Together we will create your future.

Finance broking for Individuals  

Whether you are looking for a new loan or considering re-financing, JBF Solutions can compare hundreds of loans from over 60 lenders (including boutique, wholesale and non bank lenders), helping you find the right loan for your new home, renovation, investment, car and more. We will:  
01

Put your financial needs first and look for the loan that best suits your circumstances so that you get the best value

02

Take a long-term view and navigate through all the lenders’ fees, terms and conditions to make sure you’re not paying more than you should over the full life of your loan

03

Do the loan application leg work for you, not only making life easier but giving you a better chance of swift approval because we know what is required from the lender

04

Be available at times that suit you, in a manner that suits you (phone, video call or in-person), so you can better manage your time commitments

Types of finance

Residential mortgage

A residential mortgage, also known as a home loan, is a loan used to purchase a home or other residential property. It's secured by the property itself, meaning the lender can take ownership of the property if you don't make your regular payments. 
 
Some of the key items to consider with residential mortgages are the interest rate structure (fixed or variable), length of the loan, your credit worthiness and borrowing capacity, the loan to value ratio and the lender's policies.
 
Whether you are a first home buyer, up sizing, down sizing or buying an investment property, we will help you understand your options, make things easier for you and help to save you money, so you can make the right decisions when it comes to buying your property.

Construction finance

A construction loan is a type of home loan that helps you fund the different stages of a large build or renovation project through ‘progressive drawdowns’. You only owe interest on funds that have been paid out as your build progresses.

Construction loans are a little more complex than a standard home loan. Lenders require additional documentation on top of your usual personal financial information, such as building permits, council permits, quotes from contractors, risk assessments and insurance policies. While construction loans can be the perfect solution for a big build, they come with additional risks associated with going over budget, timeline blowouts and valuations subject to changes in market conditions.

Taking on a construction loan is a big decision. We will talk you through the process, consider the suitability of a construction loan for your situation and make sure you’re well informed at all times.

Whether you are wanting to extend your current home or build your dream home, we will take the stress out of obtaining finance.

Motor vehicle finance

Motor vehicle finance is a personal loan for a new or used motor vehicle.

There are a number of factors that drive the cost of motor vehicle finance, including deposit, duration of the loan term, frequency of payments, balloon payments, fees and redraw facilities. Comparing different loans and picking the right one for you can save you thousands in interest and help you pay off your vehicle faster.

Whether you are looking to buy a new vehicle, used vehicle or refinance your existing vehicle, we will find you competitive rates and assist in obtaining quick approval. 

Frequently asked questions

Finance broking services

Nothing! 

Some brokers charge for their services, especially for complex transactions and non bank finance transactions. However, JBF Solutions earns income for finance broking services solely from commissions paid by the lender. 

JBF Solutions earns commission, paid by the lender, if and when you execute a loan.   

The two main types of commission are:
- Upfront: a one-time payment on loan execution calculated based on a pre-agreed percentage of the loan value.
- Ongoing: an annual payment calculated based on a pre-agreed percentage of the remaining loan balance.

Commission rates vary between lenders.

As required by regulation, JBF Solutions discloses its commission rates to it clients. 

JBF Solutions' values and approach mean we will always act in your best interest. In addition, we are legally required to act in the best interests of our clients. We will recommend a product that is suitable for you, regardless of the commission we might earn.

Finance brokers in Australia are regulated by the Australian Securities and Investments Commission (ASIC) and must comply with responsible lending obligations under the National Consumer Credit Protection Act.

Residential mortgage

Your borrowing capacity is the maximum amount of money a lender will loan you. It also reflects your ability to fund ongoing loan repayments. It is calculated using your income, expenses and credit history, as well as the lender's risk appetite.

JBF Solutions will explain the individual levers that impact your borrowing capacity. 

A residential mortgage deposit usually needs to be between 10% and 20% of the value of the property.

LVR stands for loan-to-value ratio. It's the amount you're borrowing, represented as a percentage of the property value. Having an LVR of 80% or less may help you secure a lower interest rate. If it's above, you may need to pay Lender's Mortgage Insurance or get a guarantor.

There are no rules on how often you can refinance your home loan. Generally, it's a good idea to review your home loan at least annually and consider refinancing when the benefit of doing so outweighs the cost. If you're in a fixed-rate mortgage you need to consider that you may incur break costs and early exit fees. We will assist in assessing the total benefits versus the total costs. 

Construction finance 

Construction finance is for anyone building or renovating a home. Before construction begins, your builder will prepare a contract outlining each construction stage and associated costs. You progressively drawdown money to pay the builder throughout the construction process, so you only pay interest on the amount you use. While your house is under construction, you’ll make interest-only payments on the drawn down amount. When the house is completely built, your construction loan becomes a standard home loan. You’ll begin paying off the principal loan amount plus interest until the loan term is finished.

You will need Council-approved plans, a signed and dated building contract, a quantity surveyor report, builder risk insurance and a copy of the builder’s public liability insurance.

The six stages of construction are:
1. Deposit
2. Slab down
3. Frame up complete
4. Lock-up
5. Fixing
6. Practical completion

A progress inspection will be carried out by an independent valuer for each construction stage. Once your builder sends the invoice to us, a progress inspection will be ordered.

Motor vehicle finance 

At a minimum, you must
- be an Australian citizen or permanent resident
- be over the age of 18, and
- earn income.

In addition, lenders are required by law to ensure any loan product they approve will not put you at harm of financial instability or risk. 

Your borrowing capacity is the maximum amount of money a lender will loan you. It reflects your ability to fund ongoing loan repayments. It is calculated using your income, expenses and credit history, and is affected by the terms, interest rates and duration of the loan.

Not necessarily. Some, but not all, lenders require a deposit. However, providing a deposit, even if not required, will reduce your monthly payment and the amount of interest you pay. 

In summary, you will need to provide: 
- Personal information and identification
- Proof of income
- Proof of assets and liabilities
- Information about your car and insurance

We will provide a full list of documentation upfront so you know exactly what is required.