You can choose how you would like to engage us. Our brokers can either come to you or we can just communicate over email and phone.
Mortgage brokers are professional intermediaries in the money lending industry. They work with you to determine your financial position and then provide recommendations on borrowing and repayment capacity. Brokers will ensure you work within the parameters of the banking sector and don’t take out a loan that is too big for you. Professional Mortgage Brokers are trained and accredited to provide you advice on borrowing money. The same way a lawyer is trained to provide legal advice. Brokers have access to resources within financial institutions that an everyday person doesn’t. This means your broker can find a loan that is just right for you.
There is no charge for using a broker’s service. Normally, any new business a brokers generates for a financial institution is compensated with a commission payment to the broker.
Interest rates and Service levels to you are not affected. In exceptional circumstances within some complex transactions, we may charge a service fee. Disclosure of all fees is advised beforehand so that there are no surprises.
Every client’s situation is unique. This requires a careful assessment of your financial position including current earning capacity, expenses, saving etc. We will work with you to determine what can be achieved and what options are available to you.
Banks will only offer their own product offering. This equates to limited choice. Brokers on the other hand have all the options available to them from every financial institution they have an accreditation with. This equates to a greater level of choice.
As a broker we lend money every day, we are experts in providing loans to our customers. We compare offers from all the lenders daily. Our objective is to find the right loan for your needs. We will assess what options best meet your requirements, and we do all the leg work for you.
You can speak with one of our team or send us an email with a date and time that suits you along with your contact details, and we’ll call you.
Our team members will be able to talk you through your borrowing capacity, how to correctly structure your loan, suitable loan products, the documents needed to support your loan application, and the entire process. We do this every day, and we’ll help you avoid any uncertainty.
We had a situation recently where a client recently wanted to refinance their loan but they were over the 80% LVR (Loan to Value Ratio). In normal circumstances LMI (Lenders Mortgage insurance) would’ve been payable. Our adviser sourced a loan through a lender that allowed LVR’s of up to 85% without initiating the requirement of mortgage insurance. Result was positive and the client was pleased with interest rate offered.
It’s always worth talking to someone in the know.
We have numerous lenders that can provide the flexibility of having an offset account against a fixed rate loan.
Yes, provided that you are able to contribute an adequate amount of funds to negate the fees. To work out the savings you can gain via an offset account each year, please use the following formula;
⦁ Offset annual fee = OAF
(Note: Each financial institution has its own description for this type of product)
⦁ Interest rate = IR
⦁ OAF ÷ IR = Amount of money required to negate your Offset annual fees.
Example: $200 Offset annual fee ÷ 5% Interest rate = $4,000 balance is required to offset annual fees of $200.
Parents can provide guarantor support whereby they mortgage their own property to act as supplementary security for your home loan. This allows you to borrow more or alternatively avoid paying mortgage insurance.
The Guarantor may wish to be released from their obligation once the loan has been reduced by the amount of the family guarantee. This can be achieved a number of ways:
⦁ A new valuation which demonstrated an increase in property value, therefore reducing the Loan to Value ratio (LVR)
⦁ Paying down the loan
Most lenders prefer guarantors to be someone that is related to you. There are a few lenders that allow guarantors to be someone that isn’t related to you i.e. a friend.
It is important for the guarantor to considerer obtaining independent legal advice. It is often a requirement of the lender.
There are generally two types of guarantees that we
Brokers are regulated by NCCP (National Consumer Credit Protection Act) legislation designed to protect consumers and ensure professional standards and ethical conduct within the finance industry.
Lenders are generally unwilling to lend against a residential property for the purpose of repaying tax debt. We know of lenders who will accept lending of this type. We would be more than happy to assist.
There are lenders that can provide construction finance in this instance. Whether you’re interested in putting a new house on your existing land or looking to put multiple townhouses on the land we can assist. Each scenario should be assessed on its merits and as such you should talk through your project with us in order to find suitable options.
If you’re an Australian citizen or permanent resident you can borrow to purchase a property in Australia while working overseas. Lenders will review what currency you are being paid as part of the normal lending assessment, the remainder of the process remains the same as if you were still residing in Australia.
