Yes, Indeed – Finding the Right Home Loan, Just for You!
At Indeed Finance, we take pride in offering professional services at no extra charge to you. We believe in delivering tailored approvals and expert advice for any type of mortgage, ensuring fast approvals and support from home loan specialists when you need it most.
First Home Buyers
Home Loans
Buying your first home is exciting, but navigating the world of home loans can be overwhelming. That’s where Indeed Finance comes in! We’re here to guide you every step of the way, ensuring you get the right home loan tailored to your needs.
Investment
Property Loans
Investing in property is one of the smartest ways to grow your wealth, but securing the right loan can be a challenge. Indeed Finance is here to make it easier! Whether you’re a seasoned investor or new to property investment, we’ll help you find the perfect loan to suit your goals.
Construction and
Renovation Loans
Reviewing your mortgage often feels like a daunting task, but with our expert support, it’s easier than you think. Failing to review your home loan could mean missing out on significant savings and better options.
Personal
Loan/Car loan
We aim to provide a premium, tailored service that sets us apart from the competition.
SMSF
Loans
We aim to provide a premium, tailored service that sets us apart from the competition.
Specialized Loans for Industry Professionals: Doctors, Lawyers, Accountants, and Bankers
About Us
At Indeed Finance, we are dedicated to helping individuals, families, and businesses navigate their financial journey with confidence. Located in Keysborough, we take pride in offering personalized, professional financial solutions tailored to meet diverse needs. Our goal is to simplify the lending process, providing clarity and empowerment at every stage of your financial decision-making.
Our Commitment to You:
At Indeed Finance, we take pride in offering professional services at no extra charge to you. We believe in delivering tailored approvals and expert advice for any type of mortgage, ensuring fast approvals and support from home loan specialists when you need it most.
What Sets Us Apart:
We aim to provide a premium, tailored service that sets us apart from the competition. Our unparalleled knowledge of the current market and explains your options in plain English, building relationships rather than merely facilitating transactions.
Quick Links for FAQS
Property Investment
Buying a Home
About ALIC
Borrowing
Loan Features
Lenders
We Will Get You There
Whatever your ideal future looks like, we’ll help you make it happen.
Experience the difference with
Indeed Finance—where exceptional
service meets tailored financial
solutions to help you achieve your
dreams. no matter how big or small.
Indeed Finance: Redefining premium
financial services with bespoke
solutions. expert guidance, and a
commitment to delivering results that
exceed your expectations
our mission iS simple: to provide you
With personalized financial services
that are not only premium but also
designed to simplify your life and
support your success
At Indeed Finance, we believe in
more than transactions—we believe in
partnerships. Our tailored approach
ensures your financial needs are met
With care, precision, and expertise.
At Indeed Finance, we combine expertise, personalized solutions, and exceptional care to deliver a premium
service that goes beyond your expectations, helping you achieve your financial goals with confidence.
Your financial success is our priority. At Indeed Finance, we tailor every solution to your unique needs,
offering a seamless experience that sets us apart in delivering premium service.
Save your precious time and effort spent for finding a solution. Contact us now
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Why Choose Us
Led by Nayeema, an experienced and highly skilled Mortgage Broker, we pride ourselves on delivering:
- Personalized Service: We take the time to understand your financial situation and goals, ensuring tailored advice and support.
- Expert Guidance: With in-depth market knowledge, we simplify complex processes and provide clear recommendations.
- Transparent Advice: We prioritize open communication and ethical practices, empowering you to make informed decisions.
- Seamless Process: From initial consultation to loan settlement, we provide step-by-step assistance to ensure a stress-free experience.
Our Mission
At Indeed Finance, your financial success is our priority. We are committed to helping you turn your dreams—whether it’s owning a home, funding a personal project, or growing your assets—into reality.
Frequently Asked Questions.
How can Indeed Finance help me ?
Indeed Finance can assist customers in several ways, providing tailored financial solutions to meet diverse needs. Here’s how:
- Home Loans
- First Home Buyers: Guidance through the loan process, helping clients find competitive rates and understand government incentives.
- Refinancing: Helping customers switch lenders to secure better rates, consolidate debt, or access equity.
- Investment Property Loans: Structuring loans to maximize returns for property investors.
- Personal Loans
- Assisting with loans for various personal needs, such as consolidating debt, funding major purchases, or managing unexpected expenses.
- Car Loans
- Offering flexible car financing options with competitive rates, whether for personal or business use.
