Buying your first home is a huge learning curve and no doubt it will be one of the biggest financial decisions you’ll make in your lifetime. It pays to have someone by your side through the buying journey, making sure you understand the process every step of the way.

When you work with Trinity Finance you get the right advice to set yourself up for success into the future.

When it comes time to upgrading and buying your next home, life is usually a little more complex. But did you know that the structure of your home loan has a massive impact on the amount of wealth you can create through property?

When upgrading, it’s important to get the right advice and ensure you are making solid decisions to continue to grow your wealth through property.

In addition to a good interest rate, each loan structure needs to be tailored for your individual circumstances – based on a sound financial strategy. At Trinity Finance, we do exactly this.

Trinity Finance Group can help you:

• Take the complexity out of buying your next home

• Provide you the right advice when you need it.

• Understand your position and devise and execute a strategy to meet your changing needs

You need the right team with the right strategy. And at Trinity Finance, we pride ourselves on our strategic advice.

Creating wealth through property starts with a single property. The moment you have two properties you have a portfolio. As you progress along the journey to growing your wealth through property, every decision you make along the way is a vital steppingstone and has a consequence.

Despite fluctuating markets, building a property portfolio remains a popular form of long-term investment here in Australia. But finding the right investment property can be tricky … and it takes considerable time and effort.

Most importantly, where and what you buy will affect your return on investment.

Here at Trinity Finance, we develop your unique strategy with careful consideration. By working with us you’ll understand your financial position and we’ll carefully craft a strategy to make the most of it.

A bridging loan, or bridging finance, is a short-term loan that can help you finance the purchase of a new property while you sell your current property. Most people sell their old home first, and then buy their new home with the available equity.

When you take out a bridging loan, the lender usually takes over the mortgage on your existing property as well as financing the purchase of the new property. The total amount borrowed is called the Peak Debt and includes the balance of the loan on your existing home, the contract purchase price of the new home and any purchase costs such as stamp duty, legal fees, and lenders fees.

The minimum repayments on a bridging loan will generally be calculated on an interest-only basis, and in many cases this interest may be capitalised until the existing home is sold – that is, accrued and added to the Peak Debt.

Once you sell your first property, the net proceeds of the sale (sale price minus any sale costs such as selling agent's fees) are used to reduce the Peak Debt. The remaining debt then becomes the End Debt, which is repaid as a standard mortgage product from this point onward.

Struggling to save a deposit? With a guarantor loan you may be able to borrow up to 105% of your property’s purchase price.

Many lenders will allow a related third party to provide additional security to help a family member buy their own home. The person providing this assistance is known as a guarantor.

This is different to being a co-applicant. A co-applicant will be included on the loan and will be responsible for the entire loan until such time as it is repaid in full.

A guarantor, on the other hand, is linked to the loan by a guarantee which may be for a limited portion of the loan. This guarantee may be released, and the guarantor’s responsibility terminated before the loan is fully repaid, subject to lender consent.

Borrowers must be able to service the entire loan on their income.

If you have someone in your life who can act as guarantor, a third-party home loan could be the perfect option for you. And the great news is, we know from experience that many people can remove the guarantee in 3 to 5 years.