IntegriLend in Hawthorn, Victoria | Financial service

IntegriLend

Locality: Hawthorn, Victoria

Phone: +61 410 502 337

Address: 1 Wallen Road 3122 Hawthorn, VIC, Australia

Website: http://www.integrilend.com.au

Likes: 113

Add/Update information

Reviews

Tags

• Financial service
• Mortgage brokers

25.01.2022 Denying private property inspections until there are 5 cases a day is total overkill in our opinion. The forced closure of the property industry has so many flow on effects. Do you agree?

25.01.2022 "Mortgage Myth # 18 Though existing debts could impact how much you are eligible to borrow, some loans allow you to consolidate all your debts into a single, lower rate loan instead of having several loans, some of which have very higher interest rates."

22.01.2022 "Property investing faqs # 7 You will need a minimum of between 5 10% of the value of the property for your deposit, although this will vary between lenders and will be based on different criteria, such as the type of dwelling, location, etc. Some lenders may require a much higher deposit for some types of property and some lenders may not lend at all for particular property types and/or locations. Thats where our expertise will help you understand which lenders you can qualify with and how much they are prepared to lend on a particular property."

20.01.2022 "Property investing faqs # 9 Landlords insurance (or investment insurance) will cover your property against damage or theft caused by the tenant, events such as weather and fire, as well as outstanding rent should the tenant not be up to date. It will also cover you for any liability should a tradesperson be injured while working on your property. If you would like some options for landlord insurance, send us a message or give us a call."

20.01.2022 "Mortgage Myth # 9 Lenders Mortgage Insurance (LMI) is to protect the Lender in case a borrower defaults on their home loan. You can arrange your own mortgage insurance (we can help) or we can introduce you to an insurance professional to determine what level of cover is right for you."

20.01.2022 "Budgeting Tip # 10 Depending on where you start, it could take a month or two or a lot longer to get on top of your finances and feel like you're making headway so keep focused on where you are going and know that by staying on course, things will continue to improve for the better."

19.01.2022 "Expert insights # 17 Popularly known as the loan term, the amortisation period is the time over which the borrower must pay back both the loan’s principal and interest. It is usually determined during the application and approval process."

18.01.2022 "Mortgage Myth # 19 As there are 26 fortnights in a year compared to only 12 months, by having fortnightly payments, it will lower interest that accrues for the period while increasing the frequency of payments - which can help to pay your loan off quicker."

18.01.2022 "Mortgage Myth # 17 My clients dont actually pay for my service. I am proud to work in a role where I am only paid by the lender you select after helping you successfully receive your loan. Whats more, I will provide a line by line breakdown of exactly how I am remunerated prior to submitting your loan, which will provide you with full clarity and confidence."

17.01.2022 "Property investing faqs # 3 Negative gearing is when the annual cost of owning your investment property (inclusive of interest repayments, body corporate fees, maintenance etc) exceeds the rental income you receive from that property. This loss can be used to reduce your taxable income. If you would like us give you some examples of how other clients have negatively geared their property and what this could look like for you, send us a message and we can run some specific numbers for you."

17.01.2022 "Mortgage Myth # 22 All lenders use a credit reporting system, which is also accessible by you if you visit https://www.mycreditfile.com.au/"

17.01.2022 "Property investing faqs # 8 Most lenders will let you choose your repayment cycle, although if possible, it is a good idea to think about aiming for fortnightly payments rather than monthly, as you will make more repayments over the year which will shorten the length of your loan."

16.01.2022 "Mortgage Myth # 12 Lenders assess the upper limit of your credit card as debt regardless of how much you have owing. So, if you have a $10,000 credit car limit, even though you only spend $500 each month, the $10,000 limit will affect how lenders assess your serviceability - so you might consider lowering the limit on your card to give you more borrowing capacity."

15.01.2022 "Mortgage Myth # 15 Consumers are eligible to refinance a fixed rate loan, though there could be break costs to get out of the fixed rate. These costs must be taken into consideration to determine the most suitable solution for you, which is why it is critical to speak with your broker to determine what option work will work most in your favour."

15.01.2022 "Mortgage Myth # 5 Used properly and with good financial management, an offset account has the potential to dramatically reduce the total repayments and term of your loan. Though not for everyone, it is a popular way for some people to manage their loan."

15.01.2022 "Mortgage Myth # 6 Honeymoon rates are designed to do one thing only, get you to sign-up. They can easily cause people to make impulse decisions that seem attractive but can be a great disappointment once the honeymoon is over and they start paying the real rate. Avoid getting lured in so you can understand the full picture of what your loan and repayments will be."

15.01.2022 "Mortgage Myth # 11 Though lenders do use credit scores to assess what type of loans you are eligible for, there are lenders that specialise in lending money to people with lower credit scores. Often this means paying a higher interest rate, but once your credit score has improved, you are generally eligible to refinance into a lender with a better rate."

