Finance Solution Group

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Finance Solution Group

We have helped many Australians get into their First Home, buy a car and secure a great rate.

LXD Finance Solutions (538178) and Daniel Tonelli (498476) are credit representatives of National Lending Group, Australian Credit Licence 412778.

27/08/2025

Got a HECS debt? That doesn’t mean you’re out of the game.

Lenders don’t ignore it...but it’s not a dealbreaker either.

Here’s how it works:

𝗜𝘁’𝘀 𝗻𝗼𝘁 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗮𝗺𝗼𝘂𝗻𝘁 𝘆𝗼𝘂 𝗼𝘄𝗲
Most lenders don’t care if your HECS is $5K or $50K. What they care about is the repayment showing on your income.

𝗬𝗼𝘂𝗿 𝗛𝗘𝗖𝗦 𝗶𝘀 𝘁𝗿𝗲𝗮𝘁𝗲𝗱 𝗹𝗶𝗸𝗲 𝗮𝗻 𝗼𝗻𝗴𝗼𝗶𝗻𝗴 𝗲𝘅𝗽𝗲𝗻𝘀𝗲
If you earn over the threshold, you’re making repayments, and lenders count that as part of your monthly commitments (just like a car loan or credit card).

𝗜𝘁 𝗰𝗮𝗻 𝗿𝗲𝗱𝘂𝗰𝗲 𝘆𝗼𝘂𝗿 𝗯𝗼𝗿𝗿𝗼𝘄𝗶𝗻𝗴 𝗽𝗼𝘄𝗲𝗿
Because part of your income is going toward HECS, the bank might offer you a slightly smaller loan than someone earning the same amount with no HECS. But it doesn’t mean you won’t qualify.

The key? Be upfront about it, and build your application around your full financial picture.

Send us a message if you need help figuring out where you stand.

18/08/2025

Right now, the First Home Guarantee is only available to married or de facto couples.
But from January 2026, the rules are expanding so two people can apply together, even if they’re not in a relationship.

Think friends, siblings, cousins. Anyone who’s financially ready and on the same page.

You’ll still need a 5 percent deposit and meet the lending criteria, but the scheme could help you avoid lenders mortgage insurance and get into the market sooner.

If you’re considering buying with someone, here are a few things worth talking about...

How you’ll split ownership: Will it be 50/50, or based on your income, deposit size or living arrangement?

Your timeline and future plans: Do you both want to hold the property for the same amount of time?
What happens if one person wants to sell, rent it out or move on?

How you’ll handle money: Loan repayments, rates, repairs, bills. Who’s paying for what?

Whether you want a formal agreement: It’s not compulsory, but a co-ownership agreement can help make things clear if anything changes down the track.

Buying with a friend isn’t new, but from next year, the loan side could be a lot more accessible.

Want help understanding how it might work for you? Contact us today!

23/07/2025

If you’re self-employed, getting a home loan isn’t impossible but lenders look at your application a little differently.

They’re not just interested in how much you earn. They want to know:
Is your income consistent?
Do you have up-to-date tax returns?
Are your business finances separate from your personal ones?

Being your own boss means your paperwork needs to be solid.
Most lenders will want at least two years of tax records, but some may look at one year if your situation stacks up.

It’s not harder. It just takes a bit more prep.

If you’re self-employed and thinking about buying, now’s a good time to get everything in order so you’re ready when the right property comes along.

08/07/2025

Should you buy in winter or wait for spring? It depends on what you’re looking for.

Winter usually means:
Less competition
Fewer properties on the market
Sellers who are often more motivated to move

Spring tends to bring:
More listings
More buyers
More competition

It’s not about which season is better. It’s about what works for you.

If you’re ready now, buying in winter could give you more breathing room.
If you want more choice, spring will likely open more doors but you won’t be the only one looking.

The best time to buy is when you’re ready to buy, not when the market says you should.

20/06/2025

Buying in the same suburb you live in isn’t always realistic, especially if you’re renting in the city.

Plenty of buyers are choosing to live where they like, and buy where they can afford. It’s not new, but it’s definitely becoming more common.

If you’re looking at regional areas, the loan process works much the same, but there are a few differences worth flagging:

Some lenders have postcode restrictions
Valuations can be more conservative
Low-deposit options may not apply to certain areas

That doesn’t mean it’s harder. It just means it helps to know what you’re working with before you start making moves.

If you’re thinking about a regional purchase and want to make sure your finance stacks up, I can help with that.

