Yearly Archive: 2020

How to find a home loan in Geelong that works perfectly for you

December 11 2020

Finding the right home loan in Geelong can be daunting.

The sheer scale of loan products out there to wade through is enough to lift your stress levels. And that’s before you delve into questions about repayments, special features and fees.

So take time to ask yourself questions before launching into your mortgage research. For instance, how much money do you have for a deposit? What amount can you realistically borrow without putting yourself under financial stress? What special features do you actually need from a home loan? And what size repayments can you afford to make?

But when you have experienced finance brokers from Konnect Financial Services in your corner, the process becomes much simpler. Our focus is always on the client. And that’s where it should be. We are committed to helping you get the home loan that works perfectly for your lifestyle and financial situation.

When it comes to a home loan Geelong clients can rely on our team to:

  • Provide them with access to huge range of loan products from Australia’s leading lenders. We will work with you to find the loan that best suits your circumstances and goals;
  • Make the process easier and less stressful. Because we’re experts in this field, we make sure you understand the loan options and conditions. This means you know exactly where you stand;
  • Help you work out exactly how much you can afford to borrow, while still giving yourself ample room to breathe if something unexpected happens;
  • Work out what sort of loan best suits your needs, such as variable rate, fixed interest or construction loan;
  • And make sure you understand any special features in loan products. Some features you may want, others could be unnecessary and costly. We can help you uncover what you actually require.

Konnect Financial Services offers support and assistance from loan selection right through to loan settlement and beyond. So draw on our team’s expertise to make the process a smooth one.

For more information on home loans Geelong people can contact our team on (03) 5243 3799 or visit us at 65 Gheringhap Street, Geelong.

Home loan Geelong

What is a Land and Construction Loan and can I get one in Geelong?

November 24 2020

Land and Construction loans in Geelong refer to the types of loans that allow you to make gradual payments to your builder, aligning with each stage of the construction schedule from the initial purchase of the land to the completion of the building. These loans are particularly popular in Geelong and surrounding regions, offering those looking to build or renovate notable benefits and advanced flexibility.

When you are building or renovating a property, it is very rare that you would pay the full construction amount all at once, hence, these loans exist to allow the payment to be completed progressively over the course of the project. It relieves financial stress while also assuring the project is done to satisfaction.

Once a stage of the construction process reaches fruition, a valuer will inspect the property to ensure it has met the set requirements and specifications, and essentially the quality of the job prior to the payment being made.

Land and construction loans are notably low interest, due to the fact that there are only calculated by the amount withdrawn rather than the full loan amount. The loans also have lower repayments, improved borrowing capacity, and are not overly difficult to obtain. If and when your proposed loan is approved by the lender in question, after you provide them with the necessary documentation, a deposit will be required to protect both you and the lender. This is typically around 5%.

For more information on land and construction loans and how to get one in Geelong and surrounding areas including in the Bellarine Peninsula and along the Surf Coast Shire, please contact our expert financial team on (03) 5243 3799 or visit us at 65 Gherinhap Street Geelong today. We can review your financial circumstance and assist you in determining what the most suitable option is for you. We look forward to hearing from you soon.

Land and Construction Loans Geelong - Konnect Financial

Need to fund your Geelong home renovation? We can help you take out a loan!

October 26 2020

Renovating a house is an exciting yet often daunting experience to take on, and there are many elements to consider before jumping straight in, the biggest being how you going to finance it. This is where the Konnect Financial team can help by assisting the process of applying and obtaining renovation loans for Geelong residents.

Our qualified team of financial experts review a collection of lenders and determine which deal is most suited to you and your individual financial situation. By consulting Konnect Financial, you save hours upon hours of searching through potential options, and receive the advice of professionals with decades of experience.

Whether you are looking to renovate by installing a swimming pool, adding another level, or undergoing a complete extension, a renovation loan can help significantly with the cost, increase the equity and home value, as well as offers you a larger tax deduction.  Renovation loans also don’t require collateral and can provide you with an almost unlimited opportunity to customise your home.

A good renovation loan will combine the funds needed for the renovation with the mortgage of your home. This will not only limit closing costs, but make the whole process much easier to manage for you and your family.

If you are interested in renovating your home and reviewing your finances, get in contact with the Konnect Financial team in Geelong on (03) 5243 3799 for expert advice today. We are committed to offering you informative and flexible financial services that ensure you receive the most value for your money. While we are based in Geelong, we service clients in the Surf Coast Shire.

Renovation Loan Geelong - Konnect Financial Services

The Value of a Debt Consolidation Loan Geelong

September 1 2020

We at Konnect Financial provide our Geelong clients competitive and high-quality debt consolidation loans that offer a wide range of financial benefits. Our industry expertise and years of experience enable us to make smart and educated moves, that leave you in the best position possible whilst relieving your stress and confusion.

