OUR

Services

Popovich Financial Services specialises in the following types of loans:


Residential Home Loans

At Popovich Financial Services, we understand buying a home is one of the biggest financial decisions you will make in your life. It’s an exciting time bit can also be daunting. That’s where we come in to assist. We will hold your hand throughout the entire process to ensure your home purchase is done as smoothly and as stress free as possible.

Residential Investment Loans

Investment loans can be structured in a number of possible ways to best suit your current financial situation and to suit the investment you are acquiring.

Self-Managed Super Fund Loans

Invest in SMSF to get greater control of your superannuation assets. You will get attractive concessional tax structure and you can use your superannuation funds as a deposit to purchase property.

Other

  • Construction Finance
  • Debtor Finance
  • Leasing
  • Short Term Caveat Loans/2nd Mortgages

Refinances/Debt Consolidation

Refinancing can be a great way of reviewing your finances and getting the most out of your money. If your mortgage is more than two years old, there is a good chance that your situation has changed and it’s also likely that the market has changed and there may be products available that better suit your current situation.

Commercial Loans

We can assist you whether you are looking for a commercial loan to purchase a commercial property either as an investment or to run your business from. Whether it’s a variable, fixed rate, interest only loan or a line of credit credit , we can match up with the right lender and the right product for you.

Trade and Equipment finance

Trade Finance is the financing of international trade flows. It exists to mitigate or reduce the risks involved in an international trade transaction.

 

 

Residential Home Loans

Buying your new home

At Popovich Financial Services, we understand buying a home is one of the biggest financial decisions you will make in your life. It’s an exciting time bit can also be daunting. That’s where we come in to assist. We will hold your hand throughout the entire process to ensure your home purchase is done as smoothly and as stress free as possible.

First Home Buyers

There are some very important things you need to know about buying your first home:

How Much Can you Borrow?

Before you even start looking at properties it is important to understand how much you can borrow. This varies depending on a number of factors like; how much you earn, what your living expenses/outgoings are, how much you have a deposit. We can do some basic calculations to help you understand how much you can afford to borrow.

We can also arrange for pre-approval of the loan so you can go and find a property with confidence.

    Lenders Mortgage Insurance (LMI)

    Depending on the individual lender’s requirements, Lenders Mortgage Insurance allows you to borrow up to 95% of the purchase price of your home, with a lower deposit than is usually required.

    Traditionally, lenders require borrowers to have at least a 20% deposit. However by using Lenders Mortgage Insurance, lenders are able to offer lower deposit home loans. Lenders Mortgage Insurance protects the lender if a borrower is unable to meet their mortgage repayments and the property has to be sold.

    Note: Lenders Mortgage Insurance should not be mistaken for Mortgage Protection Insurance, which covers your mortgage repayments in the event of death, sickness, unemployment or disability.

     

    Understanding the purchasing costs

    Government Fees and other associated costs:

    • Transfer of Land Fee (Formerly known as Stamp Duty)
    • Other Transfer Fees
    • Mortgage Application Fees
    • Mortgage Registration Fees
    • Conveyancer/Solicitor Costs
    • Lenders Mortgage Insurance (LMI)
    • Property Inspection Fees (Building and Pest)
    • Moving Costs

    How much deposit will you need?

    As a general rule, you will require a minimum of 10% of the value of the property.

    Residential Investment Loans

    Investment loans

    Investment loans can be structured in a number of possible ways to best suit your current financial situation and to suit the investment you are acquiring.

    Benefits on Investments Loans

    • Build wealth through capital growth
    • Taking control of your finances to ensure you can have the retirement and the future you desire
    • Tax benefits whilst you are working
    • Building a passive income to support your lifestyle in the future

    Refinances and Debt Consolidation

    Refinancing

    Refinancing can be a great way of reviewing your finances and getting the most out of your money. If your mortgage is more than two years old, there is a good chance that your situation has changed and it’s also likely that the market has changed and there may be products available that better suit your current situation.

    Why Refinance?

