Coastal Loans by Paul Hamilton in Hillarys, Western Australia, Australia | Mortgage brokers

Coastal Loans by Paul Hamilton

Locality: Hillarys, Western Australia, Australia

Phone: +61 400 815 152

Address: 12/110 Flinders Avenue 6025 Hillarys, WA, Australia

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

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25.01.2022 We do much more residential #homeloans... Tonight's focus... SELF MANAGED SUPERANNUATION FUND LOANS (#SMSF) If you have a self managed super fund or are considering establishing your own super fund, a properly structured SMSF loan will allow your fund to acquire a real state asset for capital growth and return.... The returns on the investment, whether that’s rental income or capital gains, are funnelled back into the super fund, increasing your retirement savings. SMSF loans are also known as limited recourse borrowing arrangements (LRBAs). It's considered a limited recourse loan, because recovery of the loan is limited to the security property, in the event of default other super fund assets are not at risk. Interested in learning more? Talk to me today!

25.01.2022 Unless you've been living under a rock, you've probably heard that we've officially entered a #recession. So... what will happen to property prices now? That's going to be a question we're hearing a lot in the real estate industry. Well, it's anyone's guess. While every man and their dog is predicting a percentage fall, I personally think we can't know for sure... It's going to be a 'wait and see'.... Though interestingly, during the 90's recession, house prices didn't fall as a result... they remained stable.

24.01.2022 We’re ending 2020 with a bang with properties across Perth selling at the fastest rate since 2006, and 2021 looks to be no different according to experts... HAPPY NEW YEAR indeed

24.01.2022 ''Number 1 Mortgage Broker in Perth!'' (Their words, not mine ) ''Cannot speak highly enough about Paul and the dreams he has helped our small family to achieve. From buying our first house, refinancing several times to now building our dream family home. We've known Paul now for ten years and can say he provides a truly genuine, trustworthy and honest service. He truly goes above and beyond to make the journey seamless and to advocate for us at every stage. It is a plea...sure to be able to work with Paul to achieve and maximise our financial goals.'' Review submitted by David Emerson (new purchase) on 15th Aug 2020 // RateMyAgent

23.01.2022 Congratulations to all the winners at the prestigious reiwa.com awards last night! Some seriously impressive team, individual and office results! A special mention to The Agency who took out the Top Office by Listing and Value Sold title, Realmark Coastal for winning the Top Medium Office award and DUET for taking home the Top Small Office award.

23.01.2022 Its not all finance... being a dad is my favourite role HAPPY #FATHERSDAY to all the awesome dads out there! A rare pic of the gang- my sister, dad and two boys!

23.01.2022 According to REIWA, last weeks house sales were 57% more than the 52 week average! Speak to anyone that is currently going to home opens and they will tell you how busy it is.

23.01.2022 The bulk of my business comes from referrals, so when clients take the time to review my service and recommend me to friends, Im always very grateful! Thank you Ashely, and congrats on your awesome new pad! Paul was recommended to me by a dear friend and was professional from the first contact. I work away and often in areas of poor mobile coverage and Paul's patience was fantastic. Paul was available to me 100% of the process and explained the each step in detail, not ...only assisting me on the home loan but also putting me onto a super proficient settlement agent. I would have absolutely no hesitation recommending Paul to ant prospective buyer and shall certainly seek him out for all my future finance needs. Review submitted by Ashley Simmonds (new purchase) www.ratemyagent.com.au

