How to Use Trust Loans Wisely and Avoid Common Property Investment Mistakes
Trust loans can offer flexibility and structure for property investors using
Get Some Professional Advice First
For those seeking a Second Home Loan, selecting the right option is vital for your financial security and peace of mind. A Second Home Loan customised to your needs can help you achieve your investment goals without burdening you with excessive debt or high-interest rates. Therefore, it is essential to work with a reputable and experienced mortgage broker who can guide you through the process and assist you in securing the most suitable loan for your situation.
At Q Financial, our mission is to assist individuals from all backgrounds in reaching their financial goals. Our team of specialists, including our dependable mortgage broker Quinto White, has the knowledge and skills to expertly navigate the lending landscape and secure the best outcomes for our clients.
Whether you’re a First Home Buyer, Home Upgrader, looking to Refinance, invest, or purchase a New Home, our Award-Winning Home Loan Specialists, led by Quinto White, are here to provide advice-driven solutions tailored to your unique financial and lifestyle objectives—both now and in the future.
At Q Financial, our dedication extends beyond our clients to the well-being of our environment. We practice ethical lending, actively reduce our carbon footprint, and strive to make a positive impact. With your support, we can continue to achieve even greater things!
Contact Q Financial today and let Quinto White, our dedicated mortgage broker, guide you through the journey of realising your financial aspirations.
It’s no secret that it’s getting harder and harder to get into your first home. The good news is that for many there are more ways to get into the property market than they think. The government does want more Aussies to actively participate in the nation’s property market, and particularly younger Australians. While the government schemes, grants and incentives are great, the main issue remains the same – how do you save all that money for a house deposit?
START SAVING AND SET A TIMELINE
Be realistic with your savings goals, and start small if you have to – ANYTHING, is better than nothing. Open an account that you can’t touch or transfer funds out of easily such as a term deposit and watch your nest egg grow. Set goals with how much you want to save by, so that you’re accountable for the results.
REDUCE YOUR EXPENSES
Look for ways to reduce your discretionary spending. Cut back on non-essential items and activities, such as eating out, entertainment, or subscription services. Consider negotiating better deals for utilities, insurance, or internet services to lower your monthly expenses.
GET ON TOP OF DEBTS
Consolidating your debts is one of the most straightforward ways to get on top of existing loans or debts, and ultimately lowering your interest rates. One credit card stashed for emergencies isn’t going to make or break your chances of a loan approval, but a large car loan or multiple miscellaneous debts might.
TAKE ADVANTEGDE OF GOVERNMENT SUPPORT
The Federal and State Governments of Australia want you to buy a house, as you will directly impact the economy in a positive fashion. Consider monetary benefits available such as the First Home Buyers Grant, HomeBuilder Grant or even the First Home Grant – they are in place to help you, and it all adds up.
INCREASE YOUR INCOME
While cutting down on your living expenses sometimes doesn’t leave much wriggle room for potential savings, increasing your income is an alternative that doesn’t necessarily suck all the fun out of your lifestyle. If you have a creative pursuit that can be turned into a side hustle – go for it. Explore the opportunities around you that could boost your income.
This option has become super common over the last 5 years with houses getting more expensive. This one can allow you to buy a house with ZERO DEPOSIT. Yes, that’s right, you don’t need to have any money saved, however I recommend you get saving a little first even if to prove to yourself you can afford to own property…
Pros for this option:
Cons for this option:
All the above options can work well if they fit your circumstances, I often find people would rather not use Mum & Dad but when they see the massive benefits many of them decide to ask the question. I will always arm clients with all the info they need and guide them through these options in much more detail before they decide on a strategy.
The Home Guarantee Scheme (HGS) is an Australian Government initiative to support eligible home buyers to buy a home sooner.
How it works: The government make a guarantee to the Participating Lender of up to 15% of the value of a home loan under the First Home Guarantee which means you do not need to pay Lenders Mortgage Insurance.
The Scheme includes three types of Guarantees:
Supporting eligible home buyers to buy a home sooner and avoid paying LMI.
Supporting eligible regional home buyers to buy a home sooner, in a regional area.
Supporting eligible single parents with at least one dependent to buy a home sooner.
Hi! If you’re a property investor seeking financial guidance you’ve come to the right place! My name is Quinto, and I will be your trusted and friendly local broker who will guide you every step of the way.
Feel free to reach out to me and my team today to get connected to the home mortgage lenders who will look upon your application most favourably. We promise that you will get an absolutely FREE, no-obligation consultation!
