Dreaming of your New Home?
Home Loan Solutions… Tailor made.
“The right loan will save you a lot of money…lucky you have us to guide you”
Applying for a home loan can be a complicated process. What features do I need? Is variable better than Fixed? Should I be on a home loan package? … there are just too many options out there. Here at Advance Finance Group, our promise is to be right by your side every step of the way, from preparing your application right through to the settlement of your new home or investment property. We take the time to understand your needs and get the right solution for you, every time.
First Home Buyers
Are you a first home buyer looking to enter the property market but not sure where to start? There are so many different boxes to tick when applying for a home loan and the process can be quite daunting. It is an exciting time choosing your first home so let us share it with you. We can guide you through the application process and find a home loan that is just the right fit for you.
We work with our clients to establish and expand their investment property portfolio by offering funding solutions that are aligned to your property wealth strategies. Banks look for two main criteria – Equity and Affordability. Do you have sufficient equity in your current property for deposit and costs on another one AND can you afford another property? Let us do the number crunching to determine if an investment property is achievable for you.
Is your interest rate still competitive? When did you last review your home loan? Would you like to install a pool or a new kitchen, or perhaps renovate? We have access to a wide range of bank and non-bank lenders and work to ensure our customers are getting the best deal on their mortgage.
We can help put the smile back on your dial. If you are struggling to meet your current mortgage, credit card, personal loan and other commitments, we can help! Our non-bank lender panel offer a wide range of home loan options that are not a “one size fits all” solution. We work hard to assist our customers in reducing mortgage stress
Having finance already approved allows you to make an offer on a property and often this could be the difference between securing your dream home or having it slip through your fingers. A pre-approval allows you to actively browse the property market knowing that your finance is already approved and all that you have to do is find the right property.
Why trust us with your home loan?
“Because it is a privilege to assist you…one that we do not take lightly”
Home loans…they are not forever.
“Paying your home loan off quickly is the key to wealth creation…”
Non tax deductable debt is not good debt. Credit cards and personal loans are financial cancer and will eat away at your prosperity. It is easy to build wealth if you minimise your debt exposure. Start by building equity, this will create opportunities so your wealth building strategy can commence.
Here are a few tips to repay your loan as quickly as possible.
Make your payments more frequent.
Interest on home loans is calculated daily, and charged monthly, so making payments more frequently can help reduce the interest you pay over the term of your loan.
Use your redraw facility.
Deposit lump sums into your loan when you can, as this amount will come off your principle and therefore will reduced the amount of interest charged.
Consider a 100% offset account.
An offset account is transactional savings account linked to your home loan. When interest on your home loan is calculated, the balance of your offset account is taken off the principal thereby reducing the amount of interest that is applied to your principle which helps you pay off your home loan faster. Most offset accounts have an annual fee, we will check if this is the right option for you.
Let’s say you have a home loan of $380,000 with an interest rate of 4%. In your transactional offset account, you had $30,000 you would be accruing interest on only $350,000 of your home loan therefore saving you $1,200 per annum in interest.
Set up a scheduled payment from your savings account. With a scheduled payment you are in control of finances by stopping and starting the extra payments when you want. If you paid an extra $200 a fortnight off a $380,000, 30-year home loan you would save $93,187 in interest and 9.2 years off your loan term
“Remember it is hard by the yard but a cinch by the inch”
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