Take Control Of Your Future With A Superannuation Loan.

If you have a self-managed super fund (SMSF), you may be eligible to borrow money to finance an investment property.

We are a SMSF Property Lender and Broker

If you are part of a self-managed super fund (SMSF) or an individual or a corporate trustee of an SMSF then investing in property is a great way to grow this retirement nest egg and maximise the funds paid out to its members.

The primary difference between an SMSF and industry or retail superannuation funds is that you have direct control over where your money is invested, making these funds a highly popular option. Another key difference is that these agreements are able to borrow money to invest in residential or commercial property with the property to be held in trust until the loan is fully paid out.

These properties then become owned by the SMSF which means they provide ongoing income for members and trustees when they reach retirement age so that they can have a secure and comfortable income in their retirement.

Wondering if an SMSF loan is right for you?

Having a Self Managed Superannuation Fund (SMSF) means you have direct control over where your money is invested. Investing superannuation funds into property is an increasingly popular and attractive way to plan for the future. Once you’ve consulted with your financial planner or accountant, we’ll compare lending products suitable for your fund, guide you through the process, and help you long after settlement.

Benefit from clear, expert advice.

Self Managed Superannuation Fund home loans are much more complicated than your average loan. Between government legislation and a multi-step application process, there is a lot to decipher and manage. Your SMSF property loan approval largely depends on the quality of your application, so it’s essential you put your best foot forward. That’s where we come in.

We do the legwork so you don’t have to.

There is a small niche of lenders who specialise in SMSF property lending, and we maintain positive, longstanding relationships with many of them as part of our lender network. Don’t spend valuable time chasing down and comparing lenders who may not be able to assist you. Leave the legwork to our team of mortgage experts.

Let Axton Finance help cut through the red tape

While SMSF loans are a great way to boost the savings in a fund, they are much more complex than regular agreements, and there are many layers of government-enforced red tape to get through before the amount is approved.

There are restrictions, for example, these forms of financing solutions usually only allow up to 70 per cent leverage, 30-year terms and a capped five years of interest-only repayments. There is also usually a minimum amount of $100,000 and the maximum is determined by your financial position.

It is also a complex, multi-tiered application process and many hurdles to overcome before your loan is approved. The team at Axton Finance can help you cut through all of this jargon, putting it all in simple terms for you and accelerating the approval process so that you can invest in residential and commercial properties soon – which means more profits for the members and trustees at the end of the day.

Not all mortgage house SMSF lenders will issue a loan

Another key fact to remember is not all banks and lending institutions handle these circumstances, and there are only a select few that do. Axton Finance has worked hard over the last decade to cultivate and maintain relationships with these lenders to ensure you have the best chance of approval with the right rates, fees and terms and conditions. Speak to our team today and let us help you grow your super fund.

Frequently Asked Questions

1

What types of home loans do you offer?

At Ammolite Finance, we understand that every individual’s financial situation and homeownership goals are unique. That’s why we offer a diverse range of home loan options tailored to meet your specific needs. Our home loan products include:

Variable Rate Home Loans: With interest rates that fluctuate based on market conditions, these loans offer flexibility and potential cost savings over the long term.
Fixed Rate Home Loans: If you prefer stability and want to lock in a consistent interest rate for a set period, our fixed-rate loans might be the ideal choice for you.
First Home Buyer Loans: Designed to assist first-time homebuyers, these loans often come with favourable terms and government incentives to help you get started on the property ladder.
Investment Home Loans: If you’re looking to invest in property, our investment home loans provide options to help grow your property portfolio with a tailored structure that meets your cash flow needs.
Refinancing Solutions: We also offer refinancing options to help you secure a better interest rate, access equity, or consolidate debt.

Our experienced mortgage brokers will guide you through the available options and assist you in finding the best home loan solution for your circumstances.

2

What is home loan refinancing, and how can it benefit me?

Refinancing your home loan involves comparing your existing home or investment loan with what is available in the wider market and if it makes financial sense it is swapped out with a new mortgage agreement typically with a new lender.. This process allows you to take advantage of better interest rates, more favourable loan terms, or access equity in your property to spend on almost anything you like. At Ammolite Finance, we understand that your financial situation and needs can change over time, and refinancing offers an opportunity to optimise your home loan. Here are some ways refinancing may benefit you:

