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Loan-Savvy

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24.01.2022 Placing an offer on your dream home can be an exciting process, especially if you’re a first home buyer. Having a greater understanding of the buying process and what steps you can take to make an offer could help boost your confidence and bargaining power. Once you have determined the amount you would like to offer for a home, then it’s time to put in your bid. But first, here are some steps you may want to consider when making your offer: 1. Request a copy of the section 32... to review. 2. Think about consulting a conveyancer or solicitor before you make an offer, to review your section 32. 3. Work out your conditions of sale. 4. Make the offer depending on the sale type. Some tips when making an offer: - consider loan pre-approval. - have a contingency clause written up. - consider your conditions of sale. #LoanPreApproval #MakingAnOffer #Buy #Property #Finance #Mortgages #Melbourne #FinanceBroker #CarolineSprings #Rockbank #Hillside #Burnside #TaylorsLakes #WeirViews

23.01.2022 Friday #Weekend #Melbourne #LoanSavvy #FinanceBroker #Approvals #Finance #MoneyForLife #HomeLoan #CarLoan

22.01.2022 WOWWW!! That’s almost as low as a home loan! Enquire now...... #CarFinance #LoanSavvy #NewCarFeels #FinancingYourGoals #MoneyForLife

19.01.2022 Bathroom ENVY #BathroomsOfInstagram #RenovationInspo #Build #Buy #Construction #Design #InteriorDesign

18.01.2022 How to buy out a partner on a mortgage Around half of Australian marriages end in divorce and many more de-facto couples separate after buying their family home. So what can you do with your home and investment properties when you go your separate ways?... Can I remove my partner? Yes, you can remove your partner from your home loan. However, you’ll need to be able to qualify for the mortgage on your own. If you qualify then: You can refinance and extend your mortgage to 95% of the property value. You can increase your home loan to pay out a divorce settlement. Your mortgage broker can get you a better interest rate when refinancing. You must meet standard bank policy without your partner’s income. You may have to pay Lenders Mortgage Insurance (LMI) if you borrow more than 80% of the property value. The steps to buying someone out The basic steps are: Get legal advice. You and your partner should agree on a price or payments to be made. Refinance the mortgage (this includes a full valuation). Formally commit to a deal with the help of solicitor and a contract rather than a handshake deal. Settle on the new mortgage. Make an appointment now to discuss this further.

17.01.2022 We know construction Talk to us about a construction loan today! One of our FHBs construction site. In stage 1.... #Construction #HomeLoan #HomeBuilder #Finance #Mortgages #Home #Property #melbourne

16.01.2022 Are you a First Home Buyer? There are many advantages of being a first home buyer; grants, concessions and discounted rates on home loans. Grants and concessions vary per state.... Speak to Loan-Savvy to see what you qualify for. #FirstHomeBuyer #FHOG #PropertyAustralia #Australia #MelbourneMums #Melbourne #Adelaide #Concession #RealEstateAustralia #MoneyForLife #Wednesday #HumpDay #FunFacts #LoanSavvy #Wed #Buy #HomeOwner #CarolineSprings #FirstHomeBuyerGrant See more

16.01.2022 Did you know .... Moving your home loan could save you thousands of dollars over the life time of the loan. It could also: - reduce your monthly repayments - get you better features and products... - get you a cash injection into your bank account, with all the offers out at the moment. And more reasons to move... Speak to Loan-Savvy to have your home loan re evaluated. 0431 275 568 #HomeLoans

14.01.2022 The most common types of trusts used for the purpose of property investment are: > Discretionary Trusts > Family Trusts > Unit Trusts > Hybrid Trusts (Property Investment Trusts or PITs)... > Property Investment Trusts > Self-Managed Superannuation Fund Trusts (SMSF) > Service Trusts (usually a type of discretionary, unit or hybrid trust) Although all of the above trusts can apply for home loans, there are only a few select lenders that will approve them. Generally, hybrid trusts and trusts with company / corporate trustees tend to be more difficult to finance. Many people use a trust to purchase their investment properties because of the asset protection and tax advantages they offer. What do banks look for? When a lender receives a trust application they will carry out a full credit assessment to decide if they should approve the loan. When assessing the loan they tend to look for: The type of trust: Trusts are assessed in many different ways. Some banks prefer discretionary or family trusts while others are happy with hybrid, property investor and self-managed superannuation fund (SMSF) trusts. The trust credit file: The directors and beneficiaries of a trust have credit files but did you know that trustee companies and, in some cases, trusts have a credit file as well? The banks check the file for applications to other banks and for any blemishes. The trust deed: The trust deed confirms who the beneficiaries and the trustee actually are. The deed will be checked to make sure that the trustee has the power to apply for loans for the trust. The loan structure: Many people choose to have the loan in the name of the trustee or director of the trustee company rather than in the name of the trust. In other words, the director of the trustee company is the borrower while the trust is the mortgagor. This is done to take advantage of negative gearing benefits when using a unit or hybrid trust. The beneficiaries: Did you know that some lenders require all adult beneficiaries to be guarantors? Most trusts have two, three or more beneficiaries and these structures can make it difficult to borrow money. We know what the banks look for! See more

