Home Loans
Buying Your First Home
We understand that purchasing your first home can be a daunting process. That's why we're here to help you every step of the way. We assist in selecting the ideal home loan from a wide range of banks and lenders, ensuring you find the best fit for your needs. We also evaluate the comprehensive costs associated with buying your property, including legal fees and insurance expenses.
We will also assess your eligibility for any government grants and stamp duty concessions, conduct thorough research on potential property options. Let us make your home-buying journey smoother and more manageable.
Buying an Investment Property
At Capital Connect Finance & Mortgage Broker, we specialize in providing tailored mortgage solutions for investors.
With access to a broad range of lenders and products, we can offer you more targeted and strategic financing solutions. We manage all the paperwork and application details, saving you time and reducing stress. We also provide expert guidance on navigating the ever-changing lending environment and market fluctuations.
Whether you are a seasoned investor or just getting your first investment property, you can trust us to streamline your investment property financing and help you make informed, effective decisions.
Refinance Existing Loan
Refinancing your mortgage can offer several financial benefits, including the potential to secure a lower interest rate, which may reduce your monthly payments and overall interest costs.
Refinancing also allows you to adjust your loan term, whether that means paying off your mortgage faster or extending the term to lower your monthly expenses. Additionally, refinancing can provide an opportunity to access equity in your home for major expenses or debt consolidation.
With our expert guidance, we can help you explore these options and optimize your financial strategy to best suit your goals.
Construction Loan
A construction loan is designed for borrowers who are building or renovating their own home rather than purchasing an existing property.
This type of loan provides funds in stages, known as 'progressive draw-downs' or 'progress payments,' to pay your licensed builder at different phases of the construction.
Instead of receiving the entire loan amount upfront, you receive installments as your project advances through its various stages. This ensures you only borrow and pay interest on the funds you need at each stage of your build.
Bridging Finance
Bridging finance, also known as bridging loans, are short-term loans (up to 12 months) designed to help you buy a new property before selling your current one. These loans can also fund the construction of a new home, while you continue to live in your existing property.
A bridging loan covers the mortgage on your current home and finances the purchase of a new one. The total borrowed, known as Peak Debt, includes your existing mortgage balance, purchase price of new property, and additional costs like stamp duty and lender fees. Repayments are typically interest-only, with interest often capitalized until your current home sells. After the sale, the net proceeds reduce the Peak Debt, leaving the remaining amount as the End Debt, which is then repaid as a standard mortgage.