Yingxin Mortgage

There are thousands of different mortgages available in Australia, and it is often hard to know which one is best for your needs. Our experienced mortgage team will help you make sense of the world of home loans

Deal with professionals who are experienced and know what they are talking about. We know how complex financing can be and provide you with a number of options suitable for your unique situation.

You may be surprised at some of the innovative ways in which we can structure loans to help meet your particular lifestyle and financial needs. Let us help create flexible solutions for you.

 

What We Do For You

Our mortgage brokers will meet with you, listen to your needs and assess your financial circumstances to ensure we find a suitable loan for you. YINGXIN mortgage brokers have access to a wide range of loan products from a variety of lenders. You can be sure of options from major banks and many other leading mortgage providers. We will:

  • Assess your financial circumstances and needs
  • Compare hundreds of home loan deals to find the right one for you.
  • Give you expert advice to help you find the right deal and mortgage structure for your situation.
  • Clearly explain the fees, costs and conditions associated with home loans.
  • Help you fill out all the mortgage application paperwork and guide you through the process to make your life easier.
  • Provide expert advice and support throughout the process.

 

Commercial Loan

YINGXIN are experts in commercial and business loans. With great industry connections, YINGXIN achieves excellent results with quick turnaround times.

If you would like to purchase a commercial property or if you are interested in purchasing a business, YINGXIN has specialist commercial lenders who can evaluate the commercial lending market to find the most suitable product and apply for a loan on your behalf. We hold key relationships and have the knowledge and experience with all lenders which is important when presenting a transaction to the lenders. Our areas of expertise include:

Commercial Property - Hotels and Factories.

Business - Small or Large Retail Businesses, Accountancy Practices, Childcare, Nursing Homes and etc.

 

Trust Loan

What documents do banks look for?

When a lender receives a trust application they will carry out a full credit assessment to decide if they should approve the loan.

When assessing the loan they tend to look for:

  • The type of trust: Trusts are assessed in many different ways. Some banks prefer discretionary or family trusts while others are happy with hybrid, property investor and self-managed superannuation fund (SMSF) trusts.
  • The trust credit file: The directors and beneficiaries of a trust have credit files but did you know that trustee companies and, in some cases, trusts have a credit file as well? The banks check the file for applications to other banks and for any blemishes.
  • The trust deed: The trust deed confirms who the beneficiaries and the trustee actually are. The deed will be checked to make sure that the trustee has the power to apply for loans for the trust.
  • The loan structure: Many people choose to have the loan in the name of the trustee or director of the trustee company rather than in the name of the trust. In other words, the director of the trustee company is the borrower while the trust is the mortgagor. This is done to take advantage of negative gearing benefits when using a unit or hybrid trust.
  • The beneficiaries: Did you know that some lenders require all adult beneficiaries to be guarantors? Most trusts have two, three or more beneficiaries and these structures can make it difficult to borrow money.

We know what the banks look for when it comes to trusts!

 

Benefits of buying property in a trust name

Tax benefit

You may be able to reduce your tax bill by distributing income to family members with lower taxable income.

Asset protection

Trusts allow you to control and receive income from assets without having them in your name.

This may protect these assets in the event that you’re sued or you go through a divorce.

Estate planning

Some trusts may allow you to effectively pass assets on to future generations without paying excessive taxes or going through estate disputes.

Check out the trust information page for tips on investing using a trust.

 

How do lenders view trusts?

Banks and other lenders in Australia tend to view trusts as extra work for them without any extra reward.

Trust applications are very complex, often with legal issues to consider, as well as more extensive paperwork to complete before approving the loan.

The majority of bank managers, mortgage brokers and credit staff don’t understand how trusts work so trust applications tend to get bounced between bank departments, resulting in delays and errors

On top of this, many bank managers don’t actually know if their own bank does trust loans as many banks have ambiguous credit policies.

One of Australia’s major banks in particular can’t lend residential loans for trusts simply because their computer system can’t handle them!
We are mortgage brokers that specialise in financing loans for trusts.

Please contact us on (02) 9264 8988 or complete our free assessment form to find out which lenders will allow you to borrow for your trust.

 

SMSF Loan

An SMSF loan is a home loan used by a self-managed super fund (SMSF) to buy investment property. The returns on the investment – whether that’s rental income or capital gains – are funnelled back into the super fund, increasing your retirement savings.

Investing in property within superannuation is not as straightforward as investing outside the superannuation environment. All investments need to be in the best interests of fund members and in accordance with the laws around SMSF borrowing. As such, any property investment should have an income stream and realistic prospects for capital growth.

How will the banks assess my borrowing capacity?

The main hurdle encountered by most SMSF applicants is proving that there is sufficient income in the trust to support the loan.

Typically, the banks will look at the current income of the trust based on its previous two years tax returns and will then assess if that income plus the proposed rental income will be sufficient to service the debt.

Some lenders can also use the income of members or beneficiaries of the SMSF to support the application if a personal guarantee is provided.

You can use our SMSF borrowing power calculator to see how some of our banks would assess your situation.

Rules relating to Self-Managed Super Funds

There are special rules governing how super funds must be run:

  • The fund must always be run with the sole purpose of providing retirement benefits.
  • You cannot use an SMSF to gain early and improper access to superannuation.
  • SMSFs can now borrow as long as certain requirements have been met.
  • The SMSF trustee can either be a company owned by all members or all members as individual trustees.
  • An SMSF can have between one to four members.
  • The SMSF must always maintain and follow its investment strategy.
  • The trustee must ensure that the SMSF complies with the Australian Taxation Office (ATO) regulations and guidelines.

How do I apply for an SMSF loan?

There are few mortgage brokers or bank managers that understand Self-Managed Super Funds (SMSF), and even fewer who are experts in lending to them.

By using our services, you can get the best advice for your SMSF trust loan with the cooperation of our lending specialist and senior financial planner.

Please call us on (02) 9264 8988 or fill in our free assessment form to discuss your loan with one of our mortgage brokers.