Services

First Home, Investment, Upgrade, Refinance, Land and Construction

• We will compare over 50 lenders in our panel to find the most suitable loan for you.
• For first home buyers, who might be tight on savings. In such circumstances, we will explain how Lender’s Mortgage Insurance works and whether this cost applies to you.
• We will provide all possible borrowing capacity options with different strategies so you can make an informed decision.
• We will let you know whether you are able to access any government assistance or concessions, such as First Homeowner Grant etc.
• After determining the right lender and product for you, we will let you know what are the documents that are required for the loan application.
• We will take care of your home loan application from start to end. You can rest assured to have the smoothest loan application you can expect.
• We will investigate Rent to Buy, Bridging Finance, Guarantor Scenarios to support all possible options to buy.
• Refinance option to save maximum interest along with all possible cash back offers.
• Up to 3 constructions on One title for residential lending deals.
• Both land and construction loan approval at same time to remove all stress.

FIRST HOME

Traditionally, banks required borrowers to contribute a significant deposit, usually around 20% of the property’s purchase price, to mitigate the risk of default. This deposit acted as collateral for the lender, reducing the amount of money the bank needed to lend and protecting it in case of default.

However, lending criteria have evolved over time, and some banks now offer mortgage options with lower deposit requirements. For example, some lenders may offer mortgages with a deposit requirement of 5% or 10%, allowing borrowers to enter the property market sooner.

It is essential to note that while lower deposit requirements may make it easier for borrowers to purchase a property, they also come with additional costs, such as mortgage insurance. Borrowers should also consider their ability to repay the loan, including the principal and interest, over the loan term.

If you are considering buying a property, it is advisable to speak with a financial adviser or mortgage broker to understand the options available to you and to assess your financial situation.

GUARANTOR LOAN

A Guarantor Loan is a type of loan that allows borrowers to borrow more than the purchase price of the property to include additional costs such as stamp duty, legal fees, and bank fees. The loan is secured by using a guarantor, typically a parent or close family member, who agrees to provide some of the equity in their property as security for the loan.

With a Guarantor Loan, borrowers can potentially borrow up to 105% of the property’s purchase price. This type of loan can be particularly beneficial for first-time homebuyers who may not have sufficient savings to cover the additional costs associated with purchasing a property.

However, it is important to note that Guarantor Loans come with risks. If the borrower is unable to meet their loan repayments, the guarantor may be required to step in and make the payments on their behalf. This can put the guarantor’s property and financial security at risk.

As with any type of loan, it is crucial to carefully consider your financial situation and ability to repay the loan before committing to a Guarantor Loan. It is advisable to seek independent financial advice before making any significant financial decisions.

First Home Buyer Government Incentives

 Many governments offer incentives and programs to assist first home buyers in purchasing their first home. Here are some examples of first home buyer government incentives:

1. First Homeowner Grant (FHOG): A one-off grant provided by the government to first home buyers to assist with the purchase or construction of a new home. The amount of the grant varies by state or territory in Australia, for example.
2. Stamp duty exemptions or concessions: Some states or territories offer stamp duty exemptions or concessions for first home buyers, which can save thousands of dollars in upfront costs.
3. First Home Loan Deposit Scheme (FHLDS): A scheme that allows eligible first home buyers to purchase a home with a deposit as low as 5% without having to pay for lenders mortgage insurance (LMI).
4. First Home Super Saver Scheme (FHSSS): A scheme that allows eligible first home buyers to save for a deposit using their superannuation fund, which offers potential tax benefits.
5. Homebuilder Grant: A temporary grant provided by the Australian government to eligible homebuyers to assist with building or renovating a home.

It is essential to note that the eligibility criteria, terms, and conditions for these programs may vary by country, state, or territory. It is advisable to check with the relevant government authority or speak with a financial adviser to understand the options available and determine which incentives are best suited to your circumstances.

BRIDGING LOAN

A bridging loan is a type of short-term financing that can help bridge the gap between the sale of an existing property and the purchase of a new one. It is designed to help homebuyers who are looking to buy a new property before selling their existing one.

Bridging loans are typically used to cover the purchase of a new property before the sale of an existing property is completed. This type of loan can provide the borrower with the funds needed to complete the purchase of the new property while waiting for the sale of the existing property to finalize.

Bridging loans are generally offered for a short term, typically between six and twelve months, and often come with higher interest rates and fees than other types of loans. However, they can be a useful tool for homebuyers who need to secure a new property quickly and cannot wait for the sale of their existing property to finalize.

