Residential Loans

When it comes to purchasing a property and securing the right home loan, Q2 Finance is here to provide support every step of the way. Whether you plan on owning one home or multiple properties throughout your life, our team is dedicated to helping you navigate the vast array of lenders and home loan products available.

We understand that finding the most competitive home loan deal is crucial, and the interest rate plays a significant role in this. As mortgages are long-term commitments, even a slight difference in interest rates can have a significant impact over the course of 30 years or more.

Home loans come with various options and features, each offering different levels of flexibility or the ability to pay off the loan faster. At Q2 Finance, we will take the time to walk you through all the available options, ensuring that you have a clear understanding and can make an informed decision.

The majority of mortgage holders choose a loan structure where their repayments contribute to both the principal and interest. However, some borrowers, particularly investors, may opt for an initial period of interest-only repayments, usually up to five years. While this may result in lower repayments during this period, it’s important to consider the potential increase in repayments afterward. It’s crucial to ensure that you can comfortably afford the repayments throughout the loan term.

In terms of interest rates, borrowers have the option to choose between a variable rate loan, where the interest rate fluctuates, and a fixed interest rate loan, where the rate remains constant for a set period. Fixed-rate loans can simplify budgeting, but there is a risk if interest rates decrease. If you’re uncertain which option is best for you, a combination of fixed and variable interest rates may be a suitable choice to consider.

If you’re currently in the market for a new home, don’t hesitate to reach out to our friendly team. We are dedicated to helping you find the most competitive home loan solution that aligns perfectly with your financial goals and individual circumstances.