If you're buying a home to live in, an Owner-Occupied Home Loan is a great choice. This loan offers more favorable terms for owner-occupiers and comes with added benefits like lower interest rates and flexible repayment options.
AOwner-occupied loans typically offer more competitive rates compared to other types of home loans, helping you save on interest over time
You can choose from weekly, fortnightly, or monthly repayments to suit your budget and lifestyle.
First-time buyers may qualify for government grants and stamp duty concessions, easing the financial burden.
Some lenders may waive Lenders Mortgage Insurance (LMI) for first-time buyers with a larger deposit.
Many owner-occupied loans allow you to redraw any extra payments you've made, giving you flexibility with your finances.
Reduce your loan's interest charges by linking an offset account, where the balance is deducted from the loan principal for interest calculation.
Ideal for borrowers with regular, verifiable income. You’ll need to provide payslips, tax returns, bank statements, and a good credit history.
Suitable for self-employed borrowers or those without traditional income verification. While fewer documents are required, you may need to provide evidence of your ability to repay, such as BAS statements, accountant declarations, or business activity statements. Low Doc loans typically have higher interest rates but offer flexibility for those without full documentation.