General
Do We work after hours and weekends?
We can meet at a time and place convenient to you. We can meet you after work or weekends, your house or our office, whatever suits you best.
Do We get commission?
Yes, We receive a commission from the lender once your home loan settles. This means you get all the benefits of using a broker at no cost to you.
Do We brokers charge a fee?
The service provided by We Do Finance is free to all clients regardless of the value or difficulty of the loan.
What are the benefits of using a We Do Finance Broker?
Donna is a expert at finding you the best loan. With so many loans and options out there, we evaluate your situation and work out which loan product is best for you. We then negotiate with the lenders on your behalf, we save you time and money by doing all the legwork for you. Best of all our service is free.
What do We do?
Donna will evaluate your finance needs, find you the best loan for your situation and negotiate with the lenders on your behalf. We Do Finance will do all the legwork for you. We help you through the whole application process through to settlement and beyond.
First Home Buyers
How much is the First Home Owners Grant?
The first home owners grant is a one-off grant of $15,000 payable to eligible first home owners on the purchase or construction of a new home up to the value of $575,000. *This amount effective 1 January 2014.
What is the First Home Owners Grant?
The First Home Owner Grant (FHOG) is a one-off grant paid by the State Government to eligible first home owners. The payment is made only after an application has been submitted to and approved by Revenue SA.
FHOG applies to the purchase or construction of a new residential property, including; a house, flat, unit, townhouse or apartment that meets local planning standards anywhere in South Australia. FHOG ceased for established homes from 1 July 2014.
Existing Home Owners
I have found my next home but haven’t sold my existing home yet. Should I consider bridging finance?
It is not always practical to sell one property before purchasing another. Bridging Finance can allow you to buy a new home before you sell your existing home.
A bridging loan works in a similar way to a standard home loan. The best part about a bridging loan is that you will not have to make loan repayments on this loan whilst you are in the process of selling your old house, helping you to manage your cash flow during the selling process. Bridging loans are usually for a maximum term of 6-12months depending on the lender..
Property Investors
How much money do I put towards the deposit on my first investment property?
When starting to invest in properties, it is recommended that you borrow as much money as you can and save your cash. The main reasons for this are;
- Increases capacity to buy more properties:
If you only pay the minimum required deposit on a property that frees up the rest of your cash to use as a deposit towards future investment properties, therefore increasing the amount of properties you can buy and maximising your capital gains. - Negative gearing benefits:
If you earn a high income, then it’s likely that you are paying a high amount of income tax. By borrowing a high percentage of the property value, you can reduce your income tax liability and potentially save money. - Keep cash for renovations or repairs:
You may want to renovate or repair fixtures on your investment property. By borrowing a high percentage of the property value, you can retain the cash to complete these tasks.
Refinance / Debt Consolidation
Should I refinance to get a lower interest rate?
This is a common reason why people choose to refinance, but it is not always the best. Before you consider changing your home loan purely to obtain a lower rate, you must make sure that you consider other factors. These factors include making sure that you calculate all the fees and charges involved with your new loan, as well as considering if you stand to lose features such as redraw facility, branch access, free additional repayments or access to an offset account.
Should I refinance to consolidate my debts?
Refinancing your existing debts can be a great way to consolidate debts into one payment. This process may involve adding a car loan, credit card loan or personal loan into your mortgage to take advantage of the lower rate typical of a home loan. While the benefit can mean being able to rapidly pay off your debt, it also requires strict discipline. For example, if you roll your credit card debt into your mortgage but then make regular payments, the shorter term debts you consolidated will now be paid off with your mortgage, taking as long as 25 to 30 years.gs.
Self Employed
What is a Low Doc Home Loan?
Low Documentation (Low Doc) Loans are specifically designed for self-employed borrowers who may not have access to financial statements and tax returns required when applying for a loan. Low doc loans are available for home loans and personal loans. Low Doc interest rates are generally higher than a standard loan.