04/06/2025

Plenty of buyers are wondering whether to wait for interest rates to drop.
Fair question. But here’s what usually happens when they do:

✔️ More people enter the market
✔️ Prices start to climb
✔️ Borrowing power might increase, but so does competition

So while a lower rate sounds appealing, the property you want could be harder to get.

The better question is whether you’re in the right position.

Do you have your deposit sorted?
Does the budget work?
Have you run the numbers and feel clear on what you can afford?

If you’re not ready, that’s fine, plan for later.
If you are, let’s figure out what’s possible now.

23/05/2025

As June 30 creeps up, most people are thinking about their tax return. But if you have a mortgage (or want one), EOFY is prime time to get your loan life sorted.

Refinancing? Rates may have changed, and so have your options.
Wanting to borrow? Now’s the time to get prepped before the new financial year kicks in.
Already own a home? Review your repayments, offset/redraw balance, and interest rate.

Here’s your quick checklist:
📌 Check your interest rate
📌 Look at how much you’ve repaid
📌 Ask: Could you refinance for better terms?
📌 Maximise tax-deductible interest (if you’re an investor)
📌 Review your loan features, are you using them properly?

Need help with the homework? Send me a message and I'll help you tick all the boxes.

06/05/2025

Offset vs. Redraw: Same Same But Very Different

Offset and redraw are two of the most misunderstood features in the home loan world.
Both can save you interest. Both give you access to your extra repayments.
But here’s the difference:

Offset Account:
Works like a bank account linked to your loan
Every $ you leave in there reduces the interest you pay
You can withdraw anytime (like a regular account)
More flexibility = more control

Redraw Facility:
You make extra repayments into your loan
You can pull money back out later... but there may be limits, delays, or fees
Not all lenders let you access it easily

Offset = flexibility. Redraw = discipline.

Choosing the right one depends on your strategy, your spending style, and your goals.

19/04/2025

Wishing you a peaceful, joy-filled Easter with good company, good food, and of course some chocolate.

Whether you're taking a break, catching up with family, or just enjoying the long weekend, we hope it’s exactly what you need.

Happy Easter from us to you!

09/04/2025

Most people assume lenders only care about how much you earn.
But in actual fact, your salary is just one piece of the puzzle.

Here are 3 things that matter just as much, if not more, when it comes to home loan approval:

1️⃣ Consistency of Income
Banks want to see stable, regular pay, not just big numbers.
👉 Two people earning the same amount can get very different results if one has unpredictable or casual work.

2️⃣ Spending Habits
It’s not about being a tightwad, it’s about balance.
👉 Are you living within your means, or swiping like tomorrow doesn’t exist? Lenders do check your transactions.

3️⃣ Existing Debts
Your income is only impressive if it’s not already tied up.
👉 Credit cards, Afterpay, car loans… they all affect how much you can borrow, even if you’re paying them off on time.

So if you’ve been assuming you’re not “ready” based on your income alone, let’s look at the full picture. You might be closer than you think.

Send a DM with “Ready to check” and I’ll help you work out your next move, no pressure, no fluff.

19/03/2025

For many, renting isn’t a choice, it’s just the reality right now. With rent prices averaging $570 per week, that’s $29,640 a year straight to a landlord. Over five years? $148,200 gone.

That’s a deposit. That’s equity. That’s wealth-building money. But how can anyone save when rent keeps going up?

Here’s what might help:
✔️ Low-deposit home loans exist, and they’re more common than most think.
✔️ Government grants could reduce upfront costs significantly.
✔️ Alternative pathways, like rentvesting or co-ownership, might be options.

Buying a home isn’t easy, but it’s not impossible. With the right approach, it might be closer than expected.

For anyone feeling stuck in the rent cycle, there are options worth exploring. A plan can make all the difference.

06/03/2025

BNPL (Buy Now, Pay Later) services like Afterpay, Zip, and Klarna are great for splitting up payments, but… did you know they could impact your ability to get a home loan? 😳

Here’s why lenders take BNPL seriously:
🚩 It’s still debt—even if it doesn’t feel like it.
🚩 Frequent BNPL use can make lenders question your financial habits.
🚩 Some banks lower your borrowing power or even reject applications over excessive BNPL spending.

What can you do?
✅ Pay off any outstanding BNPL debts before applying for a mortgage.
✅ Reduce how often you use BNPL.
✅ Show a strong savings history—this matters more than you think!

Want to know if your BNPL history could affect your home loan chances? Send me a DM with “Let’s check” and I’ll walk you through it!

Address

Melbourne, VIC
3000

Website

http://financesolutiongroup.com.au/

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