You Know You've Earned It

PRIME Financial Perth - Cars Loans.jpg

New Car Loans With Prime Financial Perth — You Know You've Earned It

With another busy week rapidly approaching Friday afternoon, I still had too many thoughts fighting for attention in my mind, though one seemed to be winning — TGIF. Hmmm, can I say TGIF in a professional business blog? Too late, the phone started to ring again, back to work.

Finished that call, only now I have another thought. That was a car loan enquiry which got me thinking Car Loans. Interestingly when I do stop and think about it, many of our local Perth based clients have become repeat clients. All those loans we have arranged over the years, First Home Buyer loans, new Home Loans and even quite a few Commercial Loans for Commercial Property or Vehicles and Construction Equipment, yet most of our Car Loans are new clients. Why is that? Perhaps it was time I posted about Car Loans on the blog to ensure our clients actually know we do them.

Private Car Loans, Business Car Loans, the bottom line is you're no doubt working hard, so if it's time to replace your car, make sure we talk. We now have over 40 leading lenders we negotiate with to ensure we match the best lender to your needs and financial situation, the one that really works for you.

  • NEW CARS
  • LOW RATE CONSUMER VEHICLES
  • LOW DOC CARS
  • CAR REFINANCE

If it’s time for a new car give us a call, even if its Friday afternoon, we'll still pick up that ringing phone and help.

PRIME FINANCIAL PERTH

AUSSIE BROKERS PROVIDING MORTGAGE BROKERING SERVICES — FINANCING HOME LOANS — BUSINESS LOANS — CAR LOANS — LOW DOCUMENTATION LOANS

 

Commercial Loans Supporting Perth Business

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Commercial Property - Vehicles - Plant & Machinery - Earthmoving - Construction Equipment

At PRIME Financial Perth we are well known for our Home Loans and First Home Buyer loans, helping many young Perth families into their first home. Interestingly though, I found many of our clients were unaware we have been providing commercial loans and advice for over a decade. I think it fair to say we are well experienced in Property Loans, Low Rate Commercial Vehicle Loans and equipment finance for Plant & Machinery, Earthmoving and Construction Equipment. We also provide refinancing for commercial loans.

Commercial property loans are often interesting for many reasons including the reason for purchase. Owning the building and/or other property where you operate your business is important for many companies. Especially for companies that require a custom floor plan or specific structural components to accommodate their activities.

In fact, owning the property where you do business delivers an unparalleled form of security, since you’re not prone to a landlord’s rules or restrictions. Not meaning to dramatise this point, but image being forced to move to another location because a new landlord has purchased the property and significantly raised the rent and/or the common area maintenance charges. For retail businesses in particular, your shop-front is an essential part of your identity and your success! Remaining in one spot is extremely important. Purchasing the property where you operate provides a stability.

Property ownership also serves as a method of re-investment, since each loan payment is essentially an investment back into your own business.

Additionally, refinancing while interest rates are currently very low can help business owners and investors alike save thousands of dollars over the life of their loan.

In this "interesting" economy, many lenders have tightened their lending criteria, making it more difficult than ever for the borrower to find the right commercial loan. If you are looking for a commercial loan for Property, Commercial Vehicles, Plant & Machinery, Earthmoving or Construction Equipment give us a call and we will ensure we connect you with the right lender for your unique needs.

PRIME FINANCIAL PERTH

AUSSIE BROKERS PROVIDING MORTGAGE BROKERING SERVICES — FINANCING HOME LOANS — BUSINESS LOANS — CAR LOANS — LOW DOCUMENTATION LOANS

Seeking The Best Finance Broker In Perth

PRIME Financial Perth - Seeking The Best Finance Broker In Perth.jpg

Seeking The Best Finance Broker In Perth

Recently I was enjoying an amazing meal out (Petite Mort Restaurant @ Shenton Park to save you asking) when the question was raised "why do home loan seekers use Prime Financial Perth as their finance broker?".

I sat there looking at the French temptation just placed before me and thought of the old saying "a photo is worth a thousand words". So simply replied "because experience is worth a thousand words".

There are many places around Perth to get a coffee but only a few truly great baristas. Yes you can have a meal out with friends but when you want something that is bursting with colour, texture and flavour – a celebration for the eyes and the palate, you choose those who have experience to deliver what you are looking for. Yes there are other brokers out there, though when it's time to find the right home, car or even commercial loan, why not talk with a professional businessman who has significant experience who is also a broker?

