SERVICES
At RPIA we believe the simpler we can make the process for our clients the more enjoyable the experience they have, so let us do the hard work for you. Obtaining finance in this current climate can be tricky, time consuming and frustrating. So let us the experts take away your fears and frustrations, whether you’re a first home buyer, upgrading, constructing or starting your investment journey, RPIA can deliver a financial package tailored to your income budget and lifestyle.
We can do as little as you want i.e. property selection and structuring or we can organise everything i.e. property selection, structuring, finance, legals, insurance and even credit repair if required.
Home loans
Quite simply, obtaining finance in this current economic market confuses and frustrates most Australians and rightly so. The lenders have tightened their guidelines significantly and are forever moving the goal posts, especially during Covid-19, this is where an experienced adviser such as RPIA can assist you greatly with navigating you through the entire process.
If you’re an existing borrower and have not reviewed your home &/or investment loans in the last eight to twelve months, the chances are high that you are loans are outdated with all the changes in the market in recent times. What would have been considered gold twelve months ago is now old and likely outdated.
Purchasing an investment or purchasing your own home now, it is a great time to be entering the market. At RPIA Finance we have access to over sixty different lenders and two hundred products, and we can tailor a package to suit your income, needs, budget and lifestyle.
Refinancing and Consolidating debts
At RPIA we believe the correct product for your situation comes first and the interest rate second, but when you can combine the two, what a powerful position to be in and it derives a great outcome for our clients.
Refinancing your existing home &/or investment loans when interest rates are so low is a great way to improve your immediate cash flow. Also consolidating unproductive and unsecured debts such as personal loans and credit cards (7% – 40%) under your home loan is another way to save hundreds of dollars and in some cases thousands of dollars each month.
These savings utilized correctly allows clients to invest quicker &/or pay off their home faster providing they use their improved cash flow wisely.
SMSF
Creating and investing in property via a Self-Managed Superannuation Fund (SMSF) can be a great way to accumulate wealth for your retirement with you being the one in control.
Finance and funding of a SMSF is completely different to borrowing in your own names and has strict criteria and conditions. Understanding these conditions and criteria is vitally important to ensure that your fund remains compliant with the Australian taxation laws.
RPIA have access to all SMSF financiers in the market and are able to secure yourself the best rate applicable in addition to walking you through the entire process.
If you are indeed financing the property, you will require a Financial Planner or an Accountant to provide a “Statement of Advice” and if you are unsure, RPIA can facilitate this through quality and trustworthy associations with both professional groups around Australia.
Residential Property Investment Loan
In todays financial climate, a residential property investment loan is treated different to that of an owner-occupied loan. Interest rates are higher, loan valuation ratios are lower, rental income for servicing is shaved lower as well, just to name a few variances.
100% plus costs can be funded if the loans are structured correctly and providing you have sufficient equity in your home. If you are a cash buyer then you will need a minimum 10% deposit and costs to be considered for approval.
Equity Loans
History shows us that very few prospective clients are cash depositors when they start their investment journey. In fact of the 800+ clients we have, only 5% used saved cash to cover deposit and costs.
Depending on when and where you bought into the property market, most Australians have enjoyed strong asset growth in their owner occupied properties over the last 3 – 7 years creating good equity that is being unused.
Providing you have at least $100,000 equity in your home (in certain instances and cases less) you can utilise the equity created to cover deposit and costs on your first investment. This loan though, should not be in any capacity incorporated into the home loan itself and should be created as an equity loan. Understanding that the equity loan is fully tax deductible and the home loan is not deductible in any capacity, so isolating the loans and keeping them crystal clear is important.
The reason RPIA strongly suggest that you create an equity loan is that it forms a major part of our risk mitigation strategy and ensuring your prime residence is safe secure and protected at all times, no what circumstances arise.
Construction Loans
Most Australian financiers are happy to lend money to you for construction, whether that be for an owner-occupied home or an investment loan. Understanding which is the right lender, with the right terms and conditions for you vary greatly and could save you thousands of dollars.
For an owner occupier the lenders are generally happy to go as high as 95% LVR and in some cases 98% depending on your employment classification.
The lenders are generally happy to go as high as 90% inclusive of LMI for investments, however it is possible to get 100% plus costs if structured correctly.
At RPIA we specialise in equity loans and construction loans having undertaken over 2,500 in the last eight years and we will gladly walk you through the entire process from start to finish and beyond.
Personal Loans
At RPIA we do not advocate or recommend prospective clients undertaking or taking out a personal loan as they primarily result in being unproductive debt and a wealth hazard.
We do however recognise that in certain circumstances they cannot be avoided and will assist and improve your financial wellbeing. Accordingly, we have affiliate associations with groups who specialise in this area that we fully trust. We can facilitate access if deemed necessary, knowing they will look after you with the same level of professionalism that RPIA would.
Partners
When it comes to investing, you want to be dealing with a trusted group and a trusted group of advisers such as RPIA.
Similarly, RPIA only want to deal with reputable developers, builders, solicitors and conveyancers, accountants, financial planners, insurance advisers and lenders. This way we know that your going to get value for money the first time every time.
This is why over the last 15 years we have developed strong associations with award winning partners both locally and nationally. We are happy to make suitable recommendations and referrals to yourself should you need their assistance.
As the CEO (Steven Smith) of RPIA I understand your only as good as the team that supports you and I equally understand that extended family and support network has to extend to the professionals that support us and ultimately you.
Final Note
At RPIA, we do not believe in setting and forgetting, our service and services do not stop at settlement.
We encourage all clients to conduct regular reviews of their finance, usually every six months at no additional or ongoing cost. This way you can ensure that your financial portfolio is always current and up to date. We never ever change institutions or lenders just for the sake of it, there has to be genuine benefit to you the client.
Remember virtually one hundred percent of Australians borrow money in their lifetime. The financially secure Australians use their borrowed money to invest into income producing assets whereas most Australians, over 80% borrow money to make them feel rich and comfortable yet end up with nothing at the end.
CONTACT
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