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25.01.2022 WHEN IS THE BEST TIME TO REFINANCE YOUR HOME LOAN? As a home owner with a mortgage, chances are youve heard of the term 'refinancing'. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly....Continue reading

25.01.2022 Do you have NO GENUINE SAVINGS? Don't panic, there might be few options for you too to obtain finance.

21.01.2022 BUY NOW PAY LATER - the hidden danger potentially stopping you from owning your own home. Driven by a simple proposition whereby the Buy Now Pay Later provider pays the merchant on behalf of the customer, allowing the customer to obtain the goods or receive a service immediately while subsequently paying off the debt generally through instalments, Buy Now Pay Later presents a tempting offering. This might be fine for someone that manages their money well, but theres probably... a very small minority doing that and the rest of people are spending beyond their means. If a lender sees a buy now pay later provider frequently on a clients bank statements, that can trigger more questions about their spending behaviours and ultimately may mean they choose to decline the application. Its important to appropriately manage your expenses well in advance of applying for a home loan, that way you can show the bank that you can save and afford to service a mortgage when the time comes.

21.01.2022 What comes first: the property or the loan? Looking for a property to purchase is an exciting time. Choices regarding location, size, number of rooms and local amenities often see house hunters carried away in a deluge of daydreams and anticipation. But, before you get carried away, its important to check off the essentials first. Although organising your finances may seem dull, gaining pre-approval with a lender will give you confidence about how much you can afford to borr...ow. First and foremost you should determine if youre eligible to borrow money from a lender. Your ability to repay the loan should be assessed upfront you dont want to find out after youve made an offer that your credit history or deposit is not up to scratch. Arranging finance before finding the perfect property will put you in a good position when it comes time to make an offer. When you do find the house you have always wanted, you can present to the seller and estate agent as a prepared applicant who is serious and reliable. It shows you mean business, and gives them peace of mind that your financing will not fall through. Sellers are most interested in completing their sale fuss-free and with secure funding. Showing that you are capable of both will help put you at the top of a potentially competitive list of applicants. Saving home loan applications to the last minute also leaves less time to find the most suitable loan and have it approved ahead of settlement.

20.01.2022 Does it annoy you when you go to refinance your home loan and you get a low valuation and you don't have 20% equity in your house and either the lender won't do the loan or you have to pay Loan Mortgage Insurance again. There are a couple of things you can do to get a lower loan without refinancing .... send me a message and lets have a chat about your options!

20.01.2022 Do you have a current loan and would like to refinance to a lower interest rate or looking to purchase your first home, then have a chat to me regarding what loan would be most suitable to you. Attached below are current rates for owner occupied, variable rates. Message me for more information or to see whether you qualify for the rates.

19.01.2022 3.99% 3 year fixed investment Interest Only! A Big 4 lender! REFINANCE OVER $250,000 and get $2000 cash back! Get in touch to know what the comparison rate would be on your actual loan. (comparison rate on 150k loan over 25 years is 5.47% but the reality is that it would be dependent on what the revert rate is negotiated at post fixed period, but there is an annual fee of $395)

18.01.2022 More than just a cheap rate!

18.01.2022 Should I refinance my home loan? In the past, most people who took out a mortgage continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years. Here we look at some of the reasons people in Australia refinance their home loan. Lower rate... The most common reason for people to refinance their mortgage is to get a better deal. But be careful you dont become interest rate-fixated. When you refinance your home loan, you need to consider fees and charges as well as the interest rate. You may have to pay charges for exiting your current home loan, plus charges for taking out the new mortgage. You need to be sure that in refinancing your home loan youll be better off in the long run after taking into account all costs. More flexibility Many people only discover the full details about their mortgage when its too late. They try to do something and get told by their lender that either they cant do it, or they will incur a hefty charge if they do. An example is a redraw facility the ability to pay extra money into a mortgage and then redraw it later. This feature is not possible with some loans, so many people refinance their mortgage to give themselves this sort of increased flexibility. Renovation If you carry out renovations, it often makes sense to refinance your mortgage and take out a construction loan so you only pay interest as building progresses. Once construction is over, it might make sense to refinance your home loan again so that you consolidate the total amount you owe into a loan that minimises your interest bill, while giving you a degree of liquidity. Home equity Simply put, home equity is the difference between the market value of your house and the outstanding loan balance. Should your property be worth $500,000, with an outstanding $300,000 loan, your equity would be $200,000. Refinancing your mortgage with a home equity loan might let you tap into that extra $200,000 equity. Defaulting Some people find they have borrowed more than they can comfortably repay, and theyre in danger of defaulting. Theres no shame in that. But dont suffer in silence. If youre having trouble making your mortgage repayments, talk to your mortgage broker about refinancing your home loan to make it more manageable.

