Give your family a home and an investment for their future.
Residential home loans are loans for individuals, couples and families who are buying their own home, acquiring an investment property, purchasing a block of land or building a home to live in. The long-term protection of your home and growth of your investment portfolio are vital to compliment your life successes. Your home loans and investment loans require a special understanding that only those who specialise in this field can help you with. If you are a business owner, this adds a level of complexity and extra requirements to ensure you have the right finance structure in place for long-term growth.
The funds or equity you require as a deposit has increased, with some banks, to 20% but it is still possible to get mortgages on 5% deposit, of the value of the house, if you have strong income and a good personal profile.
Standard Variable Rate Loans, are the standard home loans that Lenders supply. They are the most common type of loan approved by Lenders. On a variable rate, the interest rate will fluctuate with changes in the market.
A Fixed Rate home loan is offered to a client that requires the certainty of a known repayment amount, and who also wants to protect against possible interest rate increases.
A Self-Managed Super Fund loan allows you to manage your own superannuation investments for your retirement. SMSF loan is a financial arrangement which allows an SMSF to borrow money to purchase an investment property.
SMSF loans allows the SMSF to invest in the property market and potentially create additional income and capital growth within their superannuation fund. SMSF loans can be a useful tool when seeking to grow your SMSF retirement savings through property investments.
Understanding the basics is crucial before getting started. We always suggest you speak to your accountant or financial advisor for any questions on setting up your SMSF.
Construction Loans are suitable for any borrower intending to build a new home on a vacant block of land, acquire a house and land package or make improvements to their existing home or investment property. The terms and manner in which they operate differ dependent on the application but they are usually offered on a standard variable basis where the borrower is charged interest only on the outstanding balance. Once construction has been completed, these loans are normally converted to one of the more standard loan types.
A business loan is secured against real assets* (vehicle, house, land, commercial premises, or other business assets).
A standard secured bank loan can be great for raising working capital, purchasing commercial property, expanding, re-financing your business, or anything else.
An overdraft is a credit facility attached to your everyday business transaction account. It allows you to go into a negative balance (take out more cash than you have) and use the bank’s money as credit.
An overdraft can ease fluctuations in your cash flow by providing instant cover for unexpected expenses or larger orders. It can also help to cover the time between a sale and a payment.
A business credit card is a credit facility that allows you to pay for goods and services with an interest-free period (usually 45–60 days). The credit is revolving, which means that you can use up to your agreed limit as and when you choose — even if you’ve made payments.
Interest-free periods let you hold on to your own cash for longer without having to pay extra, allowing you to take up opportunities as they come along.
The more information you supply at the time of applying for a loan, the quicker we, the broker can respond.
Much the same information will be required as for residential borrowers, with some slight variations:
Area of property being purchased or refinanced
Stock units or actual stock numbers
Effective area, i.e. h.a.’s owned, leased or sharefarmed
Cash flow projections
Milk production, calving or lambing rates
Past three years’ tax returns and financial statements.
As suggested by the name, car loans are those loans lent to individuals specifically for the purpose of purchasing a car.
Car loans do sometimes also get referred to as car financing and their interest rates are generally lower than Personal Loans. This obviously waxes and wanes depending on the economy. Car loans are the second most common form of loan taken out by individuals, only being eclipsed by the home loan.
These contracts enable companies and business professionals to finance equipment purchases without capital outlay or a significant impact on working capital.
The main difference between the two contracts is that with an asset purchase contract the title vests with the financier. At the end of the contract, the title automatically passes to the borrower. With a chattel mortgage, the client acquires immediate ownership of the equipment, over which a charge is registered with ASIC as security for the loan.
Goods which are predominantly for business use may be financed 100% this way, with payment structured to match the cash flow. The tax deduction would normally be the interest portion of the payments plus the depreciation on the goods financed.
A commercial loan is a loan lent to a business, for a defined purpose.
The loan is generally secured and can be both long term or short term depending on the purpose of the loan. Details of the agreement will depend on a number of factors, namely, the relationship between the lender and the business – whether they have had previous dealings, the credit history of the business, the market and so forth. Like home loans, these to can be either fixed interest or variable.
The more information you supply at the time of applying for a loan, the quicker we, the broker can respond. Much the same information will be required as for residential borrowers with some slight variations: Valuation – most lending institutions insist on Registered Valuations addressed to them for “lending purposes”
A relocation loan (also known as a bridging loan) is a short term, 12-month loan that helps you buy a second property while giving you time to sell your first one (even if you still have a mortgage on it).
Found your dream home but need to sell your old one for the funds? This loan helps bridge the gap between buying a new home and finalising the sale of your current one.
Invoice or debtor finance is a lending facility secured against outstanding invoices that you have issued to customers.
When you create a new invoice, the finance company will lend you up to 80% of the invoice value. When the customer pays, the remainder of the cash is forwarded to you, less the provider’s interest and fee. This allows your business to maximise working capital, boost cash flow and assist with funding as your business grows
