Paul Eldho - Mortgage broker - Paul’s Mortgage Solutions

Paul Eldho - Mortgage broker - Paul’s Mortgage Solutions I'll help you get a better home loan from dozens of different lenders. We charge no fee for our serv
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Drive away in your dream car. Contact me for a low cost carloan.
13/06/2026

Drive away in your dream car. Contact me for a low cost carloan.

Do you know the difference between how much you 'can' borrow, and how much you 'should' borrow? There might be a very bi...
13/06/2026

Do you know the difference between how much you 'can' borrow, and how much you 'should' borrow?

There might be a very big difference between how much a lender is willing to give you, and how much you can comfortably afford to repay.

So how do you work out your real 'should' borrowing capacity? Don't you want to be sure that you can afford to make the repayments on your loan?

Lenders will take into account your ability to repay the loan, based on what you earn, how many dependants you have, what your credit rating is, and your declared living expenses.

However, lenders only know what you tell them, and there are a few things you need to take into account that might not be considered by a lender when deciding on your borrowing capacity:

Job Security

How secure do you think your job is? If you've worked for the same company for several years and earn a decent wage, your lender will view this very favourably.

But have you been hearing murmurs about a possible restructure? Do you work in a department that could potentially be outsourced offshore?

You're in a much better position to assess your job security than a lender is, and you need to be realistic. If you commit to the maximum loan amount and then your role is made redundant, you might struggle to keep up your end of the bargain.

Job Satisfaction

Your excellent employment history was a definite tick for your lender, but how do you feel deep down about your job?

Have you just been hanging on until you can get finance approved? If this is the case, think carefully about how much you should borrow.

You might need to take a pay cut early on, if you decide to move into a different line of work.

Family Planning

You answered 'zero' when asked about your dependants, which contributed to the assessment your lender made when offering you a bumper loan.

But what if you were suddenly expecting a child, or if you decide to expand your family a few years down the track?

Your Lifestyle

You might be able to 'afford' the repayments on a big loan, but what happens when mother's day, your brother's birthday and your car registration all come around at once and you need some extra cash?

Or maybe you would like to take a holiday at some stage next year. Don't leave yourself short, or it's going to be a very long 25 to 30 years.

Your other goals

Would you really love to continue your studies in a few years? Do you dream of taking off for a few months to take the kids around Australia?

Don't forget about your other dreams and goals when you work out how much to borrow.

You still need to have a life, and some things are more important than having a spare room for your shoe collection.

Every home has a beginning, but a successful homeownership journey starts before you receive the keys.Understanding your...
12/06/2026

Every home has a beginning, but a successful homeownership journey starts before you receive the keys.

Understanding your borrowing power, exploring the right home loan options, and planning ahead can help make the process smoother and less stressful.

Whether you're a first home buyer, refinancing, or investing, the right guidance can help you move forward with confidence.

Book your FREE consultation today.

📞 0450 865 907
📧 [email protected]
🌐 mortgageaustralia.com.au/pauleldho

11/06/2026

Choosing a home loan involves more than comparing interest rates.

But a home loan is more than a rate on paper.

The right mortgage should support your financial goals today while giving you the flexibility to adapt as life changes.

Whether you're planning to renovate, grow your family, invest, or simply create more financial freedom, choosing the right loan structure can make a significant difference over time.

A smart mortgage isn't just about where you are now. It's about where you want to be in the future.

📞 0450 865 907
📧 [email protected]
🌐 mortgageaustralia.com.au/pauleldho

Many people focus on finding the right property.But choosing the right mortgage strategy can be just as important.A well...
10/06/2026

Many people focus on finding the right property.

But choosing the right mortgage strategy can be just as important.

A well-structured home loan can help improve flexibility, support your financial goals, and make your path to homeownership more manageable.

Whether you're a first home buyer, refinancing, or building a property portfolio, understanding your options is the first step toward making confident decisions.

Book your FREE consultation today.

📞 0450 865 907
📧 [email protected]
🌐 mortgageaustralia.com.au/pauleldho

How to avoid disappointment when downsizing:Just as many young families look to upgrade their home at some point, most o...
10/06/2026

How to avoid disappointment when downsizing:

Just as many young families look to upgrade their home at some point, most of us will eventually decide that it's time to downsize.

You might be getting closer to retirement age and feel like it's time to free up some cash, rather than having it all tied up in your assets. Perhaps you can't see the point in maintaining a 5 bedroom home just in case the grandchildren come to stay.

Some retirees decide to downsize because they want to travel more, and a low-maintenance home is a better fit. And then unfortunately there are some people who are forced to downsize for less pleasant reasons, such as financial hardship, divorce, or the death of a spouse.

Whilst downsizing might seem like the solution to all of your problems, it's not always smooth sailing. Many downsizers jump from the frying pan into the fire by making an impulse purchase without doing their research. To avoid running into trouble - make sure you consider all of these factors:

Where do you really want to live?

It might seem like a lovely idea to spend your retirement in a small country town, reading by the fire in your single bedroom cottage. But how far would you be from family and friends? Many downsizers move to their dream location, only to find that it's rather lonely and their children don't visit nearly as much as they thought.

If you decide after a couple of years that you're not happy with your decision, it might be difficult to get back into the property market closer to home. Think carefully about where you really want to be in the long term.

What amenities do you need to have nearby?

