Loan Market Mortgage Broker servicing Inner West, Eastern Suburbs, Sydney CBD and surrounding suburbs
As a mortgage professional, I am dedicated to ensuring my clients are informed during every step of the process from the interview stage, right through to settlement and beyond. Getting your home loan sorted out early can ensure you are in a good position to negotiate for your home on your own terms. While the home loan application process can seem daunting, it is often simpler than most people think.
First home buyers
Buying your first home is an exciting experience, but there can be a lot to think about. I make the home loan application process as smooth and easy as possible, so you can concentrate on finding the right home. As part of my service, I will help you to understand the types of home loans available to you as a first home buyer and choose the right one for your situation. If you are eligible for the First Home Owners Grant or any state government first home buyer assistance, I will help you to fill in the paperwork.
Home loan deposits in Strathfield
Most banks and lenders will require a minimum deposit of 5 per cent of the value of the property you are purchasing, before they will approve you for a home loan. Depending on the lender and your individual situation, you may be able to fund your deposit from a range of sources, including genuine savings, monetary gifts, inheritances and first home buyer incentives. It is important to note however, that most lenders will require at least a portion of your deposit to come from genuine savings.
Debt consolidation in Strathfield
Debt consolidation can be a handy solution when you are struggling with repayments on several debts, such as your home loan, credit cards, store cards and personal loans. Debt consolidation works by combining all those debts into your home loan, which is generally the debt with the lowest interest rate. When the interest rate is lower and the loan term is usually longer, your monthly repayments will drop, giving you a bit of breathing space.
When purchasing a property for investment purposes, the right finance is just as important as the right property. I will help you to find the right investment finance structure most suitable for your situation to help you maximise your overall investment plans and goals.
Refinancing your mortgage is something that takes careful consideration. The most important thing to look at is if refinancing will put you into a better position than you would be if you stuck with your current home loan. I can go through the sums with you to show you the costs involved in changing home loans, as well as your projected costs over a set time frame for both your current and proposed home loans. If you decide that refinancing is the right move for you, I will help you complete all the necessary paperwork to make the change.
Bridging loans in Strathfield
Financing the move from one property to another can be quite stressful, especially if you are yet to sell your home. A bridging loan can help free up the funds that are tied up in your current property to purchase your next home. With a bridging loan, your lender will use both your current and new property as security and lend you enough to buy your new home.
This is in your interest
A certain “set and forget” mentality slips in with mortgages. Money leaves your account to nibble on your mortgage. Meanwhile, you get on with other things. But here’s the question — if you have an interest only mortgage (IO) when does it switch to principal and interest (P&I)?
The challenges facing residential prices
After five years of stunning price growth, Australian residential property prices have just fallen for the eleventh month in a row according to a recent report from Core Logic.
Royal Commission revelations: who do I work for?
Last Friday, Commissioner Kenneth Hayne released his interim report into the Banking and Finance industry which, at this stage, raises more questions than answers. The final report is due out in February, 2019 however with all the media commentary over the weekend, I thought I’d take the opportunity to highlight a few things that as your broker, I am particularly proud of in the wake of all this turmoil.