22.01.2022 Talking all things #Guarantors... When applying for a home loan, most lenders will want to see a min 8% deposit saved plus purchase costs and there’s little way of getting around it... unless of course, you access the Bank of Mum and Dad. In other words, your folks go #guarantor for you. So what’s good about this option and what’s not so good? For the borrower it means that you can potentially buy a house without having a 5% deposit.... As part of the borrower’s loan is secured by the guarantor’s property, the risk to the bank is reduced. This means that the lender doesn’t need to charge Lenders Mortgage Insurance (LMI) and the interest rates offered are generally lower. These two things can potentially save thousands of dollars for the borrower. Risks to the guarantor... On the flipside, while there is no need for the borrower to pay Lenders Mortgage Insurance it does pass the risk to the guarantor. Quite simply, if the borrower doesn’t pay the loan, the guarantor will ultimately be responsible for that debt. If the guarantor is looking to buy other property, or lend against the equity in their home, it can also limit their options as part of their equity will be used by the borrower. Before considering being a guarantor there are some key things that you should look at first. Do your research Ask lots of questions and do you own research. A qualified mortgage broker can help by providing information in relation to the different lender policies so that you understand your obligations. Obtain legal or financial advice The majority of lenders require a guarantor to obtain legal and financial advice. While this can be deemed as an inconvenience it should also be viewed as a good investment to make sure that you and the applicants understand your legal obligations. If you choose not to obtain advice there are lenders that allow you to proceed on the basis that you understand your obligations. Consider extra Insurance While anyone with a loan should have a level of insurance, it is even more important when someone is borrowing with a guarantor. This insurance could protect the borrower from financial hardship and the guarantor from being lumped with the loan. Discuss an exit strategy Ideally the guarantee will remain in place until such time as the borrower has achieved 20% capital growth or the applicant has paid down the loan by the guarantee amount. As such in most cases, the guarantor should expect to be in place for three years or more.

22.01.2022 Buying an investment property? Good for you! The start of an investment journey can be a daunting but very exciting time, and while there is risk with ANY investment, #property is often on the safer side of the equation (if you’re thinking long-term). Doing your research and understanding your financial position is key to making the right property purchase and obtaining finance that suits your current needs, whilst at the same time does not hamper your ability to set (and me...et) future goals. An aspect I often see clients overlook is the cost associated with an investment purchase, above that related to the actual purchase price. These additional costs may in fact be a decider in whether an investor can afford the property long term. Here are a few key points to consider in your budget analysis: Landlord insurance: Landlord insurance offers an important safety net for investors. It covers both the property’s building and internal structure (permanent fixtures) and it protects you in the event that a tenant may default on rental payments or damage your asset. Mortgage protection insurance: This insurance is another form of personal insurance available to those with an existing mortgage, it will cover you in the event that you are not able to make required mortgage re-payments due to unforeseen circumstances, whether that be illness, injury, death or loss of employment. Lender’s mortgage insurance (LMI): This type of insurance is required by your financial lender if you are borrowing more than 80 per cent of the investment property’s value. Traditionally, lenders require borrowers to have at least a 20% deposit. However, by using Lenders Mortgage Insurance, lenders are able to offer lower deposit home loans. Property management expenses: A property manager can provide valuable assistance right from the start of your investment property journey by arranging public viewings of the property, while also handling all applications and reference checks from prospective tenants. They are especially helpful if you need a second pair of eyes to help manoeuvre the tricky waters of ongoing property management and understanding your rights as a Landlord. A good property manager will oversee the daily tasks and responsibilities of your investment property and most importantly, will facilitate communication between you and your tenant. Happy investing!

22.01.2022 MORTGAGE BROKER OF THE YEAR AWARDS | #TOP5 Pretty happy with this! Thanks to all my clients who wrote me a review over the past few months, it's a real honour to receive an award based on client satisfaction! Probably, the greatest honour if you ask me!

21.01.2022 It's funny just how many people are unaware of this little fact! Spread the word folks - our service is free and will very likely also save you $$! ...not all heroes wear capes

