Refinance your Loan

A construction loan is a type of home loan specifically designed for people who are building a new property rather than purchasing an existing one. Unlike a standard home loan where the full amount is released at settlement, a construction loan is typically drawn down in stages that align with the progress of the build. For example, funds may be released at the slab stage, frame stage, lock-up stage, and so on, right through to completion. This structure means you generally only pay interest on the amount that has been drawn down at any given time, rather than the full loan amount from the start. Construction loans can be more complex than standard home loans, which is why having an experienced broker like Soar Finance in your corner can be particularly valuable.

Yes, Soar Finance works with property investors at various stages of their investment journey. Whether you are purchasing your first investment property or looking to expand an existing portfolio, we can help you explore lending options that align with your investment strategy and financial position. Investment lending can differ from owner-occupier lending in a number of ways, including how lenders assess your income and existing debts. We take the time to understand your goals and present options that are suited to your circumstances. We always encourage clients to seek independent financial and tax advice when it comes to investment decisions, as our role is focused on the lending side of the equation rather than broader financial planning.

The timeframe for a loan application can vary depending on a number of factors, including the lender, the complexity of your situation, and how quickly the required documents can be gathered and verified. In general terms, once we have all your information and documentation in order, a lender may take anywhere from a few business days to a couple of weeks to assess and approve an application. Some lenders move faster than others, and some situations require more thorough assessment. At Soar Finance, we work to keep the process moving as efficiently as possible by being thorough upfront and maintaining clear communication with both you and the lender throughout. We will always keep you updated so you know what to expect at each stage.

In most cases, finance brokers in Australia are paid a commission by the lender once a loan settles. This means that in the majority of situations, there is no direct cost to you for using our services. We are required by law to act in your best interests under the Best Interests Duty obligations that apply to mortgage brokers in Australia. Before we proceed with any application, we will be transparent with you about how we are remunerated and whether any fees apply to your particular situation. Some services may require a fee, which will always be disclosed via quotation prior to commencement. We believe in open, honest communication so you always know exactly where you stand. If you have any questions about how we are paid, please do not hesitate to ask us directly.

When you go directly to a single bank, you only see what that one lender can offer you. A finance broker like Soar Finance has access to a panel of lenders, which means we can compare a range of products and present options that may be more suited to your specific needs and goals. Beyond the comparison itself, we also handle much of the administration and communication involved in a loan application, saving you considerable time and effort. We explain the process in clear terms, help you understand what documents are required, and keep you informed at every step. Having a knowledgeable professional in your corner can make a meaningful difference, particularly if your situation is complex or you are new to the lending process.

Soar Finance works with a wide range of clients across Melbourne and throughout Australia. Our clients include first home buyers who are stepping onto the property ladder for the first time, experienced investors looking to grow their property portfolio, owner-builders and those seeking construction lending, as well as people who need personal loans or vehicle finance. We welcome clients at all stages of their financial journey, whether you have a clear plan in mind or you are just starting to explore your options. No matter where you are in the process, we are here to provide friendly, professional guidance tailored to your individual circumstances.

Soar Finance can assist with a broad range of lending needs. For property, we help clients with home loans for owner-occupiers, investment property loans, and construction loans for those building a new home. We also assist first home buyers who may be eligible for government schemes and grants. Beyond property, we can help with personal loans for a variety of purposes and vehicle finance to help you get behind the wheel of a new or used car. Whatever your lending need, we take the time to understand your goals and circumstances before recommending any particular path forward. Our aim is to make sure the solution we explore with you is genuinely suited to your situation.

A finance broker acts as a go-between for you and a range of lenders, helping you find a lending solution that suits your personal situation and goals. Rather than approaching a single bank on your own, a broker like Soar Finance does the research, comparison and paperwork on your behalf. We take the time to understand what you are trying to achieve, whether that is buying your first home, investing in property, building a new home, or financing a vehicle. From there, we present options from multiple lenders and explain each one in plain language so you can make an informed decision. Think of us as your guide through the entire lending process, from your first conversation right through to settlement.

Getting started is straightforward. Simply reach out to us through our website or contact us directly to arrange an initial conversation. There is no pressure and no obligation involved in having that first chat. We will take the time to listen to what you are hoping to achieve, ask some questions about your current situation, and give you a clear picture of how we can help. From there, if you are ready to move forward, we will guide you through the next steps, including what documents you will need to gather and what the process looks like from start to finish. We are based in Melbourne but work with clients right across Australia, so do not hesitate to get in touch no matter where you are located.

Absolutely. Helping first home buyers is one of the most rewarding parts of what we do at Soar Finance. Buying your first home is a significant milestone, and we understand it can feel overwhelming when you are not sure where to start. We will walk you through the entire process in plain language, from understanding your borrowing capacity to gathering your documents, submitting your application, and preparing for settlement. We can also discuss whether you may be eligible for first home buyer government schemes or grants available in Victoria or your relevant state. Our goal is to make sure you feel informed and confident at every stage, so you can focus on the excitement of finding your first home.