Are you considering finance when you go to auction?

Make the smart choice.

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Get your finance in order

There are many reasons to get pre-approval before attending an auction, including: 

You’ll know how much you can spend – Pre-approval gives you a clearly defined budget. It takes all the guesswork away from what you may be able to afford or what a lender will offer you.

House hunt easy

House hunting isn’t easy. Usually, you’ll need to spend some time searching before you have a clear idea of exactly what it is you want to buy. Pre-approval can help you fine tune your house hunt because you’ll know what’s realistic, and you can fine tune the kind of property you’re searching for and area you search in accordingly.

Buy with your head

You shouldn’t make an offer for or bid on a property without knowing exactly how you’re going to fund the purchase. If you neglect to get pre-approval, when it comes time to complete your purchase you might realise you actually can’t afford the home you’ve offered or contracted to buy. 

Professional Advice

There’s no get out of jail free card for auctions as there might be if you purchase via a private treaty, where you can make the contract subject to finance. At the very least a failure to get pre-approval will make for a very rocky purchase process and create lots of headaches.

We can help you find the right loan for your needs, so you can make the right financial decisions for your future.

First Home Buyer

Are you a first-time home buyer?
We have the perfect loan for you!

But with our help, you can get the loan you need to finally buy your dream home.

SMSF Loans

Get the most out of your SMSF.

Our loans can help you boost your investment portfolio and take control of your financial future.

Investment Loans

If you're ready to feel confident and in control of your finances, we can help you find the right loan for your needs. 

Self Employed Loans

We understand how different it is for self-employed to get access to a home loan. Our team provides the insights and expertise with the panel of lenders that understand the self-employed borrower.

Expat Loans

If you're an expat looking to borrow in Australia, you're not alone. We can help you find the right loan for your needs.

Non-Resident

You may not be a resident of Australia, but that doesn't mean you can't borrow money to buy a property here! 

Development and Construction

Are you looking to borrow to undertake a development and construction project? With our flexible lending products, you can make your dream project a reality.

Equipment Leasing

You're not alone. In fact, equipment leasing is one of the most popular ways to finance equipment. Whether you're looking to lease a car, a truck, or some other type of equipment, we can help you get the financing you need.

Working Capital

Do you need money to grow your business? We can help. Borrow for working capital finance and get the money you need to expand.

Make the smart choice.Talk to your local professional at Ding Financial

Bidding

The best start to your property adventure is to secure your finance first before making your next move - and that includes even house-hunting! 

Loan structure

Depending on the structure of your loan, some of your repayments may be variable and unpredictable, and other parts fixed. Will you have enough flexibility in your budget to cover a higher repayment if the rates go up?

Research

It is important that you consider your full research of the property, suburb and purchase considerations. On the day emotions can take over and you will need to be confident that you have all the process in play before placing the bid.

Deposit ready

If you're the successful bidder at an auction, you must be ready and willing to pay a deposit on the spot. Typically, you'll be up for 10% of the purchase price but check the contract of sale.

There is no cooling-off period in an auction as there is with a private sale. The seller and buyer are legally obliged to exchange contracts and complete the purchase. Backing out will see you lose your deposit and you may be held liable for any losses the vendor incurs re-auctioning the property.

That's why we're here to help. We'll take the time to listen to your needs and desires, and work with you to find the best solution for your individual circumstances.

Level 3 Suite 310 247 Coward Street Mascot NSW Australia 2020
+61 2 8338 8900
loans@ding.financial
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