Our Services
Whether you’re looking to buy a home, start a business, or simply manage your finances more effectively, RessFin can help. Our experienced team of financial experts can guide you through the process and provide the support you need to make informed decisions about your financial future.
Residential Loans
Embarking on the journey of purchasing property and securing a mortgage is an immense decision that can shape your life, and it demands the guidance of experts to explore your choices fully. If you find yourself pressed for time and lacking expertise in this domain, allow RessFin to come to your aid. Within just a few days, we will diligently uncover the perfect home loan tailored to your specific needs, ensuring a favorable interest rate and an array of features that align seamlessly with your requirements.
Investment Property Loans
Embarking on the path of property investment holds tremendous potential for wealth accumulation, whether your aim is to secure rental income or capitalise on capital growth. Your motivations for venturing into the realm of investment properties encompass a wide spectrum, from harnessing the profit potential of property appreciation to augmenting your earnings through rental yields. Additionally, leveraging tax benefits like negative gearing or exploring the possibilities of purchasing an investment property within a Self Managed Super Fund might align with your strategic objectives.
Make sure you have explored the real costs of purchasing an investment property:
- Mortgage repayments
- Council and water rates
- Insurance
- Body corporate fees
- Land tax
- Property management fees.
Choosing an investment property
The fundamentals of choosing an investment property are similar to choosing as an owner-occupier, but there are also some additional things to consider:
- Location and proximity to key services like transport, shops and schools
- Do you wish to buy close to the region where you live or are you prepared to consider further afield?
- What type of tenant do you want to attract? A couple, family or group of friends will have different needs.
Once you’ve established the type of property you’d like to buy, make sure you also check the local rental market for similar properties. Check rental return, vacancy rates and how many similar properties are in the area.
Choosing the right loan
Getting an investment loan that suits your needs is an important part of your investment strategy. Home loan features such as interest offset and the ability to make extra repayments, could give you an opportunity to save on the costs of your loan.
Refinances
Why refinance?
There are a number of reasons you might consider refinancing.
These include:
- You find a competitive interest rate
- You want to adjust your home loan to suit your changing lifestyle
- You’d like to consolidate debts (such as credit cards and personal loans) into your home loan
- You want to renovate and need to access additional funds
- You’d like a home loan health check to ensure you’ve got a loan with the features you need (or check you’re not paying for features you don’t need).
Things to consider when refinancing
There’s more to refinancing than finding the lowest interest rate. Here are some things to consider:
These include:
- Take a good look at your current home loan, including interest rates, fees and features. This will put you in a good position to compare your current home loan with other options.
- Find out about the features offered on your current loan as well as features available on other loans and work out what features you need
- Do the maths.
- Find out what exit fees you’d pay if you change loans as well as any establishment fees and Government charges for a new loan to ensure you’ll still make savings.
Self-Managed Super Funds
The borrowing structure within a self-managed super fund (SMSF) has gained popularity as a tax-effective method to acquire residential or commercial investment property. It involves a loan to the SMSF trustee, with a Security Custodian purchasing the property on behalf of the fund. The loan is secured against the investment property, and repayment can come from rental income or other sources like superfund contributions.
Key investor benefits:
- Diversification of possible investment strategy to include direct property investment
- Potential to accelerate wealth accumulation
- Potential for improved returns
- Gearing & Capital Gains benefits may be realised
Commercial Property Loans
Let us guide your business towards its goals by sourcing tailored financial solutions from an extensive network of commercial lenders. Our offerings encompass a diverse range of products and services designed to meet your specific needs.
These include financing options for the acquisition of commercial or industrial properties, whether for business or investment purposes. We can also assist in refinancing existing commercial loans, unlocking potential benefits such as improved interest rates, reduced fees, enhanced security, flexible loan terms, and repayment options.
Asset Financing
We can provide you with a range of asset finance solutions from our extensive panel of lenders.
Products include:
• Leasing
• Hire Purchase
• Novating Leases
• Medical and Dental practice finance solutions
• Debtor Funding
We can assist with finance for:
▪ Motor Vehicles (new and used)
▪ Equipment
▪ Computers
▪ Office Fitouts and Fixtures
Debt Management
Have you considered Debt Management?
• As your business grows, the finance facility grows with it
• Leverage your own debtors to enhance your cash flow position
• Debtor Finance, unlike overdrafts, does not require real estate security
• Debtor finance is a self-liquidating facility, meaning that your company isn’t taking on any additional debt
• A stand alone facility that can sit alongside other business borrowings (such as long term loans, leasing)
• Fast access to your debtor’s outstanding invoices – no more waiting 30 or 60 days
Testimonials
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I have nothing but good things to say about my experience with Ressfin. Steve was helpful, understanding and patient. We were glad to have achieved a really great outcome and peace of mind when purchasing our first home thanks to all the help
I recently bought my first home (solo) and Steve made the process smooth sailing. With it being my first home I was terrified of the financial side of things but he made everything clear and easy to digest. Readily available and great communication, I highly recommend Steve to anyone from first home buyers to complex portfolios. A+
After finding the home of my dreams, I contacted Steven Ress for assistance with a mortgage at very short notice. Steve moved very quickly and went the extra mile to make sure that I got the best interest rate, and deal, possible. Steve was able to talk me through the paper work and made the process seamless. I could not have got more helpful advice and would not hesitate to recommend his services.
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