There is nothing quite like shopping for a new home or investment property. Having a pre-approval in place allows you to search for properties, confident you are within your budget and free to negotiate.
With the loan market constantly changing, it is wise to review your circumstance at least every 3 years. Gr8Numb3rs compares all the costs of a new mortgage to ensure there is a net benefit.
Changes to Which is better, redraw or offset?…. An offset account is a transaction account that is linked to your home loan and has normal transaction account functionality.
A redraw facility is a feature that enables you to withdraw money you have already contributed to pay off your loan.
Gr8Numb3rs provides you the full details of costs associated with each option.
There are many good reasons for investing in property.
Here are a few of them:
Be prepared, arrange pest and building inspections and get your mortgage sorted well before the day of Auction. Set your budget and stick to it
At Gr8Numb3rs we provide free property reports detailing the history on the property selected along with sales analysis within the area.
Please call us to request a report.
Research the property and the area. Visit the property more than once at different times prior to making an offer and don’t forget to arrange a building and pest inspection.
If you would like a free property report please contact us.
Don’t get emotionally attached. Analyse the numbers and ensure they are realistic and affordable. It’s worth investigating land lord insurance to protect your investment.
Obtain professional financial advice and make sure your mortgage is structured so that you get the most out of your investment.
Be clear from the outset what you want to achieve and what you can afford. Research the local market for comparable homes and their asking price, as this will protect you against over-capitalising.
Seek early financial advice from your mortgage broker.
There are a confusing number of products and feature available.
Many of these additional features can come at a cost, so it is important to know the hidden traps.
Options to consider:
Ask yourself, do I need redraw, offset, repayment holidays? Many of these additional features can come at a cost. It is important to know the hidden traps.
Still confused? Call Gr8Numb3rs we are here to help.
All too often, valuable time is lost when applying for credit because loan applications don’t conform to the banks’ stringent lending requirements.
Gr8Numb3rs years of working with finance providers ensures our loan applications provide all the information needed for a speedy submission and approval.
The short answer is NO. There are lenders that will provide you with finance based on the assets and cashflow of your business.
Most banks will want to undertake at least an annual review on your facilities. This can sometimes lead to an increase in rates or change to reporting covenants.
The good news is that this doesn’t have to be the case. At Gr8Numb3rs we have access to lenders that will provide finance without the need to have continued reviews. This lets you get on with what you do best running your business!
Gr8Numb3rs offers a vast selection of finance products from the major banks, finance companies and private lenders.
We understand your requirements and match you with the most suitable lender.
We take care of all aspects of the lending process thus totally freeing up your time.
The fundamental reason is there are different risk profiles. However, if the bank has YOUR House as security for YOUR business then it’s time to review your options.
Gr8Numb3rs have helped many small business owners save thousands of dollars by restructuring facilities and getting more favourable arrangements as well.