WealthCorp Financial Solutions in Point Cook, Victoria | Mortgage brokers

WealthCorp Financial Solutions

Locality: Point Cook, Victoria

Phone: +61 423 094 500

Address: 10/48-56 Tom Roberts Parade, Point Cook 3030 Point Cook, VIC, Australia

Website: http://www.wealthcorpfs.com

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• Property
• Financial service
• Mortgage brokers

25.01.2022 This weeks approvals, in challenging conditions we are still very much providing solutions: 1. Self employed clients that have experienced significant growth over 12 months and needed a lender to fund a purchase of a 12 acre farming zone property resting on 1 year's tax returns with the female applicant being on maternity leave. 80% LVR acheived after lots of challenges. Client's are over the moon as they have sold their existing property and didn't think the purchase of a fa...rming zoned property would be feasible. 2. Duplex unit development purchase for our repeat investor clients approved in 4 business days. 3. Clients relocated from New Zealand, currently renting, purchasing a home on the upper end of their budget, with mortgage insurance and short term employment formally approved with a valuation within 5 business days, including some push back from credit. **** NOT all deals are easy deals, prep work is key. #financemadeeasy #ALWAYSprovidingSOLUTIONS

23.01.2022 Construction loans come with a set of their own challenges. In the last week we have had 4 construction deals approved and they all presented separate hurdles. WHAT TO LOOK OUT FOR:... - Different valuers can value the same property differently. We obtain multiple valuations in order to present the best possible solution. Minimising the shortfall or avoiding it, so the client is not out of pocket. This can in fact kill the deal and create a massive losses to the client. - Purchasing from developers, in new estates where there are rebates involved, valuers will take that rebate off the purchase price. If the developer is offering rebates to sell land, it is generally to entice the buyer and these lots may be inflated in price to begin with. - Split contracts. Certain developments sell land and build as a package, but only 1 builder is assigned to build the project. These are generally small lots with a townhouse type build. Attached walls, common property or very small gaps between adjoining properties which create risk for the bank, especially if only 1 builder is assigned to build the project. - Have a buffer to cover driveways, fencing, heating/cooling etc, that is not part of the build contract. #FinanceMadeEasy #ProvidingSolutions #ConstructionSpecialists

23.01.2022 How hard is your broker working for your deal to get approved? A NO from a bank is not always a NO. Our submissions are mainly policy driven, so we always do our due diligence prior to lodging an application. We sent 25 emails to an assessor working abroad, late at night to explain how our deal passes servicing, followed by Saturday phone call to help the assessor understand the deal further. Self employed client, multiple income streams, multiple properties.... We structured our deal using the easiest verifiable income via tax returns, mitigated the strength of the deal and will be receiving a formal approval on Monday. Looking forward to seeing the finished renos. #financemadeeasy #ALWAYSprovidingSOLUTIONS See more

22.01.2022 Saturdays are lawn days Looking after the greenery the same way we look after our clients. With care. OldTrafford #financemadeeasy #saturdaytherapy

19.01.2022 Saturday reflection. We knocked back a $2mil construction deal due to the fact client has shopped the deal around, was missinformed, and others set an unrealistic expectation on rate, fees, structure etc. If we take a deal on, we make sure the right information is given and we execute the plan as discussed. In this instance the client was too concerned about rate than actually doing the project and we are not in business to be used to shop the deal around. We are also not afr...aid to say NO to clients that have unrealistic expectations. In most cases these clients come back as they find out the hard way, after months of false promises that it is not about the rate but instead a solution for their circumstances. DON'T BE AFRAID TO SAY NO, VALUE YOUR TIME, SOME PEOPLE CANNOT BE HELPED AS THEY DO NOT WANT YOUR HELP. #nosolutionprovided #dodgedatimewaster See more

18.01.2022 Saturday vibes. - It is not unusual for other bank staff to come to a broker. This goes to show that bank staff have confidence and trust in brokers as well as seeing the real value in using our expertise. This week we approved a re structure of an existing property to pay out the other party. We set up a better facility that the client could get through their own bank. The property has development scope and now the client can explore that, knowing they have a facility that ...works well for them - Existing self-employed client from Adelaide experiencing substantial growth wasn't sure if he could purchase land and build. After a couple of days of planning client was able to sign the contract and we obtained approval in 4 business days. Now ready for construction. We are also looking at replicating the process to purchase another property - Existing clients needing to finance a new purchase for land and build a new home for their growing family. We were able to free up equity from existing property in order to have funds to complete the purchase. Once that was approved we are now structuring the purchase and simultaneously preparing for construction #WeMakeConstructionFinanceEasy #ProvidingThemSolutions #ConstructionFinanceDoneRight

18.01.2022 Getting a good broker on your side is paramount and is the difference between making or breaking your dream. - Our QLD client looking at a possibility of purchasing an investment property. Quickly we were able to determine the equity position, serviceability and a plan to execute. Existing loan restructured and equity released with the existing bank as well as purchase application lodged. Existing loan drawn down, equity loan released, and purchase pending settlement. - Clien...t that was told "NO you will not be able to purchase unless you use a guarantor or come up with a substantial deposit". Well we planned, we pre approved and we committed to a purchase that is now also pending settlement. 95% LVR for a self employed client, no guarantor and no longer having to pay rent. - Selling and purchasing can be daunting on its own, let alone having to purchase and sell at the same time. Our repeat client was able to execute the plan, and now we await a simultaneous settlement. Looking forward to seeing the knockdown and rebuild. - An existing self employed client we have been working with for some time, constantly reevaluating their situation were finally able to purchase their next home. Taking them 9 months, and in the ever changing environment we were still able to execute.

