Types of borrowers

Home Loans

Purchasing your home is an investment in its own right. For this reason, Noah’s Ark Finance will provide you with the necessary information to assist you with making an informed decision about your purchase, repayments and which lender will provide you with the finance to achieve your goal.

First Home Owner

Buying your very first home is a significant step, therefore, Noah’s Ark Finance will provide you with the finance knowledge to make an informed decision about your purchase, repayments and which lender will provide you with the finance to achieve your goal.

Noah’s Ark Finance will provide you with your options and entitlements, which will provide you with the confidence of purchasing your first home and choosing the right home loan to suit your individual or family lifestyle.

The information will include how much deposit a lender may require you to provide. To get your first home loan, you may need as little as 5% of the property’s purchase price for your home loan deposit. Most banks and lenders require at least a portion of your deposit to be genuine savings, but you may also be able to add to the size of your deposit with:

• Traditional savings
• Gifted money
• Equity or guarantees from family members
• First Home Owners Grant
• First Home Saver Deposit Scheme
• Low deposit home loans

Noah’s Ark Finance will provide you with information with regards to the First Home Owner’s Grant, including any additional concessions, as they differ from state to state. In addition, Noah’s Ark Finance will assist you with preparing and submitting your First Home Owner’s Grant (FHOG).
Refinancing

Mortgage refinancing is a common way of accessing the equity you have built up in your existing property to use for other purposes, such as renovating, purchasing an investment property or investing in the share market.

Refinancing is also one of the most popular options available to homeowners and investors who are looking to switch their mortgage to a new lender who are offering better interest rates and options on their loans. Noah’s Ark Finance continually strives to obtain lower interest rates and more flexible loan options, regardless whether they are advertised by the lender or not.

Debt Consolidation

Noah’s Ark Finance specializes in debt consolidation.

Consolidating debt is one of the most common reasons for undertaking a mortgage refinance. Debt consolidation combines several loans into a single loan, assisting you to manage repayments, reduce interest rate costs and control your debt. Typically, debt consolidation combines unsecured personal debts such as personal and car loans, credit card or store card balances, into your home loan, securing the debt with your property.

Benefits of Debt Consolidation:

• Reduced monthly repayments
• Lower interest rate on repayments
• Only one creditor
• Less fees and charges
• Less paperwork
• The chance to get back in control of your debts
• Extended repayment period

Noah’s Ark Finance shows the client how to use the savings from the debt consolidation, to paying off their home loan off sooner.

Property Investors

Noah’s Ark Finance offers finance solutions to more than just home buyers in the traditional sense of the term; we also offer our services to property investors of all types, whether you are a first time investor or a seasoned professional investor.

In Australia, property investment is one of the fastest growing and most popular options for those looking to build wealth over their lifetime.

Any successful property investor will confirm you require a host of differing finance options and solutions to enable to you expand your property portfolio. This includes structuring your lending portfolio to best maximize your taxation benefits.