About Adrian Cross
I have made a career of turning the challenges of property into a truly rewarding experience.
If you are a first home buyer, investor or purchasing for the second time, I will help you to compare loans based on all their features - often the right loan over the long term won’t necessarily be the one with the lowest interest rate.
I have built solid relationships with local professionals that can help you with all aspects of your property purchase - real estate agents, financial planners, solicitors and more.
Getting your home loan sorted out early can ensure you are in the right 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.
First Home Buyers
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 can help you to fill in the paperwork.
Home Loan Deposit
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.
Home Loan Pre-approval
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.
Property Investment Loans
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. Your investment loan package should be tailored to your investment strategy and goals, so I work closely with your financial planner and/or accountant to make that happen. Whether you are an experienced property investor with a big portfolio, or just starting out with your first property, I can help you get the right investment loan for your circumstances.
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
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 your mortgage is something that takes careful consideration. The most important thing to look at, is if refinancing will put you into a better position than you would be if you stuck with your current home loan. I can go through the sums with you to show you the costs involved in changing home loans, as well as your projected costs over a set timeframe for both your current and proposed home loans. And if you decide that refinancing is the right move for you, I will help you complete all the necessary paperwork to make the change.
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.
Remember, if you make only the minimum required repayments, you will end up paying more in interest charges over the life of the loan than if you had left your debts separate. And debt consolidation will not fix the underlying problems, so be sure to get assistance from a financial planner to rectify your financial situation.
Up-graders/New Property Buyers – Bridging Loans
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.
Loan types I can help you with include:
- Home loans
- Investment loans
- Business loans
- Equipment loans
- Car loans
- Commercial loans
- Construction loans
- Personal loans
- Self Managed Superannuation Funds
"I would like to thank Adrian for all his effects regarding my investment loan, after engaging another broker beforehand which became stressful and wonder if it was ever possible, Adrian was able to find a lender that would accommodate my complex situation. Constant communication throughout the process made me feel at ease and well informed. Now even after the loan has settled Adrian is still in contact with me to make sure I understand the process moving forward. So to anyone wishing to work with a broker I highly recommend Adrian for the professionalism and customer service."
- B. L. Jones
"My partner and I dreamt of owning our first home. We had a decent deposit saved, however,we were unsure whether our unusual financial circumstances would persuade a bank to loan us the money.Initially, we were denied the finance from some big banks. This encouraged us to approach Adrian Cross from Loanmarket because we knew he would work hard to make it happen.Adrian helped by exploring a number of different financial institutions and was able to find the right home loan product to best suit our circumstances. Our dream had become a reality. One characteristic I liked about Adrian was his relentless effort and clear communication. I would recommend Adrian to anyone, even if you are in doubt about your ability to purchase."
- Brendan and Kelsey
"Adrian is a lifesaver! We chucked him in deep end with a sinker and he not only got us afloat but back to shore! What we expected should have been an easy process was disrupted by my unexpectedly changing employers and so now the big banks wanted nothing to do with us anymore.
We definitely didn't have the time to be chasing a hundred banks down ourselves but Adrian worked tirelessly to find a lender that would understand our situation and went out of his way to keep us informed and to make sure we understood our choices.
Adrian kept in constant communication throughout the whole process right up to and past settlement. He got us over the line and without him we would still be renting. Hard working, professional, honest & caring – I would recommend Adrian to all who asked!"
- Alana & Ty
"I have known Adrian Cross for a number of years prior to his moving into Finance. I contacted Adrian and we spoke about what I wanted. Dealing with Adrian was extremely easy, pain free and within a couple of days I had I had options to consider.
The communication was excellent and all information was relayed in a timely manner.
Now I have my home loan through Adrian I have another 2 investment properties that he will be doing for me soon. I would recommend going through Adrian for all your loan requirements."
- Andrew Yorston
"I had a particularly complicated application process when applying for my loan and if not for Adrian I think I would have given up.He was such a great communicator, he explained everything thoroughly and followed up immediately on every question or query.
He helped me secure the perfect loan to suit my needs and I cannot thank him enough for the moral support throughout the process. Thanks Adrian, for everything”
- Sue Horn
Is buying cheaper than renting?
While some are set on the great Australian dream of buying their own home, others are content with renting. And in unprecedented market conditions such as the ones we are seeing thanks to COVID-19, it can be hard to know what to do. Read more to find out three things to consider when it comes to buying vs renting.
Support your landlords (and retain them)
Are your landlords experiencing hardship? Here's five ways that I can help! First, I can assist with payment-deferral options for their mortgage. If your landlord’s tenants have lost their job or asked for a rental reduction, I can request a payment-deferral on their mortgage. This is when a lender defers repayments for a period of time.
We break down the shifts
The legacy of COVID-19 will be the digitisation of business. It has forced us all to accelerate our digital plans and to look at ways of operating remotely. So, let’s see how this changes the way we might work together in a post-COVID world.