as the lower repayments permit buyers to enjoy more funds for purchasing and setting up a new home.

Refinance:

People sometimes need to ensure sort of liabilities where they don’t get any alternative but to think about refinancing. If you are in such situations then refinancing your existing mortgage or home loan may be a solution for you. Stealth refinance uses the equity available in your property to repay t other high-interest debts. It may permit you to package your present monthly, fortnightly or weekly repayments from your entire amount outstanding into one convenient repayment. This means you end up paying less each time. Stealth refinancing  is aware of individual or enterprises financial condition is exclusive, so we are open  to help you and evaluate your condition and offer you with the solutions that possibly the best suit for you.

Stealth refinancing facilities:
  • Pay off your credit quicker.
  • Extending the length of your mortgage and thereby reducing the amount you repay each month.
  • Suitable interest rate and further positive conditions than your existing mortgage.
  • Aggregating your credit card and personal loan debts into your mortgage to take advantage of the lower mortgage interest rate.

Consolidate your debt through a Stealth refinance

A mortgage refinance is often used to consolidate credit card and personal loan debt. This is because a mortgage loan is usually available at a substantially lower interest rate than the interest rate you pay on your credit cards or personal loans. 

You need to make a single repayment rather than making several repayments each period by combining your aggregated amount outstanding Individual or enterprise manages their finances more effectively by finishing off paying less money in each period than they are presently paying.

Stealth Accountants can assist you with a mortgage refinance. We have relationships with numerous lenders who may be able to provide you with a mortgage refinance loan that will support you.

Investment Property:

Investing in residential property is loved by the Australians most. People love to put together their means on bricks and mortar, secure in the expertise that Housing estate can provide regular, tax-friendly rent returns and long-term growth in value. With tough competition amongst property investors across Australia, it’s never been more important to carefully think through your investment strategy, So people need to calculate and ensure the investment property loan that will maximize their returns. Investment properties make a financial return so, depending on your situation, most lenders will lend maximum 90% of the purchase price of an investment property. Usually, investors go for interest only loans as the interest payable is tax deductible and without repaying the principle, the overall repayment amount is lower. So to decide the best they often require consulting with the expert. Here we are

Why choose Stealth:

Open choice:
We can compare hundreds of highly competitive investment property loan options from an open choice of lenders, including the big financial institutions. 

Our Service cost nothing but your benefit:
Our home loan service is no cost to you because the lender will pay us, so we get all of our services regarding this issue is free of cost.

Reduce your strain:
Your Mortgage Choice broker does all the legwork and running around to get you the right investment property loan for you. So you will be free out of all the stresses.

Expediency: 
We will work for the schedule to fit your busy daily life, at the time and place that best for you.

Types of Home Loan

When considering a home loan, there are various loan types to choose from, such as variable interest rate loan (standard and basic), fixed interest rate loan and Line of Credit (equity loan). See below for detailed descriptions for each type of home loan.

Fixed rate (principal and interest) loans

A fixed rate loan is a loan that has a fixed interest rate and therefore fixed loan repayments. The time period of these loans can vary, but you can usually “lock in” your repayments for between 1-5 years. Although the fixed rate period may be 3 years, the total length of the loan itself may be 25 or 30 years. At the end of the fixed loan period, you can decide whether to fix the loan again for another period of time at the current market rates or convert the loan to a variable interest rate for the remaining time left of the loan. It has the advantages as Repayments do not rise if the official interest rate rises that will  Provides peace of mind for borrowers concerned about rate rises. Also allows more precise budgeting but allows only the limited additional payments.

Interest-only home loans

You repay only the interest on the principal during the term of the loan; therefore, repayments are lower than with a standard principal and interest loan. At the end of the interest-only period - usually one to five years - you must start making Principal and Interest Repayments over the remaining term of the loan. It is  Lower repayments initially so you have more money to renovate/improve the property. Moreover,- Cuts the cost of buying a residential investment property in the short-term, which could allow you to make greater contributions to your principal place of residence.

Though the  Lenders will assess your ability to repay the loan only on the principal and interest repayments. This can reduce your borrowing power, as these repayments will be higher than a loan on Principal and Interest for the full term.

Introductory loan

The interest rate is usually low to attract borrowers. Also known as a honeymoon rate, this rate generally lasts only for around 12 months before it rises. Rates can be fixed or capped. Most revert to the standard rates at the end of the honeymoon period.

Normally it is the lowest available rates. When payments are made at the introductory rate, the principal can be reduced quickly  and  Some lenders provide an offset account against these loans.

Line of credit loans

This type of property loan revolves around equity built up in your property and allows access to funds when needed. These products are creative ways to raise funds for investment by providing cash up to a pre-arranged limit. Each month the loan account balance is reduced by the amount of cash coming in and increased by the amount paid on the credit card or withdrawn in cash. As long as there is consistently more cash coming in than going out these accounts can work well. However, they can be very costly if the balance of the line of credit is not regularly reduced. It requires an interest-only payment as a minimum each month, which can add up to a lot of interest over the long term. Interestingly this loan has the advantage to  Use the money you need and pay it back when you can. And the home loan interest rates tend to be lower than credit cards or personal loans .The offer  has the  flexibility but the higher interest rate.

Low-doc loans

A low-doc or no-doc mortgage is ideally suited for investors or self-employed borrowers looking to refinance, purchase or renovate. No tax returns or financial reports are required. It requires  Simple income declaration form having the fully serviceable loan options, redraws, a line of credit, variable or fixed rates . it is Interest-only loans having  a high-interest rate.

Non-conforming loan

People with poor credit ratings often have trouble sourcing a home loan. Many lenders now offer what are known as ‘non-conforming loans’ for people in this type of situation. While lenders are willing to overlook prior credit problems, they will want to see some evidence of your ability to repay the loan. A larger deposit than is required for traditional loans will generally be required also. It overlooks poor credit rating and the interest rate is higher than traditional loans

Split rate (principal and interest) loans

A split rate loan is a loan that has one portion of the loan fixed and one portion variable. You can select how much to allocate to each. This loan is concerned in raising the rate. It  Provides more certainty in budgeting than full variable loans also can make additional payments on variable portion. It allows limited additional payments only as cons.

Variable (principal and interest) loans

The rate charged on a variable loan moves up or down in accordance with movements in interest rates, as set by the Reserve Bank. Basic variable loans generally have fewer loan features than a standard variable loan. Basic variable loans are suitable if you are looking to pay off a consistent amount over the full term of the loan, but are not suitable if you are looking to pay off your mortgage quickly. It has the advantage of repayments fall when official interest rates fall. It is standard variable loans offer flexibility and additional features, such as the ability to make additional payments, such as a redraw facility (take out any extra money that you have put in), low introductory or honeymoon rates. Also Allows careful borrowers to pay off the mortgage quickly by not having any penalty for advance payouts. The  interest rate is higher for standard variable loans than basic loans because they usually offer additional features

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