Freedom Systems

200 Kensington Road, Marryatville SA 5068

Tel: 08 8331 8711

 
Mobile Service

You can either visit our offices at Kensington Road Marryatville or if you prefer, for no extra charge, we can visit you in at your home or place of work. 

 

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Finance specialists

 

Loan types 

Freedom systems gives you the benefit of expert analysis of more than 2000 different loans available Australia wide. Our expertise is free to you and makes your final choice easy.

The range of loan types available are many and varied. The loan you select may even be a combination of elements from different loan types. The following list is only a guide and your full list of options should be discussed with one of our specialist advisors. Call now for a no obligation discussion.

Variable Rate
Introductory Rate or Honeymoon Rate
Discount Rate or Basic Variable Rate
Fixed Rate
Line of Credit
Split Loan
Professional Packages
Business Owner or Low Document Loans
Credit Impaired Loans
Mortgage Offset
Redraw Facility
Bridging Loan

Variable Rate Loan:
The interest rate on these loans can vary at the discretion of the mortgage provider but is generally very competitive due to the competition in the marketplace. Variable rates are generally based on official Reserve Bank rates and usually don't vary much unless there is an official change. This feature of a loan can be included in conjunction with a range of other loan features. Variable loans will often allow you to make extra repayments and allow you to redraw on these extra payments. Often there is little or no penalty for paying off the loan earlier than the loan term initially agreed. It is important to look at the overall range of opportunities before committing yourself to any loan. < top of page >

Introductory Rate or Honeymoon Rate:
Introductory or honeymoon rates give you a reduced rate for the first part of the loan. It can include either a fixed or variable interest rate. Generally the rate reverts to a standard or special variable rate after the honeymoon period ends. Repayments are a little lower during the honeymoon period and can be beneficial in that period to help release you money for other purposes or to afford a larger loan than would otherwise be possible. It is important to look at the overall range of opportunities before committing yourself to any loan.  < top of page >

Discount Rate or Basic Variable Rate:
This loan is similar to a standard variable rate loan but usually lack features such as offset, redraw and portability. The interest rate is generally marginally lower than a standard variable loan. It is important to look at the overall range of opportunities before committing yourself to any loan.  < top of page >

Fixed Rate:
Fixed loans allow you to agree to a fixed interest rate for a particular period of time, usually between one and five years. The advantage is that the repayment schedule is fixed regardless of what happens to the prevailing interest rate. The penalty is that rate can often, but not always, be slightly higher than the standard variable rate. Features such as redraw or mortgage offset are generally not available in conjunction with these loans. It is important to look at the overall range of opportunities before committing yourself to any loan.  < top of page >

Line of Credit:
A line of credit loan or revolving credit loan is in essence an overdraft facility where you can redraw on the loan balance up to the full, or an agreed amount. The minimum repayment is generally for the interest component, which enables the absolute minimum of payment to be made at any time desired. This type of loan is popular with investment properties for tax purposes and for building wealth through property acquisition.  A Line of Credit loan generally attracts a marginally higher interest rate than a standard variable rate loan, but there are a range of benefits that should be evaluated in making this choice. Particularly in conjunction with this type of loan, Freedom Systems offer extra  on-going consultancy with these type of loans to help you budget and manage your finances for maximum return on your investment. It is important to look at the overall range of opportunities before committing yourself to any loan. < top of page >

Split Loan:
A Split loan enables you to have part of the loan on a fixed interest rate and part on a variable rate. This enables risk reduction when future interest rates seem potentially volatile. There are other valuable reasons to choose this type of loan. It is important to look at the overall range of opportunities before committing yourself to any loan. < top of page >

Professional Package:
Professional Packages are available to very high income households where the loan amount is reasonably large. They are generally a variable rate loan with a discounted interest rate. It is important to look at the overall range of opportunities before committing yourself to any loan.  < top of page >

Business Owner or Low Document Loans:
Business owner or Low Document loans are specifically designed for self-employed persons or small company borrowers whose financial statements may not be available for various reasons. There are a number of restrictions that limit the choice of this loan type, but it is an ideal loan where financials are simply not practical. It is important to look at the overall range of opportunities before committing yourself to any loan. < top of page >

Credit Impaired Loan:
It is a reality that in today's economic environment, that many people have had at some time in the past, an issue that has unfortunately damaged their credit rating. The good news is that there are loans available under certain conditions that still enable you to borrow. Although it is often true that these loans attract a marginally higher interest rate, there are a range of lenders now competing for this market, making it more affordable to entertain. It is important to look at the overall range of opportunities before committing yourself to any loan.  < top of page >

Mortgage Offset:
A Mortgage Offset loan enables you to link a savings account to your mortgage loan and to have the savings balance reduce the apparent balance of the loan, and therefore reduce the loan interest due. Substantial savings can be achieved if the savings balance is maintained at a reasonable level from time to time. many small business owners can take advantage of this feature if their business funds are or can be in their own savings account.  These loans are generally highly featured in terms of extra facilities. It is important to look at the overall range of opportunities before committing yourself to any loan.  < top of page >

Redraw Facility:
A redraw facility allows you to redraw from extra loan payments you have previously paid, up to an agreed value. You can generally pay extra payments at any time. It is important to look at the overall range of opportunities before committing yourself to any loan.  < top of page >

Bridging Loan:
A Bridging loan enables you to purchase a new property while waiting for another property to sell or for alternative finance to become available. Bridging finance is by definition a short term loan, with a term from one week to a few years. These loans often require payments of interest only. It is important to look at the overall range of opportunities before committing yourself to any loan. < top of page >


Right now is the best time to review your financial arrangements on your mortgage. Our reputation is second to none when it comes to helping our clients to achieve more than they ever though possible. Call us now for a free no obligation discussion of your options.

Freedom Systems - Tel: 08 8331 8711

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Contact us

200 Kensington Road

Marryatville  SA 5068

Tel:   08 8331 8711 

Fax:  08 8332 1553 

Email: admin@freedomsystems.com.au

 

Dare to Dream
We offer a full range of loans and provide our service free of charge to help you choose the right options for you**.
 
  • Pay off you mortgage sooner

  • Buy a new car

  • Buy a Boat

  • Take a Cruise

  • Enjoy a big Holiday

  • Renovate your home

  • Buy a new home

  • Install a swimming pool

  • Investment property

  • Save for a future purpose
     

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