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Imagine ‘future you’ in a few months’ time, sitting in your new lounge room,
in your dream home, watching Netflix and chillin’… thinking that was freakin’ easy...
why didn’t I do this ages ago?
You’d finally have a space you can call your own… near your favourite cafe’s and restaurants, easy access to transport… you’ll feel secure that this home is yours (and you can put picture hooks wherever you damn please!)… you’ll feel secure knowing you
own an appreciating asset (yup, that fancy adult thing your parents talk about).
So ask yourself… are you sick and tired of answering to the landlord (or Mum & Dad)?
Are you fed up of not knowing where to start or who to trust? Sick of worrying if you’ll ever ‘qualify’ to buy your own home? Or worried whether you’ll get a crap home loan or pay too much for the property? Or are you so paralysed by options so it’s easier not to start?
Then stop the stress and frustration of trying to guess where to start and use our proven winning strategies that eliminate 99% of the shit that isn’t applicable to you so you can focus on the 1% that is.
Every barrier you have around buying your home boils down to 3 things:
Will I get approved? Will I get the best deal (home, home loan, price)? And what are the steps in the process?
We’ve helped people just like you fund over $250,000,000 of property, be it their dream home or investment. By using these strategies, you can have the edge and take the throne and build your empire.
And for the record, the people we’ve helped have had all kinds of barriers.
Probation, self-employed, contractors, small deposit, no deposit, maternity leave,
less than awesome credit history – the list goes on. Or just a fear of the process.
All they did differently was decide enough was enough. They focused with a terminator gaze and executed until their dream was a reality.
Sounds hard to believe, but it’s true. In fact, we’re so confident we can help, we guarantee it. If we don’t achieve your big fat goal in 90 days, or die trying to get you there with OTT value and nurturing, we’ll gift you $100, no questions asked. Ask anyone else if they’ll offer you this guarantee and watch them retreat.
And once you realise how easy it can be, you’ll want more. Whilst only 7% of
Australians own 1 or more investment properties, a staggering 61% of Prez clients
have an investment property portfolio.
Most banks and brokers don’t appreciate this is the biggest freakin’ transaction of your life and you don’t want to f*ck it up, right? Yet every ad you’ll see from them is claiming they have the ‘best rate’. Who cares? Do they know it’s 2020 and you can jump online and
source the best deal yourself in seconds?
But what you won’t find on a comparison website is the secret sauce – education. And the actual psychology required to go forth and conquer. Because buying a property is 80% mindset and 20% action, yet everyone focuses on the latter only.
Prepare a winning mindset so your goal is so loud and clear that the action becomes easy.
Ready? Let’s do this!
Dear Dream Chaser & Action Taker
What You Can Expect
When You Choose Prez
98% Approval Rate
One of the highest approval rates across Mortgage Brokers in Australia
Market average loan rejection rate is 60%, based on a survey of 52,000 households by Digital Finance Analytics.
5 Star Reviews
Highly rated & reviewed Mortgage Broker on Facebook and Google
We love it when our customers do the talking and share how we are doing. Proof is in the pudding!
Direct Bank Access
Direct access to Australia’s top lenders including the 'Big 4' banks
We'll do the dirty work so you don't have to. Rates, fees & features considered, so you can compare apples with apples.
We'll Find A Home Loan
That Best Suits You
We work for you to make your first home, next home or property investment portfolio dreams become reality.
First Home Buyer
First time buying a house or
apartment? Save yourself pain &
time by using an expert.
We help first home buyers just like you own their first property. Tell us about your goal & we’ll make sure you can buy your first home without the stress of the unknowns or risking learning the hard way.
Home Upgrader
Outgrown your current home?
Sounds like you might be
in need of an upgrade.
Whether it’s feeling a little cramped, or you’re ready to take the next step up on the property ladder, it might be time to upgrade. We’ll review your financial situation & present funding options for your upgrade.
Property Investor
Want to build wealth & generate
passive income? Investing in
property might be your solution.
With time being your most precious commodity, we’ll team up with you & help you achieve your portfolio goals in the most efficient way possible. Being investors ourselves, we'll share our knowledge along the way.
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'Walk Away'
Power Guarantee
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We’ve helped people just like you fund over $250,000,000 of property, be it their dream home or investment. By using these strategies you can have the edge, take the throne and build your empire.
And for the record, the people we’ve helped have had all kinds of barriers. Probation, self-employed, contractors, small deposit, no deposit, maternity leave, less than awesome credit history… the list goes on. Or just a fear of the process.