Lower Interest Rates: If market conditions have shifted or your lending capacity and credit score is good, refinancing can lead to lower interest rates and cheaper monthly repayments. You can use the monthly savings and plough them back into the loan to help speed up your debt reduction plans or use the savings for any other of life’s demands.
Accessing Equity: If your property has increased in value or you’ve made significant repayments, you may have built up equity. Equity is simply the difference between the value of your property and the amount owing on it. Refinancing allows you to access this equity, which you can use for home improvements, investments, consolidating debts, or other personal or financial needs.
Consolidating Debts: If you have other debts with higher-interest rates, such as credit cards, car loans or personal loans, refinancing can be an effective way to consolidate these debts into your home loan. By doing so, you’ll have a single, more manageable repayment at a potentially lower interest rate but this needs to be applied with caution as you don’t want these typically shorter loan terms being paid over a much longer loan term associated with a normal home or investment loan
Changing Loan Features: Refinancing enables you to switch to a loan product with features that better suit your current circumstances. For example, you may want to move from a variable rate to a fixed rate, or vice versa, or set up an offset home loan which is a linked savings account that does not pay interest but the balance instead ‘offsets’ the balance of the mortgage loan which in turn can be an effective structure to pay off your home loan sooner.
Debt Repayment Strategies: Our mortgage brokers can work with you to develop a personalised debt repayment strategy, which may involve refinancing at strategic intervals to optimise your financial outcomes.

Before proceeding with refinancing, it’s essential to consider potential costs, such as exit fees from your current lender, application fees, legal fees and whether any other short term offers exist such as honeymoon interest rate periods or cashback offers from a shortlisted lender. Our experienced team at Ammolite Finance will conduct a comprehensive assessment of your financial situation using industry leading tools, guide you through the process, and help you determine if refinancing is the right choice for you.

3

Can you arrange bridging finance?

Many people table the idea of using bridging finance but few really understand how its operates or what it effectively achieves. At its simplest it enables a home buyer to purchase a new property before the sale of their existing home. More often than not it is owner occupiers rather than investors who will use this product.

The finance structure basically enables you to borrow up to the full purchase price of the new property plus all stamp duties and closing costs like stamp duity, legals. Generally the lender will give you between six and twelve months to sell your current property and release its equity to enable the current loan to be closed out and use any surplus money left over to reduce the bridging loan on the new property plus any interest fees and charges. Generally the interest on the bridging loan is capitalising (interest is added to the loan). Your responsibility is to only meet the repayments on the existing loan during the bridging time frame. A few important things to consider;

You generally need a fairly good amount of equity in your current property to consider the use of bridging finance especially if you new purchase property is likely to be more expensive than your selling property
Some lenders require servicing evidence (afforrdability testing) on the end debt position after your current home is sold but other lenders require your servicing evidence to be on the peak debt amount which makes it difficult to secure support with such lenders
Interest rates on bridging finance are generally not discounted and are higher for the term you might have bridging for
The bridging finance interest calculation only starts when the target purchase property settles so if you can negotiate a long enough settlement you might be able to secure a quick sale on your current property which maye minimise or completely eliminate the time frame you need to be exposed to a bridging loan structure

As you can see there are quite a few variables to bridging finance and not all lenders and policies are created the same so get in contact with us here.

4

How do I know if I need to refinance my home loan?

Quite simply you need to be sure that that a refinance is going to save you a meaningful amount of money after any potential refinancing costs.

Fortunately we can calculate accurate savings you may be eligible for by comparing hundreds of lending products from over 30 lenders to tailor a lending solution that matches your needs and not just the lender involved.

In a rising rate market more than ever is it important to keep a regular eye on your current interes rate to ensure that it is remaining competitive. You can bet your bottom dollar that your current lender is unlikely going to tell you that there might be a heaper rate out there that may be more suitable and thats where our difference comes into play.

As a client of Ammolite our systems ensure annual reviews of your structure that ensure your loan remains competitive and we work in the back ground to ensure we needle your current lender to ensure that your interest rate remains as compeitvie as possible.

5

What does it actually cost to refinance?

Refinancing your home or investment loan is usually not that expensive but you need to be aware of a few things. As a rule of thumb a simple refinance will not cost more that $500-$750 but the upside could be many thousands in saved interest and could slash years off your existing loan.

In recent times many lenders have also been offering cashback rebates on your home loan if you refinance to them which can be several thousand dollars but like with most things there are often catches. The good news is that we can help you evaluate this possible benefits and compare apples with apples.

Basic refinance costs are discharge fees payable to your current lender usually about $300 per mortgage, lender legal fees may or may not be included in this cost but are usually less than $250. Government discharge and mortgage registration fees are payable and differ from state to state but again are less than a few hundred dollars per mortgage security (property).

One important consideration is if there are break fees payable to paying out a fixed loan early. However generally speaking if your current fixed rate is cheaper than the preailing rates your lender will let you out without charge. If you need to break a fixed loan and the fixed rates have fallen below current fixed rates the you may be up for a pretty expensive cost in many cases. Each lender uses a different calculation and its usually easy to get a quote just by ringining your current provider.

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