When an average Australian feels sick, they go to a GP and if their situation is pretty standard, that GP finds them a solution. However when they have a unique issue that requires a level of expertise beyond the powers of that regular GP, they are referred to a specialist. Sure, the GP may have a good general understanding of the illness, but it takes someone who has dedicated their professional life to having the absolute BEST understanding of that area of medicine to get the patient the outcome that they need.
It’s similar when it comes to buying property. A first home buyer, upgrader, or any other would-be owner-occupier can visit a mortgage broker and find out the loan product that suits them.
It’s a simple fix. The broker has relationships with a number of lenders, they can negotiate interest rate deals with them and recognise aspects of a customer’s finance that may be the difference between getting a loan approved or rejected and make sure the necessary elements are in place before an application is made. They can then prescribe the lender best suited to the client (out of the ones in their ledger) for this particular property purchase. In short, they have a great general understanding of the mortgage world.
See a specialist
There is nothing wrong with a good broker, but not all will take the time to analyse whether the short term loan solution they are offering up is actually the best strategy for your long term goals. So, if you’re a budding investor who wants to make a purchase now, without affecting a long term goal to buy 6, 10, 20 or even more properties, a regular mortgage broker may not cut the mustard. You will need to see a specialist… a financial strategist.
A financial strategist can help you focus on the long game. You may want to buy your first investment property and quickly release equity to also pick up your second. A financial strategist can show you how to do this without running into problems in the future when you want to be financing properties 6, 7 and beyond.
Financial strategists can help you build a debt strategy; which is a plan for both accumulating debt and then removing it in the following years to free you up for further investments. They can help you with ways to structure your debt so that banks will be open to keeping on lending you money. They can educate you on features that you may not have known existed, such as security swaps, portable loans, the best ways to use debt to maximize cashflow and minimize tax and even the odd tweak that could take you forward after being stuck with one or two properties only in your portfolio.
The ability to keep moving forward and expanding now will see benefits compounded by being more invested for longer and allow you to live life on your own terms in the future.
Talk to Zinger
At Zinger Finance we have a team of strategists that specialises in helping clients build large property portfolios. We can assist everyone from first timers right up to sophisticated property investors. The Property Investor Program includes a free financial health check; advice on how to reduce debt, free up equity and leverage assets; a long term financial strategy with a step-by-step action plan; ongoing care in the form of regular portfolio reviews to make smart adjustments when interest rates, laws, policies and regulations change; and a raft of other features. You can find us at zingerfinance.com.au, by calling the office on 1300 367 925, or emailing the team at firstname.lastname@example.org.