- Professional Loans
- Providing tailored loan solutions for professionals looking to grow their business, invest in equipment, or manage cash flow.
- Expert Advice
- Loan Structuring: Advising on the most suitable loan products based on individual financial circumstances.
- Budget Planning: Helping customers plan repayments to align with their financial goals.
- Market Insights: Keeping clients informed about changing interest rates and market trends.
- Simplified Process
- Streamlined Applications: Assisting customers with document preparation and submission for a hassle-free experience.
- Negotiation: Leveraging relationships with lenders to secure competitive terms.
- Ongoing Support
- Providing continuous support post-loan settlement, including assistance with refinancing or future financing needs.
By offering personalized service and expertise, Indeed Finance ensures that customers receive the right financial solution to achieve their goals efficiently and confidently.
How much do I need to save for a deposit?
For First Home Buyers, a minimum deposit of 5% of the property value is required.* However, contributing a larger deposit can significantly reduce the total interest paid over the life of the loan and lower your monthly repayments.
If your deposit is less than 20% of the property value (plus applicable costs such as stamp duty), you may be required to pay Lenders Mortgage Insurance (LMI), which protects the lender in case of default.
For those purchasing a subsequent property or refinancing, existing equity in your property often allows you to contribute a deposit of at least 20% plus costs, minimizing the need for LMI and providing a more favorable financial outcome.
A higher deposit not only strengthens your application but also offers greater flexibility and long-term savings on your home loan.
What other costs are associated with securing a mortgage?
While Indeed Finance charges no brokerage fees, there are other costs you may incur during the process of arranging and settling your mortgage. These costs typically fall under lender fees and government charges, as well as associated property and legal expenses.
For a Property Purchase
Government Charges
Stamp Duty: A significant cost based on the property’s value and your state’s regulations.
Land Transfer Registration Fee: Payable to transfer ownership of the property into your name.
Registration and Discharge Registration Fees: Charged for registering the new mortgage and discharging any previous mortgage.
Lender Fees
Loan Application Fee: May be charged by the lender to process your mortgage application.
Lender Legal Fees: Covers the legal work the lender undertakes for the loan.
Additional Costs
Conveyancing Fees: Professional fees for a solicitor or conveyancer to handle the legal aspects of your property purchase.
Council Rates and Body Corporate Fees: May need to be adjusted at settlement, depending on the property.
For Refinancing
When refinancing, the costs are generally lower, as there is no requirement for:
Stamp Duty
Land Transfer Registration Fee
Conveyancing Services
You will likely only need to cover:
Registration and Discharge Registration Fees
Lender Fees, if applicable (e.g., application or settlement fees).
Your mortgage broker will work to minimize lender costs and guide you through understanding and managing these expenses.
Negative gearing is a financial strategy where the expenses associated with owning an investment property, such as loan interest, maintenance costs, and other expenses, exceed the income it generates, resulting in a net loss. This loss can often be claimed as a tax deduction against other income, such as wages or business earnings, potentially reducing the investor’s overall tax liability. While it involves short-term financial losses, negative gearing is typically used with the expectation that the property’s value will appreciate over time, leading to long-term capital gains.
What happens when I buy a property?
When you purchase a property, several key steps occur to finalize your loan and complete the transaction:
Conversion of Pre-Approval to Full Approval
Upon signing the contract to purchase, your broker will assist in converting your pre-approval into full approval. They will collect a copy of the fully executed contract of sale and the Section 32 (Vendor Statement) and forward these documents to your chosen lender.
Valuation and Conditional Approval
The lender typically orders a property valuation to confirm its value. Once the valuation is accepted and all other conditions are satisfied, the lender will issue unconditional approval.
Formal Loan Offer
After unconditional approval is granted, the lender prepares a formal loan offer for your review and signature. Your broker will arrange a meeting to thoroughly explain the terms of the loan offer and guide you through the signing process.
Settlement Preparation
Within 3-4 business days of receiving your signed loan documents, the lender transitions your file to their settlements department. The settlements team collaborates directly with your conveyancer to schedule the settlement at the agreed-upon date.
By following these steps, your property purchase progresses smoothly from initial approval to settlement, ensuring all parties are aligned for a seamless transaction.
What’s the difference between a redraw and an offset account?
A mortgage offset account is a savings or transaction account that can be linked to your home loan. The balance in this account ‘offsets’ daily against the balance of your home loan before interest is calculated. An offset account can help you cut years off your home loan term and save money on interest.