15.01.2022 "Mortgage Myth # 25 If you receive an inheritance or other lump sum, though this can help with your deposit, many lenders also like to see evidence of regular savings to give them confidence you can manage money responsibly and therefore pay back the loan. As there are a lot of varying policies when it comes to assessing a deposit, contact us so we can advise who you will qualify with based on where your deposit has come from."

15.01.2022 "Mortgage Myth # 1 There are several variables that influence what a great mortgage is for each person. Though lower rates can reduce repayments, its important to look at all variables to ensure your loan matches your personal goals - and for a lot of people, a loan with a slightly higher rate and far more features can be more attractive that a lower rate and no flexibility."

15.01.2022 "Property investing faqs # 10 Typically, there are 3 main considerations when it comes to investing in property. 1. Capital Growth. Over the long term, property has proven to grow in price at about 9% per annum. 2. Risk. Compared with most other investment classes, property is seen as lower risk and lenders are therefore prepared to lend a higher % against the value of the property 3. Leverage. This is where you can use equity from your home to fund the deposit on a property, and borrow a substantial percentage from which you can still earn a valuable return."

15.01.2022 "Expert insights # 15 Low-doc loans, otherwise known as low-documentation loans, are a loan type available to people using different documentation to that required by a full documentation (full doc) loan. They are most commonly used by self-employed people who may not qualify for a 'full doc' loan, but who are still credit worthy and capable of meeting their repayment obligations."

14.01.2022 "Mortgage Myth # 8 Fixed rate loans provide certainty and peace of mind, though it doesnt necessarily mean it is the most appropriate option for you. Over the long-term, variable rate loans have generally proven to be more affordable, which is why your personal needs must be taken into consideration to determine what lending solutions work better for you."

14.01.2022 "Mortgage Myth # 16 Some lenders are willing to offer loans to people with as little as a 5% deposit. Generally, a smaller deposit could incur other fees and charges such as lender mortgage insurance (LMI), so its important to assess what youre eligible for based on your timing and your affordability."

14.01.2022 "Mortgage Myth # 20 A lender will look at your capacity to repay the loan and the loan term. They may also ask for some additional information to be confident the loan will be repaid. If you would like, we can give you an idea of lenders who you might be able to refinance with."

12.01.2022 "Mortgage Myth # 7 Traditionally, the big 4 lenders have dominated the lending landscape, though almost by the day, consumers are looking to alternate lenders who match their personal borrowing needs. With an extensive lending panel, we are also noticing more and more of our clients are choosing other reputable lenders to borrow from based on personal choice and lending needs."

12.01.2022 "Buying Your Car Tip # 4" Consider buying toward the end of the month as car dealerships are typically trying to exceed sales targets and receive rebates and/or other incentives from the manufacturer. For that reason, occasionally, they will sell cars at a greatly reduced price and sometimes, at no-profit because of the rebate or incentive for reaching their targets.

11.01.2022 "Mortgage Myth # 2 If you have gone direct to a local branch and they declined your application, it doesnt mean you cant qualify. All lenders have their own policies that influence whom they lend money to, which is why its important to find a lender that has an appetite to lend money to you, based on your personal circumstances. With direct access to more than 25 different lenders, contact us to see which lender will work best for you."

10.01.2022 "Mortgage Myth # 14 Like any type of loan, if youre considering to refinance, its important to look at the big picture to see if it makes sense. The bigger the loan and the longer the term, the more you stand to save by having a 0.5% cheaper rate."

10.01.2022 "Property investing faqs # 4 A self-managed super fund loan is when you withdraw money from your super fund to invest in a property. There are a few rules and restrictions around this, so its a good idea to consider getting financial, tax and legal advice before considering this type of loan. If you would like to explore if an SMSF loan will work for you, we can put you in touch with our SMSF specialist."

09.01.2022 "Mortgage Myth # 23 All lending institutions, whether they are banks, building societies or otherwise, must abide by the same consumer credit rules and regulations. We can help you determine the lender or lenders who will provide you a great deal based on your personal situation."

09.01.2022 "Property investing faqs # 6 Just like investment properties, when it comes to investment loans, there are a number of advantages and disadvantages of different loan types - and the correct loan type (and loan structure) will be heavily influenced by what is important to you in terms of your investment goals, your income, current financial situation, and so forth. Our expertise is in helping each client identify a lending solution that is appropriate for them - so if you would like to find out more about know how to get started in investing, or to expand your existing portfolio, send us a message."

08.01.2022 "Budgeting Tip # 7 Stop comparing yourself to others and aim to be the best version of you. By putting your focus into your family instead of other’s, you’ll not only be happier, you’ll almost certainly see your finances improving for the better, and you'll feel better for it."

