I Have Saved Up My Deposit … What Next?

I Have Saved Up My Deposit … What Next?.

If you have saved up a deposit, and are unsure what to do next, you are not alone.

We often get asked “What next?” by borrowers who are ready to start the loan application process but don’t know where to begin.

Assemble your success team.

Whether you are looking to buy your first home or build an investment portfolio, you will greatly benefit from having the right team of professionals around you.

A good accountant, solicitor and buyer’s agent will help you navigate the buying process. They can offer sound advice about structuring and negotiating as well as your rights and responsibilities.

Don’t forget your broker.

When it comes to borrowing, the most important expert you can call on is a finance strategist.

The biggest advantage of using a mortgage broker is that they have access to a wide range of lenders and products.  

If you have specific needs, a broker can hunt down the best type of loan available. If you deal with a bank directly, you will only have access to that bank’s loans. Keep in mind that they may not have what you are looking for.

A good broker will guide you through the loan application process. They will tell you everything you need to do to get the ball rolling.

They will assess your situation and find the most appropriate loan for you to apply for.

This will help you avoid being knocked back by lenders. It will also help increase your chances of success both now and further down the track.


Disclaimer: Please note that the information given in this video blog is only applicable to a number of scenarios and may not be relevant to your financial situation. For more tailored information regarding your own credit report, we would urge you to seek advice from a professional who is privy to your personal circumstances and can give information specific to your financial situation. Please get in contact with our team if you have any questions regarding your own credit report, or would like any help regarding your own finances.

How To Structure Your Home Loans

How To Structure Your Home Loans.

Whether you are purchasing a home or an investment property, it is important to structure your home loans correctly. This will help you get the most out of your borrowing power over the long term, and ensure you can take action to achieve your financial goals through property.

Things we consider when looking at loan structuring.

At Zinger, we consider loan structuring to be a crucial part of every property purchase. We look at the following aspects when helping our clients get finance:

1) Are we declaring the right debt?

2) Are we over or under declaring owner occupier versus investment debt?

3) Are there any accounting benefits to what the client’s current structure holds.

Structuring doesn’t end after the first purchase.

While it is important to get your structure right from day one, it is also important to revisit it during every purchase you make. 

If you are building a property portfolio, structuring is something that could either help you move forward or hold you back.

Just as a good property investor will constantly review their strategy, a savvy borrower will reassess their loan structure at every step of the way.

Restructuring your loans.

One thing we look at with clients who have become stuck in their current structure, is whether restructuring will help. 

We have helped lots of people who couldn’t move forward with their property investing by reassessing their situation. 

One of our clients had a fairly large investment portfolio as well as a home that they were paying off. 

We went back to when the initial loan was set up and reviewed their accounting information. 

We were then able to restructure their existing portfolio and free up their position. This allowed them to continue on their investing journey.

If you are unsure about how to structure your home loans, the best thing you can do is talk with a broker who specialises in this. Not all brokers put time and effort into setting up loans in the best way for their clients, so make sure you choose one who will listen to your goals and help you tailor a strategy for success.


Disclaimer: Please note that the information given in this video blog is only applicable to a number of scenarios and may not be relevant to your financial situation. For more tailored information regarding your own credit report, we would urge you to seek advice from a professional who is privy to your personal circumstances and can give information specific to your financial situation. Please get in contact with our team if you have any questions regarding your own credit report, or would like any help regarding your own finances.

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Norwest Macarthur Point, Suite 118, Level 1, 25 Solent Circuit, Bella Vista NSW 2153

Zinger Finance can find a solution, no matter what your finance needs are. If we can’t help, we will find you someone who can!

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