Home Loans
Set the foundations for long term financial success.
Buying or upgrading your home is one of the most significant financial decisions you’ll make in your lifetime. At Loan Rocket we know that a solid finance strategy is the key foundation to long-term success in property.
We nurture home buyers with the education they need, as well as help upgraders secure the best interest rates, set up the correct loan structure and plan their future finance moves.
We provide:
- Step-by-step support and a guided process to make it simple for you.
- Access to multiple lenders and the best interest rates.
- A pathway to Finance Approval – even if other lenders have said ‘no’.
It’s just a matter of taking the first step.
Investment Property Loans
Whether it’s your first step into the property market, or looking to grow your existing portfolio, it is crucial that you plan your property investment correctly.
Why invest in property?
Your individual situation will determine the reason behind investing in property. For instance, someone planning for retirement in the near future will most likely look for properties with a high rental yield and provide a stream of income in the years to come. Others may elect to purchase a rundown property, renovate it, then resell it quickly in order to earn a profit.
Getting your finances in order
Whatever your reason for investing, it is crucial you have your finances sorted prior to house hunting. This is where the Loan Rocket team can help. We have clients with large property portfolios and clients saving for their first property. We can discuss options and provide you with a roadmap to purchasing. We optimise your borrowing capacity, then negotiate with one of our many lending partners to secure the best rates and terms.
We can help you:
- Structure your existing loans to provide maximum stability & flexibility.
- Find solutions – even when your bank says “No More”.
- Manage risks – a better financial future may not necessarily be about growing your portfolio, but instead keeping it.
- Work with complicated structures, trusts, self-employed entities & financial arrangements to achieve the security and success you’re after.
Long-term property investing success can hinge on having the right flexibility with your financing arrangements. We help wrestle back control of your portfolio from the banks, to you.
It’s just a matter of taking the first step.
Construction Loans
With a conventional loan, it’s often easy to have the loan submitted and approved in a timely manner. For a construction loan, this system is often more complicated, due to the complexity of the construction process.
How does the construction loan process work?
When you apply for a loan, the lender will need a copy of the building contract and the plans. They’ll ask their valuer to estimate the on-completion value of the property and will assess your loan on the lesser of the land price plus cost of construction or the on-completion value. Once your loan has been approved, the lender will issue a loan offer for you to sign and return, just like with any other home loan. When your builder is ready to begin receiving payments from the bank they’ll need to provide additional documents, such as the final council approved plans, builders insurance & drawdown schedule.
Let us guide you through the process
At Loan Rocket we are specialists in construction loans. We can quickly work out which lenders can approve your loan. In addition to this, we can structure your loan in a way that ensures that your new home is built without the hassles.
It’s just a matter of taking the first step.
