A Finance Broker can assist you with all types of loans from Home, Personal, Car and Investment Property Loans through to all types of Business Finance. A Finance Broker will have a better understanding of different incomes – salaried, self-employed, investment, business income etc.

The role of a Broker is to help you select the loan that is right for your needs. That’s important because while there is no shortage of loans to choose from, finding the time to compare even a fraction of the loans available would be incredibly time consuming.

PPM Finance works closely with a panel of lenders including the big banks as well as smaller lenders that you may not be familiar with. We basically ‘shop’ the loan market for you, saving you time and money. Everyone knows shopping around could lead to a better deal – so PPM Finance takes the hassle out of the process for you and researches the market.

Plus, we stay on top of the changing lender requirements, so you don’t have to.

But it’s not just about comparing loans. For example even before you are ready to buy a home, PPM Finance can offer valuable support explaining the home financing process and answering key questions you may have including “How much can I borrow?”, “How much deposit do I need for a first home?” and “What will my repayments be?”.

PPM Finance is mobile, can meet with you at your home or office, or you can come to them, and will meet with you during business hours or after business hours, whichever is the easiest for you.

Alternatively, if you live outside of Melbourne, we can easily arrange a call or video conference.

Your bank will only tell you about their loan products and services.

With a network of lenders, PPM Finance works one-on-one with each individual client to evaluate your specific needs and find lenders that suit your situation. PPM Finance ensures there is competition between lenders for your loan, resulting in the most suitable loan product and more savings for you.

PPM Finance has vast experience with all types of lending (from Home, Personal, Car and Investment Property Loans through to all types of Business Finance), a better understanding of different incomes – salaried, self-employed, investment, business income etc, the capacity to assess standard and more complex client situations and goals, and access to a network of lenders.

Over half of all home loans in Australia are brokered by a Broker and this percentage is growing daily – there is little doubt that Broker’s offer a better experience and potentially real savings for their clients.

For most home loans, there is no cost to you.

In most cases, you’ll save by using a broker rather than going directly to a bank since they can often negotiate a better deal for you.

All fees that a broker charges must be listed in their Credit Proposal Disclosure document which is provided to you before your Broker proceeds with your application.

Some Brokers are aligned to a major bank, some are part of a franchise or employed by accountants, real estate agents etc, whilst others like PPM Finance are self-employed.

PPM Finance works for you, not the lender, and looks after your interests first and foremost.

A large part of our work comes from repeat business and referrals from our satisfied existing clients.

With a network of lenders, PPM Finance works one-on-one with each individual client to evaluate your specific needs, find lenders that personally suit you and ensure there is competition between lenders for your home loan.

This means PPM Finance can find a competitive deal that is right for your needs and prevent you from potentially choosing a more expensive or unsuitable loan, by showing you what else is available.

Without using a broker, most people go to the bank they have their savings account with to apply for a home loan. They are not aware of other home loans on offer in the market and being happy to have their loan approved, often don’t look too hard at the rate and/or terms and conditions of their loan. The banks know they have little competition as soon as you walk in the door!

With PPM Finance’s network of lenders every bank knows every loan has competition and ‘standard’ rates just don’t cut it.
PPM Finance gives you more choice. Banks can only offer you their own products and adhere to their own lending policies which means you’re potentially missing out on a home loan that is better suited to your needs.

Our work for you doesn’t stop there.

Every year PPM Finance reviews your home loan and checks that you still have the most suitable and cost-effective loan product.

PPM Finance also has up-to-date knowledge of the home loan market, different lenders, products and deals. We have a strong understanding of what is occurring in the market across many lenders, we consider any changes to market circumstances which may suit our clients and we keep you informed.

We are here to help you for the life of your mortgage, not just when you are applying for your loan. Your bank isn’t going to tell you if they are overcharging you, or about other loan products in the market place but we will!

There are plenty of online calculators you can use to estimate your borrowing power, but nothing compares to home loan advice tailored to your needs.

That’s because different lenders have different lending criteria, and this can vary according to the type of property you plan to buy.

PPM Finance can help you figure out just how much you can afford to borrow based on your income, assets and liabilities, and that gives you a great start in developing a home buying budget and some direction for your property search.