21.01.2022 FINANCE REJECTED... where to from here? It's a buyers worst fear Finding that perfect home, having your offer accepted, only to have finance fall through! It's not ideal... but let's look at where to from here. (However, before I get into it - let me just say that I ALWAYS recommend getting pre-approval first... so that you know exactly what your financial situation looks like). ... If you've done it the other way around though, you still have options. After all, our market is diverse with lenders offering an array of different criteria for mortgages, and one setback does not mean that you wont receive finance through another bank or financial institution. If your finance has fallen through, there are steps that can assist with getting back on track for an approval the second time around. >> Ask why First things first, you need to understand why your application was rejected. Your lender should be able to tell you the reason for their decision which you can then work on fixing. It may have been as simple as missing a question in the forms or as complicated as a poor credit rating. >> Find yourself a good broker Dont just re-apply with another broker. Youll most likely get the same outcome. Our advice is always dont go-it alone. A mortgage broker is your best friend when applying for a home loan. Not only can they compare the market for you to ensure you receive a deal that suits your circumstances, they know what lenders are looking for and can navigate the heavy paperwork and questions to ensure you tick all the boxes. Their services are free, so you have nothing to lose. >> Bad credit history? Very often, applications are rejected because of a bad credit history. Before you apply again, you will need to solve any outstanding issues with your credit file. Bad credit histories are one of the most common reasons loans get rejected and more often than not, the bad rating has come from something as minor as an unpaid phone bill. *Remember to always pay your bills on time- the more reliable you appear financially, the more you will appeal to lenders. >> Debt consolidation If your existing debt was the reason for the rejection you may want to look at clearing some before applying again. Another option could be debt consolidation or reducing your credit card limits. A mortgage broker can advise on the best direction for you. >> Remain realistic One set back does not mean its all over. There are plenty of lender options out there so there is good chance that one will match your needs, but you may need to be more realistic about what you can afford.

21.01.2022 Raided your super during Covid19? It could affect your home loan application. Many banks and lenders are asking applicants whether the pandemic affected their financial circumstances and if you were one of the 2.7 million people who dipped into their super under the early release scheme, you will have to answer 'yes'. If you are applying for a home loan and fall into the above bracket, it may be wise to work with a trusted mortgage broker who can navigate the process for you...

20.01.2022 Thank you James! It was a pleasure making the multi-mortgage process a stress-free one for you! Got the job done!... Paul, took our circumstances into consideration and created a package that fit our requirements for a multi mortgage refinance and new house purchase and made what would otherwise be a difficult process (if dealing directly with the banks) a considerably smooth and stress free experience. He was easy to get in touch with for our questions and concerns throughout the process. Highly recommend Review submitted by James Wright (new purchase and refinance) on ratemyagent.com.au

20.01.2022 Ah... picture summer in one of these babies!

19.01.2022 COMMON QUESTIONS with Paul ''How long do I need to be in my job to get a loan?''

19.01.2022 THINGS HAVE CHANGED A LITTLE... I am very excited to launch my new business, Coastal Loans! My approach has always been based on building relationships and helping people through various phases of life. This is the next exciting phase of my journey and I'm looking forward to sharing it on here with you. ... Thanks to my past, present and future clients for helping me get here! I look forward to offering you the same great service, albeit with a fresh new look. Feel free to drop into my new office at Hillarys Shopping centre (12/110 Flinders Ave, Hillarys)

19.01.2022 Merry Christmas from our family to yours Repping the Coastal Loans hat in the Southwest! Erica didn’t think it went with her outfit...

19.01.2022 Congrats again Bojan, and thank you for the awesome review! It was a pleasure assisting with the purchase of your beautiful home. The Best in WA... As first home buyers the process of applying for a mortgage was quite daunting. Paul instantly put us at ease and helped us navigate the process. He is brilliant at his job and also genuinely lovely to deal with. Swapping stories with friends has made us appreciate what a difference having a great broker makes - you will be glad you called Paul! Review submitted by Bojan (new purchase) on ratemyagent.com.au

18.01.2022 GET TO KNOW ME .// As one of Perth's leading Mortgage Brokers, I'm committed to guiding you through your finance journey to ensure you end up with the right product.

18.01.2022 HAPPY SUNDAY FOLKS! Hope you're enjoying the sunshine! How great is #Perth?

18.01.2022 Umm... hello, spring?

18.01.2022 COMMON QUESTIONS // How much deposit do I really need? This has to be my most frequently asked question! ... and no, you don't have to have 20% necessarily. Have a listen!

