Shanker Bala
Mortgage Broker Malvern, Hawthorn, Camberwell
Purchasing a property, whether it be your first home, dream home or an investment property can be a daunting task for many people. One of the biggest factors to consider is the financing of that property. There are a myriad of issues to contend with and it is not always as straight-forward as going to your own bank, as many people believe.
There are many home loan, investment loan and other finance products available which may be very suitable for you, but not always easy to find nor understand. It is always helpful to seek assistance from someone you can trust who has been down the path you are heading, to avoid the many pitfalls that lie ahead of you. Just like a Trekking Guide can provide the right direction to a mountain climber, a mortgage or finance broker can provide the same insight to you to help you make a better and wiser decision. It is always your choice but a choice with another, experienced perspective in mind.
That is where I can help you with a free, no obligation consultation, especially with my background as a Chartered Accountant and Registered Tax Agent.
Information and assistance for all loan types
I can help you with information on selecting the right loan for you and the process of how you can best gain the benefit from that finance product. With my tax experience, investors will be able to structure their investments appropriately to maximise the value and grow their portfolio. Initial information regarding cost versus benefit of Trust structures, company ownership, and capital gains ramifications can be covered. But the most important factor is that I will listen to what you want and look for solutions to help you achieve that.
First Home Buyers
Your first home is likely to be the biggest purchase of your life so far. No amount of research can fully prepare you for the property purchase and home loan application experience, so it is always better to have someone to take you through a step-by-step process on what is required to complete this purchase smoothly and get the key in your hands without any hiccups. This is where I can assist you using my experience for your benefit.
Private residential borrowers
Achieving the timely change-over from selling your current property to settling on the new property is always a challenge, particularly if you still have an existing home loan on the old property or are looking at bridging finance. It is critical that costs are kept down during this transition period and my experience can help you immensely in doing so.
Refinancing your property or portfolio
We are always looking for the home loan product out there and all banks claim to have something that looks perfect for you. However, there is a range of factors that need to be considered when making home loan or loan package comparisons, not just the interest rate. Negotiating better rates and the flexibility of funding you need to suit your individual purpose and lifestyle is my main focus.
Investors looking at wealth creation
My background as a Chartered Accountant is the biggest advantage I can provide when assisting investors in creating wealth via a property portfolio, through appropriate tax structures. Effective property investment is not just about negative gearing, but about creating a positive recurring cash flow pipeline over a period of time. Many clients have enjoyed the fruits of their investments a lot more as a result of having the right loan and tax structures in place.
Expatriates and overseas borrowers
Expatriate and overseas borrowers is an ever-growing market, and an understanding of the complexities involved in the use of overseas assets and income streams as part of the home loan application is vital to assisting the client. Having a wide network of people who have migrated to this country has given me a broad knowledge of this area, and working closely with the lenders and proving a client’s credit-worthiness is my strength.
Home loan types and other finance option.
I have knowledge and experience for all sorts of loans the banks offer, whether it be full doc loans, low doc loans, non-conforming loans, commercial loans, personal loans, car finances, bridging finance and deposit bonds. however, I do specialise in low doc loans as I am very much involved with business owners and appreciate how their tax positions are structured.
Individual home loan assistance
I offer a highly-tailored, personal home loan service regardless of your situation. Naturally, the success of the application will depend on the strength of the client, and the loan scenario will be discussed with the potential lender before any application is processed. However, my goal is to assist you to achieve property ownership, so even if you do not currently qualify for a loan I will work with you towards your goal.
I am particularly passionate about helping professionals and business owners in achieving the correct finance funding. I appreciate and understand the nature of business and how the right financial product mix can assist their business growth.
Additional qualifications
Being a member of the Institute of Chartered Accountants in Australia and also a Registered Tax Agent helps me understand the nature of property investment and what many clients are trying to achieve. This in turn allows me to better assist them in the structuring of their property portfolio in the most effective way. Even as clients are purchasing a private home currently, there are many steps that can be put into place to ensure that they are able to build up a property portfolio or even a wealth portolio for themselves in the future, without compromising their current home loan’s effectiveness.
Community involvement
My wife and I are passionate about the difference we can make to people’s lives, especially for those who are unable to take care of themselves due to their circumstances. We are involved with an international charity group called Network of Caring that is very focussed on the needs of some charitable organisations here in Australia. The founders of Network of Caring cover all administration costs and hence 100% of all funds donated goes directly to the deserving charities. This is a very exciting opportunity to be involved in something significant and we are always looking for willing participants to help us grow this global cause.
We also directly sponsor children internationally and look after all their basic necessities and education. This is indeed very rewarding for us to bless other people especially children.
Business community involvement
Having operated my own accounting practice for many years, I appreciate and admire the courage business owners and professionals have in developing their businesses in their chosen fields. As a result, I am happy to link prospective clients or customers who need services to the right business owners and professionals. Networking and referrals are the best way to do business as we are able to assist people in filling their need. This is a win-win approach for everyone concerned.
Customers Melbourne East
I provide home loan services across Melbourne East, including in Malvern, Hawthorn, Camberwell, Surrey Hills, Box Hill, Doncaster, Glen Iris, Caulfield, South Yarra, and Burwood.
- State: Victoria, VIC
- Broker region: Melbourne East
- Suburbs: Malvern, Hawthorn, Camberwell
- Shanker Bala provides mortgage broking services in suburbs including but not limited to: Malvern, Hawthorn, Camberwell, Surrey Hills, Box Hill, Doncaster, Glen Iris, Caulfield, South Yarra, Burwood