Tim Bowler, Finance Consultant in Perth, Western Australia | Mortgage brokers

Tim Bowler, Finance Consultant

Locality: Perth, Western Australia

Phone: +61 414 167 249

Address: 2/9 Cleaver Street, West Perth 6005 Perth, WA, Australia

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25.01.2022 Selling your home? Here are the first steps to take There is more to selling your home than putting up a For Sale sign on your front lawn. Here are the first things you should check off your list to help you get the largest return from your investment and to ensure the process runs as smoothly as possible. 1. Choose a quality agent Asking family and friends who have purchased or sold a property about their experience is a great way to ensure the agent youve enlisted will... provide quality service. A website and promotional material will always highlight the agent in the best possible way, but word of mouth and past client reviews will show their true colours. Make sure the agent specialises in your area and is someone you feel comfortable around as they dont just negotiate prices on your behalf, they also act as a mediator and represent you as a vendor. #homeloans #finance #broker #mortgagebrokerperth #sellingyourhome #home #timbowler #financebroker See more

25.01.2022 THE SEVEN DANGERS TO CONSIDER WHEN BUYING YOUR FIRST INVESTMENT PROPERTY Danger 1 : Falling in love with the property You need to stop thinking like a homeowner and start thinking like a business owner. Yes, you need to like the property; a question you should ask is could you live in it yourself? If you can, then it's likely someone else can and so the property is probably rentable.

22.01.2022 Around half of all borrowers now choose a broker over a bank branch, and wed like to find out what kind of experience you had and how you may choose to secure a mortgage in the future. You may or may not be aware that there are legislative changes that are being considered which may impact the ways in which you are able to access finance in the future. We ask that you please contribute to ensure that your experiences are considered in the conversation. The survey is anonymou...s and responses will only be viewed in aggregate. Further, none of your personal details will be used by any third parties whatsoever. https://www.research.net/r/BorrowerExperienceSurvey

22.01.2022 Refinancing traps to avoid Part 2 of 3 Honeymoon rates are just that Dont be lured by offers with discounted introductory rates unless youve calculated the savings over the life of the loan. While a loan with a discounted interest rate seems a tempting offer, its only temporary. Once the introductory period is over, the interest will revert to a higher standard variable for the rest of the loan term. It may be more beneficial financially to negotiate a lower interest rate ...without an introductory discount. #mortgagebroker #finance #homeloans #refinancing #financebroker #mortgagebrokerperth #broker #timbowler

22.01.2022 THE SEVEN DANGERS TO CONSIDER WHEN BUYING YOUR FIRST INVESTMENT PROPERTY Danger 4 : No cash reserves A lack of cash reserves puts unnecessary pressure on you to do substandard repairs, accept substandard tenants or make other poor decisions because of a fear of vacancy. When you have a sufficient cash reserve, you act rationally.... #renting #investmentproperty #realestate #investing #finance #mortgagebrokerperth #timbowler

21.01.2022 THE SEVEN DANGERS TO CONSIDER WHEN BUYING YOUR FIRST INVESTMENT PROPERTY Danger 7 : Being under insured Insurance on rental property goes beyond insuring the building against fire or natural disaster. You need to look at comprehensive landlord insurance. There are too many horror stories about destroyed rental properties to not take out this type of insurance. Most major insurance companies now offer this product, which will not only cover you for damage to the property but a...lso loss of rent. #renting #investmentproperty #realestate #investing #finance #mortgagebrokerperth #timbowler #broker

19.01.2022 Update following today's meeting of the RBA. Rates are on hold for another month but for how much longer? If you haven't reviewed your home loan in the past two years then now would be a good time to contact me to discuss your options and current offers.

18.01.2022 THE SEVEN DANGERS TO CONSIDER WHEN BUYING YOUR FIRST INVESTMENT PROPERTY Danger 5 : Doing it all yourself New investors often attempt to manage it themselves. That approach can end up costing more in the long run. Find an accountant you can talk to, a broker who will work with you and a reputable real estate professional to find a property in your price bracket.... #renting #investmentproperty #realestate #investing #finance #mortgagebrokerperth #timbowler #broker

18.01.2022 You may not see my cape but when you help make someones dream come true then they really do think you are super, man! #mortgage #mortgagebroker #finance #homeloans #financebrokerperth #broker #timbowler

18.01.2022 Selling your home? Here are the first steps to take Dont take things personally Remember this is a business transaction; dont feel insulted if you receive feedback on the property that doesnt match how you feel about your home. To ensure you come out with the best deal, remove all emotion and think of your house as a commodity.... #homeloans #finance #financebroker #mortgage #mortgagebroker #sellingyourhouse #timbowler