When you talk with PRIME, you are not just talking to professional brokers with over a decade of experience, you are talking with experienced businessmen. Our team at PRIME have personally owned and operated many businesses including; Telecommunication, Residential & Commercial Property Development, Logistics, Wholesale Imports, and Award Winning Restaurants. When it’s time to talk loans, why not talk with a broker who knows both sides of the business? I think this is one of our key points of difference. Oh, and you don’t pay us anything for our expert service and running around because lenders pay us a commission on settlement, so we are fee-free to our clients.

The conversation turned to the food that was arriving before each party member and rightly so. It was a delight to the mouth as it was to the eyes and was to be savoured, not rushed. Bon appétit!

PRIME FINANCIAL PERTH

AUSSIE BROKERS PROVIDING MORTGAGE BROKERING SERVICES — FINANCING HOME LOANS — BUSINESS LOANS — CAR LOANS — LOW DOCUMENTATION LOANS

Help Is At Hand For First Home Buyers Of Perth

PRIME Financial Brokers - First Home Buyers

Help Is At Hand For First Home Buyers Of Perth

We recently had an uptick in First Home Buyers looking for help to enter the housing market. Yep, time for a short post to help clear the muddy waters around first home buying and show that with some good guidance it can be fine sailing.

So your are ready to buy your first home! It’s exciting, but there’s a lot to get your head around. How would you feel if you had someone who would arrange your home loan, answer your questions and be there to help – from start to settlement and beyond?

  • OFFER INVALUABLE ADVICE AND GUIDANCE

Starting out in the property market can feel overwhelming. Prime is there at every step providing the expert guidance and answers you need to feel confident about your decisions.

  • MAKE EVERYTHING EASY TO UNDERSTAND

We'll walk you through different scenarios and clearly explain how much you can borrow, all the costs involved, and what to expect at every step towards buying your home.

  • HELP YOU GET LOAN PRE-APPROVAL

If you're still hunting for your dream home, Prime can help you organise pre-approval so you know exactly how much you can spend.

  • FIND AND SECURE A BETTER LOAN FOR YOU

We listen to your needs and future plans then compare options from over 40 leading lenders and negotiate on the one that really works for you – so you never lose sleep wondering if you missed out on something better.

  • APPLY FOR FIRST HOME BUYER INCENTIVES

If you're eligible for the First Home Owner Grant (FHOG) we can lodge the application and all supporting documents for you.

  • DO EVERYTHING FREE OF CHARGE

That's right. You don’t pay us anything for our expert service and running around because lenders pay us a commission when a mortgage is settled.

 

We have been helping young families, couples and individuals around Perth and in fact throughout Western Australia for over 11 years. If you are looking to buy your first home why not give us a call and let us help you too?

PRIME FINANCIAL PERTH

AUSSIE BROKERS PROVIDING MORTGAGE BROKERING SERVICES — FINANCING HOME LOANS — BUSINESS LOANS — CAR LOANS — LOW DOCUMENTATION LOANS

It Pays To Wipe Out Debt

PRIME Financial Perth - Home Loan Low Doc Loan

It Pays To Wipe Out Debt

As a Finance Broker with 11 years experience [read that as having helped hundreds of Perth based families get their first home loans] I was a little surprised this week when I had an enquiry for a Low Doc [low documentation loan]. Obviously not simply because it was a Low Doc Loan enquiry, but the conversation that transpired. It was screaming to be my next Home Loan Information Tip post. The conversation started with "We want to borrow about $75,000 to renovate our family home".

With just a few questions I discovered the [pending] new client and his wife had more to consider. They have a home loan of $450,000 and an $18,000 credit card debt. When I asked how they wanted to restructure their existing loans [house and credit card] they said they didn't, they simply wanted to borrow the money for the renovations and had heard about Low Doc Loans. With no disrespect intended, I must say I was rather surprised.

While each persons situation is different, so no one solution fits all, we would still typically suggest it pays to wipe out credit card debt first. With some credit card interest rates over 20% it is far better to pay them out first before making additional home loan repayments. If that is not an option for you, perhaps its time to look at refinancing your home loan. There are many different loan options available and we are only too happy to sit with you, review your needs and plans and then negotiate the best loan with the banks, on your behalf.

PRIME FINANCIAL PERTH

AUSSIE BROKERS PROVIDING MORTGAGE BROKERING SERVICES — FINANCING HOME LOANS — BUSINESS LOANS — CAR LOANS — LOW DOCUMENTATION LOANS

Perth Home Loan Tips

PRIME Financial Perth - Bouthouse Swan River

Perth Home Loan Tips — Aussie Brokers helping Aussie Battlers

I guess as an Aussie [Finance] Broker it's not so strange I found myself thinking about home loans this morning. Contemplating our local Perth real estate market and the typical hard-working Aussie who just wants a good loan deal, perhaps even as a first home buyer.

