Buying real estate can be a daunting experience, no matter whether you are buying your first property, upgrading your family home or building an investment portfolio. There is always so much to consider when taking out a loan, which is why it is vital to use an expert who understands your financial situation and can find the best loan to suit your objectives.
Our aim at Foster Finance is to support and guide you through your property purchase, from finding you the most suitable loan and explaining the home loan approval process, through to dealing with the bank on your behalf with loan documentation and the settlement of the property.
We are also experts at ensuring that your current home loan structure is the most suitable for your situation. Since you took out your original loan both your objectives and the home loan market may have changed, and we can help you to reorganise your loans so that they are structured in the cheapest and most effective way.
At Foster Finance we believe that loan products should be easy to understand, easy to access and allow you peace of mind.
We want you to think of us as a professional resource in the same way you think of your accountant, financial planner or solicitor (but without the fees!). We are in the business of building ongoing relationships with our clients and to think of your best interests, not those of the bank.
We will work with your solicitor and real estate agent during your purchasing process, while ensuring we keep you up to date so that you always feel in control of the transaction.
Please feel free to call the office any time – we are here to help you in any way we can.
Will has been employed in the financial services industry since 1999, and after spending some time working for a major bank became a mortgage broker in 2004. Will has helped thousands of clients access finance to assist with their property and investment goals, and is passionate about continuing to help new and existing customers to structure their finances in the most inexpensive and efficient way.
You can contact Will on:
Sam has been a part of Foster Finance since 2014, where he worked closely with Will in loan processing, loan maintenance, and client services. In 2016 Sam became a Mortgage Broker and has since helped Foster Finance clients access credit for purchasing property, refinancing and asset finance.
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Mel joined our team in 2016 after 6 years’ experience in the finance industry as an Executive Assistant. Mel holds a Certificate IV in Business Administration, Diploma in Business Marketing and a Diploma in Mortgage Broking. With a great attention to detail, Mel is a friendly point of call who oversees the process of all loan applications.
Alongside our Director Will Foster, Mel will assist in providing stress-free guidance throughout the loan application. From negotiating approvals with credit teams, requesting the best possible pricing for clients, arranging signing of loan documents and managing the client services team, Mel ensures each loan is progressing through the settlement process as quickly as possible.
If you have any questions or concerns through your loan process, Mel will be more than happy to assist. The team at Foster Finance offer professional mortgage advise and will always endeavour to help in any way we can.
You can contact Mel on:
Nick joined Foster Finance in May of 2022. Nick is a qualified Chartered Accountant having worked for a mid-tier accounting firm for the past 6 years. Nick remains passionate about business and brings this expertise to the mortgage broking industry, with a particular focus on self-employed clients.
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Sally has been an integral part of the Foster Finance team since 2014 focusing on communications, mortgage support and servicing clients. Sally worked in the Public Relations industry for many years before joining Foster Finance.
Working closely with Will she has further expanded her knowledge and experience in all aspects of financial management and mortgage broking. In addition to her experience, Sally has completed her Certificate IV in Financial Services (Finance/Mortgage Broking) and her Diploma in Financial Services.
You can contact Sally on:
Subodh has been part of Foster Finance since August 2019. Subodh holds a Diploma in Business Administration & Marketing and has completed his BBA Graduate specializing in Commerce and Management from Monash University. Subodh supervises the client services team to ensure your loan application progresses efficiently and effectively from initial query, submission to settlement while looking to provide the best customer service. Along with the rest of the team at Foster Finance, Subodh will assist with any questions and concerns throughout the loan process.
You can contact Subodh on:
Rusal joined Foster Finance at the end of 2020 after completing his Bachelor of Business Administration (BBA) from Kathmandu University School of Management (KUSOM). Rusal has a great interest in numbers/finance and is looking to grow his knowledge in the Mortgage Broking industry.
Rusal looks after the initial credit assessment of our customers; he helps us identify suitable and accurate lenders as per customers' requirements and objectives. Rusal is involved in collecting information from the customers, analyzing and researching the provided information to assist brokers with the loan application process. Along with the rest of the team at Foster Finance, Rusal will also assist with any questions or concerns throughout the loan process.
You can contact Rusal on:
Lezina has been a part of Foster Finance since July 2021. Lezina holds a Master's Degree in Business Administration (MBA) and Bachelor's Degree in Information Management (BIM).
