Finding a home loan that’s right for you.
We work closely with our lenders to provide you with the best deals.
And when you’re ready, we recommend you chat with Vic Giannakis about the suite of home loan products so we can help you achieve your property goals.
Products
Your situation
OWNER OCCUPIER
So it’s been a number of years since you brought your home and in that time you have built up a significant amount of equity.
Has the ‘patter of tiny little feet’ made your existing home a little squeezy? Are you feeling comfortable with your current financial situation and want to ‘trade up’?
A Mortgage & Finance Broker can assist you in the following ways:
- Estimate the amount of equity you have built up in your existing property
- The loan amount required to purchase your new property
- Do you want to and/or are you able to utilise a home to home loan?
- What is the new home going to cost you in repayments per month?
- Organising a pre-approval to ensure you are in the best position to negotiate the price of your new property.
Loans that may be suitable for your situation include:
FIRST HOME BUYER
It’s a big wide world out there and let’s face it, you have never experienced buying a property before. It really is a time when you need to seek the services of a Mortgage and Finance Consultant to assist you.
Vic has access to more than 35 lenders and thousands of loans and is highly experienced in first home buyer home loans.
A Mortgage & Finance Broker can assist you in the following ways:
- How much deposit will you require?
- What are all the different costs associated when buying a property?
- Do you have enough funds to cover all the fees?
- How do you apply for the First Home Owners Grant? And what can you use it for?
- Do you get any stamp duty concessions being a first home buyer?
- How much is this property going to cost per month and can you afford it?
- What is the best home loan for your situation?
- Organising a pre-approval to ensure that you are best placed to negotiate when you do find a property.
Loans that may be suitable for your situation include:
INVESTMENT PROPERTY
It’s widely believed that in the future, the Australian government is going to have difficulty in providing for its aging population. Hence, having a sound investment strategy may help ensure that you actually ‘live’ in retirement not just "exist".
A sound investment strategy may also help provide a strong financial base for your children. Real estate investment has always been an integral part of most Australians investment strategy.
Not only can you enjoy watching your investment grow, there are also some great tax advantages along the way. A Mortgage and Finance Consultant can help structure your investment and financial requirements correctly the first time.
You may not wish to invest in real estate; buy may wish to invest in shares or managed funds. If this is the case, then a Mortgage and Finance Consultant can help you finance that as well.
Mortgage and Finance strongly recommends that you seek independent financial and legal advice prior to embarking on an investment strategy. Feel free to contact us today to discuss with no obligations.
Loans that may be suitable for your situation include:
REFINANCING
Home loan refinancing is when someone with an existing home loan switches to another home loan. This can be done with a new lender or with the same lender.
Refinancing home loans may be a necessity when personal circumstances change such as redundancy, separation/divorce, pregnancy, and retirement. These all have effects on loan repayments and require an individual to consider options such as whether a fixed rate or a variable rate will better suit your situation.
Loan refinancing can also allow you to access different features and flexibility from your new home loan. Refinancing home loans may be a necessity when personal circumstances change such as redundancy, separation/divorce, pregnancy, and retirement. These all have effects on loan repayments and require an individual to consider options such as whether a fixed rate or a variable rate will better suit your situation.
Refinancing loans to reduce your interest rate can not only save you thousands of dollars in interest, but it also allows you to build equity in your home more quickly. This can allow you to access equity in your home which can be used for renovating or investing in another property.
If you would like a free mortgage check please contact us so we can expertly review your finance with no obligations.
Loans that may be suitable for your situation include:
CONSTRUCTION
A lot of our clients chose to purchase a block of land and build their dream home, as opposed to purchasing an established property.
This way, our client’s get the exact home that they want but you need a building home loan.
More often than not, initially you will have two loans, i.e. one loan for the land and one loan to construct the home.
On completion of the home, if you desire, the two loans can be consolidated into one loan. During the construction phase, the lender will control the release of funds to the builder. That is, at each stage, (usually 4-5) when the builder requires payment, the invoice will be sent to the bank for payment. The bank will seek the borrower’s authorisation before payment.
As the construction loan is drawn down in stages, you, the borrower, only pay interest on what is outstanding.
Click here to apply for pre-approval or alternatively click here to email us and we will get back to you.
Loans that may be suitable for your situation include:
SELF-EMPLOYED OCCUPIER
When you are self-employed, getting a loan is more complicated than someone who earns a PAYG income. There is more paperwork to submit to meet the requirements of a lender plus the complexities of your taxable income can make getting a loan a difficult process.
Certain lenders have a greater appetite for self-employed applicants. So if it’s finding a lender who speaks your self-employed language or utilising an Alt Doc or Specialist Lending loan, then a Better Choice Broker is experienced in this field. We can help simplify the process to get you a loan to suit your individual needs.
Loans that may be suitable for your situation include:
OVERSEAS BORROWER
Overseas borrowers fall into 2 categories Australian citizen or Permanent Resident living and working overseas, but purchasing in Australia and Foreign nationals with no Australian residency who wish to purchase and finance property within Australia.
Australian citizen or Permanent Resident living and working overseas, but purchasing in Australia
Historically, lenders have been a little more conservative when financing Australians living overseas. That is, they would lend no more than 70-80% of the value of the property. Mortgage and Finance now has mainstream/tier 1 lenders, lending up to 90% and above of property value for Australian’s living overseas.
The majority of loan types within the suite of products are available to Australians living abroad. Restrictions do exist if you wish to borrow on an Alt Doc basis.
Foreign nationals with no Australian residency who wish to purchase and finance property within Australia.
There are lenders on our panel that will finance foreign national borrowers. Lenders normally will cap their exposure to 70-80% of the property value. If a foreign national wishes to purchase an Australian property they will require approval from the Foreign Investment Review Board (FIRB). FIRB information is available at www.firb.gov.au. Foreign nationals are generally restricted to purchase newly built properties, or undertaking block and build.
Loans that may be suitable for your situation include:
SENIORS
There has been a steady growth in the value of Australian homes over the years; therefore it’s likely that your home has built up significant equity. However, to retire comfortably many people find that their super or pension doesn’t support their lifestyle.
Reverse mortgages may be the answer. If you are over 60 and own your home, you may qualify for a reverse mortgage. Using the equity in your home allows you to release funds as an income source or for personal needs like travel or home improvements.
Mortgage and Finance strongly recommends independent legal and financial advice before taking on a reverse mortgage. Please refer to the MoneySmart section of the ASIC website www.moneysmart.gov.au.
Loans that may be suitable for your situation include: