Whether you are a first time buyer, an investor or if you are seeking to re-finance an existing loan, Baker Financial offer many options and solutions.

 

 Seeking a Cheap Introductory Rate? Be careful!

Be careful, this can be a trap. Many lenders now have a sting in the second & third year. Normally you can borrow at a substantial discount in the first year, however you usually have to revert to the standard variable rate for the following two years, which could result in you paying much more over the short term. We can show you how to avoid this trap.

 

 Can we improve on your Standard variable rate?

Most lenders have a standard variable rate which is their default rate. If you are on this rate, please give us a call because you can do a lot better. Banks won’t contact you to show you how you can reduce your repayments but we will.

 

 Are you seeking certainty in a Fixed Rate?

With the threat of interest rate increases, it may be prudent to take a part of your mortgage as a fixed rate. We know how to obtain discounts off the fixed rates quoted by the banks. Knowing that your mortgage payments are not going to increase over the next 3, 4 or 5 years certainly lets you sleep at night. We can show you how to best structure your loan using fixed rates.

 

 Have you considered a “Professional” loan?

This is the best kept secret in the market place. Depending on your total loan amount, we can obtain discounts of up to 0.8% off the standard variable rate loans & 0.15% off the fixed rate loans. If you have a combined mortgage of $500,000+, then we can obtain at least a 0.7% discount for you.

 

 Want to help the kids buy a home?

There are loan products that now enable a mum, dad, brother or sister to assist another family member to purchase their own property. Called a Family Assisted Loan, it allows a family member to purchase a property now, rather than having to save the required deposit over the next 2-3 years. It also saves them from paying substantial mortgage insurance costs. Family members can assist with security &/or with servicing the loan. Give us a call to find out how - and you don’t have to guarantee the whole loan.

 

 Need to finance a new property before you sell?

Don’t go down the path of expensive bridging finance. We can show you how to buy that new place now & have 6 months to sell your existing property. This new innovative product could save you thousands as you don’t have to pay high interest rates & you don’t have to panic & sell your existing property quickly.

 

 Are you extending or building from scratch?

Construction loans are available to assist you with extending or building. Make sure you have the right loan structure or you will pay more than you need to.

 

 Unable to prove your income? We can help.

If you are unable to provide documentation to verify your income, a Low Doc Loan may suit you. This fully featured home loan has been specially designed to meet the needs of borrowers who do not meet the Bank’s standard income verification policy, however you must complete a self-assessment of your financial position. Don’t get caught with an expensive Low Doc Loan – we can show qualified borrowers how to obtain a rate lower than the bank’s standard variable rate.

 

 Earning a high income but have little savings?

Then a 100% loan may be the answer. You may be young but have a strong income. This loan has been designed to meet the need of clients with little savings but good cash flow. It allows you to borrow up to 100% of the purchase price. It provides you with a flexible loan, with a choice of fixed or variable rates or a combination of both.