Owner occupied Rate As low as
from 3.55%
Comparison RATE 3.95%
Investment Rate As low as
from 3.89%
Comparison RATE 4.03%
Personal Loan Rates As low as
from 10.99%
Comparison RATE 12.21%
Car Loan Rates As low as
from 6.99%
Comparison RATE 9.83%
Given the vast number of mortgage products and options available today, shopping for a mortgage sometimes can be overwhelming and confusing for consumers. FINSERV will provide you with a comprehensive source of information and expert advice that will help you build a mortgage blueprint that fits your financial needs and long term financing goals. With access to various mortgage lenders, FINSERV shop the market on your behalf for the possible mortgage rates and offer you mortgage solutions that suit your unique mortgage needs.
Looking for your first home?
Buying a home is an exciting time! You’re about to take a big step so you’ll definitely need some advice from a mortgage professional. We’ll give you the facts your bank won’t tell you about financing your next purchase. With access to multiple lenders, we’ll help you find the competitive rates and suitable mortgage solution to help you buy your dream home. Our best advice? Begin with a conversation with our mortgage professional.
Our finance brokers can assist you with;
• Free Property Report of proposed property.
• Researching and evaluating product options from an extensive panel of lenders.
• Assessing eligibility and applying for the government’s First Home Owners Grant (FHOG).
• Arranging Pre-approved finance.
• Extensive support from initial assessment to settlement.
• A genuine companion
Considering the purchase of an Investment Property?
Bricks and mortar remains a sound investment in Australia but for anyone considering property investment, it is highly recommended they consult an expert.
Why Consider an Investment property?
Investment properties, particularly smaller, residential real estate – are now much more accessible to the average Australians. And as any homeowner will confirm, real estate has been one of the most attractive investment categories in Australia for the past decade. If you’re considering an investment in real estate, start by having a conversation with an experienced mortgage broker, to explore some of the innovative new options and great rates available today.
Want to talk investing?
Whatever your circumstances, FINSERV will find the deal that’s right for you, not the lender. Request your free appointment today
Are you looking to?
• Leverage lower interest rates?
• Access the equity within your home loan?
• Reduce monthly repayments?
• Shortening the Loan’s Term
• Upgrade your loan?
Consolidate your debts?
Whether you want to consolidate debt or need funds to renovate your home, we make it easy to use the equity in your home to help achieve these goals.
Whatever your reasons for wanting to refinance your mortgage, our mortgage specialists can help you evaluate the options existing within the market to make sure that you are getting the deal most closely suited to your needs.
There are many reasons why people want to consolidate their debts:
- Living expenses have gone up and now they can’t make monthly payments on all of their debts.
- High interest credit card debt is eating into their budget, they want to pay off these cards but they’ve been turned down for a bank loan.
- Have been keeping themselves afloat using a line of credit or bank overdraft for paying debts.
- Unable to refinance their mortgage to consolidate debts like they have in the past.
- An accumulation of payday loans due to debt problems, lost or reduced income or unaffordable car loan payments.
If you’re stressed and having trouble paying your debts, get help sooner than later. You’ll not only have more options and solutions available to you, it will ease your stress and you may even sleep better.
Build your dream from the ground up.
Many Australians are choosing to build custom homes with special features to suit their lifestyles and personal tastes. While building your own home can be a creative and exciting experience, it can also present some complicated financial challenges.
Building a home is a complex process that involves multiple parties including builders, contractors, lenders, solicitors, accountants, quantity surveyors and the council. With so many people involved in the process, there’s always the possibility that some experts won’t understand each other’s field and things may go wrong.
There are many other things to consider as well when planning building your own home. Such as what type of construction financing are you going to need? If you do not own the lot already, a construction mortgage can also be used to help finance the cost to purchase your land, will this be part of the question? How much will you need of your own equity to get started? Who is going to build your home? These questions plus many more will need to be considered.
Building a home complicated; but arranging your mortgage won’t be. I can help you with advice as you work your way through all the steps.
What you need a loan for:
• Car
• Debt Consolidation
• Renovation
• Travel
• Other
We can find out the perfect solutions for you suitability. Your benefits are;
• borrow from $5,000 up to $50,000.
• Have the freedom to pay off your loan early with no exit fees.
• Get fast access to extra money you’ve paid.
• Increase your loan amount if you need a bit extra.
A Self Managed Superannuation Fund (SMSF) can borrow money to buy property for investment purposes. Our team of mortgage specialists can organise your SMSF loan. The loan is supported by your employer’s contribution made on your behalf and the rent earned from the property. It is a non recourse obligation which means that the SMSF and not you are not personally liable for the loan.
Who may be eligible?
- You have a self-managed super fund or are planning to establish one.
- You want to purchase residential investment property using your superannuation fund.
- You have received independent advice as to the suitability of a property purchase and loan, including any taxation implications.
- You have a minimum SMSF fund balance, upon application, of $150,000 to $200,000
Customer Success Stories
real life scenarios
Mr. & Mrs. KS was buying an apartment as their first home for $410,000 with savings of $41,000 only. Both Husband and wife are PAYG employees. Clients went to another broker and the broker got a pre-approval for $369,000 (LVR 90%) and approx. LMI cost were $7,417.
