LEADING PEOPLE IN BUSINESS AND FINANCIAL ADVICE
WHY CHOOSE NATIONWIDE?
Nationwide Finance Pty Ltd (‘Nationwide Finance’ ACL 386946) is a mortgage and financial services company. Nationwide Finance was created to fill a niche in the market place where quality customer service has been lacking. It is the customer’s right to receive honest, straight forward advice on what loan package suits their real needs and even more beneficial when that information is provided in a customer friendly, uncomplicated manner. The aim of the company is to fulfil the customer’s needs, with a personal, professional approach, and uncomplicated process, a variety of choice and personal, honest communication which puts them at ease when making their decision. We pride ourselves on our independence and the strong relationships with out clients, business partners and lenders. Our business philosophy is simple – We make things happen.
OUR LOANS AT NATIONWIDE...
Variable Rate Loans The interest rate on a variable rate loan will vary over the life of the loan in line with the Reserve Bank of Australia’s (RBA) official cash rate, albeit that the rate on the loan will be higher than the RBA’s official rate. Fixed Rate Loans A Fixed Rate loan typically allows one the ability to lock in the interest rate for a period of 1 to 10 years on a principal and interest (P&I) basis, or for 1 to 5 years for an interest only facility. The interest only loan is often chosen for investment property purchases as any principal payment on the loan is non-tax deductible whereas all interest payments are deductible. Line Of Credit With this type of loan, you can access funds up to your approved limit at any time. Your salary can be paid directly into the loan account and you can access the balance of the loan at any time – like a credit card. You can use these funds to purchase shares, go on holiday, buy a new car, and start home renovations or so much more!
OUR LOANS AT NATIONWIDE...
Professional Package Loans A professional home package provides you with a range of discounts on bank accounts and lending products in exchange for an annual package fee. The amount of the discount offered by the lender is determined by the total size of the borrowings. The more you borrow the larger the discount offered. The size of the discount off the standard variable rate ranges up to 0.80% p.a. This discount applies for the life of the loan or until the professional package is cancelled by you. Lo Doc Loans These types of loans have risen greatly in popularity in recent years. They are predominantly aimed at the self-employed and business owners, but many others are taking advantage of them including casual & contract workers. The appeal of these loans is the fact that borrowers do not need to furnish documentation to the lender to substantiate their income. Borrowers need only sign a declaration stating their income.
OUR LOANS AT NATIONWIDE...
Reverse Mortgage Loans As governments put more responsibility on individuals to fund their own retirements, many people find that their super and other income sources such as the pension don’t provide enough money to support the lifestyle they want. An obvious option is to sell their biggest asset – their home, but that too may be part of the way they want to live. This is where a reverse mortgage may provide the answer. A reverse mortgage is available to residential property owners over 60. It allows you to release funds using the equity in your home. You can use these funds as an income stream or for personal lifestyle needs like travel, home improvements etc. This is just a basic overview of some of our loan products. Please visit us at www.nationwidefinance.com.au for more information.
FINDING YOUR DREAM HOME...
Commitment Phobia is an Issue for Many Home Buyers Imagine finding your dream home after months of looking only to find yourself unable to make an offer when it’s time to lay your cards on the table. While most house hunters will jump at the opportunity to make an offer, there are many who just can’t bring themselves to do it – the ‘commitaphobes’. Making an offer for a house, something often done with little apprehension in previous generations, is now plagued with concern and fear of making the wrong decisions. Commitaphobes often find themselves asking ‘what if’ questions. What if I don’t like the home? What if you have to move for work? What if I can’t make my repayments? David was terrified of buying his first home and freely admits he was scared of the commitment. “Even though I knew I was ready to buy a house, the thought of committing myself to a property for the foreseeable future left me petrified. I just kept making excuses not to put in an offer.” The process has recently been made more difficult for commitaphobes due to the current buyer’s market. Many feel there could be something better out there they may miss out on.
FINDING YOUR DREAM HOME...
“I found a place that was perfect but I kept worrying that I might be making a mistake” says David. “What if it dropped in value or I didn’t like the place in six months’ time?” When it comes to making the leap into home ownership there are a few steps you can take to address your doubts and make submitting an offer less daunting. Practice your repayments: calculate the potential repayments of your future loan and put aside that amount from your regular income. Practicing your repayments will make it easier to deal with the real thing when the time comes and give you confidence you can do it. Talk to others in the know: speaking to someone who has been through the process of buying a house will help ease concerns and make you more comfortable taking the next step. Speak to a mortgage broker: A Nationwide Finance mortgage broker will be able to guide you through the application process and help empower you to make the right move.
527 Salisbury Highway, Parafield Gardens, SA, 5107 Telephone: +61 8 8250 9434 Facsimile: +61 8 8250 5923 Email: info@nationwidefinance.com.au Web: www.nationwidefinance.com.au