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Kelli-Rai Howden

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24.01.2022 Should you buy or build your next home? Many buyers struggling to find the right home are going back to the drawing board and building rather than buying an existing home. There are obvious benefits to a brand new home: you can build exactly what you want and enjoy shiny new surrounds, with no wear and tear costs for years to come. But there can be downsides to creating your castle....Continue reading

21.01.2022 Discover some great ideas for teaching kids about money: "Money doesn't grow on trees," we tell our kids. But do we help them understand where it comes from and what to do with it? Like most good habits, financial responsibility needs to be taught and modelled....Continue reading

21.01.2022 Competition among lenders for home loans remains steep but borrowers may still be missing out on great deals and important information that could save them thousands of dollars. 1. YOU CAN SET UP A LINE OF CREDIT TO HELP FUND YOUR INVESTMENT PROPERTY If you are negative gearing an investment property, you will have a shortfall between your costs and rental earnings. You can fund this gap with a line of credit (LOC) product using equity in your home or another property....Continue reading

20.01.2022 Now here is a Quick Guide to starting a Property Investment Portfolio. While it's hard to predict where the housing market will head in the future, there are some clear signals that investing in property will remain a solid option for long-term wealth generation - and the sooner you start the better. One of the key factors to consider is the demand for housing. Australia typically faces a housing shortage, with home ownership on the decline and renting on the rise. ...Continue reading

18.01.2022 Have you considered a second residence on your property? Home owners looking to invest in a rental property without taking on significant debt are finding a solution in their own backyard. The granny flat is regaining popularity as a solution to tight rental markets, an ageing population and metropolitan land shortages, thanks to more relaxed legislation in some parts of Australia....Continue reading

16.01.2022 How many ways can you buy a swimming pool? Question: How many ways can you buy a swimming pool? Answer: At least 8 different ways that I can think of.... And not all of those ways may be suitable for everyone - here is my list. Not everyone wants a swimming pool either. But perhaps a new car, maybe a boat, a motorbike or a decent holiday? A caravan or a new garage? An aeroplane even? Doesn't really matter what it is, but if you need to spend a serious amount of money, it may be worth looking at some of the things you can do with your home loan to facilitate your new purchase. You see, 6 of those 8 different ways I mentioned actually involve your home loan, so it's probably worth a look first, just to make sure. That's where I can help. It doesn't cost anything to check out what would work for you, and then you can actually make an informed choice. The least I can do is point you in the right direction and the privacy act ensures our conversation is entirely confidential. What do you think? Contact me and we'll see where you stand. http://www.mortgageaustralia.com.au//8waystobuythatpool.pdf

15.01.2022 Over 55% of Australian borrowers (including 65% of first home buyers) choose to use mortgage brokers to secure their loans. https://www.keepcompetitionalive.com.au

10.01.2022 Have you spotted a property bargain recently? If you think there may be a few property bargains just waiting for you to check them out, why don't you ask me to confirm your borrowing capacity before you go and have a look around? There have been lots of changes in home loans too, so a bit of homework could be worthwhile.... It doesn't cost anything to find out and usually only takes a few minutes. The least I can do is point you in the right direction and the privacy act ensures our conversation is entirely confidential. Some of my more astute investors take the opportunity during these times to purchase more investment properties while the market conditions are good. If you'd like to know more about this, contact me about using your equity to purchase an investment property. An email or a phone call is all it takes.

10.01.2022 Introducing the new home building methods that can save you a lot of time and money. In the past, prefabricated houses would connote images of tackiness and shipping container living, but prefab housing is now enjoying an avant-garde revival. Today's prefab houses consist of high end materials, follow strict green building practices and are designed by leading architects. Often they have substantially better thermal ratings than brick homes, meaning they actually cost a lot l...ess to heat and cool. Some new builders even start with a traditionally built lower floor, then build a prefabricated second floor, being less expensive and much faster than building a standard two-storey home. To find out more, download my short introductory PDF article to this style of home that is growing in popularity - Absolutely Prefabulous. http://www.mortgageaustralia.com.au//absolutelyprefabulous

10.01.2022 Mistakes to avoid when purchasing a property: Your home is probably the biggest purchase of your life. It makes sense that you should give this decision the attention it deserves, and do your homework. Why then, do so many people get it wrong? Searching without getting finance approval...Continue reading

08.01.2022 Bridging finance vs deposit bonds - avoid financial distress by learning the difference: Have you decided to purchase a new home before your existing home is sold and settled? Bridging finance might be an option for you - but beware - there are some pretty big risks involved. Bridging finance allows you to purchase a new home while your old home is not yet sold. As the name suggests, this sort of loan will 'bridge the gap' between two properties by financing both for a short ...Continue reading

07.01.2022 Here are the key questions many property investors ask me. 1) What's the difference between an investment loan and an ordinary home loan? Most of the same types of home loans and loan features apply for investors as for owner occupiers. Some lenders may charge higher rates for investment properties if the associated risks are higher....Continue reading

01.01.2022 If you really want to save money - it might be time to refinance. Should you refinance? "My lender is charging me a higher home loan rate than I see advertised elsewhere. Can I change lenders?"... This is exactly the reason why most people change lenders. There may be a penalty clause in your current home loan, meaning you may need to pay a discharge fee, but it could still be in your financial interests to change. When shopping around it is always important to look for the comparison rate of a product. A comparison rate is essentially the true rate, taking into account the fees and charges you will pay on the loan. So even though you see a lower rate it doesn't mean the repayments are less. "I have just come off a 'honeymoon' interest rate to a much higher rate. Can I move lenders or am I locked into my mortgage?" You can walk away from most mortgages, although penalty fees sometimes apply to fixed rate loans. "If I move my mortgage to a new lender, is there anything stopping that lender from increasing their rates in a few months time?" It depends what kind of product you have. If you're concerned about rising rates, perhaps you should consider a fixed rate home loan, where repayments are fixed for a period from 1 to 5 years. "Why do some lenders charge more than others for lending the same amount of money?" Banks and other lenders pay different amounts for the money they on-lend to you, they have different overhead structures and different profit expectations. All these factors affect how much they charge to lend people money. "What documentation do I need to refinance?" The last 3 - 6 months of mortgage statements is sufficient to begin this process. I can advise on other documentation.