DEBT MANAGEMENT

 

HOME BUYERS

PROPERTY INVESTORS

If you are looking to build your new home rather than buy an existing property, you need a different type of home loan known as a construction loan. A construction loan can also suit you if you are making major renovations to your existing home or to a property you have bought but which needs a bit, or a lot, of work before you call it home.

 

Common questions to consider

 

  • Am I better off renting than buying?
  • I really want my own place. How much do I need?
  • How much can I borrow?
  • How much deposit will I need?
  • What additional costs will I be up for when I buy a place of my own?
  • I’ve heard that there are concessions for first homebuyers?
  • I’ve done all the numbers and even with the concessions, I still don’t have enough. How do I get my deposit together?
  • What should I do with my money while I try to accumulate a bigger deposit?
  • What types of loans are available?
  • What should I look for in a loan?
  • How do I find the right mortgage for me?

 

How we can help

 

  • Work out how much you can borrow based on current financial commitments.
  • Calculate the deposit you are likely to need.
  • Identify options to save for a deposit in the timeframe you set.
  • Set a budget to cover your mortgage commitments when you have purchased your property.
  • Review, recommend and organise appropriate insurances.
  • Recommend if you need to create or review your Will.

For many, once the family home is paid off – or a reasonable amount of it – they start to look at other ways of building wealth. Often their first thought is an investment property.

Some questions you may wish to consider include:

 

  • Is it better to put all my spare money into paying off my mortgage or should I consider other investments?
  • Am I better to invest my extra money in property or shares?
  • Are there tax advantages to owning an investment property?
  • Do I have to pay tax on an investment property?
  • Can I buy property inside a Self Managed Super Fund?
  • Am I better off investing directly in property or managed funds?

 

How we can help

 

  • Identify options to fund an investment property.
  • Look at realistic amounts you can borrow based on your current financial commitments and plans.
  • Set a budget to cover your mortgage commitments.
  • Advise on strategies to minimise tax.
  • Review, recommend and organise appropriate insurances.
  • Recommend if you need to create or review your Will.

 

 

 

Finance Brokers

The Finance Brokers Association of Australia (FBAA) is a national association representing finance and mortgage loan writers throughout Australia.

AMP Financial Planner

AMP Accredited Financial Planners have been helping Australians by delivering the right balance of security and performance for over 160 years.

Tax Practitioners Board

The Tax Practitioners Board provides an overview of our continuing professional education requirements for tax agents, BAS agents and tax (financial) advisers

Australian Finance Group

AFG is now one of the largest providers of mortgage broking services in the country, offering more than 1,400 financial products from Australia’s leading lenders.

© 2018 MINT FINANCIAL SOLUTIONS PTY LTD is a Corporate Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited ABN 89 051 208 327 Australian Financial Services Licence 232706 and Australian Credit Licence 232706.

For further details including the financial services we can offer you and how we are remunerated, please read the Financial Services & Credit Guide (PDF 320 KB). Any advice contained in this document is of a general nature only and does not constitute personal financial product advice. In preparing the advice no account was taken of the objectives, financial situation or needs of any particular person. Therefore, before making any decision, readers should consider the appropriateness of the advice with regard to their particular objectives, financial situation and needs. Please read our Privacy Policy and Terms and conditions