Andrew Herring | Mortgage brokers
Andrew Herring
Phone: +61 421 554 771
Reviews
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25.01.2022 If you're like me, you've read the occasional newspaper over the past 12 months, and you probably couldn't help noticing that home loans and real estate have been the subject of some serious changes. So if you think about it, it's possible that your home loan could benefit from a slight update as well. Nothing too serious, but it's probably worth having a look. You see, you may have a home loan with a lender who has a new or better product. Now they are unlikely to call you a...nd let you know about this, aren't they? Or you may have a fixed rate loan that you can now justify converting back to a variable rate. So if you're not exactly sure where you stand with your current home loan, why not give me a call and I'll check it out for you. You can jump on my website and test our debt consolidation calculator to see how much you could save each month just by refinancing or consolidating some of your debt. It doesn't cost anything to find out if everything is still OK and it usually only takes a few minutes. The least I can do is point you in the right direction, and the privacy act ensures our conversation is entirely confidential. What do you think?
24.01.2022 Should you buy or build your next home? Many buyers struggling to find the right home are going back to the drawing board and building rather than buying an existing home. There are obvious benefits to a brand new home: you can build exactly what you want and enjoy shiny new surrounds, with no wear and tear costs for years to come. But there can be downsides to creating your castle....Continue reading
24.01.2022 Buying or selling - or even just thinking about it? We may not have met in person yet, but I thought you would appreciate knowing that I'm always quoting and arranging home loans for people across our suburb. If you are even remotely thinking about buying or selling, or you are just not sure what your home is worth and how much you can borrow, why not ask me to help you work it out? That way you will know exactly what you can do...and it doesn't cost anything either!... I have access to home loans for just about everyone and every situation so please try me out. It usually only takes a few minutes and the privacy act ensures our conversation is entirely confidential. A cuppa and a chat It could be as simple as that.
23.01.2022 Home burglaries are a fact of life. Every year more than 20,000 homes in Australia are broken into - the majority during the day time when people are at work. That's the bad news. The good news is that there are plenty of simple, low-cost steps you can take to greatly reduce your chance of getting burgled. Remember, it's all about making your home a harder target to break into than other people's. Most burglars enter via a garage door, back door, kitchen or bedroom window. Bu...Continue reading
23.01.2022 Is your old equipment slowing you down? Old tech? Outdated machinery? Vehicle breakdowns? Will the purchase of new assets or equipment speed you up, help you become more efficient and help you get ahead? Asset finance is often the answer. ... Financing new equipment, instead of purchasing it outright, can be a good way to preserve cash flow and working capital while adding an asset that can begin to generate immediate income. And, of course, there may be potential tax advantages that could also come your way.
21.01.2022 Spring has sprung and home buyers are emerging from hibernation. Thats the theory, but the reality is home buyers are on the hunt all year round for the right property at the right price. The economic cycle and how you present your property will have a far greater impact than the weather on how soon it sells and how much it fetches. ...Continue reading
20.01.2022 Speak to me about finance for your greener home.
20.01.2022 Make your house a home. Contact me for a low cost home improvement loan.
20.01.2022 Protect your investment - find a great property manager: If you are a property investor you probably know about Landlord's Insurance, but there's another way to protect your investment, and make sure that you continue to get a good rental return. The trick is to find a great property manager. There a few characteristics that will help you to tell the difference between a fabulous property manager who will care for your investment, and a nightmare property manager who will co...st you a fortune. Professional and Committed A really good property manager is not the disgruntled young buck who was recently rejected as a junior sales agent, and now has to see his days out processing rental applications. The best property managers are people who wouldn't have it any other way. They have made a career out of managing property and they have a network of satisfied clients. Good processes in place for screening tenants A good property manager has excellent processes in place for making sure that potential tenants are carefully screened. They keep detailed records and they check references. Conducts regular inspections A good property manager can tell you how often they will be inspecting your property. They will personally inspect the property at the agreed time and report back to you with any issues. They don't send the receptionist. Has a maintenance team ready to handle any issues A good property manager has a team of workers on call in the event that there are emergency repairs or maintenance needed at your property. They believe that it's vital to stay on top of any small issues before they become bigger ones. Answers your phone calls A good property manager is approachable and it shouldn't take a week for you to get them on the phone. They care about maintaining a relationship with you because they want to keep your business. Treats tenants with respect A good property manager treats tenants with fairness and respect, and understands that happy tenants are more likely to keep the property in good repair, and pay the rent on time. They also know when to do something if a tenant is not keeping up their end of the bargain. Cares about your property Most of all, a good property manager cares about you and your property and they will ensure that your investment is protected. By maintaining good rapport with all parties, they will help you to retain good tenants to keep your rental return coming in.
