Liberty Financial is a non-conforming lender that offers an extensive range of loan products, including home loans for people with a poor credit history.
Liberty Financial has been a provider of financial services since 1997. It now serves more than 140,000 customers and has assets of $12 billion. It provides a range of competitive loans for home and car purchases as well as for business purposes. It also offers investment packages, financial advice and planning.
Liberty Financial has backing from large global banks such as Deutsche Bank, Credit Suisse and National Australia Bank.
Liberty Financial Home Loans Comparison
Home loans provided by Liberty Financial
Liberty Sharp is a straightforward variable rate home loan with a relatively low interest rate and no ongoing fees. A redraw facility is available and additional repayments can be made. Repayments can be made weekly, fortnightly or monthly. Only principal and interest repayments are allowed with this loan. If you want interest-only repayments, you’ll have to choose either Liberty Free, Liberty Star or Liberty Fixed.
This loan is available for owner-occupiers and investors. The maximum loan-to-value ratio (LVR) on this loan is 95%, but LVRs above 85% attract a slightly higher interest rate.
Liberty Free is a more flexible variable rate home loan that has a low interest rate and is available to homeowners as well as investors. A redraw facility is available, additional repayments can be made, and split loans are also possible. The minimum borrowing amount is $50,000 and the maximum is $1,000,000. The maximum loan-to-value ratio (LVR) on this loan is 95%, but LVRs above 85% attract a slightly higher interest rate.
Liberty Star is a flexible variable rate home loan with many of the same features as the Liberty Sharp loan, but it also allows borrowers to switch to a fixed loan at any point for a fee.
The minimum borrowing amount is $50,000 and the maximum is $1,000,000. The loan allows additional repayments, and has a redraw facility. You can also opt for the split-loan facility, which will allow you to put a portion of the loan under a fixed rate.
The Liberty Fixed home loan allows borrowers to fix in their repayments for 1, 2 or 3-year terms so they don’t have to worry about fluctuating interest rates. Repayments can be principal and interest or interest-only, and can be made weekly, fortnightly or monthly. The Liberty Fixed loan is available to owner-occupiers or investors. The maximum LVR available is 85%.
Liberty Custom is a home loan that can be tailored to the customer’s borrowing requirements. If you have a poor credit history, are self-employed or a contractor, this may be a loan option for you. The Custom loan has a maximum LVR of 90%, and can be taken out for loans of between $30,000 and $3 million. It comes with a redraw, split loan option and the ability to make additional repayments. You can also make repayments weekly, fortnightly or monthly.
A Liberty SuperCredit loan allows you to use your self-managed super fund to finance the purchase of an investment property.
How to apply for a Liberty Financial home loan
You can find out more about a home loan from Liberty Financial through a mortgage broker from Yellow Brick Road. By filling in the form below you can organise a free discussion with a mortgage broker from Yellow Brick Road and learn how a loan from Liberty Financial might help you.
While different lenders may require different documents for the home loan application process, these usually include personal identification like a passport or drivers licence, as well as details of income and assets. Your mortgage broker will be able to assist you from your application all the way to settlement.