DNM Finance Solutions.
Is an independent, versatile, boutique finance specialist with extensive experience responding to a wide range of client needs.
Simple, we
know finance!
We take the time to get to know you, to understand what you want to achieve and work with you to develop the right finance strategy to get you there. We really do provide a Deep ‘n’ Meaningful solution!
Why Use DNM Finance Solutions?
Whether you are looking to purchase your first home, upgrading to a bigger home, purchasing your first investment property or adding to your investment property portfolio, wanting to utilise the equity you have created to further build wealth or simply wanting to know whether or not there is a better way of structuring your lending, DNM Finance Solutions are the mortgage Brokers that can help.
DNM Finance Solutions is an independent, versatile, boutique finance specialist with extensive experience responding to a wide range of client needs. At DMFS we understand that DNM clients’ lives touch on many different financial needs and opportunities that require integration.
That’s why we have a wide range of financial services that can be tailored and packaged to suit individual needs. With our deep knowledge of finance and an impressive network of professional contacts, DMFS are able to provide a clear, plain English advice allowing our clients to achieve their life goals.
What We Can Help You With
First Home Buyers
In conjunction with the lender, DNM Finance Solutions will facilitate the First Home Owner Grant application for you.
Your Next Home
DNM Finance Solutions has helped many clients through the process of selling and buying again.
Refinancing
Refinancing a home loan can be a tricky business so it pays to have someone working behind the scenes to make sure the process is smooth.
Property Investment
Have you reached a standstill growing your investment property portfolio? Have you outgrown your current lender?
SMSF Lending
DNM Finance Solutions has extensive experience in Self Managed Super Fund lending.
Personal Loans
A Personal Loan can give you access to extra money to pay for something bigger than your everyday purchases.
What We Can Help You With
First Home Buyers
In conjunction with the lender, DNM Finance Solutions will facilitate the First Home Owner Grant application for you.
Your Next Home
DNM Finance Solutions has helped many clients through the process of selling and buying again.
Refinancing
Refinancing a home loan can be a tricky business so it pays to have someone working behind the scenes to make sure the process is smooth.
Property Investment
Have you reached a standstill growing your investment property portfolio? Have you outgrown your current lender?
Our Service Is Free
DNM Finance Solutions charge no fees. We are paid a commission by the lender you choose, which we fully disclose to you. (Lender and Govt fees and charges may be payable). We aim to save our clients money, taking the time to individually negotiate the best available rate rather than simply accepting the standard rate on offer.
For Further Inquiries Call
or email us at [email protected]
PO BOX 703, BEACONSFIELD VIC 3807
First Home Buyers
In conjunction with the lender, DNM Finance Solutions will facilitate the First Home Owner Grant application for you. To find out if you qualify, or if you have any queries, Click Here to find out more. First Home Owner Grant Form
- Work with you to determine your needs.
- Take you through the process of obtaining pre-approval and outline the steps involved in purchasing a property.
- Handle all the paperwork and keep you fully informed at every stage.
- Be on hand to assist with tips on negotiating with agents, buying at auction and, in consultation with your legal representative, help you with the contracts that need to be signed.
- Manage deadlines including valuations, finance dates and settlement.
- DNMFSOL are on hand any time to check your loan still meets your needs and is still competitive.
First Home Owner Grant
In conjunction with the lender, DNM Finance Solutions will facilitate the First Home Owner Grant application for you. To find out if you qualify, or if you have any queries, Click Here to find out more. First Home Owner Grant Form
Your Next Home
DNM Finance Solutions has helped many clients through the process of selling and buying again.
- Determine the new loan amount you will need including agents fees and paying out your old mortgage
- Help you select the most competitive, suitable products from our extensive panel of lenders
- Take you through bridging finance if you choose to buy before you sell
- Handle all the paperwork and keep you fully informed
- Manage deadlines including valuations and settlement
- Review your home loan regularly and as often as you wish to check it is still competitive and that it continues to meet your needs
Refinancing
Refinancing a home loan can be a tricky business so it pays to have someone working behind the scenes to make sure the process is smooth.
- Work with you to determine your needs
- Help you select the most competitive, suitable products from our extensive panel of lenders
- Handle all the paperwork and keep you fully informed
- Manage deadlines including valuations and settlement
- Review your loan regularly and as often as you wish to check it is still competitive and that it continues to meet your needs
Property Investment
Have you reached a standstill growing your investment property portfolio? Have you outgrown your current lender? Are you fed up with dealing with the banks on your own?
- By managing the entire process keeping you informed every step of the way
- Determine an appropriate loan structure
- Discuss interest only vs principal and interest repayments
- Only offer the lender the minimum amount of collateral security
- Employ a strategy to minimise any mortgage insurance that may be payable
- Review your entire lending portfolio as often as you wish (which lender does that?!)
SMSF Lending
DNM Finance Solutions has extensive experience in Self Managed Super Fund lending. This is a very complex area that needs a specialist to help you navigate what can and can’t be done.