19.01.2022 Six Steps to becoming mortgage-free - Step 4: Offsets and Redraws Would you like to cut your mortgage by years and pay less? What if you could get your mortgage all wrapped up in record time, and spend more time doing the things you love?... Well, there are six steps you can take now, which will make a real difference to the time it takes to pay off your loan. You could be mortgage-free sooner than you think. In the past weeks, we looked at Step 1: choosing the best loan, Step 2: changing your repayment frequency, and Step 3: Pay more to pay early. Today, find out how offset accounts and redraw facilities can help you move quickly towards losing that mortgage forever. Step 4: Offsets and Redraws Do you have a savings account that you use to put money away for a rainy day? You might be surprised to learn that this can save you money on your home loan - even if you keep the money in savings. This is commonly referred to as an offset account. Many lenders offer a 100% offset account which, when linked with your mortgage, can dramatically reduce the interest that you pay on your loan. The reason for this, is that the savings 'offset' what you owe, and you're only charged interest on your loan amount - minus your savings. This can have a significant impact on your loan in the long term. For example, if you have a loan of $400k, and keep $30k in an offset account, you could save over $150k in interest over the life of your loan. Another handy mortgage feature to look out for is a redraw facility. This allows you to make extra repayments on your loan whenever you want, but gives you the flexibility of taking that additional money back in the future if your plans change. By taking advantage of offset accounts and redraw facilities, you can take control of your financial goals today, and pay your loan off sooner. Want to escape your mortgage as soon as possible? Stay tuned for Step 5: Don't take candy from strangers.
19.01.2022 Some tips to help you buy your next car for less. Enjoy that new car smell longer. There is something special about buying a brand new vehicle - the smell... the pristine paint... the purring of a well timed and perfectly balanced motor.... ... So how do you ensure that feeling is not soured as you drive out of the car dealership? Car dealerships can be a very high pressured sales environment. The salesperson has a number of techniques they will utilise to ensure their bottom line is better than yours. The most important factor to ensure you obtain a 'good deal' is to do your research before you start negotiating. When buying a new vehicle, generally a number of individual transactions take place: 1. purchasing your new vehicle, 2. selling your old vehicle, and 3. organising finance. When negotiating, you should strive to win on each of these transactions. Before entering negotiations with the salesperson it is recommended you complete the following steps, which are outlined here in my latest factsheet: "Enjoy that new car smell longer!" https://www.mortgageaustralia.com.au//enjoythatnewcarsmell
19.01.2022 How to make sure your next home isn't a money pit. The typical home purchaser spends around 90 hours over 6 months browsing the internet, researching websites, visiting real estate agencies and inspecting no less than a dozen properties. However we only spend a little more than one hour inspecting the home we eventually purchase.... Not surprisingly, 55% of us discover 'hidden problems' after the settlement. Please read this article on how to avoid problems before finalising the purchase of your next home - Biggest Investment. https://www.mortgageaustralia.com.au//biggestinvestment.pdf
17.01.2022 Finance new equipment to generate new income.
16.01.2022 Australians are enjoying the lowest interest rates in history. It is no coincidence that the growth of the Mortgage Broking industry has forced the big banks to compete for your business by lowering their interest rates. Without us, everyone will be paying more for their home loans. https://www.afgonline.com.au/broker/keep-competition-alive/
15.01.2022 If you are a property investor - here is how to increase your rental returns. You've taken the plunge into the investment property pool and now have to find tenants. Although most rental markets throughout Australia remain tight, there's still a need to put your property's best foot forward to attract optimum returns. Here are some of the ways you can add value and ask for more rent for your investment....Continue reading
15.01.2022 BUYER BEWARE THE BARGAINS Limited cash flow and equity mean many first-time property investors feel the need to chase down a bargain to enter the market. But, like most things in life, you usually get what you pay for, which in the case of property can mean unrealised returns or even losses. While theres nothing wrong with paying less in the hope of making more, investors need to understand when a cheap property is truly a bargain and when they could be selling (or rath...Continue reading
15.01.2022 Avoid these Common Mortgage Mistakes: For many homeowners, it's easy to get caught up in all of the excitement, and stumble into one or more of these embarrassing mortgage mistakes. Unfortunately I see it very often. Getting a Standard Variable Rate loan:...Continue reading
14.01.2022 You're a parent whose grown up kids want to buy their first home. And because you want the best for them, you probably also want to ensure that they get the correct advice before they sign anything. A truer word has never been spoken. ...and I think the best start for first home buyers is to talk through their options with someone who has done it before as well as someone who is directly involved with the process every day.... If you are a parent whose children have grown up, you've probably bought a home before. I'm helping people buy their home every day, it's my job. This means, together, we are well qualified to point your young adults in the right direction when it comes to buying their first home. So, why don't we catch up with your kids and discuss their options together. Between us, we should be able to provide helpful advice and motivation along the way. I provide home loans for just about everyone and every situation so why not try me out? It doesn't usually take long and the privacy act ensures our conversation is entirely confidential. A cuppa and a chat. It could be as simple as that.
