SJ Butler Financial Planners - Ballarat Financial Planners, Mortgage Brokers, Self Managed Superannuation

Lending Services

It is important to note household debt with Australia has increased to 160% of disposable income, one of the highest in the developed world. Despite interests rates being at historically low levels a large number of Australian families are now under "Mortgage Stress".

Since the early 1970s the household savings ratio in Australia has declined from in excess of 15% of household income to a negative 2% as of 2006. Since the onset of the Global Financial Crisis the savings ratio has increased to around 6% as Australian's work to deleverage their households.

Whilst there have been a number of contributors to the level of household debt primarily it is a result of increased competition between financial institutions.

The majority of organisations that you will approach for lending services be it one of the major banks or a mortgage broker etc, the individual you will be dealing with will in most cases be under some form of incentive to lend you funds for whatever purpose. Unfortunately sales targets and commission incentives have led to many Australian's receiving inappropriate advice and borrowing more than they can realistically afford to repay.

At SJButler mortgage solutions our advisers will work with you to establish how much you can reasonably afford to borrow for a home or other worthwhile purpose. As our ongoing debt management services are subscribed for under a fee for service arrangement you can be assured our advice will be unbiased with a focus on your interests. Any commissions payable by lenders will be directly rebated to you potentially savings you thousands of dollars in fees over the life of your loan.

We will then work with you on an ongoing basis to achieve your debt reduction and asset ratio targets. When it comes to changing your home as your lifestyle needs change SJButler Mortgage Solutions will be there to assist you improve your decision making to make the right choice in line with the lifestyle goals that are truly important to you.