Banks love a good acronym. Here are three you'll come across on your home buyer journey: LVR: Loan to Value Ratio is how much you're borrowing compared to the value of the property (and accounting for all fees and taxes). An LVR of 80%, for instance, means you have a 20% deposit to contribute to the purchase once you've paid Stamp Duty and other costs. LMI: Lenders Mortgage Insurance is what protects the bank on the off-chance you default on your loan before you've had a chance to build up your equity. Generally you'll have to take out this insurance if you have a smaller-than-usual deposit (as you'll be considered a bigger risk). SVR: Standard Variable Rate is the interest rate of a lender's 'standard' home loan. These loan products usually include a lot of bells and whistles, and so will be more expensive than a basic variable loan. Any questions on home loan jargon? Send us a DM. #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne
CFG Mortgage & Finance Specialists
Financial Services
Bulleen, Victoria 641 followers
Award Winning Mortgage Brokers
About us
At CFG Mortgage & Finance Specialists we provide loans to suit every individual's needs. We offer our diverse range of clients tailored finance solutions, from mortgages for first home buyers to loans for seasoned property investors. If you are looking for a home loan, or if you need to refinance for future investments, our financial services experts will be able to help you. Our goal at CFG Mortgage & Finance Specialists is to forge long-term relationships with each of our clients in order to provide them with full financial packages that present possibilities they may never have considered.
- Website
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http://www.cfg.com.au/
External link for CFG Mortgage & Finance Specialists
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Bulleen, Victoria
- Type
- Privately Held
- Founded
- 1998
- Specialties
- Tailored Finance Solutions, Property Investment, Self Managed Super, First Home Buyers, Debt Consolidation, Low Doc Loans, Refinancing, and Business & Commercial
Locations
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Primary
Suite 13, 79 Manningham Road
Bulleen, Victoria 3105, AU
Employees at CFG Mortgage & Finance Specialists
Updates
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To DIY, or call in the experts? A home renovation can improve the equity in your home, so it makes sense to get it done right. Who's planning to renovate this summer? #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne
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People are often surprised to hear we don’t charge a fee to help them find the right loan product. Instead, we’re paid a commission by the lender. It's our job to be across thousands of loan products and to scour the market to find you one that: - Suits your needs now and into the future - You have a good chance of being approved for - Will be processed within the timeframes you require. And to address the elephant in the room: these commissions are more-or-less the same amongst lenders and in no way influences which solutions we present to you. Get in touch to get started. #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne
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This has been used as a battle cry for hundreds of years and tells us that luck will be on our side if we simply give it a crack. We like to think so – although we understand this is easier said than done right now, given the economic challenges many of us are facing. Here's to brighter days ahead. #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne
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Rentvesting is where you buy a property but live elsewhere (in a rental). It's not a bad way to get into the market, because it means you get to lock in today’s prices without being locked into living in the same place 'forever'. Who's considering buying an investment property before their first home? #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne
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"The best way to predict the future is to create it" Great reminder to put the work in now to create your ideal life and work! #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne
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There's been talk in recent years about the fact Australia will soon face the largest intergenerational wealth transfer in history. Seems a bit morbid, doesn't it? But that might be the problem - no one wants to talk about it. Over half of us don't have a will, yet hope that our children will invest their inheritance wisely. Time to get talking to our families about money! #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne
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Wishing you all a Merry Christmas and a safe and prosperous New Year! Thanks for coming to us for your borrowing needs. We’re looking forward to working with you again in 2025. We hope you and your family enjoy a safe and happy holiday season. Please note - our office will be closed from the 20th December and will reopen on the 6th January #merrychristmas #holidays #takingabreak #mortgagebroker #realestate #realestateau #finance #interestrates #firsthomebuyers #refinancemortgage
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Thinking about buying an investment property? You may have heard of interest-only loans and thought, 'Hmm, that seems pretty appealing.' Unlike most home loans - where your repayments cover both the amount you borrowed, along with the interest you're accruing - interest-only loans mean you're not paying down the actual loan amount. Generally, interest-only loans are only available when buying an investment property, and for some construction loans. Get in touch to find out if an interest-only loan is for you. And always speak with your accountant to understand any capital gains benefits. #CrestFinancialGroup #CFG #AustralianHomes #AustralianRealEstate #Property #Ivanhoe #Eaglemont #Heidleberg #Bulleen #Templestowe #Doncaster #YarraRiver #YarraBend #Melbourne #MelbourneBusiness #MelbourneProfessionals #MilanClubMelbourne