12.01.2022 Cure your confusion today - 9 steps to purchasing your first home. Do you start to get a headache when you think about everything involved in getting a home loan? Don't despair. Many other borrowers have felt the same way in the past. ...Continue reading
11.01.2022 How to avoid getting stuck in the borrower's 'land of confusion': Comparing the true cost of a loan can be a lot more complicated than it seems. Comparison Rates are one way of comparing loans, but it doesn't always provide a complete picture of the total cost of the loan.... Make a mistake and you could pay thousands more in interest than you should. To avoid this, have a look at this short guide - "Land of Confusion". https://www.mortgageaustralia.com.au///landofconfusion.pdf
11.01.2022 Summer is almost here so it's the perfect time to give your finances a spring clean. Whether you're looking to consolidate credit card debt, renovate your home or purchase your new car, our team can help give your finances a spring clean. Our partners offer a fast, simple, online application process and access to funds typically within 48 hours. Dont delay, get in touch today!
10.01.2022 How to avoid getting stuck in the borrower's 'land of confusion': Comparing the true cost of a loan can be a lot more complicated than it seems. Comparison Rates are one way of comparing loans, but it doesn't always provide a complete picture of the total cost of the loan.... Make a mistake and you could pay thousands more in interest than you should. To avoid this, have a look at this short guide - "Land of Confusion". https://www.mortgageaustralia.com.au///landofconfusion.pdf
09.01.2022 Are a few unfamiliar words stopping you from building wealth? Are you thinking about dipping your foot in with property investment, but don't really know where to start? There is a lot of information out there, but many first-time investors become overwhelmed by all the technical stuff. Don't panic though - here is a list of some of the most common phrases to do with property investment - and they have been de-mystified for you....Continue reading
07.01.2022 Because selling your home in record time takes some elbow grease. How far should you go when presenting your home for sale? Do you really have to get rid of all your family photos? Who has the time to bake a fresh batch of cookies in time for every open house? There are some things that make a huge difference to potential buyers, and some that will just give you a headache for no reason.... If you're a bit unsure what you should do to make your property appealing to buyers, don't worry - just follow these 5 simple steps. Step 1: De-clutter It's time to cut down on some of those kids toys, and it might be a good idea to find a temporary home for your newspaper collection. Buyers are looking for space and comfort, and nothing says 'this house is too small' quite like an overflowing bookshelf. Try packing away some of the items that you don't use very often. If you don't listen to your CD's very often, load them onto your ipod and pack them into boxes. It's amazing how much nicer a home can seem when it's tidy and clutter-free. Step 2: Fix any small issues Do you need to replace any light bulbs? Are the doorhandles showing a lot of wear and tear? Perhaps your screen door is torn because the dog was trying to get outside. This is the time to fix all of those little things you never got around to. This will show potential buyers that you have maintained the home, and they won't be worried about nasty surprises. Step 3: Consider staging Do you still have the couch that your Auntie passed down when you were leaving home? Whilst it shouldn't matter what your furniture looks like - the truth is that it can make a difference. If your belongings are a little bit rough around the edges, consider hiring or borrowing some nicer items for a few weeks whilst your home is open for inspection. Step 4: Clean, Clean, and clean some more It's not always easy to keep your home spotless - especially if you have small children. But nothing will scare away potential buyers faster than dirty underwear on the bedroom floor, or last night's Bolognese splattered all around the kitchen. If you don't have the time to clean thoroughly before every open house, consider hiring a cleaner for this short period of time. By putting in the extra effort, you could be rewarded with a quick sale, or a better price. Step 5: Neat and tidy On the day of each open house, spend a few minutes making the beds (hotel-style if you can) and putting away any items that don't need to be lying around. Run a cloth over the benches one last time, turn on the dishwasher, and consider taking your dirty washing with you if you don't have time to get it washed and put away. If you receive an offer on the house today, you'll be glad you went the extra mile. If not, you can come home and relax knowing that the housework is already done!
