Mark Scherer in Tea Tree Gully, South Australia | Mortgage brokers

Mark Scherer

Locality: Tea Tree Gully, South Australia

Phone: +61 403 577 287

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• Mortgage brokers
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25.01.2022 Next time you reach for your phone to order Uber Eats ...... https://www.domain.com.au//how-your-uber-eats-history-cou/

24.01.2022 How To Combat ATM Fee Charges CONSUMERS who use ATMs not owned by their own banks paid $660 million in mostly unnecessary fees. A large chunk of this money could be kept in peoples pockets with some good planning and budgeting.... The fees, known as foreign ATM fees, are those charged by the ATM operator when consumers use an ATM that does not belong to their own bank, or is not in a network arrangement with their bank. The fees usually average $2 or more. The Australian Bankers Association says 40 per cent of all ATM transactions in 2011 were done at a foreign ATM. That figure is likely to be the same today. Its no different from going to a shop and buying a coffee youre purchasing a service from someone, says the ABAs chief executive, Steven Munchenberg. You are paying for the convenience. He says the best way to avoid these fees is planning and to be aware of where your own banks ATMs are located. You can also get cash out with Eftpos transactions, particularly at the supermarket. Munchenberg says for people who may not always have easy access to their own banks ATMs such as those in outer suburban or regional areas, the answer is to avoid making lots of small transactions. Legislative changes introduced in 2009 meant ATM customers had to be notified of the foreign ATM fee on the machines screen before the transaction was completed, and since then transactions at foreign ATMs have fallen. Many financial institutions now offer free ATM locator applications for smartphones. Source: news.com.au

24.01.2022 When was the last time you checked your home loan? If it was more than 2 years ago, weve got you covered. Book in your free home loan health check with our team today, to see if we can find you a better deal. Refinancing can save you money and isnt hard to do! Call us today on 0403 577 287 to book.

24.01.2022 Styling your home on a budget isnt easy. Check out these great tips Interior design leader of IKEA Australia, Christine Gough. Warning - some assembly may be required! https://www.mydomainehome.com.au/styling-apartment-with-ike

23.01.2022 Would you like to shave 10 years off your mortgage? How much interest could this save you? Its not rocket science, its simply a matter of making more repayments more often and making sure youve got the best mortgage for your situation. Of the millions of homeowners, only some are getting out from under mortgage payments years, sometimes decades, before their neighbours. How?...Continue reading

21.01.2022 What Is An Equity Line Of Credit? These loans are a great way to access the equity in your home to use for things like home renovations, investments or other personal purchases. Repayments on a line of credit loan are determined by the interest rate applicable at that time. If you have sufficient equity in your home, you will need to make a separate application for a line of credit loan. You have the added advantage of being able to make unlimited deposits / repayments as you... repayments are not set. You must check the conditions of these loans as they are sometimes more expensive than standard products. A line of credit is also a popular product with property investors as it gives them instant access for a cash deposit, and the ability to keep their properties separate from each other i.e. not cross secured. Think of it like a gigantic credit card with a limit. So planning and caution is strongly advised. For more information please click the Message tab at the top to request a specialist finance broker to call you. We start with a review on your current situation, answer any of your questions and explore any opportunities available to save you money and/or invest.

20.01.2022 Are your a First Home Buyer? In SA you may be eligble for a number of grants and concessions. Watch our video to find out more or make a time to speak with me on 0403 577 287.

19.01.2022 When it comes to choosing a home loan, there are many factors to consider on top of interest rates. Having the right features could save you big time in the long run, so its worth understanding whats available in the market and the benefits offered by different loans. Click here to read more about loan features to see what ones may be right for you. https://www.mortgagechoice.com.au//choosing-the-right-hom/

19.01.2022 Did you know if a home loan interest rate varies by 0.5% (on a $350K loan), thats a saving of $41,875.00 over the life of the loan? My free loan comparison service tells you how much you could save! Message me for a free check up today! PM me...

18.01.2022 A change of job may mean looking to buy a different home. How long do you need to be working in your current job to get a home loan? Check out our blog! https://www.mortgagechoice.com.au//for-how-long-do-i-need/

17.01.2022 What are guarantors and guarantor home loans? If youre a first home buyer, a guarantor loan could help you get into your first home sooner. Check out our video to find out more.

16.01.2022 If you are looking to buy a new car, youll probably spend ages comparing suitability and features. You dont have to spend the same amount of time looking for the finance. There are other options to dealer finance. Mortgage Choice does car loans as well! #takebackyourweekend #wedocarstoo https://www.mortgagechoice.com.au/mark.s/tools-resources//

16.01.2022 What is a repayment holiday? Exactly that... a period of time where you dont make any repayments on your home loan. Usually its a time when your financial situation changes... for example maternity leave, and therefore there is a period of reduced income.... Of course there can be other reasons too.. such as redundancies, illness etc... In any of those cases... rather than falling behind on your repayments, its critical that you speak with your bank or broker to get some early advice to make sure you work with your lender to find an appropriate solution. Feel free to click the message button if you need any information around taking a break from your home loan repayments.

