If you require funding assistance for additional working capital (or investment purposes) prior to your Accountant completing your Full Year Financials but your Statutory payments are up-to-date and you have lodged regular Business Activity Statements, a Lo Doc loan can be essential. 

Aston Mortgage & Finance can source funding for you with little or no additional margin or premium.

We can currently obtain funding from a Major Bank at standard business loan rates on a Lo Doc basis for 100% of the market value of your residential property or 80% for a commercial property security.

Aston Mortgage & Finance will assist you to obtain funding for all of your strategic purchases.

• Business Term Loans to fund the initial purchase or start-up costs (and a variety of other uses).
• Business Development loans to construct new premises, or develop property for other investment purposes.
• Investment Property Loans to secure your financial future through investing in property that has been developed and is to be leased to a tenant.

With over 40 years of combined experience in assisting customers in achieving their goals, Aston staff know exactly what is required to ensure that achieving finance for any of the above purposes will be the simplest part of your running your business. 

Variable Rate Home Loans provide flexibility and the interest rate can rise or fall in line with the market.

Which means that you can either benefit from any interest rate cuts or your interest costs and repayments can increase if your Bank's standard variable rate goes upwards.  

You have the flexibility to repay lump sums or repay the loan in full without an economic cost being charged. 100% interest offset is also available on variable rate loans - this means that the credit funds you have sitting in your offset account (generally your transactional account or investment account) offset the interest you are paying on your home loan. For example: if you have a home loan of $200,000 and have $50,000 in your offset account, you will only pay interest on the $150,000.

This type of loan would be suitable if you wanted flexibility in being able to repay lump sums off your home loan or if you thought that rates were likely to fall over the coming years.

Generally, you are able to switch from variable to fixed interest rates without having to change your loan account number - fees may apply.

Purchasing a home, whether it be owner occupied or for investment, is a major financial decision. There are hundreds of loans on the market and deciding on the best loan for you can be daunting. This is where Aston Mortgage & Finance can help. Our experience, knowledge and contacts within a vast number of financiers puts us in a great position to assist you with this.

We have the software to be able to review hundreds of loans based on your requirements and come up with the best options for you. Firstly, we endeavour to understand your situation (both present and future), intentions and preferences. In addition to the usual financial information that will be required, some of the questions we will ask is:

• Will the house be owner occupied or investment?
• How much have you got as a deposit?
• Are you eligible for any Grants?
• Is the intention to keep the house for the long term? 
• Or is there an intention to potentially develop and sell?
• Is your preference to pay the house off as quickly as possible or to save excess funds for other property purchases?

All of these things have a bearing on the type & structure of the home loan that is right for you. 

We will also guide you on estimated costs so that you are well informed which provides comfort to families looking to make this big purchase.

Home buyers who are in the most powerful positions are the ones that have done their homework and enter a bargaining situation knowing that they are eligible for loan approval. We are able to seek a pre-approval from a bank for you which gives you peace of mind when you are house hunting. Pre-approvals generally last for up to six months.

There are various options of home loan available including fixed rates, variable rates, interest only, lines of credit, 100% offset, just to name a few. You can choose one or a combination of these loans (known as a split loan).  The attached tabs contain some detail of each of these, including options for self employed, short term employed and credit impaired applicants.