Home Loans - Living Home Loans

Home Loans

We're expert Mortgage Brokers helping residents in Coolangatta, Queensland and Australia-wide get into their home sooner with a range of Home Loan options.

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Whether it's your First Home, Next Home or Dream Home, we're on your side

Choosing the right Home Loan can be a daunting task, but with Living Home Loans, it's a journey we navigate together. Whether you're a first-time buyer, looking to refinance, or keen on investing, Living Home Loans brings expertise, personalised service, and bespoke solutions to your doorstep. Our commitment extends beyond mere transactions; we're your partners in turning dreams into reality, guiding you every step of the way.

Why choose us? Our dedication to empowering clients through informed, tailored advice makes us stand out. We understand that every individual's financial landscape is unique, which is why we offer customised Home Loan options designed to fit your specific needs and aspirations. Our team of experts is renowned for their professionalism, responsiveness, and unparalleled knowledge of the housing market. From the bustling streets of Coolangatta, Queensland, to the vast expanse of Australia, we're here to help residents navigate the complexities of home loans with ease and confidence.

Living Home Loans prides itself on its ability to provide comprehensive support to all Australians, regardless of where they reside. We leverage the latest in technology and our extensive network of banks and lenders to secure rates and terms that work in your favour, ensuring a smooth and stress-free Home Loan process. Our commitment to excellence and customer satisfaction has positioned us as a trusted Mortgage Broker in Home Loans.

In an ever-changing financial environment, choosing Living Home Loans means partnering with a firm that stays ahead of market trends, legislative changes, and lending criteria. This proactive approach guarantees our clients not just a home loan, but a competitive advantage in achieving their property ownership goals. Let us be your guide in this important journey; join the multitude of satisfied clients who've made their housing dreams a reality with Living Home Loans.

Defining Different Types of Home Loans

Whether you're a first-time buyer or a seasoned homeowner, having a firm grasp on the various types of Home Loans is crucial. Let's delve into the definitions of some common terms you're likely to encounter on your homeownership journey:

Owner Occupied Home Loans:

Owner Occupied Home Loans, as the name suggests, are loans specifically designed for individuals intending to live in the property they purchase. These loans typically offer more favorable terms and interest rates compared to investment property loans, reflecting the lower risk associated with owner-occupied properties.

Interest Only Home Loans:

Interest Only Home Loansallow borrowers to pay only the interest on the loan for a specified period, usually between five to ten years. During this period, the borrower isn't required to make any repayments towards the principal amount borrowed. While this can result in lower initial repayments, it's important to note that once the interest-only period ends, repayments usually increase significantly as both principal and interest must be paid.

Principal & Interest Home Loans:

Principal & Interest Home Loans involve regular repayments that cover both the interest on the loan and a portion of the principal amount borrowed. These repayments are typically structured to gradually reduce the outstanding balance over the loan term until it's fully paid off. This type of loan offers more predictability and stability compared to interest-only loans and helps borrowers build equity in their property over time.

Variable Rate Home Loans:

Variable Rate Home Loans have interest rates that can fluctuate over the loan term in response to changes in the official cash rate set by the central bank or other market conditions. While these loans offer flexibility and the potential for lower interest rates during periods of economic stability, borrowers should be prepared for the possibility of increased repayments if interest rates rise.

Fixed Rate Home Loans:

Fixed Rate Home Loans lock in an interest rate for a set period, typically between one to five years, providing borrowers with certainty and stability regarding their repayments. Regardless of fluctuations in the market interest rates, the interest rate and repayments remain unchanged for the fixed period. However, borrowers may miss out on potential savings if market interest rates decrease during the fixed-rate period.

Bridging Loans:

Bridging loans are short-term loans designed to assist borrowers in purchasing a new property before selling their existing one. These loans bridge the finance gap between the purchase of a new property and the sale of the current one, allowing borrowers to access funds for the new purchase without having to wait for the sale settlement. Bridging loans are typically interest-only and may involve higher interest rates and fees due to the increased risk associated with owning two properties simultaneously.