DNM Finance Solutions has extensive experience in Self Managed Super Fund lending. This is a very complex area that needs a specialist to help you navigate what can and can’t be done. Making a mistake in this area could cost you dearly.
The main hurdle encountered by most SMSF applicants is proving that there is sufficient income in the trust to support the loan.
Typically, the banks will look at the current income of the trust based on its previous two years tax returns and will then assess if that income plus the proposed rental income will be sufficient to service the debt.
Some lenders can also use the income of members or beneficiaries of the SMSF to support the application if a personal guarantee is provided.
Are there any restrictions?
There are restrictions on SMSF loans which prevent some transactions from taking place. For example:
- Construction loans are not available. The SMSF is able to pay for renovations out of it’s own funds, but can’t use borrowed funds for this purpose.
- Refinances of existing SMSF loans are only available from a few lenders.
- Buying a property in your SMSF that you intend to live in is not allowed (owner-occupied business premises are acceptable).
- Selling a residential property to your SMSF, that you or a related party owns is not allowed (commercial property is acceptable).
- Banks have liquidity requirements when you borrow for your SMSF, but some lenders are less strict than others.
We strongly advise that you speak with your accountant and Financial Adviser to find out if your intended transaction complies with lender rules and government regulations.
Personal Loans
A Personal Loan can give you access to extra money to pay for something bigger than your everyday purchases.
Personal Loans are used for a variety of things, but generally people tend to take them out for those one off expensive purchases like:
- Pay for a wedding
- Pay off Credit Cards
- Consolidate Debts
- Renovate Your Home
- Buy a New Vehicle
- Take a Holiday
- Cover Medical Expenses
No matter what you plan to take a personal loan out for, what you’ll want to look for in a personal loan is the same. You’ll want a loan that you can afford to pay back, with a competitive interest rate and over a time frame that allows you to make the payments without falling behind. A Personal Loan can let you borrow more than a credit card and can be cheaper in the long term.
Benefits Of Engaging DNM Finance Solutions
Our number one focus is you, our client. Time and understanding is placed on all our clients so that we can package the right finance solution to help them. We can advise on one solution or, alternatively design a suite of solutions to help;
- Our number one focus is you, our client. Time and understanding is placed on all our clients so that we can package the right finance solution to help them. We can advise on one solution or, alternatively design a suite of solutions to help;
- As the owner and principal financial specialist, Damien has been in the finance profession for over 20 years. Damien is not only a fully qualified Mortgage and Finance Broker, but also fully qualified as a Certified Financial Planner™ and a Self-Managed Super Fund Specialist Advisor™.
- We’ve done this before – this is our business. Having been in the financial services profession since 1999 we’ve seen what works and what doesn’t and we draw upon our extensive experience during our engagement with you. We have a comprehensive business network, which can be drawn upon to add even more value, if required;
- Subject matter expert – as finance experts we’ve undertaken and continue to undertake studies to ensure we remain well educated in the financial services profession;
- A sounding board for ideas – working closely with you, we become an extremely valuable sounding board and may come up with ideas or solutions that you would not have otherwise considered. We take a partnership approach to the relationship;
- Supported along the way – you receive our unemotional, honest and objective perspective. We are committed to helping you achieve what is important to you and develop solutions to solve your biggest financial headaches;
- An enjoyable experience – although there may be work to do, we make it an enjoyable experience that creates excitement about the many opportunities that lay ahead;
- As a boutique business, we offer a true personalised service and are available for you whenever you need our help.
Asset Finance
Asset finance is a type of finance used by businesses to get assets and equipment they need to grow.
Typically it involves a regular payment for use of the asset over an agreed period of time, therefore avoiding the need to pay the full cost of the asset upfront.
Asset finance can be used to fund any asset– ranging from computers to trailer trucks and even sea craft. It is a great solution for a small business that needs equipment that is too costly to purchase outright. The most common types of asset finance are hire purchase and leasing.
- Chattel Mortgage / Hire Purchase
Chattel Mortgage and Hire Purchase allows the customer to buy the equipment on credit. In this case, the finance company purchases the asset on behalf of the customer, and owns the asset until the final instalment is paid. At that point the customer has the option to buy it for a nominal amount.
- Leasing
Leasing gives the customer access to new equipment by way of renting for a contract period, without transfer of ownership. The finance company buys and owns the equipment on behalf of the customer. The customer pays a rental for the use of the equipment over a predetermined period.
There are two main types of lease: Finance Lease and Operating Lease.
Under a finance lease, the value of the asset appears on the lessee’s balance sheet and the rental payments pass through the profit and loss account. The full value of the equipment is repaid to the lessor, plus interest, over the lease period.
An operating lease, on the other hand, may be more appropriate if the customer does not need the equipment for its entire working life. Payments are made to the lessor for the use of the equipment while it is needed. As the customer only keeps the asset for a limited period, it is not shown on the lessee’s balance sheet.
