Your Finance Adviser

The last 2 years were like no other in Australia, and thanks to the impact of Covid-19, the country saw its first big recession in over thirty years. However, Australians' interest in real estate hasn't reduced a bit in these years. Since the real estate market has picked up so well, more and more Australians are turning to buy a home or investment property.  

So, when you're thinking of purchasing residential property, SMSF home loans in Australia play an important role in your retirement plans. SMSF loans allow you to borrow money to purchase assets such as property.  

What is SMSF?  

A Self-managed super fund (SMSF) is a private fund managed by yourself. SMSF offers greater flexibility and enables investors to carry a range of assets, including shares, term deposits, bonds, unlisted assets, and so much.  

In a simple way, SMSF lets you pay for the fund that you run yourself rather than paying super contributions into the industry. Overall, SMSF loans are highly rewarding, but it comes with some risks, so to manage SMSF, it is best to take guidance from experts. You can consult Sanjay Khana – trusted home loan broker Sylvania Waters. He is passionate about educating clients about processes and products and empowering them to make informed decisions.  

Key Steps to Use in Property Investing  

1.Evaluate SMSF deeds  

The first step for investing in SMSF loans is to prepare for a trust deed. As per ATO, an SMSF property investment must summarize the trustee's key objectives and the framework for accomplishing the investment decision. Moreover, trust deeds also set out how fund contributions and benefits will be paid.  

2.Get Loan Approval  

An SMSF loan allows the borrower to buy valuable and revenue generating property. By understanding the lender's criteria, you can simply make your move to approve an SMSF loan. Consulting a trusted financial adviser can help you gather essential documents and improve chances of loan approval.  

3.Reach Settlement  

After the selection of property and once the loan gets approved by the lender, the legal structure is in place, funds can be used to pay the deposit, and later the contract of sale may be executed. The SMSF covers the deposit, balance and legal costs as well as stamp duty. However, in this loan, the property trustee does not need to pay the deposit.  

Your Finance Adviser – Australia's Leading Finance Advising Agency

Getting homeownership and finding the right home loan often seem daunting to someone new in the property market. Accessing a home loan in Australia requires lots of consideration, including the property type, mortgage type, loan term, interest rates and many other details. As a buyer, you may want to compare the lender’s interest rate to determine the final outcome. That is where the use of an online mortgage calculator comes in.  

Importance of Online Mortgage Calculator  

Calculating a home loan is essential to determine how much your monthly repayment will be. A Personal loan repayment calculator CBA is easy to use and helps evaluate the repayment amount you’ll need to pay as a borrower after accessing a home loan. You can evaluate simply by putting inputs like property price or principal amount, interest rate, loan amount, loan tenure, etc. It is especially helpful when you are new to property investment.  

Benefits of Using Home loan Calculator  

When you decide to use an online mortgage calculator, you may likely decide on the loan repayment amount by assessing your income and day to day expenses. Moreover, it helps you select the most suitable loan based on your finances. A mortgage calculator can also assist you:  

Evaluate The Best Loan Option  

While determining the perfect property loan based on your financial goals, you can change the values to see how it would affect your monthly payment. Then apply the number you really want to focus on and lock the amount you can afford. Moreover, you can change the loan type to work out your maximum borrowing power.  

Determine the Impact of Down Payment  

Keep changing the values and principal amount to see how much a larger or smaller deposit amount could influence your final payment. Also, evaluate how much a deposit amount can help avoid taxes and save even more each month. In fact, with the help of an Income tax calculator in Australia, you can even acknowledge small errors in the tax rates.  

Compare interest rates and loan types  

One such great advantage of using home loan calculators is that you can simply compare more than two banks in one go. If you’re not sure how much loan term is helpful? Then an online calculator can help make the decision easy.  

Your Finance Adviser – A Leading Financing Advising Company You Can Rely On!

Over the years, we have helped individuals and businesses get the best deal with the most viable financing option. We offer several online mortgage calculators, including income tax calculators, saving calculators, stamp tax calculators, and Refinancing calculators in Australia. These calculators can help investors decide which option will help them attain financial goals and realise their dream.  

Low doc home loans Australia -Low doc home loans Australia

Sydney, Australia, 23 March 2022. - Your Finance Adviser (YFA), a renowned home buyer centre finance adviser in Australia, has launched the latest personal loan repayment calculator for the year 2022  to help the customers estimate interest and repayment amounts easily.

A manual calculation is inefficient or could result in an incorrect value. YFA's latest calculator requires information on loan term, interest rate, and loan amount to find out the final repayment amount.  

Speaking at the launch, Rohit Khatak, trusted Mortgage Broker in Balmain said "It will allow borrowers to estimate savings and help them repay a portion of the loan early or plan monthly.”

