Fixed Rate Loan

During this option, you choose to lock in a fixed interest rate for a specific duration, ensuring that the rate remains unchanged throughout that period. The typical fixed terms range from 1 to 5 years, although certain lenders may offer terms extending up to 15 years. It is important to note that if you decide to exit the loan before the fixed term ends, the lender may apply early exit fees or similar charges. 

Variable Rate Loan

As the name implies, the interest rate on these loans varies at anytime depending on economic conditions. This allows clients to have more flexibility with their finances.

Home Loans can be categorized into multiple types, which can often make decision-making a challenging and confusing process.

At Anchor Finance, we prioritize spending time with our clients to understand their financial objectives. Recognizing that each client's needs are unique, we are dedicated to finding the perfect Home Loan that suits you best.

First Home Owners

Where To Start?

Uncertain about where to begin? Allow us to take care of it for you! Together, we can guide you in securing your first home. Our assistance includes verifying your eligibility for any First Home Buyer Grants or Concessions and even helping you with the process of submitting them as part of your loan application. Buying your first home can be a mix of excitement and overwhelming choices since it's likely the largest investment you'll ever make. Rest assured, we'll be there to support you throughout this journey.

Anchor will be with you every step of the way!

Home Loan Refinancing

Detail your services

Lenders face intense competition, and as a result, new products frequently emerge in the market. It's important to note that these offerings may not always be extended to existing customers by their respective lenders.

Release the equity in your home:

There are various reasons why you might consider unlocking the equity in your home. One compelling motive is to access cash that can be utilized for investing in alternative assets like property, shares, managed funds, or even starting a business.

At Anchor Finance, we can assess your current loan and determine if you're still receiving the most favorable rate from your current lender. If it's not feasible to refinance with your current lender, we can present you with alternative options from our extensive panel of 30 lenders.

Construction Home Loan

Business Lending Services

Allow Anchor to be your trusted building partner, as we take care of the financial aspects, allowing you to fully concentrate on construction.

A Construction Loan is required when sourcing finance to build a property. Whether it is on a block of land that you already own or part of a House & Land package. A Construction loan is generally drawn down in stages as the builder reaches the different milestones stipulated in the building contract. These are referred to as progress draws/payments.

These stages are generally:

• Deposit
• Base (i.e. when the concrete slab is laid)
• Frame (i.e. when the framework or walls are up)
• Lockup (i.e. when the roof, door and windows are in place)
• Fixing (i.e. when the house has been fitted out with appliances)
• Practical Completion (i.e. the house has been completed and is ready for occupation)

The lender uses an independent valuer to monitor the construction process. This is to ensure that before payment is released to the builder that the work has been carried out in accordance with the contract.

We're here to help! Our expert lenders can help guide you through the entire process from start to finish. Just contact us and one of our team members will contact you shortly.