“I want an advisor that will take the time to discover my needs, provide unbiased and personalised advice and develop an ongoing advisory relationship with me”
There are four factors that determine the overall cost of a mortgage.
Most borrowers (and brokers for that matter) tend to only focus on one (the first one).
1. Interest rate & fees – the total fees that you are likely to pay over the term of the loan. This includes actual and prospective fees.
2. Loan structure – an incorrect loan structure can have a tremendous affect on overall cost. This cost can be a combination of increased cash flow burden, higher interest or fee and/or tax inefficiency (i.e. paying too much tax). The difference between a correct and incorrect loan structure can often be in the tens of thousands of dollars.
3. Product – such as offset, redraw, line of credit and so on. Having the right product can influence costs. Some common mistakes include paying for features you don’t need, products that limit the amount you can repay and so on.
4. Service – the quality of customer service will significantly influence how much time you will need to spend dealing with your banking. A poor service platform can cost you a tremendous amount of time and therefore money.
Our job is to help you make the best, educated decision with the aim of optimising all four of the above considerations.
Loan strutting is our point of difference
We specialise in developing tax-effective, low risk mortgage structures that result in lowing the overall cost of debt and achieve the client’s goals. This may include:
⋄ Loan structures that facilitate the repayment of non-tax deductible home loans at a significantly accelerated rate saving thousands in interest (click here to read a case study that explains this structure)
⋄ Tenant-in-common ownership and loan structures that optimise your tax position now and into the future (this also provides flexibility to accommodate changes in circumstances)
⋄ Structures that preserver the tax-deductible nature of debt whilst allowing you to reduce interest with additional cash flow
⋄ Development of lending strategies (what lenders and products in what order) to accommodate overall financial goals
Client testimonial... “I have been a ProSolution Private Client for eight years and I have been very happy with the services provided by ProSolution. I have never had to go to the bank to ask for a loan as ProSolution has been able to provide me with my needs. ProSolution team is so efficient at what they are doing, it has made borrowing money such a hassle free experience for me.” |
Evidence that we're the best at what we do...
1. Over 70% of new clients come from referrals because our satisfied clients sing our praises.
2. Our Debt Advisory team has over 45 years of combined experience.
3. At 9:45am each morning our entire team meets to workshop client scenario and solution. You’ll benefit from a dedicated team of professionals, not just one, which ensures you consistently receive top quality advice now and ongoing.
4. Our primary focus is on advice, not product. This often means we’ll achieve the lowest cost solution through a combination of loan structuring and the right products. Sometimes a certain right loan structure can save substantially more than an extra interest rate discount.
5. We’ll proactively contact you at least annually to review your mortgage products.
6. All members of our team undertake at least 96 hours of training per year to ensure we continually bring you smart ideas and opportunities.
Next step...
Click here to learn more about our advisory process.