FAQ
We are an Authorised Credit Representative of outsource Financial who hold an Australian Credit Licence (ACL) 384324. Credit Representative No. 464469
We are also a member of both the Finance Brokers Association of Australia (FBAA) and the Australian Financial Complaints Authority (AFCA).
We maintain the highest standard of training and education, as well as compliance with government regulations.
We do not charge a brokerage fee. We receive a commission from the lender for placing your loan with them.
Why choose from one when you can choose from many banks? We work with a variety of lenders and can find the cheapest and best loan package available to suit your needs.
- Choice: Is your bank going to tell you if another bank is cheaper? Are they going to tell you if another lender’s products suit your needs?
- Free services: Our clients pay nothing for our services.
- Level of service: Did you know that mortgage brokers consistently outrank bank managers in customer satisfaction surveys?
- Keep it simple: We will take the hassle out of applying for a loan. We’ll deal with the banks so that you don’t have to!
- Expertise: Our mortgage brokers have a much higher level of training and experience than bank lenders.
- Specialised lending: Your bank cannot go outside of their lending policy but we can choose a lender that can approve your loan!
- Annual reviews: Did you know that the banks can change your rates after your loan is advanced? We will check to make sure that your loan is still competitive.
Many people approach their bank directly and either get their application declined or miss out on a more competitive discount. Don’t make the same mistake! Speak to a mortgage broker who will offer you more than just your bank’s own products.
We are paid by the banks for introducing new applications and for doing much of the work that would otherwise be done by one of their staff.
It is like we are a bank manager that works for many lenders instead of just one. This outsourced approach is very efficient and benefits both you as you have more choice and the bank as they do not have to pay us anything if we don’t lodge applications with them.
We are paid an up front incentive and an ongoing incentive of the loan balance per annum. Most lenders pay 0.65% for upfront commissions and 0.15% for trails, GST excluded.
This is not paid by you, it is paid by the lender. For a copy of our lender’s incentive schedules please contact one of our mortgage brokers.
It is a common misconception that mortgage brokers recommend unsuitable loans for their clients to try to maximise their incentives.
The reason for this is that prior to the regulation of our industry in 2010 there were a few unscrupulous mortgage brokers which gave the rest of us a bad name.
We recommend several suitable loans for you and then let you decide which one you would like to apply with. In fact, as Credit Representative of an Australian Credit Licence holder, it is against the law for us to assist you with applying for an unsuitable loan.
Our mortgage brokers do all of the hard work. All you will be required to do is fill out the application and supply the required documentation. We can then complete a preliminary assessment and give you some options to choose from.
Once we know which lender you would like to proceed with then we lodge the loan online directly into their system for a quick approval.
Did you know that there are some mortgage brokers that advertise that they are paid the same no matter which lender they choose? This is actually a very clever marketing trick.
If a lender pays low commissions then these brokers do not add them to their panel of lenders! For example, NAB and a few other lenders pay lower commissions to mortgage brokers so are not on the lender panel of either Aussie Home Loans or Mortgage Choice.
As we are not part of a franchise group we can do business with any lender that works with mortgage brokers. This means that you get more choice and a better range of loan products.
About Us
Damien has worked in the financial services industry since 1999, Financial Planning since 2001 and Mortgage Broking since 2014. Damien has worked in three of the major banks and for two boutique financial advice businesses in Melbourne.
Damien has completed the Certificate IV in Finance and Mortgage Broking Management and is a member of the Finance Brokers Association of Australia (FBAA). Damien is also a member of the Australian Financial Complaints Authority (AFCA), which provides a free independent and impartial dispute resolution service to protect our clients even further. Damien’s professional standards are further illustrated by rank of CERTIFIED FINANCIAL PLANNER® (CFP®) with the Financial Planning
Association of Australia (FPA). The CFP® mark is the highest rank attainable for a financial planner and requires that recipients undertake rigorous ongoing education requirements every year to remain at the peak of professional advice standards. Only 30% of licensed financial planners in Australia hold CFP® certification. Damien has also been formally endorsed by the SMSF Professionals’ Association of Australia (SPAA) as a SMSF Specialist Adviser™ (SSA™). SPAA accreditation is the first and still most widely recognised SMSF specialisation in Australia.
Outside of work, Damien is a keen outdoorsman. He owns a four wheel drive that he has put many optional accessories on, to allow him to go camping 4WD’ing with his family and friends to visit some of the most remote and beautiful places Australia has to offer.
Damien is also a keen supporter of the Hawthorn Football Club and watches almost every game. He also loves to get along to as many games as he can with his family. Damien is married to Melissa and has three beautiful children, Liam, Charlize and Elijah, ALL whom he adores.
Our Service Is Free
DNM Finance Solutions charge no fees. We are paid a commission by the lender you choose, which we fully disclose to you. (Lender and Govt fees and charges may be payable). We aim to save our clients money, taking the time to individually negotiate the best available rate rather than simply accepting the standard rate on offer.