Purchase
HOW IMPORTANT IS A PRE-APPROVAL?
If you’re eyeing a house that you feel will be your new home, you need to obtain a pre-approval first so you won’t be wasting any time. A pre-approval determines whether you qualify for a loan and gives you an idea about the maximum amount you can borrow. The advantage of pre-approval is that it puts you head and shoulders above other potential buyers who are interested in the same property as you. That’s why making sure you get a pre-approval is important.
To get a pre-approval, the following steps are very important:
1. SEEK SERVICES FROM US - ZOOM HOME LOANS
As mortgage specialists, our expertise and resources give you the opportunity to be connected with a range of lenders who can arrange a pre-approval for you. We can determine the perfect fit for you depending on your current financial situation and maximise your borrowing capacity, allowing you to make the most of your money and invest in the right property.
2. WORK ON YOUR APPLICATION
We will guide you through the entire pre-approval application process, linking you to a lender and providing guidance on the application paperwork and requirements to maximise your chances of approval.
3. WAIT FOR PRE-APPROVAL CONFIRMATION
After receiving confirmation that your pre-approval application is successful you will know how much you are authorised to borrow from the lender. Then comes the fun part – browsing for a potential property to buy.
Refinancing
Home loan refinancing is important as it provides you a clear understanding of your financial situation. More importantly, it lowers your interest rate and saves you thousands of dollars per year.
By refinancing your home loan, you are able to:
- Pay your mortgage off faster.
- Lower your monthly repayment.
- Unlock the equity in your home.
- Stabilise your debts.
Do you want to learn more about how you can refinance your loan? Get in touch.
Investing in Property
One of the best ways to earn buckets of money is delving into a property investment. It’s because as the value of the property increases, so does your income.
This kind of investment also allows you to leverage your investment. The following are things you can consider:
1. A FIXER UPPER
If you do not have a lot of money for an investment, it can be worthwhile to go for a fixer-upper. In this scenario, you look for a home with an average price, purchase it, and do some restorations dramatically increase its value. This may, however, give you some unforeseen expenses.
2. RENTING OUT
You can make a lot of money from renting out a property. Although the location and the rental prices may serve as a tough factor, it is still a good option if you plan to invest in something that really earns.
Compared to a fixer-upper option, this option only requires minimal effort as the only thing that you use is your money.
3. NEGATIVE GEARING
Negative gearing is one of the best ways to earn as it gives you the opportunity to expect tax benefits. These benefits can be used to your advantage especially for your current financial condition. If you opt for this choice, then it is best to collaborate with a financial expert to give you professional ideas and advice.
Ready to make a decision? Reach us at 0402 894 821 and ask questions. One of our expert team members will be happy to answer your queries.
Personal Loans & Car Finance
Personal loans are one of the many types of loans that you can borrow from a lender. A personal loan is one of the best solutions if you are looking for funds for upcoming investments or your next holiday trip. Their general purpose is to help you spend the funds at your discretion, such as paying for unexpected bills or purchasing a new home or car.
When you opt for a personal loan, you are given different options. While every type differs, there are loans where you’d get to have low interest rates. Obtaining a person loan has strict qualification requirements, but with Zoom Home loans by your side, we can give you the best chance of securing a loan by connecting you to our network of lenders.