A redraw facility is a loan feature that is usually available with variable-rate home loans and some fixed-rate loans. A redraw facility lets you access any extra repayments you’ve made on your home loan.
Can I but Property using my Superannuation ?
Yes, you can buy property through your superannuation fund in Australia, but there are specific rules and conditions to follow. Here’s an overview:How to Buy Property Through Super
Using a Self-Managed Super Fund (SMSF):
To buy property with super, you need to set up an SMSF. This allows you to manage your retirement savings and invest in assets, including property.
Types of Property You Can Buy:
Residential Property:
The property must be for investment purposes only, not for personal use by you or any related party.
Commercial Property:
Commercial properties, such as offices or retail spaces, can be leased to your own business at market rates, making it a popular option for business owners.
Borrowing to Buy Property (Limited Recourse Borrowing Arrangement – LRBA):
An SMSF can borrow money to buy property under strict conditions. The loan is a “limited recourse” loan, meaning the lender’s claim is limited to the property itself.
Can I buy residential property under company/trust
Yes, you can buy residential property under a company or trust structure in Australia, but there are specific rules, benefits, and considerations you need to keep in mind. Here’s a breakdown:
Buying Residential Property Through a Company
A company can purchase residential property in its name.
The property is owned by the company, and shareholders do not directly own the property. A company structure can help protect personal assets from creditors. Company tax rates (currently 30% or 25% for base rate entities) may be beneficial compared to individual tax rates. The company can use the property for rental income or development purposes.
Buying Residential Property Through a Trust
Types of Trusts:
- Discretionary Trust: Common for family investments, where the trustee has flexibility in distributing income to beneficiaries.
- Unit Trust: Each beneficiary owns a fixed share of the trust’s income and assets.
- Hybrid Trust: Combines features of discretionary and unit trusts, offering flexibility and fixed entitlements.
- Property owned by a trust is separate from personal assets, offering protection from creditors. Income and capital gains can be distributed to beneficiaries in lower tax brackets, optimizing tax obligations. Trusts (except unit trusts under certain conditions) qualify for the 50% CGT discount if the property is held for more than 12 months.
Can I avoid paying LMI using my parents’ home as a security
Yes, you can avoid paying Lenders Mortgage Insurance (LMI) by using your parents’ home as security for your loan, but this typically requires your parents to act as guarantors. This arrangement is known as a guarantor loan. Here’s how it works and what you need to know:
Your parents can use the equity in their own property to act as security for your loan. This means they are essentially guaranteeing a portion of the loan, which reduces the lender’s risk.As a result, you may be able to avoid paying LMI, as the lender feels more secure knowing that the loan is partly backed by your parents’ assets.
LMI is typically required when you have less than a 20% deposit for a home. By using your parents’ home as additional security, the lender may be willing to approve the loan without requiring you to pay for LMI, as the overall loan-to-value ratio (LVR) is reduced.This is because the additional security (your parents’ property) lowers the lender’s risk exposure.
Can I avoid paying LMI under Government Scheme?
Yes, you can potentially avoid paying Lenders Mortgage Insurance (LMI) under several Australian government schemes aimed at helping first home buyers and other eligible groups. These programs assist by either guaranteeing a portion of your loan or providing support that reduces your loan-to-value ratio (LVR). Here’s a detailed overview:
First Home Guarantee (FHBG) – Formerly FHLDS
The government guarantees up to 15% of the property value, allowing eligible first home buyers to purchase a property with as little as a 5% deposit without paying LMI.
-
- First-time buyers only.
- Income thresholds apply: $125,000 for singles and $200,000 for couples (based on prior financial year taxable income).
- The property must meet the price cap for your location.
- Significantly reduces the amount of deposit needed to avoid LMI.
- Enables quicker entry into the property market.
- Save thousands of dollars in upfront costs.
- Enter the property market sooner with as little as 2–5% deposit.
- Especially beneficial for low- to middle-income earners, single parents, and those buying in regional areas
Is there any LMI waiver for certain Doctors,lawyars Accountants
Yes, many lenders in Australia offer LMI waivers for certain professionals, such as doctors, lawyers, accountants, and other high-income earners in recognized professions. These waivers allow eligible professionals to borrow up to a higher percentage of the property value (usually 90-95%) without paying Lenders Mortgage Insurance.