Home Loans / First Home Buyers

Buying your first home is exciting. It can also seem complex and confusing dealing with financial and legal processes outside your experience.

This is one of the most important decisions you’ll make. We have many experience helping our clients in this area.  

This means taking a good look at your total income as well as all your financial commitments and savings. You’ll need to have your finances approved before you can make an offer on your first home.

We’ll provide you with all the options and support you need to make the best final decision, and get the keys to your first home. 

Best of all, we don’t charge you a fee to use our service as we are paid by the lender when your home loan settles.  That means our focus is solely on finding you a competitive home loan that’s the right fit for you.

Here is what we can do for you:  

- Educating you on where to buy a property 

- Helping you negotiate on the property

- To structure your loan 

- To educate you about the terms and conditions you need to have in the contract 

- Educating you about all the extra costs and hidden fees involved 

- Estimating the repayments 

- To help avoid unwanted surprises so that they don’t take a toll on your budget - Educating on why do you need pre-approval 

- Helping you pay off your home loan earlier

Talk our friendly and professional team of mortgage brokers today! 

Whether you are a first-time investor or a seasoned investor with a large portfolio, we can help you with your strategy, compare potential investment loans and find the right property investment loan that will maximise your return.

We believe property investing can be a great way to build wealth and a passive income to support your future. With smart property investment you can achieve financial freedom and have the choice about when and how you retire!

We will review a range of different lenders on your behalf, to see who will be the most suitable(often it is not your current bank).

We will guide you through from the start, to a successful outcome when your loan settles.

Building a home is a complex process that involves multiple parties including Builder, Lenders, Solicitors. With so many people involved in the process, there’s always the possibility of a communication breakdown and things may go wrong.

we can help you secure Construction Loan Finance so you can build the home of your dreams.  Your dedicated broker will take care of every aspect of the construction progress payment process to ensure that everything runs as smoothly as possible during the construction phase of building your property.

What are Construction Loans? 

Construction Loans are specifically designed for people building a property.  A construction loan is a progress based loan, where instead of receiving the full loan at once, amounts are received at specific points throughout stages of the construction process.  

The good thing about this is that you only pay interest on the amount you have drawn.  This means you don’t begin making full repayments until your house is complete.  

How Building Loans Work ?

When it comes to construction loans then the amount isn’t given in lump sum instead, it is given in portions as the construction works progress, which is known as progress payments or draw-downs.  

With every stage of construction the next portion of the loan can be drawn down. Before, the progress payments, there has to be made a deposit or down payment to cover the initial cost of the material required to start constructions.  

Post the deposit, there are 5 stages in which the progressive payments are received:   

- First Stage: Slab down or Base 

- Second Stage: Frame 

- Third Stage: Lock-up 

- Fourth Stage: Fixing or Fit-out (roof) 

- Fifth Stage: Completion (lock up) 

The build process can be grouped into 4 steps:  

- Building contact 

- Building plan 

- Council approval 

- Quotation

The beauty of working with the team at EZ Financing is we can find the most suitable loan for your situation.

We can help you refinance, whether it’s for your existing home loan or if you’re looking to switch from another bank.

How does refinancing work?

‘Refinancing’ means taking out a new home loan with a different lender to replace your current loan. Sure, it can mean filling out some paperwork just as you did when you applied for your old home loan, but a small effort can reap big rewards.  That’s because plenty of lenders are saving their cheapest rates for new customers. By sticking with your old home loan you could be paying a costly home loan loyalty tax – money that comes straight out of your pocket and into your lender’s.

When and why should you refinance?

If you’ve only recently taken out your home loan, you can be confident your EZ Financing broker recommended the loan best suited to your needs – and you’ve got a pretty good deal.  

However, home loans should never be a ‘set and forget’ part of your life.  That’s why EZ Financing brokers offer each customer an annual home loan review. If you’ve had the same loan for several years or longer it’s definitely time to see how it stacks up against the broader mortgage market. 

Chances are you could save with a lower rate.  Refinancing isn’t just about scoring savings. It can also help you achieve important personal goals.  

