Financial well being is available to all
We know so many amazing entrepreneurs with fantastic businesses that struggle with financial information. It is not something we are taught at school, and yet to apply for finance we are expected to understand if we are profitable, what entity to borrow in, how much to borrow, and over what term. Let us look after the financial stuff so you can focus on what you do best, your business.
Your home will likely be your biggest financial investment so it is something you want to get right. We guide you through the entire process from calculating your borrowing capacity, reviewing your loan options, obtaining finance right through until settlement and beyond. Applying for finance can be overwhelming, so let us support you from start to finish. There are currently lots of incentives available to assist first home buyers enter the market, so engaging us from the start ensures you won’t miss out on any of these potential benefits. Not all banks offer them, so it is important you are considering a bank that is the right fit for your personal situation.
Are you looking at building a home, or perhaps just making some non-structural renovations to your existing home. The type of work you are looking at doing will determine what type of loan and information you need to provide to the bank. Not all renovations need to be done as construction loans where the bank controls who is paid and when. Not all banks offer a construction loan product, and many have differing rules around the type of home you can build, the land size it is built on, or how much you can borrow against the value of the build. It is really important to review your loan options prior to signing a build contract so you know what your options are.
Our Services
With interest rates on a steady incline and no end in sight there has never been a more important time to review your current banking arrangements. Most people have a tendency to set and forget, meaning once the loan is in place life moves along and we assume the bank will do the right thing by us. Unfortunately, it is regularly the opposite, often the longer you are with a bank the higher your interest rate creeps upward. In many instances a refinance won’t be necessary as we can negotiate with your existing bank to get the rate reduced or view other products. This may be a time to explore and alternate solution.
Several lenders on our panel regularly offer refinance rebates, where a bank pays a lump sum at settlement to cover your costs to move. In these cases being proactive about regularly reviewing your mortgage can result in not only reducing your interest rate and monthly loan repayments, but receiving a cash bonus in excess of your costs to move. Every time interest rates increase, your borrowing capacity decreases so don’t leave it until you are in a position where you are trapped at your current bank.
With higher interest rates and increased costs of living, monthly cashflow for many households is tight. Debt consolidation is a process whereby you combine your existing debts into your home loan. This can have several benefits such as reducing the amount of repayments you need to make every month, reducing the reduce the annual interest rate.
Different stages of business require differing finance solutions. Whether you are a start-up business seeking a cash injection, or established business looking to expand we can work with you to explore options. There are a myriad of options in the commercial space including short-term cash flow finance, debtor finance, overdraft facilities, term loans, trade facilities, equipment finance and more. We work with your team (Directors/Accountants/Financial Planners and Lawyers) to ensure the funding is structured correctly and a great long term solution.
Looking into the purchase of a caravan or boat, we can also assist with this. Depending on how much you are looking to spend we can source you a secured loan, or an unsecured personal loan through multiple lenders. Each lender has a unique appetite for specific assets and clients so use our expertise to ensure you are approaching the right lender the first time.
Sometimes you might need funds in a hurry for non-budgeted event, or perhaps you just want to take a holiday, or purchase a new toy such as a jet ski or motorbike. We have several lenders on our panel that offer quick unsecured personal loans for such events.
SMSF’s can borrow funds through a limited recourse loan and a trust to purchase both commercial and residential property. When helping clients with SMSF lending we work closely with our clients’ financial planners to create a seamless process from SMSF set up to settlement. If you currently have an SMSF loan that has been in place for 2 years we are also able to review and refinance the loan to ensure you are paying a competitive rate.
First Home Buyers
Asset Finance
Self Employed
Whether you are looking for a new car for personal or business we have multiple lender options available for consideration. Let us help you understand your options. The key to obtaining competitive motor vehicle finance is knowing what questions to ask and understanding the different fees and charges. Just like obtaining a pre-approval for your home, we can obtain pre-approval for your car purchase. Additionally, we also have access to a free car buying service via a partnership with Premium Car Buying Service . Take the hassle out of dealing with a car dealership and let an expert not only source the vehicle, but negotiate its purchase on your behalf, Australia wide.
Commercial Loans
Construction & Renovation Loans
Debt Consolidation
Refinancing
Personal Loans
Self- Managed Superannuation Funds (SMSF)
Motor Vehicle Loans
Investors
Changing market conditions over the last couple of years have made this an ideal time for many to consider entering the property market as an investor. Increased property valuations may mean you now have equity in your home that will allow you to purchase an investment property without the need to contribute any cash, known as leveraging.
Investment loans are generally structured differently to home loans, with interest only repayments to maximise tax deductibility. With rent at an all time high it is possible to make a positively geared purchase (where your rental income for a property is more than your costs relating to that property).
“We had a complicated situation which Solstice Finance made it simple.”
— JANELLA & GEORGE, MELBOURNE
