Jimmy Medree in Sydney, Australia | Mortgage brokers

Jimmy Medree

Locality: Sydney, Australia

Phone: +61 405 570 207

Address: Waterloo 2017 Sydney, NSW, Australia

Website: http://www.mortgageaustralia.com.au/jimmymedree

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23.01.2022 Do you have the right things covered? It's funny how most of us insure the simple and basic things that can easily be replaced - like our car and the contents of our home. However, not many of us cover the most important things- like our health and income.... These statistics outline how 75% of us will be diagnosed with a serious illness during our working life, yet nearly all of us are under insured when it comes to protecting our life and income. Regardless of whether you rent, have a home and mortgage or are paying off an investment property, its important to protect your income in the event of unforeseen circumstances. Please read my short factsheet - Do you have the right things covered? https://www.mortgageaustralia.com.au//doyouhavetherightthi

21.01.2022 Is changing your job going to affect your ability to buy a new home? Approximately half the Australian workforce is considering a job change at any one time. Younger people are the most active in the job market with those under 30 almost twice as likely to change jobs as those aged over 40.... But did you know that lenders may not view a new job as positively as you do? If you are thinking of buying a home or investment property, its important to get your timing right when it comes to changing your employment so it doesn't upset your plans. But if you are considering a career change, or have recently changed jobs, by managing things properly you may not need to put your borrowing plans on hold. To avoid problems, please check out this article - "Will the Bank be Impressed with my New Job". https://www.mortgageaustralia.com.au//willthebankbeimpress

21.01.2022 Do you know what your credit record says about you? Have you ever actually seen it? For many borrowers, it can be quite a surprise to learn that a few blotches have appeared over the years on their credit history report. ... Unfortunately, many are blissfully unaware until they apply for a home loan. Once your application has been lodged, it can be tricky to challenge your credit report and prove your worth to the lenders. Don't let this happen to you. Enrol in boot-camp today and get your credit record in shape - and the good news? You won't need to squeeze into the Lycra and start counting calories. 1) Review your credit record The first step is to get your hands on a copy of your credit history report. This can usually be done through your mortgage broker, or by directly contacting a Credit Reporting Body. There are quite a few companies who can provide your credit report to you, but the national bodies are: Veda, D&B, and Experian. 2) Challenge any discrepancies or misunderstandings If you think that there's a discrepancy on your credit history report, you can challenge these. The first step is usually to contact the company who added the incorrect information to your report, and see if they can amend it. Failing this, you can dispute the discrepancy through a Credit Reporting Body. 3) Be honest It pays to be upfront with your lender about anything on your credit report that could impact your ability to borrow. Most lenders are fairly strict, but some will take into account your explanation credit issues, and the steps you took to resolve them. 4) Cut down debt and credit Before you apply for a loan, try to reduce the amount of credit card debt - and also available credit that you have. Some borrowers are surprised to learn that a credit card with no debt owing at all - but with a high limit, can have an impact when being assessed for a loan. Try to reduce your limits wherever possible, or if you don't really use the card then consider cancelling it. 5) Know your finances Come to the first meeting with your lender or broker, prepared to explain your budget, expenses, income and your capacity to repay the loan. It's also important that you can demonstrate savings, as most lenders will require at least 5% of the purchase price in order to approve a loan. When it comes to the deposit, the more you can pay upfront, the greater your chances of being approved for a loan. If you can put down 20%, you will remove the need for Lenders Mortgage Insurance (LMI) which could represent significant savings for you.

12.01.2022 Do you have a big ticket item you would like to purchase but aren't sure the best way to do it? There are many different ways we can buy things - some better than others. There are also some that can end up costing you way more than you might realise.... To give you a few new ideas, please have a look at my short "9 Ways to Pay for My Racehorse (or holiday, pool, car ...)" PDF article. https://www.mortgageaustralia.com.au//9waystopayformyraceh

03.01.2022 How to make sure your next home isn't a money pit. The typical home purchaser spends around 90 hours over 6 months browsing the internet, researching websites, visiting real estate agencies and inspecting no less than a dozen properties. However we only spend a little more than one hour inspecting the home we eventually purchase.... Not surprisingly, 55% of us discover 'hidden problems' after the settlement. Please read this article on how to avoid problems before finalising the purchase of your next home - Biggest Investment. https://www.mortgageaustralia.com.au//biggestinvestment.pdf