About Us
Soren Financial is an independent finance brokerage, established to educate clients through the minefield of thousands of financial products on offer in the market. Our solutions are tailored to meet individual client’s requirements. Learn More
Our A-Team
We can connect you with experts who can help facilitate the entire purchase process. This includes the following services: Conveyancers, Tax Agents, Real Estate advisors, and Independent Valuers.
Our Offer
- Customised to suit your needs
- Simple and efficient options
- 24 - 48 hour turn around times
- A range of specialised services
- Professionalism
- Education
Services
Build your Legacy with
Soren Financial.
We are more than simply ‘low interest rate hunters’. We have specialised services to help clients through every stage of the buying process, whether you are a first home buyer looking to navigate the available government grants, or a professional investor looking to make a purchase via your self-managed super fund or family trust.
It is imperative that your principal place of residence is in the best financial product.
You residential property/owner occupier/principal place of residence has no regular tax benefits so holding an expensive or incorrect financial product is wasteful and can unnecessarily cost you thousands in extra fees and interest per year.
This can also have a knock on affect on your retirement so we recommend that you engage a professional to review your home loan and that you look at home loan refinancing at least every 24-36 months to make sure that you are in line with what is available in the market.
We have years of experience assisting first home buyers through the property purchase process. We will check with all 45 banks and lenders and recommend the best products and lenders to suit your unique situation.
You will always have regular updates from our team, and we will liaise with your advisors (accountants/solicitors/real estate agents/conveyancers) to make sure that everything is moving in the forward.
We can also assist you with your first home owner grant or home guarantee scheme applications and check your eligibility criteria.
House and land packages or an off the plan apartment is a popular option for first home buyers. House and land packages require a construction home loan which we can organise on your behalf. We can help you check if your chosen property is an eligible property as well.
We can also guide first home buyers through the stamp duty exemption process and show you how to avoid lenders mortgage insurance (LMI).
The home owner grant, lenders mortgage insurance and stamp duty exemption will collectively save you tens of thousands of dollars as a first home buyer so this process needs to be managed correctly and by professionals.
You can trust Soren Financial with this process as we process multiple first home buyers applications every week.
We review all of our investor client’s existing home loans to make sure that they are on par with available products and rates.
Your existing loan should be reviewed every 18 months to see if it still meets/suits your needs.
There is more to investor home loans than variable and fixed interest rates and whether to pay interest only or principal and interest.
Your loan to value ratio will play a big part in the type of product you should be in as well as your short to long term financial goals.
We understand business owners and the issues you face, we understand that interest rates are only part of the solution. we also have the right lenders on panel who can assist you to find a solution that suits your requirements.
Traditionally business owners have to jump through more hoops to get their finance deal across the line and although many lenders offer products to you, we want to make sure you have the correct documentation and can get your approval first go this is one of the services that we specialise in. You will be provided with a fact sheet to complete and we will align your expectations with the right lender and the product that suits you and your situation.
At a time when lenders are adverse to risk, your development needs to be a solid project and a great track record. Get in touch so we can discuss your project and the different products to suit.
Short term business loans can provide your business with a much needed cash flow boost especially during these challenging times. One of the main advantages are that short term business loans are traditionally from non-bank lenders and hence they are often far easier to secure and more importantly the turn around time is much faster.
Asset finance enables you to access business assets such as equipment, machinery and vehicles without having to invest/lock up your own business capital. It can also allow you to release cash from the value in assets you already own or use your existing assets as security against a business loan from an asset finance lender.
We have access to a wide range of products that will suit your business needs.
A construction loan is a type of home loan designed for people who are building a home or doing major renovations, to an established property. This home loan is structured differently to your typical home loans designed for people buying an existing property.
A construction loan most commonly has a progressive drawdown. That is, you receive instalments of the loan amount at various stages of construction, rather than receiving it all at once at the start. You generally only pay interest on the amount that is drawn down, as opposed to on the whole loan amount. This loan also allows interest only during the construction phase to assist with cash flow.
These specialised loans offer a unique avenue for astute property investors to leverage their superannuation funds towards strategic property acquisitions.
When it comes to SMSF loans, careful navigation and expert advice is paramount and you need a strategy that goes above and beyond getter a better interest rate or fixed rate loan from your existing lender.
Our specialist brokers can assist you with the best way forward and which lender and product will suit your specific requirements so that you can get to your goal of clearing your loan balance as fast as possible.
Search Lenders
We source financial products from over 40 different lenders and we are accredited by the following lenders
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Frequently Asked Questions
A great mortgage broker will do allot more for you than simply hunt down interest rates and acquire a mortgage/home loan for a borrower.
You could search for loans or a mortgage online yourself but this process will not give you the expertise/knowledge required to navigate the best option for you. This is where allot of people make a critical mistake, there is allot more to a mortgage than interest rates.
Of course, part of a brokers job is to minimise the time, money/cost/fees that you would be required to pay for a loan or mortgage, they also assess which lender will loan you the money you require to facilitate your purchase however that is not the full scope of services.
A great mortgage broker will run an assessment on your specific scenario, search across all the banks/lenders in Australia to see what the best option is for you.
Your mortgage broker will act in your best interests, organise a pre approval, compare rates and negotiate with the bank to get your application to formal approval and eventually to settlement of your home loan.
