Navigating finance

Finance Cafe can source finance that matches your requirements from a panel of over 30 residential and commercial lending institutions and including specialised private lenders.

How lending institutions assess the merit of your application varies significantly. If you have already approached a lender and been disappointed it probably means you haven't approached the `right' lender who can offer a finance solution suited to your circumstances. Talk to a finance specialist. Finance Cafe can help you identify your options and obtain finance that matches your specific needs or simply refinance an existing loan into another that offers greater benefits to you. Many people find that it is far more convenient to engage a finance broker to guide them through the maze of choice and let an expert do the shopping for them.

1. Plain & Simple Loans (basic, P&I and IO loans with low interest rates)
   This range of low rate home loans is best suited to homebuyers and investors who only require a basic loan facility with the emphasis on low rates and are prepared to sacrifice flexibility for rate.
2. Line of Credit/100% Offset (advanced loan features which offer superior debt management)
   Suitable for borrowers wanting to release equity for personal or investment purposes, eliminate debt quickly and take full control of their finances.
• direct salary crediting
• secured or unsecured visa card
• Internet and telephone banking
• cheque book
• auto sweep of Visa
3. Non-conforming (for people with special needs)
   Finance solutions for people who do not meet traditional lending criteria -
• impaired credit history (defaults, bankruptcy)
• variable work history (numerous jobs over previous 3 years, periods of unemployment)
• recent immigrants (people who do not have permanent residency or Australian citizenship)
• Australian expatriates (Australian citizens living and working overseas)
• New Zealand citizens
• overseas purchasers (Non-Australian citizens)
• company or trust applicants (includes family trusts)
• self-employed persons who cannot provide evidence of income
• self-employed persons who have been in business only a short time (less than 2 years
4. No deposit or 100% plus loans
   A useful leverage tool for both home-buyers and property investors. Many loan products require a 5% to 10 % deposit. Most line of credit facilities require even more, 20%. Home buyers and investors with strong personal or business cashflow can control property with very little cash contribution. Full verification of income applicants only.
   
   Refinance. 100%  type loans are useful to home owners who want to access the maximum existing equity in their property. By refinancing at 100% they can convert their equity to cash for other purposes.
   
   Property investment purchases. 100% loans are also useful for property investment purchases. If you are short of the required deposit or equity this can be an effective financing solution to take advantage of an opportunity.
   
   First Home Buyers can find this type of loan helpful if their current savings are insufficient and do not have the mandatory 6 months savings history or deposit required by most lenders.
5. Land only
   Various loan options are available depending on the property's location, size, zoning, availability of public utilities such as town water, power or sewerage.
• residential
• rural residential
• industrial and commercial
• rural zoning
6. Construction loans
   Available for investment and owner-occupiers.  Up to 100% LVR. Also available to self-employed purchasers seeking a non-verification of income loan ("no/lo doc").  See commercial finance options for development finance solutions.
7. Bridging finance

Finance Cafe Pty Ltd  ABN: 43 113 855 173

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