Building contracts, inclusive of split contracts can be catered for, with split contacts your funds are only required at the final two stages of the build.
We are able to cater for loans using properties on community titles through our network of lenders. We can even provide loans of up to 95% of the actual property’s value.
If Lenders Mortgage Insurance (LMI) is a requirement of your lender to obtain a loan then this will be assessed via a stricter set to guidelines when compared to the loan guidelines of most financial institutions.
Reasons for a declined insurance application may include but will not be limited to the following;
⦁ Income maybe considered inadequate for serviceability of the loan amount requested
⦁ Poor credit rating
⦁ Property provided as security maybe deemed as unacceptable
⦁ Unsatisfactory employment history
Irrespective of the reason you’ve been declined, always give us a call so we can determine your eligibility with one of our other mortgage insurers. Did you know that there are two primary mortgage insurers in Australia whom insurer the majority of banks. If you’ve been declined by one Mortgage Insurer we can help you in the selection process and make sure you don’t apply via a lender who uses that same insurer.
If you are a Self-employed and a non-resident, we can certainly cater for your lending needs via our network of lenders.
We can provide loan refinances that only require a three months loan statements.
You can choose how you would like to engage us. Our brokers can either come to you or we can just communicate over email and phone.
There is no charge for using a broker’s service. Normally, any new business a brokers generates for a financial institution is compensated with a commission payment to the broker.
Interest rates and Service levels to you are not affected. In exceptional circumstances within some complex transactions, we may charge a service fee. Disclosure of all fees is advised beforehand so that there are no surprises.
If you’ve recently moved from a PAYG salaried job and you’ve worked in the same industry into a self-employed business with an ABN, it may be possible to secure finance.
Please contact us for more information.
If you received vehicle allowances in the past or alternatively if you’ve performed a similar role, finance may be approved. It is possible to secure finance if you’re under probation
You will need to be very care when considering making a move, early termination fees or exit clauses may impose significant penalties on you. Read the fine print before doing anything.
Feel free to give us a call if you have any questions.
Do you receive a car allowance through work? Do you use your car for attending business appointments or to visit clients? Have you claimed vehicle usage before? All these factors will assist in determining business use percentage.
Any work related hardware inclusive of laptop and or a car can be salary sacrificed.
This is heavily dependent on the agreement you have signed. Check the wording relating to exit clause and the terms and conditions contained in the document. You may lose any deposit you have paid. The dealership could be accommodating and agree to waive the arrangement if an alternative vehicle is purchased.
You can choose how you would like to engage us. Our brokers can either come to you or we can just communicate over email and phone.
Lenders are generally unwilling to lend against a residential property for the purpose of repaying tax debt. We know of lenders who will accept lending of this type. We would be more than happy to assist.
Lenders require financial statements and tax returns for all business entities you own, they review the documentation when assessing any lending requests. We reduce the documentation involved by having your accountant provide a financial declaration which reflects your financial positions.
Lenders will required property to secure a loan, some lenders can provide a loan based on the income generated as a result of an expanding business. i.e. You may have a retail shop and you’d like to expand the operation to include a second retail presence, banks may take into consideration the projected income from both shops as you have demonstrable experience running one retail shop.
Loan facility can be structured a number of ways. We have access to a comprehensive list of lenders which allows us to recommend the most suitable products for your needs.
You can choose how you would like to engage us. Our brokers can either come to you or we can just communicate over email and phone.
Lenders require financial statements and tax returns for all business entities you own, they review the documentation when assessing any lending requests. We reduce the documentation involved by having your accountant provide a financial declaration which reflects your financial positions.
You can choose how you would like to engage us. Our brokers can either come to you or we can just communicate over email and phone.
Self-Managed Super Fund (SMSF) allow you to borrow for the purpose of purchasing an investment property. Make sure you’re getting the right advice for your investment needs. We’re more than happy to assist.
There are a number of lenders that provide lending for the full purchase price of a property under a SMSF. This is achieved by using property outside of the SMSF as security of the loan. Talk to us today we more than happy to assist.
A standard SMSF mortgage will allow you to purchase any of the top 200 publicly listed shares a range of selected managed funds.