17.01.2022 Refinancing traps to avoid Whether youre after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you dont find yourself hooked into a bad deal. Honeymoon rates are just that Dont be lured by offers with discounted introductory rates unless youve calculated the savings over the life of the loan. While a loan with a discounted interest rate seems a tempting offer, its... only temporary. Once the introductory period is over, the interest will revert to a higher standard variable for the rest of the loan term. It may be more beneficial financially to negotiate a lower interest rate without an introductory discount. #homeloans #offsetaccount #interest #mortgages #finance #broker #honeymoonrate #mortgagebroker #financebroker #financebrokerperth #timbowler

17.01.2022 Loans are by no means one size fits all. Different loan types suit different age groups, different living situations and even different attitudes to money. A common trap some home-owners fall into is to consider a mortgage set and forget. You did your research, shopped around, found the right option and now youre reluctant to revisit the process even if your personal circumstances have dramatically changed. If this is you then contact me and I'll do all research to ens...ure you are getting the best deal. #homeloans #mortgages #mortgagebroker #finance #broker #financebrokerperth #getabetterdeal #timbowler

16.01.2022 Walkable Neighbourhoods Are you aware of Walk Score? A 10 year study by the University of Melbourne found that walkable neighbourhoods with easy access to shops, parks and public transit offers surprising benefits to our health, the environment, our finances, and our communities. In addition over the past 10 years home values in walkable neighbourhoods have attracted premium pricing, outperforming the rest of a city in increasing values. https://www.walkscore.com/AU-WA/Perth #homeloans #mortgage #investmentproperty #finance #mortgagebrokerperth #financebroker #timbowler

16.01.2022 Top Mistakes Made by First Time Landlords Termination. Landlords follow the wrong procedures when terminating the lease. Generally, not enough notice is given or the notice given is not in writing. In particular, there are special procedures which must be taken if the landlord wishes to evict a tenant. #renting #badtenants #investmentproperty #realestate #investing #finance #mortgagebrokerperth #timbowler

14.01.2022 Refinancing traps to avoid (Part 1 of 3) Whether youre after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you dont find yourself hooked into a bad deal. Dont be fooled by the interest rate Finding a lower interest rate doesnt necessarily mean youve scored yourself a better deal. In fact, a product with more features may cost you a bit more in fees or interest, but could save you more in the long run. Including features such as an offset account will prove valuable as it will allow you to make larger repayments or put any extra cash against the loan. Products without this feature may charge a fee for early repayments.

14.01.2022 The Reserve Bank of Australia (RBA) has announced that the cash rate will stay at 1.5% for the seventh month in a row.

13.01.2022 Selling your home? Here are the first steps to take (Part 3) Your property wont sell itself Thinking that your home will sell itself can be a costly mistake. Despite how much you like the way you have it set up, furniture, flooring and painting changes can make a big difference to the propertys wider appeal, and marketing it widely can increase the competition and, therefore, the price. You need to engage in a thorough marketing campaign and invest in presenting your prope...rty in its best light. Trusting your agents strategy can help secure the best financial result. #homeloan #finance #financebroker #mortgagebroker #mortgage #timbowler

12.01.2022 5 things first-home buyers need to know - Part 1 of 5 Before you decide to purchase your first property there are a number of things to consider, including your current personal circumstances and financial status. 1 Think about why you want to buy a home... Do you want to live in it or will it be an investment property? This can help determine the kind of loan you apply for and home you buy, depending on your short and long-term plans. #findafairerdeal #mortgagebroker #homeloan #financebrokerperth #finance #homeloans #broker #timbowler

11.01.2022 The Reserve Bank of Australia (RBA) has kept the official cash rate on hold at 1.5% in a decision which was widely predicted by economists across the country. #interestrates #homeloans #mortgagebrokerperth #finance #rates #timbowler

11.01.2022 Lenders offer a range of features and products on their loans, and consumers are rarely fully aware of the full range of loan features which inhibits their ability to make an informed choice. If you dont understand these core terms then you are likely to have difficulty understanding what youre paying for so here's a guide to help: Interest rate vs comparison rate... The interest rate is simply the interest a borrower is required to pay back on a loan. Comparison rates however calculate not only the interest a borrower will need to pay, but adds in the fees and charges which go along with it and express it as a single percentage to assist borrowers in assessing the true cost of each loan. #homeloans #offsetaccount #interest #mortgages #finance #broker #mortgagebroker #financebroker #financebrokerperth #timbowler #redraw #portability

10.01.2022 Selling your home? Here are the first steps to take (Part 4) Speak to your broker If you are making a decision to sell, speak to your finance broker to ensure that your plans after selling whether they are buying a similar property, upgrading or building are actually feasible. I always advise clients to speak to their broker first to make sure their plans for post-settlement are realistic. There is nothing worse than selling your home and then not being able to achieve ...what you had set out to do. #home #homeloan #finance #financebroker #mortgagebroker #sellingyourhome #mortgage #timbowler

