Andrew Watson
Mortgage Broker Manly, Narrabeen, Warriewood
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Arranging finance for any purpose can be an extremely stressful affair, especially if you’re in the process of buying a home. More often than not, just being able to get the finance you need can seem much more important than the quality of the loan deal you are able to achieve.
But no matter what your circumstances, I can help take the complexity and confusion out of your situation by providing logical and sound advice on how best to approach your specific loan requirements.
My experience in the finance industry, combined with the time I invest to fully understand your requirements, will not only make it easier for you to obtain the finance you need, but will ensure that you get the right deal.
Residential Home Loans
With so many home loan options available, it’s becoming more and more difficult for potential home buyers to choose a loan that will not only suit their current circumstances, but will continue to provide the cheapest and most flexible option over time.
There are many factors to consider when looking for a home loan, including whether to go with a fixed or variable interest rate, whether any extra cash can be used to offset the mortgage balance and reduce interest or whether loan repayments can be temporarily varied when circumstances change such as in the case of extended maternity leave.
With access to over 30 lenders, I can help to ensure that you get the home loan that’s exactly right for you. And on larger loans (over $750,000), I’ve even been able to negotiate additional interest rate reductions with lenders.
Bruce and Lisa had worked out that they would have considerable surplus funds after taking account of regular outgoings. They wanted to maximise the benefit of these funds so I arranged a competitive variable rate home loan with a 100% offset facility. This ensured that they could use every spare cent to effectively reduce the loan balance and the amount of interest payable.
Low Doc Home Loans For Self-Employed Borrowers
Low doc home loans are specifically designed for self-employed people and other non-conforming borrowers, allowing them to obtain the finance they want without the usual financial statements or income tax returns.
But over the last few years there have been many changes to the lending criteria applied by banks. I have kept up-to-date with these changes and can source the right home loan option to suit the differing requirements of my clients, including the self-employed.
Low doc residential mortgages are still available and I always aim to secure the right deal based on the information my clients are able to provide.
Sam, a builder, sold his house and wanted a loan of $1m, representing 60% of the property value, without having to provide full financials. I was able to secure this for him with a major bank at market leading rates and with no interest rate loading due to the loan being arranged on a low doc basis.
Home Loan Refinancing
There are many reasons why people consider refinancing their existing home loan. Often the decision is driven by the simple objective of achieving a better interest rate, but can also be an effective way of using the equity in your property to improve your financial position through debt consolidation.
It’s simply madness to keep paying 19% plus interest rates on overdue credit card debt when it can be rolled into a refinanced home loan at competitive home loan mortgage rates. The savings really can be substantial.
Always remember that it makes good sense to regularly review whether it’s possible to refinance your home loan with a new lender to reduce your monthly repayments – and I can help! I’ll give you a complete home loan health check and let you know if it’s worth your while switching home loans, and exactly how much you could save by doing so.
Refinancing can also be a very good way of releasing home loan equity to fund an investment property purchase or to add value to your home with renovations. But before making a decision to refinance your existing home loan, you should be very clear as to the goals you wish to achieve as a result of the refinancing. I can help you to choose the right home loan refinancing option and avoid potentially costly mistakes.
Home Loans For First Home Buyers
The first step towards buying your own home is to work out how much you can afford to pay to make your home ownership dream a reality. To do this, you can always use an online home loan calculator, but if you want true peace-of-mind and are really serious about getting the home loan process started, I can quickly assess your position and advise you precisely how much you can borrow.
I can arrange pre-approval of your home loan that then enables you to look for a property with greater confidence and may give you the edge when it comes to having your offer accepted. I’ll also ensure that you take full advantage of any government grants and assistance for first home buyers.
And because I take the time to listen to what you have to say, you’ll have a much better chance of getting the right type of loan for your situation, both now and into the future.
Using “Family Equity” To Obtain Home Loans
Perhaps the biggest problem facing younger people trying to get into the property market is the ability to save a big enough deposit to obtain the required home loan.
A Limited Liability Guarantor family equity home loan can enable a family member to use some of the equity in their own home to fund part of a property purchase.
This type of funding assistance can be up to as much as 20% of the value of the property and qualifies as part of the deposit paid, thereby facilitating a home loan and avoiding the additional burden of Lenders Mortgage Insurance costs that can be incurred when a deposit isn’t considered sufficient.
It should be noted that there are different types of family equity home loans available and that I can help you work out which solution might work best for you and your family.
Commercial Loans
Whether you are an investor in commercial property or have a commercial loan for business purposes, or are looking at either option, I can help. I have extensive experience in securing appropriate commercial full doc and low doc loans, commercial investment loans, and in the refinancing of existing commercial loan arrangements.
Steve P. approached me to refinance a commercial investment loan secured on an office building as the current 5 year term was nearing expiry. His existing lender (a major bank) had offered him terms but I was able to secure a significantly better interest rate and fee structure on a loan of $1.8m.
Jenny S. wanted to refinance her commercial property loan secured on a hairdressing salon and also raise some cash to pay out some loans and other debts. Even though her financials were not up-to-date, I was able to arrange a refinance at 75% of the property value on a low doc commercial loan of $760,000 with a major regional bank.
Finance & Lending Services Available
I have extensive experience and the up-to-date knowledge necessary to provide the following finance and lending services to my clients:
- All types of Residential Home Loans
- Home Loans for First Home Buyers
- Information on First Home Buyer Grants & government assistance
- Family Equity Home Loans
- Free Home Loan “Health Checks”
- Home Loan Refinancing
- Low Doc Home Loans
- Commercial Loans
My Qualifications
- Full Member of the MFAA No. 51786
- Cert IV in Financial Services (Finance/Mortgage Broking)
- Financial Planning Certificate (UK)
- Mortgage Advice Qualification (UK)
My Business Networks
- Pittwater Business Group
- Real Estate: Ray White Manly
- Accountants: Messenger Murray and Picello, Manly
- Solicitors: Spooner and Hall Solicitors, Manly
- Financial Planners: Virtue and Partners, Manly
My Customers – Sydney Northern Beaches
Based in Manly, my team and I work with individuals requiring home loans, investment loans and commercial finance across Sydney’s northern beaches district, including clients in Manly, Dee Why, Mona Vale, Mosman, Balgowlah, Beacon Hill, Frenchs Forest, Allambie, Collaroy and Narrabeen.
- State: New South Wales, NSW
- Broker region: North Shore
- Suburbs: Manly, Narrabeen, Warriewood
- Andrew Watson provides mortgage broking services in suburbs including but not limited to: Northern Beaches, Manly, Dee Why, Mona Vale, Frenchs Forest, Davidson, Warriewood, Newport, Avalon, Collaroy, Narrabeen