First Home Buyers
Buying your first home is one of the biggest financial decisions of your life. It’s a time of great excitement but can also be quite daunting if you don’t have the right team around you.
At Riz Finance we offer our support and expertise to help you throughout the process from day one until you’ve paid off your loan. That’s right, we’ll help with your pre approval, we’ll help liaise with the real estate agent and solicitor throughout the home buying process, and we’ll touch base regularly after you’ve purchased your property to ensure you’re always on a competitive rate.
In our initial meeting, we will review your current situation and put you on a personalised plan taking into account your existing savings, employment and debt to meet your future goals. We’ll take the time to understand what’s important to you and navigate through all the financial jargon to explain things in a simple and easy way.
Did you know first home buyers may be eligible for multiple government schemes including Stamp Duty Waiver/Concessions, First Home Buyer Grants and an LMI waiver under the First Home Guarantee scheme? Have you ever considered purchasing a home with no deposit using a guarantor? The team at Riz Finance have assisted over 100 first home buyers. It pays to have someone by your side through the home buying journey. Rest assured, with Riz Finance you’re in safe hands.
Are you a first home buyer?
Book in today to find out how much you can borrow. We can also help you with:
- Finding out how much of a deposit you need
- How to find the right property in your budget
- How to negotiate with real estate agents
- Information on the First Home Guarantee Scheme
Investment Property Purchase
Australians love property, that’s why the value of the Australian residential property market is valued more than the ASX, superannuation and the commercial property market all combined. Despite market fluctuations, real estate remains a tried and tested way of building long term wealth but many Australian’s are not sure of where to start.
At Riz Finance we can help to develop a strategy to assist in purchasing an investment property. Some important factors to consider are:
- Capital growth: Look for areas where high growth is expected so there is potential for capital gains. Consider suburbs that are mostly owner occupiers as these tend to outperform and ensure public transport and good schools are accessible.
- Rental demand: Look for properties with good rental return, you’ll find properties closer to public services such as transport, hospitals and schools will achieve higher rents. Be careful of strata when it comes to units and townhouses, as strata will reduce your rental return.
- Vacany rates: Research vacancy rates. A higher vacancy rate will result in a lower rental return and may indicate a less desirable suburb.
Did you know you could purchase an investment property with no deposit? You can utilise equity in an existing property or a guarantor to purchase the property and fund the stamp duty. We’ve assisted clients for over 10 years grow their property portfolios. With Riz Finance, you’re in experienced hands.
Own a property and have equity?
You could buy an investment property with potentially no deposit. How? With the use of equity in your current home.
To find out more about more, book in today.
Refinancing
Refinancing involves moving your loan to a new bank. Refinancing can save you tens of thousands of dollars over your loan term. Clients refinance for a number reasons including:
- A better rate: Unfortunately banks tend to reward new clients over existing clients, that’s why it’s important to review your rates regularly. Most banks will offer new clients a significantly better rate and a cashback to cover any of the associated fees of refinancing.
- Re-structure existing loans: Everyone’s financial situation changes, that’s why it important to keep in touch with your broker & accountant to ensure your finances remain the right fit for you. It could be converting your owner occupied property to an investment property, or renewing your interest only period. Ensuring your loan is structured correctly could save you thousands.
- Unlocking equity: Looking to purchase a new vehicle, enter the share market or maybe go on a holiday? We’ve assisted many clients to unlock equity in their property.
- Consolidate debts: Do you have too many loans and credit cards? Would you like to consolidate your debts to into one easy manageable repayment? We can do that for you.
Refinancing might seem like too much of a hassle but imagine saving thousands of dollar a year on your loan. With the help of Riz Finance, we do the leg work making your refinance simple and hassle free. At Riz Finance, we offer the most refined refinance process in the market. What are you waiting for? Experience the difference.
When's the last time you reviewed your finances?
If your banker or broker hasn't contacted you in the last 12 months for a free review, contact us and we'll do it for you.
Construction Loans
Whatever your project, we have it covered. Construction loans are handy in many situations:
- Land: Have you recently bought land and need a construction loan to fund the build? It’s important to find the right lender for a construction loan as the rates can vary quite widely from bank to bank. Lucky you’re in good hands with Riz Finance.
- Knock down rebuild: Is it time for a new home but love your existing location? Many Australian’s complete knock down re-builds as they not only allow you to keep your existing lifestyle but also increase the value of your property.
- Renovations: Looking for a new feel? Maybe an extension, new kitchen, new flooring, or paint? We can assist in many cases without the need for a building contract or quotes.
No matter how big or small your project, Riz Finance is by your side each step of the way. With an experienced team, we listen to your needs and requirements to ensure your construction loan is the right fit for you.
Everything you need to know
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