Home Loans Sydney-Wide
I 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.
Charles has been helping me with my financial planning for a number of years. I would recommend him highly to anyone who is looking to purchase property and getting their financial matters in order. It’s something some of us tend to overlook but should not given it's importance. He has an in-depth knowledge of the Sydney property market and a wealth of experience tacking the many intricacies when purchasing a property which I found extremely useful. Suresh Rajendra
My Goals When Providing Home Loans Services:
- Understanding: I will ask you questions about your current and future financial situation to understand your top 3 objectives for purchasing a property.
- Cash Flow: I can help you understand how to improve your cash-flow management.
- Loan Structures: I can provide you with options for loan structures that meet your current and future needs
- Borrowing Power: I can help you understand your borrowing capacity, your monthly costs (before and after-tax) and your actual purchase price range.
- Competitive Home Loan Rate: I will negotiate with the lenders to get you a competitive home loan rate and loan structure that suits your needs.
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.
I feel very lucky to have Charles as my financial advisor and home loan broker. Not long after our first interaction, intuition told me "this is the guy I can entrust all my critical financial decisions" and now I am very pleased to see there hasn't been a wiser decision than that.Charles not only explains all the details and shares all his unbiased expert opinions, he also truly cares about my financial well being, one of many examples being that he even takes trouble to help inspect the property and honestly advises against a purchase decision when he doesn't see it to be in my best interest. His unparalleled professionalism, knowledge & skills, integrity and quick turn-around make me confident to recommend him to all my friends. Thank you, Charles! Zhuang Xu
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.