Richard Moffitt

Mortgage Broker Newcastle, New Lambton, Port Stephens

I have been in finance for over 37 years and transitioned to mortgage broking from being a Bank Manager. Over the years I have had experience with all types of personal and commercial lending as well as home loans and investment loans. My clients know that they can call me years later and I am still there for them – 7 days a week.

Home loans – investment loans – commercial loans

What a lot of people do not realise is that it does not matter whether it is a home loan, investment loan or commercial loan, it’s the structure of the loan that is really important when you are looking to minimise costs.

If you are looking at home loans, you may for example, need a part fixed/part variable loan, to allow a hedge against interest rate rises and to make extra payments when desired.

As an investor, you may need to structure the loan to take advantage of significant tax deductions, and we may need to get your accountant involved in this as well.

If you have little or no debt on their own home and wish to purchase another to live in but keep the existing house as an investment, then we need to see what options may be available to perhaps gain taxation advantages. I can suggest options which they can explore in conjunction with your accountant.

When buying a commercial property, the main thing you will want to know is how best to avoid higher repayments and interest on a commercial security. This can often be achieved by the correct combination of residential and commercial security.

I have known Richard Moffitt for 9 years. Richard has been acting in the capacity of financial advisor for my husband and I for all those years. Richard has been able to help us with financial decisions during this time and when necessary organise the relevant finances needed for us. Richard was referred to us by other people who were happy with his services. Since then we have continued to seek Richard for any matters regarding our loans and finances…I have no hesitation in stating that Richard Moffitt is an extremely competent mortgage broker.
Tina D, Secret Harbour WA

First home buyers

As a first home buyer, I understand you may need some special attention to ensure you are acting on the right information when it comes to home loans and purchasing property. I provide guidance in both areas, including references to good real estate agents, all the way through to settlement day. Ensuring you apply for all your Government entitlements in terms of the First Home Owners Grant and stamp duty concessions is also part of my service, and I will complete all the paperwork for you as part of the home loan application process.

Just a note to say thank you and to let you know how much I appreciate all of the effort you put into securing my loan for me. Your support, patience and understanding – not to mention your availability and willingness to take my every ‘panicked’ call meant a great deal to me and helped make a stressful and difficult time much easier for me to get through.
Kim N, The Junction

Home loan pre-approval

I encourage people when they are ready to buy, to have me prepare an application to their chosen lender and have their finance pre-approved. A home loan pre-approval will give you the comfort of knowing that the lender has looked at your situation and is ready to speedily proceed towards a full approval once you have found your house to purchase.

Affordable home loans

My ultimate aim is to make sure you receive the best possible loan, with the lowest interest rate and the least amount of fees, from our panel of major banks and secure lenders. But first and foremost, your home loan must be affordable. Some lenders will still lend a quite large loan amount in proportion to your income, but I will ensure that you don’t get sucked into a loan that is difficult to service and that you are completely comfortable with your loan commitment.

Changing homes and home loans

There are a number of ways to successfully finance a change in home, whether you are upsizing, downsizing or simply moving to a new area. I am happy to sit down and go through the various home loan options available to you when moving between properties.

We wanted to thank you for everything you did for us, to help us own our own home. We are all moved in and life couldn’t be better. We never would have made it without you. As you know we had given up all hope – until you came along. Thank you for being the best; and thank you for helping make our dreams come true.
Janene & Phillip A. – Fassifern

Low documentation loans – self-employed borrowers

Low Doc loans are particularly suited to self-employed borrowers. These loans allow you as a self-employed business owner to self-certify your income without the requirement of providing up-to-date tax returns. This allows you to borrow with a minimum of documentation. There is a active market for these type of loans and pricing is competitive. It should be noted that even PAYG borrowers now have access to these type of loans.

Reverse mortgages

Reverse mortgages are becoming increasingly popular for retired people with a large equity in the family home, who want to access this equity to improve their retirement years. You may like to access your equity via a reverse mortgage for extra income for living expenses, holidays, vehicle purchase or to assist family members. This could be done using a small part of the house equity and no ongoing repayments if you are already retired. Repayment of the loan can come from the sale of the house at some stage in the future. Conditions apply and you must be careful to check all the fine print associated with your reverse mortgage to ensure you have a no negative equity guarantee.

Business networks

Ray White Real Estate Offices:
Newcastle City, Charlestown, Port Stephens (Nelson Bay & Salamander Bay).

Amicus Financial Planning:
Suite 4/2 Lingard Street, Merewether

Berryman Partners, Solicitors:
5 Library Lane, Charlestown

Newcastle and surrounds customers

I service customers in Newcastle and the surrounding areas, including Adamstown, New Lambton, Merewether, Nelson Bay, Salamander Bay, Raymond Terrace, Maitland, Wallsend, Charlestown, Belmont, Warners Bay, Hamilton, The Junction, and Mayfield.

I couldn’t have done it without your patience, wisdom, advice and laughter.
Lizzy H. Adamstown

I just wanted to say thank you very much for all the wonderful help you have us and your tremendous organisation of finances such that we now have a place to call ‘home’. Greatly appreciated.
Christine and Michael D, Elermore Vale

I wanted to thank you sincerely for all your help and advice buying my first home. I appreciated your patience with my many phone calls and questions.
Anne-Marie P, Jesmond

Thank you for your knowledge and assistance in the purchase of our first home, you made the whole process so easy. We look forward to doing business with you in the future.
Stephanie C. & Brett K. – Mayfield East

Thank you once again for your prompt and professional service. Your advice was as always, invaluable and we greatly appreciate it.
Toby & Emma – Valentine

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• State: New South Wales, NSW
• Broker region: Newcastle and Hunter Region
• Suburbs: Newcastle, New Lambton, Port Stephens
• Richard Moffitt provides mortgage broking services in suburbs including but not limited to: New Lambton, Merewether, Newcastle, Charlestown, Belmont, Dudley, Mayfield, Waratah, Wallsend, Port Stephens