Frequently Asked Questions About Private Lending and Mortgage Investment

First talk to one of our lending specialists, who will review your situation based on your income, assets, funds available, and specific requirements. Our lending specialist will then request the required supporting documentation and assess your application. We are here and to help guide you through this process.

You can do this by phone or email or press apply now.

Applying for a loan is easy once you know the steps.

First of all we need to know all about you and your specific needs. We do this via an Application form or you can Apply Online. Your application then gets assessed by one of our qualified lending specialists, to find the most suitable product for you. A Credit Quote and Product Disclosure Document then is issued to you which outlines the proposed loan amount, interest rate, repayments and fees. Once you accept the Credit Quote, our Lender forms are then completed, signed and your application is then submitted with the required supporting documentation. If your application is successful, a conditional approval is issued. The valuation on the property is undertaken. If the valuation report is satisfactory, the credit team then completes assessment of your application and a formal approval is issued.

Principal & Interest means you make repayments against both the original amount borrowed (‘Principal’) and the interest charged. Interest only means that you only make repayments to meet the interest payable (in the short term). You should consult with a financial advisor to determine what best suits your needs and circumstances.

Usually investors choose Interest only repayments to maximise the benefits of negative gearing; that is tax benefits. With interest only repayments you do not pay off the principal (i.e. original amount) borrowed.

You will need to provide suitable identification such as a copy of your driver’s licence and an Australian or International passport, or birth certificate, Medicare card or credit cards.

Absolutely, we recognise that a home loan is simply a means to an end. People need loans for a variety of reasons including business use as it is often the cheapest financing alternative. We are leaders in obtaining business or commercial finance for our clients. Including obtaining second mortgages for a business or commercial purpose.

In some cases, we can give an approval same day, most cases however will take up to 3 days to be pre-approved.

Normally up to 3 days from the signing of mortgage documents in some cases sooner.

No problem. We can help in these circumstances. As long as you have equity in your property we can help.

A non-conforming home loan is a loan offered to borrowers who don’t meet the standard lending criteria of their bank or major lender. These may include applicants who have:

• Poor Credit History including late payments and defaults
• Self Employed – Evidence of income may be difficult to demonstrate
• Recently started a new business – ABN less than 12 months
• Debt consolidation – personal loans or credit cards with late payments
• Mortgage arrears

A low documentation loan (low-doc loan or alt doc), may assist self-employed people who are unable to provide Tax returns or their financials to apply for a loan. We are able to use alternative income verification to asses their eligibility to afford a loan. Such as, BAS Statements, business bank statements or even a letter from the applicants’ Accountant, or a mixture of these.

Private Funding are loans that are funded by Private Investors. This type of funding was historically sourced via Solicitor’s Trust loans, however these days Solicitors are no longer able to offer this service. Instead Private funds are now accessed via specialist brokers or specific Mortgage Funds set up for this purpose of offering loans for business or commercial purposes. Generally these types of loans are assessed mainly on the value of the asset offered as security.

If you have equity in your residential property and it is registered in a corporate entity or you have a bona fide business or commercial purpose, you could qualify for a private loan. If your property is of a commercial nature such as retail, industrial or commercial you could also qualify for a private loan regardless of who owns the property.

Our low doc commercial loans and development loans will make sure you will qualify without all the hassle.

Please contact Stuart Styles to access our Internal Dispute Resolution Scheme, or you can contact AFCA at https://www.afca.org.au or call 1300 56 55 62 to access our External Dispute Resolution Scheme.