Best Home Loans in Mundingburra | Financial planner

Best Home Loans

Locality: Mundingburra

Phone: +61 7 4779 0555

Address: 109 Ross River Rd 4812 Mundingburra, QLD, Australia

Website: https://besthomeloans.com.au/

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24.01.2022 Stamp duty is a charge which is applied by state governments in Australia on transactions relating to the transfer of land or property. It is paid upfront and needs to be budgeted for in addition to your loan deposit. There are three factors, along with the value of the property, that determine how much stamp duty you will pay: 1. Whether or not the property is a primary residence or investment property; 2. Whether or not you are a first home buyer; and 3. If you are purchasi...ng an established home, a new home or vacant land. To find out how much stamp duty you need to pay, and whether or not you are eligible for any concessions, contact our mortgage brokers

22.01.2022 Consolidate your debt in 2021 and turn multiple debt payments eg personal loan, credit cards, home loan into one manageable and affordable loan. Benefits include: Lower interest rate Single payment Less stress... Improved credit score Elimination of collection calls Elimination of late fees Speak to the Best Home Loans team to find out how we can help you get on top of your debt.

21.01.2022 What counts as genuine savings in a loan application? If you apply for a home loan, particularly if the loan is for more than 80 per cent of a property’s value, you’ll more than likely have to prove to lenders that you have a satisfactory amount of savings. In most cases lenders generally look for consistent additions to savings over a period of at least three months and preferably a year or more. This means that the following are not considered genuine savings:... a cash gift an inheritance casino/other gambling winnings proceeds of the sale of a non-investment asset government grants and other finance offered as incentives The mortgage brokers at Best Home Loans have extensive knowledge of a broad spread of products from multiple lenders, so we’ll be able to match you with the right lender and loan.

18.01.2022 Townsville property prices are rising which means you may be able to use the equity in your family home to purchase an investment property. Property investing can be very rewarding, but like any investment, it holds risk. The first step is finding out how much equity you have in your home and how much you can borrow. Book an appointment with a Best Home Loans Mortgage Broker today. :D

12.01.2022 Whether you are buying land for an immediate build, as an investment or for a ‘one day I will build and live here’ dream, a vacant-land purchase can be financed by a range of mortgages. If you are planning to build immediately, or at least fairly soon, a construction loan might be the best option. Most lenders demand that building on a construction loan must start within a specified time, usually between one and three years, depending on which lender you use and whether the p...roperty will be owner-occupied or investment. If you don’t plan to build immediately, and you want the loan for the land without any time pressures, a vacant land loan may be the best option. If you have stumbled upon the perfect position for your dream home, future holiday getaway or retirement oasis, but aren’t ready to plan building it yet, the next step is to speak to our experts about the different types of loans that can finance the purchase.

05.01.2022 Looking for a new home loan? As mortgage brokers, we have a legal obligation to act in your best interests when recommending a loan. Get in touch with one of our mortgage brokers today to see if you can save any money on your home loan.

03.01.2022 Whether you’re after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you don’t find yourself hooked into a bad deal. Don’t be fooled by the interest rate - Finding a lower interest rate doesn’t necessarily mean you’ve scored yourself a better deal. Honeymoon rates are just that - Don’t be lured by offers with discounted introductory rates. Once the introductory per...iod is over, the interest will revert to a higher standard variable for the rest of the loan term. Be aware of the fees - One of the main purposes of refinancing is to lighten the financial burden, however, that doesn’t mean that it’s not going to cost you. There are many fees involved, which may include discharge and application fees, a valuation fee, land registration fee, and mortgage insurance.

03.01.2022 LMI is insurance that covers the lender’s risk within a residential mortgage transaction should the loan go into arrears and the borrower is unable to resolve the situation satisfactorily. A deposit of at least 20 per cent of the desired loan amount is required for a borrower not to be deemed ‘high-risk’. The beauty of LMI is that it buys time, which means borrowers with smaller deposits are able to enter the market sooner rather than later. The major benefit of LMI is that it allows the dream of homeownership to become a reality for a lot of first home buyers. To see if this is the case for you, speak to a Best Home Loans mortgage broker. :)