Mortgage Broking

Our accredited Lending Team boast key business relationships with leading lending institutions. We can help you, consolidate debt and aid you in reaching your business or personal financial goals. Assisting you in achieving the lifestyle you want.

Callaghans provide finance for both business and personal clients with competitive loan structures and interest rates as well as a wide range of loan products to suit.

We pride ourselves on the ability to provide clients with a range of lending options such as; Home Loans, Investment Loans, Motor Vehicle Finance and Consumer Loans. We offer all of our clients with the choice of lender and loan product to meet their needs and goals.

Mortgage options 101

Ideal for First Home Buyers

  • Low Variable Rate – rate can fluctuate up or down depending on the market.
  • Low or no fees.
  • No flexibility.
  • Low Variable Rate
  • Flexible ‘add ons’- Offset Account, Redraw Facility
  • Monthly fee or Annual ‘Package Fee’

Ideal for borrowers who want/need certainty with loan repayments.

  • LOW Interest Rate – currently at historically low levels.
  • Low fees.
  • Break fee – applicable if loan is paid out (refinanced) before the full term of the contract.
    No flexibility.

Borrower uses Equity in their existing property to borrow against.

  • Higher Interest Rate – Applied to drawn funds
  • Fees apply.
  • Flexible product – Ideal for borrowers looking to invest, do renovations etc.
  • Funds can be used for many purposes. E.g. investment such as shares

Borrowers who want to take advantage of low interest rates, certainty of repayments and flexible options.

  • Low Variable Rate Loan and/or LOW Fixed Rate Loan and/or Line of Credit Loan.
  • Flexible ‘add ons’- Offset Account, Redraw Facility
  • Monthly fee or Annual ‘Package Fee’
  • Borrower decides on the percentage % of the splits.
  • Interest Only – only pay the monthly interest Nothing off the Loan amount. Often used for investment loans.
  • LVR – Loan to Valuation Rate. If the loan amount is 80% of the purchase price (or valuation of the property) there will be no requirement for the borrower to purchase Lenders Mortgage Insurance (LMI).
  • LMI – Lenders Mortgage Insurance. Is often required if the loan amount is above 80% of the property purchase price. Lenders’ Mortgage Insurance (LMI) is a premium payable by the borrower that protects the Lender against the potential loss they may incur if the borrower is unable to repay the home loan.
  • Home Loan Package – packaging your Home Loan, bank account/s, Credit Card etc. = Lower interest rates and discounts. Pay an Annual Fee of approx. $390
  • FHOG – First Home Owners Grant. Administered by Office of State Revenue. Applicants must meet certain conditions.
  • SERVICEABILITY/ CALCULATION – Lenders have their own formula for calculating the borrowers ability service ( repay) the loan.
  • GENUINE SAVINGS POLICY – Lenders adopt a genuine savings policy with regards to the borrowers deposit. Proof needs to be provided by the borrower to show that the deposit was saved over time. Some exceptions to this policy are non repayable gifts, an inheritance and historical rental payments ( conformation of minimum 12 months continuous, on time rental repayments).

Meet our lending services team

Our accredited Lending Team boast key business relationships with leading lending institutions. We can help you, consolidate debt and aid you in reaching your business or personal financial goals. Assisting you in achieving the lifestyle you want.

Callaghans Financial Services Pty Ltd, ABN 97 131 317 363 and Dianne Moon are Credit Representatives of Finconnect (Australia) Pty Ltd.

Lending services are authorised by Finconnect (Australia) Pty Ltd ABN 45 122 896 477 Australian Credit Licence No. 385888 a wholly-owned subsidiary of Count Financial Limited.