Base Home Loans in Perth, Western Australia | Financial service

Base Home Loans

Locality: Perth, Western Australia

Phone: +61 422 271 888

Address: 355 Scarborough Beach Rd, Osborne Park 6017 Perth, WA, Australia

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

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25.01.2022 Cheers to the EOFY (but obviously cheersing with toasty warm bevs because a) freezing and b) school night ). The end of the calendar year is clearly more glamorous but the EOFY is arguably more significant in terms of our tangible goals especially as they pertain to our finances and businesses. So Happy End of Financial Year. The end. Ya did it. Its over. Tomorrow you get to bring a new mindset, make new beginnings or perhaps tweak your action plan in the pursuit of your goals. And that sounds pretty damn exciting to us

24.01.2022 Delighted to say were back doing face-to-face appointments, however our option to get it done over phone, email, FaceTime or zoom will remain in place. Were all about giving you the option that works for you, including the time, place and channel! Huge thanks to our amazing clients who trusted us to get the job done for them in the midst of #ISO. Theres still huge flow on effects for some of the banks in terms of the time its taking them to even look at applications, due to their offshore operations, so please please get in touch with us first to make sure youre aware of which lender is best placed to help you - especially if your finance approval is time sensitive.

24.01.2022 Great working with Daniel and the team to purchase our new family home. Despite it being a very trying and busy period over Christmas/ COVID/ crazy market conditions, Dan made himself available and worked very hard to meet our needs. We'll be sticking with Base Home Loans, and encourage everyone else to give them a go! ~ Dain

24.01.2022 We just took a little jaunt down south to refresh and recharge, ready for a busy few months ahead. As always, we found ourselves deep in conversation, the perpetual revisiting of ideas and dreams, the could we? And the should we? And the what if? And the maybes...that Im sure any visitor to the beautiful south west is familiar with. At the end of the day, its the percolating of new ideas that allow us to check in with our goals and maybe make a little tweak here and there. Are we on the right track? Are we still in alignment with our goals? Are we still happy with the timing? Do we need to scrap the lot and go back to the drawing board? Wed love to chat about where youre at in the grand scheme of things and how we can help expedite anything that needs happen to get you where you want to be

24.01.2022 Happy Mothers Day to all the super heroes out there and thinking of those without their mummas today too hope you all get a moment to yourself for a HOT cuppa today

23.01.2022 W I N T E R S O L S T I C E Hard to believe were at that turning point already with the weather in Perth today but believe it or not its the shortest day of the year. The longest night. Another chance to reflect and reset and start working towards those goals you want to see come to fruition in the new year. So spend some time tonight if you can in quiet reflection and set your intention for the days ahead. And as always, feel free to get in touch if you happen to need a loan to make those goals happen

23.01.2022 The big man comes tonight! So, while we brace for the onslaught of overexcited children and all the joy that brings , we’d like to take this opportunity to wish you a Merry Christmas! Of course it wasn’t the year we expected but it’s been downright inspiring to see our home loan clients persevere, pivot and ultimately make serious progress in the face of it all. As a business we certainly felt the global spread of uncertainty. It’s a year we won’t forget because we have learnt so much, and while we acknowledge those who have unduly and unfairly suffered, we applaud those who have picked themselves up and simply endured. Big ups to you because if you got it done this year, what else are you capable of? Wishing you all lots of Merry-ness and magic this Christmas and we’ll see you on the flip side

23.01.2022 Happy Fathers Day to all the dads, daddys and daddas out there, big love to everyone missing theirs today and strength to those wishing and waiting to become one. As Dans crew, were in awe of the way he loves and supports these littles, while still being an exceptional broker. What you dont know is that behind the scenes, he is moving mountains every. Single. Day. To make it work. Late nights and weekends are standard. In fact, hes probably texting a client in this photo. Who says men cant multi task?

