We bring you solutions for your lending needs.
As a mortgage broking company, PFP Lending has access to over 35 different lenders to find the loan that suits your needs. When you come to us for help arranging your finance you can be assured that we will access your full financial needs and recommend a lender that fits your specific circumstances.
It’s hard to understand why anyone would go directly to a bank for a home or investment home loan these days. When you go to a bank, they will give you the option of only their available products which is usually limited to around 5 or so options. We have access to the same products that the banks have, however we have around 35 additional lenders to choose from, not just the one bank. We can therefore show you the option that suits your needs and financial goals. While it is usually interest rates or fees that attracts customers to a bank, sometimes it is not the cheapest rate but it could be the bank with loan conditions, products or services that meets your needs. Whatever it is that you are looking for PFP Lending can assist you to meet your financial requirements.
Mortgage brokers operate under what is known as Best Interest Duty. This ensures that we act in your best interest not ours. We analyse your financial needs, source the best lending options and then present you with our findings. We will compare a number of different lenders to ensure that you get the outcome that suits your individual circumstance.
Quick fact: In the past five years, consumer use of brokers has grown by 27% to 59.1% market share, proving the value of the broker model (MFAA Industry Intelligence Service Report, 7th edn.)
Types of loans.
Getting your first home loan or refinancing your home loan is a big decision. Once you decide on a bank, most clients usually stay with that lender for several years so if you get it wrong from the start it could mean that you seem to be forever regretting your decision. The right bank for you is not necessarily the bank you have used all your life. There are now more choices than ever before and PFP Lending will help you make that right choice.
Every bank has times when they have a stronger appetite for different types of lending and home loans are usually the type of loan the banks want the most. When they want more business, they offer better deals (sometimes deals that are not advertised) and when they have had enough, they take those deals away and offer their normal rates and fees again. As a mortgage broker, the banks are bombarding us daily with special offers for our clients so they can win more business. We analyse these offers and decide which one is best for you, so that you reap the benefits.
If you are looking for a home loan or just looking to refinance, contact us so we can analyse your individual situation to see what’s best for you.
We can also advise you of any Government schemes that might be available to you, including first home owner grants or building grants.
PFP Lending specialises in investment home loans. Because we are also licenced Financial Planners, the majority of our clients have some form of investments that usually includes an investment loan. Just like a home loan, there is plenty of options when choosing the right investment loan for you. It is probably more important to get this type of loan right from the start because there could be tax implications or costly bank fees if you get it wrong.
Whilst fees and interest rates are very important, there are more important aspects to an investment loan to consider. The loan terms are usually more important than the rate because if you get this wrong it can lead to an unaffordable loan that you just can’t maintain, which could lead to you having to sell the property because you can’t afford it any longer. A thorough discussion about your expectations and future requirements needs to be had to make sure you get this right.
Firstly, it is very important to realise that getting a loan in a SMSF is not for everyone. Only after you have sought the appropriate advice from your Financial Planner and he has deemed it to be in your best interest, should you consider borrowing in a SMSF.
Loans to SMSF are generally at a higher interest rate than that of a normal home loan. As a guide, they are usually set at or around the standard variable investment home loan rate, without any professional rate discounts applying. Establishment fees are usually around $2,000 – $3,000 and can vary from lender to lender.
An interest only term of 5 years is sometimes available followed by 25 years as principal and interest.
Even if you don’t have traditional payslip income, we have options for self-employed clients with 2 years ABN history. This includes sole traders, companies, trusts and partnerships.
We may be able to assist with business or commercial lending if using a residential property as security.
At times we are approached by clients who have unfortunately have found themselves in a bad financial situation and are unable to meet their existing repayments on their home loan, credit cards or personal loans. This keeps them awake at night and causes unwanted stress. We have several lenders that will assist with refinancing existing debts that may be in arrears into one debt with lower more manageable repayments. There are usually higher interest rates and establishment fees applicable with this type of lending due to the risk of previous missed repayments however the peace of mind in having your finances under control more than compensates for this.
Looking to build, construction loans are similar to home or investment loan, however not all lenders offer them. Unlike an established property purchase where funds are released in full at settlement, construction loans are released in stages, such as, slab, frame, bricks, etc. This means some lenders may charge higher fees or interest rates to provide a construction loan.
We can even help with the little things, like car and personal loans. Whether you are looking to purchase a new vehicle, boat, holiday, or machinery we can help with lending options, or by referring you onto an asset finance team.
Need Landlords insurance, we are able to arrange a quote on your behalf for landlords insurance through one of our insurance brokers.
