Mortgage Choice - Kristin Nicolson

31/10/2022

Understanding mortgage repayments is a key part of buying a home. It helps you decide on a buying budget, and plan ahead by knowing how home loan repayments impact your finances.

Get an indication of how extra repayments could help you to pay off your home sooner – and pocket valuable savings on home loan interest with our advanced home loan repayment calculator:

https://www.mortgagechoice.com.au/home-loan-calculators/fortnightly-repayments-calculator/

Use Mortgage Choice's fortnightly loan payment calculator to see if you'd be better paying off your home loan in fortnightly installments. Try it today.

27/10/2022

You might know that you can use your equity to buy an investment property, but did you know you could also use it to pay for other expenses?

You could use equity as a source of low-cost funding for a new car, home improvements or even pay for a holiday at home loan interest rates, which may be more cost effective than other types of credit.

Speak to us today and we can guide you on how to unlock equity in your home.

24/10/2022

A lump sum payment can have a significant impact on the life of your home loan and the amount of money you can save. Making a lump sum payment, particularly in the early years of your loan, can have a big effect on the total interest paid on the loan.

Get an indication of how much time and interest you could save by paying a lump sum off your home loan with our lump sum repayments calculator:

https://www.mortgagechoice.com.au/home-loan-calculators/lump-sum-payments-calculator/

Use the lump sum mortgage repayment calculator from Mortgage Choice to see if you'll save by paying off your mortgage in lump sums.

20/10/2022

When it comes to investing, the term 'gearing' refers to borrowing to buy an asset. Negative gearing is when the costs of owning a rental property exceed the rent returns you earn. The loss could be offset against your other income, which can reduce your tax bill.

Contact us today and we’ll find an investment home loan solution that’s right for you.

18/10/2022

When buying a property, you aren’t simply paying the property purchase price.

There are a number of other costs to consider – from stamp duty and property transfer fees to building inspections and conveyancing costs – it's important to be aware of all the extra charges you could face.

We can help you gain a better understanding of all the costs involved.

Contact us today.

13/10/2022

According to research by the Mortgage and Finance Association of Australia, more Australians are turning to mortgage brokers and for good reason.

A mortgage broker can offer you more choice, help you navigate complex circumstances and of course manage the paperwork.

Contact us today and we’ll do the hard work for you.

10/10/2022

Rental yield gives investors an idea of the income they profit from their investment.

Gross rental yield is the annual rent return a property earns before taking any property expenses into account expressed as a percentage of the property’s market value.

Net rental yield is the annual rent return minus expenses expressed as a percentage of the property’s market value.

If you are considering investing, we’ll find a home loan solution that’s right for you.

Contact us today.

06/10/2022

Ideally, you will have a deposit of 20% of the full value of the home to avoid having to potentially pay lenders mortgage insurance. However, you could have as little as 5% deposit depending on your circumstances, what grants you are eligible for, the lender and the type of property you are purchasing.

If you are unsure how much you need for a deposit, speak to your local mortgage broker.

Contact us and we'll guide you through the process.

03/10/2022

Choosing to build or renovate is a highly personal decision, it depends on a range of factors from your budget, your living situation and family, your local area and of course your goals.

How you fund the project is central to a good result and your local broker can provide tailored, expert advice on the range of funding choices available.

Contact us today.

30/09/2022

City or country? Here’s a few things to consider when buying an investment property:

1. Affordability - regional locations can offer greater buying power.

2. Capital growth – city properties are typically in high demand as they are close to jobs, but some regional areas offer exceptional employment opportunities and are experiencing huge population growth – so do your research!

3. Travel – are you willing to travel for inspections and maintenance, the costs add up, keep this in mind.

Also weighing up investment loans? Contact us today and we'll find a solution that’s right for you.

30/08/2022

Here are three key steps to starting your journey as a property investor:

1. Establish goals and create a plan - understand the rental market, understand your financial position and know your potential return.

2. Ensure you have enough for a deposit, know how much equity you have in your current property and understand lenders mortgage insurance.

3. Calculate the costs - stamp duty, body corporate fees, council rates, maintenance costs and more.

Contact us to discuss investment loans and to start your property investment journey.

25/08/2022

Did you know 67% of all new home loans written last year were through a mortgage broker?

By using a local home loan expert, they can negotiate with the lender on your behalf, help you to find the right solution for your needs and can give you sound advice to help you make the right decisions through your home loan journey.

At Mortgage Choice, you’re never a loan. Contact us today.