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Silver Lining Finance

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18.05.2022 Tips for borrowers planning to start a family Having a baby is one of the most wonderful experiences in life, but it can also be stressful. You don’t want to be worrying about how you’re going to juggle your finances once your baby arrives. The time to start planning is when you decide to become, or find out that you’re going to be, a parent.... Plan early and seek advice While many couples juggle mortgage repayments with bringing up a baby on a single income, a little planning goes a long way to help new parents ease the financial load. There are a few options on offer by lenders, but as well as seeking advice from your mortgage broker, talking to friends and family about their experiences is also a good place to start. Make extra loan repayments Consider payment honeymoons or holidays which are available to some borrowers depending on the type of loan you have. For those who do have that option, access generally depends on the amount of prepaid funds you’ve accrued. For example, if you’ve been paying extra into your loan for a while and now have $20,000 in your redraw facility, it’s these funds that will cover your payment holiday. But, once these funds have been used up, the payment honeymoon is over. Take advantage of government assistance and all leave types Get to know all government family assistance payments that are available to you and take advantage of all types of leave offered by your employer, such as holiday, maternity and long-service leave. Making decisions about how you’ll use the leave means you can put a plan in place early. Consider switching to interest-only repayments While some people may be able to switch to interest-only repayments, it’s important to remember that lenders still expect the loan to be paid out in (usually) 30 years. So if you’re not paying any principal for a while, this will impact on your minimum repayments when you revert back to principal and interest. Think about whether to fix or not Things that might affect your decision include the length of time you’ll be on one income, the income amount, and whether or not you have ongoing additional expenses, such as a car loan but be cautious, consider your personal circumstances before making a decision. http://www.silverliningfinance.com.au/contact-us/

18.04.2022 What’s the max amount I can borrow? One of the most frequently asked questions when it comes to securing a home loan is how much can I borrow? The answer to this question of course, varies between lenders and applicants. Since everyone has a unique financial situation, it is difficult to estimate borrowing capacity without some specific details about the borrower in question.... However, there are some common requirements among a broad spectrum of lenders and there are also some useful tips you can follow to maximise your borrowing capacity in the eyes of lenders. An easy way to get started is to input your details into an online mortgage calculator this can give you a quick estimate of the amount of money you are able to borrow, based on a few factors such as income and expenses. Look at the calculators on our sister website. www.mypropertycalculator.com.au To get a more detailed account of your financial situation, it is best to speak to a Silver Lining Finance Broker. As a home loan professional with in-depth knowledge of the expansive range of products and lenders on the market, Silver Lining Finances are well-placed to offer you targeted advice about which option will best suit your personal situation. In order to give yourself the best shot at securing the amount you desire, there are a few things you can do. 1. Close any inactive accounts even if your balance is zero, the lender will still count this against you. 2. Pay off any unpaid debts and consolidate open lines of credit. 3. Set up a realistic budget for yourself. A savings plan will not only help you in the application process, but will prepare you for paying mortgage repayments each month once you move in to your new home. 4. Talk to a Silver Lining Finance Broker about any financial areas you may need to address before applying for a loan. www.silverliningfinance.com.au

08.04.2022 Keep Your Eye On The Ball and Review Your Home Loan A home loan is a big commitment and one you will most probably be living with for a few decades.That's why a Silver Lining Finance Mortgage Broker can be particularly helpful in making sure you get the right home loan for your circumstances when you are buying property. Everybody's circumstances are different when it comes to picking the right kind of mortgage finance, which is why it is important to discuss your personal si...tuation in depth with an expert from Silver Lining Finance. Once you are a home owner however, that doesn't mean that you needn't give your home loan any further thought beyond your monthly repayment. In fact, it can be very beneficial to conduct regular reviews of your home finance. That's because just as everybody has different needs at the time of buying property, they can also have similarly disparate circumstances five or ten years down the track. You may find that the loan structure that was perfect for you just a few years ago now doesn't quite work as well in your current situation. Home owners choose to change how their mortgage finance works for a variety of reasons. They may wish to restructure their loan to better take advantage of market conditions, which could have changed significantly since buying their house. It could be that they now have more debts and would like to consolidate these with their home loan so that they can get a more competitive interest rate and one simple monthly payment. Alternatively, if your income has increased, you might like to join other home owners in seeking a way to increase your mortgage repayments so that you can get mortgage free faster. Home loan refinancing may be able to help you achieve one of these goals, which is why it is good to check in with Silver Lining Finance for a home loan health check. www.silverliningfinance.com.au

01.04.2022 How can a home loan calculator help you plan? Whether you are wondering about your borrowing capacity, or wish to calculate your anticipated mortgage repayments, a home loan calculator can be a valuable tool. Read on to find out more about our favourite calculators and how they can help you to save money on your mortgage. The cost of buying... When it comes to buying a new home, there are many costs to consider beyond the purchase price. A cost of buying calculator helps you to weigh up and evaluate your various expenses including inspection reports, loan application fees and mortgage insurance to help you determine the true costs of buying a property. Your borrowing capacity If you’re a first-time buyer and new to the home loan space, you might be curious about how much money you are able to borrow. By supplying the details of the people applying for the loan including your gross earnings, the limits on your current credit card and the number of cars you own, you can get a quick and easy estimate of how much you can realistically afford to borrow. Mortgage repayments My Property Calculator web site has simple online tools to help you determine your mortgage payments based on a number of factors namely, your loan amount, your rate of interest and the term of your loan. Your repayment frequency monthly, weekly or fortnightly and your repayment type will all affect how much you owe. Paying your mortgage off even faster You may wish to make extra repayments on your mortgage from time to time. This can help to shave years off the term of your loan and has the potential to save you thousands of dollars in interest. By quickly running your figures through the extra repayment calculator, which is on the My Property Calculator website, you’ll be able to see an estimate of where you stand and what you could afford to save. My Property Calculator has a great range of mortgage calculators to help with all those tough decisions that come with finding the right loan. Have a look at our calculators on our website to help you further. www.mypropertycalculator.com.au See more

