Solution Funding in Kurrajong, New South Wales | Mortgage brokers

Solution Funding

Locality: Kurrajong, New South Wales

Phone: +61 1300 881 228

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• Mortgage brokers

25.01.2022 Saving for a home? If you haven’t met with a mortgage broker yet, it may cost you. Here’s why. When saving a deposit to buy a home, many people have a goal amount in mind that they need to save before they meet with a broker who will help them secure the finance. A mortgage broker’s knowledge of the loan and property market will help you work out how much you will be able to borrow, which determines the size of the deposit you will need to save. They will also be able to help... you develop processes and a realistic timeline to save your deposit faster, and provide creative solutions that will help reach your goals sooner. More importantly than just being allowed to provide these products, at Solution Funding we can help you work out whether they suit your situation and goals. So contact us now and we can help you take the first steps to owning your home. See more

25.01.2022 If you’re looking for a creative way to overcome being locked out of the property market by rising prices, buying a house with a group of friends may be a solution. It’s essential you have all been upfront from the start about what you want to achieve by purchasing property together, as well as your personal expectations about timelines for purchasing the property, paying it off and selling it & all of this must be documented in a co-ownership agreement. The big question wil...l be what structure your ownership takes. There are two options: joint tenants and tenants in common. Joint tenancy is the most common ownership structure in Australia, as it is how most family homes would be owned. However, because friends are less likely to share assets and long-term debts than a couple, and less likely to will their assets to each other, the ‘tenants in common’ model would usually be more suitable for this situation. There are many more considerations when buying property jointly, so call Solution Funding now to make sure you’re doing it the right way. See more

24.01.2022 Three things you need to ask your partner before you apply for a home loan together! Before you apply for a home loan with your partner, there are a few discussions that you need to have that go a little beyond what you may know already. Have they defaulted on any payments?... You maybe debt free now, but has this always been the case? One bad mark on a credit file, such as a late car payment or a default on a credit card, will change the approach you need to take when applying for finance. That savings balance, where has it come from? If your partner has savings towards a deposit, that’s fantastic. But the balance is only one part of the equation that lenders consider. If we did get into trouble, how would you want to handle it? You must plan for every eventuality, even one you think is not likely. Before you start looking for a home to share with the love of your life, an appointment with Solution Funding can help you iron out the details and secure the finance that suits both of you.

24.01.2022 Major banks slash fixed rates! CBA, Westpac and NAB have all slashed their 5 year fixed rate to 4.99%. NAB has lowered the interest rates for its Choice package on its 3 year term to 4.94%, its 4 year term to 4.99% and its 5 year term to 4.99%. This is in response to the increased demand for fixed rate home loans in the past 12 months.Many customers are looking for certainty with their home loan repayments & it also allows customers to plan for the future as they look to own their home sooner with the help of a mortgage broker, and this is one way that we can help you do that. Contact us now at Solution Funding to secure these great rates.

22.01.2022 Solution Funding would like to thank all of our clients for their support in 2014 and wish you all a merry christmas and happy new year!

21.01.2022 December 2014 was a record month for settlements for Solution Funding, thanks to competitive lenders on the market offering low interest rates. These rates drew in not only new home loans but also people looking to refinance. Thank you to both new and current clients for enlisting us to secure your finance needs.

20.01.2022 When you’re desperately trying to save up a deposit for a home & just see the prices of property climbing & climbing, it’s difficult to remain patient. But there is another way: a guarantor can help. If you don’t have a substantial deposit for a home loan, there are still a number of ways to obtain credit. These are known as family pledges and there are two types available to borrowers: service guarantees and security guarantees. Service guarantees are less common that securi...ty guarantees, they involve a family member guaranteeing all of the repayments on a loan, as well as being named on the property title. A drawback of this approach is that it usually means first home buyers are not entitled to any government grants. A more popular option is a security guarantee. Borrowers who have a limited deposit often use this approach. In this situation, a relative or friend (usually a borrower’s parent or parents) is prepared to use the equity in his or her own home to guarantee the deposit of the borrower. This is a very popular way of first home buyers entering the property market, it works well when borrowers don’t have a substantial deposit, but their parents own their own home. It’s a great option as long as the parents are comfortable with their child’s ability to pay back the loan. To find a solution that will help you own your own home sooner, contact us on 1300 881 228 See more

18.01.2022 Wondering why your broker is contacting you 6 months after you’ve settled on your property? The simple answer is that a broker is with you for life. They know it’s a good idea to keep in touch every 6 to 12 months. After all, you should be reviewing your current loan every year and your broker can let you know how you’re tracking along. Building a long-term relationship with your broker is a good idea as they will know the ins and outs of your circumstances & what you want fo...r your future. Your broker will also stay on top of your account and, with expert industry knowledge, keep his or her ear to the ground for any new products or better interest rates that would benefit you. Otherwise, you may want to refinance to a better a deal or consolidate your debts. You may also want to access the equity that you have accumulated in your home for a renovation, an investment or a holiday, all of which your broker can help you with. ptions to get you started. See more

16.01.2022 Finance despite a bad credit rating! Sometimes an individual is left with a bad credit rating after the breakdown of a relationship & can be rejected by lenders because of it. But that need not be the end of the story. Don’t spend months trying to get approval for a loan by going directly to lenders. At Solution Funding, knowing which lender to apply to and what evidence is needed to show that a bad credit rating isn’t necessarily your fault; we are able to negotiate with a lender and get the loan approved. Either it be for your new purchase of a home, car or consolidating your debts you may be able to achieve your goal so contact us now on 1300 881 228.