23.01.2022 : What are the benefits of IO loans? Smaller repayments. During the IO period of the home loan, your monthly repayments will be lower than with a P&I loan. Improved cash-flow. Lower repayments mean you could use your cash for other purposes that may be financially beneficial - pay off debts, make other investments, fund a loan to purchase another property, or pay the cost of additional educational qualifications that may increase your earning p...otential. Maximise tax benefits for property investors. The interest on an investment property debt is usually tax deductible for property investors, as long as you follow the ATO rules. It should be noted, however, that owner- occupiers will not receive any tax deduction for interest if you take out an IO loan. Please speak to your accountant or financial planner to discuss if an IO loan is the right option for you. Benefits are ongoing for the life of the IO term. You can often choose an IO term of one, three, five or 10 years. This can be very beneficial for tax minimisation strategies and financial planning purposes, so please speak to your accountant or financial adviser to find out how to make it work for you. Things to consider You may not build any equity. IO loan repayments do not help you to pay off the principal and build equity in your property. If property prices do not rise during the IO period of the loan, you will not have improved your financial situation. You may also be at financial risk if property prices should fall during the IO period. The loan reverts to P&I as soon as the IO period ends. If you take out an IO loan, you should plan for the end of your IO period. At that time, some lenders may allow you to renegotiate another IO term. Otherwise, you can plan for increased repayments, consider refinancing the loan, or selling the property. Not all lenders allow extra repayments during the IO period and the availability of additional features such as an offset account will vary between lenders and loan products. A loan with an IO period will cost more in interest over the life of the loan, than a loan that has P&I repayments from the outset. See more

22.01.2022 Are you getting donuts from your bank? Donut worry - we can help you refinance. Even Reserve Bank of Australia (RBA) governor Philip Lowe has thrown his support behind the fresh rise in home loan refinancing, as mortgage interest rates fall to historical lows. In an online speech on Tuesday, Dr Lowe said it was worth shopping around and asking for a discount on their interest rate. I encourage people who haven't already taken up the opportunity to do that to look at their mo...rtgage rate and look for a better deal, he said. I've been very pleased to see the amount of refinancing going on, he said. (Through refinancing), people get a better deal, it frees up some cash flow and it puts some extra competitor discipline to the banking system. Dr Lowe added that the real estate market has held up as well as I would hope, and the state of market would be determined largely on the jobless rate and the availability of work, particularly for younger Australians.

22.01.2022 Couldnt of said it better Bruce

22.01.2022 Time to crack on with the mood board guys as your dream of building or renovating just got closer. The Government has today announced that those looking to construct a new home in the next six months may be eligible for a stimulus of $25,000 with an additional $10,000 for first home buyers. More info including income thresholds for eligibility can be found by clicking on the following link:... https://treasury.gov.au/coronavirus/homebuilder

22.01.2022 You’ve likely heard the news this month that the Reserve Bank of Australia (RBA) has held the official cash rate at 0.10 per cent for March in its second cash rate call for 2021. In his widely anticipated announcement, RBA governor Mr Philip Lowe addressed the property market, and observed that housing credit growth to owner-occupiers has increased, but investor and business growth has remained weak. He added that lending standards have remained strong, and said that it is i...mportant that they remain so in an environment of rising housing prices and low interest rates. AMP Capital chief economist Shane Oliver said that if property market prices continue to rise (as it has been of late with a near 18-year high in price gains in February) increasingly led by investors, it could prompt the RBA and the prudential regulator to re-tighten lending standards from later in 2021. "We expect action to do so ahead of the first rate hike. This is likely later this year or through 2022," Mr Oliver said. The take out? As usual no one bloody knows for sure. But it’s certainly hot out there at the moment so if you need to ask the question, whatever it may be, now is as good a time as any

22.01.2022 We’re halfway through January so how’s your energy tracking for 2021? Did you start your year with some massive goals in mind but already feel like you’ve slipped back into your old thought patterns? Have you chastised yourself for even thinking it could be different this year? Have you gone back to the same old excuses, holed up in your comfort zone, with no motivation to change? Here’s your wake up call. New year, new moon, whatever impetus you like - your goals or intentions don’t have to be tied to a date or a time. Life is busy. It will always be busy - it’s up to you whether you’re going to play big or small.

22.01.2022 Youve got a million things going on. We get it. We. Get. It. School and work and grocery shopping and doctors appointments and why dont any of the socks match anymore and did we pay the car rego and the kids need new clothes (again) and its time we did our tax return (from last year) and get our skin checked and finish painting the fence and should we get a dog? Life is busy and messy and your home loan can sometimes get a bit forgotten in amongst the other stuff. But really, if its been a while since you looked at it, now would be a really good time for a review. And with the right broker on side itll be one of those things you wished you hadnt put off.

