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23.01.2022 How to choose the right property for you Your home is perhaps the biggest investment of your life particularly as it is not just a financial investment, you are also investing in your future lifestyle. Yet many people have a tendency to fall in love with a particular property, and they forget to remain logical in their thinking. As a result, they find themselves owning a property that does not suit their current lifestyle or their future financial plans. So how do you cho...ose the right property for you? Find a property that fits your real-life needs, not your dream lifestyle You might have fantasies of living by the beach or in a small inner-city unit within walking distance of all the pubs and cafes, but how will this choice fit your budget and your long-term lifestyle? Your first home should fall within your budget and it should be compatible with your work and family life. There is no point purchasing a dream property that requires a two-hour commute to work or takes up all your spare money reducing your quality of life. Is it a good investment for you? Investigate the economic possibilities of the location and the property itself to see how it will appreciate over time. Also consider how the property will grow alongside your lifestyle choices perhaps you want to flip the investment property by doing a few renovations and selling for a profit, or perhaps you want to live for a few years in a small house before extending the property to make room for a family. Whatever your plans, your property is an investment tool that you can use to provide for your future. Is the property value accurate? If you fall in love with a particular property, you may trick yourself into wanting to spend more than necessary just to win it. However, it is important to check that you are paying what the property is actually worth. Look at the purchase history of the property and neighbouring properties to see how their value has appreciated, and how much they are all perceived to be worth now. Consider what needs to be done to the property in terms of renovations or repairs in order to make it right for your purposes. Will you need a home loan? Before you commit to a property, look carefully into the financial aspect of the deal. Find out how much you will need to borrow in order to secure the property, and whether you can still maintain your quality of life while paying off the loan. If you need assistance working out how to find the right property for your lifestyle and budget talk to us today

22.01.2022 How long would you spend looking for your next home? When you add up all the hours spent researching properties, looking up lenders and applying for a home loan, most home buyers take 44 hours (longer than a full working week) to find their dream home.* And 80% of people say applying for a home loan is the most consuming, confusing and inconvenient part.... So feel free to ask for help - we can save you time and hassle by helping to arrange your financials and guiding you through the purchasing process. To find out more, call 02 8599 2022, email [email protected] or DM us. *Source: 2020 St George Home Buying Survey #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion

21.01.2022 Could your home be greener? Research shows that properties with high energy-efficiency ratings typically sell for up to 10% more*. Installing rainwater tanks, solar and batteries are some great ways of boosting your propertys green credentials, as are improving insulation and draught sealing.... Have you been considering boosting your homes energy efficiency? If so, to explore your finance options, call 02 8599 2022, email [email protected] or DM us. *Source: University of Wollongong #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion

20.01.2022 If someone gave you $500 for the weekend, how would you spend it?

19.01.2022 If youve deferred your home or business loan then its likely your bank will reach out to you in the coming weeks. Heres what to expect and what options are available to you. As the initial wave of six-month loan payment deferrals comes to an end, banks have started contacting customers to discuss the next step, which could include further support, assistance or deferral.

18.01.2022 How To Combat ATM Fee Charges CONSUMERS who use ATMs not owned by their own banks paid $660 million in mostly unnecessary fees. A large chunk of this money could be kept in people’s pockets with some good planning and budgeting.... The fees, known as foreign ATM fees, are those charged by the ATM operator when consumers use an ATM that does not belong to their own bank, or is not in a network arrangement with their bank. The fees usually average $2 or more. The Australian Bankers’ Association says 40 per cent of all ATM transactions in 2011 were done at a foreign ATM. That figure is likely to be the same today. It’s no different from going to a shop and buying a coffee you’re purchasing a service from someone, says the ABA’s chief executive, Steven Munchenberg. You are paying for the convenience. He says the best way to avoid these fees is planning and to be aware of where your own bank’s ATMs are located. You can also get cash out with Eftpos transactions, particularly at the supermarket. Munchenberg says for people who may not always have easy access to their own bank’s ATMs such as those in outer suburban or regional areas, the answer is to avoid making lots of small transactions. Legislative changes introduced in 2009 meant ATM customers had to be notified of the foreign ATM fee on the machine’s screen before the transaction was completed, and since then transactions at foreign ATMs have fallen. Many financial institutions now offer free ATM locator applications for smartphones. Source: http://news.com.au/

18.01.2022 Would you allow pets in your investment property? While you might have some reservations about four-legged tenants, stats show that landlords who allow pets can boost their rental return by as much as 30%.* In almost every Australian capital, the median asking rent for a pet-friendly apartments is higher than for homes that dont allow pets. ... But what do you think? Would you rent to pet owners? Or do you have a horror story to share? *Domain #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion See more

