Alex Getley - The Home Loan Nerd

25/09/2025

If you've been lucky enough to get a home loan through me, you would've had the great fortune to meet Elyssa.

As well as being a very experienced broker, Elyssa also controls our internal and external operations, especially making sure everything is in the right place for settlement.

A hard worker and a lovely person, someone our team cannot do without!

25/09/2025

An initiative from our sponsors:

Wondering how to get into your first home? Find the answers at our free information session, hosted by club sponsors:

💰 Westlend Home Loans: your partners in finance

📜 Marsdens Law Group: your legal guides.

🏠 McLaren Real Estate: your real estate experts.

Register here: https://westlend.com.au/info-night/

⚫️🟡🐏🐏⚫️🟡

24/09/2025

Offset accounts...the closest thing to 'hacking your home loan' that I have come across.

If used properly, an offset account can save you both time and money on your home loan. Here's how:

1. Paying less interest. To understand how offset accounts work, you first need to understand how interest is calculated. At the end of each day, the bank will calculate how much interest they are going to charge you for that day, based on this equation:

Outstanding debt × interest rate ÷ 365

So if you debt us $500k, and your rate is 5.35%, it would look like this:

$500k × 5.35% ÷ 365 = $73.29

They do this every day for a month, total the interest, and then charge it to you in one lump sum.

If you have an offset account, the balance in your offset is taken off your loan balance when the bank does their calculation. So let say you have $15k in your offset, your interest balance would be $485k, not $500k. So:

$485k × 5.35% ÷ 365 = $71.09

So in this scenario, you'd save $2 per day, around $60 per month, or $720ish per year.

2. Pays off your loan quicker. An offset account reduces the interest you pay, but not your minimum monthly repayment. Let's say your monthly repayment for the above scenario is $4,500. Your monthly interest with no offset would be $73.29 × 30 days = $2,198.70.

So $2,301.30 would be going towards your principle.

But if you have $15k in your offset, your monthly interest would be $71.09 × 30 days = $2,132.70.

So $2,367.30 would be paying off your principle.

3. The last major benefit is that once your offset account set up, there is nothing more you have to do to access the first two benefits. Use this as your main bank account, get rid of all of your others, and you will save time and money. Set and forget.

This chat is general in nature, and should not be considered financial advice. I have not taken your personal situation into account, for tips specific to you please hit up a qualified financial adviser.

Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product.
Credit Representative 557024 is authorised under Australian Credit Licence 389328.

29/08/2025

Have you ever felt like your broker was disappointed in you, simply because you bought a new car a few years ago? Or because you have a credit card?

I won't judge you. I run the numbers, show you the scenarios, and help you make the right decision. That's the Home Loan Nerd way.

If you want a broker that will solve problems, and not just point them out, get in touch.

25/08/2025

👉 Register here to secure your spot - https://westlend.com.au/info-night/

25/08/2025

Confused about deposits, contracts, or negotiations? We’ve got you covered 👇

Buying your first home doesn’t have to feel overwhelming. 🏡 Join our FREE info night and get the tools you need from our trusted panel - explained simply.

👉 Register here to secure your spot - https://westlend.com.au/info-night/

22/08/2025

Picture this: you’ve packed the car, mapped your dream road trip, everyone’s excited… but you forgot to fill the tank. You won’t get far, and chances are you’ll break down before the adventure even starts.

A pre-approval is your fuel for the property market. It gives you a plan (so you know your budget), assurance (you can see what’s ahead), and the green light (confidence to make an offer).

Sure, as your broker I’ll always be there to rescue you if you run out of fuel… but wouldn’t you rather be prepared than rescued?

Fill up before you hit the road – book your free pre-approval chat today.

Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product.
Credit Representative 557024 is authorised under Australian Credit Licence 389328. Our privacy policy can be reviewed on our website, via the link in my bio.

20/08/2025

My first (and probably only) GRWM video.

PYSCH

There is nothing I need to do to be ready, I'm always in the zone and good to go.

A common theme in my google reviews is how easy people find contacting me, if I'm awake and not in the middle of something, I'll take your call, any day, any time.

Finances are stressful enough, you don't need to be waiting for your broker to 'get ready' to help.

Do you need home loan help? Get in touch.

18/08/2025

15/08/2025

We have now seen 3 rate drops this year, and if you already have a home loan I'll bet you have wondered whether or not you should look into refinancing.

Maybe you are thinking that because the rates have gone up no bank will approve a new loan. This is where our alternative refinancing method comes in to play, it helps people escape mortgage prison and get that lower rate.

If you are wondering if refinancing is a good idea, get in touch, let's have a (free) chat.

This chat is general in nature, and should not be considered financial advice. I have not taken your personal situation into account, for tips specific to you please hit up a qualified financial adviser.

Your full financial needs and requirements need to be assessed prior to any offer or acceptance of a loan product.
Credit Representative 557024 is authorised under Australian Credit Licence 389328. Our privacy policy can be reviewed on our website, via the link in my bio.

14/08/2025

You may have heard some or all of these statements when you started looking into buying your first property. But are they true? Nope!

Here's the scoop:

1. Where this whole 20% thing came from is the fact that most banks will charge you lenders mortgage insurance (LMI) if you are borrowing over 80% of a purchase price. However there are so many ways to get around this:
- Use a guarantor, if your parents can go guarantor on your loan, you can borrow the full purchase price plus costs! No need for any deposit.
- Government schemes, there are several government schemes around helping people get into homes with a small deposit, of 2% to 5%, with out paying LMI.
- LMI waiver, some banks will waived LMI for certain occupations, like those that work in health, essential services, or management.

2. Having a credit card or car loan does reduce your borrowing capacity, but it DOESN'T mean the bank will knock you back. In fact, we can submit a pre-approval application saying that the debts will be closed before you seek full approval, without you having to do anything first. This means you can maximise your borrowing power, but also can hold on to your full savings until you've found a property.

3. Love it when myths argue with eachother, like 2 does with 3. If you've previously had debt, like a credit card, we can use the repayment history to show you are financially responsible (if it's all been paid on time). It's true that if you have never held any other debt your credit report will be quite empty. But the credit report is one thing the banks can use, we can also show your of good financial character using your rental repayments, or savings history.

4. Having a HECS debt will lower your max capacity, but it won't get you knocked back. Also, the way lenders treat your HECS is changing. If you will be paying your HECs off in the next 5 years, or it is less than $20k, then we have some alternatives.

So there you have it. But what's the best way to bust open all the first home buyer myths and fears you have? Speak with a broker.

If you need home loan help, get in touch.

12/08/2025

Before we sat down in the studio recently I asked myself the question: 'what makes me a good broker?'

My answer is that I'm obsessed with it, I've been able to combine my obsession with my profession.

I can't sing, I can't paint, I'm not a musical prodigy, but I can find a way to get you a loan.