All they did differently was decide enough was enough. They focused with a terminator gaze and executed fiercely until their goal was reality. Sounds hard to believe, but it’s true.
In fact, we’re so confident we can help, we guarantee it. If we don’t achieve your property goal in 90 days, or identify exactly what you need to do to get there, we’ll gift you $100, no questions asked. Ask anyone else if they’ll offer you this type of guarantee and watch them retreat. 🤯
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What does principal and interest mean?Principal is how much money you have borrowed from the Lender. Interest is the extra money you must pay back the Lender for borrowing that money. When you take out a loan with a Lender you are obliged to pay back both the principal and the interest charged for the agreed time period (or shorter if you pay it off sooner of course).
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Principal and interest vs interest only repaymentsPrincipal and interest repayments pay both the principal and interest parts of your loan balance at the same time. This is the most common loan type for owner-occupied purchases. This type of loan is designed to be repaid in full over the life of the loan. The loan is usually repaid over an agreed period of time, commonly 25 or 30 years. Interest only repayments pay only the interest on the principal amount you have borrowed from the Lender for an agreed period (usually up to 5 years). After the agreed period, you need to start repaying both interest and the principal parts of your loan balance, and you’ll have less time to do it in. This means the repayments after the interest-only period will be significantly higher. This is the most common loan type for investors as repayments are lower for the interest only period maximising cash flow. The loan is usually repaid over an agreed period of time, such as 25 or 30 years.
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Variable rate vs fixed rateVariable rate means your interest rate can change as decided by your Lender. This means your repayments can change too. If the interest rates go up, so do your repayments. If the interest rates go down, so do your repayments. This is the most common type of home loan rate. With this rate type, you can also make extra repayments to your home loan which reduces the life of your loan. Fixed rate home loans lock in the interest rate for a period of time – up to 5 years. This means when interest rates change it won’t affect your repayments during that period of time, they stay the same. Sometimes people are worried about the interest rates going up, and so they may choose a fixed rate so they know their repayments won’t change over an agreed part of the loan period. Often there is a large exit fee if you decide to close the loan before the fixed period ends, so if you don’t know what is going to happen in the short term this may not be most suitable for you. Most lenders also restrict extra repayments to a maximum of $10,000 per year, it’s best to check this out too with the Lender if you intend on making extra repayments.
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What’s a loan split?A loan split is where part of your loan has variable rate and the other part is a fixed rate. You might consider a split loan if you want the security of regular payments on part of your loan, but also want to take advantage of interest rate drops on the other part of your loan. A common reason to split is also purpose based – e.g. part investment, part owner-occupied, keeping splits separate for tax purposes. There are usually no restrictions on making additional repayments on the variable part of your loan. Remember, fixing part of your loan gives you less flexibility than a fully variable rate loan so if you need to refinance during the fixed period, there would be an early break fee you would need to pay to exit the loan. Splits can be any combination. They can be all variable or all fixed or a combination of both. Fixed & variable is common, however other reasons to split could be purpose based e.g. part investment, part owner-occupied, keeping splits separate for tax purposes. You can choose what best suits your needs.
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What’s a honeymoon rate?Some Lenders offer low interest rates for the first 1 or 2 years of your loan, these are called ‘honeymoon rates.’ Before taking up this option, find out what the interest rate will be when the ‘honeymoon’ period ends so you know what follows. This option usually reverts to a much higher rate than non-honeymoon products so make sure you know the ins and outs!
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Why do interest rates matter so much?The interest rate on your home loan determines the amount of interest you pay on your borrowed amount, over the life of the loan. A change in rate can make a big difference over the loan term. Consider this example of a standard variable home loan with principal and interest repayments over a 30 year loan term: If you had a rate of 4.0% and interest rates fell in the first year by 0.25% to 3.75%, your monthly repayments would start at $3,580 and could drop to $3,473 a month, on a loan of $750,000. You would save around $38,609 in interest over a 30-year loan term as a result of interest rates falling. Keep in mind that the majority of people paying principal and interest repayments do NOT reduce their repayments if interest rates drop. They simply keep them the same – meaning additional amount comes off the principal reducing the life of the loan.
