Analysis tool
Centric Lending Services has developed unique, user-friendly software which enables our clients to accurately assess their individual situations.
The software was developed with the purpose of analysing the residential market. It calculates effective rates after fees and charges from a variety of banks/lenders.
Centric Lending Services' software is unique because it is able to compare offerings from banks/lenders when split and structured loans are required by clients. By using the software, Centric Lending Services' clients receive quality support and up-to-date information when selecting the most suitable loan and financing structure.
Centric Lending Services' software incorporates the following features:
- Calculation of all costs associated with the placement of the loan
- Calculation of the deposit / equity required by the borrower
- Calculation of lender's mortgage insurance premium if required
- Calculation of the loan to value ratio
- Calculation of generic debt servicing ratio
- Calculation of real interest rate after fees and charges on a product by product basis
- Serviceability model for banks/ lenders and outcome
- Detailed upfront and ongoing costs
- Calculation of monthly, fortnightly and weekly repayments
- Calculation of interest saving using offset accounts
- Tax tables - calculation of net income after tax
- Calculation of term reduction if payments are increased
Negative Gearing analysis showing:
- Net Rental Income per annum
- Estimated expenses based on assumptions-including depreciation
- Total investment loss
- Tax benefit
- Net after tax and debt servicing cash flow
- Capital growth annually
- Rate of return on investment