Geelong Mortgage Adviser in Geelong, Victoria | Financial planner

Geelong Mortgage Adviser

Locality: Geelong, Victoria

Phone: +61 467 198 549

Address: Level 2,75-77 Yarra St 3220 Geelong, VIC, Australia

Website: https://www.geelongmortgageadviser.com.au

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25.01.2022 Having a young family can be the best time of your life, but its also the busiest. Its easy to become swept up in the blur of day-to-life and lose sight of bigger goals and life plans.

25.01.2022 Great podcast if youre looking to invest in property.

25.01.2022 Want to cut the clutter in your home? Whether youre due for a clean-out, need to make space, moving or downsizing, or preparing to sell your home, decluttering can bring both a clear space and a clear mind. Here are some ways to help you cull with confidence.

25.01.2022 What happens when your fixed rate expires? Do you know when your fixed rate term is coming to an end? Once it finishes, the bank is free to quietly switch you to a higher interest rate unless you act fast! Think of how costly it could be if you simply let the bank choose your interest rate. If your bank charges you just 0.5% more than the competitive interest rates, this adds up to a significant amount over the term of your loan. You can save yourself a great deal of money ...and perhaps even cut years of your loan, if you are proactive about monitoring your interest rates and choosing the right option for you. Switching to a variable rate A variable rate can be a great option if you want to take advantage of low interest rates, or if you want the flexibility to redraw or make extra payments. When your fixed rate term expires, the bank will automatically switch your loan to the Bank Standard Variable Rate (BSVR). Do some research to find out whether this is a competitive rate; if not, you can talk to your bank and try negotiating a better deal. And if they do not offer you a competitive rate, you can switch lenders. Lenders generally prefer to negotiate rather than lose a customer, while they dont generally make their best offers to customers with a proven history of loyalty. So when it comes to your interest rate, stay alert and ask questions keep your lender busy, trying to keep you happy! Extend your fixed rate One option is to ask the bank to refix your home loan, extending it for another one, three, five to ten years. The fixed rate is a good option for you, if you are planning to pay off your loan steadily over a long period of time, and you want each mortgage payment to be a regular amount so you can budget your money precisely. Fixed rate protects you from rate rises and you could be paying less than the variable rate. However, there is also the risk that you could end up paying higher than the market rate if you are locked into an outdated fixed interest term. There may also be a break fee if you change or pay off your loan within the fixed period; this means the fixed rate is not a good option for anyone planning to sell their home. Call us today if you need assistance pinpointing the best and most competitive option for you. See more

24.01.2022 The hiddens dangers potenially stopping you from owning your own home

24.01.2022 DEPOSIT BOND BASICS | Dont have ready or convenient access to your cash for your 10% home deposit? A deposit bond could be the smart solution. A deposit bond is a guarantee issued by an insurer, for the deposit required of up to 10% of the purchase price. Just like a cash deposit, a deposit bond guarantees your commitment to an unconditional contract of sale. Then, at settlement, you simply pay the full purchase price, including the deposit amount. Contact us to find out how we can help

23.01.2022 Particularly for first home buyers, the first step towards your application is understanding your genuine savings requirements.

23.01.2022 Challenge extended.......

22.01.2022 It cannot be unseen!

22.01.2022 Time to review your homeloan?

21.01.2022 Summary of options to fund a renovation.

20.01.2022 First Home Buyer? Confused? Send me a message and you will receive instant info on the first home buyers grant, home buying process and loan process.

19.01.2022 When was your last home loan health check? Circumstances can change, leaving your home loan less suitable than it was originally. A home loan health check can reveal if youre paying too much. Whats involved? We can do a full home loan health check for you either in person or over the phone. They will check if your loan is still competitive and still suited to your individual needs. Having an expert do this for you can also take the stress out of the process for you. It is a...dvisable to get this check done at least once a year, or if your circumstances change. Questions to ask Be aware of what you want checked. Think about the following when you speak to your broker: Am I paying an unreasonably high interest rate? Am I paying high fees? Am I happy with the service I receive? Does my loan give me the features I need? Am I paying for features I dont use? Have my financial circumstances changed? Benefits A home-loan health check will cost you nothing and could save you thousands. Your home loan features could be improved or you could find yourself with a lower interest rate. A better payment structure could also be introduced, making your repayments more manageable. Checking the state of your current loan could uncover the possibility of taking out additional finance, which can consolidate any other debt you may have or help you purchase an investment property. Message me now to book in your home loan check up! See more

16.01.2022 If youre considering fixing your home loan, its best to know what your getting it in. Fixed rate loan basics......

16.01.2022 The latest edition of Its my home is now available. https://www.genworth.com.au//its-my-home_2019_realview_hi_

13.01.2022 Tip: Watch your credit card limit! Even if your balance is zero, the higher your limit the lower your borrowing capacity.

