South East Wealth | Financial service

South East Wealth

Phone: +61 420 589 194

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23.01.2022 We are so thankful for the amazing feedback we have received from our customers. To refer a family or friend head to https://buff.ly/2MQcGcQ & click of REFER a FRIEND & we will call them for you.

17.01.2022 Step-by-step guide to refinancing Step 1: Understand why you’re refinancing Common reasons for refinancing include:... - Securing a lower interest rate - Improving loan features - Consolidating debt - Accessing home equity Step 2: Compare home loans options If you’re going to go to the trouble of refinancing, you’ll want to shift to the best new loan. Speak with a mortgage broker, check out some comparison sites, and talk to lenders to determine which loan is right for you in terms of the rate and features. Step 3: Crunch the numbers Refinancing can come with a range of costs. There can be upfront fees on the new loan, exit or discharge fees on the old loan and mortgage registration fees payable to the state government. Once you have all the figures available, do the sums to be sure the benefits of refinancing outweigh the costs. Step 4: Apply for the new loan Who doesn’t love forms? Refinancing your home loan will mean completing paperwork similar to that for your current loan. You’ll need to provide proof of income (usually several sets of recent pay slips), as well as personal ID. And because you’re already paying off a loan, the new lender will want to see several months of statements for your current loan. A refinancing loan is a whole new loan no cutting corners, no secret tricks. While it might be easier to prove you can afford to pay it, you’ll still have to go through the motions to secure it again. Step 5: Prepare for a valuation If you’re refinancing a home loan, it’s likely the new lender will want to value your home. Make sure you understand how the valuation works and what to expect. Allow time to spruce things up before it’s assessed, even if that’s just planting some new flowers and painting a unicorn on your letterbox. There are lots of small things you can do to maximise your property’s market value. Step 6: Loan approval If your application is approved, formal loan documents will be drafted and forwarded to you for signing. Be sure to read the paperwork carefully, and speak with your solicitor, conveyancer or mortgage broker if you have any questions. Step 7: Settlement Hooray, your refinancing loan is ready to go! On settlement day your new lender will receive the title deeds to your home (previously held by your old lender), and the old loan will be paid out. All you have to do is enjoy a better loan than before (and keep making repayments).

10.01.2022 What do renters want in a property? 3. Pet-friendly If our four-legged friends aren’t welcome in your property, you’re limiting your potential tenant pool. In fact, according to the RSPCA, about 62 per cent of Australian households own pets.... Pets (well, dogs) also provide excellent security, so your property may have less chance of being broken into. Schedule an appointment to talk to a home loan specialist to review your investment needs at https://buff.ly/2MQcGcQ

07.01.2022 What’s your home really worth? Type your address into any number of free ‘what’s your home worth’ websites and an approximation of your home's market value pops onto the screen in the blink of an eye. Easy. But no matter whether the figure you see sends your heart soaring - or sinking - take a minute to consider how accurate that value could be. What about the bathroom upgrade? The new kitchen? The barbecue area? All that money has to account for something.... Unlike other assets like your super, your home doesn’t come with an annual statement that shows what the place is worth at any point in time. But there are times like when you need to refinance your home loan, that it can be extremely helpful to have a reasonable idea of your property’s market value. There is a range of valuation options to choose from beyond the freebie websites. Each offers varying degrees of accuracy, and as is often the case, you get what you pay for. 1. One cost-free option is to have your home assessed by a local real estate agent. This gives you the benefit of a local expert walking through the property in person. The downside is that a market appraisal is not the same as a formal valuation, and the final figure could be bumped up if the agent thinks a listing could be gained. 2. Automated valuation models - These are a user-pays service usually provided by property research companies. 3. Electronic valuation - If you’re willing to pay a bit more, a desktop assessment or ‘electronic valuer review’ can crank up the accuracy factor 4. Go pro call a registered valuer- If you’re looking for a rock solid estimate of your home’s value, the most accurate (and costly) option is to have your home checked inside and out by a registered property valuer.