Testimonials

“The entire experience was fantastic. Everything was explained, there was complete follow through and if we had a question, we got answers right away.”

- Michael N., NSW

“They were very efficient, helpful, informative and expressed that they really care for you as a person and not just business. It was more of an experience, as if someone that cared, more like a friend.”
- Rolando C., QLD

“The best loan processor I’ve ever come across!”
- Allan H., NSW

“First of all you were very friendly, knowledgeable and helpful. You didn’t make me feel like I was a stranger or anything like that. There were a couple different types of loans and you helped me get the one that really satisfied my needs. Like I said, you really knew what you were talking about.”
- Shirley C., NSW

“Personable, easy to work with, very friendly. They didn’t sound like a big corporation and everyone seemed to enjoy what they were doing. Took the time to answer questions and make sure we understood everything. It was a great process.”
- Jason T., VIC

“They kept things flowing through closing and they called me to say we could close early. It was wonderful.”
- Barbara D., VIC

Types of Mortgages

Lake Macquarie Mortgages & Commercial Finance will help you decide which plan is best for you. It is always a good idea to do a little research on what kinds of plans are available, so that you can better understand the plans proposed to you. Briefly, here are some of the types of loans you might be considering.

Repayment mortgage: This is the most common, and is the simplest to understand. Repayment mortgages work on a time-line basis, and unless there is a problem with your payment schedule, your loan will be guaranteed to be paid in full by the end of your commitment.
Endowment mortgage: This type of loan is paid bi-monthly. The first payment is for the interest on your loan, with the second being a fee paid to an insurance company for an endowment policy.
Interest only mortgage: This plan focuses on paying back the interest accrued first, leaving the capital owed to be paid at the end of the payment schedule.
Pension mortgages: This mortgage is also paid in two categories, bi-monthly. The first payment is for the interest on your loan, and the second is for a pension policy premium.

Protecting Your Home Mortgages

When acquiring a home equity loan, you will consider home mortgages payment insurance. In the event you are not able to pay for your monthly bill, this type of insurance will assist you.

Without this insurance, and in the event of a financial mishap, you could lose your home. There are several types of this insurance coverage, and they will vary depending on your financial background, whether you are self-employed, as well as whether you are a part-time employee.

After considering your options, it’s time to apply for a home mortgage loan.

Email Lake Macquarie Mortgages & Commercial Finance and arrange an appointment.

Once you apply, you will have a clearer picture as to exactly what types of loans are available to you for your financial situation.