22.01.2022 Hey. With everything going on right now this is just a quick reminder to stay in your lane. Stay focused on YOUR goals. Dont get caught up with what everyone else is doing or not doing. If it wasnt in the plan to build a house in the next 12 months, dont feel like you have to rush out and make it happen because theres an incentive to do so. Stay focused. Youre doing great.

21.01.2022 Guys. We dont want to alarm you. But its freakin the middle of June. The rona kind of ate up the first half of the year and probably put a huge question mark over your original plans for 2020. So what now? Have you managed to pivot? Are you back on track? Or are you floating and floundering ? Paralysed by the whats ifs and the unknowns... If your goals have changed, thats totally fine. But you should ask yourself why they have changed. Make sure the reasons why make sense to you and arent simply just an excuse to give up because its too hard. So the question is - are you reevaluating or rebooting?

21.01.2022 Happy Halloween and whether it’s your thing or not, we know a sure fire way to spook you! Ask us what you COULD be paying on your home loan Vs. what you ARE paying...if it’s been a while between refi’s then that number could be really scary. Side note: HUGE thanks to our lovely clients who have referred friends along this week. There’s been quite a few and we couldn’t be more grateful! Thanks thanks thanks

20.01.2022 How do banks calculate your living expenses? Lenders will: * Use the Household Expenditure Method (HEM) based on your family size and income because it is considered unreasonable for someone to spend less than HEM each month.... * Ask you to self-assess your living expenses on your home loan application form. * Review any bank account (cheque or savings accounts) or credit card statements they have access to in order to confirm your self assessment. * Either accept or adjust your stated expenses to match your bank account history. * Take the higher of the above living expense assessment methods to calculate your living expenses. What is the Household Expenditure Method (HEM)? The HEM is the benchmark that banks use for living expense allowances based on the size of your household, whether youre a single applicant, a couple or you have dependents. In addition to this, banks will cross-check this with whether youre living in a metro area versus a non metro area for each state. As you can imagine, it can get quite confusing and convoluted, but Dan can give you a quick indication of where you sit after a quick phone call or email.

20.01.2022 Executive board meeting where it was a unanimous vote for going to the basketball court when daddy finishes work. #WFH works for us most of the time, apologies for any clients who might cop an ear bashing courtesy of these monkeys from time to time

20.01.2022 Theres only one thing that makes us happier than meeting a client for the first time, and thats helping them again and again and again until we look back over a number of years and marvel at how much theyve achieved Always so humbled by the trust and support from our long term clients.

19.01.2022 Today and every day we admire and celebrate the strong, independent, high calibre women we are honoured to know. Family, friends, clients, partners, team members, partners, colleagues, and mentors. Across the seasons, we see you and we too rise to the challenge to better understand how we can support you. #IWD2021

19.01.2022 Calling all First Home Buyers! We have just 15 spots available for our premiere online event Finance for First Homebuyers Masterclass. Learn everything you need to bring you up to speed and help you to capitalise on the current financial climate and Government incentives. With interest rates at historical lows, youve probably been wondering if NOW is the time for you to bite the bullet and get started on your property journey by purchasing your first home. ... With the recently announced Federal and State (WA) Government announcements regarding First Home Buyer Grants, we can tell you that the answer is most definitely YES. But you have questions. Probably lots of them. Of course. We get it. In a situation such as yours, knowledge is power. And thats where we come in. Were here to literally hold your hand through the whole process, and the best part? Using a broker comes at no cost to you. How good is that? So, if youre ready to equip yourself with the stuff you need to know now, presented by a down-to-earth, experienced mortgage broker, then this your chance. Were excited to share our insider knowledge in an intimate group setting online where youll have the chance to ask questions. Youll also have the opportunity to ask questions and book a one-on-one appointment with Daniel should you wish to take the next step. Were so excited to help give you the knowledge and the confidence you need to get started on your journey of home ownership! Register now: https://www.eventbrite.com/e/finance-for-first-home-buyers-

19.01.2022 Chipping away at the Reno’s before Christmas?? Your plans keep changing. Pinterest keeps calling. Your creative side has been unleashed and your budget can’t keep up. Oh man, building and renovating can be so mentally (and of course financially) draining. Refinancing can help with one part of that equation if you need a little extra bringing your mental masterpiece to life.