11.01.2022 Submitted 8pm last night! Conditionally Approved 11am this morning!

11.01.2022 The important thing to know, before you go house hunting. Speak to Loan-Savvy about your borrowing power and discuss getting a pre-approval. Enquire now 0431 275 568... #PreApproved #BorrowingCapacity #Finance #LoanSavvy #HowMuchCanIBorrow #HowMuchCanIAffordToBorrow #MortgageBroker #Coffee #Question #CarolineSprings #Adelaide #Melbourne #MoneyforLife #HumpDay #HomeLoans #FirstHomeBuyer #MortgageInfo #Melbourne See more

10.01.2022 Buying a home is an exciting time and you’ll quickly learn the steps and processes you’ll need to go through before you pick up the keys and move in. Pre-approval is one of the most important steps you’ll take, so knowing the basics will not only boost your confidence come auction day, but will also make sure you know exactly where you stand with your bank. What are the benefits of pre-approval? If you're looking to purchase a house but you're not sure how much you can sp...end, it's difficult to know where to begin. You might find a property that seems perfect, but have no idea whether it's a realistic option for your budget. If a lender pre-approves you for a loan, they will do so for a specific amount, so you can focus your house hunting on the properties you can afford. Which might mean that you have to forget about that beachside mansion with tennis court and pool, but the whole process will be a lot easier. For example, you may be looking at two different properties: one valued at $550,000 and one valued at $700,000. If you're pre-approved for a home loan of $550,000, the more expensive house may be outside your budget, unless you contribute more of your own funds. Pre-approval can also make you a more attractive buyer to a potential seller, as it indicates that you're serious about purchasing the property and that your offer is less likely to be withdrawn due to a lack of financing. Does pre-approval mean that my loan is guaranteed to be approved? No. While pre-approval means that you're more likely to have a loan approved, it doesn't provide an iron-clad guarantee. The following factors - among others - can affect whether a loan for which you've been pre-approved proceeds to final approval: > Changes to your personal circumstances > Changes to government regulations > A negative valuation of the property > A change in the property's condition #PreApproved #HomeLoan #RealEstate See more

08.01.2022 Kind words Congratulations to these two! We started our discussions around the home loan process just over a week ago. They found their property last week, made an offer and then found out, someone else beat them to the punch, not even a day later they were then told that their offer would be accepted if they put it forward again. ... I submitted their home loan application end of last week and today received approval from the bank. Talk about a quick turn around #HomeBuyer #RealEstate #House #RealEstate

07.01.2022 1. Waiver on stamp duty of up to 50% on residential purchases (newly build & off the plan) of property in Victoria with a dutiable value of up to $1 million can... be applied to contracts entered into on or after 25 November 2020 and before July 2021. Existing home purchases will attract a 25% waiver. 2. Stamp duty concession of 50% would be applied for commercial & industrial properties in regional Victoria may be applied on all property contracts entered into on or after January 2021. Further to assist and attract new investment in build to rent developments & boosting supply in housing, a 50% land tax discount will be available from 2022 land tax year. Get on the new budget! Disclaimer - The state Revenue are yet to release further information regarding requirements. #NewBudget #StampDuty #Discount #Property

05.01.2022 Buying a home will cost you more than what’s written on the property price tag. Generally speaking, you will need to allow 5% of the property’s purchase price to afford the additional buying costs. State and Federal Government costs Loan application costs Purchase costs... Insurance costs #Mortgage #RealEstate #RealEstateAustralia #Investment #Property #MortgageBroker #Home #Entreupenur #Money #HomeLoans #NewHome #Broker #ForSale #FirstHomeBuyer #DreamHome #House #HomeSweetHome #LuxuryRealEstate #OpenHouse #Lending #Motivation #Success See more

02.01.2022 f you’re looking to move houses, you’ve probably heard of the term bridging finance. What is a bridging loan, and how does it work? After months of scouring the real estate market, you’ve finally found the perfect home at a price you’re happy with and want to snap it up before someone else does. But what do you do if you haven’t yet sold the house you already own, which has its own mortgage attached? One option to consider could be a bridging loan. A bridging loan is a spec...ial type of short-term loan designed to cover the purchase price of a second property and give you time to sell your existing property, even if you already have a mortgage. It essentially creates a financial bridge, allowing homeowners to traverse the gap between buying and selling. However, there are many aspects to this type of loan that may need to be considered before signing on the dotted line, such as interest costs and conditions. Speak to Loan-Savvy to find out more about how a bridging loan works! #BridgingLoan #Finance #Mortgages #MoneyForLife #FinanceBroker #HomeLoan #Property #RealEstate #Australia #Melbourne

01.01.2022 Knocking down a property and building a new one can be a cost-effective way to get a home that works for your lifestyle. But how exactly do you finance a knockdown rebuild? The good news is that there are many ways you can fund substantial renovation work, such as a knockdown rebuild. You may also be entitled to government subsidies to help you along. We explore how these forms of finance work and what you need to do to get funding for your own knockdown rebuild project. Buil...ding and construction loans Most people choose to finance a knockdown rebuild using a construction loan. These loans have been specifically designed to provide finance in a way that matches the milestone and payment requirements during the construction process. After all, when a builder constructs your home they won’t usually ask you to pay them all at once. Instead, you’ll need to pay them at various intervals throughout the build. Get in touch with Loan-Savvy to find out how building and construction loans work. #ConstructionLoans #Finance #Mortgages #Building #HomeBuilder #MortgageBroker #Melbourne #MoneyForLife

01.01.2022 We will be open all the main days due to client settlements Closed (24th-26th Dec and 1st of Jan 2021).