Bank, Broker or Prowealth?

Meeting your needs from a loan requires the right people providing the right loan structure using the right loan product - all with a "right now" attitude.

Prowealth has formed Prowealth Money, the investment finance specialist.

You will have direct access to the same Prowealth Money advisor from initial enquiry; to loan settlement; to post-settlement service. Your Prowealth Advisor has the focused in-depth knowledge to arrange a loan to suit your needs.

Prowealth Money retails a carefully selected range of loans with the flexibility to fit your current needs and to adjust to your changing lifestyle. With Prowealth Money Full Doc or Lo Doc home loans you can buy or build a property, or refinance for business, investment or personal purposes.

Having the right structure can make the difference between obtaining a loan or not. Even the right loan needs to be correctly structured to meet your needs such as borrowing the maximum loan amount, reducing repayments, paying your loan faster, or using mortgage minimisation techniques with a line of credit.

With any funder there are many steps from initial enquiry to final settlement. Constantly chasing answers from "Press one for..." calls to anonymous people at a call centre is time consuming and frustrating. At Prowealth Money the same person will be accountable to give you answers throughout, and because we have a controlled follow up system we'll be calling you.

Prowealth Money Self Managed Super Loan

Superannuation funds can now borrow money to purchase real estate. An investor can have just as much choice and control over investment properties inside as outside a superannuation fund.

Until recently, this has not been possible because of restrictions on superannuation funds borrowing and charging their assets. The Superannuation Industry Supervision Act (SIS ACT) was amended in September 2007 to allow super funds to borrow and charge their assets so long as a special structure is used.

Many Australians have significant money in superannuation, and more and more are establishing their own self managed super funds (SMSFs). Many people would like to be able to include real estate in their super fund's investment portfolio.

SMSFs want to gear their real estate investments in order to diversify risk, increase the yield on the investment, and because many funds do not have sufficient money to purchase real estate outright.

Features of the structure
• Choose any kind of property including residential, commercial, retail, and holiday units.
• A super fund can purchase real estate let for business purposes from a member or a related entity. (ie this does not breach the in house asset rule under the SIS Act).
• The beneficial owner of the real estate will be the SMSF.
• The lender has no recourse to the other assets of the SMSF, providing the SMSF with absolute protection for its other assets.
• The loans are personally guaranteed by the member/s of the SMSF (subject to credit approval).
• SMSFs can deal with the property however and whenever they like, in the same way as investors can deal with "normal" investment properties (eg: lease, renovate, repair, or sell) (subject to the terms of the relevant loan and mortgage).
• All rents are paid direct to the SMSF. Loan repayments are made in the ordinary way from the SMSF.
• The SMSF can pay out or reduce the mortgage at any time (subject to the terms of the relevant loan).
• When the mortgage is paid out in full, title to the property can be transferred to the SMSF or the Property Trustee can continue as registered proprietor.

For more details, download our Brochure below.

SMSF Loan Product Disclaimer
Please note that the information attached is purely factual in nature and does not take account of your personal objectives, situation or needs. The information is objectively ascertained and therefore, does not constitute financial product advice. Because we do not hold an Australian Financial Services Licence (AFSL), we have not compared a SMSF with other superannuation structures, which are considered to be financial products. You should consider taking advice from the holder of an AFSL before making a decision about your superannuation. You should make and rely upon your own inquiries in order to determine whether or not a SMSF and this information is, in fact, accurate and suitable for your specific circumstances.

SMSF loan brochure

Prowealth Running Account

Pays the holding cost without any contribution from you.
An excellent way to hold more property if cash flow is an issue.
The ideal way to ride through the peaks and troughs of the market - buying time.
Provides a cash buffer or safety net if things go wrong.

HOW DOES IT WORK?
Lets assume Property 1 has an out of pocket cost of $115 per week ($6,000 per year)
This is the money you would normally have to put in yourself.

By setting up the Prowealth Running Account, you can pay the shortfall from this account without having to dip into your own pocket.

This loan has many features and benefits - too much to explain here, so call Prowealth Money and make an appointment to find out how the Running Account could help you grow or start your portfolio.