As everyone with even the slightest interest in securing a home loan would know, the interest rate significantly impacts how much total interest you pay over the term of your loan. So what else could really make that much difference? Quite a few aspects actually!

For those of you who initially went with a 25 year loan term, there are still big savings to be made on your home loan if you can accelerate your repayments. By accelerating your repayments on a typical loan by just 10 percent or $215 extra each month, you can save around $80,000 in the long run and repay a 25 year loan in just 19 years. Does an $80,000 saving sound worth considering? Now perhaps the word "budget" is rushing to the forefront of your mind. Don't stress your budget too much, but if you do have the extra funds, or can adjust your budget somewhat, putting it towards paying off your home loan sooner will greatly benefit your financial future.

There are many aspects to consider other than just the obvious interest rates when applying for your first home loan, which is why many home buyers now seek out a knowledgeable finance broker. An independent, experienced broker [PRIME Financial Perth for example] to guide them through the process and negotiate the best possible loan suited to their personal circumstances.

If you have questions or are considering a new home loan or refinancing your existing home loan, why not give us a call. Our services are FEE-FREE to you the client.

 

PRIME FINANCIAL PERTH

AUSSIE BROKERS PROVIDING MORTGAGE BROKERING SERVICES — FINANCING HOME LOANS — BUSINESS LOANS — CAR LOANS — LOW DOCUMENTATION LOANS

First Home Buyer Home Loan Maze

Home Loan Information — Clarifying Banking Terms

I recently had a request to clarify LVR. As a finance broker with over a decade of experience in the Perth home loan and business loans market, it's easy to forget some home buyers may feel a little lost in the maze of banking terms. This lead me to thinking perhaps a quick post on typical home loan terms may be helpful, particularly to those in the First Home Buyers category.

  • Loan to Value Ratio (LVR)

The LVR refers to the size of your home loan expressed as a percentage of your property's value. For example, if you borrow $100,000 to fund an asset worth $125,000, the loan is said to have an LVR of 80% ($100,000 is 80% of $125,000).

  • Equity

The difference between the amount owed on your home loan and your home's value.

  • Extra Repayments

Allows you to use extra cash to reduce the outstanding principal and interest on your home loan. This is a great way to pay off your loan faster.

  • Fixed Rate

An interest rate that allows you to lock in to a specified rate of interest, with fixed monthly repayments, for a given period of time.

  • Interest Only

A type of loan that requires repayments on the interest only and, as such, leaves the loan principal untouched.

  • Credit Limit Increase

Increasing the amount of money in your home loan. Note that stamp duty applies.

  • Offset Account

Some lenders offer an 'offset' account, which is a savings account linked to your home loan. It can be a great way to save on interest costs because interest charged on the home loan is calculated on the difference between the balance of your loan amount owing and the balance in your savings account. For example, if your balance on your home loan is $250,000, and you have $10,000 in your savings offset account. Instead of being charged interest on the full value of your home loan, interest will be charged on a balance of $240,000 - being the difference between the balance of your loan and the money in your offset account.

  • Principal and Interest

A type of loan where each repayment is comprised of interest plus a reduction in the loan principal.

  • Redraw

This loan feature lets you withdraw any additional repayments you have made on your home loan. It is a useful way to reduce your interest while providing access to your funds.

  • Switching

Changing from a variable loan to a fixed rate loan. Can be useful if you are concerned about a possible rate rise.

  • Split loan

A loan that combines a fixed rate portion and a variable rate portion.

  • Variable Rate

An interest rate that will vary in line with changes to official interest rates.

  • Variation

A change to the home loan agreement.


PRIME FINANCIAL PERTH

Aussie Brokers providing Mortgage Brokering Services — Financing Home Loans — Business Loans — Car Loans — Low Documentation Loans

 

A Decade Of Brokerage Experience

Prime Financial Perth - Lenders

Buying your new home is exciting, but there’s a lot to do so why not let PRIME help? With over a decade of brokerage experience, you are talking with professionals.
We listen to your needs, then compare options from over 40 leading lenders and negotiate on the one that really works for you – so you never lose sleep wondering if you missed out on something better. With our expert guidance and answers to your questions, you can feel confident about your decisions.


TALK TO US TODAY → www.primefinancialperth.com.au

 

RBA Cuts Interest Rate — Time to Refinance?

RBA Cuts Interest Rate

No better time to refinance, for anyone looking to reduce their monthly repayments.

THE Reserve Bank has cut interest rates to a historic low of 2.25 per cent in one of the most keenly anticipated central bank board meeting announcements in months. The decision was welcomed by treasurer Joe Hockey who said a cut to interest rates is good news for business and households. The Reserve Bank cut the cash rate by a quarter of a percentage point to a new record low of 2.25 per cent

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