Arafura Finance Brokers in Darwin, Northern Territory | Loan service

Arafura Finance Brokers

Locality: Darwin, Northern Territory

Phone: +61 447 499 794

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24.01.2022 How redraw works and why its a handy loan feature Its one of the less glamorous home loan features, but the redraw facility deserves a second look. Heres why: The redraw facility explained... A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more than your minimum scheduled repayments, then youll have money available to redraw from your home loan. https://arafin.com.au/how-redraw-works-and-why-it%E2%80%99s

24.01.2022 BUYING A CAR? Did you know we also do car and equipment finance? Let us do all the running around and compare hundreds options to find the cheapest potential deal for your next car or equipment purchase

23.01.2022 The Federal Government will give eligible Australians $25,000 to build or substantially renovate their homes, in an effort to boost demand in the construction sector and keep builders employed. https://www.abc.net.au//government-coronavirus-co/12317786

23.01.2022 Which loan is right for you? Fixed Rate Loans have traditionally been associated with rigid conditions, but with flexible new products available, and interest rates relatively low, fixed rate loans are currently quite popular in Australia (though not as popular as standard variable rate loans). The majority of fixed rate home loans allow extra repayments Nick Kirlew Mortgage Broker 0447 499 794

23.01.2022 Purchasing her first home could have been a complex task for Mary, who spent most of the year out of town, leaving little time to search for properties. Mary asked credit adviser Nicholas Kirlew, of Arafura Finance Brokers in Darwin, for help with a particular challenge in finding her first property she was away from her home base for much of the year, so she didnt have time to look for properties every weekend. https://arafin.com.au/case-study-buying-my-first-home

23.01.2022 Todays NT News NEW Territory home buyers have chomped through a little more than half of the money available in the BuildBonus government scheme since it was introduced 17 months ago. The NT government has approved 344 BuildBonus grants, with another 16 pending approval. BuildBonus, introduced in February 2019, provides grants of $20,000 to Territorians looking to buy or build a new home.... Public servant Kate Johnson, 21, moved into her new home at Zuccoli just a few weeks ago. As a young Territorian I wouldnt have been able to (build a home) as soon as I have, she said. (The grant) pushed me to do it now, rather than in the five years that it would take me to save up that additional $20,000. The total number of BuildBonus grants will be capped at 600. BuildBonus was part of a three-pronged strategy, alongside the NTs stamp duty discount scheme and first home-owner grant, designed to help more Territorians crack the housing market while supporting local construction jobs. A total of 1491 Territory home-owner discounts, which provide a stamp duty concession of up to $18,601 for people purchasing or building their first new or established home in the Territory, not just limited to first homebuyers, have been approved since February last year. A total of 309 first homeowner grants, which provide a $10,000 grant to first homebuyers purchasing or building a new home, have been approved in the same time frame. The most popular areas to build, as per BuildBonus approvals so far, are Zuccoli, Muirhead, Berrimah and Kilgariff.

22.01.2022 HomeBuilder Grant The Northern Territory Government have published the details of how they will administer the Federal Government HomeBuilder Grant. Read more here: https://arafin.com.au/first-home-buyer or the direct link is here: https://treasury.nt.gov.au//territory-re/homebuilder-grant This grant is available on top of the other running grants and subsidies. So for certain buyers there is a lot of benefits on the table. If you would like to learn more please drop me a l...ine. I have access to the common video conference software if you would like to discuss online. For more information dont hesitate to call 0447 499 794. https://arafin.com.au/first-home-buyer See more

21.01.2022 Lenders mortgage insurance (LMI) is required in many instances when a loan is worth more than 80 per cent of a propertys purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely payable. Heres how you can avoid paying the costly premium.

21.01.2022 WHAT ARE YOUR DREAMS FOR THIS SUMMER? People refinance their home loan for many reasons, one of them might be as simple as adding a swimming pool to the family home for the hot summer thats nearly upon us Find out how much equity you might have with a quick call to Nick Kirlew Mortgage Broker on 0447 499 794.

20.01.2022 Todays NT News: A NEW online sales method has exploded onto Darwins real estate scene. Real Estate Central on Thursday launched Openn Negotiation, an online auction app that allows qualified buyers to bid on a property over a set period of time. The vendor can watch the auction in real time and the buyer can see how many people are bidding and how much their bids are.... Real Estate Central sales professional Andrew Harding said the app would revolutionise the sales process. The benefit of Openn Negotiation is that every buyer can get involved in the process, whether they are local, national or international, he said. It also provides the flexibility for buyers to get involved in the online bidding process, even if they require their offer to be conditional upon finance.

