Are you searching for a home loan and find yourself asking:
How do I know which lender is right for me?
What fees are involved?
Is there a better rate that I don’t know about?
Leave the heavy lifting to us.
Home Loans
Our qualified team of brokers will take all of home loan needs and find the perfect lending solution just for you.
We believe in providing a high level of customer understanding so that we can present you with only the best options for you.
First Home Buyers
We know that buying your first house is one of the most exciting (and nervous) times.
That’s why at Innovative Finance we help you take control and ensure that you are full prepared to buy your first house.
How We Help:
Understand your individual needs and structure a loan proposal (and ultimately loan approval) that will allow your purchase house purchase to be as simple as possible
There are many great finance offers available to First Home buyers and we negotiate an overall loan package that allows you to maximise these benefits such as discounted fixed rates and cash rebates
Explain the loan and buying process so you will be 100% confident at every stage
Introduce you to key people that you will need to purchase your house such as solicitors/conveyancers, pest and building specialists, local real estate agents
Common Questions
What is my borrowing capacity?
How much deposit do I need?
I have heard of a parental guarantee but not sure how it works?
Will banks use the rent we pay as genuine savings?
If I build a new house do I receive any benefits
Fact:
Did you know that each lender charges a different rate of mortgage insurance?
Example:
A First Home Buyer purchasing a property for $475,000 with a 10% deposit to their loan
Lenders Mortgage Insurance can range between $6,900 to $10,200
When we prepare a tailored proposal for you we navigate this to ensure you!
Next Home Buyers or Ready To Renovate
Growing family? Ready to upsize? Got big renovations plans?
When the time has come to tackle the next stage, at Innovative Finance we have you covered. We specialise in helping you prepare you for the next step.
How We Help:
Help you answer some of the biggest questions “Can I buy before we sell” (and yes you can) and “Is it possible to keep our current house as an investment property”?
There are many great finance offers available and when you are ready for the next move is a great time to re-evaluate your current lending and financial situation
Order upfront valuations to determine your current equity position
Explain the loan buying, selling process so you will be 100% confident at every stage
Introduce you to key people that you will need to purchase your house such as solicitors/conveyancers, pest and building specialists, local builders and local real estate agents
Common Questions
Can we buy before we sell?
How can I keep my current property as an investment property?
We want to renovate our current property but not sure we have enough equity?
What is bridging finance and are we eligible?
Do I need to have another cash deposit?
Do I pay stamp duty on a renovation?
Fact:
If you a looking to renovate, some banks will value your property based on what it will be worth once you finish, not before
Example:
A young couple looking to add an extra bedroom and update their bathroom kitchen costing $150,000 with a current mortgage of $420,000.
They went to their current bank who valued their current property at $580,000 and said they didn’t have enough equity to renovate
After their initial meeting with an Innovative Finance specialist, they completed an upfront valuation that took into account their renovations that lifted their valuation to $730,000.
This allowed them to secure a finance approval knowing they had sufficient equity without having to pay mortgage insurance (or needless applications and time wasted)