Who we work with
let’s get to know each other …
You own a property and the interest rate on your loan has crept up over the years. You have realised that the loan that once was a great deal now has a high interest rate with matching high repayments. You know you should do something, but you actually aren’t managing to do anything.
What you really want is someone to do the research on the best deal for you and to explain everything to you so that you understand your finances and get the clarification you need to sort out your loan.
Perhaps you don’t yet have a loan and are ready to buy a home or an investment property. You don’t know what bank, never mind what loan product, to go with. Maybe you’ve had a chat with your regular bank, but no one took the time to understand you or your plans for the future and you aren’t sure the loan they are suggesting is the right one for you.
Think about how great it would be to sit down with a finance professional who has a long history of sourcing great mortgage products and providing the right loan for each client many times.
Imagine how much easier it would be to finance your property purchase if you could access the knowledge that comes from 17 years of experience and 750 property transactions. You could talk through all the issues that are on your mind and get the answers that you need to move forwards with your finance.
How great would it feel to confidently sign your mortgage documents knowing that you had been listened to and all the factors that you needed an answer for had been considered when recommending a finance product to you?
This is all available to you with Deden Finance and Mentoring.
we listen, we care
At Deden Finance and Mentoring, we take the time to sit down and really get to know our clients. All of our clients. We will take the time to talk to you about where you are now, where you want to be and how we can help you can get there. We will factor things into your plans such as the ability to take a break from work to travel, study or have children.
Does this sound like the financial service you have been searching for? We offer all of our clients the opportunity to meet us, obligation free and at no cost to you, so you can decide if we are the right Mortgage Brokers for you.
What are you waiting for? Call us today to book your free one hour Financial Health Check so you can find out how we can help you achieve your financial goals.
” Success is the progressive realisation of a worthy ideal.”
Earl Nightingale
We love CHANGING LIVES THROUGH FINANCE
MARCUS AND DEBORAH
Marcus came to see Deden at the insistence of his friend. He and his wife, Deborah, wanted to know if they could save any money on their mortgage repayments. They had approached their current Big Bank who had told them that they had already been given the Bank’s best rate and no further discount could be provided. Their friend had worked with Deden some months prior and was confident we could help them with their finances, as we had for them.
Marcus and Deborah had both a home loan and investment loan. They had just finished renovations on their home and now had a baby on the way. Deborah wanted reassurance she could stay home as long as possible with the baby before returning to her job in the Public Service.
Marcus and Deborah weren’t confident that any savings could be made, given their own bank had been unable to offer them any discount on the rate. They were loyal customers and had all of their personal and extensive business banking with the Bank, so were sure that the Bank were looking out for them and that they really did have the best the bank could offer.
Marcus and Deborah were very pleasantly surprised when Deden was able to present them significant savings with a refinance of their home and investment loans. Deden restructured their finances, providing Marcus and Deborah with new loans with a different lender, providing great savings of $6,000 per year compared to their existing repayments.
Through revaluing their property with the bank, enough equity could be accessed for them to purchase a second investment property. They have rented this property out in the short to medium term whist they plan the construction of a new family home on the site.
With our help, Marcus and Deborah were able to reduce their loan repayments, whilst increasing the size of their loan, accessing equity so they could purchase an additional property that will eventually be the site of their forever home, with the property paying for itself with rental income in the intervening period.
Imagine what we could do for you.
AMANDA AND TROY
Amanda and Troy owned a home in Canberra’s leafy Inner North and an investment property, with both properties mortgaged with a Big Four Bank.
Unbeknownst to Troy and Amanda, the Bank had linked their properties for financing purposes – known in the industry as ‘Cross Collateralisation’ – which effectively tied Amanda and Troy’s investment property to their home. This is risky for home owners but provides security for the bank. It affects most home owners who finance an investment with their home loan lender.
The finance structure the Bank set up, provided Troy and Amanda with an offset account, but it had been set up incorrectly with the offset against their investment loan, not their home loan. This is a very ineffective use of cash management that was costing them money.
After a few years, Troy and Amanda decided they were ready to buy an additional investment property. The bank gave them a pre-approval and told them to go ahead and buy. They bought an apartment off the plan. When it was time to settle, the Bank told them they were no longer able to provide the loan they originally were approved for and that Troy and Amanda needed to put in a bigger deposit in order to secure the loan.
Troy and Amanda came to see us hoping we could help them at least get the new loan through. We were able to do much more than that.
Deden refinanced both the existing loans, removing the cross collateralisation between their home and first investment property, which reinstated protection for the family home. We restructured their finances to maximise future lending potential and secured a loan for the new investment property that required only the original minimum deposist.
Deden Finance and Mentoring saved the Amanda and Troy an upfront amount of $54,000 and more than $11,000 per year in interest.
