Standard variable & fixed rate loans
The variable rate loan offers more features and flexibility than the basic or “no frills” loan, so the rate is usually slightly higher. Fixed rate loans are set at a fixed rate for a specified period – usually one to five years. The advantage of allowing you to organise your finances and repayments without the risk of rising interest rates is offset by the disadvantage of not benefiting from a drop in rates.
Investment loans are structured in a specific way that allows you to make the most of your assets! An investment plan is one that works towards building your wealth and securing your financial freedom. For some, the future may seem a long way off, but the time to act is now because the future waits for no one. The housing market is generally a seven to ten year cycle: there are always highs, lows and steady patches.
First Home Buyer Assistance
A home buyer can obtain financing (a loan) either to purchase or secure against the property from a financial institution via a mortgage broker (that’s what we do!). Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. It’s always best to speak with a mortgage broking professional to determine the loan that is right for you.
Low Doc Loan
A low doc, or low documentation loan is for self-employed borrowers who don’t have access to all the documentation that an employee may have, such as PAYG payslips. Some lenders ask for BAS statements or trading statements to verify the income. Some lenders ask for as little as an accountants letter.
An SMSF loan is a home loan used by a self-managed super fund (SMSF) to buy investment property. The rental income and superannuation contributions are used to make the repayments. The property cannot be acquired from, lived in or (except in very limited circumstances) rented out to a fund member or any of their related parties. Investing within superannuation is not as straightforward as investing outside superannuation and a larger deposit is generally required to satisfy lending requirements.
A reverse mortgage is like a normal home loan that has been designed for people in retirement. It allows people aged 60 and over to release equity from their home (or investment property) to live a more comfortable retirement. You can boost your income with regular top-ups, take a lump sum or have a cash reserve for unexpected expenses or a holiday you always wanted to go on. Importantly, you continue to own and live in your home.
A bridging loan may be necessary to cover the financial gap when buying one property before the existing one is sold. This finance is generally secured against your property as you are utilising the equity in your existing property. Usually, bridging loans are short term and more expensive than other types of loans.
A loan with lower repayments for the first six to twelve months. After the ‘honeymoon’ the loan becomes a standard variable loan and the repayments increase. Make sure that you can meet the higher repayments for the remainder of the loan. You could also be faced with a fee at the end of the honeymoon period to switch to another loan type.
A car loan is a type of personal loan used for purchasing a motor vehicle, car, ute, SUV, motorbike or other vehicle. There are secured and unsecured car loans as well as loans for new vehicles and used vehicles. Typically the loan term for car loans is between 1 to 7 years.
A personal loan is a loan that is taken out for a personal reason or item, such as a holiday, a car, elective surgery, wedding costs, furniture or deb consolidation. They are similar to a car loan and can be secured or unsecured and the typical loan term is between 1 to 7 years.
Due to expensive upfront costs and regulation related hurdles, smaller businesses do not typically have direct access to the debt and equity markets for financing purposes. Therefore, they must rely on financial institutions to meet their financing needs. Commercial Loans are renewable loans used to finance a company’s immediate working capital needs. These can be large or small scale and usually operate short-term.
We also specialise in helping you secure your loan and financial freedom by offering risk and life insurance. Through our valued partnership arrangement with an insurance brokerage firm About risk we are able to offer our clients a range of different insurance opportunities. This service offers free consultation and even if you are happy with your current insurer for your home, business or any other insurance requirement, call the office for second opinion on price and cover