Fenil Patel - SFP Finance

Fenil Patel - SFP Finance Professional Mortgage guidance tailored to your Financial Goals.

Based in Sydney, I started growing the business and today works with talented team of Professionals, each committed to providing ongoing support to their Customers. Specialising in Residential Home Loans, no matters what your Finance needs are, our team are able to help you.

05/02/2026

📈 Interest Rates Have Just Gone Up — Here’s What That Means for Your Mortgage 📈

The Reserve Bank of Australia has increased the official cash rate to 3.85% — the first rise in more than two years and a sign that interest costs could keep climbing. 

💸 What this means for homeowners:
• If banks pass this rate rise on in full, a $600,000 mortgage could add roughly $125+ extra per month to your repayments — and more if your balance is higher.

• Many Australians are now feeling mortgage pressure — and experts warn rate rises could push some into stress. 

📊 Average mortgage rates across the market also show variable rates are generally well over 5%, meaning higher overall interest costs for many borrowers. 

💡 What you can do now:
✔️ Check if your current rate is still competitive
✔️ See if refinancing or switching loan options could lower your repayments
✔️ Lock in a better structure before further increases

A quick loan review today could save you hundreds every month — and thousands over the life of your loan.

📩 Message me now for a free home loan health check! 🏠💬

08/01/2026

🏡 **Buying an Investment Property?

Your Loan Structure Could Change the Numbers Significantly

Many buyers focus on the interest rate — but how you buy (Personal vs SMSF) can impact valuation, borrowing power and long-term returns.

Let’s look at a simple example 👇

📊 $900,000 Investment Property Example

👤 Buying in Your Own Name
• Valuation: ~$900,000
• Borrowing: up to 80% = $720,000 (subject to lender)
• Interest rates: generally lower
• More lender options + offset/redraw
• Flexible use of property
• Rental income taxed at personal rates

🧾 Buying Through an SMSF
• Valuation: often more conservative (e.g. ~$850,000)
• Borrowing: typically 70% = ~$595,000
• Interest rates: usually ~1–1.5% higher
• Investment only — no personal use
• Rental income taxed at 15% inside super
• Additional setup & compliance costs apply

👉 Same property.
👉 Different structure.
👉 Very different outcomes.

📉 With rates moving, choosing the wrong structure could mean:
• Lower borrowing power
• Higher repayments
• Missed tax opportunities

📩 Thinking of buying or investing?
Before you commit, let’s compare both options using your real numbers and see what actually works for you.

💬 Message me to get clarity before you sign anything.

PS: SMSF strategies would require financial and tax advice.

28/11/2025

💡 What is the 5% Deposit Scheme?

It’s a government program that helps eligible first-home buyers purchase a property with only a 5% deposit instead of the usual 20%.
Normally, buyers with less than 20% need to pay Lenders Mortgage Insurance (LMI) — which can cost thousands. Under this scheme, the government acts as the guarantor, so buyers don’t have to pay LMI.

In simple terms:
• Save a smaller deposit (5% instead of 20%)
• Avoid paying LMI
• Buy sooner instead of waiting years to save more

Who it helps:
• First-home buyers
• Singles and couples who meet income & price caps
• People who can afford repayments but struggle with the big upfront deposit

If you’d like to check your eligibility or run the numbers, please reach out — happy to help.

13/08/2025

📉 RBA Rate Cut – 0.25% 📉

The Reserve Bank has just reduced the cash rate by 0.25%.
This could be the perfect time to:
✅ Review your home loan
✅ Refinance to a better deal
✅ Explore buying your next property

Even a small change in rates can make a big difference over the life of your loan.

📲 Message me today and let’s see how the new rate could work for you.

— Fenil, SFP Finance

07/08/2025

🏠 Think you need a 20% deposit to buy a home?

Not necessarily!
But if your deposit is under 20%, most lenders will charge you something called Lenders Mortgage Insurance (LMI).

Here’s what you need to know:
🔹 LMI protects the lender — not you
🔹 It can add thousands to your loan
🔹 But there are ways to reduce or avoid it

💡 Example:

You’re buying a home for $700,000
You have a 10% deposit = $70,000
Your loan = $630,000
Because your deposit is under 20%, the lender may charge you LMI

👉 Estimated LMI cost: $15,000–$18,000 (depending on lender and loan structure)

BUT — with the right advice, you might:
✅ Reduce this cost
✅ Roll it into your loan
✅ Avoid it altogether (with the right lender or guarantor)

⸻

✅ Buying your first home?
✅ Refinancing with a small deposit?
I can help you:
✔ Explore low-deposit loan options
✔ Find lenders with reduced LMI
✔ Create a strategy that gets you into the market sooner

⸻

📲 Got questions about LMI or your borrowing power?
Let’s talk — I’ll simplify the process and help you plan with confidence.

