Types of Loans available
Loans to suit almost every situation
We have loans to suit almost every purpose, including first home and subsequent home purchases, investment property purchases, business purchases, Reverse Mortgages, refinancing your existing loan(s) and consolidating other debts into your mortgage.
Bernie Lewis Home Loans can also help you if you have a low income, no deposit, poor credit history or if you simply don’t think you fit the home loan criteria.
Our Accredited Mortgage Consultants can help you find a loan product to suit your situation, which may save you money and provide you with more flexibility.
We can help you with:
Home loans
These types of loans are available to you if you are:
• buying your first home;
• selling your existing home to buy a new home;
• building a new home;
• buying an investment property;
• refinancing your existing home; and/or
• consolidating your debts, including credit cards, store cards and/or other loans into your mortgage.
We have different types of loan products suited to these situations, including variable and fixed interest rates, honeymoon rate loans, bridging loans, 100% offset loans, line of credit loans, loans for self employed and low deposit loans/family guarantees.
Reverse Mortgages
A Reverse Mortgage, also known as Home Equity Release, is available to you if you are over the age of 60. It allows you to unlock the equity in your home for any purpose. This could include lifestyle enhancements, supplementing your superannuation or pension, financial assistance for your children, or for medical care and treatment. Importantly, no repayments are required on the loan. Instead, the loan plus accrued interest and charges is repaid upon sale of your property, moving into long term aged care or death.
Personal loans
Secured and unsecured personal loans are available for just about any worthwhile purpose. Secured personal loans are generally for purchases like a new car, boat or caravan.
Business loans
This type of loan provides capital for the purchase, expansion or running of a business.
Commercial loans
Commercial loans are used to purchase or refinance industrial or commercial property.
Leasing/Hire purchase
These types of loans are available for leasing or hire purchase of vehicles, plant or equipment.
For further information regarding the types of loans available, finance options and lending terminology view our Understanding finance page.
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