12.01.2022 A few options to start-up or expand your business

12.01.2022 If youre planning a renovation...help is on the way with six of the best apps to get you on your journey.

10.01.2022 5 Ways To Tell If You Found The Right House Youve seen a lot of homes lately. You have been out every weekend searching for the right home for you. At this point, you might not be sure its even out there, or if it is, you might not find it. Then you drive up to a home that gives you hope. At this point, however, how can you tell if it is the right house for you? Here are 5 sure signs that youve found the right house:... 1. You feel excited. Just as your first love might have given you knots in your stomach, the right home could as well. You start to imagine a life in the home and its exciting. 2. You overlook the flaws. You are realistically seeing the negative aspects of the home and are willing to overlook them. Maybe you wanted a view and this home doesnt have one. But the beautiful kitchen remodel and spacious landscaped yard make up for that. 3. It doesnt have your deal breakers. You should never compromise on the real deal breakers in your criteria. That might be tempting if the master bathroom is perfect, but if you have to have 4 bedrooms and this is really just a 3 bedroom, youll regret buying the home. 4. It fits your overall criteria. The home is located in the school district, city or neighbourhood you want. The larger lifestyle aspects line up with the home. 5. You can afford it. So important! There is no reason to go see homes you truly cant afford, but it happens. The right home is in your budget. Of course there are many more aspects which goes into knowing if the home is the right home for you and your family. One of the best ways to know youve found the right home is how badly you want the house. Once youve left the showing have you compared all other houses to this one? Do you talk about it, think about it? Can you imagine yourself in the home? If so, youve found the right one. So if youve found the right home, write that offer! Dont let it get away!

10.01.2022 What are right home loan features for you?

09.01.2022 Thanks for the great review, Gareth. Hope youre enjoying your new home!

09.01.2022 Before you decide to purchase your first property there are a number of things to consider, including your current personal circumstances and financial status. 1 Think about why you want to buy a home Do you want to live in it or will it be an investment property? This can help determine the kind of loan you apply for and home you buy, depending on your short and long-term plans.... 2 Research potential properties and loans Knowing the market is crucial, so do some research on the areas you are targeting, check out auction clearance rates and recent sales, as well as price trends in the area. Once you are aware of what you are looking for and the approximate price, the next step is saving a deposit. While some lenders will offer loans if you have saved less than the usual 10 percent deposit, being able to show a record of good saving habits will aid in getting your loan approved. 3 Factor in other costs involved Depending on the property, there can be a number of additional costs, so ask your finance broker what other payments you will face. This can include, but isnt limited to, stamp duty, loan establishment fees, legal and conveyance services, utilities, property insurance, maintenance and lenders mortgage insurance. 4 Think about your future Just because your current situation allows you to get a home loan, that doesnt automatically guarantee that you will still be able to service it in five years time. Is there a possibility your role at work will change? Are you considering going back to study and reducing your working hours? 5 Get professional help With so many things to consider, getting professional help is highly recommended. There are many experts in the industry and it is in your best interest to use them for tasks such as property checks, pest checks and any other legal queries. Going it alone can prove costly. Avoid nasty surprises down the track by getting the right people to do the appropriate checks for you from the beginning.

09.01.2022 Summary of new positive credit reporting.

09.01.2022 Can an equity partner help you into your new home quicker?

08.01.2022 Which is right for you?

08.01.2022 Great starting point to set your purchasing budget.

08.01.2022 As professional renovators, Kyal and Kara understand the excitement and stresses of buying a home better than most. So, for help, they turn to their Mortgage Broker. While on set shooting the new commercial, they spoke about their experiences. Take a look below, and head to our website: brokerbehindyou.com.au #findafairerdeal #brokerbehindyou

07.01.2022 How one phone can save you money and take years off your homeloan.

06.01.2022 How to speed up your home loan approval. Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do to help hurry your application along. If youre not prepared, it could take up to a month. The most common reason for a delay is a lenders turnaround time to assessmen...t, especially when some lenders have competitive offerings and experience larger application volumes, but a lack of preparation can cause this delay to snowball. When there are such delays and then a lender must organise a valuation or request further information, this can lead to a lengthy process time. Geelong Mortgage Advisers will help you take all the necessary steps to ensure fast home loan approval, but there are simple ways you can help hurry the process along before your first meeting with your broker. Disclose all information To avoid back and forth requests, which can delay your application, ensure your lender has a thorough understanding of you as an applicant including appropriate identification of all borrowers. Provide all the supporting and necessary documents upfront to your broker, and convey as much detail as possible in relation to your requirements and objectives and have good, current information on your financial position. Your broker will need to not only have your full financial details but will also need to take reasonable steps to verify it. Skip the valuation queue Not all applications require a valuation, depending on the property and lending institution, and forgoing this step can save a considerable amount of time. You can also save time by having a valuation completed prior to your application, as long as its accepted by your chosen lender but check with your broker first. To ensure your application avoids any unnecessary delays, speak to a Geelong Mortgage Adviser today. See more

05.01.2022 Did you know only 3.63% of Australians bothered to refinance their home loan last year. Thats only 210,815 households for the entire country!! The average homeowner stands to save as much as $18,000 over the life of their loan by moving to a sharper rate. Theres plenty more reasons to consider refinancing, message me today to find out more.

05.01.2022 Have you tried our free finance calculators yet? Here you can calculate; - Borrowing Power - Repayments - Loan Comparison - Budgeting... - Rent vs Buy And more. Check it out today. https://www.geelongmortgageadviser.com.au See more

02.01.2022 The average Australian credit card debt is around $3500. Try the moneysmart calculator to see how long it will take to pay off your credit card and the effect off making additional repayments.

01.01.2022 Longterm importance of having a great tenant

01.01.2022 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. Youll 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, youll act now. Get rid of car loans and credit card debt Youre 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 youre 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, youll 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

01.01.2022 Deposit Essentials for first home buyers. PM me for additional information.