👉 Call or Send a message.

09/07/2025

🏦 Base Rate vs Comparison Rate — What’s the Real Cost of Your Home Loan?

When comparing home loans, don’t just look at the base rate — it doesn’t tell the full story.

🔹 Base Rate
This is the interest rate charged on the loan.
❌ It doesn’t include any fees or charges.

🔸 Comparison Rate
This includes the base rate + most upfront & ongoing fees (like application, monthly, or annual fees).
✅ It gives a clearer picture of the true cost of the loan over time.

⸻

💡 Example:
• Loan A: 5.79% base rate, 6.25% comparison rate
• Loan B: 5.95% base rate, 6.00% comparison rate
👉 Loan B may be cheaper overall, even with a higher base rate!

⸻

🎯 Tip: A low base rate might hide high fees. Always check the comparison rate for the real cost of the loan.

📲 Unsure how to compare your options? Let’s chat — I’ll help you find the right loan, not just the lowest-looking rate.

—
SFP Finance | Honest Advice. Smarter Lending.

24/06/2025

🔹 💸 Equity vs Cash Out – What’s the Difference?

🔹 Equity = Your ownership in the property.
💡 It’s the difference between your home’s value and what you owe on your loan.

🏡 Example:
Home value = $800,000
Loan balance = $500,000
✅ Equity = $300,000

⸻

🔹 Cash Out = Accessing a portion of that equity in actual money.

➡️ Usually done by refinancing your home loan to borrow more than you currently owe.

🏦 Example:
Refinance your $500k loan to $600k
Get $100k as cash out

✅ Why people cash out:
• 🛠 Renovations or upgrades
• 💼 Start or grow a business
• 🧾 Pay off high-interest debts (like credit cards)
• 📈 Invest in another property or shares
• 🎓 Fund education or life milestones

⸻

⚖️ Things to Consider
• You’re increasing your loan amount, so repayments will rise.
• Most lenders cap cash-out to 80% of the property value without LMI.
• Not all lenders allow unrestricted use of cash-out — some have conditions.
• It’s not “free money” — it’s your wealth in another form.

⸻

🔍 Why it matters:
Understanding how equity works — and when it makes sense to cash out — can help you make smarter financial decisions without taking on unnecessary risk.

💬 “Want to explore your equity or see if a cash-out refinance makes sense for you?

Let’s chat!”

📲 Not sure what’s your LVR is, or how to improve it?Let’s chat — I can break it down and help you strategise, whether yo...
09/06/2025

📲 Not sure what’s your LVR is, or how to improve it?
Let’s chat — I can break it down and help you strategise, whether you’re buying, refinancing, or just curious.

05/06/2025

Why go to one bank… when mortgage brokers can take you to 30+?
(And it won’t cost you a cent.)

Here’s why smart borrowers choose a mortgage broker over going direct:

✅ More Choice – We compare dozens of lenders to find the right fit.
✅ Better Deals – We negotiate on your behalf to get sharper rates.
✅ Personalised Advice – Your goals come first, not the lender’s.
✅ Less Stress – We handle the paperwork, the calls, the follow-ups — everything.
✅ No Fee – Our service is 100% free. We get paid by the lender, not by you.

Whether you’re buying, refinancing, or investing, a mortgage broker works for you — not the bank. 🙌

📲 Message us today for a quick chat — no pressure, just smart advice.

30/05/2025

✅ Mortgage Jargon Buster:

Fixed vs Variable Rates

Thinking about buying or refinancing? One of the first choices you’ll make is whether to go fixed or variable with your home loan.

Here’s what you need to know:

🔒 Fixed Rate:
• Lock in your rate for a set period (1–5 years)
• Predictable repayments = easier budgeting
• Ideal if you want peace of mind
⚠️ Less flexible & you miss out if rates drop

⚡ Variable Rate:
• Rate moves up/down with the market
• Can save you money if rates fall
• Often more flexible for extra repayments
⚠️ But your repayments could increase too

👉 Not sure what’s best for your situation? Our team can help you weigh your options and find the right fit.

📲 Message us today — clarity starts with a chat.

Address

Marsden Park, NSW
2765

Telephone

+61416963034

Website

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