At Monument Financial we have a team of Lending Specialists, Accountants and Planners who can discuss your needs in detail and help you to find the best products and rates for your needs. The Property Specialists can advise on investment properties and whether they will be a suitable investment for you. They can offer insurance advice and many other services. Appointments can be made outside of regular work hours or during weekends if necessary. They are on call 24 /7 to answer your questions and to get the job done. There is no red tape or waiting in line for hours to get an answer to your question. Our lending managers care about you individually and you are not just another number. It’s a One Stop Shop!!

Home and Investment Loans, Car Loans, Personal Loans, Superfund Home Loans, Business Loans, Accounting Services, Financial Planning, Investment Property Analysis, Pre Purchase inspections, Property Sales

There is no fee paid direct from you, the customer, to Monument Financial. The lender will pay us a commission which will be disclosed to you during the application process. The only costs you will have are the lenders fees and other associated costs such as stamp duty and legal. These costs will also be made available to you during the application process.

You can arrange to see a Home Loan Specialist by calling Monument Financial on 1300 138 318 or contact us via the econtact us page. We will arrange for a lending manager to come and see you at a time convenient to you, or organise a time for a consultation over the phone.

Monument Financial can apply for the First Home Owners' Grant on your behalf, you simply need to submit the completed application and supporting documentation. If approved, we then make the First Home Owner Grant funds to you available at settlement. Alternatively the bank or lender will use this towards your deposit on your property purchase.

The First Home Owner Grant is payable per property purchase, not per individual. So if you are both eligible for the Grant and you purchase your first home together, you will only receive one payment.

Costs vary depending on the lender and product you choose, as well as the amount of money you borrow. In addition to application, valuation and settlement fees, you need to allow for the bank’s fees, Stamp Duty and solicitor's fees. Use our Calculators to find out how much stamp duty you’ll pay in your State or Territory.

We have a panel of 25 lenders with 1,000’s of different products. Therefore the interest rates will vary. The right product with the best rates will be discussed with you at an appointment with a lending specialist. We aim to get you a lower rate and a more suitable product than you would be able to get dealing directly with the Banks.

Depending on your circumstances and the home loan you have applied for, you will generally need to supply the following:
Completed and signed Lender Application Form
100 Point Check AML Customer Identification Checklist (with accompanying identification) per applicant
First Home Owner Grant application (if you're a first home buyer)
Signed copy of Contract of Sale (required for purchase only)
6 Months Home Loan Statements (required for refinance only)
Rates Notice for existing property used as security (required for refinance/equity releases only)
Copy of last 3 months’ loan statements for any loan to be paid out (required for loan consolidation only)
Evidence of income – 2 most recent payslips or letter from employer detailing conditions and most recent group certificate.
3 Months statements of credit cards and savings accounts.
Your lending specialist will give you a comprehensive list at the appointment

If you have a variable rate loan and interest rates go up or down, the lender will recalculate your minimum repayment based on the new rate. They will write to you to advise your new minimum repayment. If you have a fixed rate loan, your rate and repayments will not change during the period of the fixed rate agreement.

The Foreign Account Tax Compliance Act. This is legislation intended to help the US tax revenue service (IRS) collect tax from US residents living abroad. It requires all financial institutions to identify and report customers who may be US residents for taxation purposes to the Australian Tax Office. The ATO reports this information to the US Government (IRS). How can the US do this? Although this was a US initiative, the G20 supports it and intends to drive a worldwide program that has similar aims Countries around the world, including Australia, are planning to or have already entered into bi-lateral agreements with the US to support the FATCA regulations.

A deposit bond is a simple cost-effective way to cover the deposit on a property purchase when you do not have immediate access to cash, but have finance approved. The value of the bond is equal to the required deposit. A deposit bond can be particularly useful if you are buying at auction.

A pre-approval is an approval that is given confirming that you can afford the loan based on your current circumstances. It is subject to conditions, for example, acceptable security and verification of income, and is not binding on the Lender. It is usually given before you have found a property.

Stamp Duty is a state government duty payable when a property is purchased or transferred. Stamp Duty is calculated on the purchase price of the property and is paid by the buyer. Each State and Territory has a different rate of duty. Check out the Monument Financial Stamp Duty calculator to work out how much Stamp Duty will be payable on your property purchase.

