Helping a young couple with their first home purchase

Scenario: Our client was a first home owner grant eligible (FHOG) buyer, looking to purchase a property at auction. The clients had diligently saved for their deposit and found the time was right to make the move to secure their first home. Solution: Firstly, the director of First in Finance, Bronko Kozel assessed the client’s ability to service the facility and deposit requirements together with FHOG. After several discussions with key lenders, a suitable lender was sourced who was able to assess and provide a pre-approval comfort letter which enabled the clients to attend an auction with the comfort of…

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How a Mortgage Broker helped a regional couple get back on their feet

Background: First In Finance are an established, independent mortgage broker who were approached by a couple who had a mortgage with a major bank. They’d previously also ran a business in country NSW back in 2013, and suffered a significant loss on a job for a client that never paid up and was owed $60k. This decimated their business and they couldn’t get payment for the invoice and had creditors building up and couldn’t recover from it. Suppliers then were owed money and adverse credit history was established, through no fault of their own. They then spent the next few years working…

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How To Survive The ATO Debt Crack Down

Recently the Australian Taxation Office announced that they will become tougher with outstanding debts. From 1st July 2017 the ATO began passing on debt to credit agencies.   What ATO Debts are being affected? SMEs with tax debts that are more than 90 days overdue, that are not in dispute and where there are no Payment arrangements in place with the ATO are being prioritised. Initially, the ATO will only disclose the tax debt position of businesses with an ABN and with a tax debt of more than $10K that is overdue by 90 days.   What does it mean…

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How Foreign Buyers Can Still Invest In Australian Property

According to the 2014 Economist Intelligence Unit Survey, Melbourne has been chosen as the world’s most liveable city for the fourth time in a row. Other Australian cities like Adelaide (5th), Sydney (7th) and Perth (9th) have also made it in the top 10. Health care, infrastructure, education – Melbourne received perfect scores for all three, making it a top choice for foreign investors and migrants. Who’s buying Australian property? The strongest demand has come from buyers located in China, Singapore, Hong Kong, USA and Canada, with support from Korean, Malaysian, South African and Middle Eastern foreign nationals.   Why…

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Property Investment Loans for Non-residents and Foreign Nationals

Australian real estate continues to be an attractive investment for non-residents, foreign nationals and Australian residents living and working overseas. These buyers will now find it difficult to access finance for Property in Australia from the major banks. If you are a non-resident, foreign national or an Australian living and working overseas, First in Finance can help you secure an investment loan (subject to credit assessment). We can design a Property Investment Loan to suit you including: Loans for non-resident borrowers looking to invest in Australia real estate with Foreign Investment review board approval (FIRB) Loans for Purchase or refinance…

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Why Shartu Wealth chose to trust First In Finance with their clients

Background Shartru Wealth are an established Financial Planning Firm specialising in providing advice to clients specifically around Self Managed Super Funds.  They were introduced to First In Finance by another financial services firm after expressing dissatisfaction with brokers who weren’t responsive enough to their clients and who had limited skills and experience when it came to more complex financial transactions. They had been dealing with other brokers and were finding that they weren’t responsive enough and couldn’t deal with more complex financial transactions for their clients.  First in Finance met with the partners at Shartru and Keira and agreed that…

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First In Finance Welcomes Peter Cutajar To The Team

Peter Cutajar has more than 25 years experience in property and finance. He has worked in all facets of property matters all over Sydney and in many parts of Australia. Peter has held several senior positions with two of America’s largest title insurance companies dealing with various types of real estate transactions. He has held other senior positions in property and finance companies in Australia. Peter has worked with the National Australia Bank as a Senior Partner in the Business Bank, as Director at Capital Office in the Ultra High Net Worth Division and also as Director of Business Development…

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How you can access affordable Investment property and Interest Only finance

Recently the major banks have been forced by government regulators to tighten lending policies for investment property. Rates have increased on Investment property loans and Interest only home loans of up to 0.27% across variable rate investment property loan. Loan to value ratios have also changed with borrowers now needing 20% of the purchase price for a deposit. There is an alternative for affordable Investment Property Finance With a shortage of housing in certain areas and strong property prices, property is still a great investment. First in Finance can provide investment property loans requiring a 10% – 15% deposit depending…

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How First in Finance Helped a Client Consolidate and Pay Out Debts. Debt Consolidation Refinance.

The Scenario Following a recent settlement for a First in Finance client, that client referred us onto close friends of theirs and highly recommended that they talk to First in Finance to discuss a solution to consolidate their debts. We originally met in June 2015 to discuss what they were trying to achieve and what their requirements were. They had seven debts to consolidate which over time put a significant amount of pressure on the couple. In particular there was an ATO payment plan in place which the client wanted to clear in total. The Solution We went about gathering…

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