CARROLL FINANCE

HOME LOANS

 

Whether you are looking to purchase your first home, next home or investment property, we have over 35 lenders on our panel that can assist you. At Carroll Finance we can help you get that home loan with the right features to suit your needs.

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First Home Buyers

Buying your first property is probably the most important decision in your life. However, finding a home loan that suits your lifestyle is just as important as choosing the property itself.

At Carroll Finance, we help first home buyers prepare themselves for the property market by guiding you through the complete home loan process, including First Home Owner’s Grant.

Furthermore, some of our lenders will allow clients that are purchasing a property to borrow up to 99.9% of its value including lenders mortgage insurance (LMI). This is ideal for those who have limited funds available for the deposit and costs associated with buying a property such as stamp duty and legal fees. It is also ideal for those who are not wanting to or are unable to go down the route of a guarantor loan.

One of the most rewarding experiences as a broker is helping customers into their first home. If you’re a first home buyer looking for finance, contact our team today to discuss your options.

Refinance

Looking after you includes looking after your finances….
With all time historic low interest rates, it’s worth giving me a call to understand how I can help you save money

Getting a better deal on your loan.
Do you know the interest rate you are being charged on your mortgage? Have you stopped to consider how it compares to the current interest rate on similar products?Refinancing your loan could give you access to a more competitive interest rate, especially if you have had a home loan for a few years. Interest rates are currently sitting at historic lows, so, if your interest rate doesn’t have a 2 in front of it, you may be paying too much.If you are unsure if you should refinance, we have listed a few reasons why people refinance below.

Refinancing, or switching home loans, can save you money.

It can also free up cash for renovations, investment property and other purchases. We can help you work out if it’s the best option for you and, if so, arrange the home loan that suits your needs.

  • Why refinance?
    Home loan refinancing can mean securing a loan that better suits your needs today. First, it’s important to consider your goals and reasons.
  • Secure a competitive interest rate
    Refinancing to a home loan that offers a lower interest rate can reduce your monthly repayments. You’ll need to weigh up any costs involved for switching loans.
  • Move between variable and fixed rates
    With a fixed rate, you know what you’re up for over a period of time. However, when interest rates are low, you may want to take advantage of a variable rate and accept the risk that rates can rise in the future.
  • Access equity in your home
    Equity is the difference between the market value of your home and the amount you still owe on your loan. With some loans you can access this money to grow your wealth, buy investments or use for personal goals.
  • Consolidate your debt
    Home loan interest rates are usually much lower than interest you’d pay on credit cards, car loans and personal loans. Bringing them together in one lower interest rate loan might save you on payments, fees and time spent juggling and managing your debt.
  • Refinancing costs
    As with any new loan, there are costs involved in changing loans. It’s important to weigh up what you’ll need to pay out against all the benefits of refinancing your home loan.

Investment Loans

Investment loans are structured in a specific way that allows you to make the most of your assets! An investment plan is one that works toward building your wealth and securing your financial freedom. For some, the future may seem a long way off, but the time to act is now because the future waits for no one. The housing market is generally a seven to ten year cycle: there are always highs, lows and steady patches.

Construction Loans

It seems obvious, but before you start signing any contracts or commence with your build, it is crucial to first understand how much you can borrow and how you will be able to manage all associated costs of the development.
While financing a construction project can feel like a daunting process for both new and sophisticated investors, having a mortgage broker by your side can make the process easier.

    Low Doc Loans

    Low Doc loans are suitable for self-employed borrowers who may not be able to provide complete financial details. Low Doc or Low documentation loans are loans for people who may not have sufficient proof of income.

    SMSF – Self Managed Super Funds

    Purchase property through a Self-Managed Superannuation Fund (SMSF)
    Are you thinking about borrowing to purchase property through a Self-Managed Superannuation Fund (SMSF)? Since 2007, self-managed superannuation funds have become a popular method for many.

    As of 2007, Australians have been able to purchase a multitude of different property types through their self-managed superannuation funds.

    By using your SMSF to borrow money, you can invest in residential and commercial properties, office spaces, warehouses, and many other options.

    A benefit of establishing your own superannuation fund is greater control over your retirement savings, and an SMSF loan can assist you to purchase investment property under your fund. This negates reliance on the share-market and puts you back in control.

    The Benefits of a Self-Managed Super Funds
    31.8% of all superannuation funds are with SMSFs now representing the largest slice of the super industry.

    For many Australians, SMSFs offer these benefits:

    • More control
    • Greater flexibility
    • Usually lower fees than industry and retail funds
    • Usually better performance.

    With an SMSF, you can choose where your retirement savings go, with options including listed shares, bonds and direct property.
    This flexibility gives you the ability to actively manage your investments. With a hands-on approach, you can quickly adjust your portfolios as markets change.

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