Property investments, home loans and business lending in Ballarat

Lending markets are increasingly complex and competitive. At Mulcahy & Co, we know how these markets work. So whether you need business lending in Ballarat, you’re an individual or an investor, we specialise in obtaining the best loan and financial structure for your particular situation.

Business lending, Ballarat

Buying a business is a big and exciting commitment and, in most cases, an investment that will shape your life. If you’ve decided to take the plunge, Mulcahy & Co provide the best support, advice and expertise when it comes to business lending in Ballarat.

Mulcahy & Co’s Ballarat business lending team has widespread industry knowledge and provides end-to-end services for clients seeking finance to buy a business. We are specialists in working with clients through the finance process, from submitting business loan applications through to settlement.

Securing the appropriate loan product is the most crucial aspect of the business lending process. At Mulcahy & Co, we ensure we know exactly what our clients need so we can advocate for them with lenders to ensure they get the most appropriate finance.

Property investment and home loans

Investing in property through your superannuation

Did you know that you are allowed to purchase property through your superannuation?

You can now be in complete control of your superannuation and choose how and what your super is invested in. Part of this is the ability to invest in residential or commercial property through a self-managed super fund (SMSF).

This process works similar to purchasing in your own name where you choose the property you wish to purchase, your superannuation funds are used for your deposit, and a loan is provided from a lending institution to complete the purchase. Rent received from your property and employer super contributions assist with your super fund in making the required loan repayments.

Purchasing property through your superannuation can be a way of increasing your property portfolio, without having the potential cash flow or equity restraints you might have if you were to purchase in your own name.

Specialist advice is required when considering purchasing through your superannuation fund.

Purchasing property with a low deposit

A low deposit does not necessarily mean you will not have a home loan approved. Options to enter into the property market with the help and support of a family guarantee are available for borrowers who have a low deposit, .

Direct family members can assist you with a guarantee, meaning they are providing a small amount of their property equity to assist you with purchasing your home. It is important to note that the family member offering the guarantee must have a property themselves, that either has a loan to another bank or is owned outright.

A family guarantee will also save you in having to pay costly lenders mortgage insurance premiums. Lenders charge a mortgage insurance premium when the borrower has less than a 20-per-cent deposit, this premium is paid to the lender and can add up to thousands of dollars. It is getting harder for borrowers to save such a large deposit but the family guarantee forfeits the need to pay high mortgage insurance premiums, and the requirement of the borrower to demonstrate their savings history to the lender.

Talk to Mulcahy & Co’s lending team to find out if this can work for you. Our range of Ballarat lending services will help you obtain the mortgage package or other loan or finance you are looking for. Check out our lending FAQs for more information.

About Lending

All the Ballarat mortgage specialists at Mulcahy & Co are qualified and experienced to offer you the best advice when it comes to choosing a home loan that is perfect for you and your family. We take the time to understand your unique situation and tailor-make a finance solution to suit your individual lifestyle. We work...

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Finance Process

At Mulcahy & Co, we have developed a step-by-step guide outlining what is involved when applying for finance in Ballarat. For your peace of mind, the team Ballarat lending team at Mulcahy & Co will work with you to get you through the entire loan process and find the best option for you and your...

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Lending FAQ

Our Ballarat business lending and mortgage specialists at Mulcahy & Co get asked a range of common questions by clients and prospective clients. We offer specialised lending and financial solutions for just about any purpose therefore we have a wealth of industry knowledge to guide clients through the finance process. When it comes to financing...

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Loan Application

Mulcahy & Co aims to make the process as easy as possible for people submitting mortgage and business loan applications in Ballarat and district. Our mortgage and business lending specialists can walk people through our step-by-step finance process from start to finish. The Mulcahy & Co lending team has widespread knowledge of the lending process...

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