What exactly does a debt consolidation do? When you come to Konnect Financial in Geelong for a debt consolidation loan, we begin the process of tying all your debts together in one single loan, including credit card balances. There are endless advantages that can be enjoyed by using a debt consolidation loan as a financial solution including:

  • Reduced interest rates
  • Assists with credit score
  • Saves you money
  • Simplifies the tracking of your finances
  • Offers peace of mind
  • One payment rather than several
  • Reduces fees
  • Help you pay off your debt sooner
  • Fewer payments to make each month
  • Less likely to be late or miss payments
  • You obtain fixed terms

If you currently have various outstanding balances and are overwhelmed by the state of your finances then it might be time to consult our professional and expert team at Konnect Financial. We are happy to give you the guidance that you need in order to feel on top of your finances, may it be through a debt consolidation loan or another financial solution.

We pride ourselves on our outstanding customer service, flexible competitive rates, and leading product knowledge. Contact us on (03) 5243 3799 today to make an appointment, we look forward to your call.

Why do you need a mortgage broker in Geelong?

August 10 2020

Whether your a first-home buyer, looking to upgrade or even refinance your Geelong home, Konnect Financial’s team of savvy mortgage brokers can provide you with expert home loan solutions that are tailored to fit your situation.

As the middle man between property buyers and lenders, we assist clients by identifying the most suitable option, whilst avoiding often unnoticed risks along the way. Our professionalism makes us the best, and in our current economical climate, having the best is what is needed.

Konnect Financial offer clients unmatched expertise and convenience when approaching this often daunting process, as well as many valuable advantages, including:

  • Helping you to determine what you can and can’t afford to borrow. 
  • We understand your specific property needs and goals and guide you to fulfilling them.
  • We coach you through every step of the home buying process from the application to settlement. We liaise with all stakeholders and ensure every step is done to the highest quality.
  • All the stress and anxiety is taken away when in the hands of a professional and experienced mortgage broker.
  • We speed up your application process and offer you results 2-3 days faster than going direct.
  • We provide you a solution that works for you and that will help you manage your mortgage effectively long into the future.

Mortgage brokers have a wealth of industry experience that ensures you get the service that will leave you in the most favourable position you can be in.

Konnect Financial offers competitive interest rates, expert-advise, and a friendly service that you will struggle to find elsewhere. We have connections to the nation’s largest banks and leading lender institutions, helping to provide you with the option that suits you best.

Contact us on (03) 5243 3799 and talk to one of our expert professionals to learn more about our mortgage services. Konnect Financial’s services are cost-free and come with no obligations. Make an appointment today!

The finance broker in Geelong helping people save money on their home loans

July 15 2020

Konnect Finacial Service’s finance brokers in Geelong are dedicated to helping our clients save as much money as possible on their home loans. And, given the current economic situation, it has never been more important to ensure you’re getting a good deal on your home loan.

Refinancing or simply getting the right home loan when purchasing your home will save you thousands of dollars in the long run, making it a vital thing to get right. Investing in a home is, for most people, the biggest financial decision of their life.

Our team helps our clients by providing expert advice and tailored support to help them find the right home loan to set themselves up for the future. It’s not just about what loan is right for now, but for many years to come, and this is especially important at the moment during times of high financial uncertainty.

If you are considering purchasing a home, or feel that your current mortgage repayments are too high, chances are Konnect Financial Services can help you find some options that are right for you.  We help the vast majority of our clients save a minimum of $250 a month off their mortgage repayments, which translates to tens of thousands of dollars off your mortgage of the duration of the loan period, these savings are available to most people, they’re just simply not aware of it.

Beyond saving money, there is simply three main reasons to choose a mortgage broker over going to your local bank, these are:

1. Choice – As mortgage brokers we have access to products from countless banks and lenders, not just one. So we can find the one that is most suited to your requirements. When your circumstances change, as you pay off your loan, we can suggest a different package to suit your needs.

2. Specialised assistance – Bank employees are in the business of promoting the bank’s services which includes securing your loan. Every lender has their own method for approving or declining a bank loan, and you can waste a great deal of time trying to provide the “correct” application. We already have inside knowledge of how each bank assesses an application, so you have a better chance of being approved the first time around. We can also negotiate with the bank for policy exceptions to tailor the package to your individual specifications.

3. Administrative support –  Our mortgage brokers in Geelong will manage all the paperwork on your behalf and follow up with the lender, keeping you updated on the progress of the application. This saves you time and a great deal of stress while providing you with one point of contact throughout the business of securing the loan.

Ultimately, as your mortgage broker, we are saving you both time and money by simplifying the loan application process and ensuring that you find the loan package most suited to the size of your deposit and your ability to make repayments.

Contact us today to find out more about how we can help with your home loan!

Home loan information for Geelong residents: What is a Mortgage Offset Account?

May 12 2020

Konnect Financial Services help a range of people with their home loans in Geelong, our job is top help our clients get the best loan for them, and then help them to save and acquire as much wealth as possible. One way to save money and reduce interest repayment on home loans is to consider starting a mortgage offset account.

What is the purpose of a Mortgage Offset Account?

An offset account is a transaction account that can be linked to your home or investment loan. The credit balance of your transaction account is offset daily against your outstanding loan balance, reducing the interest payable on that loan.