15.01.2022 How Do I Pay Off My Mortgage Sooner? Pay more, more often. Want to pay off your mortgage early? Then make bigger mortgage repayments, more frequently. Youll own your own home sooner and save a bundle on interest. E.g. paying an extra $10 per week on a $350,000 home loan (@7% average) saves nearly two years off your mortgage and $34,382.65 in interested expenses ... Act now you pay most interest up front Most mortgages are structured so that you pay off most of the interest in the early years. If you are serious about wanting to reduce the interest you pay on your Home Loan, youll act now. Get rid of car loans and credit card debt Youre generally paying a higher interest rate on small loans (e.g. a car) and your credit cards so it makes sense to eliminate those debts first. So, put a rein on your credit card usage and then tackle your mortgage. Make sure youre paying off the right mortgage When you entered the mortgage market, you might not have been as well informed as you are now. Or the market might not have been as competitive. Stay in close contact with with us to stay informed you have the right loan. I can can let you know if there is a new home loan product that will save you money over the term of the mortgage. Flexible mortgages Most debt-retirement strategies depend on you being able to pay off more of your mortgage sooner. Read the fine print or talk to us to see if you have the flexibility you need to reduce your interest charges. Pay more and pay often Assuming you have a mortgage that lets you pay extra, you should pay more and pay often. The interest charged on a $ 300,000 home loan at a rate of 7.15% over 30 years with monthly repayments is over $420,000. By paying off an additional $50 a month, youll reduce the interest bill by $39,000 and your loan term by 2 years and 4 months. You could look at making repayments weekly or fortnightly rather than monthly. Over 30 years the savings add up. To learn more, talk to us today today. Information source: MFAA

15.01.2022 Did you know that you can refinance and consolidate your debt? Having multiple debts means juggling lots of different payments - some with high interest rates. Refinancing can reduce the amount you pay each month, and at a better interest rate. Ring me today on 0403 577 287 to make an appointment. https://www.youtube.com/watch

15.01.2022 "Looking to buy your first home and want to learn about your Credit Score? Then come along to our free First Home Buyers Presentation... see below:

14.01.2022 Have you seen our branded bus shelters? Boot Camps are all about focussing your energies on what is going to work best to achieve your goals. Are you Financially Fit? Call us on 0403577287.

10.01.2022 First Home Buyer Cheat Sheet: 10 Tips To Buying Your First Home So youre going to take the plunge into real estate ownership. Congratulations! Youve just made a smart decision in securing your financial future....Continue reading

09.01.2022 Heres an interesting take on balancing your lifestyle. Are sea sick tablets supplied? https://www.domain.com.au/living/reactor-house-769263/

08.01.2022 Looking to get approved for a home loan? But ... Started a new job? Short term casual employment? Commission Income? Bonus income?... No problem... we know which lenders will approve you! Message me now to give you a professional take on your situation.

08.01.2022 Looking for something a bit different in your next home? Check out these amazing and quirky homes from across SA. https://www.news.com.au///6e97888570ea634083ba24fb63dc5ceb

07.01.2022 What Is A Mortgage Offset Account? An offset account is a transaction account that can be linked to your home or investment loan. The credit balance of your transaction account is offset daily against your outstanding loan balance, reducing the interest payable on that loan. Offset accounts enable you to make the most of your income and other funds to reduce the interest payable on your home loan, thereby reducing your loan term.... How an offset account can work for you: A customer with a $150,000 home loan over 30 years would pay approximately $167,190 in interest. If the customer had an offset account linked to the home loan for the entire loan term with a constant balance of $10,000 in it, they would pay the loan off in 26 years and 4 months and pay just approximately $127,553 in interest. This represents a saving of three years and eight months and approximately $38,636.95 in interest. Please note: These figures are based on a Standard Variable Rate of 7.36% p.a. We not only assist our clients with finding the right loan for their situation, but our post settlement service is second to none. Post settlement we help our clients and show them how to correctly set up their banks accounts and how to link them the right way with their loan accounts. Click the message button above and ask us which lender is offering the right loan for your situation! (We have access to all the major banks and many other leading lenders)

07.01.2022 For those who want a bank branch close to home ..... https://www.commercialrealestate.com.au//six-charming-old/