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What's an offset account?An offset account is a savings account that is linked to your home loan. With an offset account, your Lender will work out how much interest to charge you by taking any money in this account off your home loan account balance and then calculate the interest charged on the reduced amount. For example: If you have $80,000 savings in your offset account, and you have a $500,000 home loan balance, the amount of interest charged is worked out on the difference which would be based on $420,000 in this case. 100% offset accounts are the most attractive and work like any other savings account – they are as accessible as any normal savings account and you can use it as normal to pay for things or withdraw cash or make deposits. You have access to ALL funds in an offset account. The difference is it is linked to your home loan account to reduce the interest you need to pay. With an offset account, you’ll have the same repayment, but more of that amount will be going towards paying down the principal loan balance, and less going towards interest. Because you are paying less interest during the course of your home loan, you’ll pay it off faster saving time and money! There is usually a cost involved in having an offset account, which is often a monthly fee. Also note that not all Lenders offer this facility. Check with your Prez Home Loan expert to find out the details if you want this type of account activated for your home loan.
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What’s a redraw facility?A redraw facility is a loan feature that lets you withdraw funds in excess of your regular repayments you may have made during the course of your home loan. Redraw facilities are not all the same. Some Lenders will limit you to as few as two redraws per year. Others will charge you up to $50 per withdrawal, and some require written notice of withdrawal of funds. Look for a redraw facility that provides you with maximum flexibility at minimum cost. If you’re intending to use the account for day-to-day transactions, an offset account may be a more attractive option than a more restrictive redraw facility. In terms of interest savings, a redraw facility has much the same effect as a 100% offset account. When some niche Lenders don’t have access to run offset accounts, a redraw facility is the alternative.
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What do I need to apply for a loan?Property Address Buying? We’ll need the address of your new home and estimated value. If you are getting a pre-approval, sometimes we may need the proposed postcode(s) and the property type as some Lenders have restrictions on where and what type of property they will lend against. Refinancing? We’ll need the address of your current home and estimated value. Loan Amount How much deposit do you have for your home loan? What do you need to borrow? ID We need current identification to submit to the Lender to confirm your identity. A driver’s license, passport and Medicare card are used to identify you. Income We’ll need your yearly income before tax (gross), with 2 recent payslips to validate it. If you are self-employed we’ll need a bit more from you: two years of personal tax returns and tax assessment notices are required. If you have a company structure, we will also need two years of company financial statements and tax returns. Expenses Estimates of your running expenses are needed to factor into your application. These are expenses like electricity, food, rent, childcare and entertainment. Assets Estimates of the monetary value of the items you own. This includes current property, savings, motor vehicles, home and contents insurance, shares, superannuation, boats, jewellery etc. Most Recent Statements of Bank Accounts (Savings, Loan and Credit Cards) You can use our partner, bankstatements.com.au, to autogenerate statements for you and they will be sent direct to us for your application. Alternatively, you can supply these yourself of course via email or hard copy.
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What are the potential upfront costs when buying a property?When you buy a new home, there are upfront costs which you’ll need to consider to make it all happen. If you’re looking at buying an additional property and you have home equity, you may be able to use this towards your upfront costs. Let’s have a look at what you may need to account for. 1. Your Home Loan Deposit Lenders are asking for at least 5% of the property value as a deposit. Anything less than 20% deposit incurs Lenders Mortgage Insurance. This is not the holding deposit you pay the Real Estate to secure your property – this is a home loan deposit. 2. Lenders Mortgage Insurance Lenders Mortgage Insurance (LMI) is a once off payment which is paid to an insurer of the Lender in the event you can’t make your repayments. It’s a worst case scenario type of insurance for the Lender to make sure they are covered. With a small deposit it’s a greater risk for the Lender, that’s why the LMI is scaled till you hit 20%. If you have 20% deposit you won’t pay any LMI. LMI is added to the final home loan amount in majority of cases. 3. Stamp Duty Yes, it’s a State Government tax – and unfortunately most of us have to pay it at one time or another. Nobody really likes this one! The tax is based on the purchase price of the property, with each state or territory having its own way of doing things. In some circumstances Stamp Duty can be waived, such as in NSW for first home buyers to help them enter the market. 4. Mortgage registration and title transfer This is also a must-pay fee to the State Government to transfer your new property into your name. This is really an administration fee to make your new purchase officially yours! 5. Loan application fee A Lender may change a fee for processing your application and settling your loan. We can let you know any upfront or ongoing fees associated with your home loan package when you apply. 6. Valuation fee Often this is free of charge. Some Lenders and depending on the circumstance, may need to charge a valuation fee. The fee covers an independent valuer to assess the amount your property (current or new) based on the current market and report this to the Lender. 7. Conveyancer fee This money is well spent in our experience! A conveyancer will charge you to prepare your loan documents (such as the contract of sale and memorandum of transfer) and to liaise with your Lender and existing property owner on your behalf. You can legally manage the settlement of a property yourself, however it is best to get legal representation and protect your interests given this is such a big purchase! Costs can vary based on the circumstance or your conveyancer may charge a flat fee per transaction.