17.01.2022 Refinance bonus - refinance your loan and get an extra 0.2% off the rate for the first year. This would be a rate of 1.79% if you are a teacher going to 1.99% for years 2 and 3. But any lender on my panel ..... ask what rates are available for you. Send me a message or text 0412 624 312 and quote extra 0.2%. For a comparison rate, get in touch.

17.01.2022 FIRST MEETING WITH A BROKER If youre looking for a home loan but are inexperienced with finance brokers, attending your first appointment with a broker can be a nervous experience. Getting a home loan, after all, can be quite complex for a first-timer. There are lots of brokers around and there is a lot to learn. But there are many steps you can take to be confident that your appointment will be a success. A good starting point is to familiarise yourself with the expectation...s of the first appointment between brokers and yourself. Your broker is very likely to ask you about your medium and long-term financial goals, the amount you want to borrow, costs and conditions attached to home loans. Knowing the direction the appointment will likely take lets you participate more actively in the conversation. This means you can better articulate your needs to your broker. Its also recommended that you give some consideration before the meeting to the types of questions you wish to ask your broker. Questions that can be of use include such things as loan types (such as term, repayment options and interest rate types), the types of ongoing fees attached to various loans (such as early exit, late payment, break and redraw fees) and the typical timeframe for a loan settlement. These questions might pop into your head spontaneously during the meeting but preparing them in advance is a good way to refine them. By doing so, you are in a position to get more specific information from your broker. It is common practice, too, for your broker to conduct a needs assessment so you will be asked some questions. To assist in answering these, youll need to supply information about your employment history, assets and expenses. Its mandatory for brokers to maintain the confidentiality of information that you provide to them and only pass on information necessary to enable them to lodge your loan application or where required by law. The other preparation you can make to maximise the success of your appointment is to research your broker. Many brokers provide content on their web pages and social media. This can give you a good indication of their knowledge and expertise and highlight topics to discuss with them. Brokers can also be accredited, with accredited brokers held to higher standards. By verifying they are accredited, you can approach the meeting knowing your broker is appropriately educated, adheres to a strict and professional code of practice and is authorised to access a large range of products offered by a variety of lenders.

14.01.2022 Want an exciting deal? Want something no one else is offering? 1.99% First Year Fixed 2.24% Second Year Fixed (or 2.33% 2nd and 3rd year) $2000 cash back from the lender. Refinances or purchases up to 80% of the value of the house and loans over $300k. Next day assessment, emailed loan docs, quick settlements if outgoing lender/seller are ready. Comparison rate is 2.85% based on 300k loan over 30 years. Comparison rate is skewed higher because of $395 annual fee but if you choose option 2 then you would have an average 2.21% for 3 years with $2000 cash back .... send me a message [email protected] or 0412 624 312 and mention this post.

