Travis Poyner
Mortgage Broker Parramatta, Blacktown, Campbelltown
We all have the dream of owning our own home. For many of us this dream can seem more distant everyday, with ever-increasing property prices and the difficulty of saving a deposit. Many people who ask me how much money they need in the bank to purchase a home are surprised how little they actually require, especially first home buyers who are eligible for government incentives. If you are saving towards a deposit and are not sure how much you need, please give me a call or send me an email. You may already have the deposit to purchase your own home.
Even if you don't already have a deposit saved, you may be able to pull one together faster than you think. Here are some tips to help you save your deposit quicker:
- Work out a savings plan and aim to save an amount equal to your expected loan repayments (less any current rent paid)
- Set up a budget and look for areas where you can trim costs and redirect money into your savings
- Be disciplined with your money and remember, that something as simple as taking your lunch to work each day can save $50 a week. This may not sound like much but it equates to $2,600 a year of after tax money. That is the equivelant of asking the boss for a $3,800 pay rise.
Additional Qualifications
- Diploma in Financial Services (Accounting)
- Graduate Diploma in Accounting
Community Involvement
- Baulkham Hills Volleyball Club
- Guildford Leagues Cricket Club
Family Equity Home Loans
Accessing family equity can assist with getting into your own home sooner. It is possible to access family equity in the form of a Limited Liability Guarantor family equity home loan, where a family member uses some of the equity in their property to provide security for your property purchase - usually the guarantors' liability would be limited to about 20 per cent of the property value. The reasons borrowers use family equity loans are:
- It is seen as the equivalent to a full 20 per cent deposit payment, eliminating the need for Lenders Mortgage Insurance and the associated costs. For borrowers with a small deposit, this can also overcome the issue of Lenders Mortgage Insurance.
- The guarantor is only liable for a small percentage of the property in the event the borrower defaults on the loan and the sale of the property does not cover the amount owed.
- Once the borrower has achieved 20 percent equity in their property by means of paying down their loan and/or there is an increase in property value, the guarantee can be easily removed.
Low Doc loans for the Self-Employed
All lenders have different policies when it comes to low doc loans. Some lenders charge the same interest rate or only a small percentage more for low doc loans than they do for standard, full doc loans. Policies with lenders can vary so much that in fact what is classified as a low doc loan with one lender could be passed as a full doc loan with another lender. As a mortgage broker at Loan Market, I have access to and knowledge of loan products from over 25 lenders and can help you to find the low doc (or full doc!) loan that is most suitable for your situation.
Non-Conforming Home Loans
Non-conforming home loans are available for borrowers who do not meet the criteria of mainstream lenders, including those who are credit-impaired, older borrowers, new residents and seasonal or casual workers. The rates charged on non-conforming loans tend to vary based on risk to the lender. Often these types of loans are used as a ‘dry cleaning' service when a borrower has had an event affect their credit history. At Loan Market we have many lenders who cater for non-conforming loans and will assist borrowers to obtain a loan which suits their needs and may even help to build or repair your credit record.
First Home Buyers
Buying your first home is one of the biggest and most exciting experiences in your life. It can also be one of the most expensive decisions you ever make. Walking into a local bank or calling a lender only gives you the home loan options that particular lender has to offer.
As a mortgage broker with Loan Market I provide purchasers with access to home loan products from over 25 lenders, including all the major banks. Our vast panel of lenders gives our clients so many options for their financial needs. It also enables them to take advantage of lender policies and specials, which can provide significant savings in the form of lower interest rates or upfront costs like application fees and lenders mortgage insurance. Being able to save money in these areas is beneficial for everyone but it can be incredibly important for first home buyers as they make their first venture into property.
Property Investors
When investing in property, especially when building a portfolio, it is essential to be as efficient as possible when it comes to your investment loans, taking advantage of all tax deductions available and getting the finance structured correctly. Whilst the correct investment loan structure is very important, it does not have to be substituted for a competitive interest rate. After all, the more money you can save on financing your properties, the more you can afford to expand your portfolio.
Customers Sydney Western Suburbs
My home loan services extends across Sydney's western suburbs, including to Parramatta, Granville, Merrylands, Guildford, Blacktown, Mount Druitt, St Marys, Campbelltown, Leumeah, Minto and Ingleburn.
- State: New South Wales, NSW
- Broker region: Western Suburbs
- Suburbs: Parramatta, Blacktown, Campbelltown
- Travis Poyner provides mortgage broking services in suburbs including but not limited to: Parramatta, Granville, Merrylands, Guildford, Blacktown, Mount Druitt, St Marys, Campbelltown, Leumeah, Minto