    • Access a lower interest rate
    • Get a better and more suitable loan product with extra features such as an offset account or redraw facility etc.
    • Fix your interest rate to provide peace of mind and security
    • Access equity in your property to finance a renovation or purchase an investment property.

    Debt Consolidation

    Debt consolidation involves rolling all your debts into one loan. Debt consolidation can be useful if you have loans other than just your Home mortgage, for example a car loan, personal loan, store or credit cards.

    Why consolidate?

    • Reduce interest payable by switching over to a lower interest rate through your mortgage.
    • Reduce overall monthly repayments
    • Take control of your finances
     

    Commercial Loans

    We can assist you whether you are looking for a commercial loan to purchase a commercial property either as an investment or to run your business from. Whether it’s a variable, fixed rate, interest only loan or a line of credit credit , we can match up with the right lender and the right product for you.

    Due to my thorough understanding of small business (both from an operating side as well as from a financial providers side) we know that managing cash flow is vital for the day to day running of your business. We also understand that to grow your business you may need to invest into plant or equipment or additional funding might be required to fund advertising, employment and training of new staff etc.

    Self-Managed Super Fund Loans

    Why Invest in property through a SMSF?

    • Greater control of your superannuation assets
    • Attractive concessional tax structure
    • Using your superannuation funds as a deposit to purchase property
    • If the rental income and your compulsory contribution payments covers the properties expenses than this strategy should not impact on your personal cash flow.

    Trade and Equipment Finance

    Trade Finance

    Trade Finance is the financing of international trade flows. It exists to mitigate or reduce the risks involved in an international trade transaction.

    There are two players in a trade transaction: (1)An Exporter – who requires payment for their goods or services and (2)An Importer – who wants to make sure they are paying for the correct quality and quantity of goods.

    Equipment Finance

    Whether its machinery, equipment or new technology we will make sure you get the right finance solutions to your business.

    Equipment Finance Options:

    • Equipment Loan. The Bank provides full or partial funding for the equipment, taking a mortgage over it until the end of the loan.
    • Finance Lease. The Bank owns the equipment and leases it back to you, with the option to refinance and purchase it outright.
    • Hire Purchase. The Bank buys the equipment and your business pays for the asset in instalments. After the final payment, you own it.
    • Equipment Term Rental. The Bank will make the purchase and rent it back to you for a fixed term and rate.

    Construction Finance/Home Improvement Loans

    A Construction Loan is specifically designed for people building a house or for serious structural renovations. It’s a progress based loan, where instead of receiving the full loan at once, amounts are received at specific points throughout stages of the construction process. The good thing about this is that you only pay interest on the amount that you have drawn. This means that you don’t begin making full repayments until your houses is complete. You can pay interest-only throughout the build.

    Debtor Finance

    Debtor/Invoice Finance is a short-term cash flow arrangement. It provides access to fund based on the strength of your debtor ledger.

    This is how it works:

    1. You sell your uncollected invoices to the bank
    2. The bank will make up to 80% of the eligible invoice value available within one business day
    3. You access the funds as you need
    4. Your loan is reduced as debtors pay into your account
    5. The bank provides you with more funding when you submit new invoices.

    Debtor and Invoice Finance may be suitable for your business if you:

    • Offer payment terms to your business customers
    • Experience seasonal and day-to-day fluctuations in cash flow
    • Turnover in excess of $2M of good and services
    • Offer trade payment terms of between 30 and 60 days.

    Vehicle Finance/Leasing

    Vehicle Finance is a smart tool to help your business run at its best. It allows you to keep capital in your business.

    There a number of options available to assist you in financing your next motor vehicle:

    • Finance Lease. The Bank/Financier owns the equipment and leases it to you, with the option to refinance and purchase it outright.
    • Hire Purchase. The Bank buys the equipment and your business pays for the asset in instalments. After the final payment, you own it.
    • Business Vehicle Loan. You own the vehicle and the bank provides full or partial funding, taking a mortgage over it until the end of the loan.