At Gosford City Credit Union you get the best of both worlds. Not only do you get a very competitive home loan with the Credit Union, but you also have the added benefit of our Mortgage Broking Service which allows us to review a number of lenders on your behalf.
Our Mortgage Service gives you the opportunity to obtain a home loan that suits your needs. Our Mortgage Manager is able to offer you a comprehensive new range of products from different lenders, which helps us to find a suitable home loan solution for all of our members.
We aim to help all members, whether you’re:
 An existing borrower,
Upgrading your home,
A first home buyer,
An investment property purchaser, or
Doing improvements to your existing home
Greg Davis, our Mortgage Manager, is an experienced mortgage broker and has over 28 years experience in the credit union and mortgage industry.
Greg is available to all members and offers a professional mortgage advice service. Some of the services provided include:
A full mortgage broking service
Budgeting assistance
Debt reduction solutions
Investment opportunities
Mobile Lending Service (including after hours at your home or office)
What Home Loans Do We Offer
With access to over 300 loans from more than 30 different lenders we can shop on your behalf for a loan tailored to suit your needs. We have loans to suit a variety of situations, whether you want to purchase that new home, refinance or consolidate your existing loan/s, acquire an investment property or simply renovate your existing property we can help.
There are many home loan products currently available. The most common loans available are: |
Basic Home Loan
If you don't need all the extras then a basic loan could be the answer. A lower interest rate than most other home loans. |
Standard Variable Home Loan
Based on official Reserve Bank rate and will move as rates change. Generally the most flexible including options such as redraw facilities and additional repayments options. |
Fixed Rate Home Loan
If you are worried about interest rate increases then a fixed rate might be the go. Loan normally locked for a certain period from 1 to 10 years. Penalties apply for early repayment. |
Split Rate Home Loan
Brings the benefits of variable and fixed rates into the one loan. This is a great way to hedge against any rate variations. |
Home Loan Offset
A loan with a linked savings offset account. All your savings balance goes towards reducing the interest charged on your loan account. Is a tax effective way of getting a benefit from any excess funds you have available. |
Interest Only Home Loan
Offering lower repayments and maintaining a constant balance. These loans are particularly suited to investors. |
Line of Credit Home Loan
Also known as revolving credit, these loans are used to take advantage of variations in cash flow during the month. |
Lo Doc Home Loan
Less paperwork, these loans are generally suited to self employed who don't want the hassles of providing proof of income etc. |
No Deposit Home Loans
Many lenders now approve up to 100% of the value of the property. These loans are suited to first home buyers. |
Honeymoon, Discount Introduction Home Loan
These loans offer a lower rate normally for the first twelve months. The rate is normally fixed or capped. Reverts to standard variable rate after honeymoon period. |
Professional Home Loan Package
A package aimed at those who fall into a high income bracket or members of professional associations. Normally has a discount on the Standard variable rate plus other discounts. |
Reverse Mortgage
Designed for persons who generally have retired or are over 60 and have a limited income. Uses the equity in their property to assist in personal circumstances whilst still allowing them to enjoy their home. |
|
|