06.01.2022 Mortgage traps ahead! - Don't fall in. Do you love a bargain? It can feel like such a victory when you find that special deal on a new TV, or when you save a bundle by doing your Christmas shopping during a toy sale. Unfortunately, this sort of approach to looking for a mortgage can easily land you in hot water. Whilst it always pays to look around for a good deal on a home loan - there's also an old saying: "If it sounds too good to be true, it probably is".... There are a few fatal traps when it comes to choosing the right loan for you. Unfortunately the excitement of buying your first home can be all too distracting, and it's easy to put your foot in it by failing to research your loan options. Irresistible Offers The majority of lenders are very responsible and cautious, and only give out loans to people likely to make their repayments. These lenders will offer the best deals their desired customer - usually someone who earns a good income, has a clean credit history report, and has a decent deposit to contribute. If you know that your circumstances don't make you particularly appealing to a lender, but you're being offered a crazy deal - there might be something amiss. Take some time to read the fine print and make sure that the loan contract doesn't contain any nasty surprises. Remember - there's no such thing as a free lunch! Fixed rates You might be tempted to lock in a low interest rate for a couple of years so that you can have the peace of mind that comes with knowing your repayments. The danger here, though, is that you might be missing out on features that you need, or being charged additional fees. Make sure that you research all aspects of the loan, rather than just focussing on the interest rate. Fees and Charges Loan contracts can be very detailed - packed full of confusing words and legal disclaimers. But one section that you should study with a magnifying glass is the schedule of fees and charges. Do you know whether you can make changes to your repayments? How much will it cost if you default on a repayment? What is the fee associated with ordering a statement ahead of time? And importantly - what establishment fees will you have to pay at settlement? If you don't know this amount, you might not be able to proceed with your purchase and you could lose your deposit. Flexibility and Features It's important to consider what features you need in a loan - do you want to be able to make extra repayments when times are good? Would you like to be able to take that money back again if something doesn't go according to plan? What about if you want to change your repayment frequency? The features of your loan are just as important as the interest rate - and not paying attention could mean that you end up paying a lot more in the long term.
05.01.2022 Renovate or Evacuate? The pros and cons of renovating your home to sell. So, you've decided it's time to sell your property. Perhaps your family has grown and everyone needs some space. Or maybe the kids have left the nest and you're ready for less maintenance and more travel. You want to get the maximum price for your property with minimum fuss. But how much work should you do to prepare your home for sale?... If you like to watch a lot of DIY shows, you might have always dreamed of doing your own renovation rescue, and raking in the profits. But how much is too much to spend? Does it really mean a better selling price if you invest your life savings in a new kitchen? Before you run down to the hardware store, let's look at the pros and cons... Pro - Your property will appeal to people who don't want to renovate - such as families and professional couples. Con - Your property will not appeal to buyers looking for a project of their own, and you could alienate these potential buyers. Pro - You will add value to the property and take advantage of the profits, rather than leaving someone else to reap the rewards. Con - The whole thing could backfire and you could spend loads on renovating without making much on the sale of the property. Pro - Renovating could give you a competitive edge when there are similar properties for sale in the area. Con - Buyers might not love your purple feature walls as much as you thought they would, and your taste could drive them away. Pro - It might be just plain necessary to do some work before you can sell your property, depending on the condition. Con - Renovating can be a real pain in the proverbial - are you ready for mess, stress and lots of aching muscles? So how do you decide? There's no simple answer here, I'm sorry to disappoint you! If the pros and cons have your head spinning, try speaking with a few real estate agents. They should be able to give you an idea of what work should be done to achieve the price you want.
03.01.2022 Cure your confusion today - 9 steps to purchasing your first home. Do you start to get a headache when you think about everything involved in getting a home loan? Don't despair. Many other borrowers have felt the same way in the past. ...Continue reading
02.01.2022 If you are a property investor - here is how to increase your rental returns. You've taken the plunge into the investment property pool and now have to find tenants. Although most rental markets throughout Australia remain tight, there's still a need to put your property's best foot forward to attract optimum returns. Here are some of the ways you can add value and ask for more rent for your investment....Continue reading