18.01.2022 Broker and chill baby... Still unsure how using a mortgage broker can be more valuable than going straight to your bank for your home loan? Well, the main difference is that we actually care and were on your side. Were human too. We understand that life has ups and downs, good bits and not so good bits, and that sometimes you just need someone to sit down with you and really listen. Need more convincing? Allow me to elaborate: With a panel of 40 Lenders and over 300 loa...n products available a broker can give you access to more options than if you were to go directly to your bank. Well guide you through the entire process, step-by-step, liaising with real estate agents and settlement agents on your behalf, to save time and streamline your purchase process. Brokers grow their business on referrals and realise the value of customer service, the people at the bank are on a salary and, to them you are just a number. We always have a plan B if Plan A doesnt work. The bank is likely to turn you away easily if you dont fit their mould. You always have direct access to your broker via mobile phone or email. We work 7 days a week, along with evenings to fit in with your schedule. EXHIBIT A: Dan is still working 8:45pm on Friday night. Standard. Were here for the long haul and will keep in touch to make sure your loan remains suitable for your circumstances for years to come. Using a broker to help with your loan will (in most instances) COST YOU NOTHING. We are paid a commission by the lender upon the settlement of your loan. Our main man, Daniel, is well known in the industry, having been a finalist for a number of industry awards, as well as winning several state awards. Were here to help so you can take the pressure down (cos I can feel it, its rising like a storm)

17.01.2022 MAY IN REVIEW Grab yourself a cuppa and reflect with us on the month thats been while we fill you in on everything finance. > The RBA Kept rates on hold at 0.25% at their monthly meeting in May ... > The RBA reaffirmed the rate would not be increased "until progress is being made towards full employment and (the RBA Board) is confident that inflation will be sustainably within the 2-3 per cent target band" > Homeseekers are remaining active amid the COVID-19 outbreak, with search activity and enquiries still rising, according to REA Group. (Buyer-search activity on realestate.com.au has increased by 46% across the country. This boost in search activity has resulted in a 24% increase in enquiries.) > Banks and lending institutions have deferred around 429,000 mortgages as of 16 May, equivalent to a total value of $153.5bn. ABA said this translates to one in 14 mortgage borrowers. > Fixed home loan rates are the lowest theyve been, and it might be a good time to take advantage of this ultra-low interest environment. (ANZ has just raised rates by 10 basis points on two key residential home loan products, both fixed for two years so we might start to see other fixed rates also creeping up).

17.01.2022 The long days, the late nights, the after hours...it all becomes easier when you discover your WHY

17.01.2022 Last few days to register for our FREE info seminar for First Home Buyers. Its a small group, its online and itll give you the confidence you need to make informed decisions about your home ownership journey.

16.01.2022 R E L A X > > who would’ve thought that using a broker in 2021 could be ever actually be considered relaxing. As far having complete peace of mind that your broker is acting in your BEST INTEREST, it’s now absolutely the way to go. The Best Interests Duty for mortgage brokers officially came into effect on 1 January 2021 - a statutory obligation for mortgage brokers to act in the best interests of consumers (best interests duty), and to prioritise consumers’ interest when pr...oviding credit assistance (conflict priority rule). These two obligations are collectively referred to as the Best Interests Duty. As far as our clients are concerned, nothing has really changed, it’s very much business as usual since we always acted in your best interest anyway. However, all mortgage brokers are now legally bound to comply with an onerous raft of compliance requirements outlining the details of why we recommend one loan product over another. So while our core service and philosophy hasn’t changed, there is A LOT more work going on behind the scenes to satisfy these new requirements. You can take a lot of comfort in that. Also, did you know that the Best Interests Duty doesn’t apply to banks? Food for thought isn’t it...

16.01.2022 ? You don’t even have to get out of bed to get your home loan sorted with me. That’s right. Everything can be done online with zoom, FaceTime, email and docusign. This is how we help our expat clients manage their portfolios in Australia but also how we help plenty of local clients who can’t find the time, or simply prefer not to meet face to face. You can start right now by sending me a brief outline of what you need and we can go from there

16.01.2022 Thrilled to hear that Base has been named as a finalist for Best Independent Office (5 Brokers or less) in the Better Business Awards 2021. These awards recognise the leading players in Australia’s mortgage and finance broking industry on a state-by-state basis. The awards program champions the individuals and businesses from each state and territory within Australia who are leading the way and who best demonstrate effective customer service, strong business strategy, and ...good consumer outcomes. As always we only have our clients to thank for allowing us the privilege of reaching heights like this, so thanks to one and all of you legends out there