Understanding these different types of Home Loans empowers borrowers to make informed decisions that align with their financial goals and circumstances. Before committing to any loan, it's advisable to seek advice from a qualified Mortgage Broker from Living Home Loans to ensure you choose the most suitable Home Loan option for your individual needs.

Our Recent Reviews

During what was an incredibly stressful and unpredictable time, the team were absolutely amazing. Caleb remained calm, patient and professional, even when I was feeling very emotional, while Kathryn was incredibly reassuring, understanding and empathetic throughout the entire process. From our very first meeting, Caleb was professional, approachable and took the time to explain everything thoroughly, making sure I understood each step along the way. I cannot thank the team enough for their support and compassion during such a difficult time. I would highly recommend them to anyone.

Ashleigh Smith

Caleb and Kath were a great support during the process of buying our first home! We couldn't recommend them highly enough!

Breanna Little

I honestly can’t thank Kath and Caleb enough for everything they have done for Trent and myself. From the bottom of our hearts thank you both for believing in us and helping us make our dream home a reality. Building our dream home on our farm is something that means the absolute world to us without Kath and Caleb’s hard work dedication support and belief in us we wouldn’t be where we are today. They have gone above and beyond to help us through this journey and we will forever be grateful for everything they have done for us. It means so much to have people in your corner who believe in you and genuinely want to see your dreams come true and that is exactly what Kath and Caleb have done for us. Their hard work commitment and support have helped us take one of the biggest steps in our lives and we honestly couldn’t have done it without them. If you are looking for mortgage brokers who genuinely care who will work hard for you and who will go above and beyond to help you achieve your goals we can’t recommend Kath and Caleb highly enough. Thank you both for helping Trent and myself turn our dream of building our forever home on our farm into a reality. We will never forget what you have done for us and we are so incredibly grateful to have had you both by our side throughout this journey .

Rebecca Tallon

Caleb and the entire team at Living Home Loans are truly exceptional. They have gone above and beyond to help me purchase my property. They are incredibly responsive, professional, supportive, and an absolute pleasure to deal with. This team have made magic happen and I wouldn’t hesitate to recommend them to anyone looking for a home loan!

Marla Cawthorne

Frequently Asked Questions

Why should I use a Mortgage Broker?

Mortgage Brokers are there to help you find the right loan whether it be from the major banks, smaller lenders or other sources. We have a broad range of products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.

Do you charge a fee or are the any hidden costs?

Living Home Loans generally charges no fee. However, there are some more complex situations where a small fee is applicable although this will be discussed in your meeting. There are no hidden costs at all.

What kind of interest rates can you offer?

We look at a wide range of products available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of products and make sure we're always recommending the best Home Loans for our clients.

Who owns Living Home Loans and are you part of a Franchise?

We are a family owned business who is not affiliated with any franchise or outside enterprise. Living Home Loans values this independence, and we work hard to look after our community of valued clients.

Can you help First Home Buyers?

We love helping First Home Buyers! We're experts at the entire process and can help you get the right Home Loan. We're also across the various schemes to help First Home Buyers such as the First Homeowners Grant and the various stamp duty exemptions available.

Can you help with refinancing an existing Mortgage?

Of course! We believe that we can find the best interest rate for your refinance, whether it's a Home Loan or Investment Loan.

Can you only help with Home Loans?

We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.

Does Living Home Loans help Self Employed borrowers?

It can be as easy for business owners to get finance as anybody else. We bring solutions to Self Employed borrowers, such as using BAS statements as a means of adequately demonstrating your capacity to service a loan.

Are your Mortgage Brokers licensed and accredited?

All of our Mortgage Brokers are accredited and members of the Finance Brokers Association of Australia. They are extremely professional and provide exceptional service across a range of lending options.