Additional Services
On top of offering you great advice, we can also offer you additional services for your loan requirements.
- Insurance
- Financial Planning
- Property Profiles
Insurance
What is Mortgage Insurance?
Mortgage insurance covers the mortgagee from from missed payments due to injury, sickness or even unemployment. Note that mortgage insurance is not required to take out your loan, but may be needed in order for you to take out your loan. Mortgage insurance is used in most cases where the loan amount exceeds 80% of the propertys’ value. Mortgage insurance can cover payments of periods between 12 months and 5 years. Critical illnesses are generally not included in mortgage insurance as mortgage insurance implies that the mortgagees’ illness is temporary and recoverable. A mortgage insurance premium is typically 1% of the total sum loaned and can decrease over the life of the loan.
Financial Planning
What is Financial Planning?
Not only do Australian Home Loans Made Easy to obtain a loan, we can also help you manage it after you are approved. With financial planning, we make sure your current AND long-term expectations are met for your loan. But what does this mean? There are three definitive stages in financial planning which are: gathering information, analysis of that information and suitable recommendations and finally the implementation and review of that recommendation.
- Step one: Gathering Information
As part of the initial phase, we will ask you many questions relating to your current financial situation, including where you see your finances in the long and short term aspects. Your assets and liabilities will be assessed along with your expenses and your income. Your financial planner is there to help you- they do not judge you and there are no ‘right or wrong answers’. - Step two: Anaylsis and Recommendations
Now that your financial planner has a clear picture on you and your situation, they can make suitable recommendations on what your options are. When you meet with your financial planner be sure to ask plenty of questions and fully understand what you are committing to before you sign anything. Once you are happy with your recommendation, your financial planner will give you the appropriate forms to complete. - Step three: Implementation and Review
Now that the paperwork is complete, you may need to consolidate funds or remaining balances on any loans. Your financial planner will ease you into a smooth implementation and remain with you for the review of the plan in case you have any questions or problems.
Property Profiles
A property profile gives you a financial ‘snapshot’ of a particular suburb or area to see how its growing economically. To view our property profile tool click the following link and then the tab “How is your Suburb Tracking?”
