Why Thousands Trust AUSUN
Choosing AUSUN Finance means choosing a partner that understands your financial journey and is committed to helping you succeed. Here’s why clients trust us as their finance broker in Melbourne
Pre Approval
What is a pre-approval?
Pre-approval is an indication from a lender that you’re eligible to apply for a home loan up to a certain limit. You’re under no obligation to take the loan, and the lender has no obligation to lend you that amount, but it can show sellers you’re serious about buying and that you’re confident you can afford the property.
Key advantages of getting for a pre-approval:
- Provide a price range of the properties you should be looking for.
- Setting your optimal budget upfront.
- Confidence when negotiating your purchase or going for an auction.
- Saving time on the formal loan application after your purchase as some of the work has already been done, so it’s a lot easier and quicker to get the loan application formally approved.
New Purchase Finance
Buying your first home or a new investment property?
We understand buying your first home is one of your top priorities. As it is probably your first time buying a property and looking for a loan product, you may feel unsure where to start. For an investment purchase, it’s also critical to understand the return the property will provide as well as the interest and fees that you will be paying so you can have a clear picture of the overall ROI of the investment.
We provide our clients with many options including loan structure design, flexible payment, interest only, increased loan term as well as low rates, from the most competitive lenders in the marketplace.
- We will compare over 50 lenders in our panel to find the most suitable loan for you.
- For first home buyers, who might be tight on savings. In such circumstances, we will explain how Lender’s Mortgage Insurance works and whether this cost applies to you.
- We will let you know whether you are able to access any government assistance or concessions, such as First Home Owner Grant etc.
- After determining the right lender and product for you, we will let you know what are the documents that are required for the loan application.
- We will take care of your home loan application from start to end. You can rest assured to have the most smooth loan application you can expect.
AUSUN Finance will be with you every step of the way making your first home buying experience a pleasure.
Refinance
When should you consider a refinance?
Have you asked yourself the following questions?
- Has your home loan needs changed over time? Is your existing loan still the best one for you?
- Would you like to consolidate other types of debts by borrowing more from the equity you gained in your home or investment property?
- Are the interest rate and fees that you are paying for your existing home loan still competitive in the market?
If the answer is YES to any of the questions above, you might take some time to think about refinancing.
How we can help you with refinancing:
- We will help you review your latest home loan needs and any considerations on refinancing.
- Determine the best loan product in the market for you, and very importantly discuss with you the benefits of refinancing to the product as well as your overall refinancing cost.
- Handled the paperwork of your refinances application from start to finish.
Construction Loan
What is a construction loan?
A construction loan is a mortgage loan product designed for those who are would like to a new home or investment property. It generally works as below:
- You have purchased a vacant land or a land with an old house to be demolished, and then you have arranged with a builder to build a house on it in an agreed timeframe. The builder would require you to pay 5% of the total construction cost as a deposit.
- You apply for a construction loan and the application is approved.
- The builder commences the construction.
- The lender releases funds to the builder as progress is made.
Features of construction loans
- You will only be charged interest on the actual drawn down amount instead of the full loan amount. This can help you save money during the construction process.
- Your cash flow is bettered managed as the during the construction period, it’s only interest payment.
Low Doc Loan
What is Low Doc Loan?
Low Doc Loans(Low Documentation Loans) have lots of flexibility on the required documentation. They are generally for the self-employed who may find it difficult to apply for a traditional home loan, because many businesses may write off expenses, reinvest profits back into a business which makes it difficult to show a high level of business income.
Features of Low Doc Loan:
- Self-declared income
- Accountant’s letter to advise on turnover and profitability
- Good credit history for existing and previous loans
- Potentially higher interest rate than a traditional home loan, although some products in the market offer very similar interest rates.
Your Home Loan Journey Starts Here Get Expert Help from AUSUN Finance
Whether buying a new home, refinancing an existing home loan or investing in property, AUSUN Finance can help you to estimate what your repayments could be and help you with your financial situation.
These estimates are indicative only and actual costs and the amount you could borrow may vary based on a number of factors including loan purpose. Be sure to seek professional advice and contact your local AUSUN Finance Home Loan Specialist who can help guide you through this process.
Commercial Property Loans
Arranging the correct finance can be a key element to make commercial property acquisition. We help our clients to make the most comprehensive plan to win the deal. Also, we share our insights for our clients to get higher yield and worth value.
AUSUN Finance is a Commercial Property Loans specialist that has brokers with a network of 100 plus lenders including the major banks We have a variety of commercial loan solutions that include;
- Purchase of retail, industrial, residential and commercial property
- Construction retail, industrial, residential and commercial property
- Specialist securities such as child care centers, hotels, motels, caravan parks and petrol stations
- High LVR where you can borrow up to 85% of the properties value
- True NO DOC commercial loans up to 65% LVR up to 25 years
- Credit impaired solutions for those with a poor credit history
- Lease Doc for investment purchases – no financials just rental income
- Many more options available
How Do Car Loans Work?
If you’re looking to buy a car, chances are, you’ve heard of a car loan. Ausun breaks down just exactly what car loans are, and how they work.
What is a car loan?
A car loan is a loan taken out for the purpose of buying a motor vehicle such as a Ute, car, 4WD, motorbike or other road vehicles. A car loan can also be known as a vehicle loan. If you don’t have enough in savings to afford to buy a car but you can afford to repay a loan in monthly installments, you might consider taking out a car loan to finance your new wheels.
There are two main types of car loans:
- New car loans
- Used car loans
How do car loans work?
Car loans may be offered by financial institutions as a standalone car loan, or personal loan, or via the redraw facility or line of credit on a home loan. You can also get a car loan from peer-to-peer (P2P) lenders and car dealers. Where you choose to go could have a big effect on the interest rate you pay on your car loan.
When you enter a contract for a car loan it will typically be for a period of one to five years. This is the amount of time over which you agree to repay the loan, generally by monthly installments. In addition to the amount you borrow, interest will also be charged on the balance owing. You can try our car loan calculator to see approximately how much your car might cost you over the term of your loan.
What is SMSF Loan?
SMSF Loan is a loan product designed for a self-managed super fund (SMSF) to buy investment property under its name. The rental income and capital gains from such an investment have to be funneled back into the SMSF itself. As a result, this will increase the superannuation for your retirement savings.
Investing in property within SMSF is very different compared to traditional investment under your own names, which has to be in accordance with the laws around SMSF borrowing. Any property investment under super fund should have a realistic income stream and prospects for capital growth.
Would like to know more about SMSF Loan?
Contact us today to have an obligation free expert consultation.