What Can We Offer

First Home Buyers

Purchasing your first home is an exciting, life changing milestone for anyone; all those years of saving your money to enable you to have a piece of land you can call your own. Although exciting, without some assistance it can be a stressful process, not knowing how much you can borrow, what your repayments will be, how much deposit you need, how much you are looking at in fees and charges, exactly how the first home owners grant works and how much are you entitled to; these are just a few questions that you may be thinking.

Many first home buyers deal directly with a bank that they have had a relationship with in the past or that their parents are currently banking with. There is an expectation that the bank is offering you their best product for your individual situation.

There is also the assumption that all banks are the same but believe it or not that couldn't be further from the truth. It is an extremely competitive market and the banks and financial institutions are competing against one another to get YOUR business, the majority of people do not shop around with various financial institutions; who has the time or really understands their options?

We work with you to determine your borrowing needs and capability, select a loan from a variety of financial institutions that best suits your circumstances and manage the process through to settlement.

Investment Loans

The great Australian dream has always been to own your own home. Today things have changed and by using the equity in your property you can create a lifestyle you have only ever dreamed of. If you have finished paying off your mortgage or at least see the happy event in sight, congratulations! At this time with all those payments that have been tying up so much of your income for so long, finally in your control we suggest that this is the ideal time to consider property investment.

We’ve all heard the phrase ‘as safe as houses’; investing in property is typically seen as a safe way to invest your money and many Australians choose to take this option as it has proven to provide steady returns and capital growth. Other advantages include ongoing income through property rental and potential tax benefits through negative gearing. Purchasing an investment property should be viewed like any other investment, with its own risks and benefits. Choosing a loan for your investment property is like selecting any other loan and therefore you need to compare interest rates, fees and charges, features and benefits. We will work with you to ensure you find the best option for your situation.

Debt Consolidation & Refinancing

Debt consolidation is a process where all of your debts are rolled together into a single loan.

Debt from personal loans and credit cards can be incorporated into your mortgage at a much better interest rate as home loans tend to have lower interest rates than other forms of credit. Consolidation will reduce your interest rate overall, and in this way save you money. Consolidation of your debt into your existing mortgage is most effective for larger amounts of money and should reduce the amount of your monthly payment. It also has the advantage of only having to make one payment per month.

Types of Loans

Choosing the Right Loan

There are various types of home loans, all offering different rates and features. It is vital that you always check the terms of your loans. Our role as your mortgage specialist is to provide you with comparisons of various loan options from a panel of lenders, and assist you with choosing the right loan for your circumstances. And if you are ready to apply now, feel free to submit your information to us.

Fixed Rate Loans

These loans are set at a fixed rate for a specified period - usually one to five years. Repayments do not rise or fall with interest fluctuations throughout the specified period. At the end of the term you can lock in another fixed rate, switch to variable or go for a split loan. These loans may have limited features and lack the flexibility of variable loans. There may be early exit fees and limited ability to make extra payments.

Split Loans

Splitting your home loan marries the flexibility of a variable rate loan with the stability of a fixed rate loan to reduce the impact of any interest rate changes. Split loans are especially popular when interest rates are increasing. By splitting a loan, borrowers can be protected against the risk of higher rates. If interest rates increase the fixed portion repayments will remain the same but the variable portion repayments will increase. But if interest rates decrease then the variable portion of the loan will be repaid faster. The loan can be divided equally or split into different amounts, eg 60% fixed and 40% variable.

Split loans can be customised to take advantage of the various features that different loans have to provide. The features available with this type of debt make it particularly attractive for first time borrowers.

Loan Consolidation/Refinancing

Debt consolidation is a process where all of your debts are rolled together into a single loan.

Debt from personal loans and credit cards can be incorporated into your mortgage at a much better interest rate as home loans tend to have lower interest rates than other forms of credit. Consolidation will reduce your interest rate overall, and in this way save you money. Consolidation of your debt into your existing mortgage is most effective for larger amounts of money and should reduce the amount of your monthly payment. It also has the advantage of only having to make one payment per month.

Other Services

Insurance

  • Mortgage Protection and Lender’s Mortgage Insurance
  • Mortgage Protection and Lender’s Mortgage Insurance (LMI) are for two different situations.
  • Lender’s Mortgage Insurance is usually required where your deposit is less than 20% of the purchase price of your property and protects the lender in the event that you default on your repayments.
  • Mortgage Protection however is insurance that supports you in case you become involuntarily unemployed or are unable to work due to illness or disability. It makes sense to ensure that you can continue to meet your commitment in the case of unforeseen events.
  • Landlord insurance is a policy to cover an investment property owner from financial losses. Common features of a landlord insurance policy include malicious or intentional damage to the property by the tenant or their guests, theft by the tenant or their guests, loss of rent if the tenant defaults on their payments, liability including a claim against you by the tenant, and legal expenses incurred in taking action against a tenant.
  • Home and Contents
  • Your home and contents insurance should provide you with adequate cover should you need to repair or replace your home (ie, house, garage, shed) and your contents in the event they are destroyed, damaged or stolen.
  • Income Protection insurance can pay you a predetermined percentage of your monthly income should you be unable to work due to illness or injury.
  • Life insurance provides a lump sum payment to your beneficiaries in the event of your death. If you are the main income earner in the family, this insurance will help your family manage their future (for example paying out mortgages, schooling and other family expenses) without your ongoing earning capacity.
  • TPD – Total and Permanent Disability. You can choose to cover yourself for either total and permanent disability or death options, providing you can no longer work or in the event that you die due to illness or accident. When combined with life insurance, this can provide security for you and your family for the rest of your life.

We have access to insurance recommendations. We will also quote any LMI due.