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Nationwide Mortgage

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Australia
Edgecliff, NSW
Nationwide Mortgage

Nationwide Mortgage has been serving our clients for over 20 years. We pride ourselves on excellent

We are an Australian owned mortgage broking firm, who have been servicing our clients for over 20 years. We pride ourselves on excellent service and good customer outcomes, for our valued clients. Over the years, Nationwide Mortgage has won many coveted industry awards for our services. The most recent ones are from Australia's biggest aggregator, Australian Finance Group, 2017, 2016, 2015, 2014 a

nd 2013 AFG NSW finalists and other awards being the prestigious Money Magazine 'Best of the Best 2004', and Your Mortgage Magazine's 'Mortgage of the Year 2003'.

30/12/2022

Wishing all of our valued clients a very Happy and Successful New Year! Thank you for your support

12/12/2022

Australia remains one of only nine countries in the world to have a AAA credit rating with the three major ratings agencies, after Fitch affirmed Australia’s AAA score.

"Australia's rating is underpinned by the country's high income per capita, as well as strong institutions and an effective policy framework, which facilitated nearly 30 consecutive years of economic growth prior to the Covid-19 pandemic and continues to support relatively resilient growth outcomes amid global shocks,” according to Fitch.

Fitch said most households would cope with rising interest rates, because borrowers get assessed at higher rates when applying for loans.

“Sizeable household assets (5.8x the value of debt), including a large build-up in liquid financial assets in the past few years, should cushion rising debt-servicing burdens and limit vulnerabilities,” it added.

The other two major ratings agencies are Moody's and Standard & Poor's.

06/12/2022

Although interest rates have risen consecutively since May (with more rises expected to come), bare in mind that funds are still cheaper than historical rates have been

22/11/2022

Do you have a high rate Commercial loan? Speak to us about refinancing it over $ for $, without the need of a full assessment
(Capped to $3m loan amount)

10/11/2022

Let us not forget why we are enjoying our lives today. Thank you to those who sacrificed their lives for us. Lest we forget

29/10/2022

Without doubt, house prices in Sydney are falling. But if held with a long term view, your property will reward you over time. Take this 3 BR property in the inner west, 17 Illawarra Road, Marrickville which just sold for $1,830,000. It previously sold in 1998 for only $248,000!

21/10/2022

Tips to Reduce Your Repayments - a few ways to lower your repayments and give yourself a little bit of breathing space.

Refinance to a lower rate:
This option is the most common and cost-effective, and some lenders are still offering large cash incentives to entice would-be refinances, some as high as $4,000. That’s a full month of mortgage repayments for the average Australian, and getting a lower rate will also reduce the repayments overall. Just make sure that when you’re comparing rates, the lender you’re looking at has already factored in the latest rate rise in their offer (we already do this on your behalf)

Refinance over a 30-year term:
If you’re considering doing this, it’s extremely important you’re aware of the extra interest costs associated with doing so. An $800k mortgage over 25 years would attract repayments of close to $4,400 per month based on a rate of 4.39%, whereas the same loan over a 30-year term would be around $4,000 per month, a $400 per month reduction. Conversely, the total interest payable over 25 years would be around $519k, compared to a 30-year term of $640k. We’d recommend you treat this as a short-term solution and try to make additional repayments as soon as you can to get back on track to the original term.

Consolidate debts:
Personal and car loans, credit and store cards, and even HECS, all will be making a difference to your bottom line. Refinancing these debts over a longer period of time and/or at a lower rate will reduce the repayments, although you also need to be aware of the additional interest incurred as a result. For example, a car loan of $50k at 6% with a balloon payment of $20k over 3 years would incur repayments of around $1,000 per month, but if you refinance over 30 years on a rate of 4.39%, it would reduce to $250 per month. The difference alone will be close to the amount required to cover the repayment increase from the recent rate rises, although the interest over 30 years would be around $40k, compared with the car loan of $6,455. We’d once again strongly recommend you treat this as a short-term solution only and try to pay the loan off as quickly as you can.

HECS is the forgotten one, as it “seamlessly” comes out of your pay, although for someone on a $100k p.a. salary, the repayments would be close to $580 per month. If the balance was $30k and you refinance over 30 years, you can reduce this to about $150 per month, but the interest would be higher as it’s over a longer term. One thing to keep in mind though is that whilst interest rates increase, so does the index rate of your HECS debt.

(Source : Peasy 5/10/22)

20/10/2022

Ahead of Halloween, this is the iconic Marilyn Monroe, just 19 and then called Norma Jean Baker. One of a set of photographs taken in October 1945 as part of Monroe’s first modeling portfolio.

08/10/2022

Spectacular history-making sale of the Williamson Pink Star diamond. Weighing 11.15 carats and bearing one of the rarest colours to naturally occur in diamonds, the Williamson Pink Star is the second largest internally flawless fancy vivid pink diamond to ever go under the hammer. The final winning bid went for a staggering HK$453,223,000 (US$57,736,078) – setting an exceptional new per carat price world record for a Fancy Vivid pink diamond

(Source : Sothebys HK 7/10/22)

02/10/2022

Our job market is in an extraordinary place right now, judging by the latest data from the Australian Bureau of Statistics.

As the chart shows, for most of the past decade, there’s been a big gap between the number of people without a job (blue line) and the number of available jobs (red line).

Now, those two numbers are basically the same.

In August, there were 487,682 unemployed people and 470,900 job vacancies. That means it’s relatively easy for employees to find work and relatively hard for employers to find staff.

Not coincidentally, the rate (3.5%) is at the lowest level in almost half a century.

01/10/2022

Don’t forget Faylight savings. Clocks at the ready, NSW: daylight saving starts tomorrow! ⏲

29/09/2022

We have dived into a simplified form of how a rate rise affects the borrowing capacity of single applicants vs couples (on average).

Analysis by PopTrack economist Paul Ryan states a 1% increase in mortgage rates could lower household’s borrowing capacity by around 10%, or by 19% if rates we’re 2% higher. This is based on a $1m mortgage.

Address

Edgecliff, NSW
2009

Opening Hours

Monday	9am - 5:30pm
Tuesday	9am - 5:30pm
Wednesday	9am - 5:30pm
Thursday	9am - 5:30pm
Friday	9am - 5:30pm

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