16.01.2022 We have refreshed our logo and branding and updated our website. We how have our own iPHone app. Let me know what you think.

11.01.2022 Are you aware we can assist in finance for the below? - Refinancing - Residential Property Purchase - Commerical Property Purchase - Purchase Property through Self Managed Super Fund... - Deposit Bonds - Business Finance - Motor Vehicle (business or personal) - Equipment Purchase Contact us at any time to discuss on 1300 881 228

10.01.2022 Steps in buying an investment property Step 1: Speak to an MFAA Approved Mortgage Broker When considering an investment property, your first port of call should be your broker. An MFAA Approved Broker can help you achieve your investment property goals. They will review your assets & liabilities to determine how much you can borrow, which will in turn give you a general idea of your target price range, so you can narrow your property search within your purchase budget.... Step 2: Budgeting Just like buying your first home, when purchasing an investment property it’s essential to budget. If you’re unsure of the best way to budget for an investment property, speak with your MFAA Approved Broker, they can help you to get on the right path. Step 3: Important conversations Your MFAA Approved Broker will discuss your plans & your circumstances with you to determine what you can afford. Your broker will also provide statutory documentation to initiate the lending process and work out for you what loan products will be appropriate in your circumstances. This is just an abridged guide to help you get started. For more information, contact us at Solution Funding.

09.01.2022 When was your last home loan health check? Circumstances can change, leaving your home loan less suitable than it was originally. A home loan health check can reveal if you’re paying too much. Your Broker can do a full home loan health check for you either in person or over the phone. They will check if your loan is still competitive & still suited to your individual needs. A home-loan health check will generally cost you nothing & could save you thousands. Your home loan fea...tures could be improved or you could find yourself with a lower interest rate. A better payment structure could also be introduced, making your repayments more manageable.Checking the state of your current loan could uncover the possibility of taking out additional finance, which can consolidate any other debt you may have or help you purchase an investment property.Contact us now on 1300 881 228. See more

05.01.2022 Dont have the 10% deposit to exchange? What do you do? Most vendors require property purchasers to pay a deposit ahead of settlement . If a purchaser doesn’t have that money to hand immediately, but will at settlement, a deposit bond can be used in lieu of cash. A deposit bond is not a form of insurance for either the vendor or purchaser. If a purchaser who has used a deposit bond decides for any reason not to go ahead with settlement, the deposit can be claimed by the vend...or, & the bond value will still be payable to the bond provider by the purchaser. Deposit bonds can be used for residential, investment and commercial property purchases, & can be combined with other deposit types, so a deposit could be made up of bond, cash and loan money. Contact Solution Funding who can help you work out whether a deposit bond is the best way for you. See more

02.01.2022 With more and more of my clients now using an iPhone, I’m really pleased to let you know I now have my own broker app that I would love you to download to your phone. The app has a host of tools and info at your fingertips. Staying in touch with me,finding out how much you could be saving on your loan, or if perhaps you’re thinking about a renovation or investment property the app can help give you an idea of how much you may be able to borrow. And if you know someone who may... be needing help with their finance, you can share my app via email or a QR code. Having a mortgage broker go into bat for you with your finance is the smart way to ensure you’re in the right finance solution and you’re two steps ahead. Step 1 - download the app from iTunes Step 2 - once downloaded open your iPhone and scan the QR code here http://www.solutionfunding.com.au/images/QR%20Code.jpg Staying in touch has now got smarter too https://itunes.apple.com/au/app/myafgbroker/id554555566?mt=8

02.01.2022 What to do when your loan is declined? If you don’t receive approval don’t give up. Speak to Solution Funding and keep your dream alive. If you approached a lender directly to gain approval for finance then to find out weeks later it was declined, don’t give up. It’s time to call a mortgage broker. With a deep understanding of the financier’s polices, a broker is able to present everything that is needed with the initial application to get the loan across the line by introducing a number of financial lenders that are suited to your current financial situation.. So don’t let your dream come crashing down contact us now to discuss further on 1300 881 228.

01.01.2022 Brokers can help connect you to the lender best suited to serve your mortgage needs by shopping around on your behalf.In order to decide whether or not to provide you with a loan, lenders will generally assess you against five qualities. 1. Your ability to repay the loan. 2. How much cash you have up front. 3. The property valuation. 4. Your financial history. Your credit rating, ... 5. Market conditions. Mortgage Brokers are paid commissions by lenders to match borrowers to the right products, & can negotiate a very competitive rate on your behalf, which is why half of borrowers today turn to brokers when it comes to finding a home loan. So call and speak to Julie on 1300 881 228. See more