13.01.2022 2000 cash back on Bankwest deals! You could be eligible if you tick these boxes: > Offer available to Australian residents aged 18+ who purchase, build or refinance a WA home with a new Bankwest home loan > Minimum purchase and/or refinance amount $250k (excludes debt consolidation of personal loans and credit cards)... > The security property must be located in Western Australia > Maximum 90% LVR including LMI > Repayment type can be P&I or IO > Available on owner occupier and investor loans (including construction loans) > Any available Bankwest home loan product is eligible > Normal lending policies apply > One cashback per eligible customer > Offer not available in conjunction with any other promotion Message me for rates and a great Cosi Home Loan deal on a Bankwest refi. 0412 624 312

10.01.2022 Check out the current best interest rates on our panel of lenders! Get in touch to know if you qualify.

10.01.2022 Purchasing a property is a thrilling yet nerve-wracking experience, which is why it can be handy to surround yourself with a network of support and expertise.

10.01.2022 Want to get a lower rate on your investment loans? If you have both an owner occupied loan and an investment loan, owner occupied loan at least 1/4 of total debt and total loan over $750k then you can get 3.49% P and I and 3.89% Interest Only. (with further 0.2% rate cut to come) Send me a message for more information.

08.01.2022 House rules for a happy living

06.01.2022 Looking for a loan? Want $1000 cash back either on your refinance or your purchase then drop us a message and we will let you know what we can do. You choose your lender and we will let you know what the best rates are we can get with them or you tell us your scenario and we will give you a list of lenders and lowest rates of loans we deem to be not unsuitable.

06.01.2022 HOW REDRAW FACILITIES AND OFFSET ACCOUNTS CAN SAVE YOU MONEY Offset accounts and redraw facilities work in similar ways; they are both connected to the outstanding loan. REDRAW FACILITY... Redraw facilities let you deposit spare money into your home loan account, allowing you to redraw a sum equal to the extra repayment amounts in future. In the meantime, the extra money paid will lower the loan balance and therefore the amount of interest you will be charged. However, there may be restrictions on how much money can be withdrawn and when. It is important to find out how a loans redraw facility works before taking it on, as the fees and restriction attached might outweigh the benefits of interest savings. Case study: Jack owes $300,000 in his loan account. Recently he won $20,000 at the lottery and decides to use it to make an extra repayment into the loan, so that he now owes $280,000. Few months later Jack wants to buy a car and needs some money. Since he put an extra $20,000 in the loan (on top of the required monthly payments), he can now request the institution to access some of that money, up to a maximum of $20,000. OFFSET ACCOUNT An offset account is an account with normal transaction functionalities, therefore can be used for your daily expenses/payments, and is linked to your loan account. The money in the offset account will reduce the loan amount on which interest will be calculated. Case study: Laura owes $300,000 in her loan account. Recently she won $20,000 at the lottery and decides to keep it in her offset account, which is linked to the loan account. Laura has a 100% offset account, which means all the money she has in that account ($20,000) will fully offset against the loan. Laura will now pay interest just on $280,000 and will be able to access the $20,000 in the offset account at her will. Offset accounts, like many savings accounts, often come with account fees, but the fee may be worth the interest savings and the added flexibility compared to redraw facilities. OFFSET VS REDRAW Deciding between an offset account and a redraw facility on your home loan largely depends on how accessible you need your extra money to be. Offset accounts give you very easy access to your extra money. The extra money in the redraw facility are generally not accessed that easily and therefore is more suitable for those financially disciplined with a strong focus on paying off the mortgage earlier.

06.01.2022 STAMP DUTY EXPLAINED Stamp duty is a charge applied in Australia on transactions relating to the transfer of land or property. Buying a property require therefore payment of the stamp duty. It is paid upfront and needs to be budgeted for in addition to your loan deposit. The amount of stamp duty you are required to pay differs in each state, however there are three factors, along with the value of the property, that determine how much stamp duty you will pay. Contributing fa...ctors include: 1.whether or not the property is a primary residence or investment property; 2.whether or not you are a first home buyer; and 3.if you are purchasing an established home, a new home or vacant land. There are a number of stamp duty calculators available online that take the guesswork out of budgeting for a property. Factoring in this additional cost cannot be overlooked when you are considering your capacity to repay a loan. However, in a bid by state governments to stimulate home ownership and growth, there are a range of tax concessions available to reduce stamp duty. Exact amounts differ across each state, but those who benefit the most are first home buyers and those opting to buy a new home. In WA, if a home is valued under $430,000, it might be exempt from stamp duty and if the home is valued between $430,000 and $530,000, it may receive partial concessions.