It is important to carefully consider your financial situation and ability to repay the loan before committing to a bridging loan. It is advisable to seek independent financial advice before making any significant financial decisions.

Sell FIRST and BUY Later

Selling your existing property before purchasing a new one is a common approach for many homebuyers, as it can provide a more straightforward and secure process. By selling first, you will know precisely how much money you will have available to use towards your new purchase.

The benefits of selling first and purchasing later include:

1. Knowing your budget: By selling your current property first, you’ll have a better idea of how much you can afford to spend on your new home.
2. Reducing financial risk: Selling first can help reduce the financial risk of being stuck with two mortgages if your existing property doesn’t sell as quickly as anticipated.
3. Negotiating power: When you’re a cash buyer, you have more negotiating power and can potentially secure a better deal on your new property.
4. No chain: Selling first means you won’t be part of a property chain, which can cause delays and complications during the buying process.

However, selling first can also have its drawbacks, such as the possibility of needing to rent or temporarily move out of your current property while you search for a new one. Additionally, if property prices increase significantly during the time it takes to sell and purchase, you may miss out on potential capital gains.

Ultimately, the decision to sell first and purchase later will depend on your individual circumstances and priorities. It is advisable to speak with a financial adviser or real estate agent to help you understand the pros and cons and make the best decision for your situation.

Simultaneous Settlement

Simultaneous settlement, also known as concurrent settlement, is a process where the sale and purchase of two properties occur on the same day, and both transactions are completed at the same time. This process ensures a smooth and seamless transfer of ownership between two parties.

Simultaneous settlement can be beneficial for those who are selling their existing property and purchasing a new one, as it eliminates the need to rent or temporarily move out of their current property while they search for a new one.

Here are some of the benefits of simultaneous settlement:

1. Convenience: With simultaneous settlement, both transactions are completed on the same day, providing convenience and a smoother transfer of ownership.
2. Reduced financial risk: Simultaneous settlement can reduce the financial risk of being stuck with two properties or not having a place to live in case of any delay or complications.
3. Less hassle: There is no need to organize multiple moving dates, temporary accommodation or to pay for storage of furniture and belongings.

However, simultaneous settlement can also have its drawbacks, such as the possibility of delays or complications that can affect both transactions. It is essential to work with a professional and experienced conveyancer or solicitor who can manage the process and ensure everything goes smoothly.

Ultimately, whether you choose simultaneous settlement, or another option will depend on your individual circumstances and priorities. It is advisable to speak with a financial adviser or real estate agent to help you understand the pros and cons and make the best decision for your situation.

Property INVESTMENT Loans 

Building an investment property portfolio can be a smart long-term investment strategy that can help you generate wealth and achieve financial goals. Here are some steps to consider when building your investment property portfolio:

1. Establish your investment goals: Determine what you want to achieve through your investment property portfolio. This will help you identify the types of properties you should be looking for and the locations that will meet your investment objectives.
2. Determine your budget: You’ll need to consider your financial capacity and how much you can afford to invest in your portfolio. Consider getting pre-approval for your investment property loan before you start searching for properties.
3. Research the market: Look for properties that are likely to appreciate and provide a good return on investment. Consider factors such as location, transport links, infrastructure, local amenities, and population growth.
4. Develop a strategy: Consider whether you want to focus on buying and holding properties, renovating and flipping properties, or investing in properties with high rental yields. Develop a strategy that aligns with your investment goals.
5. Seek professional advice: Consider seeking professional advice from a financial advisor, property investment advisor, or real estate agent who has experience working with investors.
6. Manage your risks: Building an investment property portfolio carries some level of risk, so it’s essential to manage those risks. Consider factors such as interest rate fluctuations, vacancy rates, and rental income.
7. Monitor your portfolio: Keep track of your properties’ performance and adjust your strategy as needed. Regularly review your investment goals and consider diversifying your portfolio to manage risk.

Building an investment property portfolio can be a long-term strategy that requires patience, research, and a clear understanding of your financial goals. With the right approach and professional advice, you can build a successful investment property portfolio that helps you achieve your financial objectives.

