Buying a home is an exciting yet stressful time. Whether it is your first home, you have bought and sold property before or you need to renovate, there are always so many things that need to be done before you pick up your new keys and start living. Securing the right finance can minimise the stress and get you under your own roof faster.
The difference between the payments you make and the amount you pay off is the interest and fees charged by your bank. Let us talk to your existing bank about what you pay or let us explore what else is available for you in the current market. Want to know more?
Home ownership can be a sound basis for your children's wealth creation strategy. There are a variety of ways you can help your children commence their property portfolios (you don’t always have to put your hand in your pocket, either!). Want to know more?
Is property investment part of your plan to grow your wealth for your family and retirement? Making sure you can maintain your current lifestyle and a new investment will be key elements to building a property portfolio. Want to know more?
It is simply time to move on, and finding your next home should be a breeze since you have done it before. There are other things to consider now, you don’t always need to sell your current home to make this next step. Aligning the purchase of your new home and sale of your current home takes some coordination to make sure you’re financially covered. Want to know more?
So you have decided it is time to enter the property market, you may have found a home that is perfect for you. Now you need to get the right finances to take this plunge. Want to know more?
The interest rate moves up or down in accordance with market movements in interest rates. You have complete flexibility around additional payments and loan features to shorten your loan term. Want to know more?
A loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. Fixed rate loans provide certainty around repayment amounts for a set period of time. However you can forego some flexibility around additional payments and the costs of renegotiating prior to the end of the fixed rate period can be restrictive. Want to know more?
Is a loan that has one portion of the loan fixed and one portion variable. You can select how much to allocate to each and have the best of both worlds. Want to know more?
You repay only the interest during the term of the loan but the amount owed remains static. Therefore, repayments are lower than with a standard principal and interest loan. At the end of the interest only period you start making Principal and Interest Repayments over the remaining term of the loan. Want to know more?
This type of property loan revolves around equity built up in your property and allows access to funds when needed. These products are creative ways to raise funds for investment by providing cash up to a pre-arranged limit. As long as there is consistently more cash coming in than going out these accounts can work well. However, they can be very costly if the balance of the line of credit is not regularly reduced. It requires an interest-only payment as a minimum each month, which can add up to a lot of interest over the long term. Want to know more?
A low-doc or no-doc mortgage is ideally suited for investors or self-employed borrowers looking to refinance, purchase or renovate. More flexible criteria other than tax returns can be used by a lender to determine your borrowing power. Want to know more?
There is only one person you need to see when you utilise the services of an AMP Accredited Mortgage Consultant. All the running around and comparing all the different options, consolidating the choices and helping you select a home loan that will suit your individual needs are all done for you and at no additional charge to you.
So what is the catch…. Who pays the Mortgage Consultant? The lenders pay a commission to the mortgage broker once your mortgage is settled. This commission isn’t added to your loan, you don’t pay for the expert services provided by a Mortgage Consultant, you just reap the benefits.
To achieve one or all of the above will take a strong financial plan. It’s just one of the steps to achieve your goals. Contact us today to start your planning today.
Sovereign Wealth Solutions Pty Ltd, ABN 64 152 176 362 is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706
Any advice contained in this website is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Therefore, before making any decision, you should consider the appropriateness of the advice with regard to those matters.
© Sovereign Wealth Solutions Ballarat, Bendigo, Geelong & Horsham