Residential Home Loans

Residential home loans are mortgages where a bank holds security for it in the form of residential property.  This can be an owner occupied property or an investment property.  The lender will place a mortgage over the property and register it with the applicable titles office.  There is a government charge related to the registration (and discharge) of this mortgage which differs state to state.  In the event that a borrower does not complete their obligations under the mortgage agreement, the borrower consents to the lender recouping the funds they have loaned which may include the sale of the property.  Residential home loans with owner occupied residential property as security are sought after by the banks due to the APRA limits on investment lending therefore, pricing for new customers is very competitive as banks vie for this business.