Home Loans                                                                           John Robertson 02 4625 4222

Getting the right home loan!

Comprehensive Lending Services (part of the Fitzpatrick Group) can offer a large range of their own home loan products funded by one of the world's largest banks, or alternatively, we can offer a substantial range of home loan products from our extensive range of banks, mortgage trust and superannuation funds with whom we have have long standing accreditations with.

For a free, no obligation enquiry simply Contact Us or complete our mini application form to find out how we can help you.

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In the vast majority of cases, we do not charge our client any professional fees for our home loan services.

There are a number of different home loan products and structures. The structures can vary from Lender to Lender, and as well as individual circumstances, loan amounts and loan purposes.

The primary loan structures are as follows:

Principal & Interest Facility - Standard Home Loan for Owner Occupied Borrowers

A Principal & Interest facility (P & I) is probably the most common standard styled home loan facility and is particularly well suited to the owner occupied property borrower.

The loan is based over a set term (although the facility has the flexibility to allow you to increase your repayments thereby reducing the loan term), with a set contractual monthly, fortnightly or weekly repayment. This repayment will vary due to any alterations to the interest rate (assuming a variable rate facility) resulting in the full clearance of the debt within the contractual term.

A P & I facility however, is not a tax effective structure, and as such, is not as popular with investors. Contact Us to find out more about Principal & Interest Loans

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Interest Only Facility - Tax Advantages for Property Investors

An Interest Only facility (IOL) is a particularly tax effective structure, whereby the loan balance (the principle) does not reduce as the monthly payments consist solely of the interest accrued over the month.

As there are not taxation advantages to any principle reductions, an IOL ensures that every cent paid on the facility is tax deductible - assuming of course that it is related to an investment property. Contact Us to find out more about Interest Only Loans

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Line of Credit Facility - Suits Investors & the Self Employed

A line of credit facility can best be described as a domestic overdraft, whereby a credit limit is set, but interest is calculated daily on the outstanding balance (or drawn amount) and charged monthly to the account. Funds can be accessed at will (whilst ever you are within the limit) either by cheque book, eftpos, ATM or internet banking.

Even though the interest rate is often marginally higher, they can often in fact save you on interest when used effectively with a credit card (those with interest free days).

It is particularly favoured by investors who like the flexibility of a "come and go" facility, giving them access to funds almost instantly to use for the purchase of shares, property or other investment instruments. It is also particularly useful for self employed clients. Contact Us to find out more about Line of Credit Loans

Our home loan options continue on the next page

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