Get Appropriate Home Loan Planning from GNS Group

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Get Appropriate Home Loan Planning from GNS Group
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• Whether you are buying your first home, a
  replacement home, or an investment property,
  sticking your hand up at an auction and signing
  on the dotted line can be a daunting time. Plenty
  of excitement around your new purchase and often
  some uncertainty did I do the right thing? Have
  I paid too much?
• One thing that youll then be faced with is
  which Home Loan?

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• Comparing one Home Loan to another is a bit
  like comparing mobile phone plans. They make it
  all so confusing with features, included services
  etc, its a real challenge knowing where to
  begin.
• Working with GNS Group, gives you access to a
  tailored finance solution for your individual
  circumstances provided by our referral partners
  at Finconnect.

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• Their lending manager is a Credit
  Representative of Finconnect (Australia) Pty Ltd,
  Australian Credit Licence No. 385888 a wholly
  owned subsidiary of Count Financial Limited. 
• If you have never used a Mortgage Broker
  before, here is a quick run-down
• Your Broker is working for you, not the Bank.

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Brokers have the skills, experience and tools
available to get you a good deal, explain all the
different options and make recommendations to you
on how to maximise your repayments and to cut
your interest bill. Manager Through
Finconnect, their Lending Manager has access to
over 16 Banks, Including all of the big Banks.
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• A Finconnect Lending can evaluate what type of
  loan you need, such as
• Variable/Fixed Rates
• Owner Occupied/Investment
• Residential Commercial
• Offset/Redraw
• Line of Credit
• Constitution Loans
• Interest Only/Principle and Interest

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• SMSF Gearing
• Reverse Mortgages
• The benefit for you is that a mortgage broker
  can do all the leg work and shopping around, so
  you can relax knowing youre getting your
  finances sorted.
• Contact us to arrange a complimentary
  consultation with a Finconnect Lending Manager to
  assess your repayment capacity and to discuss the
  intricacies of the loan products.

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Home Loan Tips

• Refinancing your home loan
• Our team can arrange an appointment with a
  Finconnect Lending Manager to review your current
  home loan to ensure you still have the right
  product for your needs. Dont assume that just
  because your loan was once competitive, it still
  is. Interest rates change and different types of
  loans are always entering the market. They will

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• They will
• assess your current interest rate
• assess your repayment level
• Assess your financial situation to determine
  whether a better deal can be sourced saving your
  money, and helping you pay off your loan faster
• Tips to pay off your home loan faster
• Select a home loan that meets your needs.

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• While the rate is important, it is more
  important to have an appropriate level of
  flexibility and function.
• 1) Pay off as much as you can, as often as
  you can.
• 2) Avoid loans that penalise you for making
  extra repayment
• 3) Avoid honeymoon loans that revert to a
  higher rate after the honeymoon period is over.
• 4) Avoid loans with high exit costs.

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• 5) Deal with reputable organizations
• Fixed or variable interest?
• This really depends on your current financial
  situation. The team at GNS Group can make sure
  that your investment loan is appropriately
  structured for tax purposes and can assist in
  determining the every-day cost of living impact
  to determine how much you can afford to repay
  each month.

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• Tips to pay off your home loan faster
• Select a home loan that meets your needs.
• Things to consider include
• fixed interest loan
• variable interest loan
• loan comprising of part-fixed / part-variable
  interest

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• Remember however, that if you elect to split
  your loan into part fixed / part variable, make
  sure you dont incur two monthly loan maintenance
  fees instead of one.
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• Hidden home loan costs
• There are many costs associated with taking
  out a home loan, which dont relate to the price
  of the property.

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• These hidden costs include
• Lenders fees, including loan application and
  establishment fees
• Government charges including stamp duty on
  property purchase and mortgage, and title fees
• Legal expenses
• Inspection costs

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• Buying your first home
• Buying your first home is one of (if not) the
  biggest financial commitments you will ever make.
• Stay well informed of what is involved so you
  dont make any rash decisions.
• Good financial planning advice from GNS Group
  and Count, along with Home Loan advice from a
  Finconnect

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• Lending Manager can save you thousands of
  dollars off your loan and help you own your home
  sooner!
• Can you afford to buy a house?
• A credit provider must ensure you can afford
  to repay a loan without suffering undue financial
  hardship before lending you any money.

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• The total amount that you can borrow is
  determined by three factors
• 1) The value of the property you intend to
  purchase and
• 2) The funds you use towards the purchase and
• 3) Your borrowing capacity or serviceability.

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• Serviceability is your ability to meet loan
  repayments, and will depend on your income and
  existing financial commitments. You will need to
  provide evidence of a continuous stable income