HOME LOANS FOR ALL purposes
A professional and personal service for property buyers
For most people, purchasing property is the biggest financial transaction and investment they make. So once you’ve found the perfect property it’s vital you choose the right partner to get you the finance you need to complete your purchase. Whether you’re buying your first home, making the next move or investing in property for the future or your retirement, Your Loan Solutions can provide the expert guidance and finance you need.
FIRST HOME BUYERS
Buying your first home is an amazing step in your life journey. You can’t wait to have your own space, ditch the rent payments and furnish your home just the way you like it!
Whether you’re the sort of homebuyer who’s driven by your heart or your head, it definitely pays to have professional assistance. Using a professional independent mortgage broker means you’ll get access to a wider range of product types and lenders than if you simply approach your current bank.
It pays to be pre-approved
Before you find that “got to have” house you need to now how much you can spend.
Sellers (and their agents) will be looking for you to be formally pre-approved to have confidence that you can obtain finance to complete the purchase. Loan pre-approvals are designed to help home buyers gain a clearer picture in regards to what they may be able to borrow. Many home buyers choose to get pre-approval as this means that finance is easily accessible and ready to go once they find the property they want to buy.
Your Loan Solutions will help you obtain pre-approval from a suitable lender, giving you peace of mind that you have access to finance when you need it. So now you’re all set to start house-hunting with the confidence that you’re ready to buy when that dream property turns up!
Help every step of the way
Your Loan Solutions can help you to applying for government incentives such as the First Home Owners Grant.
With previous experience working in real estate, Your Loan Solutions can provide information, guidance and advice on how the whole process works – which means you get the complete picture and avoid any surprises down the line. We can explain how the process of making offers works, explain the auction process and give first hand advice on land and build projects.
Our personal service means we learn about your circumstances and future plans to help you find a product that’s right for you now and flexible enough to support you in the future.
There are lots of reasons why you might be buying your next home. Upsizing as your family grows, down-sizing as your children leave home, or maybe you’re in a position to buy an investment property or holiday home.
Although you’re not new to house buying, it still helps to have a professional mortgage broker on your side. And remember you don’t pay anything for our services – the lender we refer you to pays our fee.
Now’s the time to find a better loan
Moving house or buying a new property is a great time to check out the mortgage market – particularly if you’ve had your current product for a few years. You may be paying a release fee to close out your current product so it definitely makes sense (and could save you money) to see what the market has to offer rather than simply choosing to stay with your current lender.
We’ll do the searching once we know your circumstances – and changing your mortgage provider doesn’t mean you have to change your current account or credit card arrangements.
Flexible bridging loans
If you’re looking to buy a new property and don’t want to wait until you can access funds from the sale of your current home, you may need a bridging loan. Options are available for interest only loans or you can capitalise the interest for the duration of the loan.
If you’re planning to buy an investment property, a professional broker can advise you on the best way to use loans and capital to fund it.
Acquiring loans based on equity can be a little more complex, so it’s a good idea to take professional advice and understand the options open to you.
Re-financing typically refers to taking out a new mortgage or home loan product on your existing property through your current lender or a new provider.
There are many reasons people choose to re-finance their loans; however the main reason is to reduce monthly repayments. Generally, the idea is to take out a new loan at a lower interest rate, or select a fixed rate loan that offers the security of monthly repayments.
Even if you don’t have a specific need to re-finance, if you’ve been with the same lender and on the same product for several years, reviewing the current market can make a lot of sense.
Many people choose to re-finance loans as their personal situations change – professional advice and assistance can help you make the right choices.
Some banks, lenders and comparison sites just aren’t set up to deal with the specific circumstances and home loan needs of self-employed applicants.
But if you’ve been frustrated, confused or rejected by a traditional lender, it doesn’t mean that you can’t secure the home loan you need.
The amount of financial documentation that our self-employed clients have can vary. You might have folders and folders of material or you may have very little. Some traditional lenders can lack the flexibility to work with what you’ve got – and if you don’t have the exact information they need (like up-to-date tax returns), your application can grind to a halt almost before it’s started. This is where a professional mortgage broker can help.
Two loan application approaches:
1) ‘Full doc’ loans
‘Full doc’ means you have all the up-to-date documentation needed to apply for a particular loan. Lenders use this information to assess your ability to repay the loan amount you’re applying for.
This may include evidence of tax returns and other financial records – and we’ll explain the document requirements of each product during our meetings with you.
2) ‘Alt doc’ loans
If you can’t provide all the documents needed for a ‘Full doc’ application, we’ll discuss your ability to meet ‘Alt doc’ loan requirements. If you don’t have tax returns, lenders may accept alternatives such as business bank statements, ATO Activity Statements (BAS) or a declaration from your accountant.