17.01.2022 Buy vs Rent - Whats the Best Option in 2020? With interest rates at their lowest level in more than 50 years, in many locations around Australia, its 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. - Youre buying an asset that will appreciate over time. - Its 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 wont need to save up a large deposit to continue as a renter. - The landlord will pay for maintenance and repairs. - Youre free to move and live in different areas and cities. Ready to take the next step? https://bit.ly/30tni87

16.01.2022 How to calculate your borrowing power One of the most important factors in your home ownership journey is the amount of money you can or should borrow. You want to borrow enough that you can purchase the right property for your needs, yet you don’t want to end up out of your depth in debt. Most lenders rely on their own variation of a basic formula to calculate your borrowing power. They look at six elements of your financial situation gross income, tax, existing commitme...Continue reading

16.01.2022 First home buyers are now breaking into the property market more than four years faster than they typically would thanks to a little-known government scheme. Today well discuss how. Ever heard of the First Home Loan Deposit Scheme? If not, dont stress, it only launched this year and the first six months of data has only just been published. Basically,

16.01.2022 Housing markets have recorded another fall in July, making it three straight periods of declines for dwelling values. However, the magnitude of the falls has been relatively minimal, with just a -0.6% decline in July and a -1.6% fall over the last quarter. The falls have been most pronounced in the higher-end of the market in both Sydney and Melbourne - two markets that are traditionally heavily auction focused. ... Meanwhile, Adelaide, Hobart and Canberra remain resilient and have seen home values increase over the last three months, throughout the COVID period.

16.01.2022 Why you should choose a mortgage broker over a bank For most people looking for a home loan, the choice is simple just head to the nearest bank and see what is available. On the surface, this seems like convenient and straightforward option, so why look for a mortgage broker when the bank is right there on the main street? Here are three things a mortgage broker will offer you that your bank won’t: ... 1. Choice When you visit your bank manager to talk about a bank loan, the manager is going to offer you their latest products. The manager isn’t going to tell you that a rival bank has an offer more closely streamlined to your circumstances. And a year down the track, the manager won’t reward your loyalty by suggesting a new option tailored to your current circumstances. However, your mortgage broker has access to products from countless banks and lenders, so they will find the one that is most suited to your requirements. When your circumstances change, as you pay off your loan, your broker can suggest a different package. 2. Specialized assistance Bank employees are in the business of promoting the bank’s services which includes securing your loan. Every lender has their own method for approving or declining a bank loan, and you can waste a great deal of time trying to provide the correct application. Your broker already has an inside knowledge of how each bank assesses an application, so you have a better chance of being approved first time around. Your broker can also negotiate with the bank for policy exceptions to tailor the package to your individual specifications. You can also choose a broker who specializes in your particular loan requirements. For example, if you are purchasing a property investment, you will need a broker who understands all the financial issues of that type of loan. 3. Administrative support The mortgage broker will manage all the paperwork on your behalf and follow up with the lender, keeping you updated on the progress of the application. This saves you time and a great deal of stress, while providing you with one point of contact throughout the business of securing the loan. Ultimately, your mortgage broker is saving you both time and money by simplifying the loan application process and ensuring that you find the loan package most suited to the size of your deposit and your ability to make repayments. Contact us today if you want personalized advice about how to complete the loan application process and find the right loan package for your needs.

15.01.2022 What's your best tip for staying out of debt?

15.01.2022 Tip: Watch your credit card limit! Even if your balance is zero, the higher your limit the lower your borrowing capacity.

14.01.2022 Need new wheels for some overdue exploring? Demand for used cars is at an all-time high, with COVID-19 putting pressure on household budgets, limiting the import of new cars and decreasing public transport use.* These factors also mean second-hand car prices have held pretty steady. ... So if youre on the hunt for a second-hand car, but dont have the cash to pay up-front, get in touch to find out about your financing options. Call 02 8599 2022, email [email protected] or DM us. *Source: Moodys Analytics #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion See more

13.01.2022 Online auction tips COVID-19 has changed the world in many ways, and auctions are not immune. Even as the economy opens back up, it seems virtual auctions are here to stay. Here are four tips for securing property in the virtual world:... 1. Familiarize yourself with the process by observing an online auction before youre ready to purchase. 2. Register to bid on the property of your choice. Youll generally need to provide identification, and may need to download an app or permit a hold on your credit card. 3. Make sure your internet connection is stable and fast enough. Have a backup plan. 4. Get pre-approval before bidding. To line up finance before your next property goes under the (virtual) hammer, call 02 8599 2022, email [email protected] or DM us. #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion See more

13.01.2022 Do you know your home loan interest rate? Heres a quirky stat for you: 1 in 3 mortgage holders has absolutely no idea what their home loan interest rate is at all, while 86% are unable to recall the exact figure (but theyre in the ballpark).* Now, were not into rate-shaming around here, but if you dont know yours, its a pretty good sign that youre due for a home loan health check.... The good news is its quick and easy. To get the ball rolling, simply call 02 8599 2022, email [email protected] or DM us. Source: UBank #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion See more

