Jack Magann - Mortgage Broker Newcastle

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Jack Magann - Mortgage Broker Newcastle

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Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Jack Magann - Mortgage Broker Newcastle, Loan service, Newcastle.

Newcastle-based mortgage broker, helping people understand their options and secure the right home loan.

📍 Based in Newcastle | Working with clients Australia-wide
💬 Message me for a free, no-obligation chat (phone or Zoom)

26/10/2026

What to do before the RBA decides on Melbourne Cup day

The RBA announces its next rate decision on Tue 3 November, and economists are split on whether rates will rise again. You can’t control the RBA, but you can get your loan ready either way:

1️⃣ See if you could refinance to a lower mortgage rate. Compare home loan interest rates against what lenders are offering new customers right now.
2️⃣ Ask your current lender to sharpen your rate. Sometimes one phone call does it.
3️⃣ Check your offset or redraw is working for you. Money sitting there may reduce the interest you’re charged.
4️⃣ Look at whether consolidating higher-interest debts makes sense. It can lower repayments, but stretching short-term debt over a longer loan can mean paying more interest overall, so it needs a proper look.
5️⃣ Feeling the pinch already? Talk to your lender early, and to us.

As an independent mortgage broker, I’ll compare options across lenders and show you whether switching stacks up after costs. DM me to get started.

General information only, not financial advice. Consider your own circumstances before acting.

25/10/2026

Saving a 20% deposit on a nurse’s wage in Sydney can feel impossible. Here’s what many people don’t realise:

1. You might not need 20%.
Some lenders may waive lenders mortgage insurance (LMI) for eligible nurses and midwives with just a 10% deposit, and some extend this to allied health professionals too.

2. Your shift pay counts, but how much depends on the lender.
Overtime, penalty rates and allowances are treated very differently from lender to lender. Some count far more of it than others.

3. Casual and agency work isn’t a dealbreaker.
Once you’ve built up some history, many lenders will still consider your income.

The bottom line? The right home loan for nurses comes down to choosing the right lender.

Thinking about buying? Send us a message for a chat. We’re happy to work around your roster.

Eligible roles and criteria vary by lender. General information only, not personal advice.

10/06/2026

A great morning at the Central Newcastle Butcher Boys first ever sponsors breakfast ☕🥓

I'm proud to be sponsoring this great club.

To put our money where our mouth is: for every referral that comes through Central we will donate $500 straight back to the club.

Buying, bulding or refinancing? Let's chat to help you and also help the club.

28/04/2026

Westpac raised fixed rates before the RBA even met. Let that sink in.

Every time rates go up, your borrowing capacity goes down. The good news is, it’s not too late to refinance.

I'll find out if there's a better deal out there for you, walk you through your options, handle all the paperwork, and it won't cost you a thing.

DM me or hit the link in bio to get started.

28/04/2026

20/04/2026

Rate rises are coming. If you listen to the big four banks and most economists, we're looking at two more, at least. Are you nervous? I am. Here's the thing. Waiting until the increase actually kicks in before refinancing means your borrowing capacity will have already shrunk. You might not even qualify. Anyway, it's worth a chat. And yes, it's free.

14/04/2026

What is a fixed rate home loan, and should you get one?

It's one of the most common questions I'm getting right now, so here's the honest breakdown.

A fixed rate locks in your interest rate for a set period, usually 1 to 5 years. Your repayments don't move during that time, no matter what the RBA does. That predictability is the whole point.

The upside: You know exactly what you're paying. If rates go up, you're protected.

The catch: If rates drop, you won't benefit. Most fixed loans also limit how much extra you can repay, and if you need to refinance or sell before the fixed period ends, break costs can be significant.

So when does fixing actually make sense? Mainly when budget certainty matters more to you than flexibility. If you're tight on cash flow, just bought, or genuinely stressed about rate rises, fixing can take a lot of pressure off.

If you're planning to sell soon, want to smash down your loan faster, or think rates might fall, a variable or split loan is probably worth a closer look.

Be honest, do you know what your current interest rate is right now?

Address

Newcastle, NSW

Telephone

+61423525748

Website

https://jackmagannmortgagebroker.com.au/

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