Refinancing

Embark Financial is a Finance and Mortgage Broker based in Mount Waverley, Victoria and helping customers across Australia. Our comprehensive services include home loan arrangements, investment property financing, commercial lending solutions, and refinancing options. We work with multiple lenders to secure suitable finance solutions tailored to your specific circumstances. Our experienced brokers provide personalised advice on loan structures, interest rate options, and repayment strategies. Whether you're a first-home buyer, property investor, or business owner seeking commercial finance, we guide you through the entire process from initial consultation through to settlement.

At Embark Financial, we use a comprehensive assessment process to match you with the most appropriate lender for your specific situation. This involves analysing your income, employment history, credit history, existing debts, and future financial goals. We then consider each lender's assessment criteria, interest rates, loan features, and approval requirements. Some lenders specialise in certain client types, such as self-employed borrowers or those with complex income structures, while others excel in particular loan types like construction or investment loans. Our extensive knowledge of lender policies and preferences, built through years of experience, enables us to identify which institutions are most likely to approve your application and offer terms that align with your requirements.

Absolutely, refinancing is a significant part of our service offering at Embark Financial. We regularly assist Victorian clients in reviewing their existing loan arrangements and identifying opportunities to improve their borrowing position. This might involve securing lower interest rates, accessing better loan features, consolidating debts, or releasing equity for renovations or investments. Our refinancing service includes a comprehensive review of your current loan against available market options, considering factors such as interest rates, fees, and loan features. We handle the entire refinancing process, including discharge of your existing loan and settlement of the new facility. Many clients find refinancing can save thousands of dollars annually in interest payments.

Yes, Embark Financial has extensive experience helping first-home buyers in Melbourne and across Victoria access available government assistance programs. We stay current with federal and state government initiatives, including the First Home Owner Grant, stamp duty concessions, and shared equity schemes. Our brokers can advise whether you're eligible for these programs and help structure your loan application to maximise available benefits. We also work with lenders who participate in the First Home Loan Deposit Scheme, which may allow you to purchase with a smaller deposit. Understanding these programs and their eligibility criteria is crucial for first-home buyers, and we ensure you're fully informed about all options available to support your property purchase.

Working with Embark Financial provides you access to multiple lenders and loan products through a single point of contact, rather than having to approach each bank individually. Our brokers maintain relationships with major banks, credit unions, and specialist lenders, giving you broader choice and potentially more suitable loan options. We handle the application process, documentation, and communication with lenders on your behalf, saving you considerable time and effort. Our expertise in loan assessment criteria means we can identify which lenders are most likely to approve your application based on your financial situation. Additionally, our service helps you understand complex loan terms and conditions, ensuring you make informed decisions about your borrowing.

The documentation required varies based on your employment type and financial circumstances. Typically, you'll need to provide recent payslips, tax returns, bank statements, and identification documents such as a driver's licence or passport. If you're self-employed, additional documentation including business financial statements, BAS statements, and accountant-prepared financials may be required. For the property purchase, we'll need the contract of sale, and the lender will arrange a valuation. Our team at Embark Financial provides you with a comprehensive checklist tailored to your specific situation and the chosen lender's requirements. We review all documents before submission to ensure completeness and accuracy, which helps prevent delays in the approval process.

Embark Financial specialises in securing finance for self-employed individuals and business owners who often face unique challenges in the lending market. We arrange home loans, investment property loans, commercial loans, and business finance for sole traders, partnerships, companies, and trusts. Many mainstream lenders have strict serviceability criteria for self-employed borrowers, but we work with specialist lenders who understand fluctuating business income, seasonal variations, and the complexities of business structures. Our experienced brokers know how to present self-employed applications effectively, whether you're a tradesperson, consultant, retailer, or professional service provider. We help structure loans appropriately for tax purposes and work with accountants to ensure optimal outcomes for both lending approval and ongoing business operations.Retry