With years of experience in investments services, we will guide you on the right track to securing your financial future. We will help you to select the best financial deals suited to your situation from a range of lenders including all major banks.
Financial Restructure and Gain - When setting up the financing for your investment property, you can gain by restructuring your entire debt package. By taking advantage of the newer forms of "Line of Credit/Offset" products now available you can consolidate short and long term debt within the one package and at today's lower interest rate.
Lenders Requirements - The lender will look to ascertain two things:
The security that will back the loan - Property is the ideal security and most fiancers will lend up to 80% of the total value of the properties (your own home and the investment property combined).
Your capacity to pay the monthly instalments on the loan. Generally the amount of your total monthly debt repayments (including Credit Cards) should not excceed 30% to 35% of your monthly income before tax (including the rent received on the investment property).
Fixed versus Variable Interest - This is a personal choice and depends on your attitude and risk. In today's climate variable rates are lower than fixed rates but the comfort of knowing that there will be no surprise increase can be attractive. An option is to elect a mixture, say half Variable and half Fixed.
Interest Only or Principal Repayments - Interest Only preserves the taxation benefits of negative gearing and has the lowest initial outlay, however principal repayments could be viewed as a form of saving allowing the equity in the properties to build up more quickly.
Contingencies - Over time there will be periods when extra cash is needed, for example the property may be untenanted for a week or two. We strongly recommend that you set up a Bank account specifically for the investment property and that you deposit any excess loan amount into that account together with small weekly savings (say $10) as a buffer to tide you over these periods. A line of credit loan does cater for this aspect.
Finance Advice and Analysis - Your property investment possibilities will be explained and we will show you your capacity to invest.
Residential Finance - Our huge pooling power gives you the very best in financial servies. Our specialty is providing the right structure for you to add to your portfolio with ease and low cost.
We handle the coordination of the finance on the property for the clients, selecting the best loan for the client from the major Financial Lenders in the market place today.
We arrange for the clients through the taxation department, a weekly tax refund in their pay packet using the PAYG Tax Act to help them comfortably afford their purchase.
As you know money saved is money earned, so if you are interested in saving money and securing your financial future. Contact us today for a free consultation. We can make a time with you for one of our accredited personnel to discuss your individual situation.