Solutions Designed For You
Why Choose An Award Mortgage Home Loan?
Award Mortgage makes the home loan process easier than ever before. Our unique combination of market insights and friendly customer service allows us to tailor solutions to meet your needs. With unmatched market access and attention to detail, we offer professional advice and market trends through regular weekly updates.
Award Mortgage will source a product that is suitable to your financial needs. We will do all the hard work for you in order that you may make an informed decision.
Purposes of Home Loan
1 Owner-occupied Purchase
Owner occupier home loans are designed for people who own their own home or have an existing mortgage on their current home. This type of home loan is designed to assist people as they buy their next home or renovate their existing property.
2 Investment Purchase
An investment loan is a type of home loan taken on a property in an effort to build capital over time. An investment home loan is a great mortgage solution for anyone who wants to generate rental income, whether for supplemental funds or as part of a primary profession.
3 Refinance
Refinancing home loans are designed for people who have an existing mortgage and want to switch to a different lender. There are many possible reasons to do this, with obtaining access to lower interest rates, loan consolidation, and home sales being among the most popular. Additionally, it may allow you to access equity to make home renovations or improvements.
Home Loan Process
Simplify Your Home Loan Process
With the Help of a Broker
Compare Different Types of Home Loans
| Local Full Doc | Local Alt Doc | Local with Overseas Income | Non-Resident |
|---|---|---|---|
|
Interest Rate from
5
.79%*
p.a.
Comparison Rate
6
.61%*
p.a.
|
Interest Rate from
7
.24%*
p.a.
Comparison Rate
7
.32%*
p.a.
|
Interest Rate from
6
.99%*
p.a.
Comparison Rate
7
.06%*
p.a.
|
Interest Rate from
7
.79%*
p.a.
Comparison Rate
7
.87%*
p.a.
|
| Loan Term | Max 40 years | Max 40 years | Max 30 years | Max 30 years |
|---|---|---|---|---|
| LVR | Up to 98% | Up to 90% | Up to 85% | Up to 85% |
| Repayment | Principal and Interest or Interest Only |
Principal and Interest or Interest Only |
Principal and Interest or Interest Only |
Principal and Interest |
| Loan Amount | Up to $2.5M* | Up to $2.5M | Up to $2.5M | Up to $2.5M |
| Purpose | Purchase, Refinance, Equity release or construction | Purchase, Refinance, Equity release or construction | Purchase, Refinance, Equity release or construction | Purchase, Refinance, Equity release or construction |
| Niches | Fast loan approval. AVM/ desktop valuation available. TR with local income acceptable. |
AVM/ desktop valuation available. Flexible income documents. ABN over 6 months acceptable. |
100% Offset Available. Investor Friendly Borrowing Capacity. Flexible Servicing. No country restrictions (excluding countries on OFAC list). |
100% Offset Available. No Country Restrictions. |
| Apply | Apply | Apply | Apply |
*Interest Rates are correct as at 15/04/2024 and subject to change at any time. Comparison rate based off a loan of $150,000 over a term of 25 years. WARNING: This comparison rate applies only to the examples given. Different amounts and terms will result in different comparison rates. Terms, conditions, fees and charges apply and your full financial situation would need to be reviewed prior to acceptance of any offer or product.*Loan amount is not limited to $2.5 million and it varies on different products.
Want More Specific
Document Checklist ?
- ID Documents:
- Passport or
- Driver License
- etc.
- Assets Documents:
- Contract of Sale or
- Rates Notice
- etc.
- Income Documents:
- Payslips
- Bank statement
- etc.
- Liability Documents:
- Loan Statement
- Credit Card Statement
- etc.
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