How We could help:
Clients contacted us for a second opinion and we were able to get them the loan for LVR 80% and they saved LMI of $7,417
Mr. & Mrs. JP was buying their first home for $622,500. Both Husband and wife are PAYG employees. Clients wanted to go for a loan of $560,000 (LVR 90%) and approx. LMI cost were $12,314. However, their borrowing capacity was very less due to multiple debts of approx. $30,000.
How We could help:
We were able to get them the loan for LVR at 88% which helped them to save LMI of $3,955 and paid off all other debts.
Mr. & Mrs. AV was close to their 60s and wanted to refinance their existing home loan and buy an investment property. Even though both of them are working full time, loan was approved with 15 years loan term due to their age. Clients was not happy with higher amount of repayment and contacted us.
How We could help:
By using our expertise in cash flow analysis and exit strategy, we were able to get them the loan for 30 years loan term with reduced repayment and interest rate
Mr. & Mrs. TJ have two kids and there’s another on the way. They have multiple debts on top of their monthly mortgage, so things are tight. They want to secure some cash out to reduce a major liability and simplify their debts into one monthly payment to get their finances under control. Unfortunately, they’d missed some payments on their personal loans – so their existing lender wouldn’t consider their application.
How We could help:
With a home loan from an alternative lender, they could get the cash they needed to consolidate their debts and reduce their financial worries.
statistics
Australian Property Stats
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important milestones
Application Process
Especially for first home owners, the entire loan process can be a bit daunting. Finserv Financial Solutions aims to make the home loan approval process as easy and simple as possible so you know what to expect each step of the way.
At any time and place convenient for you.
We present you with all the lender options upfront and guide you so you can make an informed decision.
We gather all required documents and prepare application for you.
Your Home Loan Approval is on the way!
Go and Hunt your Dream Home with peace of mind!
Right home for life!
Once all previous steps are done, you are ready to get funds and move into your new home soon!
Even after settlement, We closely work along to pay off the mortgage at the earliest
Frequently Asked Questions
FAQ
Generally speaking, a deposit of 20% of the value of the property will save you from incurring additional fees such as Lender’s Mortgage Insurance. Some lenders will let you borrow up to 95% of the purchase price and then let you borrow the cost of the Lender’s Mortgage Insurance on top of that. Alternatively, if you don’t have a deposit, you can borrow up to 100% of the property’s purchase price, in two ways:
- Family Pledge: which means that a family member offers their property as security for you to purchase your property.
- 100% House and Land packages: allow you to borrow up to 100% of the price of the brand new home and land.
This means that a quick check on your serviceability of a loan has been done and it is calculated that you should be able to make mortgage repayments on the amount you have been pre-approved for. However, it is not binding and cannot be used to make an offer on a property. It is important to get a full or unconditional approval before proceeding with any property purchase. This involves completing a home loan application and providing all the necessary supporting documentation
Lender’s Mortgage Insurance, as the name states, protects the Lender not you as the borrower. Lender’s Mortgage Insurance (LMI) is a once off fee that normally applies to loans where the customer is borrowing more than 80% of the purchase price. LMI is scaled depending on the percentage you need to borrow (between 80 – 100%) and the amount of the loan (ie, $650,000). LMI can start from $800 and range up to nearly 4% of the loan amount. You have two options to pay this fee.
- You can pay it upfront on settlement of the loan.
- Some lenders allow you to capitalise the cost of your LMI, meaning that they will add this figure to your loan amount. For example, if you are borrowing $550,000, your LMI may work out to be $5000. You would actually increase your loan amount to now borrow $555,000 ($550,000 + $5,000).
You can aplly for FHOG in two ways;
- Directly to Your State
- Revenue Department; or
Your friendly Lending Specialist can assist you with this at the time of your home loan application.
A mortgage offset account can reduce interest on your loan. Your mortgage is linked to an account into which your salary and other cash can be deposited. You can then withdraw the funds to pay your bills. For example, if you have a loan of $500,000 and have $10,000 in your offset account, the amount of interest you pay will be calculated on only $490,000 ($500,000 – $10,000).
There are few costs you should account for;
- Registration of the mortgage
- Stamp Duty on the mortgage
- Registration of transfer
- Stamp Duty on the property purchase
- Land tax
If you’d like the benefits of a variable rate home loan but would still appreciate the certainty of a fixed rate home loan, you could get the best of both worlds by splitting your loan. This option will allow you to split between loan types, and you can split your loan into as many products as you want, into the ratio that best suits your needs. This way, you can enjoy repayment flexibility as well as certainty, all at the same time.
Yes. You can use the equity in your current property to help you purchase an investment property. Even if you have a mortgage on the property, you will likely have enough equity to purchase an investment property. Equity is the value of the difference between what your property is worth and what your mortgage loan is. For example, if you have a property valued at $900,000 with a mortgage of $700,000, you have $200,000 worth of equity. You may be able to borrow up to a certain percent of the equity to use toward investing in another property.
The amount you can borrow, commonly known as your borrowing capacity or borrowing power, will differ from lender to lender. Our home loan calculator will give you an initial idea of how much you can borrow. Our specialist brokers can give you a complete individual assessment of your situation.
When done properly under the right circumstances, loan refinancing can be very beneficial. However, there are drawbacks involved – namely the cost. The reasons for refinancing should be legitimate and the long term savings should definitely outweigh the short-term costs.
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