Bhavesh Shah
Mortgage Broker Point Cook, Epping, Melbourne
Home Loans in Epping
Getting your home loan sorted out early can ensure you are in the best position to negotiate for your home on your own terms. And while the home loan application process can seem daunting, it is often simpler than most people think. I have access to home loans from a large range of major banks and secure lenders, and I truly understand home finance in a real estate context.
Being our first home loan and construction we were nervous and excited. Bhavesh made the process smooth, easy and calm. Any problems were sorted out before we even knew they were there. Any phone call was returned promptly if not answered straight away. The guidance and patience with us was brilliant any questions where handled with professionalism and friendliness. Our thoughts of tent pegs soon turned into the dream house we look at today. I am recommending Bhavesh to all of my family and friends looking into buying their first home. Vikram Gohil, Ringwood, VIC
First Home Buyers in Epping
Buying your first home is an exciting experience, but there can be a lot to think about. I make the home loan application process as smooth and easy as possible, so you can concentrate on finding the right home. As part of my service, I will help you to understand the types of home loans available to you as a first home buyer and choose the right one for your situation. If you are eligible for the First Home Owners Grant or any state government first home buyer assistance, I will help you to fill in the paperwork.
I would like to thank Bhavesh Shah for all his help with my finance. I was referred to him by a friend of mine who said he was fantastic and helpful and he was. His flexibility, responsiveness and knowledge were above my expectations. His ability to explain things in simple English and explain why things were needed made my whole experience easier. I am the type of person that can be high maintenance and I am hard to please, but you made getting into debt a stress free and enjoyable experience. I have secured my first home thanks to you. I would have no hesitation in recommending you to anyone. Siddharth Haldikar, Hoppers Crossing, VIC
Home Loan Deposit in Epping
Most banks and lenders will require a minimum deposit of 5 per cent of the value of the property you are purchasing, before they will approve you for a home loan. Depending on the lender and your individual situation, you may be able to fund your deposit from a range of sources, including genuine savings, monetary gifts, inheritances and first home buyer incentives; it is important to note, however, that most lenders will require at least a portion of your deposit to come from genuine savings.
If you don't have the deposit required, you may be able to make use of family equity, also known as a limited guarantor loan. The most common form of family equity is where a family member, usually your parents, offers their existing property as security for a portion of the home loan, generally around 20 per cent.
I had dreamed for years about owning my own home but the whole process seemed completely overwhelming and far beyond my financial reach. Whilst wishfully walking through a display house and seeing all the things I thought I could never have, I was given a card for Bhavesh. I thought I'd give it a go, but prepared myself to be either pressured into something I wasn't able to afford, or to be laughed at for wasting their time. I spoke to Bhavesh Shah and right from the word go I was impressed beyond belief! He told me exactly what paperwork I would need to provide and then made arrangements to come and see me at my own home, after work hours.
Bhavesh walked me through what would happen step by step and what impressed me most was the fact that he was forthright and honest. It was clear that he wasn't going to pressure me into anything I didn't want or couldn't afford. He kept me level headed, prepared and informed. Having never dealt with any aspect of home ownership before, I had many questions and was quite confused by the whole process. Bhavesh answered all of my questions, educated me beyond belief and kept me feeling confident throughout the whole process. He liaised with my land vendors and lawyers and I can quite honestly say that I couldn't have done it without him. Rika Ng, Melbourne, VIC
Home Loan Pre-approval in Epping
Home loan pre-approval is a great way to ensure you know how much you can afford to pay for a property before you even start looking. A written pre-approval can also give you an advantage when you are negotiating on a property with a vendor, as opposed to someone who has no pre-approval or finance in place. A home loan pre-approval is generally valid for about three months, and you will still need a satisfactory valuation on the property you intend to purchase before your pre-approval can progress to a full loan approval.