15.01.2022 T minus 12 hours until our Finance for First Home Buyer info session kicks off online.. We still have a few spots available if youre keen to learn how to capitalise on the current climate of low interest rates and government incentives - youll find a link to the secure your FREE tickets here: https://www.eventbrite.com/e/finance-for-first-home-buyers- Hope to see you there 11am tomorrow (Sat) AWST

15.01.2022 Are you paying lazy tax on your home loan? Havent heard of that one? Well, before you jump on the phone to your accountant for an explanation of whether its something you can claim againstread on. Lazy tax as it applies to your home loan is basically the amount you are paying above the best available interest rate on the market. So why have we coined the term lazy tax to explain this all too common phenomenon? Because lots of us are paying it, for no reason other than... were too lazy to check, content with just leaving things the way they are for fear of upsetting the apple cart or just creating more work for ourselves to refinance. Well, what if we told you that simply by agreeing to pay your lenders advertised interest rate, you could be overpaying your home loan by a staggering 0.8%. Keep in mind thats just comparing averages. Its highly likely that we can find you a rate that is lower than average, resulting in monthly savings that are more than you might expect. The best part? You can continue to be as lazy as you like since we do all the hard work for you. Its possible that we might also be able to suggest some other ways to help you save further or pay down your mortgage sooner.

15.01.2022 Its ok if youre comfortable. Its more than ok! If youre in that space where home is your haven and you couldnt even think about leaving... but your best friend just built a brand new house and its amazing....and your sister just bought her 3rd investment property....and your boss has his home on the market and it feels like you should do something too. No. Its ok to be content where you are - thats the elusive place so many are seeking. Revel in it and care not for the ever alluring adventure of the realm of real estate. You dont always have to be pushing and chasing down the next thing. That time will undoubtedly come again as your aspirations come tugging ever so gently. Being still is sometimes just what we need in more ways than one

13.01.2022 Just casually strolling into the last week of winter sending some serious SPRING vibes of hope, renewal and growth for anyone feeling that way inclined and feeling all the feels for the exciting moves in the pipeline for our clients. We cant help sharing in the joy and excitement of those families who have finally secured a home with a backyard for their children to play in, the first homebuyers who finally get to put down some roots and the returned expats who are getting reacquainted with the WA lifestyle

13.01.2022 Wishing you all a wonderful, safe and happy Christmas from the team at BASE HOME LOANS. Thank you from the bottom of our hearts for your support this year and we hope to catch up with you in 2021

12.01.2022 Whats your next step? Do you have something youre working towards, or are you in some kind of limbo? Are you saving, watching, waiting? Or are you ready to pounce? Maybe youre ok right where you now...but maybe youre not. Do you know where you want to be but just need help with what direction to take? Or are you completely lost? No matter where youre at right now, we can meet you there and figure out a way to move you forward to that next step. Were like personal trainers for property, without all the sweat and we do all the work

12.01.2022 A space just for you. Maybe a furry friend or two. And no one to tell you what to do. If youre sick of renting, or if its time to leave the nest, now is the time to seriously consider your options. Even if you dont have enough deposit, you may be able to use a guarantor loan - and if you dont know what that is then weve got your back. Our latest blog covers all the basics. https://basehomeloans.com.au//going-guarantor-whats-invol/

12.01.2022 The repayment on your mortgage will always include the interest payable on the amount borrowed, no matter what kind of loan you have. If you have a principal and interest (P&I) loan, part of your repayment will also be allocated to reducing the balance of the loan. With an Interest Only loan (IO), your repayments only pay the interest that is due and do not reduce the balance (or the amount you borrowed). As a result, an IO loan can only be obtained for a limi...ted period (usually up to five years). At the end of the IO period, the loan will automatically convert to a P&I loan unless you make an application to extend the IO period. Who should use an Interest Only loan? IO home loans are not designed for every type of borrower. For example, they are not recommended for standard owner- occupied home buyers. In this scenario, the less you pay off the principal amount, the more you end up paying in interest over the life of your loan. Your repayments are likely to be a lot higher as well, so there are very little benefits to an IO loan for owner-occupier home buyers. However, IO loans can be very useful for property investors that’s because the interest on a loan for a property investment is usually tax deductible. In this scenario, an IO loan can help an investor to arrange their finances to maximise their investment strategy, tax advantages and cash-flow. How do IO repayments differ? You can expect your repayments to be lower initially if you commence your loan with an IO period. However, while the IO period is in place, you can also expect to be paying a higher rate of interest than if you started with P&I repayments from the outset. At the end of the IO period, your repayments will increase to cover repayments on both the principal and the interestso you can expect this increase to be significant. You also need to consider the period left to pay off the principal is reduced, which could drive up your repayment amount even further. Because IO repayments will result in you paying more interest over the term of the loan, this option should only be chosen to fill a requirement that you havesuch as maximising your tax advantages.