As a leading home buyer centre, YFA offers a number of tools and advice that borrowers can use for themselves while purchasing a property. "We have analysed and researched about various aspects of borrowers' needs. It uses the amortisation method to estimate interest and repayment amounts. When you make your first repayment for a home or personal loan, a great share of the amount will go toward paying the interest," says Rajan Khatak, Founder and lending specialist of YFA.  

One of the first online calculator users shared his experience, “The tool has helped me analyse monthly, fortnightly, or weekly repayments at different interest rates". He told that when it comes to personal loan calculation, a few details, are needed such as:  

Borrowing Amount – The amount of money that a borrower wants to borrow from banks or major lenders, including additional fees.  

Interest rate – Lenders apply it to your personal loan. Rates can be fixed or variable that accurately determines your payments over the life of your loan.  

Loan Term – The length of the personal loan dictates your loan agreement. It is crucial as it allows you to calculate your repayment accurately.  

After filling in all the details, simply click on 'see my repayments' to determine an estimated repayment amount. However, the Estimated amount can vary based on the current interest rate.  

"Apart from estimation, the tool also allows comparison between different banks to find the perfect one for you at the affordable interest rates in the financial market for personal loans", explains Shailendra Wadhwa – YFA's reliable lending expert.  

This tool is way ahead of the other similar products in the Australian financial markets because it’s:

Easy to access from any mobile device.  

Saves users' time and provide accurate results.  

Help improve borrowers' credit rating.  

Helps in decision making by changing the factors affecting the repayments.  

Compares interest rates of different lenders and banks.

Now, this online calculator is available on our website, and you can use this by visiting the www.yourfinanceadviser.com.au.  

Getting loan information has never been so easy. You just need to gather information about the interest rate, home loan term, expected loan amount, and it generates the repayment amount.  

About Your Finance Adviser (YFA)

Rajan Khatak founded YFA in 2012 has a mission to revolutionize the way Australian investors and homeowners finance their properties. He had the vision to ease the complex financing procedure by providing valuable consultation.  

The company act as a trusted home buyer centre in Sydney, Australia, delivers home loan advice and also Commercial property loans that helps the loan seekers become homeowners. YFA has dedicated mortgage brokers to guide on different home loan options most suitable for the loan seeker’s financial needs.  

Other online calculator tools available include an income tax calculator, stamp duty calculator, extra repayment calculator and many more.  

For more information:

Visit YFA website - www.yourfinanceadviser.com.au.  

To contact the experts - [email protected]  

After Covid-19, the Australian property market price is skyrocketing. As a result, Australian residential property prices have risen greater than ever. However, commercial property is not much priced yet. So, if you’re thinking of starting a business, it could be the best time to invest in Commercial property loans Australia.  

Investing in the commercial real estate market can be beneficial from your business point of view. But if you’re likely dipping your toes the first time into the commercial property market, you have to consider a few things. Read on to understand what to consider when buying commercial property.  

Evaluate Your Investment Budget and Goals  

When thinking of investing in commercial real estate, it is good to determine what are your investment budget and return of investment (ROI). When purchasing a commercial property, it needs to pay special attention, including mortgage plan, loan option, and borrower’s financial capabilities. As a borrower, you should examine the different factors that could impact your goals now or in the near future.  

Find out Property Location  

After determining budget and goals, find a suitable location to purchase your property. A major part of financing depends upon property location, so it is suggested to choose the location wisely. Do not go for the area you are not familiar with because there could be some elementary factors you are not aware of.  

Go For Secure Financing  

Purchasing your first commercial property is a daunting task. Before financing your first property, it would be great to acknowledge your financial position and line up financing options in advance.  

Choosing a mortgage option is a great way to ease finance. However, lenders will provide you with the loan only when they find you capable enough to pay timely repayments. They will check your financial statement, which lays out all your assets, existing debts, other financial obligations to ensure whether you are creditworthy or not.  

Know the Risks  

Just like any other investment, purchasing a property involves some risks. As an informed buyer, you must be aware of the taxes and spending involved in a property purchase. Though it is difficult to know the form of spending and risks to the borrower, consulting a mortgage broker regarding buying property can be conducive.  

Many first-time or self-employed buyers often go for Low doc home loans to ease finance, but they must be aware of the high interest and loan period it provides.  

Why Choose Your Finance Adviser?

We are the leading financing advising company in Australia that is known for providing valuable advice to needful individuals and businesses. We help attain borrowers attain several types of loans, including commercial loans, no doc & low doc loans, owner occupied loans, No deposit home loans Sydney and many more.  

Lenders Mortgage Insurance can be a great tool to help home buyers get into a property that they otherwise might not be able to afford. However, it comes with a cost.

When buying a home, to live in or as an investment, most people will have the goal of eventually paying it off.

If you’re setting the goal of purchasing a home in the coming year, it might be time to start getting your financials in order ahead of time.

If you’re setting the goal of purchasing a home in the coming year, it might be time to start getting your financials in order ahead of time.

