Gay friendly home loans

X Inc Finance respects and supports the rights of every community group – ethnic, religous and sexuality.  Our national broker team mirrors the diversity of our community and that means if you are gay and would prefer to meet with a gay broker, we can offer you that service. We understand the needs of gay singles, that gay households are often, but not always childless and often with double incomes.  We understand the potential stresses of communicating special situations and with a passionate commitment to diversity, we make sure all our customers get the best deal we can possibly get for them. If you do want to talk to a gay broker, just tell us when you call on 13 LOAN or tell us when you contact us. 

No deposit and low deposit home loans

Important Note: 100% home loans are not currently available in the home loan market, however you may be able to borrow as much as 95% of the value of the property you intend to purchase.  If you are a no or low deposit holder, please talk to a mortgage broker about your options.

If you have a good income, but saving a deposit for a first home or an investment is proving a tough ask, a low deposit home loan – up to 95% of the value of the property in some cases – may be available. You may even be able to provide the money for the deposit from a range of sources, including genuine savings, grants, inheritances and monetary gifts, depending on the lender.

If you are still struggling to get a deposit together, there may be some other options available to you, so talk to your mortgage broker for an overview on how you can get into your own home.

For more information on these types of loans, go to No Deposit or Low Deposit Home Loans.

Low-document and no-document loans for self employed

Many lo-doc and no-doc loans offer all the same features of standard variable and fixed rate Home Loans, but with a more flexible application process. You can borrow up to 80% of the value of the property you are buying. Access to loan features such as flexible repayment options, redraw and 100% mortgage offset on standard variable and one year fixed rate products are also now reasonably common. And they are available to home buyers and residential property investors.

First home buyers

There is no discrimmination in the eyes of the law when it comes to first home buyers entitlements.  Gay, straight, married, single, muslim or christian – everyone has equal opportunity to qualify for First Home Buyers Grants.  The rules are different in each of the states, so click here to access Fees & Charges payable or here to access First Home Owners Grant Information.

Investment properties

Always seek advice from your accountant on investment and taxation rules and how they apply to your particular situation. While you may read or hear different information, talking to your accountant and / or financial planner will give you the appropriate analysis of your specific financial and investment situation. There are a number of borrowing options available to you as an investor and you will find a good outline of them and how they work as investment loans on this website -  Equity Release loans or Investment Loans.

Debt consolidation and offsetting credit cards

It is not unusual for single people to run up big credit card debts even as they are saving to buy a house.  If this is you, or If you already have a mortgage, you should review your entire finance position every couple of years. If you have a home loan, it is always worth remembering that your credit cards are probably cheaper if offset against your mortgage.  If you have a mortgage, consider consolidating your all your loans against your mortgage.

Review your home loan regularly

If you have had a home loan for more than two years or you simply suspect you could be getting a better deal, or maybe a fixed-rate loan term is coming to an end, you definitely should check out your options with a mortgage broker.  Dependent upon the overall size of your debt, you may be able to reduce your total repayments by several hundred dollars a month.