17.01.2022 NEED TO BUY BEFORE YOUVE SOLD? BRIDGING FINANCE EXPLAINED... If you want to purchase a property but your current one has not sold yet, a bridging loan may be able to help you secure your new home, before you sell your current one. In the current market, many property owners are finding themselves in this exact position as they make the decision to upgrade to their dream home. ... So, how does it work? In a nutshell, the #bridgingloan covers any existing home loan, the new loan plus costs such as stamp duty. Repayments during the bridging period are generally interest only. Once you sell your existing property, the sale proceeds reduce your overall loan balance and the loan switches to principal and interest repayments. So... what should you consider? To start off, bridging finance will not be for everyone, so speaking to an experienced mortgage broker is important. When looking into bridging finance, tread carefully and consider the likelihood of your property selling quickly... you dont want to get stuck with a large loan and a property that wont sell! Make sure you have received a property appraisal from a good real estate agent so that you have an accurate understanding of the current value of your home. The repayments during the peak debt period can also be high. Your mortgage broker will be able to tell you exactly what your repayments will be both before and after bridging. . Want to know more? Im always happy to offer advice and crunch some numbers for you!

16.01.2022 Make a fresh start in 2020/21 by checking that you are not paying too much interest. I received word yesterday that another bank will be paying $2K incentive to get you to switch to them.

16.01.2022 Secret snap of a bank Call Centre at the moment, this is why they are taking so long to answer the phone .

15.01.2022 House hunting? With some home opens attracting hundreds of potential buyers, being prepared is more important than ever... Have your budget, know your limit and go in confidently with a bank pre-approval! Pre-approval will not only give you the confidence to put your best foot forward, but your offer will be looked at more favourably...

15.01.2022 COMMON QUESTIONS // Why use a broker? ...because they work for YOU! Have a listen

14.01.2022 TAG A #DOG THAT NEEDS TO READ THIS // So many #KennelLoans being applied for... it's like we are back in the boom days! Stats revealed that demand for #KennnelFinance has sky rocketed to unprecedented levels after Jan data shows increases of 31% growth year-on-year. The share of fixed rate #KennelMortgages remains near all-time highs (around 40%) reflecting the rock-bottom borrowing rates currently on offer by the lenders and the Big4 #WoofBanks. If your dog has been think...ing about upgrading his or her kennel, it's a great time to secure an incredible rate and not just that, but a kennel in Perth which is set to boom in the coming months with kennel prices tipped to rise up to 12%! #KennelAgents I have been speaking to lately, say that they are seeing dogs in the hundreds flood kennel opens and multiple offers being received. How long can I keep I keep this up??

14.01.2022 I'm very passionate about what I do and pride myself on finding solutions for my clients... I can tell you I'm a great broker, but don't just take my word for it... :p Thanks, Kylie!

14.01.2022 Behind the scenes with Crib Creative

12.01.2022 $1 mortgage lenders insurance? Surely theres a catch, right?? Well... not really, but youll need to meet the criteria: one customer must be a first home buyer ... maximum loan $850K **owner occupied purposes only need to meet relevant credit criteria. Got questions?? Msg me!

12.01.2022 Perth Market Grows by 0.20% in April 2020 Lets not get carried away with 0.20% but the result is far better than the opposite, which was expected when Covid 19 hit. From my perspective I am talking to many more buyers and activity levels are "back to normal".

09.01.2022 ACCC Interest Rate Inquiry Findings: 1. Home Loans are hard to compare as lenders aren't transparent. 2. Customers who remain with their lenders for a period of time will pay a "loyalty tax" as their rate increases. 3.Profit is the main consideration for lenders (they are a business after all).... As your mortgage broker I am here to look after your interests!

