Having joined the finance industry in 2004, Craig has seen a lot over the years!
Craig is a family man with a daughter, two step sons and a beautiful granddaughter. He has a natural empathy for people and that allows him to "put himself in his client's shoes" which sets him apart from other mortgage brokers.
Craig can arrange all levels of finance from home or investment loans, through to commercial and business finance and leasing. Whether you're a first home buyers, professional investors or anyone in between, he recognises that there are people who have experienced considerable financial losses due to being misinformed about all their available finance options. This drives him to ensure that all clients are fully aware of their choices, whilst ensuring that they understand why these are the most suitable options for them.
Home Loans in Phillip
We have access to home loans from a wide panel of major banks and secure lenders, and I truly understand home finance in a real estate context. 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.
Home Loan Deposits
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 owner incentives. However, 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, offers their existing property as security for a portion of the home loan, generally around 20 per cent.
First Home Buyers in Phillip
Buying your first home is an exciting experience, but there is 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 and will assist you in choosing 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 fill in the paperwork.
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 negotiating on a property with a vendor, as opposed to someone who has no pre-approval or finance in place. 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 in Phillip
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. Your investment loan package should be tailored to your investment strategy and goals. I work closely with your financial planner and 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.
Refinancing your mortgage is something that takes careful consideration. The most important thing to look at is if refinancing will place you in a better position than you would be if you stuck with your current 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 in Phillip
Debt consolidation can be a handy solution when you are struggling with repayments on several debts, such as your home loan, credit 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.
Business Loans Commercial Loans
Good business finance is invaluable when purchasing and growing your business. Business and commercial loan options vary depending on whether you are a start-up or existing business. Whether you are buying commercial property, undertaking property development, expanding your business or need some cash-flow funding, assistance from an expert commercial finance broker will be invaluable.
Low Doc Loans for Self-Employed Borrowers in Phillip
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.
Upgraders / 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 - a bridging loan can help free up the funds that are tied up in your current property to purchase the next one. 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 (referred to as capitalising the interest). Once you have sold your old home, the proceeds go towards paying off your bridging loan. The amount left over (known as the end debt) is then transferred to a standard home loan, becoming the home loan on your new property.
Great knowledge of the Finance Market!
Craig is very helpful and couldn't do enough for us. He's very understanding and has great knowledge of the loan market, which helped us tremendously in getting approval.
Emma & Heath - KAMBAH, ACT
Good knowledge /understanding
Emphatic and prompt to answer questions and concerns.
Saiful Ansary - WRIGHT, ACT
Competent & Caring!
Craig was extremely competent & caring.
Tomasz & Elzbieta - SAUDI ARABIA
Couldn't Ask For Better Service!
Craig responded to all questions and communications and kept me in the loop as the loan progressed and also helped me find a good solicitor for the settlement. I couldn't ask for better service!
Carolyn - AMAROO, ACT
You're a Star!
We want to thank you from the bottom of our hearts. You have really saved us from a sticky situation. Thank you for helping us get started with creating our family home.
Oudom & Marinna - CASEY, ACT
Above & Beyond!
Craig was excellent. He went above and beyond to ensure that I was completely satisfied. He resolved all issues that we came across and I felt completely supported and informed in what was happening during the loan process.
Lisa Broadbent - GOULBURN, NSW
Our Dream Has Come True!
Dear Craig, Thank you so much for making our dream come true. I'd be a very happy promoter of Loan Market! A very big thank you and may all the good things come your way.
Meenu - WATSON, ACT
Craig Went The Extra Mile!
My wife and I recently had the pleasure of the services of Craig Butt from Loan Market. From the moment we met Craig we knew we were in safe hands to go through the process of trying to purchase a house. We were both very nervous with how we would go about getting a loan from a bank but from the start Craig was honest and and made us feel so comfortable about this process. Craig went the extra mile with getting us the home loan and also pushing the settlement date as we are going on our honeymoon. Craig's customer service would have to be the *best both of us have ever experienced. If this is possible I would like this passed through to Craig's supervisor because if there was a award for customer service and customer satisfaction, Craig deserves it. Thank you once again Craig for your service and I know we will be referring Craig and Loan Market in the future.
Ben & Marnie - HOLT, ACT
Craig is the best Finance Broker I have come across!
Craig's customer service was 10/10. I have been working in a customer service environment for 10 years and Craig is the best Finance Broker I have come across. I could not say enough how happy we were with Craig's and Loan Markets Service.
Smooth & Easy Process!
Hi Craig, Thanks for the good news! This has happened all so quickly now. Thanks for all your help including Karen, you guys have made this process of buying my first home smooth and easy! Kind regards Paul
Paul C. - BONNER, ACT