Property Refinance Loans

Refinancing your home loan is the process of replacing your existing mortgage with a new one, usually to get a better interest rate, lower monthly repayments, or to access equity in your home. Here are some steps to consider when refinancing your home loan:

1. Review your current loan: Evaluate your current mortgage terms and conditions, including the interest rate, fees, and repayment schedule.
2. Compare loan options: Research and compare different loan options from various lenders to find the one that suits your financial goals and circumstances.
3. Consider the costs: Refinancing can involve costs such as application fees, valuation fees, legal fees, and discharge fees from your current lender. Make sure you factor in these costs when deciding whether to refinance.
4. Check your credit score: A good credit score is essential when refinancing your home loan. Check your credit score and take steps to improve it if necessary.
5. Gather required documentation: Lenders typically require documentation such as proof of income, employment, and asset and liability statements. Make sure you have all the required documentation ready to streamline the application process.
6. Apply for the new loan: Once you’ve chosen a lender and product that suits you, submit your application and provide all the required documentation.
7. Pay out your old loan: Once your new loan is approved, pay out your old loan with the proceeds from the new loan.
8. Monitor your new loan: Keep track of your new loan terms and conditions and make sure you’re meeting your repayment obligations.

Refinancing your home loan can be a smart financial move if it aligns with your financial goals and circumstances. It’s essential to do your research, compare options, and seek professional advice if necessary to make the right decision.

Arranging the correct finance can be a key element to make commercial property acquisition. We help our clients to make the most comprehensive plan to win the deal. Also, we share our insights for our clients to get higher yield and worth value.

FinAus is a Commercial Property Loans specialist that has brokers with a network of 100 plus lenders including the major banks We have a variety of commercial loan solutions that include.

• Purchase of retail, industrial, residential, and commercial property
• Construction retail, industrial, residential, and commercial property
• Specialist securities such as childcare centres, hotels, motels, caravan parks and petrol stations
• High LVR where you can borrow up to 85% of the property’s value.
• True NO DOC commercial loans up to 65% LVR up to 25 years
• Credit impaired solutions for those with a poor credit history
• Lease Doc for investment purchases – no financials just rental income
• We can help you with commercial finance features like, Overdrafts, Term loans, Cash flow finance, Property development finance, Hire purchase. Chattel  mortgage, Leasing finance

What is SMSF Loan?

SMSF Loan is a loan product designed for a self-managed super fund (SMSF) to buy investment property under its name. The rental income and capital gains from such an investment must be funnelled back into the SMSF itself. A self-managed super fund loan or Limited Recourse Borrowing Arrangement (LRBA) allows you to leverage the funds in your self-managed super fund (SMSF) to purchase an investment property. A growing number of Australians are taking control of their retirement planning and switching to SMSFs to help meet their property investment goals. Lenders such as Liberty offer SMSF home loan solutions and SMSF commercial property loans.

SMSF loans support SMSF trustees to borrow money to purchase an investment property they may not have the funds to buy outright through their SMSF. Ownership of the purchased property is then held in a custodian trust until the loan is repaid. At that point, the SMSF acquires the title. Throughout the life of the loan, the SMSF members have a beneficial interest in the property. Any income generated is reinvested into the SMSF to help repay the loan or increase the fund value.

With new changes, you can borrow for residential, commercial investments. There are options for refinance too. We specialises in SMSF lending, for both commercial and residential clients. We provide a range of borrowing options to meet investor’s individual needs and financial goals:

• $100,000 – $5,000,000 SMSF loans
• Competitive interest rates
• ‘Set and forget’ loan terms up to 30 years
• Interest-only, fixed-rate or principal and interest payments
• Up to 80% LVR for Residential and 75% LVR for Commercial SMSF
• Tailored loan solutions
• No annual reviews, ongoing fees or re-evaluations
• Full Doc options
• Fast approvals and settlement
• No red tape or jargon

Once you’ve purchased your property, it’s important to protect it

There’s plenty of options for insurance and the cover(s) you want to take out will depend on your personal circumstances and property you purchase.The most common types of insurance include.

Home/Contents Insurance – protect what’s inside my home

Insurance that covers damages to your property for events such as like theft, fire and storms. This type of insurance can have specialised coverage for owner occupiers, investors and renters.

Income Protection Insurance – protect my income if I’m unable to work

This type of insurance protects your regular income if you’re unable to work because of an illness or injured.

Mortgage Protection Insurance – protect my mortgage if an unforeseeable event occurs

This type of insurance will assist you with paying off your loan if an unforeseeable event happens. This event can also protect other debts such as personal loans.

Building Insurance – protect the structure of my property

This type of insurance will cover the cost of damages to the structure of your building.

Get FREE home and contents insurance for 30 days.

Loan Market can organise FREE home and contents insurance for 30 days or one month’s FREE landlord insurance. Many of the lenders we work with have insurance products. If you want to get more from your insurance and spend less time researching all the different options, speak to your Loan Market broker today.