Lezina is passionate about helping people in buying their new dream house by assisting them throughout the loan process from submission to settlement. Whatever the circumstances may be, she will give her best efforts and services to get the right outcome for her clients. Along with the rest of the team at Foster Finance, Lezina will assist with any questions or concerns throughout the loan process.
You can contact Lezina on:
Prizma has been part of Foster Finance since December 2022. Prizma holds a Master’s Degree in Professional Accounting (MPA) from Charles Sturt University.
Prizma looks after the initial credit assessment of our customers; he helps us identify suitable and accurate lenders as per customers' requirements and objectives. Prizma is involved in collecting information from the customers, analyzing and researching the provided information to assist brokers with the loan application process. Along with the rest of the team at Foster Finance, Prizma will also assist with any questions or concerns throughout the loan process.
You can contact Prizma on:
Samyam joined our team in April 2023. Samyam holds a Masters Degree in Business Administration, specializing in finance. Samyam has over a year of experience in the mortgage industry working as a loan processing specialist. He is looking to broaden his knowledge and expand his skill set with great enthusiasm. Samyam will oversee client applications from submission to post-settlement. He collaborates with lenders, clients, and relevant stakeholders to facilitate an effective and seamless process and achieve favourable outcomes. Along with the rest of the Foster Finance team, Samyam will address any inquiries or concerns that may arise during the loan process.
Buying a home is a big deal, no matter where you are on the property ladder. Whether on the lookout for your first home or your next home we can help you find home loan solutions that work for you. A suitable home loan provides you with a good balance of being able to purchase a property and being able to comfortably meet the repayments. We can help you find this balance based on your deposit, genuine savings, property equity, income, regular expenses and financial commitments. Before you start looking for a property, we can get you conditionally pre-approved. That way when you find your perfect place you can move quickly and with confidence. Pre-approvals generally last between 3-6 months depending on the selected lender.
Just starting out and not sure what kind of loan you need? No worries! We are here to help. As a first home buyer, you can obtain finance from a financial institution (a loan) either to purchase or secure against the property, with our assistance. Features of a mortgage 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 professional mortgage broker to discuss your options. We can also help you determine your eligibility and apply for the First Home Owner’s Grant.
Investment loans are structured in a specific way to allow you to make the most of your assets and finances. We can work with your financial planner and accountant to ensure your loan is set up to meet your specific needs, and we have access to competitive loan options that can help you maximise your investment returns.
Commercial property and business lending policies and interest rates are rarely found on lender’s websites. Unlike residential home loans, the pricing of a commercial loan can be negotiated based on your background in business and the security to be offered. If you need help to refinance or purchase commercial property, just contact us today.
The variable rate loan offers more features and flexibility than the basic fixed rate 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. This gives you the advantage of knowing how much your repayments will be, allowing you to organise your finances without the risk of rising interest rates. However, this advantage is offset by the possibility of not benefiting from a drop in rates.
A bridging loan may be necessary to cover the financial gap when buying one property before your existing one is sold. This finance is secured against the existing property (utilising equity) and the new property being purchased. Usually, bridging loans are short term (normally 6 months) to allow for the sale of the original property and more expensive than other types of loans. There are alternative ways to finance a change from one home to another, so please talk with us to discuss your options.
Need finance for another large purchase besides your home? You can also ask us to access competitive finance options for private cars and recreational vehicles, commercial vehicles, plant and equipment for your business and other kinds of small business loans for a variety of purposes. These finance options may include personal loans, car loans, a variety of leases, commercial leasing options, chattel mortgages and more.
The major benefit of using a broker to finance other large purchases besides property is obtaining finance that is tailored to fit your current financial circumstances and needs. With depreciating assets, the right finance can also potentially save you money on interest and fees, or potentially help you maximise your tax benefits.
AND MORE – Not sure what kind of loan you need for your current financial circumstances? That’s our job. We deliver tailored finance solutions chosen from a panel of leading lenders, and give you peace of mind that your loan is working for you. Contact us today to find out all the ways we can help you.
Whether you are a just starting out with your first home, upgrading to accommodate a growing family, or expanding your investment portfolio, we are committed to providing you with the right home loan to meet your needs. We will discuss every aspect of your loan with you and ensure you understand the fine details, always with a view to helping you pay as little interest over the life of the loan as possible. You can rely on us to provide you with customer service that you will value for the life of your loan, including annual interest rate reviews, and that we will continue to support you in achieving your future goals.