You might be in fairly good health now, but it could be a great help one day to live within striking distance of a medical centre. It's also worth investigating the distance to the nearest shops, restaurants, cinemas and recreational facilities.

What type of property do you prefer?

Do you plan to keep any of your furniture? How do you feel about growing older in a house with a spiral staircase? It's important to think about what suits you now, and into the future when it comes to choosing a property to downsize into. If you're moving from a mansion on 20 acres, you might struggle to adjust to a single bedroom townhouse.

What lifestyle are you looking for?

Do you love peace and quiet? Do you want to be surrounded by other people around your age? Think carefully about what's important to you. If you love your privacy and the sounds of nature - a little unit in a bustling retirement community might not be your ideal downsizing opportunity.

What are the real costs of downsizing?

Although you're probably looking to free up some cash, it's important to look into the costs associated with selling your property, and buying your next property.

Some retirement communities charge enormous fees, and if you choose a unit or townhouse you might be up for Owner's Corporation fees on top of your council rates.

Examine the numbers to make sure you're really saving money.

Face the future with greater certainty with a fixed rate home loan.One in five Australians taking out a home loan is now...
09/06/2026

Face the future with greater certainty with a fixed rate home loan.

One in five Australians taking out a home loan is now opting to fix their interest rate, according to a recent AFG Mortgage Index.

Not only are fixed rates proving popular in the midst of global economic uncertainty, many borrowers are cashing in on unprecedented, increased competition around fixed rate loans.

Traditionally, lenders have set fixed rates a smidge above the average variable rate. At the moment, however, many institutions are offering fixed rates below others' variable rates, prompting savvy borrowers to shop around.

The main benefit of a fixed rate is certainty. Regardless of shifts in the economic sands, your mortgage repayments stay the same, allowing you to budget with more confidence. If official interest rates rise, your mortgage repayments are unaffected. On the flip side, of course, if interest rates drop, you won't benefit.

With experts wavering on whether local interest rates will go up, down or nowhere over the next 12 months, now could be an opportune time to take advantage of special offers around fixed rates.

Some lenders, for example, are offering fixed rates at 0.8 per cent lower than the standard variable rate of other institutions. On a $300,000 loan, that equates to a $200 saving in interest each month.

Fixed rates are generally based on what the economy may do over the next three to four years, while variable rates are more aligned to the current cash rate, set by the Reserve Bank of Australia. At the moment, this is overlaid with the fact lenders are looking to drive movement in the market through competition.

Although Australia's economy is deemed very stable against the backdrop of the European debt crises and slow economic recovery in the United States, home owners have been happy to sit on the sidelines to see how it all plays out before making any decisions about buying and selling.

As a result, many financial institutions have been trying to entice us back in the game with competitive fixed rates.

As with all borrowing situations, your decisions should be based on your circumstances and financial goals. However, there are some basic pros and cons that apply to fixed rates that you should consider.

The biggest benefit of a fixed rate, is knowing exactly what your repayments will be for a set period - usually one to five years. This can be a real advantage if you are considering a career change, starting or expanding a family or have kids moving into private education, because it can ease the stress of budgeting.

On the downside, fixed rate loans tend to be more restrictive than variable ones. You usually can't make additional payments, plus lenders generally charge high break fees if you want to exit the loan during the fixed period.

If you want to tap into the benefits of both a fixed and a variable rate, consider splitting your loan so a portion of your debt is exposed to shifts in official rates - up or down - and the rest is locked into a set rate.

With official interest rates sitting at affordable levels and question marks hanging over which way they will head over the next 12 months, it's worth chatting with your local Mortgage Broker about fixed rates and what the market has to offer. It may be just the move to help you face the future with some certainty.

Every homeownership journey starts with understanding your options.Knowing your borrowing power and loan choices can hel...
09/06/2026

Every homeownership journey starts with understanding your options.

Knowing your borrowing power and loan choices can help you move forward with confidence.
Your next home could be closer than you think.

Book your FREE consultation today.

📞 0450 865 907
📧 [email protected]
🌐 mortgageaustralia.com.au/pauleldho

08/06/2026

Many home buyers are surprised when they learn that Lenders Mortgage Insurance (LMI) can add thousands of dollars to the cost of purchasing a property.

Many buyers don't realise that LMI protects the lender, not the borrower.
The good news? Some eligible buyers may have options to reduce or avoid LMI altogether.

Thinking about buying your first home? Let's explore what's possible.

📞 0450 865 907
📧 [email protected]
🌐 mortgageaustralia.com.au/pauleldho

Is changing your job going to affect your ability to buy a new home?Approximately half the Australian workforce is consi...
07/06/2026

Is changing your job going to affect your ability to buy a new home?

Approximately half the Australian workforce is considering a job change at any one time.

Younger people are the most active in the job market with those under 30 almost twice as likely to change jobs as those aged over 40.

But did you know that lenders may not view a new job as positively as you do?

If you are thinking of buying a home or investment property, its important to get your timing right when it comes to changing your employment so it doesn't upset your plans.

But if you are considering a career change, or have recently changed jobs, by managing things properly you may not need to put your borrowing plans on hold.

To avoid problems, please check out this article - "Will the Bank be Impressed with my New Job".https://www.mortgageaustralia.com.au/email/files/willthebankbeimpressedwithmynewjob.pdf

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