09.01.2022 How good is that #Friday feeling!?

08.01.2022 The Perth rental market's vacancy rate has dropped to a tiny 1.6%, which is the lowest it has been since March 2008. Naturally, this has left many investors pondering the big question... ''is it time to add to my portfolio?'' When deciding to buy as an investor, what are the three key things to consider? Low vacancy rate... Low median house price Low interest rates ... is it time to discuss your scenario with Paul?

08.01.2022 Our real estate markets are going strong, we’re kicking coronavirus’s butt (for the most part) AND we make the worlds best gin... what can’t this country do?

07.01.2022 Can’t share news, but can definitely share client love Paul provided us with all the information so we could make the best financial decision for our mortgage solution. Paul also took time to provide us with recommendations and was always available to discuss any concerns or questions we may have. ... His team demonstrated flexibility to adapt the financial package and kept us informed to ensure we always obtained the best possible offer available in the market. Thanks Paul for all your help on this process; very happy with the outcome. Review by Javier Leiva Rodriguez on ratemyagent.com.au

07.01.2022 All meetings should be by the coast on days like today! Nice one #Perth

07.01.2022 The #spring market is off to a good start! According to reiwa.com, sales were up 11% this week! Covid- who?

07.01.2022 In need of a holiday? Have you considered refinancing? If you havent reviewed your #homeloan in 3 years, you could be paying too much (and missing out on those holiday savings)! .... . P.S how lucky are we to call #WA home?

06.01.2022 Some great tips for first time buyers from reiwa.com. ... and of course, find yourself a trusted mortgage broker to ensure you get the right home loan product for your situation. I always recommend obtaining pre-approval before making an offer on that dream home - that way, you know what you are working with and you can put your best foot forward. Plus, avoid any potential disappointment. I can't tell you how many times I see people put an offer in on a home, only to have th...eir finance rejected! Finance rejection sucks.. but there are options. I'll talk a bit more about that in tomorrow's post! STAY TUNED :)

06.01.2022 We can share news again! ...and a fitting article following my latest post about the importance of having bank pre-approval before house hunting! Key in any market, but particularly the one we’re in now...

05.01.2022 Saturday funny ... but seriously though! This scenario is far from funny Its not just about helping you secure a home loan and sending you on your way... its about helping you find the right fit and ensuring you will be able to comfortably pay the loan in the future! I ask a lot of questions and we go through several scenarios to make sure you are getting the right product for your individual circumstances!

05.01.2022 Is 2021 the year your renovate? Get some inspo then chat to us about your finance options!

05.01.2022 Yet another reason to use a mortgage broker As brokers we work in accordance with various industry regulations, and for the most part these are centred heavily on protecting our customers and ensuring we as brokers are working with the customer’s best interest at heart I can safely say that’s how I have always operated, though not because it was a legal obligation, rather an ethical one. After all, that’s how I have built such a large client database through trust! So ...what’s new? Well, as of Jan 1, 2021 under a new Duty, as a mortgage broker, I have a legal obligation to act in your best interests when recommending a home loan. Lenders and banks on the other hand, don’t have uphold to the same standard(s) when they offer a loan, as they only offer their own brand. So when looking for a home loan product, consider enlisting the help of a trusted professional that will ensure you get the best deal for YOU.

05.01.2022 Found your dream home? Lets find you a dream home loan rate There are some fantastic deals being offered by banks and lenders at the moment... and its my job to find the right one for your situation!

05.01.2022 2020 been an incredibly difficult and strange year for our world... this is probably more relevant than ever. #areyouok2020

03.01.2022 There really hasnt been a better time to buy in #Perth in the recent years... house prices are very affordable but are tipped to rise, and interest rates remain at historic lows! If youre wondering about whether you are in a position to buy, let me crunch some numbers for you!

02.01.2022 2021- time to invest? reiwa.com’s found you the perfect pad and we can find you the perfect home loan

02.01.2022 First home buyer activity has been growing and set to increase further with latest Westpac research. Buyers are feeling optimistic about our market and economy, interest rates are incredibly low and with it becoming increasingly difficult to find a rental, purchasing has never been so appealing!