13.01.2022 NSW Offers Stamp Duty Relief for First Home Buyers If youre a first home buyer, youre in a fortunate position as both the Federal and State Government are offering more financial incentives by the day. The most recent announcement from the NSW State Government will see stamp duty exemptions increased on both established and new homes.... - Eligible first home buyers can potentially access stamp duty exemptions on new home purchases of up to $800,000. - Those looking to build new will also see stamp duty discounts available for purchases between $800,000 and $1 million. This is a temporary program and will be available for 12 months. These stamp duty exemptions are available in conjunction with a number of other programs, including the HomeBuilder and First Home Buyer Grants.

13.01.2022 Tempted to use Afterpay? Read this first Afterpay can certainly be tempting (particularly when late night shopping), but it can lead to consequences that linger long after the new shoe glow has faded. While the Afterpay approval process doesnt (generally) involve credit report checks, Afterpay (and its competitors such as ZipPay) is still a credit liability that needs to be disclosed when applying for a home loan. ... And with the banks pretty rigorous when it comes to approving loans these days, your next property purchase could be held up if youve racked up an Afterpay bill. So next time your finger is hovering over the Afterpay button, ask yourself: how will this look on my loan application? #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion

13.01.2022 Confidence is Coming Back to the Property Market Despite the negative headlines in the media and the doomsayers calling for massive falls in house values, thats not what weve been seeing. In fact, the outlook looks good and we are starting to see a big jump in positive sentiment.... There are a few reasons for that: - The RBA has slashed interest rates to a record low 0.25 per cent, making it a great time to be refinancing or looking to buy. Particularly for the likes of first home buyers. - Many vendors delayed putting their properties on the market causing a fall in listings. Theres still plenty of buyers around and stock is tight at the moment, helping prop up prices. - Sentiment has seen a big jump recently as lockdown measures are now unwinding. With the latest CoreLogic data suggesting that prices have held up strongly, we are starting to see both transactions and listings both increase, which is a sign of positivity in the property market.

11.01.2022 Is this your bank? Then it's time to take advantage of our Free Loan Comparison Service. Some clients discovered saving $300+ per month by switching to a better deal. Private message me today to see how much you could save by switching.

10.01.2022 Don't let this happen to you! Get a broker to find the right loan & get approved. Message me to give you a professional take on your situation.

10.01.2022 The spring selling season has sprung! Theres always a lot of hype around property in spring - the winter gloom has passed, making properties look better and brighter, and there are traditionally more properties to choose from at this time of year. So if youve got your eye on a spring purchase, call 02 8599 2022, email [email protected] or DM us.... #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion See more

09.01.2022 How to ensure your renovation will increase your house value There are two main benefits to renovating your property firstly, you can make it more comfortable and compatible for your lifestyle; and secondly, you can increase the value of your home. The challenge is to find the right balance between these two benefits if you invest too much into renovations, you risk reducing the amount of profit you would make when you sell. So how do you strike the balance and turn you...r renovation into profit? The 10% rule One handy rule of thumb is to ensure your renovation doesn’t cost more than 10% of the property’s value. If you are planning an extensive renovation, do your research to make sure you are not over-capitalizing. If you are building a substantial extension on a family home, for example, you should regain the value through creating a home that suits your family’s needs for a considerable period of time. Keep it simple and contained The renovations that increase the value of a home are generally in the kitchen and bathroom. A future buyer wants to know that these rooms are up-to-date with relatively new fixtures and fittings. The garden is another selling point as potential buyers will be attracted to a healthy, well maintained garden. Take your renovations slowly, step by step, finishing one room before starting on another. This way, you can keep track of costs and also ensure that your house remains liveable rather than turning into a chaotic mess that will be finished one day! Check for council approval Before you dive into any renovations, make sure you have council approval. As part of the process, ask your neighbours to check over your plans before you start work. You don’t want the neighbours complaining that your renovation reduces the value or comfort of their home. Sometimes it just means repositioning a window that overlooks the neighbour’s yard, in order to keep everyone happy. Consider your financing Depending on your financial position, you could use your equity to finance the renovations, a combination of equity and savings, or you could take out a construction loan. In order to access the equity on your home loan, you need to ensure that the loan includes features such as redraw, line of credit and an offset account (this of course varies based on individual circumstances and needs). A construction loan is written against the renovated valuation of the property, and the lender interacts directly with the builder, making regular milestone payments and monitoring a schedule. Basically, your lender has a vested interest in ensuring your renovation increases the value of your home. If you need assistance working out the best way to finance your renovation and ensure it increases the value of your home, contact us today.

