Get it Right Finance in Drummoyne, New South Wales, Australia | Mortgage brokers

Get it Right Finance

Locality: Drummoyne, New South Wales, Australia

Phone: +61 402 979 131

Address: 406/19 Roseby St 2047 Drummoyne, NSW, Australia

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

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25.01.2022 Think cosmetics interventions over renovations.

24.01.2022 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.

24.01.2022 After several years in the making, one of the most important pieces of public infrastructure developed this century is going live.

24.01.2022 Take note. Houzz

22.01.2022 Do you know your home loan interest rate? A quick home loan review could save you thousands. Call me today to find out how.... Jeff 0402 979 131

22.01.2022 Over 20 per cent growth rate in a year is not sustainable".

22.01.2022 "If a taxpayer becomes involved in any illegal arrangement, even by accident, they may incur severe penalties."

21.01.2022 Darren Palmer talks about his favorite new innovations.

21.01.2022 If you have any questions about the changes to the first home buys grant give me a call.

20.01.2022 Australians are paying up to almost 13 times their annual income to purchase a house. . .

20.01.2022 I definitely need one of these...

19.01.2022 First home owners Grant is helping people like you purchase their first property. You may be exempt from stamp duty and get a cash payment of $10 000.00 Give me a call to talk about this more. 0402 979 131 http://www.osr.nsw.gov.au/grants

19.01.2022 As the price of housing rises we are living in smaller spaces.

19.01.2022 Haven't locked in your mortgage rates? Here's what's about to happen to your debt...

18.01.2022 Population: 800. But that's too many. . .

18.01.2022 Where to find a bargain?

17.01.2022 You could save $$$ Call me today for a home loan review.

16.01.2022 Family Guarantee Home Loans With house prices being so high many first home buyers are finding it difficult to save the deposit they need. An option that may suit some first home buyers is a family pledge or family guarantee home loan. These loans allow you to utilise a family member’s home as security for your home loan meaning that you don’t need a huge deposit.... It is important for all parties to fully understand the advantages and potential disadvantages to these type of loans. So what is a family pledge or guarantee loan? It is a loan that allows the shortfall in your deposit to be secured by a family member’s property. It allows family members to assist you without actually giving you cash or putting cash in. Previously the whole of the family members property was used to secure the loan but now there are other options. That is, the security on the new purchase can be separated so the guarantee is actually limited. To give an example the family members property might be utilised to guarantee just 20% of the new loan and the property being purchased would be used as security for the other 80% of the loan. Either way the bank feels more comfortable as with this type of loan they have protection if first home buyers can’t make repayments or default on their loan. For the first home buyers it means they can purchase a home, avoid the added cost of mortgage insurance and even be able to borrow more if for example, the property requires renovations. The family member needs to guarantee a minimum of 20% of the purchase price of the new property if the first home owners do not have a deposit. With this type of loan first home owners can buy either a home or investment property. The other great news is that even if the loan is a family pledge / guarantee loan that the first home owners are still eligible for a First Home Owners Grant in their State (if applicable). There are however some drawbacks to consider prior to entering into this type of loan The family member who provides the guarantee could be putting their family home at risk if the first home owner defaults on the new loan. It is also extremely important that you all seek independent financial and legal advice before entering into a family pledge / guarantee loan so everyone understands clearly what happens if the loan is defaulted on and exactly what the guarantor will be liable for. Not all lenders offer family guarantee / pledge loans so ensure you consult your Mortgage Professional before proceeding further. This is general information only and is subject to change at any time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. Family Guarantee Home Loans

16.01.2022 Where does your suburb rank?

15.01.2022 Why Australia’s next rate move will hurt more than any before... Read more: http://bit.ly/2sAP8QA

14.01.2022 With Interest rates at record lows its a perfect time to review your home loan and ensure you are getting the best deal in the market. I have access to over 30 different lenders. Give me a call today for a complimentary home loan review. Jeff 0402 979 131

13.01.2022 Open Banking: What You Need to Know What is it? Open banking began on July 1st and is essentially a new and improved method of providing and sharing your financial data freely between multiple banks or institutions.... Consumer Advantages The Rundown o Transfer your details between banks o Easily compare products and services to make better-informed decisions o Fast-track sign up opportunities from competitors o Promotes healthy competition within the sector ultimately allowing access to better deals! Things you should know o Keeping your information safe Security is the utmost priority regarding open banking and only institutions you approve of will have access to your data. o Institutions will need to be accredited for open banking to participate in the new systems and processes. o Open banking is free. o Eligible data types You may request data from transaction, deposit accounts and joint accounts as well as, credit and debit cards. Personal, home and investment loans are also included. Open banking is something that’s about to change the banking and finance industry for the better! Check it out and get on board today!

