Australia Finance House in Chatswood, New South Wales, Australia | Mortgage brokers

Australia Finance House

Locality: Chatswood, New South Wales, Australia

Phone: +61 449 668 989

Address: 201/11 Spring Street 2067 Chatswood, NSW, Australia

Website: http://www.afhouse.com.au/

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• Investing service

24.01.2022 Tip number 2 on how to avoid Lenders Mortgage Insurance (LMI): 2. Family pledge/guarantee A family pledge or guarantee is where a family member becomes your guarantor, pledging part or your entire loan so that in the event you cannot make the repayments, they will be responsible. Your guarantor can use their own home’s equity as additional security for a portion of your loan amount. For instance, a client planning to buy a $500,000 property must pay a 20% deposit of $100,000 to avoid paying LMI. The client has $40,000. The client’s parents, given that they owned their house, are able to provide a family pledge guarantee on their home for the remaining $60,000. This will bring the LVR down by 80%, so that the client will not have to pay LMI.

18.01.2022 2019 Federal Election is over. With Liberal remaining in governance, no changes to be made to negative gearing. Time to sort out your pre-approval to kick start your investment property search. Investment rates from 3.69% p.a. Call now to find out more.

14.01.2022 Changes might be coming as APRA will be reviewing the 7+% buffered rate for loan assessment. Proposing to let banks set their own servicing rate. What does this mean? This will potentially gives borrowers a higher borrowing capacity. Currently banks assess loan borrowing capacity using rates around 7.25%, which is more than 3% higher than most home loan rates.

14.01.2022 Where do you sit on Australia's income ladder? And how does your income compare to your neighbours.

11.01.2022 Tip number 3 on how to avoid Lenders Mortgage Insurance (LMI): Using equity in your current property and cross collateralising If you have a property and you have paid most, if not all, of it off, you can use that property to draw out funds for the new purchase namely, 20% of the purchase price. Alternatively, you can cross collateralise the current property with the new purchase and get a 100% loan.

10.01.2022 Tip number 1 on how to avoid Lenders Mortgage Insurance (LMI): Occupation Some lenders will waive LMI for certain occupations. These include: medical professionals (general practitioners, hospital employed doctors, medical specialists, dentists, optometrists, pharmacists, veterinary practitioners, etc.), accounting professionals, legal professionals, education industry professionals, mining professionals, professional athletes, entertainment professional, and so on. This waiver applies to purchases of up to $5 million at a maximum LVR of 90%, meaning you only need a 10% deposit of the purchase price. Other conditions may apply depending on banks/lenders.

10.01.2022 RBA cut cash rate to all time low of 1.25%

03.01.2022 Changes will be made by the banks/lenders in relations to how they calculate your borrowing capacity in the coming weeks. Call me to find out more.

02.01.2022 RED HOT DEAL!!! Home loan rates from 3.48% p.a.RED HOT DEAL!!! Home loan rates from 3.48% p.a.

01.01.2022 The Government's income tax cuts have been passed through parliament. What does it mean for you?

01.01.2022 2 years home loan fixed rate from 2.99% p.a. (Comparison rate 3.62%). You are not seeing things and its not a typo. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.2 years home loan fixed rate from 2.99% p.a. (Comparison rate 3.62%). You are not seeing things and its not a typo. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.