Offset accounts reduce the interest payable on your loans, allowing you to make the most of your income and thereby reducing your loan term.

How an offset account can work for you:

A customer with a $150,000 home loan over 30 years would pay approximately $167,190 in interest. If the customer had an offset account linked to the home loan for the entire loan term with a constant balance of $10,000 in it, they would pay the loan off in 26 years and 4 months and pay just approximately $127,553 in interest.

This represents a saving of three years and eight months on the total length of the loan and approximately $38,636.95 saved in interest payments: that’s a brand new car, a wedding, or could be used towards a deposit on an investment property!

Please note: These figures are based on a Standard Variable Rate of 7.36% p.a.

We not only assist our clients with finding the right home loan for their situation, but our post-settlement service is second to none. Post settlement we help our clients and show them how to correctly set up their bank accounts and how to link them the right way with their loan accounts to maximise long-term value. We want to help you save money on interest repayments and reduce the length of your loan at the same time.

Contact us today to find out more about our home loan services in Geelong, we can help you get the right deal for your situation! At Konnect Financial Service we have access to all the major banks and many other leading lenders.

Equipment finance a boost for Geelong construction companies

April 19 2020

By sourcing quality equipment finance Geelong construction companies can take their business to the next level.

The building industry is extremely competitive. Construction firms need the right tools, equipment and vehicles to work efficiently, safely and cost effectively. And those assets can carry a hefty price tag.

That’s where Geelong equipment finance can help.

Top benefits of equipment finance for construction companies

Sourcing the right equipment finance allows you to expand your capabilities without breaking the bank. Then with the right tools, technology and machinery behind you, you’ll be able to take on more work opportunities.

Cash flow is important for any business. However, this is especially true for small to medium businesses.

The impact of equipment finance on cash flow is two fold. Firstly, it allows you to dramatically reduce the upfront costs of buying new assets such as machinery. And secondly, you can now use these assets to complete projects with a faster turnaround. As a result your cash flow will increase. And that’s music to your ears in this tough business climate.

From new tools to Bobcats, trucks and excavators, equipment finance is well worth investigating. It can make a world of difference to your business.

Konnect Financial Services’ team  can help you source the best Geelong equipment finance to suit your needs and budget. We have extensive experience in this field, and we’re happy to help construction and earthmoving businesses to update and acquire new equipment.

It’s also important to know we offer a strong range of equipment finance products as well.

For more information, contact Konnect Financial Services today.

Five things to know before refinancing your mortgage in Geelong

February 25 2020

Before you refinance your mortgage in Geelong, you need to do your homework.

At Konnect Financial Services, we’re experts in the field of refinance. We’ve helped many people get ahead financially through refinancing over the years. And because it’s vital for clients to fully understand refinance product details before committing, we’ve put together some basic points they can consider.

Here are five points to ponder before you refinance your mortgage in Geelong:

  1. Consider consolidating personal debt if you refinance. It can make good financial sense to consolidate credit cards, personal loans and car loans with your home mortgage. And it can save you thousands.
  2. Consider using a finance broker, such as us. Our experienced team will ensure you can access equity without being slugged with higher monthly fees.
  3. Closely examine the multiple options for restructuring your finances. We can help you find the best refinance mortgage solution to help you grow a healthier financial future.
  4. Work out how much equity you will need to access if you are renovating, investing or paying off debt.
  5. And get help calculating your debt-to-income ratio. This refers to the relationship between your debts – think mortgage repayments, car loans and credit card debt – and the income you bring in.

Perhaps you want to refinance so you can invest in assets such as an investment property. Or is your goal to consolidate debt? Do you want a better loan product or more competitive interest rates to achieve significant savings? Whatever your reasons, talking to a qualified mortgage broker is a great step forward.

When it comes to a refinance mortgage Geelong people can count on Konnect Financial Services for help. Contact our team today.

Geelong’s first home buyer loans specialists

January 19 2020

If you are looking to enter the property market this year, it’s sensible to consult a first home buyer loans specialist in Geelong from the start.

Buying your first house is a big deal. It’s a huge investment that comes with side serves of excitement and stress. And while there are a lot of opportunities out there for first home buyers, talk to industry experts before starting the application process.

Konnect Financial Services brokers have the industry experience to help you source the best possible loan for your circumstances. We know the common pitfalls and have access to a huge range of top-line mortgage products.

Our team can also help explain any potential support, such as the First Home Loan Deposit Scheme. This new kid on the block, a $500 million scheme, aims to help 10,000 first home buyers access the property market each year. The Federal Government scheme will provide a guarantee to eligible first home buyers to purchase a home with deposits as small as five per cent.

While the scheme has its supporters, detractors have labelled it flawed and fear it might push up house prices.

At Konnect Financial Services, we are committed to sourcing great loan options for every individual client. That means we’ll work with you to examine the scheme’s pros and cons to determine its benefit to you.

When it comes to first home buyer loans Geelong people can rest assured our team can make the process easier. We understand the industry, its language and broad range of products. We are also happy to answer any questions you have.

Contact us today to find out more about our fist home buyer loan options in Geelong.