23.01.2022 Keep Your Eye On The Ball and Review Your Home Loan A home loan is a big commitment and one you will most probably be living with for a few decades.That's why a Silver Lining Finance Mortgage Broker can be particularly helpful in making sure you get the right home loan for your circumstances when you are buying property. Everybody's circumstances are different when it comes to picking the right kind of mortgage finance, which is why it is important to discuss your personal si...tuation in depth with an expert from Silver Lining Finance. Once you are a home owner however, that doesn't mean that you needn't give your home loan any further thought beyond your monthly repayment. In fact, it can be very beneficial to conduct regular reviews of your home finance. That's because just as everybody has different needs at the time of buying property, they can also have similarly disparate circumstances five or ten years down the track. You may find that the loan structure that was perfect for you just a few years ago now doesn't quite work as well in your current situation. Home owners choose to change how their mortgage finance works for a variety of reasons. They may wish to restructure their loan to better take advantage of market conditions, which could have changed significantly since buying their house. It could be that they now have more debts and would like to consolidate these with their home loan so that they can get a more competitive interest rate and one simple monthly payment. Alternatively, if your income has increased, you might like to join other home owners in seeking a way to increase your mortgage repayments so that you can get mortgage free faster. Home loan refinancing may be able to help you achieve one of these goals, which is why it is good to check in with Silver Lining Finance for a home loan health check. www.silverliningfinance.com.au

20.01.2022 http://www.silverliningfinance.com.au/

18.01.2022 What’s the max amount I can borrow? One of the most frequently asked questions when it comes to securing a home loan is how much can I borrow? The answer to this question of course, varies between lenders and applicants. Since everyone has a unique financial situation, it is difficult to estimate borrowing capacity without some specific details about the borrower in question.... However, there are some common requirements among a broad spectrum of lenders and there are also some useful tips you can follow to maximise your borrowing capacity in the eyes of lenders. An easy way to get started is to input your details into an online mortgage calculator this can give you a quick estimate of the amount of money you are able to borrow, based on a few factors such as income and expenses. Look at the calculators on our sister website. www.mypropertycalculator.com.au To get a more detailed account of your financial situation, it is best to speak to a Silver Lining Finance Broker. As a home loan professional with in-depth knowledge of the expansive range of products and lenders on the market, Silver Lining Finances are well-placed to offer you targeted advice about which option will best suit your personal situation. In order to give yourself the best shot at securing the amount you desire, there are a few things you can do. 1. Close any inactive accounts even if your balance is zero, the lender will still count this against you. 2. Pay off any unpaid debts and consolidate open lines of credit. 3. Set up a realistic budget for yourself. A savings plan will not only help you in the application process, but will prepare you for paying mortgage repayments each month once you move in to your new home. 4. Talk to a Silver Lining Finance Broker about any financial areas you may need to address before applying for a loan. www.silverliningfinance.com.au

08.01.2022 How can a home loan calculator help you plan? Whether you are wondering about your borrowing capacity, or wish to calculate your anticipated mortgage repayments, a home loan calculator can be a valuable tool. Read on to find out more about our favourite calculators and how they can help you to save money on your mortgage. The cost of buying... When it comes to buying a new home, there are many costs to consider beyond the purchase price. A cost of buying calculator helps you to weigh up and evaluate your various expenses including inspection reports, loan application fees and mortgage insurance to help you determine the true costs of buying a property. Your borrowing capacity If you’re a first-time buyer and new to the home loan space, you might be curious about how much money you are able to borrow. By supplying the details of the people applying for the loan including your gross earnings, the limits on your current credit card and the number of cars you own, you can get a quick and easy estimate of how much you can realistically afford to borrow. Mortgage repayments My Property Calculator web site has simple online tools to help you determine your mortgage payments based on a number of factors namely, your loan amount, your rate of interest and the term of your loan. Your repayment frequency monthly, weekly or fortnightly and your repayment type will all affect how much you owe. Paying your mortgage off even faster You may wish to make extra repayments on your mortgage from time to time. This can help to shave years off the term of your loan and has the potential to save you thousands of dollars in interest. By quickly running your figures through the extra repayment calculator, which is on the My Property Calculator website, you’ll be able to see an estimate of where you stand and what you could afford to save. My Property Calculator has a great range of mortgage calculators to help with all those tough decisions that come with finding the right loan. Have a look at our calculators on our website to help you further. www.mypropertycalculator.com.au See more

02.01.2022 PROPERTY NEWS: Capital gains slow across the housing market in August but trend growth remains high. http://goo.gl/GXMyeV August Hedonic Home Value Index results by CoreLogic RP Data