18.01.2022 We have bit a bit quiet last couple of weeks on social media. Amongst helping our clients settle on their purchases as well as construction deals we have made inexcess of 200 calls in the last few days to our existing clients seeing where and how we can help. Re pricing their existing loans and looking at ways to reduce their outgoings in this turmoil. Like anything this shall pass. So if we haven't gotten around to you we are getting there, or feel free to reach out. Stay safe. #stillprovidingsolutions

18.01.2022 Nothing more satisfying than saving client's their deposit and finding a solution. Client went to their existing bank and was told he was "formally approved" when in actual fact he wasn't. The purchase contract became unconditional. In the mean time the vendors committed to a purchase unconditionally thinking their sale was finalised. They paid a 90k deposit. This was an absolute mess of a situation that had massive ramifications on all parties involved and the damages would... be in the 100's of thousands. After working with the client for a couple of weeks trying to make servicing work, endless hours spent on prep work we finally found a lender that we felt comfortable with. Lodged an application and within 5 business days formally approved. Documents signed and returned and now ready for settlement. #ALWAYSprovidingSOLUTIONS #financemadeeasy #prepworkiskey #brokersworkforyou See more

15.01.2022 Why can an off the plan purchase create issues for borrowers? - Generally speaking the purchaser has committed to a purchase months prior to completion of the project. In a changing market this can cause valuation shortfalls, especially if the purchaser committed at the peak of the market and the valuation being conducted months later where the market is taking a tumble. In this particular project we were able to order multiple valuations and a local valuer understood the act...ivity in the area and was able to value the subject property at purchase price. NO shortfalls for the client. - We often speak with these purchasers prior to committing to the purchase and it is paramount to prepare these clients for what's ahead. - Continue saving right up until settlement. Mirror your savings pattern as though you are preparing for the purchase even though you have already committed to a purchase. This will in hindsight reduce your borrowings, reduce or avoid mortgage insurance premiums and over all make the repayments lower, as well as bridge the gap for any valuation shortfalls should it arise. #ALWAYSprovidingSOLUTIONS #FinanceMadeEasy

12.01.2022 Sunday approvals Having unusual circumstances doesn't mean you will not be approved for finance, simply means, strategic planning and prep work are massively important. These clients purchased their new home without having sold theirs. Initial plan was a bridging facility which was initially approved. With our advice and willing clients we were able to renegotiate their settlement date so there is no need for a bridging facility. A simultaneous settlement means no extra cos...ts to the client and no need to move multiple times, especially with young kids. We also had to deal with the female applicant being on maternity leave, so choosing a bank that would facilitate this was also important. A simple re structure of our initial plan and we have a formal approval Now to enjoy the long weekend. #UpwardsandOnwards #solutionsprovided #financemadeeasy See more

11.01.2022 A restructure is as good as a holiday we say 2 years ago we facilitated a number of loans for our client with 5 properties purchasing their 6th. The existing lender refused to extend the interest only loan we facilitated. No issue for Firstmac. Our trusted lender for investors and dual occupancy construction funding came through within 5 business days for our self employed clients with multiple properties. We were even able to release one of the securities to minimise our c...lient's risk. 2 new facilities approved Interest only period for 5 years and a rate of 3.14% which is the icing on the Rental income accross 5 investment properties now comfortably covering proposed repayments, owner occupied property released and now ready for a new purchase. #AnotherSolutionProvided #InvestorFinanceSpecialists #FirstmacDeliversAgain #FinanceMadeEasy See more

08.01.2022 We love work shopping our clients proposals and making deals come to life. Is a purchase possible? Can i afford it? Do i have the right amount of deposit? Which bank do we go to and why? Do all banks provide the same product, rate, servicing capacity? These are some of the questions we went through with our client. We worked through the maze of different banks offering different level of borrowing capacity, decided on the bank, submitted the application, yes we had to wait longer than usual due to that banks turn around times and the need to go to credit for approval, but this morning we were able to obtain formal approval on this beauty and let our clients know the good news. #financemadeeasy #stillprovidingsolutions #brokersarebetter

07.01.2022 Just financed. 1. Our existing client wanted to purchase another investment property. Didn't know if it was doable. So we set a plan in place by re structuring the existing investment loan in order to prepare for the purchase. Servicing was tight, so we knew we had to use a lender that had a favourable servicing policy. Fortunately for our client we have a broad range of lenders on our panel that cater for different circumstances . Refinance and purchase approved within 4 bu...siness days with valuations completed. 2. This client came to us around Christmas time, and was surprised that we even answered their enquiry. We set a plan in place to purchase next home, did a pre approval, client was ready, found property, signed contract and now formally approved, within 48 hours. Looking forward to seeing the renovations completed. PLAN, EXECUTE, DELIVER. #FINANCEMADEEASY #SOLUTIONSPROVIDED

06.01.2022 In these difficult times with escalated turn around times and extra requirements needed to satisfy the banks it is more important than ever to use a broker that can successfully mitigate your circumstances to the bank. Self employed applicants, limited banks to deal with, sensitive vendors as sale fell over previously, today with the help of our BDM Caresse Wake, (who is probably sick of me by now, and who is always there to help day in and day out) we managed to obtain formal approval. #stillprovidingsolutions #financemadeeasy #fightforyourright #happyclients