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Buying your first home?
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Buying your first home is one of the biggest, most expensive decisions that you are ever likely to make in your life. So it makes sense to use an expert to help you along the way. Choosing the home is half the work, choosing the right loan can be just as difficult. Most of us don't have the time, patience or knowledge to talk to dozens of lenders and then be puzzled by hundreds of different loan products (link to types of loans), but this is what we do everyday so why not let Inovayt save you time, money and stress.
As a first home buyer you may be eligible for the First Home Owners Grant (FHOG) . Currently this grant is $7,000.
In addition to this, all Victorian first home buyers who qualify for the FHOG will be eligible for an additional $3,000 grant paid by the Victorian Government known as the First Home Bonus. This brings the total Government grants available to Victorian first home buyers to $10,000. Or $12,000 if you are building a house or buying a house “off the plan”. |
Investing in property?
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Investment properties offer a regular income from rental as well as an expectation that the property will increase in value over time. In addition to this one of the benefits of owning an investment property are the tax savings that can be utilized. These benefits make property an attractive investment option. In order to receive the maximum benefit and possible future profit from your investment property, it is important that your finance is structured correctly to suits your needs. You can rely on your Inovayt consultant to provide you with up-to-date information on a large variety of loan products.
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Building a home?
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Construction loans cater for either building on a vacant lot or for renovating or extending your existing home or investment property.
In the case of building on vacant land, one section of the loan would cover the land and repayments would begin after your land settlement, while the loan for the construction component of the new property would not be payable to the builder (and there fore not attract interest and repayments) until construction commences.
In the case of renovations or extensions there are many different options that an Inovayt consultant can discuss with you.
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Looking to refinance your current loan?
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There are a variety of reasons for refinancing, from accessing available equity in your home to swapping to a more effective loan product. Whatever your reason we can take the hassle out of the equation. By contacting us we can assess your current situation over the phone, or make an appointment to see you and determine if you would benefit from refinancing your current mortgage. Some benefits can include an interest rate discount and a saving on fees through restructuring. Or, it may be time for you to access your equity to use for investments. |
Selling and buying a home?
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Moving home is a regular occurrence for most Australians. Statistics show that we move home on average, every seven years. Each time we move house there is already a never ending list of issues to be taken care of, which means you may not give the ideal attention to your finance arrangements. There are a number of things that you should consider when looking at your finance options for the new property. There will be a number of new loan products that weren't available at the time of organising your initial mortgage, which means there may well be a product better suited to you needs. You may also want to purchase a home before you sell your existing home, which means you could need bridging or “go-between” finance. |
Credit impaired?
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Had credit problems in the past? Don’t fit lenders’ traditional criteria? Don’t despair. With today’s wide range of home loans and lenders, even people considered ‘credit impaired’ can now apply for a home loan. These loans, known as non-conforming home loans, are specifically designed to suit people who are:
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no longer working full-time and/or retirees
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credit-impaired
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contractors
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| Non-conforming home loans work like most other loans. Borrowers can choose from a range of loan types including variable, fixed and split rate loans and popular features such as line of credit, redraw and offset. |
Self-Employed? |
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Running your own profitable business is difficult enough without the hassles of applying for a home loan. If you are self-employed, you may be denied a traditional home loan due to lack of paperwork to verify your income. The alternative is to apply for a low-document home loan (often called low doc loans). Low doc home loans are specifically designed for self-employed people and other non-conforming borrowers. |
Not sure which home loan you need?
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Inovayt is an organization with many years of experience in the mortgage broking industry. We do not sell our own home loans and therefore are not an agent for one lender in disguise. At Inovayt, we work with over 30 different lenders – major banks, regional banks, non-bank lenders and building societies’, including all of Australia’s leading lenders. That’s why we can offer a choice of over 300 different loan products. The result is a home loan that is specifically tailored to your requirements.
Inovayt consultants are specialists at arranging well structured finance for all types of borrowers ranging from first home buyers to experienced property investors, self-employed or PAYG, residential or commercial, for properties anywhere in Australia. Our consultants are experienced property investors themselves and therefore have first hand knowledge on how to structure finance and mortgages effectively. Interest rates are only the beginning! |
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| Contact us to find out how we can assist you. |
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