Serving Loans to help people across the mornington Peninsula reach their financial goals
FIRST HOME BUYER LOANS
We help you move from renting someone elses's property, to owning your own. We explain how much deposit is needed, we compare your proposed purchase against established properties in the same area, we investigate FHOG requirements and reduced Stamp Duty. We help you to understand the loan process and guide you step by step. Our aim is to assist you in choosing the right loan for your needs and to ensure you understand all the costs involved.
We recommend getting your finance pre-approved, and not leaving everything 'too late' for when the 'right' property is found. This also allows you to see what you're capable of borrowing and to ensure you are comfortable with the repayment amounts and expenses that are part of purchasing a property.
We also explain guarantor loans and whether it is suitable strategy for your situation however this is ascertained on a case by case basis.
Owner Occupied Property Loans
Owner-occupied home loans are available for borrowers who plan to live in the home that the loan is required. Those wishing to take out an owner-occupied home loan may want to purchase an existing home, build a new home or renovate an established property. If you are in the market for a home to live in, there are a range of both fixed and variable rate owner-occupied home loans available to suit your needs.
You may want to Refinance your current Home loan to a loan at a lower rate of interest, or change to a combination fixed and variable rate or explore your options to pay off your loan quicker. We have an extensive range of products available from lenders which allow us to ensure you have the best possible loan product and interest rate available to allow you to achieve your financial goals.
We do not favor any banks; we work to favor our clients and to ensure the best rates/packages are offered to you.
Investment Loans
If you are considering purchasing an Investment property or adding to your current property portfolio, then look no further. We are here to help, with a large range of Investment loans, repayment strategies, and other options for property Investors.
We know the needs of property Investors vary greatly, our diverse panel lender means should be able to find the right loan product for almost every circumstance.
We even have people to help you find your investment property!
Mortgages for people with credit defaults
Bad credit home loans are mortgages for borrowers that have what is considered an 'impaired', or bad credit history. These home loans are specifically tailored to accommodate the lending requirements of borrowers who have a credit history that is not 'clear'.
Normally, it means a mortgage that is offered from a non-conforming or specialist lender that can consider all situations, in particular for those with black marks on your credit file. It is designed to separate and help applications from regular people who do not meet the bank's guidelines due to defaults.
People with bad credit are not necessarily ineligible for finance for a home loan or investment mortgage. This is why it is best to sit down and discuss your options to see how we can help you move forward.
Equity Guarantor Loans
A guarantor home loan is when another person (such as a parent, or family member) puts up a property they own (or have equity in) as security for the property being purchased.
Normally, when someone borrows more than 80% of the property value, the bank will insist you pay mortgage insurance in case you cannot repay the debt. If you choose to use the guarantor home loan option, then this insurance is waived.
A guarantor allows the equity in his or her own property to be used as additional security for your loan. The primary security for the loan will be your property, but the lender will also take a mortgage over the guarantor's property. This mortgage will not support the loan directly but will be used to support a guarantee from your guarantor.
We explain to both you and the guarantor the benefits and risks involved clearly to ensure everyone knows all the facts. This can be a great option for many people to help get into their own home and not pay thousands on Mortgage Insurance.
Self Employed Loans
If you are self-employed and looking to get finance, please speak to us! Banks just love to make it hard for anyone with a business to borrow money. Luckily not every bank has the same requirements for the self-employed! If you run your own business, you may not have the proof of income documents usually required to apply for a home loan. Don't just go to the same bank where you have your savings or business account. Banks rely on this convenience factor and because they don't have to try to win your business- you may not get the best loan on offer.
Most banks will send you in the direction of lo-doc loans, leading you to believe that this is the only option for you. Whilst in some cases a lo-doc loan may be the right choice for you, it is important to consider all options to create a mortgage that most benefits you and your circumstances.
Commercial Loans
We help look into bank loans that are specifically given to businesses such as retail, wholesale, industrial, or manufacturing companies. Businesses require an adequate amount of capital to fund start-up expenses or pay for expansions. As such, companies can take out business loans to gain the financial assistance they need. Lenders will want to know how the business intends to use the borrowed monies, so business owners must make sure to have a clear outline for how the money will be spent.
There are a variety of loan options to choose from for Business purposes.
Car Loans
There are a range of options for car finance; we look into rates, monthly repayments, balloon payments etc. We help to advise you of what is available and what you would be able to borrow, so you can start researching the type of vehicle that suits you.
Car finance is supplied for either individuals or businesses. An important decision when selecting a car loan is whether you wish to have a Residual Value or "Balloon Payment" on the loan, and, if so, how large you want it to be. The presence and size of a Residual Value/Balloon Payment affects the amount of your regular monthly repayments as well as the amount owing at the end of the loan.
Conveyancing, Legal services & Insurances
(HOME & CONTENTS, INCOME, DISABILITY, LIFE)
We have built a strong network of people we can refer you to for assistance in areas of conveyancing, legal services and insurances.
For further information about how we can connect you with the right people, please get in touch.
Default and Judgement Removal
What is a default?
A default is the express opinion of a credit provider that an individual has failed to comply with their obligations pursuant to a contract or agreement whereby a debt has been deferred and that debt has not been repaid in accordance with the terms and condition of the agreement.
What is a judgment?
Judgments relate to court proceedings and a subsequent order made by a magistrate that one party (normally the debtor) owes the other party (normally the plaintiff) a debt. The order becomes publicly available information which the credit bureau upload direct from the courts onto their internal databases on a day-to-day basis. Credit providers are very concerned when they see judgments as this is an indication that the person is in financial trouble or not reliable to make repayments. This is not always the case. People are not aware that going over the due date on normal bills (electricity, phone etc.) even though they pay the bill at a later stage, can place them on a default list.
Sometimes, just moving house and not receiving the final bill is all it takes.
It all sounds scary; however, once we fully investigate your situation, we may be able to assist you in correcting the information held on your credit report prior to lodging your application to a lender for finance.
