David Choi in Forest Hill | Local service

David Choi

Locality: Forest Hill

Phone: +61 414 420 684

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24.01.2022 Mortgage holders may be reluctant to make moves in the property market right now, but plenty are interested in making moves with their home loan. The AFG Mortgage Index indicates around 35% of new home loans were due to refinancing. At the same time, a survey for Ernst and Young by Quantum Market Research found 65% of borrowers were looking to be rewarded for loyalty with lower fees and better rates. However, a third of potential switchers admitted they gave up because there ...Continue reading

22.01.2022 If you are thinking of buying your next home - here is a choice you will be facing: Will your life come to an end if you don't have a walk in wardrobe? Is it important for you to have a home cinema, or would you prefer to be in a modest property, within walking distance of great restaurants and sporting facilities? There are so many choices when you start shopping for a home, and one difficult decision is whether to choose a new home (buying off the plans or buying somethin...Continue reading

21.01.2022 Avoid trouble when the bubble bursts - 5 ways to spot a housing bubble. Purchasing a property is a major financial commitment, and hopefully a great investment that will serve you well. Unfortunately though, many purchasers don't recognise the warning signs, and make this great leap in the middle of a 'bubble' - when housing prices are suddenly inflated. What happens next can be a devastating blow - the bubble bursts and your property is now worth less than what you paid fo...r it. Don't let this happen to you - look out for these 5 ways to spot a housing bubble... Housing prices have increased rapidly If prices in your area have climbed by 20% in the past few months, there might be other factors at play. Beware of sudden increases to property values, and try to find out who is paying more. In the past, Government incentives such as enormous 'first home buyer' grants have caused property values to rise with speed. When the schemes come to an end, the market will adjust itself accordingly, and many new purchasers can be caught unaware. Affordability Figures are low If housing affordability figures indicate that median house prices have become unaffordable for the average Australian, chances are that they will settle back down again at some stage. Interest Rates threatened to increase When interest rates are low, property sales figures are often very strong. Unfortunately once interest rates begin to rise again, property prices and selling rates will drop accordingly. Relaxed lending criteria Lenders tend to adopt stricter lending criteria during tough economic times. During the Global Financial crisis, many lenders required a 20% deposit on all new loans. When loans are being awarded freely, and lenders are advertising 95% finance or more, there is often trouble on the way. Delinquencies The United States was heavily impacted by the GFC, and the first sign of trouble was a higher rate of delinquencies. Freely available loans and very long mortgages contributed to a situation where finance was given to many purchasers who could not afford to service their loan. Look out for a high rate of delinquencies which could signal that the bubble is almost ready to burst.

15.01.2022 We all know that interest rates are cyclical and that when rates go down they will eventually go up. As a result, lenders have been assessing loan applications on the ability of borrowers to make repayments at interest rates approximately 2% higher than those currently available. While lenders have been assessing your ability to make repayments at a higher interest rate, what is the reality of the fi nancial impact of your regular loan repayments?... To make sure you are ready, click here to read my "What goes down, must come up" article. https://www.mortgageaustralia.com.au//whatgoesdownmustgoup

14.01.2022 Now here is a Quick Guide to starting a Property Investment Portfolio. While it's hard to predict where the housing market will head in the future, there are some clear signals that investing in property will remain a solid option for long-term wealth generation - and the sooner you start the better. One of the key factors to consider is the demand for housing. Australia typically faces a housing shortage, with home ownership on the decline and renting on the rise. ...Continue reading

10.01.2022 Downsizing? - How to invest those extra dollars: So, you put the family home up for sale after many years, and moved into a home that better suits your lifestyle. What did you do with the extra money from the sale? If you're still trying to work out the best way to maximise the proceeds, the six ideas below should start you on the right track....Continue reading

08.01.2022 How to avoid getting stuck in the borrower's 'land of confusion': Comparing the true cost of a loan can be a lot more complicated than it seems. Comparison Rates are one way of comparing loans, but it doesn't always provide a complete picture of the total cost of the loan.... Make a mistake and you could pay thousands more in interest than you should. To avoid this, have a look at this short guide - "Land of Confusion". https://www.mortgageaustralia.com.au///landofconfusion.pdf

06.01.2022 Is your old equipment slowing you down? Old tech? Outdated machinery? Vehicle breakdowns? Will the purchase of new assets or equipment speed you up, help you become more efficient and help you get ahead? Asset finance is often the answer. ... Financing new equipment, instead of purchasing it outright, can be a good way to preserve cash flow and working capital while adding an asset that can begin to generate immediate income. And, of course, there may be potential tax advantages that could also come your way.

06.01.2022 If you have a successful business that is profitable and can't understand why your bank won't support you, click here to find the answer, and the solution. https://www.mortgageaustralia.com.au///thebalancingact.pdf

05.01.2022 Speak to me about finance for your greener home.