Home Loans

Here are 5 simple tips to help get you set up once your loan settles.

1. Contact your Mortgage Broker prior to the expiry of any fixed interest or interest only period – to research your options.

2. If you used to rent out the property as investment and are moving in, contact your Mortgage Broker. You can get a much cheaper rate for changing to an owner occupied loan product.

3. Ask your Broker for an annual home loan review. See if there’s a better loan product.

4. Check internet banking regularly to ensure loan transactions, notifications and repayments are all OK.

5. Don’t forget to change your mailing address after settlement.

Here are 5 simple tips to help you get a reduction on your home loan interest rate.

1. Switch to Principle and Interest and pay your loan off faster.

2. Owner Occupiers qualify for lower rates. Have you moved into a property you bought as an investment?

3. Negotiate With Your Current Lender. Lenders would rather give you a discount than see you leave.

4. Switch Loan Products. Newer, better products come out all the time. It’s always well worth looking to see if there’s something more suitable out there.

5. Property Revaluation. An increase in the value of your property may come with a big interest discount.

There are at least 3 documents you should consider as part of your personal estate planning:

1. A will

2. A power of attorney

3. Appointing an enduring guardian

If you pass away without a valid Will in place, your estate will be divided up without regard to your wishes at all.

A badly drafted Will could mean that your intended beneficiaries could be receiving far less from their inheritance than you might hope and paying more tax than is necessary each year after you die.

Looking to enter the property market and worried about how you’re going to secure your first home loan? It’s time to start making your money work for you so you can land that loan.

Qualifying for a home loan isn’t always an easy path. Aggressive interest rates, competition in the market and less than rigorous saving habits can often push people out of the property game completely – but it shouldn’t.

Looking for ways to pay off your mortgage in record time? Whether you’re a seasoned investor or buying your first home, an offset loan can help you reduce interest payments, save on tax and pay your mortgage off years ahead of schedule.

With an offset loan, the borrower takes out a home loan and opens a linked savings or transaction account. The balance in the savings account is then “offset” daily against the home loan. So instead of receiving interest on your savings account each month, the account balance is offset against your home loan, reducing the amount of interest you pay over the life of the loan. This means you pay more of the loan principal off faster.

Are you thinking of purchasing a property? Whether you are looking for a home or an investment loan, here are some things you need to do before applying for a loan.

This article will help you understand what Lenders are looking for in a customer. How to be the customer they want to deal with and extend credit to.