2021 Predictions: What is our next black swan?
As we’re approaching the end of the year, Andrew Mattner presents his predictions for 2021. What a strange old year we have seen. Never in my... Read more
Applying for finance can be a daunting process. The process can be far less stressful if you follow the following simple steps to a successful finance application.
You need to discuss with your accountant the details of the finance required. They will be able to advise you of the finance application process. By discussing your situation with your accountant you can identify any potential financial challenges you may be facing and discuss the solutions which are more likely to result in a successful application.
Your bank manager/mortgage broker will discuss the most appropriate finance options for your situation. They will also discuss the loan rate that best suits your finance needs. It is a good idea to discussthe different types of loans offered by banks and other lenders. You can compareinterest rates, fees and terms as well as any other associated costs to find the best deal for your needs.
The checklist below details the documents you may need to have ready to apply for your loan:
Banks and other lenders will not lend the full amount of the property’s value. Therefore, if you are using property as security for your loan the lender may require a valuation on the property. Depending on your circumstances you will not be able to borrow more than 80% of the property value.
If you don’t already have insurance coverage the loan application process is a good opportunity to review your options. Life and income protection includes a range of covers to protect you by paying a lump sum upon death, terminal illness, or in the event that you suffer a total and permanent impairment and are unable to work. Please contact Altitude Advisory for more information.
"I can thoroughly recommend Altitude Advisory. They are a progressive, energetic team always looking for ways to improve their own business as well as their clients’."
Phillip Cross, Royce Cross Agencies
"We had been grappling with some concerns regarding succession, business strategy and family dynamics in our business. We couldn't have found a better financial, management, inter-relationship coach and mentor than Andrew Mattner. Andrew gives us his genuine attention, clarity and friendship."
Gloria Rowett, Marion Holiday Park