My Money Finance

MyMoneyFinance will seek to gain finance for investors in MIS Agricultural projects (Projects) via arranging a Home Equity facility or a re-finance of an investors’ current residential mortgage to a facility that caters for split loans and quarantining of ‘Deductible Interest’ for taxation purposes. With some quality Projects unable to source finance this is the only avenue available to investors, using equity in their home.

Whilst there are ‘No Guarantees’ MyMoneyFinance will seek to obtain finance for these Projects on the following basis:

1. The Project and the Home Equity finance alternative is recommended via a Statement of Advice or its equivalent issued by an ASIC registered Financial Adviser;

2. The Project is subject to a 2011 Australian Taxation Office Product Ruling;

3. The existing ‘Residential Mortgage’ plus the investment required for the Project shall not exceed a 75% LVR (relative to the value of the ‘Security’);

4. The Investor must have an acceptable ‘Credit History’ (No defaults or Judgments etc);

5. The Investors income must be sufficient to service the increased borrowing level for normal P&I repayments;

6. Other normal Bank lending criteria must also apply;

7. Low Doc or No Doc alternatives will NOT be available;

8. Investor is capable of paying for all setup costs applicable from their existing financial resources;

9. Normal re-financing time lines apply (approximately 35 days)

With many traditional banks take an adverse view of these Projects, there may be some difficulty at the assessment stage, however MyMoneyFinance are prepared take these proposals to higher levels within these institutions to obtain the requisite approvals.

My MoneyFinance can provide innovative solutions to almost any financial requirement*. Contact a MyMoneyFinance Consultant who will be happy to assess your client’s needs. We will then choose the relevant finance provider and our Consultant will undertake the interview and application processes keeping you and your clients informed until settlement is completed.

*Conditions do apply. All loans will be subject to the lender’s normal lending criteria. Interest rates are subject to change and margins do apply. Further details of terms and conditions are available on application.

Simply complete the information below and we will arrange for a My Money Finance consultant to contact you.

Your Name:

State:

Email Address:

Preferred Contact number
(please include area code):

Preferred contact time am/pm:

Loan amount:

Property Value:

Would you like to use your property equity for Tax Effective Investment?

Yes
No

By completing this information on behalf of 100PercentInvesting you (the client) acknowledge that the information provided will be passed on to My Money Finance for the sole purpose of assisting you with the loan.


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MY MONEY FINANCE (MIS AGRIBUSINESS FINANCE)