Home Loan - Customer Types

                  Calculators Free Finance Health Check

First Home Buyer

Purchasing a real estate for the first time classifies you as a first home buyer.

We understand, as a first home loan borrower there is a certain level of apprehension about this major financial decision. This is normal and it is important to have someone who can walk you through the process and explain the terminology that the bankers, real estate agents, values, solicitors and other experts you come across may use in applying for a home loan.

Key Tip: Ask lots of questions and have a check list. It seems obvious, but it means that you will understand all the costs and the process. See our First Home Buyer page.

Next Home Buyer

Purchasing an additional house or apartment makes you a next home buyer.

As you will have already been through the home loan application process previously, it may not be any simpler this time around because of increased regulation, however if you have an existing home loan then you will understand the process.

Key Tip: If you are upgrading you need to make the decision to sell before buying, or to arrange a bridging loan. See our Next home buyer page.


A change of circumstances may cause a home owner to review their home loan.

With the removal of exit fees, refinancing your home loan is now a cost effective way of ensuring that you're get the best deal. However, it is important when considering whether to refinance your home loan, why you are doing so. There should be a strategic or economic benefit.

Key Tip: Every 2-3 years you should see whether your home loan is working for you. Are you getting the most from it, and any package attached to it? See our Refinance page.


A renovator is someone wishing to improve their property, e.g. add extra rooms for a growing family.

Key Tip: If you can use your equity in your existing property this is a great way of keeping the renovation costs down.

Wealth Creator

A wealth creator uses strategy to maximize financial gains. You can maximize your revenues and create wealth for your family and your future by investing in property, shares and other instruments.

Key Tip: Consider a line of credit or interest only loan.

Property Investor

Investment property buyers look for financial returns on various real estate investments.

You’ve reached a point in your life where you’re more established, you have available funds or equity, your income is secure and you have surplus earnings. If you haven’t already, now’s the time to consider growing your wealth through buying an investment property.

If you're thinking of buying an investment property a few key aspect to consider are:

  • Location
  • Strong rental income
  • Rentability and continued occupancy
  • Long term capital growth
  • Re-development opportunities
  • Likely maintenance costs
  • Ongoing capital improvements
  • Tax effectiveness

Where do you start and how do you best structure an investment property loan to simplify ownership, maximize taxation and other benefits while avoiding future costs and pitfalls? The WealthMaker team has many years of experience in providing structured investment advice and can help you get it right.

While there are many loan products available to investors, one person’s requirements are different from another’s. For first time investors, basic investment property loans will keep costs low; more established investors may require a product that offers multiple loan splits and the flexibility of a global credit approval to maximize opportunity. Our calculators’ page provides some useful tools to get you started.

Key Tip: Do not over extend (borrow) so that your lifestyle is impacted. Check our investment property page .


Some people chose to increase cash flows or lower expenses by moving to a smaller home. This strategy is known as downsizing. Check our home loans page for more information.

Key Tip: Look to maximize the instrument outcomes with any capital gains.

Off-the-plan buyer

Off-the-plan buyers purchase property before completion to combat increasing property value.

Key Tip: Consider using a deposit bond.


For free advice, to answer any questions or to arrange an appointment, call us now on 02 9233 1111.

Commercial Loan - Customer Types


Sole traders

Sole traders are people working on their own name, not on the one of a company. There is no division between personal assets and business assets. Liabilities are generally unlimited. This means that your personal funds may have to be used to pay off your debts.


A partnership is a legal relationship between individuals, companies or trusts.


A company is an association of natural or legal persons. Companies are separate legal entities. Companies are owned by shareholders and ran by directors who are elected by the shareholders.


A trust is a legal relationship, not a legal entity.

A trust is composed of a trustee, e.g. company or a person, and beneficiaries, e.g. company or person. There are different types of trust, e.g. discretionary, constructed, etc.

A single person cannot be the trustee and the only beneficiary. If so, the trust collapses.


SMES stands for small and medium enterprises. SMEs place some but not all liabilities on the owners of the company in question. SMEs can be sole traders, partnerships or even companies.


Name *
Email *
Phone *
Type of Enquiry

Most Popular

  • “Home loans and property prices”

    Home Loans and Property Prices - To buy or not to buy? Written by Michael McAlary With...

    Read More
  • “Fixed Rate Loans”

    Fixed rate home loans... To fix, or not to fix? Written by Michael McAlary In managing home...

    Read More
  • “Home Loan Challenge”

    The home loan challenge... Written by Michael McAlary There are over 5,000 home loan products...

    Read More
  • “Home Loan Interest Rates in 2014”

    Home Loan Interest Rates in 2014... Written by Michael McAlary We do not anticipate any major...

    Read More
  • “Interest Offset Accounts”

    What is an Interest Offset account and how do they work? Written by Michael McAlary Interest...

    Read More
  • “Lifelong Investments”

    Home Loans & Lifelong Investments Written by Michael McAlary Home loan innovation...

    Read More
  • “Home Loan Loyalty”

    Home Loan Loyalty Written by Michael McAlary Client loyalty comes from having great customer...

    Read More
  • “Home Loans - Convergence of Lending and Investments”

    The Convergence of Lending and Investments Written by Michael McAlary There is a lot of media...

    Read More