Accelerate Loans

We arrange finance for:

• Home Loans
• Investment Loans
• Construction Loans
• Refinance & Debt Consolidation Loan
• Bridging Finance
• SMSF Loans
• Self Employed Loans

We understand buying a home is one of the biggest financial and emotional decisions you may make in your life. It is such an exciting time, but can also be overwhelming and a bit daunting.

We are here to help you every step of the way, and will always keep you informed.

Many things change in the finance industry, sometimes weekly, so even if this is not your first property purchase, we are here to keep you informed of what has changed, what is the best rate and product for you at the time you are looking.

Property Investment Benefits can include:

• Wealth creation through capital growth
• Tax benefits while you are working
• Controlling your finances to achieve the retirement lifestyle you plan for yourself
• Building an income to support your retirement

First Home Buyers

To our First Home Buyers, who we love to work with, there is many things to think about before you embark on purchasing your first home, and a few of these things are listed below:

Deposit - How much will you need?

You will need a minimum 10% of the value of the property (purchase price), which includes 5% deposit, plus 5% to cover purchase costs including stamp duty. A deposit can come from your savings, and:

• First Home Owners Grant
• A Family Guarantee in the form of a gift of money to increase your deposit, or
• Equity in a property that is offered from a family member, and owned by them. This can be very beneficial as it means that you may be able to avoid the cost of Lenders Mortgage Insurance (LMI) which will save you money.

How much can you borrow?

Before you spend hours trawling through the property websites, let an Accelerate Broker complete some calculations to help you understand how much you can borrow. Your Borrowing Power depends on how much you earn, and what your living expenses are.

You can also use our online Borrowing Power Calculator.

A Pre-approval

A pre-approval will help you shop with confidence, knowing what price range is realistic, and that you won’t miss out on that perfect property.

Understand your Purchase Costs

These upfront costs may include;

• Stamp Duty and Transfer Fees
• Mortgage Application Fees
• Mortgage Registration Fees
• Conveyancer Costs
• Lenders Mortgage Insurance (LMI)
• Inspection Fees

Lenders Mortgage Insurance (LMI)

When you borrow more than 80% of the value of the property you may have to pay Lenders Mortgage Insurance. This is a once off cost and can generally be added to the loan amount and paid over the term of the loan.

Choosing the right loan

• Principal and Interest or Interest Only
• Fixed or Variable
• Split Loans
• Offset Accounts

Let the Accelerate Group assist you in structuring your loan to suit your situation and needs.

First Home Owners Grant

The First Home Owners Grant (FHOG) varies from state to state, however, in South Australia the grant for eligible first home buyers is for new homes only.

• Buying a home or investment property…? We can help
• Building a new home, or knocking down and building…? We can help
• Not happy with your current home loan and want a comparison…? We can help
• Unsure what other options are out there…? We can help
• Having trouble understanding the many loan types and the bank terminology…? We can help
• Looking to purchase a house in your Self Managed Super Fund (SMSF)…? We can help

Let us help you to:

• Make buying your first home be a fun and exciting time
• Calculate your borrowing power
• Find the loan that suits you