It is easy to get confused when it comes to home loans and property finance. There are a myriad of different options when arranging finance for your home or investment property.
Take the guess work out of trying to decide which home loan or financial structure is right for you. Using a seasoned professional Mortgage Broker will save you the time and effort in making the best decision.
Western Financial Group will take you through each of the loan types available to you and putting your needs first.
Here’s a brief overview of some of the most common loan types.
- Variable Rate Home Loans
- Split Loans
- Fixed Rate Home Loans (1 – 5 years)
- Limited Guarantor Loans
- Basic Loans (no features)
- Professional Packages (typically come with Offset and Credit Card)
- Line of Credit
There’s no point having your heart set on a property and rushing out and signing a contract if you can’t get the finance. Purchasing a property can be a stressful experience, thus getting your finance approval together early will enable you to spend more time on finding the right property for you
- The benefits of being Pre-Approved:
- Have confidence the banks will lend you money
- Saves running around at the last minute
- Know how much you can borrow
- It is free (with most financial institutions)
- Greater negotiating power when making offers
- Know how much your repayments will be
- Save stress
There’s nothing worse than being stuck in the wrong loan. Many people start off in the right loan, but as their situation changes they end up paying too much interest on a loan that doesn’t have the features they need or doesn’t fit their current requirements.
There’s no point, and a lot of time wasting, applying for a loan that gives you a 0.1% rate saving, if your new lender does not offer the services that you want or desire.
There’s also no point fixing with most lenders if you need to make additional repayments and may need to access those funds later.
Most brokers just say "Here you go, here’s a cheap home loan, see you next time" without taking all of the features you need into consideration.
With our comprehensive fact finding model, our in-depth interview process, coupled with our knowledge and experience, we can create the best loan strategy based on all of your needs.
Not all investment properties are created equal!
There’s no point having a great yield if your capital growth is below par. There’s also no point in having fantastic capital growth if you can’t get tenants.
There is no such thing as the perfect investment property. What you can do is ensure when an investment property is acquired, that all of the research has been done thereby giving you the best chance for success and making a great investment.
Through our network of business contacts, at times we have access to some great investment opportunities. If you would like to explore this option further, please mention this when you speak to us.
There are many property investing strategies out there. Once you find a strategy that works for you, stick to it! Once you’ve perfected it, move onto the next strategy.
Ready to find out more?
Contact Western Financial Group today to ensure you get it right – the first time!