Once your home loan settlement is completed, a great mortgage broker will check in with you regularly to see whether your home loan structure is still relevant and inline with your long term goals and expectations. A great broker will check in to see whether you need to refinance your home loan.
The structure of your home loan is as important if not more important than whether your home loan has a fixed interest rate or variable. Contact us and we can run through some potential home loan scenarios.
Navigating the 45 different lending institutions on our panel and the multiple mortgage products that each of these lenders offer, can be daunting and this is before you consider the application process. Our mortgage brokers act in best interests of our clients, to find the right lender and the right home loan.
Mortgage brokers know the ins and outs of home loans and the mortgages/loans industry. Things such as how to reduce fees such as establishment fees or lenders mortgage insurance (LMI).
Our mortgage brokers will provide expert advice that will guide you through the process and provide you with loan options to help you towards getting the best deal possible for your situation.
The mortgage brokers at Soren Financial will handle the entire home loan process starting with your assessment/ pre approval. Your broker will then work with you to obtain your formal approval and get your home loan to the final stage of loan settlement.
Interest rates are not the only consideration when you compare mortgages/home loans. The role of our mortgage brokers is to assist you with picking the right financial institution and negotiate mortgage terms on your behalf.
Items such as the loan amount, a lower interest rate, lender fees, monthly repayments, as well as providing ongoing support even after your home loan has settled is all part of our business/broker service.
Items such as negotiating a better deal, the interest rate and fees paid once your fixed period has expired with lenders, or looking for ways to save on fees/cost moving forward and to make sure you are on a good deal as a home buyer, is all part of the service of a mortgage broker at Soren Financial.
Consumers need to recognise that a loan officer in lending institution will only offer you their suite of loans and products usually around 7 products, a broker will have access to hundreds of different loan products.
This is the main reason why walking into a bank is not the best course of action as they may have loan products that may not suit your exact loan scenario.
It is our job as your mortgage broker to find you the right home loan/particular product that will provide you with across all 45 lending institutions.
At Soren Financial we start with a preliminary assessment to check if you are applicable for a mortgage/loan and the type of loan and lender that suits your particular scenario. Our mortgage brokers will make sure that all 45 lenders are part of your assessment, you are given full transparency of the assessment process and you are placed in the right loan.
Once the mortgage brokers assessment is completed, they will present back the top 5 options out of 45 lenders we have access to. Our mortgage broker will give our recommendations and arm you with the information required so you can make the right decision and choose the best loan/lender for you.
· No, if compare rates provided by the banks VS what a Soren Financial mortgage broker can offer and they are exactly the same. The money or borrowing capacity is also the same as well as any bank fee/cost you need to pay.
70% of home loans written in the Australian market are written by mortgage brokers. In fact in some cases, it is more financially beneficial to go via a mortgage broker, as we can have certain fees waived when we are negotiating your mortgage/home loans on behalf of borrowers.
Even though a mortgage broker acts in your best interests, we are paid upfront fees by the lenders/banks of your choosing.
Some mortgage brokers will also charge upfront fees for advice to their client. Soren Financial only do so for complex matters such as property purchases within companies/trust structures with multiple directors or home grant applications. Reach out to us for clarification.
As a borrower, there are multiple ways you can do your research when it comes to choosing a mortgage broker. Any advice that we provide will be viewed as biased so we believe in letting past customers do the talking:
- Have a look at your mortgage broker online reviews. Soren Financial use google and rate my agent which shows feedback from real customers proving real time experiences they had with us through their mortgage/lender experience.
- Ask the mortgage broker for references of past clients that the brokers have, any good business will have past clients who will vouch for their service
Ask the broker how many lenders they have on their panel and if you as the borrower need to pay any fees for their services to acquire a loan/mortgage. If yes, what are these costs and also what does this fee cover.
Your dedicated mortgage broker will give you expert advice around the best way to obtain/access a mortgage and which lender/loan is best suited to your needs.
Even if you are not ready now, a Soren Financial mortgage broker will give you guidance around the best way to prepare for your mortgage application and which lender or lenders we should be aiming to access credit/money from.
A Soren Financial mortgage broker will always be upfront and honest with you, we will never place you in a loan/mortgage or lender that does not suit your current situation at the time of your loan/mortgage application.
If you need to pay a fee/money or if there is an applicable fee, we will be upfront with you. That way you as the borrower, will be notified by your mortgage broker prior to your loan application.
A Soren Financial mortgage broker will always act in the best interest or interests of our clients and take this into account as your represented mortgage broker.
For mortgage brokers to give credit/mortgage advice as well as recommendations regarding interest rates and which lender/loans suit borrowers in Australia, they have to carry an Australian credit licence or work under a mortgage and finance association that does or they need to have a credit representative number.
Borrowers can rest assured that if the mortgage broker belongs to one of these associations, they as the borrower and their respective mortgages are covered under compliance and legislation.
The mortgage broker compliance sits under their accreditation and their membership to a mortgage and finance association. Many brokers in Australia will belong to the main organisations which are Finance Brokers Association of Australia (FBAA) or Mortgage and Finance Association of Australia (MFAA).
Soren Financial aggregate through Finsure and are a member of the FBAA.
The reason this is important to you as customers is because you want to make sure that your mortgage broker is carrying out his compliance responsibilities as this does affect you if you ever have an issue that you wish to dispute.
As part of our compliance, Soren Financial is a member of the FBAA and our credit license details can be found at the bottom of our website.
