Loan Market in Erina, New South Wales, Australia | Financial service

Loan Market

Locality: Erina, New South Wales, Australia

Phone: +61 478 658 653

Address: Suite 4.05, 200 Central Coast Hwy 2257 Erina, NSW, Australia

Website: www.loanmarket.com.au/graham-law

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• Property
• Financial service
• Mortgage brokers

25.01.2022 It's no wonder broker market share continues to grow (the number of people getting their loan through a broker rather than going direct to bank themselves). Brokers work for you to find the right loan out of the many available options, banks work for themselves to only sell you their loan. It's a no brainer. #brokersworkforyou

24.01.2022 Excited to announce that I have been selected as a finalist in the 2020 Australian Broking Awards, Customer Service of the Year - Individual. It has certainly been a challenging year, even more so the last few months. Going into business is never easy, particularly with a young family. Thankfully I have a supportive and patient wife who allows me to pursue my goals. Thanks to my clients, and also to those who have referred clients to me. With a large portion of my business coming from people referring their friends and family to me, that's the best recognition I could ever ask for. #dowhatyoulove #lovewhatyoudo

24.01.2022 The most rewarding part of my job is seeing my clients purchase their first home or dream home. Grateful to get another 5-star google review and some great feedback from a first home buyer couple I recently helped

22.01.2022 Grateful to receive another 5-star google review from another amazing client Banks have certainly tightened up and slowed down during the COVID period, but they are still lending! You just need to make sure you get the right loan from the right lender. If you'd like help, make the call: 0478 658 653.

22.01.2022 What is #Gazumping? Having almost been gazumped myself before and seeing several clients get gazumped, it's important to understand what this is. Gazumping occurs when an agent or seller accepts your verbal offer to buy a property at an agreed price, but the property is then sold to someone else. This usually happens when the vendor (seller) sells the property for a higher amount. The agent is legally obliged to pass on to the vendor any further offers received for the property up until the exchange of contracts. Read the attached article for some ways you can protect yourself from being gazumped. One key tip is to always have your loan finance pre-approved. #DontGetGazumped #GetYourFinanceReady

22.01.2022 HOW MUCH DEPOSIT DO YOU REALLY NEED? One of the most common misconceptions among first home buyers is that you only need a 5% deposit to buy a property. While there are some exceptions (read below), for the majority of first home buyers you will need more than 5% deposit. *EXAMPLE - $600K HOUSE PURCHASE > Most banks allow you to borrow up to a maximum 95% of the property value (i.e. $570k loan on a $600k house purchase is 95% loan-to-value ratio)... > The maximum 95% loan-to-value ratio limit noted above includes LMI (Lenders Mortgage Insurance) charges > LMI at that level of borrowing is approx. ~3% of the property value > We therefore need to allow for that in the 95% total borrowing limit which means maximum borrowing before LMI charges are added = 92% of the property value > This requires 8% deposit + legal fees & other costs > 8% deposit on $600k = $48k > Legal fees & other costs = minimum $2k (maybe an extra $1k depending on your conveyancer and pest & building report fees etc.) > Total minimum deposit required = $50k on a $600k purchase *OTHER COSTS > If you are not a first home buyer, or if you are a first home buyer that doesn't qualify for the NSW First Home Buyers Assistance scheme (stamp duty waiver), then you will need to have enough funds on top to cover stamp duty as well. There are some exceptions where a smaller deposit may be allowed: > Utilising a family guarantor > Federal Government 'first home loan deposit scheme' for first home buyers (very limited availability) > A small minority of lenders may allow a lesser deposit, but this attracts much higher interest rates. Also strict criteria applies. If you would like to find out more, please don't hesitate to reach out: 0478 658 653 [email protected] www.loanmarket.com.au/graham-law

20.01.2022 Another google review, another valued client If you're not working with a good mortgage broker, or know someone that needs help with finance, please don't hesitate to reach out: 0478 658 653 [email protected] www.loanmarket.com.au/graham-law

19.01.2022 This is why it pays to deal with a good mortgage broker. On the mainstream media news (source: Canstar 'comparison' site), they list the 'cheapest' home loans with a 20% deposit. Gotta love accuracy in reporting. I could list 5 major banks and lenders who have cheaper rates than this. All accessible via brokers. This is why more Australians are turning to brokers. Great reporting by the media....

