Binding Financial Services incorporating BFS Finance was established in 2004 on the Sunshine Coast. Col Binding, Director and Accredited Mortgage and Finance Broker, has over 30 years' experience in the Finance and Banking industry with Lending and Branch Management roles.
The Sunshine Coast Mortgage and Finance Broker business focuses on professional personal service, securing funding from a large network of lending institutions, including major banks, regional banks and other lenders and provides ongoing customer support to build a long term client relationship.
The Sunshine Coast Mortgage and Finance Broker business focuses on professional personal service, securing funding from a large network of lending institutions, including major banks, regional banks and other lenders and provides ongoing customer support to build a long term client relationship.
Services
BFS Finance, a Sunshine Coast Mortgage and Finance Broker, has access to a broad cross section of financial products and services without being limited to one organisation. You have the freedom to choose from over 20 different lenders, major banks, regional banks, building societies and other lenders.
We the Members of the Professional Lenders Association Network of Australia Pty Ltd ('PLAN Australia') set out this Code of Ethics outlining the minimum ethical standards to be maintained. To act with Honesty and Integrity at all times. This will extend to representations made in advertising, commissions received, all communications, advice provided and customer applications.
BFS Finance can help you identify the most appropriate financial product for your situation. To enable us to identify the most appropriate product for the situation it is important to understand your financial situation and therefore the structuring requirements for the finance. So our first step will be to look at the structures most commonly used in financing of the investment property.
This is a pre-approved limit of money you can borrow either in its entirety or in bits at a time. The popularity of these loans is due to its flexibility and ability to reduce mortgages quickly. However, they usually require the borrower to offer their house as security for the loan.
A line of credit can be set to a negotiated time (normally 1-5 years) or be classed as revolving (longer terms) and you only have to pay interest on the money you use (or 'draw down').Interest rates are variable and due to the level of flexibility are often higher than the standard variable rate.
A line of credit can be set to a negotiated time (normally 1-5 years) or be classed as revolving (longer terms) and you only have to pay interest on the money you use (or 'draw down').Interest rates are variable and due to the level of flexibility are often higher than the standard variable rate.
Often it is difficult for small business owners and self-employed or even normal wage earners to provide documentation to satisfy the requirements of lenders. This restricts their ability to access funds for personal and business use.
Low doc loans are designed for well established business people and self employed or wage earners who at the time of application may be unable to provide full or partial current financial statements for income verification.These specialised arrangements enable people in this situation to get the funds they need.
Low doc loans are designed for well established business people and self employed or wage earners who at the time of application may be unable to provide full or partial current financial statements for income verification.These specialised arrangements enable people in this situation to get the funds they need.
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