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Purchase

We provide Home Loans to those looking to purchase a:

First Home

Investment Property

SMSF Property

DHOAS Loan

Refinance

Refinance options for those looking to:

Save

Invest

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Renovate / Restructure

Investment Loans

Solutions for those looking to upgrade or expand your:

Current Home

Property Portfolio

SMSF Loan Strategy

Loan Structure

Construction Loans

Construction loans for those needing funds for:

House and Land Packages

Owner Builders

Build on your Block

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Government Incentives

Eligibility criteria apply.

Federal Government Scheme

First Home Guarantee (FHBG):

Supporting eligible home buyers to buy a home sooner, with a deposit as little as 5%.

Regional First Home Buyer Guarantee (RFHBG):

Supporting eligible regional home buyers to buy a home sooner, in a regional area, with a deposit as little as 5%.

Family Home Guarantee (FHG):

Supporting eligible single parents and eligible single legal guardians of at least one dependent to buy a home sooner, with a deposit as little as 2%.

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Australian Capital Territory

The ACT Government has a concession scheme to help people to buy the home by removing or reducing duty on any property.

Click here to find out more.

New South Wales

First home buyers in NSW may be eligible for a duty exemption, concession or grant. Key workers, single parents and single people 50 or over may also be eligible for Shared Equity Home Buyer Helper.

First Home Buyers Assistance Scheme:

Full or partial exemption on Stamp/transfer duty.

First Home Owners Grant (New Home):

$10,000 towards the purchase price, in addition to the First Home Buyers Assistance Scheme benefits.

Shared Equity Home Buyer Helper:

Support for eligible first home buyer key workers.

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Northern Territory

If you are buying or building a new home, you can apply for a First Home Owner Grant (FHOG) of $10,000.

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Queensland

The first home owner grant gives eligible first-time home buyers $15,000 towards buying or building a new home in Queensland.

The regional home building boost grant gives eligible applicants $5,000 after the purchase or construction of a brand-new house, unit or townhouse in regional Queensland.

When you buy or acquire a residence or vacant land on which you intend to build your first home, you may be able to claim a concession that reduces the amount of transfer duty you have to pay.

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South Australia

First Home Owner Grant: You may be eligible for a first home owner grant of up to $15,000

Stamp Duty Relief for Eligible First Home Buyers: You may be eligible for a stamp duty relief on the transfer of land.

Click here to learn more

Tasmania

A first home owner grant is available to eligible applicants who purchase or build a new home in Tasmania. $30 000 grant: for transactions that commence between 1 April 2021 and 30 June 2024.

Click here to learn more.

Victoria

In Victoria you can receive $10,000 with the First Home Owner Grant (FHOG) If you are buying or building a new home valued up to $750,000.

To be eligible, the home must not have been previously sold or occupied. You may also be eligible for, and receive, more than one exemption, concession or reduction from stamp duty for your property.

Click here to find out more

Western Australia

You may be eligible to the grant being $10,000 or the consideration paid to buy or build the house if less than that amount.

Click here to learn more.

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Vadium Lending - Investment Mortgage Broker

Essential Loan Terms Explained

HL - Lingo Made Simple

March 04, 2024•2 min read

Essential Loan Terms Explained

Vadium Lending - National Lending Specialist - Offset Account - Equity - Redraw

In this article, we'll delve deeper into essential loan terms to help you unlock your mortgage potential. Whether you're a first-time buyer or an experienced investor, understanding these terms is key to navigating the home loan process with confidence.

Principal and Interest: Principal refers to the initial amount borrowed, while interest is the cost of borrowing. Principal and interest loans involve regular repayments that cover both the principal and the interest.

Offset Account: An offset account is a transaction account linked to your home loan. The balance in this account is offset against your outstanding loan balance, reducing the amount of interest you pay.

Redraw Facility: A redraw facility allows you to access any additional repayments you've made on your loan. It provides flexibility by allowing you to withdraw funds if needed, making it a valuable feature for managing unexpected expenses.

Fixed vs. Variable Interest Rates: Fixed interest rates remain unchanged for a set period, providing stability and predictability. Variable rates, on the other hand, can fluctuate with market conditions, offering potential savings if rates decrease but risking higher repayments if rates rise.

Equity: Equity is the difference between the market value of your property and the amount you owe on your mortgage. It can be leveraged for further investments or used to secure additional finance.

By understanding these essential loan terms, you'll be better equipped to make informed decisions about your mortgage. Whether you're looking to minimise interest payments with an offset account or capitalise on market conditions with a fixed or variable rate, our goal is to empower you to unlock your mortgage potential.

Credit Representative Number 545975 is authorised under Australian Credit Licence 384324 (outsource Financial Pty Ltd). This is general information only and is subject to change. Your complete financial situation will need to be assessed before acceptance of any proposal or product. Vadium Lending (ABN 62 213 831 884).

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