Investment Loan, Property Investment, Build Wealth, Mortgage Broker, Mortgage Lending

No. We do not charge clients a brokerage or application fee. Our service and advice to you is free of charge.

We get paid by the lenders with whom we lodge a client's loan. Typically, this equates to approximately 0.6-0.7% as "upfront commission", followed by a "trailing commission" equal to 0.15-0.2% of the remaining balance throughout the life of the loan.

1. We are accredited with the majority of lenders in Australia, and they all pay us a similar rate of commission. So our advice is truly independent.
2. Our commission does not affect the rate the client pays on the loan.
3. We do not receive any payments from real estate agents or developers. We specialise in property investment loans, but we do not attempt to influence your investment decisions.

1. A loan application fee: in most cases, $615.
2. Monthly Fees: Nil.

Compare this to the major banks:

1. Application fee: $600 -$700 (depending on the facility)
2. Monthly Fees: $8-$10. (That's $2,800 - $3,600 over a 30 year loan period...)

We think you'll agree: we're pretty competitive.

We always aim to be marginally lower than the standard variable rate in the market.

It stands for Debt Service Ratio, and is used by the lenders to determine your ability to service a loan.

This is a calculation that lenders use to test the affordability of loans. It is based on your net surplus compared to your level of outgoings.

This is a one-off fee charged by the lender to protect them against loss: you may be the one paying the fee, but it is the lender that is protected! It is generally charged when the LVR is above 80%. The cover pays the difference between the funds received by the lender if your property is sold and the total amount of your loan.

This stands for Loan to Valuation Ration. It is calculated by dividing the loan amount sought by the total valuation for the security property. This determines the level of risk the bank is taking in making the loan (and therefore whether mortgage insurance is payable).

Cross collaterisation means that a lender may take a mortgage over your investment property but then further secure it against your principle place of residence or some other property that they have financed.

Simply to measure your current borrowing capacity.

No.

This is simply your cash flow that you generate to service your loan.

This will depend on where your income comes from but generally in your own name or wherever else you can generate income. If you have a complicated structure for generating income, it may be worth referring to your accountant.

It is advisable to always obtain a separate equity loan when raising a deposit for an investment property purchase. Redraw facilities should only be used on your own home for personal expenditure and not for investment. At tax time it makes life much easier for your accountant to decipher what is personal and what is for investment if you get a separate equity loan each time.