There are a wide range of loan and finance products on the market. JSP endeavour to help you to find the product that is best for you.
At JSP Financial Services, our services include:
First Home Buyer
A home buyer can obtain financing (a loan) either to purchase or secure against a property from a financial institution via a mortgage broker. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. It’s always best to speak with a mortgage brokering professional to determine the loan that is right for you.
Investment loans are structured in a specific way that allows you to make the most of your assets. An investment plan is one that works towards building your wealth and securing your financial freedom. The housing market is generally a seven to ten year cycle: there are always highs, lows and steady patches.
Commercial Loans and Business Loans
Due to expensive upfront costs and regulation related hurdles, smaller businesses do not typically have direct access to the debt and equity markets for financing purposes. Therefore, they must rely on financial institutions to meet their financing needs. Commercial Loans are renewable loans used to finance a company’s immediate working capital needs. These can be large or small scale and usually operate short-term.
Standard variable & Fixed Rate Loans
The variable rate loan offers more features and flexibility than the basic or “no frills” loan, so the rate is usually slightly higher. Fixed rate loans are set at a fixed rate for a specified period – usually one to five years. The advantage of allowing you to organise your finances and repayments without the risk of rising interest rates is offset by the disadvantage of not benefiting from a drop in rates.
A bridging loan may be necessary to cover the financial gap when buying one property before the existing one is sold. This finance is generally secured against your property as you are utilising the equity in your existing property. Usually, bridging loans are short term and more expensive than other types of loans.
Home Construction Loans
This is a loan to consider when deciding to build or make structural renovations to your property. This type of loan may require more documentation, complex processes and budget planning than a traditional home loan due to the unpredictable additional costs of building. Renovations for investment properties can also have tax implications. To gain a better understanding of how you can make this type of loan work for you, talk to an expert at JSP Financial Services.