If you are buying your first home, looking at purchasing an investment property, renovating or you wish to refinance/consolidate your debt, Affordable Mortgage Solutions can assist you in achieving the right decision. Affordable Mortgage Solutions offers a FREE SERVICE to all clients. One of the first challenges when buying a home, is we need to organise finance , in doing this we need to get you the best rate and product features to suit you.     Residential Loans A loan that one or more persons receive in order to purchase a house in which they are going to live in. The loan is secured by the property and the borrower repays over a specified period of time.     Investment Loans A loan that one or more persons receive in order to purchase a house which they intend to rent out. The loan is secured by the property and the borrower repays over a specified period of time. The interest on the loan creates a tax benefit for the borrower.     Construction Loans A loan which is used when you are building or completing a substantial renovation. The loan is usually drawn down in stages in line with the stages of a construction and provides you with the funds as you require them.     Bridging Loans A loan made to cover the period between two transactions, normally the buying of another property before the sale of the first is completed.     Pre-approval Loans Is when you organise with the lender to approve you to borrow up to a certain amount prior to you finding a property to purchase.     Line of Credit This is a credit facility secured by a residential property, very similar to a credit card in which funds may be withdrawn up to a set limit at any time and repayments can be made in full or on a monthly basis. Interest rates are often higher than a standard home loan.   TYPES OF LOANS Fixed Rate - Variable Rate - Split Rate - Interest Only - Low Doc - Family Guarantee or Pledge - Mortgage Re-Financing   COPYRIGHT © 2015 - 2016 - 2017 - 2018 - 2019 - 2020 - 2021 All Rights Reserved Affordable Mortgage Solutions ABN 15 269 419 867 Cherie Luke is a Credit Representative (Credit Representative Number 476658) of (Vow Financial Pty Ltd (Australian Credit License 390261)