Services
How much can I borrow?
Calculate your borrowing capacity before you start looking at property. The Castle will be able to calculate your total borrowing potential prior to even submitting a mortgage application. This will enable you to assess your purchasing options as well as the relevant monthly loan repayments.
The Castle will also be able to consider which lenders will lend you the greatest amount given your circumstances. This can all be achieved for you with very little effort on your behalf.
Pre Approved Home Loans and Investment Property Loans
A Pre Approved mortgage gives you the certainty to negotiate your best price. The Castle can organise a pre approved mortgage (or Pre Approval) so you can search the market for your desired home or investment property knowing your finance is assured.
The Pre Approval may only be subject to finding a suitable property and will give you the confidence to commence strong negotiations with your agent. This of course is a cost and obligation free service and Pre Approvals can be valid for up to 6 months depending on the lender.
Contact us today and we will get you started!
No Deposit Home Loans Investment Property Loans
Have you considered the potential of borrowing without genuine savings?
The Castle can explore all of your borrowing options regardless of whether you have a deposit or not. With access to 100% of the Property Purchase Price loans and in some cases even 105% (i.e. Purchase Price plus costs) The Castle will enable you to enter the market now rather than having to save for that deposit.
Consider this scenario:
A property that sells today at $360,000 may increase by 15 % over the next 18 months, so while you are saving the traditional 5% deposit of $18,000 the property will have increased in value to $414,000.
With the no Deposit Loan you now have over $50,000 in equity and the deposit you saved of $18,000 in the Bank. Now let’s say you spend the $18,000 on renovations during this time, well now the property may be worth $460,000 and you have created $100,000 in equity. Can you save $100,000 in 18 months?
Contact us today and enter the property market sooner!
First Home buyers
At The Castle we have access to all of the leading mortgages to facilitate this including No Deposit and Interest Only loans.
We also consider the maximisation of your borrowing potential and can advise you of the requirements of the FHOG or First Home Owners Grant and relevant government stamp duty charges.
Contact us today for a free analysis of your options.
Home buyers
Maybe you are looking for a bigger home for your family or a just a change of scenery. At The Castle we will help you explore all of your options such as bridging finance or the holding onto your current home and turning it into an investment property.
After all, your Home is Your Castle!
Contact us today and explore your options our service is free.
Investment property buyers
When financing the purchase of an investment property there are generally two major factors to consider along with the purchase price of the property and the likely rental return.
The first is the total upfront cost at settlement, consisting of government charges and or any deposit required.
The second is the ongoing cost, in the form of mortgage repayments and possible account keeping fees.
At The Castle we will consider both of these to maximise your investing potential as well as managing your cash flow.
Contact us today and we will get you started!
Investment property buyers using legal instruments such as companies and trusts.
The use of companies and trusts to purchase and hold real estate assets is becoming more and more prevalent in the Australian market place. Although we cannot advise you directly and strongly advise the use of a professional in the formation of such an entity we can recommend specialist solicitors for you to consult.
The Castle can structure the most appropriate mortgage when borrowing in this manner.
Contact us today our service is free.
Compare your existing Home Loan
Is now the time to refinance your current loan?
The Castle will compare your options by undertaking a review of your existing loan and will enable you to compare your current interest rate and loan structures with the leading packages currently available in the market.
Refinancing an existing mortgage may enable you to obtain a better interest rate or release equity.
Having the ability to release equity may enable you to consolidate higher interest bearing debt such as personal loans or credit cards in to your mortgage and thus reducing your overall monthly repayments.
Equity release can also be used to fund home renovations or as a deposit on investments such as rental properties.
At The Castle we will also calculate any possible discharge costs and repayment to changes in order to determine if refinancing is appropriate and cost effective for you.
Join our Millionaires Club
Do you currently have or are planning to have in excess of $1,000,000 in loans?
The Castle has developed specific strategies and benefits for clients and applicants with loans in excess of $1,000,000. These include further discounted interest rates, application or annual fee waivers and account set up options to save you money.
All of these can be tailored to your specific needs.
Contact us today to find out more!