About Liz Henderson
I love helping my clients reach their financial goals, and pride myself on offering exceptional customer service. In an industry that is prone to change and has the potential to be confusing for both new and experienced borrowers, my expertise will help you choose the right home loan for your individual circumstances.
Potential Discounts on Your Home Loan
Working in the Drummoyne area, where homes and investment properties tend to be in a higher price bracket, I have experience in larger home loans and negotiating at least a 1% discount off the standard variable rate is a common exercise for me. Allow me to find out if I can secure you a more competitive finance package than what your bank has on offer.
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 will help you to fill in the paperwork. I find assisting first home buyers is especially rewarding - it's a great feeling helping them achieve such a significant financial goal.
Loans for Investors
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. One of my clients made $60,000 on one of his investments within the first year, which enabled him to purchase a second property through the equity he had gained.
Standard Variable Home Loans
Standard variable loans are the most often secured loans because of their flexibility; the interest rate applied to a standard variable rate loan fluctuates over time depending on the official Reserve Bank interest rate and your lender's interest rate settings.
Fixed Rate Home Loans
Fixed rate home loans mean that the rate and loan repayments are fixed for a set term, usually between one year and ten years. If you require certainty of repayments, this type of loan will suit you. At the end of a fixed term, the loan will roll over to a standard variable rate home loan unless you have negotiated otherwise with your lender.
Combination or Split Homes
Combination or split home loans allow you to take part of your loan as a variable rate loan and the remaining portion as a fixed rate loan. This loan is ideal when you want to take advantage of the flexibility of the variable rate loans and the certainty of fixed rate loans. Combination/split loans ensure some level of repayment consistency, but also the option to make additional repayments to reduce your loan balance.
Line of Credit /Equity Loans
A line of credit or revolving credit home loan, also known as an equity loan, is a loan facility secured by a residential property, which allows you to withdraw funds up to a set limit at any time. Generally a line of credit is an interest-only loan, and in some cases you may be able to capitalise the interest payments. Experienced investors often use this type of loan, particularly when expanding a property portfolio.
Low Documentation Loans
Low documentation loans or 'low doc' home loans require very little income documentation to secure approval. However, the less documentation you provide, the higher the interest rate on the loan is likely to be. This type of loan is most often secured for self employed borrowers.
Non Conforming Loans
Non Conforming home loans are designed to meet the needs of borrowers who do not meet the criteria of mainstream lenders, including those who are credit-impaired, older borrowers, new residents and seasonal or casual workers.
Isho and Associates Solicitors
310 Prairievale Rd Prairiewood 2176
Phone: (02) 97574081
Fotea and Associates Conveyancers
16 Rowelly Rd 2046
Phone: (02) 97125899
Inner West Sydney Customers
My service is fully mobile and I will meet you at a time most convenient for you. The majority of my customers are based in western Sydney, around Drummoyne, Five Dock, Abbotsford, Russell Lea, Wetherill Park, Bossley Park, Edensor Park, Abbotsbury, Smithfiled and Bonny Rigg.