Our Commitment

We are committed to forming close partnerships with our clients, enabling us to understand your unique situation and customise the assistance we provide to suit your requirements. Our commitment to excellence is evident in our hardworking team. Our enthusiasm for our work means you get a friendly professional eager to use their expertise to help you succeed. For more information on how our expertise can benefit you, contact us today.

You are our priority when creating Financial solution.
We work alongside you & your advisors to solve problems that arise and help you reach your financial goals.

Loans & Payments

A service we offer to businesses (big or small) is our cash loan, with a flexible and generous repayment system. Start-up capital can be something of a deal-breaker in such a competitive world, so you could benefit from a loan to set you off on the right path.

If you need help acquiring a company headquarters or any other property required by your business, we can also provide mortgages to give you the facilities you need to get started.

Debtor finance is yet another loan that has been designed to aid businesses – namely by using your outstanding invoices to improve cash flow. This is a process that can speed up your growth, as you do not need to wait long for payments.

Financial Management

We know this is just one part of the puzzle – and the statistics definitely seem to back us up on that front. When Australian businesses fail, it is most commonly a result of mismanagement and poor financial planning, something that no cash injection will be able to cure. At Kel Penfold, we don’t just look at the number of dollars in your account but also your raw financial data.

This data is paramount as it shows what works and what doesn’t, how you fit into the market, and how we can help turn your struggle into an act of perseverance. We look at how you can make the most of your budget and quell any anxieties you might have. For example, while cash flow gaps are fair to worry about, they are an integral part of business and not always a death knell for your enterprise.

6 Jan
Things You Must Consider Before Applying For A Home Loan

Things You Must Consider Before Applying For A Home Loan

Taking out a mortgage might end up being one of the biggest financial commitments in your entire life, so you want to make sure that you have considered all aspects of the contract before you go ahead with one. In this article, we will discuss some important points for you to start thinking about if you haven’t already.

Are you in the best financial condition?

Taking out a loan isn’t just about your rights to make a purchase, it is also an investment from the company handing you the money. Any responsible lender wants to ensure that their borrowers are going to pay back the sum, so they will assess your finances and lifestyle to make a sensible decision as to whether they are putting their faith in the right person.

Essentially, if you have an outstanding debt on your records, like a car loan, ongoing financial commitments such as unpaid school fees, or have an unhealthy credit score in general, you are less likely to be granted a loan. So, make sure that you are in the best financial shape you can possibly be in before your application.

Do I need a deposit?

Having a deposit is not always essential, but it can be used to avoid lender’s mortgage insurance (LMI). A deposit of 20% of your home’s price can be enough to give as an initial payment, but this can take years to accumulate. Therefore, if you want to get into the property market faster, taking out insurance might be your better option, but remember that the lower your deposit, the higher this will cost.

Even so, it is not worth digging into your emergency funds to avoid LMI. It is a difficult choice to make, but one which must have been addressed before you go ahead with the process. Ensure that you are thinking about which option will be better for your immediate and long-term financial health, as you do not want to end up in a problematic situation.

Have you done your research?

Before you apply anywhere, ask yourself – have you researched the different services each company offers? The ease of accessing this is simple with the advent of the internet, so anyone is able to find the correct contract for them with a bit of extra surfing. Whilst each company is able to give you the correct amount of money you need, they might not be able to secure you certain terms and conditions that are important to your lifestyle.

Here at Ken Penfold Finance, we can assure you that our process is geared towards providing a positive experience for our clients, delivering information in a jargon-free way. We value transparency and honesty above anything else, as we understand how hard it can be when dealing with financial decisions. Call one of our trustworthy team members today to discuss your home loan further. We will be happy to help you with every part of your journey.