Buying a property should make you feel excited, not overwhelmed
Buying a property is an important and exciting endeavor for most people. Unfortunately, it is also a completely intimidating and stressful experience for many. It is easy to get overwhelmed by the amount of paper work involved, the complex criteria and the daunting numbers. It is extremely important that you understand all aspects of your home loan and are comfortable with it, which is why you should choose a financial institution that you can trust.
Make your property purchase effortless with our home loan brokerage services
At Cooee Wealth Partners, we understand the financial and emotional importance of a property purchase. With our market knowledge, our relationships with leading providers and our negotiating experience, we are well placed to offer you a home loan at competitive rates.
When it comes to a property purchase, your first instinct might be to dash to the nearest bank with a loan application. While this is often the easiest way, it is not always the most efficient way to purchase a house. If you shop around, you might be able to secure loans at lower interest rates and better terms. We do, however, understand that not everyone has the time, expertise or inclination to do this. We strive to take the guesswork out of the process by doing the research on your behalf, considering different solutions and finding a loan that is best suited to your needs. Through our services, we have helped thousands of Australians purchase their very first home as well as expand their property investment portfolio.
Here are some of the things that we can help you with:
Research
Research is the most important part of securing a home loan. With proper research and understanding, you may be able to save thousands of dollars in the long run. Our experts will do the research on your behalf, consider a variety of solutions and recommend the best options for your needs.
Application Process
We help you fill the forms, furnish documents, apply for Government grants and anything else that is part of the application process. We also strive to make sure you understand the process and answer any questions you may have.
Advice
We provide recommendations regarding loan tenures, lenders mortgage insurance, loan structure, eligibility criteria and various other aspects. All this will help you make optimal and informed decisions regarding your home loan.
Refinancing existing loans
The home loan market is becoming more competitive by the day, with providers vying with each other for consumers’ attention. We have our finger on the pulse of the market constantly, and we can help you negotiate a lower interest rate on your mortgage.
Lenders Mortgage Insurance
If your home loan exceeds 80% of the property value, the lender might request a Lenders Mortgage Insurance (LMI). We help you structure your loan such that the cost of LMI is minimized to the extent possible.
Structuring loans for savings
You can potentially save thousands of dollars in the long run by using elements like offset accounts and home loan redraw facilities. An offset account helps to offset the money in your account against the loan balance on a daily basis, thus working continually to reduce your mortgage interest. A home loan redraw facility allows you to access any extra repayments you have made on your home loan over and above the required repayments. Both these strategies can be used in certain circumstances to reduce the mortgage interest and/or loan tenure. Our financial advisers will advise you whether the strategies are suitable for you, and if so, will help you devise a loan structure that utilizes them.
Interest only loans
Again, there are certain circumstances where it might be beneficial for you to pay only the interest on your loan for a certain duration. This depends on your investment objectives, financial situation and other debt obligations. Our advisers will review your overall financial situation and advise you accordingly on the right loan format.
Security guarantors
While your family members may not be able to help you with a deposit on your home purchase, they might be able to help in other ways. For instance, a family member might be able to act as a guarantor for your loan by pledging their home equity as additional security against a portion of your loan. Our advisers will help you understand the implications and benefits of the process and guide you through it.
We will work with you to ensure that you can own the dream house that you always wanted with minimum hassle.