12.01.2022 In what may come as the least surprising news youve heard all week - the RBA left the cash rate on hold at their July meeting. The general sentiment behind their decision this month is uncertainty. But if you were looking for a glimmer of hope this fine Friday morning they did offer this: Conditions have, however, stabilised recently and the downturn has been less severe than earlier expected. While total hours worked in Australia continued to decline in May, the decline wa...s considerably smaller than in April and less than previously thought likely. There has also been a pick-up in retail spending in response to the decline in infections and the easing of restrictions in most of the country. We can also tell you that theres a lot of people making their own moves right now. Weve been experiencing a higher than usual request for pre-approvals along with a high level@of refinances and new applications underway. See more

11.01.2022 We were very happy working with Daniel who secured our home loan in a very tight turnaround deadline. Daniel is very market aware and answered every question we had very quickly. He knew how important the purchase was to us and did everything he could to get us over the line in time with no stress on his part. Highly recommended. ~ Nollaig. Read more of our 5 reviews on google

11.01.2022 We realise that a lot of our clients (obviously) not first home buyers. So, a lot of the frenzy surrounding the current building grants may not always be relevant. Although, if you havent seen the latest announcement from the WA government you should definitely go and check it out to see if its something that may interest you (who isnt interest in $20K??), as you dont have to be a first home buyer to be eligible. HOWEVER, something that always needs more air time is gua...rantor loans what are they, how they work, and how they can be useful for you and your family. We frequently come across people who have never heard of a guarantor loan, and when they do, are not sure how to broach the subject with their parents or relatives. Similarly, potential guarantors are not across the details of whats involved and how it all works. Guarantor loans have become very popular in recent years as they can cost less than standard home loans, they allow you to buy without a deposit and some lenders now allow you to limit the size of the guarantee. Our latest blog (https://basehomeloans.com.au//going-guarantor-whats-invol/) will give you basic overview before you determine if this is something that may be an option for you and your family. Topics like this and more will be covered in our First Home Buyers online seminar this Saturday!

10.01.2022 Sometimes we only see what we want to see. We only hear what we want to hear. We are conditioned in such a way as to look in a mirror and see only what we believe to be true. To deep for a mortgage broker you reckon? Not if were talking about your home loan portfolio. Theres usually something you missed or money youre not saving hiding in plain sight - if only you had someone with fresh eyes to reveal it to you

09.01.2022 Yes, WE ARE OPEN. In fact, we’re never really closed. Dan is always on call, as we know that the time YOU have off is often when you need us the most. So if it’s a quick question about borrowing capacity or guarantors or equity or interest rates or pre approval, we can help and we can make it happen NOW.

09.01.2022 Sunday May your coffee be hot and plentiful and you get a few minutes to contemplate the week ahead and connect into some positive energy - its out there

08.01.2022 With fixed rate loans currently offering very competitive terms, people are often confused and torn about what to do - fix or stay variable? As always, it’s a very different set of circumstances for everyone but one option worth considering is a split loan. Why don’t we have both? Benefits of a split loan... Split loans are a comfortable compromise that allows you to enjoy the benefits of both types of mortgagesvariable and fixedat the same time. The fixed rate portion of a split loan offers you some security and protection against sudden interest rate rises. The variable rate portion of a split loan provides flexibility and allows you to take advantage of decreases in interest rates. You can often make extra repayments on the variable portion of the home loan, which could help you pay it off sooner. If you choose a variable and fixed portion split, your variable portion can have additional benefits such as an offset account or a redraw facility. There are no restrictions on how you split your home loan. For example, you can split your home loan down the middle 50/50, or you can split it 30% variable and 70% fixed. However, most lenders only allow two splits. Things to consider You may miss out on potential savings on the fixed portion of your loan if interest rates should fall. You will pay more on the variable portion of your loan if interest rates rise. There may be additional costs associated with this type of loan. If you need to pay out the loan early within the fixed term, early repayment costs will be charged. Consider where you want to be in the next five years. This will help you choose a loan with features suitable to your goals and objectives. Get in touch if you’d like to learn more about the current fixed rates and discuss the most suitable option for your mortgage right now.

