David Di Vito | Loan service

David Di Vito

Phone: +61 466 452 193

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22.01.2022 3 Things to Do to Prepare to Buy Your First Home: Have you been considering taking the plunge and buying your first home? With the Government incentives on offer, it’s a great time. There are a few things you need to do before making an offer on a property. 1. Save a deposit - with all the Government incentives and programs you can potentially get away with as little as 5% in genuine savings. 2. Good money habits - it’s important to save and pay your bills on time. This is so...mething that lenders look at to make sure you are someone who can manage money. 3. Check out your credit score (it’s free to do), so you know what your track record looks like. The quickest way to do these three things is to speak to a mortgage broker. They’ll be able to assess your situation and even start the pre-approval process. See more

21.01.2022 For generations, investing in property has been a great way to build wealth and set yourself up for the future. While buying your first investment property can be nerve-racking, there are a few things you can do to make sure you’re making the right choice. Speak to a broker - the first thing you need to do is understand your borrowing capacity, which depends on your income and savings. A mortgage broker will be able to give you a host of options, whereas a bank can only tal...k to their suite of products. Get a valuation - if you’re worried about paying too much, buy the property subject to a valuation. That way you know you will be getting a fair deal. Buy with your head - when buying an investment property, it’s all about the numbers. Don’t get emotionally attached to a property and buy based on your research. Use professional advice - if you’re not confident, talk to a buyer’s agent. Just like a mortgage broker can get you the best loan, a buyer’s agent can help identify an investment property that suits your goals. See more

14.01.2022 3 reasons to refinance: 1. Record Low Rates - Mortgage rates are now at the lowest levels we’ve seen in history. By refinancing you could access a lower interest rate and save thousands of dollars a year. 2. Get a Cashback Rebate - Worried about the costs of changing home loans? Some lenders will give you a rebate which could cover any out-of-pocket costs. This can really help if you have a fixed-rate loan and want to change.... 3. Free-up Cash - If you’ve got equity in your home or investment property, you might be able to access it to invest in another property and grow your portfolio.

13.01.2022 With interest rates at their lowest level in more than 50 years, in many locations around Australia, it’s now become cheaper to buy than rent. So, should renters start thinking about buying? Pros of Buying:... - Record low interest rates mean record low repayments. - The Government is throwing tens of thousands of dollars’ worth of incentives at first home buyers. - You’re buying an asset that will appreciate over time. - It’s yours and you can do what you want with it - including hanging pictures on the walls. Pros of Renting: - You can live anywhere you want including higher priced suburbs, which might not be easy to buy into. - You won’t need to save up a large deposit to continue as a renter. - The landlord will pay for maintenance and repairs. - You’re free to move and live in different areas and cities.

09.01.2022 HOW TO BOOST YOUR BORROWING CAPACITY! Are you looking to buy a new home or an investment property? One of the most important steps is understanding how to maximise your borrowing capacity. Here are a few quick ways to improve yours: Cut back on spending - your capacity to borrow is based on your income minus expenses. Reducing silly spending will help tremendously.... Cut your debts - things like car loans and credit cards can significantly reduce your borrowing. Tidy up your credit score - make sure there are no red flags and you have a healthy credit history. Things like paying bills on time is important. Avoid easy money traps - payday loans or buy now pay later, can hit your credit score and also look bad from the lenders’ perspective. See more

05.01.2022 In the current low interest rate environment, there has never been a better time to refinance and save money on your mortgage. By budgeting well and making the most of low interest rates, homeowners can quickly get on top of their finances and pay down their mortgages faster. Here are three quick reasons to refinance:... With interest rates at record low levels, lenders are offering very low introductory rates. If you refinance to a new loan, you could save yourself a significant amount of money each month that you could use to pay down your mortgage faster. Consolidating debts through refinancing, allows you to save money by avoiding the higher interest rates that come with things like credit cards or personal loans. Get a new loan product with and offset account. An offset account will save you interest and can speed up the process of paying down your mortgage.

02.01.2022 17% of borrowers never refinance or switch lenders!! A recent survey from Finder found nearly one of five borrowers said they would never change their lender. Despite the fact that it could save them tens of thousands of dollars, nearly 20 per cent of borrowers simply stuck it out with their original lender. Is being loyal a big mistake? Here are three reasons to review your current home loan:... 1. To get a lower interest rate - this alone could save you thousands of dollars. 2. Get a better loan product with more flexibility - an offset account is almost a must-have these days. 3. Free up some cash for a rainy day - if COVID has taught us anything, it’s that we need some cash on hand at all times. It may seem like a tough process ahead to refinance your current home loan, however, I strongly urge home owners to be in touch with a broker every couple of years to ensure your home loan is always kept up to date with the latest and best packages that suit you while we put in the hard work for you!