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Navjot Kasturi

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19.01.2022 Drive away in your dream car. Contact me for a low cost carloan.

18.01.2022 We all know that interest rates are cyclical and that when rates go down they will eventually go up. As a result, lenders have been assessing loan applications on the ability of borrowers to make repayments at interest rates approximately 2% higher than those currently available. While lenders have been assessing your ability to make repayments at a higher interest rate, what is the reality of the fi nancial impact of your regular loan repayments?... To make sure you are ready, click here to read my "What goes down, must come up" article. https://www.mortgageaustralia.com.au//whatgoesdownmustgoup

15.01.2022 BUYER BEWARE THE BARGAINS Limited cash flow and equity mean many first-time property investors feel the need to chase down a bargain to enter the market. But, like most things in life, you usually get what you pay for, which in the case of property can mean unrealised returns or even losses. While theres nothing wrong with paying less in the hope of making more, investors need to understand when a cheap property is truly a bargain and when they could be selling (or rath...Continue reading

14.01.2022 Do you know the difference between how much you 'can' borrow, and how much you 'should' borrow? There might be a very big difference between how much a lender is willing to give you, and how much you can comfortably afford to repay. So how do you work out your real 'should' borrowing capacity? Don't you want to be sure that you can afford to make the repayments on your loan?... Lenders will take into account your ability to repay the loan, based on what you earn, how many dependants you have, what your credit rating is, and your declared living expenses. However, lenders only know what you tell them, and there are a few things you need to take into account that might not be considered by a lender when deciding on your borrowing capacity: Job Security How secure do you think your job is? If you've worked for the same company for several years and earn a decent wage, your lender will view this very favourably. But have you been hearing murmurs about a possible restructure? Do you work in a department that could potentially be outsourced offshore? You're in a much better position to assess your job security than a lender is, and you need to be realistic. If you commit to the maximum loan amount and then your role is made redundant, you might struggle to keep up your end of the bargain. Job Satisfaction Your excellent employment history was a definite tick for your lender, but how do you feel deep down about your job? Have you just been hanging on until you can get finance approved? If this is the case, think carefully about how much you should borrow. You might need to take a pay cut early on, if you decide to move into a different line of work. Family Planning You answered 'zero' when asked about your dependants, which contributed to the assessment your lender made when offering you a bumper loan. But what if you were suddenly expecting a child, or if you decide to expand your family a few years down the track? Your Lifestyle You might be able to 'afford' the repayments on a big loan, but what happens when mother's day, your brother's birthday and your car registration all come around at once and you need some extra cash? Or maybe you would like to take a holiday at some stage next year. Don't leave yourself short, or it's going to be a very long 25 to 30 years. Your other goals Would you really love to continue your studies in a few years? Do you dream of taking off for a few months to take the kids around Australia? Don't forget about your other dreams and goals when you work out how much to borrow. You still need to have a life, and some things are more important than having a spare room for your shoe collection.

13.01.2022 If you are thinking of buying - start your research with a Free Suburb Profile report. Australian consumers have grown to be exceptionally educated when it comes to researching the property market. Not a day goes by when there isn't an article in the media reporting some aspect of the property market.... Information providers like MyRP Data make researching the local marketplace much easier for the average buyer, seller or investor. Visit www.myrp.com.au/n/free-suburb-profile/myrp-545 for a free suburb profile report. Please also download this guide for more details. https://www.mortgageaustralia.com.au//savvypropertypurchas

13.01.2022 Wish you and your family Happy Vijaya Dashami, Maa Durga bless you with good health, wealth, peace, happiness and prosperity.Wish you and your family Happy Vijaya Dashami, Maa Durga bless you with good health, wealth, peace, happiness and prosperity.

10.01.2022 Australians are enjoying the lowest interest rates in history. It is no coincidence that the growth of the Mortgage Broking industry has forced the big banks to compete for your business by lowering their interest rates. Without us, everyone will be paying more for their home loans. https://www.afgonline.com.au/broker/keep-competition-alive/

10.01.2022 One size doesn't fit all when it comes to home loans. Make sure you choose a loan with the features and benefits that are right for you. Here's a guide to common loan features and benefits. 1) Interest only repayments...Continue reading

09.01.2022 Discover the pros and cons of each type of home loan: There are literally hundreds of home loans available, with new products emerging all the time. A professional Mortgage Broker can recommend a loan for your particular needs, help you to complete the paperwork, professionally package it with your supporting documents and submit it to your chosen lender....Continue reading

06.01.2022 Cure your confusion today - 9 steps to purchasing your first home. Do you start to get a headache when you think about everything involved in getting a home loan? Don't despair. Many other borrowers have felt the same way in the past. ...Continue reading

06.01.2022 Why part-time work is good for kids: In our stable economy, there are plenty of opportunities for young people to get a part-time job. Kids need to be 14 before they can get a proper paying job and they need a tax file number (TFN). High-schoolers can skip the usual paperwork by applying for a TFN through the secondary schools program, which allows schools to verify a students identity through their records. If your school doesnt participate in the program or you attend uni...Continue reading

05.01.2022 A reverse mortgage definitely is not for everyone, and you certainly need to be aware of the risks. But in the right circumstances, it can be a good way to boost your income in retirement. A reverse mortgage is for people over 60 and allows you to borrow money using the equity in your home as security. The loan can be taken as a lump sum, a regular income stream, a line of credit or a combination of these options.... While no income is required to qualify, credit providers are required by law to lend you money responsibly so not everyone will be able to obtain this type of loan. Interest is charged like any other loan, except you don't have to make repayments while you live in your home - the interest compounds over time and is added to your loan balance. You remain the owner of your house and can stay in it for as long as you want. You must repay the loan in full (including interest and fees) when you sell your home or die or, in most cases, if you move into aged care. Some of the risks: - Interest rates are generally higher than average home loans - The debt can rise quickly as the interest compounds over the term of the loan - this is the effect of compound interest and is something you need to be aware of before making any decisions - The loan may affect your pension eligibility - You may not have enough money left for aged care or other future needs - If you are the sole owner of the property and someone lives with you, that person may not be able to stay when you die (in some circumstances) - If you fix your interest rate then the costs to break your agreement can be very high On 18 September 2012, the Government introduced statutory 'negative equity protection' on all new reverse mortgage contracts. This means you cannot end up owing the lender more than your home is worth (the market value or equity). To find out more, have a look at the this Government webpage which explains things in more detail: https://www.moneysmart.gov.au//home-equi/reverse-mortgages https://www.moneysmart.gov.au//home-equi/reverse-mortgages