13.01.2022 The latest consumer price index (CPI) figures confirm the Reserve Bank’s view that inflation is well contained. Borrowers with home loans can expect a sustained period of low interest rates. In the December quarter, the CPI rose by 0.4 per cent and an annual rate of 1.7 per cent, well below the target zone of two to three per cent. With low inflation and the housing market slowing, borrowers can expect a long period of low and stable interest rates. Source: Mortgage Business

13.01.2022 Think outside the box and reap the benefits.

12.01.2022 Australia has one of the lowest rates of home ownership of any western country. Finance Editor Ross Greenwood explains. #9News | http://9News.com.au

12.01.2022 What would you need a letterbox for anyway?

12.01.2022 Five years ago there were 159 suburbs.

12.01.2022 Housing Affordability We regularly hear about the housing affordability crisis in the news. It is said that this trend will continue in Sydney and Melbourne for the next 40 years due to demand pressures and limited supply. However, it’s not all doom and gloom there are steps we can take to make the best of this challenging situation... What is important to you. This will help you decide which way to go. A simple yet challenging task would be to write a list of pros and cons and then think outside of the box for a solution. For example, write a list of pros and cons of continuing to live in a particular suburb or relocating to a nearby suburb or relocating further away to have more space. Based on what you have decided, write a list of ‘must haves’ vs ‘nice to haves’ and determine what you can compromise on e.g. living in unit instead of a house. You might also consider different strategies to help you save e.g. some young families have moved back in with their parents while trying to save a deposit. This may be an option for some but may not be workable for others. Rent vs buy Once you have decided where to live, you need to decide if renting or buying will work out better for you financially. To do this, you will have to add up all the buying cost (e.g. stamp duty, solicitors fee, other fees and charges) and ongoing costs (e.g. mortgage repayments and including possible interest rate increases, council, water, insurance, strata levies where applicable). Once you have this total figure, work out what your rent will be by researching the rent for similar properties in the suburb you want. You can do this on realestate.com.au under the rentals section. Then compare the costs of both options and this will help you decide to rent or buy. Decided to buy?

11.01.2022 AMP Banking has a great offer of low rates. Are you paying to much fro your home loan? Get it Right with Get it Right Finance. Call me today

11.01.2022 Saving to buy your next property? You could look to purchase with as little as 5% deposit. That's only $20 000.00 on a property worth $400 000.00 and with the governments $5000 concession on stamp duty for newly build property's its even eaiser. Get It Right Finance - Your local Mortgage Broker

10.01.2022 Sydney's property prices are set to plummet further

10.01.2022 Let Get it Right Finance help you get it right and find the right home loan for you today.

08.01.2022 2017 tipped to see house prices drop.

08.01.2022 Perhaps the biggest reason to believe Australia's property boom won't go spectacularly bust is that the Reserve Bank won't let it happen, writes Jessica Irvine.

06.01.2022 Stay on the cutting edge...

06.01.2022 Do you have the equity to upgrade your home? Ask me for a home loan review today.

06.01.2022 Refinancing is where a client obtains a new mortgage often to reduce monthly payments, lower interest rates, take cash out for large purchases or simply to change mortgage companies. Often people refinance when they have equity in their home, which is the difference between the amount owed to the mortgage company and the value of the home. Whilst there are many advantages to refinancing your home loan, there are also disadvantages and you should consider both before deciding ...whether refinancing is right for you. Advantages Reduce monthly repayment Acquire better loan features Use equity in your home to get additional cash Save money by paying a lower interest rate Allows you to consolidate multiple debts into one repayment Disadvantages If getting cash out this will increase your mortgage repayment and the size of your mortgage and reduce the equity in your home May increase or extend the length / term of your mortgage (often resetting to 30 years) There may be fees or costs to refinance The valuation of your property may come back lower than you expected Short term debts consolidated into a refinance are paid out over a longer period of time Potentially higher long-term costs of repayment of a loan resulting from extending the loan term Default risk on unsecured loans is transferred onto the family home when consolidating debts Before making a decision on whether this type of loan is suitable for you it is important for you to consider the above information and discuss the suitability of this loan type with your Mortgage Professional.

06.01.2022 Impressive sale price not surprising considering the location.

06.01.2022 17% of Borrowers Will Never 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.

06.01.2022 Following the release of the recommendations of the Royal Commission Report, we need to make sure that the public is well aware of the threats to our industry a...nd themselves as consumers, if a fee for service model is introduced into the mortgage industry. There is a petition that will be presented to parliament when we get enough signatures. It is important to get people to sign this petition to protect our industry. HERE IS THE LINK TO SIGN THE PETITION - https://www.change.org/p/federal-treasurer-josh-frydenberg- So please put the petition on your Facebook, Twitter and Instagram. Ask friends and family to sign and ask your clients to sign. Please get involved to protect our industry.

04.01.2022 January 2016 RBA economic snapshot

04.01.2022 Oh, so that's where all the money's disappearing to. . .

04.01.2022 The study unequivocally resolves the question as to whether housing is a good long-term investment.

04.01.2022 The holiday season is over as the first auctions start this weekend.

04.01.2022 Farewell, shaggy carpet.

04.01.2022 NEW SUBURBS: With Sydney house prices consistently and painfully high, construction of new homes is about to get a boost. #9News | http://9News.com.au

03.01.2022 Is this the beginning of the end?

02.01.2022 The market is changing.

01.01.2022 The auction was over in a matter of minutes.

01.01.2022 The new Million Dollar club in Sydney