20.01.2022 Self-employed borrowers come up against the challenge of not being able to simply present payslips and tax returns to back up their loan applications. But this need not stop you buying your dream home. Many lenders offer loans for self-employed borrowers who cant hand over payslips and employment records. This means that, rather than the usual documentation, you prove your ability to service a loan using bank statements, declarations from your accountant and financial records. https://arafin.com.au/how-buy-home-when-you%E2%80%99re-self

19.01.2022 https://arafin.com.au/how-purchase-investment-property

18.01.2022 When youre trying to secure finance for an investment property, its important to keep a few simple rules in mind to make sure you get the best deal possible and will be able to afford the repayments, come what may. If youre thinking about purchasing an investment property, its important to manage the risks adequately. For example, you shouldnt rely on rental returns as a guaranteed income to meet loan repayments, as there are times when a property may be vacant or hard t...o fill immediately and some months the rental return on a property may be diminished by maintenance costs. When youre trying to secure finance for an investment property, its important to keep a few simple rules in mind to make sure you get the best deal possible and will be able to afford the repayments, come what may. If youre thinking about purchasing an investment property, its important to manage the risks adequately. For example, you shouldnt rely on rental returns as a guaranteed income to meet loan repayments, as there are times when a property may be vacant or hard to fill immediately and some months the rental return on a property may be diminished by maintenance costs. https://arafin.com.au/rules-investment

17.01.2022 Entering the property market is no easy feat for a first homebuyer, but even parents who arent prepared to hand over cash for a deposit may help by being a guarantor on a loan. Before taking the plunge however, its crucial to be aware of the implications involved. Here are three questions to ask yourself to see if a family guarantee is right for you: https://arafin.com.au/family-guarantee-right-you

12.01.2022 Refinancing your assets to renovate a property is a significant decision that will hopefully improve your standard of living or add substantial value to your property. Refinancing isnt as straightforward as you might expect. The type of renovation proposed goes a long way to dictating the loan required. If the wrong loan is chosen, you could be left with a pile of unexpected debt. https://arafin.com.au/how-refinance-renovate

12.01.2022 https://arafin.com.au/why-your-business-loan-was-rejected Due to the risks involved, strict guidelines are imposed on business finance, so securing approval can be difficult. Here are a few mistakes to avoid to increase your chances of approval.

12.01.2022 https://arafin.com.au/pros-and-cons-line-credit A line of credit can be a very appealing idea, with immediate access to the limit of a mortgage and no extra approvals necessary. Used wisely, it can make investment and purchase of commercial equipment simple, but it can also spell disaster for the unprepared.

10.01.2022 FIRST HOME OWNERS TIP OF THE DAY: Dont forget to plan out all of the costs involved when buying your first property. Deposit generally isnt the only cost involved. There may potentially be application fees, valuation fees and even solicitors fees. Be sure to factor in moving expenses and even some surplus money for improvements on the property that may be needed if youre buying an established home. The good news is that when you deal with us, we will help guide you through the maze.

08.01.2022 HomeBuilder Grant Finally the Northern Territory Government have published the details of how they will administer the Federal Government HomeBuilder Grant. Read more here: https://arafin.com.au/first-home-buyer or the direct link is here: https://treasury.nt.gov.au//territory-re/homebuilder-grant... This grant is available on top of the other running grants and subsidies. So for certain buyers there is a lot of benefits on the table. There is only up until the end of this year 31 December 2020 to apply. If you would like to learn more please drop me a line. I have access to the common video conference software if you would like to discuss online. For more information please dont hesitate to call 0447 499 794. https://arafin.com.au/first-home-buyer

06.01.2022 What to consider when buying your second property Buying your own home remains the great Australian dream and purchasing a second property may help you take your wealth further. Whether youre building your property investment portfolio, buying a holiday house or supporting a family member, there are plenty of things to think about before you take that next step. https://arafin.com.au/what-consider-when-buying-second-prop

04.01.2022 FIRST HOME OWNERS TIP OF THE DAY: Get Your Financial House in Order Those great loans with little or nothing down are not available to everyone: You need good credit. For at least one year prior to purchasing a home, you should assure that every credit card bill, rent check, car payment and other debt is paid in full and on time.

03.01.2022 https://pst.cr/bekpX

01.01.2022 HAVE YOU FALLEN OUT OF LOVE WITH YOUR CURRENT BANK OR LENDER? Are they treating you with the respect you deserve? Or have they decreased service standards and increased your fees and charges? Pick up the phone and call 0447 499 794 to compare your options across a large number of lenders all in one convenient place Our clients feel the love!