Switch my Mortgage | Property

Switch my Mortgage

Phone: +61 481 556 100

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22.01.2022 Keep it local Doreen/Mernda - support your local mortgage broker. Call Mark on 0481 556100 and start saving $$$

14.01.2022 Big success takes planning. Know what you want and why you want it. TAKE MASSIVE ACTION

10.01.2022 Switch It Up! We are offering free Mortgage Health Checks. I thought it might be worth reaching out to you today and letting you know that we are offering free mortgage health checks at the moment. Our aim is to see if we can save you money or help you pay your home loan off quicker by providing you some solutions to optimise your loan structure, rate and repayments. ... Banks are still lending despite the conditions and if you are in a position to you can lock in a variable loan at around 2.7% or a fixed loan at 2.2%, so it’s a great time to look at saving a few extra dollars. If you are interested, please feel free to give us a call to set up a time either in person or via Zoom to have a chat. Mark 0481 556 100 or Martin 0417 690 985 Switch It Up! Don't forget to like our page for regular updates and education on how to optimise your loan.

09.01.2022 Finances on your mind? Do yourself a favour, speak to Switch my Mortgage If you are finding it tough to meet your current financial obligations or you are just interested in reviewing your current home loan, then you are not alone. Switch my Mortgage stand ready and able to assist with your options during this difficult time. Turbulent does not even begin to describe 2020 so far. As a result of COVID-19 and not forgetting the bushfires, thousands of Australians are out of wor...k, with Treasury predicting that the jobless rate will double in the June quarter from 5.1 per cent to 10 per cent. Many others have had their hours reduced or have been temporarily stood down. In this period of uncertainty, at the very least many will be taking a closer look at their finances to make sure their current loan arrangements are right for them. Switch my Mortgage has the experience and knowledge to assist in a variety of situations and are simply an internet search or phone call away. Switch my Mortgage is in regular contact with their lender panel and make it their business to understand the different options lenders currently offer. And while the options can seem straight forward, it is easy to miss the details and differences that can add up, particularly over a 30-year term. For example, a number of banks are offering to temporarily freeze mortgage repayments for three or six months. While this may seem like a good option, it is important to fully understand the implications. This could mean that the total debt will increase. Of course, depending on an individual’s circumstances, there may be a number of available alternatives that may reduce repayments while not increasing your interest bill as much in the long term. Refinancing too may be on the minds of many as a result of the Reserve Bank cutting rates and banks passing them on, to varying degrees, as well as access to a range of competitive fixed interest rate options on the market. A discussion with Switch my Mortgage may be just the ticket. While a simplistic view of what constitutes a great mortgage is the one with the lowest interest rate, Switch my Mortgage know that what suits one person might not necessarily suit another. For instance, fixed interest rates can offer piece of mind as interest rates increase, but they can be the cause of anxiety if rates fall or if unforeseen circumstances require a change. No matter what your circumstances are, Switch my Mortgage can actively assist you in navigating your current situation. So, if you’ve been thinking about reassessing your finances Switch It Up and call Mark on 0481 556 100 or email [email protected] at Switch my Mortgage.

08.01.2022 Concerned about servicing your loans? If you are concerned about servicing your loan, reach out to Switch my Mortgage to help. As Australians everywhere take a close look at their financial circumstances, Switch my Mortgage stands ready to lend a helping hand.... Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result of the Coronavirus, and in many cases are wondering how they will continue to pay the bills. Difficulty with repayments According to research conducted by Finder in early 2020, about one in five mortgage borrowers, or about two million Australian households, were struggling to make repayments, despite record low interest rates. And with the challenging circumstances that have emerged since, it is anticipated that these pressures will only increase forcing more people to require financial assistance. Financial relief strategies In this difficult time lenders have responded by announcing financial relief strategies. In an official Australian Banking Association (ABA) statement, CEO Anna Bligh said, Banks stand ready to support customers and if anyone is in need of assistance, they shouldn’t wait but come forward as soon as possible. Different lenders have different assistance options. These may include, waiving fees on early term deposit withdrawals, interest rate freezes on loans, options to defer or restructure home loan repayments, and emergency credit card limit increases. It is important to remember that Switch my Mortgage has the knowledge, experience and relationships necessary to assist people experiencing or expecting to have trouble paying their home loans as a result of changing circumstances. In times like these, the importance of mortgage brokers in assisting customers with hardship and facilitating access to credit cannot be overstated. For many Australians particularly those in rural or regional areas brokers may represent the only source of assistance. Switch my Mortgage expertise in helping customers navigate the complex home lending market and their intimate understanding of their customers’ personal circumstances - means they are uniquely positioned to provide critical support for customers when discussing hardship and available options with lenders. If you have any questions or concerns about your existing loans, need further guidance on hardship assistance, or have other questions about your loan arrangements, Switch It Up and call Mark on 0481 556 100 or email [email protected]