Jaco van Staden | Mortgage brokers

Jaco van Staden

Phone: +61 415 440 441

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24.01.2022 How to choose the right business loan From time to time, a business needs a cash injection. With so many lenders offering a dizzying array of products, it can be difficult to know what to choose. There are plenty of different types of business finance, but before diving in and applying, it’s important to understand your requirements first, so that a loan can be matched to your needs, and so that you can potentially avoid the problem in the future.... The consequences of choosing the wrong finance product include paying too much for finance, or ending up with a loan that simply isn’t fit for the purpose in this case it may make a problem worse, rather than solving it. It comes down to finding out what your real issue is. Work out how long it will take to repay the amount you need to borrow, whether the repayments will impact the business, what has caused the shortfall and whether you need to take any other action. A lot of people in need of short-term debt might not be invoicing properly or collecting their debts properly. Finally, make sure you talk to someone experienced before talking to bank staff, who may not have specialist knowledge of small businesses, or a good understanding of your business and its needs. https://buff.ly/3gZN3BV

19.01.2022 BROKER BANKER Two words, but a world of difference #Home Loans 101... These days, during the COVID economy, the majority of my home loan enquiries are coming from two types of Australians, depending on how COVID has affected them. In camp one, there’s those with a home loan whose income levels have changed for the worst. Their business has slowed, or their employment has been cut back or they’ve lost their job. Adjusting their home loans and other major debts to accommodate their new scenario is a common request these days. In camp two are those whose circumstances haven’t changed or have improved during COVID They are ready to capitalise on record low rate and government grants. Both camps are in a position to leverage the competition between lenders right now, and as a broker I’m placed well to handle that comparison and negotiation for them. Some people, surprisingly, still head straight to their existing bank to secure that new loan or refinance a current one. This baffles me. It’s 2020 and believe me when I say, loyalty doesn’t pay these days. https://buff.ly/3gZN3BV

14.01.2022 Why so many Australians are building rather than buying in 2020 There’s a land rush happening across Australia bolster by grants and incentives, and premium house prices. Lofty property prices - thanks to general scarcity of stock and buyers making the most of low interest rates - and a raft of compelling building and first home buyer incentives have turned the tide on the types of property people are buying in 2020. ... Vacant land is the new black. The biggest online property site in Australia reported that interest in vacant land shot up 180 per cent in response to the HomeBuilder scheme, which offers $25,000 to buyers. And it’s not the only incentive in the market. If you’re a first home buyer, you can couple the Homebuilder scheme with a first home buyer grant in your state. In most states that’s $10,000, plus everyone’s enjoying first home owner stamp duty concessions. With a raft of incentives, and property prices not budging even during a pandemic, more and more Australian are deciding to build rather than buy. Get in touch today to understand your options. https://buff.ly/3gZN3BV

05.01.2022 Rental yields what you need to know Rental yield essentially the rate of rental income returned against the costs of an investment property is a great indicator of a property’s investment potential. But you need to keep things in perspective when you factor it into your decision to purchase property. A good first step in examining rental yield’s impact on the investment potential of a property is to recognise that there are two types of rental yields, gross and net, and t...hey are calculated differently. In property, gross rental yield is calculated by dividing the annual rental income you receive by the property value, and then multiplying this figure by 100. For example, if you collect $20,800 rent annually ($400 per week) and your property value is $450,000, it will look like this: $20,800 (annual rent) / $450,000 (property value) = 0.0462 0.0462 x 100 = 4.622 The gross rental yield is therefore expressed as 4.622% But the gross rental yield can be misleading. Net rental yield, on the other hand, offers a more detailed picture of a property’s rental return. If you deduct $5,000 for annual costs and expenses from the annual rental income in the gross rental yield scenario in the example above, the net rental yield is 3.5%.

04.01.2022 The process of building a home and growing a baby are not so dissimilar. How long does it take? After you’ve saved for stamp duty and a deposit, secured land and loan, the journey of creating a new home averages about nine months - give or take. And just like parenthood, building a home from scratch, the trials and rewards are part and parcel of the journey.... Finding the one. Like having a baby, finding a reliable partner to embark on this journey with is an important factor. As far as you’re concerned, your builder has three key roles: complete the job on time, on budget, and without major problems. Half pregnant. So you’ve got the land, but not the house. If the land is registered you will begin by making mortgage repayments against the land loan amount. As construction starts on your property the bank will make progress payments to the builder and your mortgage repayments will go up each time a progress repayment is made. If the land is unregistered you will need separate loans. The juggle is real They say building a home is like having a baby; once it's all over you forget about the ordeal. https://buff.ly/3gZN3BV

02.01.2022 How Do Construction Loans Work? Building a home requires a special type of loan. Just as moving into an existing home is simpler than creating one from scratch, a construction loan has more processes and complexities than a standard mortgage.... First you work out what it’s all going to cost: the land, the materials, the labour, the stamp duty, deposit and legal fees. Then it’s time to get the deposit together and contact your mortgage broker. Four things to know about the characteristics of construction loans: You’ll often hear progress payments referred to as drawdowns You’ll only pay interest on the amount drawn down to date. So, if you had a $1m loan, and the first drawdown was $250,000 you’d only pay interest on the $250,000 initially. Loan repayments are also interest-only during the construction period At the end of the construction process your loan can either revert to principal and interest or interest only. Planning on building a castle your way? The sooner you speak to a broker, the smoother the journey. Get in touch today to understand your options. https://buff.ly/3gZN3BV