Switching to a new loan can be a way to access home equity, providing low cost funds to buy a new car, renovate your home, or invest in a rental property.  

Refinancing can also help if you’re juggling multiple debts. Folding a variety of different debts into a single home loan means making just one repayment each month. And, as your home loan is likely to have the lowest interest rate of all your debts, consolidating your debts this way can lower your total monthly repayments.

We Will Assist You To Make Sure You Are Choosing a Product That Suits You 

We won’t just choose the lowest interest rate for you, we will sit down with you and discuss your financial wishes for the future ie – wishing to purchase an investment property down the tracking, understanding that you may need to go as a guarantor in a few years, wanting to retire at a certain time.   

We will also, run an analysis to ensure it is worth and beneficial for you to refinance your loan. If we cannot get a better result for you, we will always be upfront and tell you.

So you’ve decided to renovate your home but undoubtedly have a lot of questions about how to fund it.  You might be wondering how much you can spend, what you can afford to repay, whether the bank lends you enough to pay for your renovation and how you pay the builder.

We will show you how to get your finances ready to apply for a loan and advise you how to manage your budget through the renovation.

Ways to finance your renovation: 

1. Construction Finance A home loan designed to suit your major renovation project: Looking at rebuilding or expanding your home, or doing other major renovations?  You may want a new home loan specifically designed for financing a construction project. With most home loans, you borrow a single lump sum at the start. With construction financing, your home loan is paid out out in what are called ‘progress payments’

2. Add Loans Financing that ‘tops up’ your existing home loan: Existing variable rate home loan customers can consider an "Add Loan" this will increase the amount of your current home loan by the amount of your renovation financing, subject to credit approval.  Your repayment amount will increase, but your loan term and type won’t change. It’s easy to manage and you’ll have all the benefits of your current home loan built-in.

3. Equity Financing A new loan based on your current home equity: Your home equity is the difference between your home’s value and the balance of your mortgage. With an Equity Loan, you can use your equity to take out an additional loan.  By keeping your renovation financing separate from your current home loan, it can be easier to track and manage your reno costs. Plus, with a new Equity Loan, you can choose a different type of loan to your current home loan.

Debt consolidation is the process of folding or consolidating a number of different debts into a single loan to help improve your overall finances and better manage your repayments. 

Debt consolidation could be a good choice if you are struggling to manage several debts including credit cards. It may also be the right option for you if you want to reduce monthly repayments and lock in a lower interest rate. 

An option when looking to consolidate debts is to refinance your home loan. The interest rate on a home loan is likely to be lower than the rate you'll pay on other types of debt. Using your mortgage home loan for debt consolidation could mean a reduction in your overall monthly repayments.

Banks just love to make it hard for anyone with a business to borrow money. They want tax returns, notices of assessment and then letters from your accountant, making applying for a loan incredibly difficult. 

To get a self-employed home loan, the majority of lenders require you to be self-employed for at least two to three years, however some can consider people who have been self-employed for only one year. If you self-employed less than a year, you still able to borrow. 

Please give us a call and we will give you more information.        

Mortgage Protection With all the excitement of purchasing your new home, investment property or even restructuring your existing finances it is extremely important that we also discuss with you mortgage protection.  

What happens if something unforeseen was to happen to you or your partner?  Could you survive off one income?  

How would you make home loan repayments?  At EZ Financing not only do we support you with finding finance but we ensure that you have protection in place to help you if something unforeseen was to happen to you or your partner so you can retain your family home or investment property in the event of illness or worst case death.  

To find out more information get in contact with EZ Financing today to protect your loan and yourself.      

With all the excitement of purchasing your new home, investment property or even restructuring your existing finances it is extremely important that we you understand the legal responsibility of having your asset insured.  

We have a relationship with Allianz, they can discuss with you not only your Home Insurance but also Car Insurance, Landlord Insurance and Contents Insurance.  

All you have to do is call 1300 737 894

Advice the staff broker code number: 14118CH so you can get the discounts.