PPM Finance holds an Australian Credit Licence (ACL) that is regulated by the Australian Securities and Investments Commission (ASIC). Our brokers must also be registered Credit Representatives with ASIC and have a Diploma of Finance & Mortgage Broking.

This means we must not provide a home loan recommendation that will leave you in a worse position, as per the National Consumer Credit Protection Act (NCCP Act).

At the end of day, we rely on our reputation more than most lenders so it is in our interest to ensure you are happy with our service and our recommendations – which means in some cases we will recommend that you don’t enter into a finance contract. If this is the case, we will suggest a pathway to help you achieve your goals.

You can find more information on the regulations and guidelines that finance brokers must adhere to on ASIC’s Money Smart ‘Using a broker’ page.

A Home Loan is the biggest financial commitment many Australians will ever make. It is a long-term commitment and your personal circumstances are likely to change throughout the life of your loan. With so many loan options available, choosing the right one can feel daunting.

One of the most important considerations is whether to go with a fixed or variable interest rate on your home loan.

It’s also important to revisit the rate you pay at various points to ensure you are getting the best deal and using your loan features effectively.

Many borrowers go with a standard variable rate home loan, however that doesn’t mean it’s the best option for everyone. There are many options available in the market place, including variable, fixed and split loans (i.e. part fixed and part variable).

Variable rates can be lower than fixed at the time of settlement but may fluctuate over the life of the loan.

Fixed rates give you certainty for the fixed term.

Fixing part of a home loan and having the remainder on a variable rate might benefit some borrowers. This is known as a “Split rate home Loan”.

Importantly borrowers should consider their own needs and circumstances when deciding on the right rate mix.

Here are some pros, cons and considerations for Variable and Fixed rate options:

Variable interest rates
Pros:

• Repayment flexibility: ability to use offsets, redraw facilities and/or make extra payments or repay in full early
• Easier to refinance: no break costs
• Lower repayments if rates fall

Cons:

• Higher repayments if rates rise
• Less cash flow predictability over the long term

Fixed interest rates
Pros:

• Rate rises won’t affect your repayments
• Set and forget repayments

Cons:

• Rate cuts won’t affect your repayments
• Fewer loan features are available to you
• Less flexibility to pay off your loan faster

PPM Finance is here to help you for the life of your mortgage, not just when you are applying for your loan. We review your home loan each year and will be available should your circumstances change.

If your Home Loan is more than 3 years old, chances are it’s out of date.

The average interest rate on existing home loans verses new (including refinanced) home loans in the last 3 months is currently approximately 0.50% higher – this equates to over $50,000 in interest on a $500,000 mortgage over 30 years.
Reserve Bank of Australia (RBA) https://www.rba.gov.au/chart-pack/interest-rates.html

Refinancing your home loan at a lower rate will reduce the amount of interest you pay. You can use this to reduce your loan repayments or keep your repayments at a higher level to reduce your loan term and save more in interest.

With a network of lenders, PPM Finance works one-on-one with each individual client to evaluate your specific needs, find lenders that personally suit you and ensure there is competition between lenders for your home loan.

* WARNING: This Comparison is based on Average outstanding variable rate (Securitised housing loans) published January 2019 by the RBA of 4.52% and a new loan of 4.00% and is true only for the example given and does not include all fees and charges. Different terms, fees or other loan amounts will result in a different result. This is general advice only and does not take into account your personal needs and financial circumstances.

Switching lenders is simple.

If you are considering switching lenders, either because you are refinancing mid-loan or have bought and sold a property, PPM Finance will make it simple.

Home Loan products, interest rates and your overall situation can change throughout the life of your home loan so reviewing your loan is the right strategy.

PPM Finance has up-to-date knowledge of the home loan market, different lenders, products and deals. We have a strong understanding of what is occurring in the market across many lenders, we consider any changes to market circumstances which may suit our clients and we keep you informed.

We rely on our reputation more than most lenders so it is in our interest to ensure you are happy with our service and our recommendations – which means in some cases after reviewing your current financial situation we may recommend that your loan is best suited for your circumstances.

A PPM Finance review costs you nothing but could save you thousands.