Home financing is more complex than how it may initially appear. It is important to thoroughly research options and understand the terms before committing to a home loan.
With over 60 lenders on our panel, we are in the position to source optimal outcome for your home finance: as your mortgage broker we consider various banks and their policies, come up with a proposal customised to your specific circumstances, and source a home loan that is fully aligned to your financial situation.
Purchasing a home is a significant life event that often brings both excitement and stress, and buyers are usually most concerned about the financing aspect of the home-buying process. Organising a home loan can feel overwhelming, as the end result will vary depending on your financial circumstances, location, lender, and many other factors.
At LEKSI, we make that process simple for you! We take into consideration your monthly income, expenses, existing debts, deposit contribution etc. to determine how much you can comfortably afford to spend on a home. We discuss your preferences in terms of a loan term, monthly repayments, cash management etc. to ensure proposed solutions fully meet your requirements.
After thorough research and comparison of mortgage lenders, we take into account factors like interest rates, loan terms, fees, turnaround times and customer service, and present you with a clear recommendation, supported by justification of the proposed outcome.
Investing in property can be a valuable tool in wealth creation and growth, and in most cases this strategy is underpinned by debt. Unlike a traditional home loan used for purchasing a primary residence, an investment property loan is specifically tailored for properties that the borrower does not intend to live in themselves.
The investment property loans generally have some differences compared to traditional home loans: interest rates might be slightly higher, and lenders may require a larger deposit. Lenders will consider actual or potential rental income when evaluating your ability to repay the loan. The rental income will normally be discounted in calculations, to allow for potential vacancies and rental market fluctuations. Here at LEKSI we understand how different lenders assess rental income and other aspects of a loan application, and are in the position to seek optimal loan structure for your circumstances.
Investment properties have tax implications, including deductions for mortgage interest, property taxes, and depreciation. It is important to consult with a tax professional to understand the specific tax benefits and obligations related to investment property ownership.
While buying your first home can be an exciting and fulfilling experience, it is also important to be prepared for the responsibilities and challenges of homeownership, as mortgage repayments are a significant long-term commitment. Thorough planning and research are essential and will help your first home purchase be a positive and rewarding experience.
There are special financial offerings available designed to assist individuals who are purchasing their first home. These programs aim to make homeownership more accessible by providing particular benefits to those who are entering the housing market for the first time, normally structured around lower deposit contribution. However, the first home-buyer schemes come with restrictions, so it is important to carefully review and understand the guidelines to understand any limitations.
At LEKSI we explore all possible options and determine whether any programs or concessions may be available, and if you meet specific conditions. We prepare you and fully navigate the home-buying process for you to ensure you receive the keys to your first home under the best possible circumstances and enjoy the great sense of achievement.
Obtaining a home loan as a self-employed applicant often presents unique challenges compared to traditional salaried employees. Lenders scrutinise self-employed borrowers more closely due to the variable income nature of self-employment. Working with a mortgage broker who has experience with self-employed borrowers is extremely beneficial.
At LEKSI we are commercial lending experts, which makes residential loans for self-employed our second nature. We know how to navigate different lender policies, work around any specific requirements and discuss the economic climate to your advantage. Furthermore, we have access to alternative loan products, and lenders with more flexible underwriting criteria for self-employed applicants.
While maximising deductions can help lower your tax liability, it can also reduce your qualifying income for a mortgage. We work together with your tax advisor to find the right balance and ensure your borrowing capacity is not compromised.
Construction loans are essential for those looking to build a new home or undertake significant renovations. However, due to their specialised nature, they require careful planning and coordination to ensure a successful project. Unlike a traditional mortgage where you receive the entire loan amount upfront, a construction loan provides funds in stages as the construction progresses.
Given the complexities of construction loans, it is important to work closely not only with experienced builders, contractors and architects, but also a finance professional to ensure a smooth process when it comes to construction funding.
At LEKSI we fully coordinate the process for you: from financing for land purchase, through to arranging funding for the build and managing loan progress draws, to converting the construction loan into a permanent mortgage. Although a construction loan is a type of short-term financing, we look at the long-term view to ensure you remain in the best possible position well after the construction is complete.
Home loan refinancing is a good strategy to obtain lower interest rate and better loan terms in general, reduce monthly repayments, simplify security or access equity in your home. Although refinancing can offer several potential benefits, it is important to carefully consider your situation and weigh the costs and benefits before proceeding.
LEKSI has over 60 banks and lenders on the panel, which means greater choice and greater flexibility. Our process involves not only careful assessment of your current mortgage terms, interest rate, remaining balance, and monthly payments, but also your other current, as well as future needs and goals.
It is wise to proactively review your loan terms every few years to determine whether the market has moved and your loan terms are aligned to it to ensure you are not missing out on any potential savings or other benefits.
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DISCLAIMER: Any advice on this website is of a general nature only and does not take into consideration your personal circumstances. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.
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