06.01.2022 Participate in our fortnightly draw for the chance to win $100 to spend in your favourite restaurant in Perth. Simply click "Like" on Atena Home Loans Facebook page https://www.facebook.com/atenahomeloans/ to be selected for the prize. Promotion valid until 27/01/2019... The winner will be drawn on 28/01/2019 and a $100 voucher will be arranged in their name with their chosen restaurant. Successfully refer someone for a home loan and get an additional $300.

05.01.2022 And the winner of $100 is....

05.01.2022 Is your home loan with BANKWEST? If staying at Bankwest on a lower interest rate is what you are after then we are here to help! Over time, interest rates can rise and we aim to provide ongoing pricing on your loan to ensure your rate remains competitive! Get in touch to know more. Consultation free of charge :)

05.01.2022 HOW TO NEGOTIATE THE BEST PROPERTY PRICE Negotiating the best property price isn't a matter of swindling a seller. Its about doing your homework, knowing what you want, knowing the market and making sensible offers. When you are buying a property, getting the best price can mean the difference between being able to afford it and having to settle for second best. And, of course, a purchaser is often negotiating with a seasoned professional, so any time spent brushing up on ne...Continue reading

04.01.2022 HOW TO CHANNEL MORE INTO YOUR LOAN REPAYMENTS Paying off a mortgage can seem relentless every payment counts of course, but it can seem to be taking forever to make a dent. Here are some simple ways you can increase the amount you pay off and own your home sooner. Reducing the principle (the amount you borrowed) on your mortgage as quickly as you can means paying less interest, so your future payments are going even further towards reducing that principle....Continue reading

04.01.2022 few tips to help you saving money :)

02.01.2022 And the winner of our promotion is.....

02.01.2022 Through my parent Company "Cosi Home Loans" I am offering $1000 cash back to First Home Buyers at settlement. More information can be found on my web page..https://www.cosihomeloans.com.au/first-home-buyers

02.01.2022 Small changes in your house can highly improve your environment

02.01.2022 Taking part in our promotion is very easy. Simply click like on Atena Home Loans Facebook page to get an entry. All current people who have "liked" the page will have one entry in the Competition. For every friend you tag who will also like our Facebook page you will get an additional entry! (Should someone be tagged several times, just the first person tagging will be considered)... Promotion valid until 10/03/2019 The winner will be drawn on 11/03/2019 by a public video and a voucher for spending 2 nights (up to 2 people) in a hotel of your choice (from below or by negotiation) will be arranged in your name. Booking must be made 2 months in advance. The choice of the accommodation will be limited to the following list of Hotels: - HYATT REGENCY PERTH - ESPLANADE HOTEL FREMANTLE BY RYDGES - FOUR POINTS BY SHERATON PERTH - NOVOTEL SWAN VALLEY VINES RESORT - PAN PACIFIC PERTH - NOVOTEL PERTH LANGLEY - WYNDHAM RAMADA DUNSBOROUGH Only the room will be included in the voucher and depending on your choice there may be other inclusions. You will be responsible for any additional costs incurred. Successfully refer someone for a home loan and get an additional $300. This Competition is in no way sponsored, endorsed or administered by, or associated with, Facebook. Atena Home Loans is running the competition and any information gathered will not be shared with any 3rd parties and will be expressly used for the purpose of selecting a winner.

01.01.2022 The right financial steps will take you there faster

01.01.2022 Looking for a great rate! How is this for a 2 year fixed rate with a 100% offset account! Send me a message to have a chat!

01.01.2022 Why does my broker ask for so much documentation? No one likes paperwork; however, providing your broker with the right documentation will save you time and money. What information will your broker ask you to provide? ...Continue reading