In recent times, beginning a journey towards home ownership in Australia has been one of the biggest decisions. When taking out a home loan, one of the important things to consider is a home loan structure. The two main options available are fixed and variable home loans in Australia. However, choosing the best structure is one of the confusing propositions.  

Both fixed and variable rates loan have unique advantages. Look out the below key factors that define which type of home loan is best for the borrower based on his financial situation.  

Things to Know About Fixed Rate loans  

The main aspect of a fixed home loan rate is that the interest rate stays fixed for the entirety of the loan period. It implies that the borrower can ‘fix’ an interest rate for a specific time, usually one to five years. The rate won’t change even if any fluctuations happen in the Australian financial markets. For instance, if the borrower has fixed the interest rate at 2.15% today, he will be paying the same repayments even if the rates climb to 5% in future.  

Many home borrowers choose fixed-rate loans because it allows people to plan and budget for their payments. It is particularly helpful for those who have a tight budget and want predictability in home loans.  

Choosing CBA’s Fixed home loan rates has a great advantage for borrowers because the bank lets borrowers have standardized monthly repayments for a car loan, student loan or any personal loan. When the CBA bank’s fixed-rate loan period ends, the fixed term automatically converts to an applicable standard variable rate, or the borrower can choose to refix the home loan.  

Key Points to Know  

The borrower cannot redraw the additional repayments which he made during the fixed-rate period.  

Ideal for those who want certainty during the loan period.  

The borrower doesn’t benefit even the rate drops in future.  

Limitation to access top-up feature.  

Things to Know About Variable Rate Loans  

The interest rate adjusts with financial market ups and downs in a variable rate loan. The borrower will pay a lower interest rate than a fixed rate because it is a riskier option. The Australian financing market is uncertain. If the interest rate rises, it can increase the cost of borrowing; hence, the borrower should be aware of the risks involved, such as elevated loan costs.  

This home loan is ideal for those who want the flexibility to repay the loan sooner. Unlike a fixed-rate loan, borrowers can expect variable-rate advantages when the interest rate falls. Consult the best home loan broker in Australia to get detailed information on variable loan structures.  

Key Points to Know  

Due to its flexibility feature, the borrower can make unlimited repayment.

The borrower can enjoy an unlimited redraw facility.  

Conclusion  

Before taking out a home loan in Australia, it is essential to choose a loan structure that can meet personal finances situations or take the help of the online home loan calculator Australia to calculate repayments. Follow the above factors to decide which home loan option is best.  

Get support from the experts like Your Finance Adviser to begin the home buying journey. The team of mortgage brokers of YFA has been helping clients to make the right decisions for taking out a mortgage.  

When you start your journey towards home ownership, one of the prime aspects you need to consider is your home loan structure. When it comes to owning a home in Australia, there are mainly two options available — fixed-rate and variable rate loans. Choosing the best home loans can be a confusing proposition since both options have their own benefits. So, here we'll break down the importance and benefits of Fixed home loan rates in Australia so you can determine whether it is right for you or not.  

It provides certainty  

If you're someone who prefers certainty over anything, then BOQ fixed rates are ideal for you. Fixed-rate loans enable you to manage your savings because you know how many repayments you will pay weekly, fortnightly, or monthly. As a borrower, you'll be paying the same amount you agreed on the loan agreement until the loan reverts to a variable interest rate.  

It protects from sudden hikes  

You will never be affected by sudden rate hikes with fixed-rate loans. As these days the housing market and wages are on the rise, there are possible chances that banks of Australia will increase their official cash rate. But you don't need to take stress because fixed-rate provides the same rate of interest during the life of a loan. You must apply for a loan when the interest rate is at an all-time low. This way, you can benefit from loans even if the rates suddenly rise.  

It offers Financial Security  

Fixed-rate home loans are typically suitable for those looking for more financial security. Homeowners seeking not only affordable repayments but also certainty regarding how they'll be planning their financial budget in the coming years may want to think about taking out the fixed-rate home loan.  

It saves money with predictable repayments  

As discussed earlier, fixed-rate eliminates sudden rate hikes. It means you will be able to save big for a rainy day. With this type of loan, your interest rate usually remains the same for 1-5 years, no matter what is going in the property market. It helps you in the budget plan and saves a lot for other future expenses. 

Why Consult Home Loan Broker?

When it comes to choosing the best home loans in Australia, many of you may get perplexed about attaining that. You can take consultation from Mr Rajan Khatak — a trusted home loan broker in Drummoyne; he has been helping clients to compare different interest rates of lenders and suggest the best one for yourself.  

If you want to open a physical store or expand your business space, getting a commercial real estate loan is worth considering. You can use this type of finance option for any business needs, including a complete purchase, fund improvements for new space, or invest in equipment to grow your business. Even though this option is similar to a residential mortgage, it’s only suitable for business purposes.  

Whether you’re buying or refinancing your home, picking the right lender can have a significant impact on the terms of your loan. The Australian Lenders offer different interest rates and closing costs which can influence how much money you save in the long run.