Frequently Asked Questions

Yes. So that you do not miss out on your perfect home, Australian Mortgage Managers P/L will make sure that you have your perfect home loan ready, subject to some conditions.
When considering your first home, you should consider proximity to things like public transport, distance from family and friends, closeness to airports and to busy roads, schools, parks & community facilities.
To make sure your property has the best potential for future growth, research is always a MUST when buying your first home. When you have short listed a property speak to your agent and the appropriate government departments to establish previous sale prices, any heritage overlays, easements that may affect future renovation or rebuilding of the property, covenants, illegal additions and the number of rates payable.
It would pay to conduct a title search to make certain no irregularities exist on the title that could prevent the sale / settlement from proceeding. It can often cost you a lot of time if you have found your perfect property and discover after you have paid your deposit that the vendor has a charge on the title that may prevent them from settling.
It is highly advisable that once you have chosen your perfect first home to speak to your agent about carrying out some basic inspection work that could save you a great deal of expense and heartache in the future. Some of the inspections that you should consider carrying out are:
Check for severe internal cracking in the cornices. Check outside the property to establish if the house is leaning more in one direction. All of this could mean restumping and the requirement to remove trees close to the property that may mean damaging the foundation of the property or the tree's root system.
Usually, if your first home includes common property, you are buying a strata titles property and you will need to ask for the following information:
Yes, as long as all borrowers meet the lending criteria.
Yes, check terms & conditions of doing so with an Australian Mortgage Managers P/L lending manager.

Variable Rate Loans

Variable rate loans are very popular and are usually lower than fixed rate loans. This type of loan can fluctuate up or down and is easier to refinance or increase, as minimal cost with doing so exists. Variable rate loans allow additional payments at your leisure.

Fixed Rate Loans

Fixed rate loans can provide payment security for up to five years at a time, given your ability to budget on a known monthly amount. If you have reason to break your fixed rate home loan before the expiry of the fixed rate you almost always will have to pay a rate break charge. Principle reduction (additional lump sum repayments).

Split Rate Loans

The ability to part fix your home loan interest rate is a good option to consider. This option allows you to work out how much you would like to repay over a particular period of time and leave the interest rate variable. The balance of your first home buyer home loan remains fixed and provides you with certainty of repayment.

Line of Credit Home Loans

A very popular option amongst Australian Mortgage Managers P/L mortgage reduction clients, a line of credit home loan allows for a highly flexible method of managing your home loan. An Australian Mortgage Managers P/L mortgage reduction program has helped many with eliminating their first homebuyer home loan much sooner. With the equity created you may invest in residential investment property, renovations, shares, (subject to your own financial advice) and anything else which may interest you. A greater level of financial discipline is required when borrowing this way.

Unsecured Business Loans