07.01.2022 What Are Genuine Savings? Get approved today Genuine Savings For A Home Loan Deposit Explained Just when you thought that you could get the best home loan deal by simply having a lump sum of cash, you might have to think again. Not all cash deposits are acceptable in applying for a home or investment loan when your deposit is less than 20% of the purchase price.... These days you can obtain a home loan with as little as a 5% deposit. That means a bank can lend you up to 95% of the purchase price. If you are considering applying for a home loan with a deposit that is less than 20% of the purchase price then here are some of the things that you need to know. At least 5% of your deposit needs to be made up of genuine savings. 1. What exactly are genuine savings? These are savings that are held or accumulated in a savings account for at least three months. 2. What other assets might be considered as genuine savings? Other assets that can be considered as genuine savings are term deposits, shares, and equity in property that are held for at least three months. If you have any debts, e.g. a personal loan, and you have been paying extra off your debt above the minimum requirement, you can use this extra repayment towards your genuine savings calculation. If you are currently renting for 12 months or more through a Real Estate agent, you may be able to use those rent payments towards your genuine savings calculation as well. Please contact us to discuss your personal circumstances to see if you qualify. 3. What does not qualify as genuine savings? Gifts from parents Tax refunds Income Bonuses Inheritance money Cash kept at home If any of these apply, we recommend that you place those funds into a personal savings account and hold them there for three months to qualify. 4. How much do I need for a home loan deposit? You can obtain a home loan with as little as a 5% deposit. The major lenders may provide a mortgage up to 95% of the value of the property. In some instances you may be able to borrow the whole amount, contact us to see if you qualify. 5. Can I buy a property if I dont have genuine savings? We have access to lenders where you can borrow up to 95% of the purchase price without having genuine savings. Of course you still need to come up with at least a 5% deposit plus funds to complete (stamp duty, legal costs etc). Contact us today, simply click the Message button above and our home loan specialists will answer all your questions and assist you with finding the right home loan for your situation.

07.01.2022 Other newcomers on the financial playing field are Afterpay and Zip Pay. For years people have had access to Layby where you can make small payments against a total and when it is completely paid off, you can take the product home. With Afterpay and Zip Pay you can take the product home and small amounts are deducted from the credit card each month. With financial institutions focussing heavily on living expenses, such charges can impact your home loan application. https://finance.nine.com.au//12/06/15/58/afterpay-home-loan

06.01.2022 Did you know a lot of home owners overpay on their mortgage? Could a better deal put an extra $250+ per month back into your pocket? We offer a free Loan Comparison Service to see if switching could save you hundreds per month. Private message me today to get a free loan comparison!

06.01.2022 Is this your bank? Then its time to take advantage of our Free Loan Comparison Service. Some clients discovered saving $300+ per month by switching to a better deal. Private message me today to see how much you could save by switching.

06.01.2022 Here's an interesting take on 'balancing' your lifestyle. Are sea sick tablets supplied? https://www.domain.com.au/living/reactor-house-769263/

06.01.2022 Are conditional approvals worth the paper they are printed on? https://www.mortgagechoice.com.au//approvals-are-not-alwa/

05.01.2022 How much can you borrow and how do the lending institutions work it out? https://www.mortgagechoice.com.au//7-factors-that-affect-/

05.01.2022 Like to know how much you can borrow? Message me today to get your free borrowing capacity report!

05.01.2022 Check out this great article in Handyman Magazine. If youve answered yes to any of the questions in the article, now is a good time to check if your home loan is still the right one for your needs. Call us today on 0403 577 287 to book a free appointment to see what you could save.http://www.handyman.net.au/why-you-should-get-home-loan-hea

03.01.2022 Well it has been a BIG week, and I want to thank all of my friends, family and clients who have called to check on my wellbeing. In case you missed it, Justice Kenneth Hayne handed down his findings from the Royal Commission (RC) into the banking sector. Note that the RC was set up to investigate banks, not mortgage brokers. In reality, the big banks seem to have survived the RC quite well, reflected by a surge in their respective share prices on Tuesday and Wednesday. Not...Continue reading

03.01.2022 What is a split home loan? Its simply dividing your home loan into two or more loans. For example, lets say you have a $200,000 home loan. You could divide your loan into one portion being $150,000 and the other $50,000.... Why would you do that? It can protect you against rate fluctuations if you, as per in this example, say fix the $150,000 for three years and keep the other $50,000 portion variable with a 100% offset account. Simple strategies like this can give you security in the home loan market whilst at the same time keeping the flexibility of making extra repayments and redraw with the variable portion. There are a lot of different options with split loans and every situation is different depending on the clients needs. Click the Message button above if youd like a professional take on your situation to see if a split loan would be appropriate for you.

02.01.2022 With interest rates at an all time low, it is definitely worth finding out whether refinancing can help you. Check out this months blog. https://www.mortgagechoice.com.au//5-ways-refinancing-you/

01.01.2022 Did you know that if youve owned your home for a few years, theres a good chance youve built up some reasonable equity, and this can be a valuable resource when it comes to property investment. Talk to use today on 0403 577 287 to see how you can unlock your equity to invest in your future. https://www.youtube.com/watch

01.01.2022 Did you know there is a new robot that can mop, tidy and even fetch you a drink from the fridge? Where do we sign up! https://www.domain.com.au//a-new-robot-maid-from-aelous-c/