Mortgage Brokers in Perth Helping More Australians Become Property Investors
Announcement posted by Purely Finance 28 Aug 2015
According to Nick Aves of Purely Finance, most people have more resources to invest in property than they think they have.
Perth, WA, 28 August 2015 - In more than 30 years of experience with the home loan industry in the Perth market, Mr Aves has managed investment property portfolios totalling more than $65 million. Mr Aves is now the director and credit advisor of Purely Finance, a firm that specialises in helping investors obtain properties and grow their portfolios.
Mr Aves has seen a lot in his 30 years. He has helped numerous investors obtain their first investment properties and helped them grow their portfolios, allowing many to retire early and prosperous. According to Mr Aves, investors today face a problem that every investor before them has faced: they think they don’t have enough money to invest.
Mr Aves is firm in his belief due to experience: “Almost every first time investor I have ever worked with came in wondering where he or she was going to get the money to buy that first property. Many of these small investors are now among our largest accounts. I tell would-be investors the same thing now that I did 30 years ago: you have more money to invest than you think you do.”
The Leverage of Home Equity
One of the more popular sources of investment income for startup investors is the equity they already have in their owner-occupied homes. In a time when the market is growing, home equity can rise faster than some homeowners imagine. When they solicit a mortgage broker or financial planner such as Mr Aves, they find out that their homes possess more than enough equity to fund the deposit for an investment property.
Capitalising and Cutting Costs
Even those who don’t have 20% available can often obtain financing if they obtain Lenders Mortgage Insurance (LMI). Lenders will often take as low as a 5% deposit if the owner takes out an insurance policy to help the lender protect their investment. This can be rolled into the home loan and paid as a small monthly payment. This is called capitalising the cost of the LMI.
There are also some benefits to buying a home “off the plan.” This means buying the property and having the home built by the developer after the property has been bought. Not only do developers give a discounted price, the buyer also doesn’t have to pay stamp duty on the building. This saves a lot of money in up-front costs, but it doesn’t stop there. Those who build new investment homes can also depreciate the cost of their building, saving them more in taxes.
Good Planning is Important
In a competitive and ever-changing marketplace, it is important for prospective investors to enlist the help of a competent, professional financial planner and mortgage broker. According to Mr Aves:
“If you want to make the most money investing, you need a great mortgage broker and a great financial planner. Ideally, both will be under the same roof. That is exactly what we offer at Purely Finance.”
Purely Finance is a firm of mortgage brokers and financial planners who serve the Perth area. They specialise in helping property investors buy homes and manage their assets. They have more than 100 years in combined industry experience. To learn more or for a free consult, call (08) 9453 8888 or visit their website: http://www.purelyfinance.com.au/.
Mr Aves has seen a lot in his 30 years. He has helped numerous investors obtain their first investment properties and helped them grow their portfolios, allowing many to retire early and prosperous. According to Mr Aves, investors today face a problem that every investor before them has faced: they think they don’t have enough money to invest.
Mr Aves is firm in his belief due to experience: “Almost every first time investor I have ever worked with came in wondering where he or she was going to get the money to buy that first property. Many of these small investors are now among our largest accounts. I tell would-be investors the same thing now that I did 30 years ago: you have more money to invest than you think you do.”
The Leverage of Home Equity
One of the more popular sources of investment income for startup investors is the equity they already have in their owner-occupied homes. In a time when the market is growing, home equity can rise faster than some homeowners imagine. When they solicit a mortgage broker or financial planner such as Mr Aves, they find out that their homes possess more than enough equity to fund the deposit for an investment property.
Capitalising and Cutting Costs
Even those who don’t have 20% available can often obtain financing if they obtain Lenders Mortgage Insurance (LMI). Lenders will often take as low as a 5% deposit if the owner takes out an insurance policy to help the lender protect their investment. This can be rolled into the home loan and paid as a small monthly payment. This is called capitalising the cost of the LMI.
There are also some benefits to buying a home “off the plan.” This means buying the property and having the home built by the developer after the property has been bought. Not only do developers give a discounted price, the buyer also doesn’t have to pay stamp duty on the building. This saves a lot of money in up-front costs, but it doesn’t stop there. Those who build new investment homes can also depreciate the cost of their building, saving them more in taxes.
Good Planning is Important
In a competitive and ever-changing marketplace, it is important for prospective investors to enlist the help of a competent, professional financial planner and mortgage broker. According to Mr Aves:
“If you want to make the most money investing, you need a great mortgage broker and a great financial planner. Ideally, both will be under the same roof. That is exactly what we offer at Purely Finance.”
Purely Finance is a firm of mortgage brokers and financial planners who serve the Perth area. They specialise in helping property investors buy homes and manage their assets. They have more than 100 years in combined industry experience. To learn more or for a free consult, call (08) 9453 8888 or visit their website: http://www.purelyfinance.com.au/.