You must be employed for a minimum of 6 months before most lenders will consider you for a home loan.

You will receive statements detailing all the transactions on your home loan for the statement period. Statement frequency will vary depending on the type of home loan you choose, so check individual product features for details.

Our 25 lenders offer a full range of home loan products catering for most customer requirements. They range from full doc to low doc, Super Fund Loans, First Home Buyers, Personal and Asset Finance and Reverse Mortgages.

The sooner the better! You can make a deposit to your loan as often as you like. Interest is calculated on the daily balance of your loan, so you will benefit every time funds are deposited.

Yes, you can make extra repayments on most home loans. The terms and conditions relating to extra repayments vary depending on the home loan you choose, and whether you select a fixed or variable interest rate. So please see individual products for full details.

Yes, however, if your loan is currently in a fixed rate period, break costs may be payable. Check your loan agreement for details.

Yes, though minimum loan amounts may apply to each loan.

Yes, minimum spilt amounts may apply.

Yes you can, subject to any product restrictions. To discuss your options, please contact your Monument Financial Lending Specialist.

It depends on the type of home loan you currently have. To discuss your options, please contact your Monument Financial Lending Specialist.

Most lenders offer an Interest Only option on their home loans.

To purchase a residential property in which you plan to live To purchase a residential property for investment purposes
To refinance an existing home loan
To refinance an existing home loan and consolidate other debts
For investment purposes
To release equity in an existing property
For some business purposes
To purchase land and construct a dwelling
To refinance an existing loan from another loan provider and construct a dwelling (excludes partly completed construction loans)
To finance the construction of a dwelling on existing land
To conduct major renovations to a new or existing property
To purchase a business vehicle of personal use assets
If your requirements are not listed above, please contact us to discuss your situation and requirements.

Interest is calculated on the closing daily balance – you only ever pay interest on what you owe at the end of each day. So if your home loan offers the flexibility to make additional repayments, any extra payments you make saves you interest. This could save you thousands of dollars over the life of the loan.

In most cases your home loan lending specialist will be able to give conditional pre-approval within 24 to 48 hours. How quickly you get full approval depends on you providing the necessary documentation to support your application and your selected lender getting a valuation of the property.

A pre-approval is valid for 3 months from the date of issue.

The minimum loan amount varies between products, see individual home loans for details. There is no maximum loan size for full doc loans, subject to LVR and postcode restrictions. However, the actual amount you can borrow depends on your individual financial circumstances.

Generally with most lenders, if you have the deposit, you can borrow up to 95% of the full purchase price (or valuation if lower) for owner occupier loans when making principal and interest repayments. You need to make sure you can show genuine savings, that you can afford the repayments and have funds to cover the transaction costs such as lenders fees, legal fees, statutory charges such as stamp duty and a deposit bond if required. If you have equity in other properties or have a family guarantee you may be able to borrow 100% of the purchase price. It’s easy to find a home loan that’s best suited to your needs. 

For full conditions and eligibility requirements, please speak to your legal representative, or visit your local State / Territory Revenue Office website: ACT: http://www.revenue.act.gov.au/
NSW: http://www.osr.nsw.gov.au/
NT: http://www.treasury.nt.gov.au/
QLD: https://www.osr.qld.gov.au/
SA: http://www.revenuesa.sa.gov.au
TAS: http://www.sro.tas.gov.au
VIC: http://www.sro.vic.gov.au
WA: http://www.finance.wa.gov.au

Your minimum repayment is calculated by working out what amount needs to be paid to reduce your loan balance to zero over the term of your loan. This amount may vary if you decide to make extra repayments. Check out our Repayments Calculator or all our calculators to estimate payments based on loan term, amount and interest rates.

Yes. At Monument Financial there are many products and lenders suited to Self Employed people. These include loans with full financials and tax returns to Low Doc loans for those customers that are behind on their lodgements of tax returns

If you have a self-managed superfund and wish to borrow for a property within your superfund, we have lending specialists who can do this for you. They are experienced in what documents are required by the banks. If you would like to set up your own fund that you control, the Accounting Managers can get this started for you and offer the best investment advice.