Every lender has their own terms and conditions, and this is intended only as a general guide to understanding this topic. Contact us to discuss your individual circumstances.
Yes, you can get cheaper interest rates than my panel of lenders…but you get what you pay for!
They are a low/no service offer. Consider my value propositions, all of the invaluable advice, support and single point of contact I provide.
Client Value Proposition – how I help You
✓You receive ongoing personal service from initial consultation, through the entire loan and property purchasing process
✓Based on a full analysis of your needs and objectives, you receive comprehensive lender, loan product and loan structuring advice
✓You will know your maximum purchasing power and loan affordability.
✓You will have access to over 25 Lenders, offering a diverse range of products and policies
✓You get an extensive list of Michele’s Tips on Loans & Property
✓You have a single point of contact for all of your lending needs
✓You have access to a network of trusted experts and specialists
✓You’ll receive property comparative market analysis reports on properties of interest
✓We will conduct annual loan reviews together You will receive regular newsletters to keep you up to date with market information and trends
Things to consider
You do all the work to get the loan in place and manage all involved parties to get your transaction to settlement.
Budget lenders seek low risk clients and security properties, and they do not lend to anyone who does not match their specific requirements. You risk that if you or your property do not fit the lenders strict criteria then you may not get a loan approval or may not meet your settlement time-frames. Some policy examples are:
✓Long term PAYG employee
✓80% or less Loan to Valuation ratio
Standard metropolitan residential property
✓Owner occupied property
✓Low number and limits of unsecured personal debts
Budget loans are often very basic, have limited flexibility to run and to change, and they often have no related banking product capacity.