08.01.2022 The RBA kept rates on hold at 0.25% at their August meeting. Its expected the central bank will stay on the sidelines and hold off on executing any further cuts even as several states struggle with renewed outbreaks of COVID-19. However, while little activity is expected in terms of official cash rate movement, lenders have still been initiating further rate cuts for home loan customers, with borrowers encouraged to pursue a lower rate, even if theyve bee...n on a six-month repayment holiday. Strong market activity has been reported in Perth, with selling volumes across both dwelling and land sales up 68 per cent in July compared to April 2020. REIWA President Damian Collins said whilst sales activity was quiet during the initial stages of the COVID-19 [lockdown] restrictions, it is great to see levels pick back up to where they were before the pandemic hit. According to new research involving a monthly analysis of loan originations 82 per cent of mortgage-holders who refinanced their loan over the past 12 months switched lenders. We can confirm we've been helping a diverse range of clients with their finance and refinance needs over the last few months and anecdotal evidence suggest that Perth may see an influx of new property listings as we come into Spring so hold onto your hats

07.01.2022 Coming to the end of your term on a fixed rate loan can feel liberating but also intimidating. Kinda like being in a relationship for a long time and then suddenly finding yourself single. It’s been a while and it’s a whole new kettle of fish out there. Much has changed, as well as stayed the same. But all of that can feel like a lot and it might be difficult to know where to start or how to get up to speed, back on track, back in the game. It’s a chance to update your home loan and take advantage of the current low rate climate. If you’re coming up to the end of your fixed rate term and want a quick refresher of what’s on the finance and property horizon, then we got you boo

07.01.2022 Your home loan is basically just like baking a cake. Anyone can do it, sure. But the best cakes are made from premium ingredients and a level of skill. Skill that is often honed over years, decades, and beyond. So yeah, crack on if youve got some spare time and the inclination. Hit up google for a recipe and have a go. Many before you have done the same. But just like those cakes, the stress of it soon takes a toll. It looked so easy from the outside - they said. Maybe ...the oven was too hot. One of the measurements was just a little off. Maybe the kitchen was too humid. The bowl wasnt quite dry. The eggs werent quite fresh enough. They didnt realise the layers upon layers. That if things werent treated in the proper way, the cracks would soon show...and, dare we say it, the whole thing crumbles and turns into an awful mess. There is nothing quite like the heartbreak of a failed bake. Unless its your home loan See more

07.01.2022 No thank YOU Al nothing brings us greater pleasure than getting the tough ones over the line

07.01.2022 Happy New Year to our friends - old and new. As we step ever so quietly and cautiously into 2021, with or without ostentatious goals or resolutions, we must endure. Knowing what we’ve always known. The future is as uncertain as it has always been. There are no guarantees. There are no promises. There is only hope. So here’s hoping 2021 brings you and yours some good fortune.

06.01.2022 The State Government of WA has just announced an additional boost for would-be home builders. This is on top of the Federal Govts incentive announced earlier in the week. Were currently putting together a FAQ which we will share during the week. Leave your question below to make sure we include it for everyone or DM, phone or email Daniel to see where you stand

06.01.2022 Your story is unique. It’s important. You are important. We thoroughly believe that. My story is a huge part of how I’ve built and operate my business. It’s faceted and complex but it’s all led me here and for that I’m truly grateful. Bianca and I haven’t had a straight line, easy path to this point. It’s been full of twists and turns and challenges, we’ve had to stop and regroup and check in and restart many times. It’s required strength and resilience and grit and determination and faith on both parts. I’ll share more about how Base Home Loans came to be one day but for now just know that, like you, I have a story too. And that story makes me able to relate to you, to support you and to help you...and with empathy and respect I’ll be there for the next chapter right there with you.

