Loans and Finance
Doing your necessary due diligence is one part of the home buying journey, but finding the money to fund it is another road altogether.
Once you’ve used Property IQ to familarise yourself with the current market and you’re ready to buy, you’ll most likely need a mortgage or home loan to help you out with the purchase of your home. Fortunately, Premium Mortgage Group has been in the business of assisting with mortgage loans for over 15 years.
Our industry qualified and experienced team is ready to help you secure financing for your home, no matter what kind of borrower you happen to be. Best of all, we’re empowered to legally act for you, so you won’t have to go through the hassle of dealing directly with the bank.
First time taking out a home loan?
Every Australian dreams of becoming a property owner at some point in their life. Entering the real estate market can be a complicated and daunting task at any time, however, and doubly so if this happens to be your maiden voyage in the realm of property. Before you can make that dream a reality, you’ve got to answer numerous questions: What’s involved in the process? How much can I borrow? What type of home loan should I get?
Thankfully, you don’t have to go it alone. Speaking with an experienced mortgage broker can fill you in on all of the ins and outs you might not be aware of, as well as save you the precious time and difficulty involved in looking for the right mortgage lender.
You can also find out your borrowing power and even get information on the property you’re thinking about buying. After all, you’ll want to make sure that the home you’re eyeing up is suitable for you. Finally, making use of a mortgage repayment calculator can help you figure out how much you can expect to pay on your repayments, and whether you can afford it.
Are you ready to upgrade?
Let’s say you’ve already been around the block and secured a slice of Australian real estate for yourself. You’ve been settled in for a while now and you’re enjoying your newfound domestic bliss. What could motivate you to see a mortgage broker about refinancing your home loan?
Perhaps you’re hoping to take out another, lower rate home loan, switch from a variable rate to a fixed rate at an advantageous time or maybe even reduce your repayments. You might even be planning on an expensive renovation project. Whatever the case, an experienced mortgage specialist can give you the clarity and information you need to proceed.
Since taking out your previous home loan, your credit rating could be sporting a few lumps, and there’s a good chance your borrowing capacity is not the same as it was. By using a borrowing power calculator, you can find out what exactly your lending limit will be before you make any commitments or extensive plans. A mortgage specialist can also help you figure out if refinancing is the right option for you.
Looking to invest?
Another instance in which you might seek finance is to invest in real estate. From first time investors to those with an already-impressive property portfolio, having a chat with an experienced mortgage specialist can be valuable. You can find out about the common pitfalls and mistakes involved in investing, how to grow your property’s value and choose from a plethora of different investment strategies.
One common finance strategy, for example, is using the equity from the home you currently own to purchase an investment property. Once your new investment’s value has grown sufficiently over the next, say, 10 years, you can sell it and use the sale proceeds to pay off the loan entirely!
Premium Mortgage Group doesn’t solely deal in home loans either. No matter if you’re after a vehicle loan, business and commercial lending or an equipment loan, we have you covered.