Amrit Singh - Mortgage Broker in Wyndham Vale

Amrit Singh - Mortgage Broker in Wyndham Vale I'll help you get a better home loan from dozens of different lenders. We charge no fee for our servi

If you are applying for your first home loan - here is the pain free alternative:The first time you apply for a loan, yo...
27/02/2026

If you are applying for your first home loan - here is the pain free alternative:

The first time you apply for a loan, you could feel a bit like a deer in the headlights.

With so many questions to answer, you might start to wonder if your mortgage broker is hatching a secret plot to kidnap you and steal your identity.

Understanding what lenders are looking for can help to make the process easier for you, and improve your chances of being approved for a loan.

There are five 'C's when it comes to lending...

Credit History

Your credit record can have a big impact on whether you're approved for a loan.

Your lender will want to know about money that you have borrowed in the past, and how quickly you paid it back. Credit cards, phone bills, car loans and many other sources of credit are examined when determining your credit rating.

Capital

Your lender will want to know that you have assets and funds accumulated. Particularly, they will want to know how much you will be contributing to the purchase.

Collateral

You will need to offer property as security against your loan. Usually this just means that you offer the house as security, so that if you don't repay the loan, your lender can sell the property to get their money back.

Capacity

Your lender will assess your ability or capacity to meet repayments. This is done by examining your income and financial commitments such as living expenses, other loan repayments and dependants to determine if you are capable of servicing the loan.

Character

The lender will also take into consideration other details about you, such as your working history and length of employment, how long you have lived in your current residence, and any other available information that might help to determine your suitability for a loan.

How do you get your hands on the equipment you need to grow?And how do you do this whilst still keeping the all-importan...
21/02/2026

How do you get your hands on the equipment you need to grow?

And how do you do this whilst still keeping the all-important cash flow and working capital in hand?

Talk to me today about smart solutions when it comes to asset and equipment finance.

Do you have the right things covered?It's funny how most of us insure the simple and basic things that can easily be rep...
18/02/2026

Do you have the right things covered?

It's funny how most of us insure the simple and basic things that can easily be replaced - like our car and the contents of our home.

However, not many of us cover the most important things- like our health and income.

These statistics outline how 75% of us will be diagnosed with a serious illness during our working life, yet nearly all of us are under insured when it comes to protecting our life and income.

Regardless of whether you rent, have a home and mortgage or are paying off an investment property, its important to protect your income in the event of unforeseen circumstances.

Please read my short factsheet - Do you have the right things covered?https://www.mortgageaustralia.com.au/email/files/doyouhavetherightthingscovered.pdf

How to negotiate on price and knock out the competition:All's fair in love and war, and the same might be said for negot...
14/02/2026

How to negotiate on price and knock out the competition:

All's fair in love and war, and the same might be said for negotiating with real estate agents.

Whilst you want to get the best possible deal on your purchase, the agent is responsible for getting the best possible price for their client - the vendor.

Depending on how long you have been looking, you might be tempted to just pay the asking price to free up your Saturday mornings again.

But just think - how much sooner could you pay your loan off if you saved tens of thousands on the purchase price?

If you want to get the best deal on your property purchase, try these 6 tips:

Focus on positives all around.The best way to negotiate is for every party to feel like they won the game in some way.

Communicate clearly and develop a rapport with the selling agent. Don't try to pick holes in the property.

Do your homework. If you want to be able to negotiate on price, you need to have a good idea of what similar properties in the area have sold for in the past couple of months. You should walk through plenty of open houses and keep a close eye on the sold results for your area. (If the selling agent offers to give you a list of sold results, accept politely but do your own research because they will probably choose the highest prices to help in their negotiation with you).

Don't try to buy outside of your price range. If a property is advertised at $500k to $550k, and your budget is $450k, don't waste your time.You will only destroy your credibility if the right property comes up with that selling agent in the future.

Try to find out what the vendor's motivation is for selling. If they need a quick sale, or if they require a certain settlement period, this could help you to negotiate a deal that works for everyone.By including something in your offer that sweetens the deal, this could put you ahead of other buyers in the race.

Timing is everything. Some would advise that it's best to make the selling agent chase you as much as possible. But depending on the area, you might have a win by putting your offer in early. In areas with slow property sales, a vendor might be shocked to receive an offer in the first few days on the market.If you make your offer valid for only a day or two, the vendor will need to decide whether they wait and hope that someone else will come along, or whether they accept your offer for a quick sale.

Get new equipment. Keep your cash flow.
12/02/2026

Get new equipment. Keep your cash flow.

Equifax has launched a new generation of credit scores. The new Equifax Score aims to provide a fairer and more transpar...
09/02/2026

Equifax has launched a new generation of credit scores. The new Equifax Score aims to provide a fairer and more transparent credit score for all consumers - and give you more control of it.

So, what's changing in the Equifax Score?

Comprehensive Credit Reporting (CCR) changes have enabled lenders to be better informed when assessing loan applications.

CCR has allowed Equifax to use additional data, including your repayment history information, to calculate your credit score.

The benefit for you is that, previously, credit scores were calculated using mainly negative credit behaviours, such as defaults and arrears.

With CCR, more positive data, such as paying your debt on time, using reputable credit providers, and avoiding short-term or unsecured loans, can be used to build your credit score.

This additional information will have an impact on your score, positive or negative. Adverse or negative factors will drive down your score, but positive factors can help drive improvements to your score faster.