04.01.2022 Beware the smoke and mirrors of home loan cashback deals. Used to lure new borrowers, cashback deals come in many shapes and sizes and with varying amounts of smoke per say. Often there is no conditions on how you spend the cash, paid when your loan settles and the funds can come in handy for covering any purchasing costs you may have incurred or even paying the discharge fee on your old loan or the upfront fee on your new one. Options galore right? Right?? Its important to... weigh it up and consider how much the loan will cost you over the long run before you get carried away with having an extra couple of G in the bank. Generally, the more features and benefits offered by a home loan, the more it may cost in fees and interest charges. If a home loan with a cashback deal charges higher interest rates or fees than a more basic no-frills home loan, it may end up costing you more in the long term, even accounting for the value of the cashback deal. How do you make sense of it all?? See more

04.01.2022 Australia's official interest rate has been kept at an historic low of 0.25 per cent. Despite the Victorian Government imposing stage 4 restrictions across Melbourne on the weekend to contain a second wave of COVID-19 infections, the Reserve Bank board has chosen to keep interest rates on hold. Last month, Reserve Bank governor Philip Lowe raised the prospect of cutting rates further if necessary, perhaps to 0.1 per cent, but the board held off on taking further action at tod...ay's meeting. In today's post-meeting statement, Dr Lowe said Australia's economy was experiencing its biggest contraction since the 1930s, but the downturn was not as severe as earlier expected and a recovery was now underway in most of Australia. Check in with us if you need an idea of where you currently sit, if its time to refinance or youre thinking of buying soon.

03.01.2022 This is your welcome reminder that you don’t need more stuff. Buying something you need on sale can be a great way to save money, but buying things just BECAUSE they are on sale is not the cleverest of moves. We harp on about this around the same time every year but if you’re drawn in by the sales at this time it’s worth another mention: Afterpay will not be AFTERYAY if you’re interested in buying a house or refinancing anytime soon. We’ve touched on this before, but it’s... important to note that, even if you’re a pro at managing your money every month, avoiding additional interest charges etc. by using this service, every transaction is registered on your credit file, and your credit file is the first place lenders will look to see if your an eligible candidate for borrowing their money. Afterpay has become extremely popular in today’s materialistic, want-it-now culture, but we urge you to think twice before you buy this way. If you really need it, wait until you have the money. You’ll probably find you’ll have forgotten about it altogether by then and can save the money instead! See more

03.01.2022 Look, the way 2020 has been - building something like this seems like an excellent idea but seriously...maybe life as you once knew it seems completely unrecognisable at this point in time. Theres no doubt weve ALL been forced to look inward, reflect, realign. So maybe things have gotten off track for you, or maybe you just want something different now. Maybe you dont. Maybe youre happy with your lot in life, and thats completely fine too. But there is ALWAYS a way forward regardless of where youre at.

03.01.2022 It’s a jungle out there. Anyone half interested in the property market at the moment will know that supply is definitely outstripping demand in the midst of this record low rate, COVID cloud. Agents are seeing record numbers through home opens and often multiple offers presented soon after. If you’re in the market you need to be strong on the finance side, doing whatever you can do to edge out your competition. That might be as simple as a pre-approval so you’re ready to go, with confidence. It will also streamline the finance application process, and reduce the risk of any unforeseen issues/delays. Ready to get started?

02.01.2022 by definition: a recommendation that is authoritatively put forward. For medicine, for skincare, for glasses. When you need to know it is highly tailored to your unique requirements by someone with the qualifications to make such deductions based on the information provided by you and by what might be otherwise apparent. Sure you can try to fix the problem yourself with over the counter type propositions, but it just probably won’t be right and could even make it worse in the long run. Your home loan is not dissimilar in this way. Getting it wrong with bodged up diy job might prove very costly in the long run. And most of the time using a broker to prescribe the right loan for your exact needs actually doesn’t cost you anything other than your time, and even that is pretty minimal!

01.01.2022 Its time to bunker down and get cosy - the cash rate is channeling these little dudes and not going anywhere anytime soon. The RBA announce at their May meeting today that the cash rate will remain on hold at 0.25% with analysts predicting we wont see a move upward for possibly 2-3 years. Theres no denying things have been better and our hearts really go out to anyone who has been affected by job losses or pay cuts. If there is anything we can do to help you access the support you need from your lender then please get in touch. On the flip side, if youre fortunate enough to be relatively unaffected its a great time to refinance with rates in the lower realm of the 2%s.