14.01.2022 Pre-Approval. What does this even mean? Is it your golden ticket to be able to purchase a property? Pre-approval is when your lender gives you conditional approval to borrow a certain amount of money to buy a property. This is intended to give you clear guidance and peace of mind knowing how much you can spend.... Important to note that all pre-approvals are not the same. There are two types of pre-approvals: 1. Fully assessed pre-approvals 2. System assessed pre-approvals With a fully assessed pre-approval, your loan is manually checked over by a credit assessor from the bank, they look over and verify your information & documents including employment history, income, expenses, assets & liabilities. Typically the pre-approval is issued subject to finding a suitable property. For system assessed pre-approvals, this simply means the information provided to the bank has merely gone through a computer system and spat out a decision. The problem with system assessed pre-approvals is that they are only manually assessed by the bank's credit assessor once a property has been found. This means that if the credit assessor doesn't agree with some of the information provided, they can decline the deal at the last minute. Some bank's provide fully assessed pre-approvals, some only provide system assessed pre-approvals. If you'd like to find out more about getting a pre-approval, make the call: 0478 658 653

13.01.2022 In the current market there are many obstacles that can derail your home loan application. Trying to find the right loan by yourself can often feel like navigating a maze. Don't go it alone, get in touch: 0478 658 653 [email protected] www.loanmarket.com.au/graham-law

13.01.2022 #MoreThanJustHomeLoans

12.01.2022 *** New HomeBuilder Scheme - $25k grant *** *Refer attached link for government response including FAQs and Fact Sheet. In short: * $25,000 NEW HOMEBUILDER PACKAGE To access HomeBuilder, owner-occupiers must meet the following eligibility criteria: ... you are aged 18 years or older and an Australian citizen; you meet one of the following two income caps: - $125,000 per annum for an individual applicant based on your 2018-19 tax return or later; or - $200,000 per annum for a couple based on both 2018-19 tax returns or later; you enter into a building contract between 4 June 2020 and 31 December 2020 to either: - build a new home as a principal place of residence, where the property value does not exceed $750,000; or - substantially renovate your existing home as a principal place of residence, where the renovation contract is between $150,000 and $750,000, and where the value of your existing property does not exceed $1.5 million; construction must commence within three months of the contract date. See more

12.01.2022 The most common question asked (for good reason). There are many factors that go into determining your borrowing capacity, which means the answer to this question is not always straightforward. The factors to consider include things such as: employment type, income type, living expenses, assessment rates, LVR, LMI, and many other factors and acronyms. Each lender also has their own policy around these factors which means each lender may offer a different borrowing capacity. This is a key reason why it's important to get the right guidance to help you get the right loan with the right lender for your situation. If you want to find out what your options are, make the call: 0478 658 653

08.01.2022 Do you want the cheapest loan or the right loan? * Sometimes the cheapest loan is the right loan. * Sometimes you get what you pay for. > Cheapest may mean waiting weeks for your loan application to be assessed. > Cheapest may mean poor service.... > Cheapest may mean you're loan application has a higher chance of getting declined. > Cheapest may mean the next bank you try to get finance with after your decline becomes even more difficult once your credit score has been impacted. > Cheapest may mean you miss out on a property you're interested in. > Cheapest may cost you more time and/or money in the long run. It always pays to do proper due diligence and research to make sure you get the right loan. Getting a low interest rate is certainly important, but if you get declined or miss out on a property you're interested in then 'cheapest' becomes irrelevant.

04.01.2022 Nice to get some positive feedback from a bank for submitting a quality application! Application submitted Wednesday arvo, valuation Thursday, Unconditionally Approved midday Friday. Having a broker who takes the time to dot all the i's and cross all the t's when presenting an application to the bank can make all the difference whether your loan even gets approved, and/or gets approved in a timely manner with no or minimal rework. #GetItRightTheFirstTime #FirstTimeRight #FastApproval #QualityApplication

04.01.2022 Another 5-star google review. It's always a great feeling to get feedback like this. Regardless of how complex a clients situation is I always do my best to try and find the right solution. Blessed to deal with such amazing clients

03.01.2022 Banks & lenders love borrowers who show good financial habits. Broadly speaking, home loans are most likely to be lent to borrowers who... (read the article to find out)

03.01.2022 Another milestone 20 5-star google reviews. Always very appreciative when clients take time to leave me a review. If you are in the market for a home loan or know anyone that needs help, please don't hesitate to reach out: 0478 658 653 [email protected] www.loanmarket.com.au/graham-law

03.01.2022 #LoanJargonExplained #RedrawFacility

03.01.2022 **VERY IMPORTANT TO-DO LIST** If you want to see how much you could save, make the call: 0478 658 653 [email protected] www.loanmarket.com.au/graham-law

02.01.2022 #LoanJargonExplained #OffsetAccount

01.01.2022 The Australian Broking Awards were on last night, which celebrates the leading players in Australia’s broking industry. Whilst I didn't take home the the win, I'm still very proud to be selected as a finalist. Having been in business for less than two years, it's nice to know things are heading in the right direction. Looking forward to the journey ahead and helping many more clients along the way. #dowhatyoulove #lovewhatyoudo

01.01.2022 Meet Sarah, our new Client Service Manager! Due to continued business growth, we are pleased to welcome Sarah to the team to allow us to help even more clients. Sarah has a strong background in client service and loan administration, and will support Graham behind the scenes to ensure your loan application goes through as smoothly as possible. Welcome to the team Sarah, great to have you on board!