International Property Investores and Non Resident Home Buyers
Investing in real estate in an international market can often be a very difficult and complicated process considering the need to get approvals from various regulatory authorities and finding the right lender for your personal investment requirement. Different lending policies and qualification criteria are applicable to home buyers who are non-residents working in Australia, or foreign investors looking to invest in the Australian real estate market. I have various lenders on my panel who I have used to secure loans for over 50 non-residential or international clients.
I also guide my clients through the process of getting their approvals from the Foreign Invesment Review Board (FIRB)
Property Investment Loans - Purchase, Off-The-Plan, Construction and Display Homes
Property investment can be a smart wealth creation strategy, if you get it right. And that doesn't just mean finding the right property - you need the right investment finance as well, otherwise you may find yourself throwing money away for nothing.
Whether you already have a substantial investment portfolio, are looking to expand or refinance, or you are a first time investor, there are many excellent borrowing options available to help you secure the highest possible returns from your investment property. With your consent, I can liaise with your accountant or financial planner to ensure your home loans, investment loans and business loans are structured correctly. Not having the right structure in place (ie ownership entity, borrowing entity, type of loan) can easily cost you thousands per annum.
Display Homes are a very specialised area of property investment. I have extensive experience and knowledge on completing settlements of numerous Display Home purchases.
Business/Commercial Loans in Epping
Business and commercial loan options vary depending on whether you are a start-up or existing business. Whether you are buying commercial property, undertaking a property development , expanding your business or need some cash-flow funding, assistance from a good commercial finance broker can be invaluable.
Low Doc Loans for the Self-Employed in Epping
Many self-employed borrowers need a loan that isn't quite standard, mostly because they don't have the full financial history required to get a regular loan. Low documentation, or low doc, loans fulfil the needs of many self-employed borrowers. You'll still need some financial history and paperwork - often about 12 months BAS statements and an ABN that has been active for at least 6-12 months.
Refinancing and Debt Consolidation in Epping
If you're stressed with your existing secured and unsecured debts such as personal loans and rising credit card debts, then talking to me would be the best thing you do. I have helped several clients by simply restructuring or refinancing their existing home loans. Another reason I may recommend you to refinance or resturcture your existing home loan is if you are looking to buy another property for investment or upgrade your home and want use the equity you have built in your home. If you believe refinancing may be the answer for your needs, it's worth talking to me.
We re-financed a seven figure plus amount with Bhavesh Shah that incorporated several different securities. It was a complex transaction which was handled very professionally and efficiently with virtually no effort from us. The deal Bhavesh was able to negotiate was far better than any advertised rate and we couldn't be more happier with the result. We have since used Bhavesh for other projects on a much larger scale with the exact same positive outcome. I have no hesitation in recommending Bhavesh no matter how big or small the transaction. Hendra Nilam & Cicilia Nilam, Point Cook, VIC
Debt consolidation can be a handy solution when you are struggling with repayments on several debts, such as your home loan, credit cards, store cards and personal loans. Debt consolidation works by combining all those debts into your home loan, which is generally the debt with the lowest interest rate. Because the interest rate is lower, and the loan term is usually longer, your monthly repayments will drop, giving you a bit of breathing space.
Upgraders/New Property Buyers - Bridging Loans in Epping
Financing the move from one property to another can be quite stressful, especially if you are yet to sell your home - how do you free up the funds that are tied up in your current property to purchase the next one? A bridging loan can help. With a bridging loan, your lender will use both your current and new property as security and lend you enough to buy your new home.
While you are waiting for the sale and purchase process to be completed on both your current and new property, you make interest only repayments on the loan, or maybe even no repayments at all (called capitalising the interest). Once you have sold your old home, the proceeds go towards paying off your bridging loan. The amount left over, called the end debt, is then transferred to a standard home loan, becoming the home loan on your new property.
- State: Victoria, VIC
- Broker region: Melbourne North
- Suburbs: Point Cook, Epping, Melbourne
- Bhavesh Shah provides mortgage broking services in suburbs including but not limited to: Craigieburn,Caroline Springs,Epping,Footscray,Point Cook,WilliamsLanding,Melbourne,Carnegie,Hawthorn,Tarneit