08.01.2022 "Mortgage Myth # 21 If a self-employed applicant can provide all necessary documentation, they can qualify for the same loans as a PAYG person."

06.01.2022 "Property investing faqs # 2 Yes. Most investors get started by using equity in their home as the deposit on their investment property. Some investors are told to put up their home as collateral to fund the deposit of the new property (known as cross-collateralising), though we feel this is too risky. We prefer to minimise your risk by drawing out some equity and using it as a deposit for the new property so each asset is separately financed. This is where loan structuring and receiving appropriate advice is absolutely critical - so send us a message or call us to help walk you through how this could work for you."

06.01.2022 "Budgeting Tip # 8 Whether it's about setting a goal for your deposit or how much you'll knock off the principal of your loan, having realistic goals you can achieve will be far more rewarding than setting lofty, unrealistic goals, particularly if things feel a little tight every so often. Like many things in life, improving your finances is a journey, and it will take effort and focus for you to move in the direction you want to go."

06.01.2022 "Buying Your Car Tip # 3" If you know the car your want, you can check the websites of local dealerships to gauge what price the car is selling for. Rather than talking to just one dealership, consider speaking to two or three to get a better idea of their best 'drive away' price, which includes stamp duty and shipping costs. Occasionally, some dealerships offer discounts on a particular make and model to clear out stock, so be sure to enquire so you pay less than ‘sticker’ price.

06.01.2022 "Mortgage Myth # 3 There are a number of low interest rate loans that appear online - though sometimes, these lenders put their rates low to attract clients, and then increase them over time as it is difficult to sustain a lower rate ongoing. And, combined with their fees and charges, sometimes low rate options arent actually the cheapest loans. Our panel of lenders can often the online rates with lending products that provide greater service and ongoing support for you."

05.01.2022 "Mortgage Myth # 4 Having a large number of assets can influence your borrowing power, though every lender will always look at your income to determine how effectively you can repay the debt. If you would like a clear picture of your borrowing capacity, get in touch with us now."

05.01.2022 "Expert insights # 18 An estimation of a property’s value before beginning the mortgage approval process. Appraisers, otherwise known as valuers, use a set of criteria to determine the value of a property. The lender generally selects the appraiser or valuer before sanctioning the loan."

05.01.2022 "Property investing faqs # 1 The same types of loans and feature tend to be available for both investors and owner occupiers. These days, some investors will opt for an interest only loan while others go for a principal & interest (P&I). Almost always, owner-occupiers have a P&I loan so they can reduce the amount owing and own their home outright. Also, some lenders may charge slightly higher rates for investment properties, particularly if they there to be higher risks associated with the type of property and or location."

05.01.2022 "Expert insights # 16 Specialist lenders, also known as non-conforming lenders, are lenders that offer mortgages to ‘non-vanilla’ borrowers who struggle to get finance at mainstream banks. That includes people with bad credit, as well as borrowers who are self-employed, in casual employment or are new to Australia. Specialist lenders take a much more flexible approach to assessing mortgage applications than mainstream banks."

04.01.2022 "Mortgage Myth # 13 Though having a great deposit will reduce the amount you need to borrow, you must be able to demonstrate you can repay the loan, which is why the lender will always take your income into consideration."

03.01.2022 "Mortgage Myth # 10 Whether you are a single or couple, lenders will assess your capacity to service the loan. Being single doesnt mean being put at a disadvantage, as you could have lower living expenses compared to a couple with say 3 kids. Lenders use clear criteria to assess eligibility - and we can guide you through how to find a lender that will suit your personal needs."

03.01.2022 Referrals are the best new clients. If you are interested in joining our weekly zoom meeting please email or call.

02.01.2022 "Expert insights # 19 If you've just bought a house and you're having serious doubts about the decision, the cooling off period could be a lifeline. Essentially, the cooling off period is for a private treaty purchase (not auction) made on a property where contracts have been exchange but for which you wish to rescind the contract. The rules regarding cooling off periods can vary between states and territories, so it is advisable to know what applies for the area you are looking to purchase. For more information regarding the cooling off period, contact our office."

02.01.2022 "Property investing faqs # 5 There are a number of factors that will determine the amount you can borrow, including (but not limited to) your current income, the purchase price of the property, whether the goal is to generate maximum capital growth or to live in a later point and so on. These variables will influence the price, type and location of the property and the ongoing holding costs, so its best to chat through your options."

01.01.2022 "Mortgage Myth # 24 Lenders must issue an unconditional approval to be sure they will lend you the money. Pre-approved, or pre-qualified, gives you a strong indication of how much you will be able to borrow, and unconditional approval is where the lender has fully assessed and approved your application."