What is an Owner-Occupied Home Loan?

An owner-occupied home loan is designed for individuals or families intending to live in the property they purchase as their primary residence. These loans often come with benefits such as competitive interest rates and flexible features, making them an attractive option for homebuyers.

Benefits of Owner-Occupied Loans

• Competitive Interest Rates: Lenders typically offer lower interest rates for owner-occupied properties, reflecting the reduced risk associated with homeowners living in their own homes.
• Flexible Repayment Options: Enjoy features like offset accounts and the ability to make additional repayments, allowing you to pay off your mortgage sooner.
• Potential Tax Benefits: While the interest on owner-occupied loans isn’t tax-deductible, certain government grants and concessions may be available to eligible first-home buyers.

How Secure Finance Can Assist You

Our commitment is to provide personalised solutions tailored to your unique circumstances:

• Expert Consultation: We take the time to understand your financial situation and homeownership goals, ensuring we recommend the most suitable loan options.
• Access to Diverse Lenders: With a vast network of lending partners, we compare various products to find competitive rates and terms that align with your needs.
• Guidance Through the Process: From application to settlement, we support you at every step, making the journey to owning your home seamless and stress-free.

Important Considerations

• Occupancy Requirements: Owner-occupied loans require you to live in the property as your main residence. If your circumstances change and you decide to rent out the property, it’s essential to inform your lender, as this may necessitate a shift to an investment loan with different terms.
• Loan Features: Explore options like offset accounts, redraw facilities, and flexible repayment schedules to optimise your mortgage and potentially reduce interest payments.

Stay Informed with Secure Finance

The property market and lending landscape are continually evolving. By registering for our real-time interest rate monitoring, you’ll receive timely updates, ensuring you’re always informed about opportunities to save.

Learn more about how Open Banking can benefit you.