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How do I pay my loan?When your home loan is active (when your property has settled), the next stage is setting up an automated payment schedule so you can make your regular loan repayments such as a direct debit. Your loan contract will always show a monthly repayment amount by default, however you will receive a letter from the bank after settlement to confirm payment set up – weekly, fortnightly, or monthly repayments. It is easy to change the repayment frequency over the phone with your Lender if there are any problems with the initial set up. For variable rate loans, you may also choose to make additional repayments to reduce the life of your loan, just make these whenever you choose as they are additional to what is required to service the loan.
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What is a pre-approval?With a pre-approval, we work with you and the Lender to secure a home loan based on your current position before you find your new property. Often first home buyers opt for this as they are unsure how much they can borrow and of their credit rating as have never secured a home loan before. We conduct an application based on your current borrowing capacity. This enables you to know exactly what you can borrow and start shopping in the price range you can afford. When you have a pre-approval, there are less chances of things going south during a purchase and often can be used to take a property off market sooner as agents know you are a serious buyer. If you decide to make an offer you can act promptly with a pre-approval as your home loan is certain (given you have met the terms and conditions of the Lender and your circumstances haven’t changed from the time it was issued). With a pre-approval you are also able to bid with certainty at an auction knowing you have finance sorted for the purchase.
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Who is bankstatements.com.au?If you apply for a home loan with Prez, there may be a time where we offer you a chance to use our partner, bankstatements.com.au, which retrieve your statements quickly on your behalf. The process is that you log in using your existing online banking details and with one click your statements will get emailed to Prez Home Loans – it’s that easy, saving you time and the hassle. And importantly it’s secure – their data is encrypted with 256-bit encryption, secured by 2048-bit keys which is the same level of encryption that the banks use. Let us know if we need to send you the link to this service. If you’re not comfortable, just let us know as we can work with you to get the bank statements we need.
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Why are bank statements important for your home loan application?Your bank statements will show your income, that you are regularly paid wages, any other loan or credit card repayments and your living expenses. These factors help determine that you can afford to pay back the loan and are used when we do the numbers side of your application.
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What type of loans does Prez Home Loans offer?With so many different Lenders and home loan options, it can be overwhelming. Let us help sort the most suitable options available for a home loan for you – if you need help just ask. Here’s the types of home loans we offer: Owner-occupied Construction Investment Renovation Debt Consolidation. And here are the options available depending on the type of loan you apply for: Fixed Rate Home Loan Variable Rate Home Loan Interest Only Home Loan Low Doc Home Loan Honeymoon Home Loan.
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Who else can I apply for a home loan with?We all come in different shapes and sizes, and so do our home loan applications - if you are single, married, have a life partner, or have a likeminded friend – we can help with your home loan application! And if you need guarantors to help you with your first purchase, we can help with that one too.
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Why should I use a Mortgage Broker like Prez Home Loans?As Mortgage Brokers, we are often called home loan experts. Comparing hundreds of home loans from the top Australian Lenders, we simplify your options, fast. Our panel of top Australian Lenders (of which we are accredited with), gives us access to a huge array of home loan products. With greater access to what’s on offer in the home loan market, we can do the shopping around for you and weed out the good from the bad. Gone are the days you only have access to a home loan with the Lender you started your first savings account with – you have choice and with Prez Home Loans as your partner, we’ll work with you to help you choose what best suits you and your lifestyle. We love negotiating a better deal to find you the most suitable home loan, every time. We work for you, not the Lenders. And best of all, our service is completely free! We get paid directly by the Lenders for arranging the loan on your behalf Plus as time passes, we’ll make sure you’re always getting the best possible interest rate from the bank. We communicate in terms you’ll understand and help with all the paperwork. We deal with the Lenders, so you don’t have to. Excited? Book for a free strategy call and tell us about your big plans today. We’re listening.
Prez Home Loans
We are a highly recommended Mortgage Broker based in Sydney, NSW Australia. We work for you to make your first home, next home or investment portfolio dreams become reality.
Expertise
First Home Buyer
Home Upgrader
Refinancing
Property Investor
Get In Touch 👇
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