At Q Financial, we are dedicated to assisting individuals from all walks of life in achieving their financial goals. With our team of experts, including our trusted mortgage broker, Quinto White, we have the expertise to effectively navigate the lending landscape and secure favorable outcomes for our clients.
Whether you’re a First Home Buyer, Home Upgrader, looking to Refinance, make Investments, or embark on a New Home Purchase, our Award-Winning Home Loan Specialists, led by Quinto White, are here to provide advice-driven solutions tailored to your specific financial and lifestyle goals—both now and in the future.
At Q Financial, we are not only committed to our clients but also to the well-being of our planet. We embrace ethical lending practices, actively offset our carbon emissions, and strive to make a positive impact. With your support, we can continue to accomplish even greater things!
Contact Q Financial today and let Quinto White, our dedicated mortgage broker, guide you through the process of achieving your financial dreams.
Are you under mortgage stress, in the lurch with the looming mortgage cliff, or heading for mortgage prison (if you aren’t already)? Mortgage refinancing can be your way out of these impending problems. There are a lot of benefits when it comes to refinancing a home loan. These include the following:
Lower interest rates
Reduced monthly repayments
Access equity
Better loan features
Relief from mortgage pain
Debt consolidation
Restructure your loan
Pay off mortgage faster
First, a broker can help you understand the borrowing process and provide guidance on the types of loans that might be suitable for you. They can also help you prepare and organise your financial documentation.
Second, a broker has access to a wide range of lenders and loan products, including those that may not be available to the general public. They can use their industry knowledge and relationships to negotiate with lenders on your behalf and find a loan that meets your specific needs and financial situation. At Q Financial, we can help you get preferential treatment from lenders who can look at your home loan application most favourably!
Third, a broker can help you present your application in the best possible light to lenders. They can highlight your strengths and address any concerns that lenders may have, increasing your chances of being approved.
Mortgage brokers generally don’t charge a fee to borrowers as they receive a commission from the lender when they settle a loan. However, some brokers may charge a fee for their services, so it’s important to ask upfront about any fees involved.
In Australia, mortgage brokers are not allowed to claim that a particular home loan is “the best” on the market. This is because the ASIC does not like this phrase, especially since we do not have access to EVERY lender or product in the country, so there is no substantial evidence that the home loan options we are exposing you to are indeed, the best.
However, we can work with you to find the loan that is most suitable for your specific needs and circumstances. Our job is to assess your financial situation, discuss your goals and preferences, and recommend a range of options from our panel of lenders. Ultimately, the right home loan for you is the one that meets your needs and fits your budget.
Yes, a mortgage broker can still help first home buyers that have bad credit. They have access to specialist lenders who may be able to offer you a loan despite your credit history. However, you may need to pay a higher interest rate or provide a larger deposit to secure a loan.
To be eligible for this Australian first home buyers grant, you must be 18 years or over, a permanent resident or Australian citizen, plan to live in the property as your home for at least six months, and have never previously owned your own home in Australia. However, eligibility also depends on the state or territory you want to buy in, how much you are going to spend, and if you own any property already. If you, or a person you are entering into a joint home loan with, have previously claimed the FHOG, you may not be eligible for it again. In some states and territories, the FHOG can be beneficial when you buy or build a ‘new’ home, which can be a newly built property that hasn’t previously been lived in or sold as a home, or a substantially renovated property.
The mechanics for submitting application to certain grants to buy first home can vary. Specifically, to apply for the First Home Owners Grant, you can either apply through an approved agent or via the FHOG customer portal. If you require the grant for settlement or first drawn down/progress payment, you must lodge your application with the approved agent who is providing you finance. Applicants must lodge within 12 months of settlement or the completed construction date of your new home. You’ll need to complete the First Home Owner Grant (New Homes) Application form if you’re applying through an approved agent.
Buying a house for single person can be tough, especially with our current economic climate that has yet to feel the full impact of the consecutive RBA cash rate hikes. However, the decision to buy a house if you’re single in Australia depends on your personal circumstances, financial situation, and long-term goals. It’s important to consider factors such as your income, expenses, and lifestyle before making a decision.
Buying a cheaper house as a first investment has advantages such as requiring less money to get started and potentially having less downside risk, as well as offering potential positive cash flow and upside potential. However, cheaper properties may be in poor condition and harder to sell, and due diligence is important.
Definitely! Click this link to book an appointment with me and my team. Alternatively, you can head over to our Coffs Coast office located in 3/10 Queen Street, Woolgoolga NSW 2456.
Refinancing a home loan has never been so easy! Schedule your obligation-free PHONE consultation now to find out how you can take advantage of these lender benefits.