Factors influencing your score - Understand what�s driving your score up and down

There are many factors that can influence your score, both positively and negatively.

We are making the Contributing Factors available with your service more transparent and easier to understand. Using this information you can see at a glance what is influencing your score, and which factors may be having the biggest impact on how lenders may view your creditworthiness.

1) Factors that can influence your score positively
- Keeping your loan and bill payments up to date
- Closing credit card accounts you don�t need
- Limiting the number of unsecured credit you have, such as personal loans
- Avoiding small, short term loans including buy now, pay later
- Applying for credit with larger banks and more reputable lenders

2) Factors that can influence your score negatively
- Late payments of over 60 days
- Late payments of 30 days over several months
- Multiple loans and credit accounts with overdue payments
- Loans and credit accounts in arrears
- Several unsecured personal loans
- Payment defaults
- Regularly using short term loans like buy now, pay later services
- Multiple applications for loans or credit over a short time period
- A short credit history

Start building your credit history

This new generation of credit scores is recalibrated and unrelated to the previous scores from Equifax. Due to the new information and methods used to calculate your score, comparing it to the old score is no longer appropriate or accurate. Your score history graph will therefore be progressively built with the new Equifax Score.

With the more effective use of your repayment history in the new Equifax Score, by adopting positive credit behaviours like paying loans and bills on time and minimising short term, unsecured loans, you can build up a strong credit score quicker than ever before.

Did you know that approximately 80% of Australians end up on some form of government assistance in retirement?Did you al...
08/02/2026

Did you know that approximately 80% of Australians end up on some form of government assistance in retirement?

Did you also know that ONLY 20% of Australians invest in property?

Coincidence you think? I'd say not.

You could probably afford an investment property for less than the repayments on a small car. So rather than upgrading your car as soon as it is paid off, consider building wealth for your future.

Have a look at this short article for more details - Are You Driving Your Investment Property.pdfhttps://www.mortgageaustralia.com.au/email/files/areyoudrivingyourinvestmentproperty.pdf

Protect your investment - find a great property manager:If you are a property investor you probably know about Landlord'...
06/02/2026

Protect your investment - find a great property manager:

If you are a property investor you probably know about Landlord's Insurance, but there's another way to protect your investment, and make sure that you continue to get a good rental return. The trick is to find a great property manager.

There a few characteristics that will help you to tell the difference between a fabulous property manager who will care for your investment, and a nightmare property manager who will cost you a fortune.



Professional and Committed

A really good property manager is not the disgruntled young buck who was recently rejected as a junior sales agent, and now has to see his days out processing rental applications. The best property managers are people who wouldn't have it any other way. They have made a career out of managing property and they have a network of satisfied clients.



Good processes in place for screening tenants

A good property manager has excellent processes in place for making sure that potential tenants are carefully screened. They keep detailed records and they check references.



Conducts regular inspections

A good property manager can tell you how often they will be inspecting your property. They will personally inspect the property at the agreed time and report back to you with any issues. They don't send the receptionist.



Has a maintenance team ready to handle any issues

A good property manager has a team of workers on call in the event that there are emergency repairs or maintenance needed at your property. They believe that it's vital to stay on top of any small issues before they become bigger ones.



Answers your phone calls

A good property manager is approachable and it shouldn't take a week for you to get them on the phone. They care about maintaining a relationship with you because they want to keep your business.



Treats tenants with respect

A good property manager treats tenants with fairness and respect, and understands that happy tenants are more likely to keep the property in good repair, and pay the rent on time. They also know when to do something if a tenant is not keeping up their end of the bargain.



Cares about your property

Most of all, a good property manager cares about you and your property and they will ensure that your investment is protected. By maintaining good rapport with all parties, they will help you to retain good tenants to keep your rental return coming in.

Is your loan protected?As a borrower, taking out a loan of any kind can be an overwhelming and complex process.This isn'...
05/02/2026

Is your loan protected?

As a borrower, taking out a loan of any kind can be an overwhelming and complex process.

This isn't helped by all the different financial product naming conventions and acronyms that you will undoubtedly encounter.

An area that often causes confusion is the difference between lender's mortgage insurance and mortgage protection insurance...

So, who is protecting who?

To avoid a nasty suprise, please read our single page factsheet - Loan Insurance.https://www.mortgageaustralia.com.au/email/files/lendersmortgageinsurance.pdf

Did you know Mortgage Stamp Duty is no longer charged on refinanced home loans?When our home or car insurance comes up f...
03/02/2026

Did you know Mortgage Stamp Duty is no longer charged on refinanced home loans?

When our home or car insurance comes up for renewal each year, most of us (hopefully) invest the time to shop around and investigate the competition to make sure we are getting a good deal.

The average Australian with a mortgage spends 18% of their gross income on housing costs. With such a large investment, why do we not give our home loan the same regular review?

With the recent change that Mortgage Stamp Duty is no longer charged on refinancing your home, it is a lot cheaper and easier than many people think to switch loans.

For more details, read my "Change can be good" article.https://www.mortgageaustralia.com.au/email/files/changecanbegood.pdf

Address

16 Pearce Way Weir Views
Melbourne, VIC
3338

Opening Hours

Tuesday 8am - 10pm
Wednesday 8am - 10pm
Thursday 8am - 10pm
Friday 8am - 10pm
Saturday 8am - 10pm
Sunday 8am - 10pm

Telephone

+61450142515

Website

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