Choosing the
right home loan is..
just as crucial as selecting the ideal home!
We at Financehelp 360, recognize that this is one of the most significant financial choices you will ever make.
But don’t worry, we’re here to assist you to locate the best loan option to fulfill your objectives and dreams to become a proud homeowner.
Undertanding HOME LOANS
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How Much You Can BORROW?
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Find The Right HOME LOAN
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We are here to help you find the right loan that provides a balance of features and flexibility, whilst being as cost-effective as possible.
We at Finance Help 360 recognize that buying a house is one of your biggest financial decisions , and not simply a dream. It could be both very exciting and extremely worrisome. To make the journey enjoyable and memorable, we ride together, shaking hands at each halt. We spend some time discussing options that are suitable for your circumstance. It could be a variable or fixed rate, redraw facility, basic house mortgage, introduction home loan, or a combination of these.
The process of buying your first house might be stressful, but Financehelp 360 makes it simple. When you employ our services, you won’t face any high pressure sales tactics because we are open and honest. Instead, you’ll receive a smooth, quality service that is friendly throughout. In contrast to certain other banks or lenders, we use a marketing has created based on your specific circumstances. When buying your first house, there are a few factors you should be aware about.
How much can you borrow? – It’s essential that you understand how much you can borrow before beginning your search for the perfect home. This changes depending on your income and living costs. The value can be calculated by our buyer’s credit to aid you in determining how so much financing you can afford. We don’t just give you numbers; we can also establish Pre-Approval so you may acquire with assurance.
01. First Home Buyer
It might be frightening to initially enter the property market. However, it doesn’t have to be that way, and the encounter will be much less uncomfortable and even exhilarating if you have a companion who can guide you through it. You will be happy and fully assisted with FinanceHelp 360.
02. What’s Loan to Value Ratio.
The LVR is the portion of the purchase price of a property that a lender will allow you to borrow, and as a result, the investment you will be asked to put down. We can help you calculate your LVR and the total deposit required to get a loan for your investment property.
03. Commercial Loans
If you need to use the money for business purposes, you can apply for a business loan. You could want to create a new company and need cash to do it. It’s conceivable that you have already run a business, but you need more flow of money or want to purchase materials.
What is the actual cost of your mortgage?
Although comparing loans based on interest rates is a fine place to start, it’s crucial to also take into account all of the fees and costs associated with each Home Loan choice.
Application and establishment fees up front, as well as ongoing monthly or yearly fees, can significantly affect how much your home loan will ultimately cost. Some individuals use the comparison rate of a home loan to evaluate loan products, but it’s crucial to remember that since this is how comparison rates are calculated, you can only use them if you want to borrow $150,000 during a 25-year loan period.
Your Rise High Mortgage Broker will investigate the thousands of Home Loan options available through our extensive panel of lenders, creating a thorough and straightforward comparison table to present you with the 5–6 best loan options that will support your goals. This will help you compare apples to apples and result in a much more accurate comparison for your specific loan amount and loan term.
Interest on your mortgage.
Interest rates might fluctuate a lot! Hence, selecting the best form of house loan might be difficult. Our experts will guide you in taking the following factors into account as you look for the best loan package for your needs:
There are benefits and drawbacks to choosing a fixed, variable, or split loan, as well as Principle & Interest (P&I) loans and Interest Only (IO) loans.
You may rely on us to support you at all times so that you can easily navigate these features and many more. To renegotiate your interest rates and keep the banks honest, Rising High routinely conducts annual home loan reviews. In the end, our goal is to simplify the complex so you can get the most value for your money.
When applying for a mortgage, it’s simple to ignore the extras, but they could end up saving you a lot of money over the course of the loan!
Consider advantages like free redraw, offset accounts, direct salary crediting, and early repayment alternatives when choosing a loan. While some lenders offer things for free, others charge extra for them. Knowing what characteristics you require can help you find a lender who can provide them to you affordably. We are always available to assist and direct you through this process.
In order to identify the aspects of the home loan that would be advantageous to you, we will consider issues like:
- Which type of money management do you prefer? Do you like to have many bank accounts designated for various purposes, or do you simply funnel all of your income and expenses via one account?
- Do you prefer using online banking and/or a banking app over having access to a physical bank branch?
- Would you prefer the flexibility to pay back the loan early at any time?
- Would you prefer the option of making a penalty-free early home loan repayment?
- Do you prefer weekly or biweekly payment alternatives over monthly loan repayments?
- Are there any lender purchase cashbacks or other special deals available when purchasing a home?
Find the right home loan for your needs!
One of the expensive errors you can prevent is jumping into the first mortgage that will meet your immediate financial needs without taking into account the loan’s structure.
You may locate the optimal lender, product, and home loan structure for your needs by taking a moment to think about your ideal future and some of your long-term goals and objectives with your own FinanceHelp 360.
In order to choose the best structure for your loan, we will consider issues like:
- How long do you anticipate staying in your house? For instance, is it your everlasting home or just a bridging that you intend to upgrade in the future?
- Will you most likely choose to sell your current home or keep it as an investment when you do decide to upgrade
- Should you make payments for interest and principal on your mortgage or just interest only instalments?
- Should the interest rate on your mortgage be variable or fixed
- Do you need to think about a split home loan?
- Will the borrowers of your house loan follow your ideal home ownership structure exactly or will they depart slightly?