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The Great Australian Dream of owning your own home. It’s exciting but it can be equally worrying because here you are, particularly if you are a first home buyer, about to make probably the biggest investment in your life and you are confronted with a major decision.
Who do I go to for mortgage planning advice?
Go direct to any lending institution and they will unashamedly tell you they have the best and most competitive mortgage for you. This is often not the case. Work with Liberty Financial Services and you expand your possibilities to multiple lenders with a wide range of loan products. As a Member of PLAN (Professional Lenders Association Network of Australia), MFAA (Mortgage & Finance Association of Australia), FBAA (Finance Brokers Association Australia) and COSL (Credit Ombudsman Service Limited), Liberty Financial Services is committed to acting with honesty and integrity at all times.
Pre- Approval
If you haven’t yet found the right property for you, or are going to bid at an auction, then it is wise to know exactly what your budget is so we can assist you with a pre-approval. The benefits are that you are able to negotiate with confidence giving you greater bargaining power - plus also knowing exactly what you can spend can save you valuable hours looking for a property.
CALL US NOW 1300 722 128 - TO GET YOU STARTED
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Building your own home
We aim to assist you choose an option suited to your needs so that funds are available from the time you purchase your land, to the time you proudly walk through the door of your new home. It is important during the construction of your home that as certain benchmarks are reached you have timely access to funds so there are no delays.
CALL US NOW 1300 722 128 - TO ENSURE ALL YOUR PROCESSES ARE IN PLACE
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Other possibilities
In certain circumstances a family member with equity in their own home may be able to act as guarantor to assist a home buyer who would not normally meet lending criteria to purchase a property. Liberty Financial Services has a proven track record of assisting home buyers choose an option suited to their needs in a stress free professional manner.
CALL US NOW 1300 722 128 - TO OPEN UP OPTIONS YOU MAY NOT BE AWARE OF
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Self-employed
Our network of mainstream and non-conforming financiers, understand how to structure loans for self employed people in a range of different circumstances.
Some lenders require a full statement of your financial affairs for previous years with a high level of security. Others will enter into what is referred to as a Low-Doc loan whereby a declaration from you regarding your capacity to pay, plus a level of security to their satisfaction, is all that is required.
In some circumstances it may be prudent to restructure your current debt to achieve a lower total repayment commitment and improve your overall position.
If you see all of this as a confusing maze don’t worry because we have the expertise to analyse all options. Our aim is to recommend a solution which is an ideal fit between your needs and a financial package that helps you achieve your goals.
CALL US NOW 1300 722 128 - TO ASCERTAIN IF YOU QUALIFY FOR THIS TYPE OF LOAN
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Investors
You’re looking at the possibility of purchasing an investment property, decided how much you want to spend, the type of property and its location. You are excited and so you should be, because you are thinking about your financial future. You are probably also slightly concerned about the whole process of securing exactly the right type of loan. That’s understandable because there are literally hundreds of options available and it is critical that you choose an option suited to your needs.
The good news is that our vast range of lenders provide us with a variety of options to consider in our search for products and structures suited to your individual requirements. In consultation with you we look at your current financial position so we can structure a package to suit your exact requirements.
In order to purchase an investment property a deposit is required. Typically in recent years existing home owners with equity in their property use that equity as the security against the investment property. This is not only convenient but may have positive tax implications, depending on individual circumstances.
If you are using the equity in your family home you will need to provide both your home and investment property/ies as security against the loan/s. Notice there are some plurals here because firstly, depending on how much equity you have in your family home you may be able to acquire multiple investment properties and secondly, even if you are only purchasing one investment property there may be multiple loans.
CALL US NOW 1300 722 128 - WE WANT YOU TO JOIN MANY OF OUR CLIENTS AND GET YOU STARTED ON YOUR INVESTMENT PORTFOLIO
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Renovations
If you already have an investment property you may wish to renovate it to increase its value, increase the rent you receive or improve tenancy. There are tax implications in this area and in consultation with your tax adviser we aim to provide solutions that secure a loan that maximizes your financial position.
CALL US NOW 1300 722 128 - TO ENSURE YOU COMPLY WITH YOUR LENDERS REQUIREMENTS
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Refinance
Borrowers refinance form one lender to another for various reasons. Refinancing can have its advantages. However it must be weighed up with exit costs from the current lender to the entry costs to the new lender. Reduction in interest rates and repayments is usually one of the main objectives. We offer a FREE Home Loan health check to analyze your needs and ensure you are making an informed decision to change lenders.
CALL US NOW 1300 722 128 - TO MAKE THE CHANGE
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