10.01.2022 Selling your home? Here are the first steps to take (Part 5) Surround yourself with a good team When all of the people in your network, including your broker, conveyancer and agent, communicate effectively, you should be blissfully unaware of any minor issues that pop up during the course of the sale. #home #homeloan #finance #financebroker #mortgagebroker #sellingyourhome #mortgage #timbowler

07.01.2022 Refinancing traps to avoid Part 3 of 3 Be aware of the fees One of the main purposes of refinancing is to lighten the financial burden, however, that doesnt mean that its not going to cost you. There are many fees involved, which may include discharge and application fees, a valuation fee, land registration fee, and mortgage insurance. You may also be subject to stamp duty depending on what state your property is located in. While these cannot be avoided, you have to ensure... that the costs involved are not higher than the savings, to make the process worthwhile. While there are traps to avoid, a little expertise can take the stress out of refinancing to save you thousands, fund that renovation, or simply find a loan that suits your life a little better. Contact me at [email protected] to discuss your needs in more detail. #mortgagebroker #finance #homeloans #refinancing #financebroker #mortgagebrokerperth #broker #timbowler

06.01.2022 When it's a good time to have as little interest as possible. Lenders offer a range of features and products on their loans, and consumers are rarely fully aware of the full range of loan features which inhibits their ability to make an informed choice. If you dont understand these core terms then you are likely to have difficulty understanding what youre paying for so here's a guide to help:... Offset account An offset account is a bank account linked to a loan, which can reduce the amount of interest that needs to be paid and can help the borrower pay back what they owe faster. For example, if someone takes out a $500,000 loan and places $100,000 into an offset account, they only pay interest on the remaining $400,000. These can attract fees. #homeloans #offsetaccount #interest #mortgages #finance #broker #mortgagebroker #financebroker #financebrokerperth #timbowler

06.01.2022 THE SEVEN DANGERS TO CONSIDER WHEN BUYING YOUR FIRST INVESTMENT PROPERTY Danger 6 : Investing blind Real estate investment risk is directly proportional to knowledge. The more knowledge of investing techniques, financing, acquisition and negotiating, the less risky your investments will be.... #renting #investmentproperty #realestate #investing #finance #mortgagebrokerperth #timbowler #broker

04.01.2022 Should you refinance for a better deal? Refinancing a loan can take advantage of lower interest rates to bring down the overall cost of servicing a loan. But its not always the best, or the only, option. To find out more contact me directly to discuss your options.

04.01.2022 THE SEVEN DANGERS TO CONSIDER WHEN BUYING YOUR FIRST INVESTMENT PROPERTY Danger 3 : Forgetting the home improvement rule If you are buying an older property, it will always take three times the money and twice as long as you first estimate to get a property ready to rent. Allow for additional funds to pay the mortgage whilst the property is vacant, obtain a building inspection by a qualified building inspector. #renting #investmentproperty #realestate #investing #finance #mortgagebrokerperth #timbowler

03.01.2022 What would a world without Mortgage Brokers look like?

03.01.2022 Rentvesting: The great Australian dream of owning your own property is still alive, but instead of buying a property where you want to live, people are buying an investment property and living where they prefer, better known as rentvesting. According to many experts, rentvesting is a great way to enter the property market. With homeownership in Australia declining and renting on the rise, rentvesting could save people from renting all their lives.... This all works because even though youre renting, the property you buy is an asset thats growing in value, assuming you choose a smart location and rental income contributes towards repayment of the mortgage. Not only that, but youre gaining equity that can launch you into other property purchases down the track, including (when time is right) a home that you may wish to live in, one day. Want more detail? Contact me today

02.01.2022 Refinancing traps to avoid Whether you’re after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you don’t find yourself hooked into a bad deal. Honeymoon rates are just that Don’t be lured by offers with discounted introductory rates unless you’ve calculated the savings over the life of the loan. While a loan with a discounted interest rate seems a tempting offer, it’s... only temporary. Once the introductory period is over, the interest will revert to a higher standard variable for the rest of the loan term. It may be more beneficial financially to negotiate a lower interest rate without an introductory discount. #homeloans #offsetaccount #interest #mortgages #finance #broker #honeymoonrate #mortgagebroker #financebroker #financebrokerperth #timbowler

02.01.2022 THE SEVEN DANGERS TO CONSIDER WHEN BUYING YOUR FIRST INVESTMENT PROPERTY Danger 2 : Not checking the facts Due diligence is more than just an inspection of the property, it's also a thorough investigation of your area's rental market -- vacancy rates, average rents, average age of the rental stock, zoning, government regulation. #renting #investmentproperty #realestate #investing #finance #mortgagebrokerperth #timbowler