07.01.2022 Has your business ever been knocked back by a lender? Dont let it keep you down - its been a tough year. In fact, one in four businesses grappling with the economic fallout from the Covid-19 have had their application for credit rejected by lenders this year*. Rest assured though that there are ways to get your business back up on its feet that you might not have explored yet.... So to discuss your financing options, call 02 8599 2022, email [email protected] or DM us. *Source: Sensis Business Index #FetchLoans #sydney #sydneyhomeloans #sydneyfinance #sydneybroker #innerwest #centralcoast #camperdown #newtown #sydneyregion See more

06.01.2022 As if small and medium-sized businesses werent already facing an uphill battle this year; now it turns out that more than a quarter were knocked back when they applied for finance in recent months. Heres how we can help.

05.01.2022 "Never give up on something that you can't go a day without thinking about."

04.01.2022 Benefits of a mortgage offset account An offset account is a bank account linked to your home loan. Rather than accumulating interest within the account, the money in the offset account is offset daily against your mortgage, reducing the interest payable on your mortgage. For example, if you have $20,000 in your offset account and a mortgage of $400,000, you will only be charged interest on $380,000 rather than the full $400,000. This can drastically reduce the length of you...r mortgage and the amount you need to pay in the long term. Tax free interest As you are not earning compound interest from the money in the offset account, you are not liable to pay tax on that money. Instead you are increasing the equity in your property. Flexibility As the mortgage account is like any other transaction account, you can deposit and withdraw funds such as your salary without incurring access fees. As the offset amount is calculated daily, you can keep a lump sum in the account for emergencies while reducing interest on your loan. However, some lenders do place restrictions such as minimum transaction amounts and withdrawal fees which could end up costing more than the interest you save. Is the offset account for you? The people who benefit most from offset accounts are those who can keep a significant sum of money in an accessible account over the long term. If you are instinctively a saver, an offset account is preferable to having to pay tax on interest, as you are making significant gains through equity. It also gives you a flexible alternative to paying extra money directly into the mortgage, as you can still access the funds quickly and without penalty in case of emergency. Even having your salary deposited into your offset account ensures that for one day at least you will reduce the interest payable on your mortgage for that day. However, if you are only keeping a small minimum balance in the offset account, the interest savings will not be so significant. Talk to your mortgage broker or financial advisor about whether an offset account would be suited to your current circumstances. And before opening an offset account, make sure you are fully aware of any fees or conditions that may have a negative impact on the long term benefits. If you would like more information about how an offset account could work for you, contact us today for a personal appraisal.

04.01.2022 How Do I Pay Off My Mortgage Sooner? Pay more, more often. Want to pay off your mortgage early? Then make bigger mortgage repayments, more frequently. You’ll own your own home sooner and save a bundle on interest. E.g. paying an extra $10 per week on a $350,000 home loan (@7% average) saves nearly two years off your mortgage and $34,382.65 in interested expenses ... Act now you pay most interest up front Most mortgages are structured so that you pay off most of the interest in the early years. If you are serious about wanting to reduce the interest you pay on your Home Loan, you’ll act now. Get rid of car loans and credit card debt You’re generally paying a higher interest rate on small loans (e.g. a car) and your credit cards so it makes sense to eliminate those debts first. So, put a rein on your credit card usage and then tackle your mortgage. Make sure you’re paying off the right mortgage When you entered the mortgage market, you might not have been as well informed as you are now. Or the market might not have been as competitive. Stay in close contact with with us to stay informed you have the right loan. I can can let you know if there is a new home loan product that will save you money over the term of the mortgage. Flexible mortgages Most debt-retirement strategies depend on you being able to pay off more of your mortgage sooner. Read the fine print or talk to us to see if you have the flexibility you need to reduce your interest charges. Pay more and pay often Assuming you have a mortgage that lets you pay extra, you should pay more and pay often. The interest charged on a $ 300,000 home loan at a rate of 7.15% over 30 years with monthly repayments is over $420,000. By paying off an additional $50 a month, you’ll reduce the interest bill by $39,000 and your loan term by 2 years and 4 months. You could look at making repayments weekly or fortnightly rather than monthly. Over 30 years the savings add up. To learn more, talk to us today today. Information source: MFAA

03.01.2022 2020 hasnt been an easy year for many Aussie households and businesses, which makes today an important one to check in on one another. COVID-19 and associated lockdowns have placed all sorts of new pressures on families and businesses across the country this year.

03.01.2022 Did you know a lot of home owners overpay on their mortgage? Could a better deal put an extra $250+ per month back into your pocket? We offer a free Loan Comparison Service to see if switching could save you hundreds per month. Private message me today to get a free loan comparison!

02.01.2022 Did You Know - the Earth weighs 6,588,000,000,000,000,000 tons