Rostron Mortgages

17/10/2022

Another happy customer! Thanks for trusting Rostron Mortgages to get the job done.

Whether it's for a purchase, refinance or just some mortgage advice we are here to help.

Give us a call on 1300 661 880 or shoot us a message.

18/03/2022

A guarantor is a co-signer on a loan to “guarantee” that the repayments will be made. Popular amongst first home buyers, individuals are able to enter the market easier, quicker and reduce costs significantly.

To read more on why you would need a guarantor, if it’s possible to avoid LMI and what a guarantor has to do, click the link below. 👇

A guarantor is a co-signer on a loan that “guarantees” that the payments will be met. A guarantor is often used for mortgages, especially for first...

14/03/2022

Are you ready to find a home loan that suits your needs and circumstances? There are plenty of different options available, all with different pros and cons.

To discuss your options further, click the link and get in contact with our team! 👉http://ow.ly/5NjB50HV6C8

11/03/2022

2022 has seen property experts predict a strong year, with modest growth for the Gold Coast housing market. Although, unlike the Brisbane market, the GC is not expected to hit record-breaking price growth.

“There’s a lot of buyer fatigue out there after a competitive year and Covid issues; however, most are of the impression next year will bring another surge of buyer activity, and they are keen to buy ASAP to avoid further competition.” - Buyers agent, Oliver Dunstan.

To read more about 2022 predictions for the Gold Coast property market, click the link below. 👇

Property experts are predicting another strong year for the Gold Coast property market but have warned homeowners not to expect the same record-breaking price growth as 2021.

08/03/2022

Home is where the heart is. 💜🏡

05/03/2022

We understand buying a property is one of the biggest financial decisions you’ll ever make. Having a family member go guarantor might be the helping hand you need to get into the market sooner. Here are 3 major things you’ll need to know before getting a guarantor on your loan:

👉A guarantor allows the equity on their properties to be used as additional security for your loan.
👉If you default on your loan, the guarantor becomes responsible for paying your debt.
👉Having a guarantor on your loan means you can borrow 100% of the purchase price, but some banks will still ask for 3 months proof of genuine savings.

02/03/2022

When buying your first, or next home, it’s important to stick to the following financial rules to ensure you’re not biting off more than you can chew.

👉 Rule 1: The 20% deposit rule
👉 Rule 2: Don’t take out a mortgage more than 5x your gross annual salary
👉 Rule 3: The 28% monthly rule
👉 Rule 4: Apply the 28% rule to 28/36% rule​​
👉 Rule 5: Have an emergency fund to cover 3-6 month of house expenses

To read more on each of these rules, click the link below and read our latest blog post! 👇

Taking out a mortgage is generally a major life event, especially if it’s your first mortgage. When done correctly, a mortgage can bring huge...

27/02/2022

Are you looking to buy a home and need some motivation to keep saving? Here are 3 reasons why the size of your deposit matters!

🏡 Regular savings deposited into your account, rental repayments and investments all work together to give lenders an indication of your ability to pay your home loan repayments.
🏡 If you have a bigger deposit, your pool of lenders increases, meaning you have more choice regarding interest rates.
🏡 If you have less than 20% of the purchase price and don’t want a family member to go guarantor, you have to pay lenders mortgage insurance. The lower your deposit, the more ‘risky’ you are, and the more LMI you have to pay.

24/02/2022

If you’re a first home buyer, we have some great news! There’s up to $55,000 worth of government grants you could claim to help you purchase your first home faster! 🏡

💰First Home Owner Grant, up to $15,000
💰First Home Loan Deposit Scheme, and pay 5% deposit on your home loan.
💰Family Home Guarantee, where single parents can get a home loan with 2%.

To find out what grants you qualify for, click the link and contact our team today! http://ow.ly/n07T50HV6x1

21/02/2022

Don’t be like this dog! 🐶 Click the link and let our team guide you through every step of the process. http://ow.ly/UNwT50HV6wc

18/02/2022

Unfortunately, buying your first home isn’t as easy as saving your deposit and buying your home. There are a lot of additional costs to consider, some of which need to be paid upfront.

If you’d like to learn more about the home purchasing process and what it looks like for you, click the link. 👉http://ow.ly/253e50HV6vB