First Home Owners
Purchasing your first home can be both a daunting and exciting experience and it makes sense that you have a thousand questions to ask. From knowing how much you need to save, to signing on the dotted line, we are here to walk you through the process, holding your hand every step of the way.
Self-employed
Don’t be punished for being your own boss. Structure your loans correctly and get the most out of them. Dealing with newly self-employed clients to complex structures, we find a solution that fits, giving you the confidence to achieve your goals.
Home
Buying a new home? Figuring out what your borrowing power is? Speak with us to find out how to structure your finances correctly and get the loan that suits your situation.
Investment
Purchasing property can be a solid investment, though it does come with its complexities. When equipped with the right knowledge and support, an investment property, or even better, a portfolio of investments, can be immensely profitable. Here, we give you the information you need to make a wise investment that will help to set you up for the future.
Refinance
The motivation to refinance is different for everyone. You may be looking to fund another investment, you may require a more appropriate rate, your situation may be changing requiring a restructure of finances. Whatever the reason, there are a lot of factors to consider before you make a change.
Deposit Bond
A Deposit Bond is a fast, easy and low-cost substitute to a cash deposit when buying property. It is supplied for all or part of the deposit amount, from 1% up to 10% of the purchase price. A Deposit Bond can assist when:
- You have funds that are tied up in existing property or other investments
- You have sold your existing property and are still waiting for the funds to be made available
- Investing and looking to keep your money working harder for you in other investments
Business
Establishing and running a business can be a costly undertaking, but thankfully, funding can be attained to help ease the pressure. We can help to get you set up and running smoothly, leaving you with more time to focus on what’s important — growing your business.
Construction
Thinking of building your dream home? Want to build townhouses or a duplex to grow your investment? Looking to construct units? Speak to someone who will guide you through this process, making things simple and easy. Contact us today.
Equipment
Financing for new or used car purchases is available along with any new equipment purchases for business use. Items purchased from a Private Vendor, for Consumer or Commercial purposes, a Refinance of a Residual or Balloon Payment, a Rewrite of an existing Loan, Vintage, Classic, Unique, Muscle, Restored and Imported vehicles can all be considered. Find out if you fit the criteria and speak with one of our brokers.
Who we can help
Get into your first home quicker
- Non-genuine savings options
- Guarantor
- Great interest rates
- Hand-holding experience
Self-employed
- 6 Month ABN
- ATO debt
- Cash out for business use
- Lo-doc
Residential
- Owner-occupied
- Investment property
- Restructuring finances
- Refinance/Cash out
Commercial
- Business
- Commercial property
- Development
Construction
- New home
- Duplex
- Town house
- Units
Equipment
- New car
- Used car
- Business equipment
Frequently Asked Questions
Can you secure a loan without a deposit?
If you don’t have a 20 per cent deposit, you will generally be required to pay for lenders mortgage insurance (LMI). Lenders mortgage insurance provides protection to the lending institution in the event that you default on your home loan. It is a one-off charge that gets included in your loan amount or is required to be paid upfront.
A guarantor can also volunteer their home equity as security for your loan. In the event that you default on your loan, your guarantor would wear the responsibility of paying off the loan.
What is stamp duty?
Stamp duty is charged by state governments in Australia on transactions relating to the transfer of land or property. It is paid upfront and needs to be budgeted for in addition to your loan deposit. The amount and calculation of stamp duty that you are required to pay differs from state to state.
Will refinancing save me money?
The most common reason consumers choose to refinance is to gain a better interest rate. However, be sure to account for all the fees involved in moving your loan. This will allow you to see if you are saving enough to make the process worthwhile.
What are the fees involved in switching mortgages?
Exit fees were abolished in Australia in July 2011, although, fixed agreements made prior to this date may still incur an exit fee. Additional fees to take into consideration may include, but are not limited to, valuation, settlement, discharge and establishment fees, as well as paying the non-transferable lenders mortgage insurance (LMI) again if you are borrowing more than 80 percent.
What are the benefits of refinancing?
Refinancing can allow you to access your available equity to assist in covering major costs such as school fees or a family holiday. It can also allow you to renovate your property which can add value to it.
What’s the difference between an investment loan and a home loan?
Dissimilar to a home loan, the costs associated with an investment loan are tax deductible (e.g. interest, repairs, rates, depreciation, etc). However, be aware that any rental income earned will generally increase your taxable income. An additional key difference is that any appreciation in the value of the investment property (capital gains) is taxed.
What are the additional costs when purchasing an investment property?
In addition to the cost of your deposit, you need to account for other expenses such as building inspections, stamp duty, conveyancing fees and any other legal costs.
What types of loans exist for commercial finance?
A wide range of commercial loans are available. These comprise of, but are not limited to, short-term and long-term debt-financed loans, non-bank options and loans made available with commercial equipment or other assets held as security.
What can I use as security for my business loan?
Both commercial and residential property can be used as security for a business loan.
Why would I lease my company cars?
There are numerous small business owners which select to lease their company vehicles as opposed to purchasing them as it frees up their cash flow. There are many ways to finance a motor vehicle purchase which include a car lease, chattel mortgage finance or hire purchase, operating car lease and novated lease.
What role does a Thank You Finance Broker fulfil?
We act as a liaison between yourself and the lender and based on the knowledge of your unique circumstances, we will source the most appropriate loan options for you. When it comes to submitting a loan application, Thank You Finance will do the legwork for you and ensure your loan is processed as quickly and efficiently as possible.
