A home loan is probably the biggest investment you’ll ever make. Home loans have their own special language, and we speak it. We’re across all the little things that come with buying a home – from fees and conveyancing to timelines and settlements. We’ll talk you through it.

First timers

Buying your first home is a big decision. We take the pressure off by doing the homework for you to find a home loan that works. And we can talk you through:

what proof of income you need and how to get itgetting your hands on first home owner's grantshow much you can borrowtypes of loans and repaymentshow the guarantor process worksstuff that seems complicated (like conveyancing and stamp duty) but is pretty simple if someone takes the time to explain it.

Need more space or ready to invest?

If you already own a home, we’ll make it work for you if you want to renovate or upgrade. And if you’re ready to start on your nest egg with an investment property, we’ll help you do it right.

Work it out

Our home loan calculators are a great first step to check the sums. Yes, your income is important, but other factors can sway whether you get a loan or not. We can chat about:

your credit history and if you’ve had any defaults or major financial issueswhat your budget looks like now – your living expenses and repayments for credit cards or other loans.

We get to know you, so we get into the information that can make or break your application. Being part of the Binggo family gives you a better chance of getting the loan you want.

Building a new home probably means a construction loan. This type of housing loan can suit first home buyers juggling renting and moving to a mortgage, or savvy investors working on a nest egg but needing to watch their cash flow until the property is earning them money.

We understand all the scenarios and how to make the most of your money. Relax, we’ve got this.

Be inspired

Building your own home means choice. Be inspired to choose the location, the design, how many bedrooms, the interiors, and even the kitchen sink. Talk to us about a construction housing loan and stop putting off your dream. The toughest decision should be the size of your TV.

A different kind of housing loan

Standard home loans are lump sum payments – you borrow the entire amount in one go to pay for the house you’re buying.

A construction home loan is structured a bit differently. Usually you add to the loan (or ‘draw down’ the loan) in 5 stages, which match construction stages on the build – as each stage finishes, the size of your loan increases. For example, your first amount will cover getting you to ‘slab down’ stage, and then the loan funds are released for the next stage to get the framework completed.

Why is this a good thing? Well, you’re only paying interest on the amount you’ve borrowed so far, so the longer it takes you to borrow the total amount, the less interest you pay and your repayments stay lower for longer. Keeping repayments low at the start could mean the difference between whether you can afford to build a house or if it’s too much to take on as you keep paying rent or another mortgage.

The short version: you only pay interest and make repayments on the money you’ve used. When your home is complete, you can start fresh and choose the type of home loan with the features you want. And Binggo can help with that too.

How much are dreams worth? Let’s run the numbers

If you’ve got a rough idea how much your build will cost, use our home loan calculators to figure out your repayments. If you’re not sure if the numbers add up, let’s talk. We know loans, so we’ll help you figure out what’s manageable. If you’ve had money issues in the past, tell us upfront and we’ll be in your corner to get you back on track.

The better we get to know you, the better chance of getting the loan you want. That's the Binggo way.

Build your property nest egg

For lots of us, there’s nothing quite like the security of a bricks and mortar investment. Don’t fall into the big bank trap of thinking property investment is for the rich. We know how to make an investment home loan work whether it’s your first step up the property ladder, or you’re growing a portfolio for a rainy day.

Is property right for you?

Property investment is usually a long-term investment strategy, so it’s not for everyone. If you’re not sure what you want to do with your money in a year’s time, look for a different option. If you want steady growth, property could be your perfect match.

If you have other investments like shares, managed funds or cash, property can be a great way to diversify and reduce your risk. Ready to take the leap but have no idea where to start? That’s OK, we do. Talk to us about real estate risks and rewards.

Taking the mystery out of property

There’s a lot to be gained from a good investment loan if you play it smart. You can earn income by renting it out, or get a windfall from capital gains when you sell in the future. And there’s also a lot to be across when it comes to tax set ups, repayments and the rabbit hole of negative gearing.

We’ve got you covered. It doesn’t have to be complicated, or a mystery understood only by bankers and real estate brokers. We’ll take you behind the scene and show you property is for everyone.

Add it up

Use our home loan calculators to get an idea of your repayments on an investment mortgage. From there, we can work on how to secure a rental return, and what you can have up your sleeve to minimise risk. No fear factor required.