Raj Nathoo- Good Life Finance

Raj Nathoo- Good Life Finance Message me for a confidential chat. We follow-up the whole loan process from initial application through to settlement.

Residential Home Loan Specialist helping first home buyers, investors and homeowners secure the right finance solutions. 10+ years’ experience in home loans, refinancing, construction loans and debt consolidation. At Good Life Finance we offer a variety of loan options (Home Loan, Personal Loan and Car Loan) and shop around for the loan that is right for our customers. You can rest easy knowing th

at Good Life Finance is a part of the country’s largest broking company (MORTGAGE AUSTRALIA GROUP) which happens to organize 1 in every 10 home loans nationwide, every month. Good Life Finance is capable of objectively comparing 1,350 of the latest financial products; covering over 31 lenders, including the Big 4 Banks.

Looking to get away but need some extra funding? Whether it's a destination wedding, a trip with the family or a last-mi...
02/06/2026

Looking to get away but need some extra funding? Whether it's a destination wedding, a trip with the family or a last-minute getaway, our team can help arrange a low rate personal loan to finance your next holiday.

Our partners offer a fast, simple process and access to funds typically within 48 hours. Don�t delay, get in touch today!

Why not consider a whole new range of tenants for your investment property?Pets have been long maligned by landlords for...
01/06/2026

Why not consider a whole new range of tenants for your investment property?

Pets have been long maligned by landlords for their potential to make a mess and cause damage.

But with pet ownership in Australia ranking the highest in the world, property investors who turn their backs on our furry friends could be missing out on tenants and dollars.

Before they dismiss dogs and cats, landlords should consider that 60 per cent of Australians have pets and one third of households rent. Saying "no" to Fido and his feline foes means narrowing the rental funnel. At a time when national vacancy rates are climbing, this could be a costly choice.

Many landlords are now welcoming pets and reaping rewards. Here are some tips to help you embrace a pro-pet policy.

Pets don't rent - their owners do.

Opening the door to pets immediately makes your property more attractive to a wider range of tenants. The key is to consider whether the pets, particularly dogs, are well managed and trained.

This can be hard to assess, unless you happen to know your renters, so a little extra leg work is required.

Arrange to meet the applicant with their pet so you can see the animal for yourself and how it behaves. Reference checks are also crucial and, if you are especially diligent, a chat with the applicant's previous neighbours should give you extra insight into their pet management.

Some renters are even developing resumes for their pets, with photos, references and medical history.

Keep in mind that while you are not allowed to discriminate against rental applicants on the basis of race, gender, marital status etc, applicants cannot claim discrimination if you reject a particular pet.

Higher yields, longer stays

So prevalent are anti-pet policies that a researcher at the University of Western Sydney is now investigating the social impacts of these restrictions on renters and the broader community.

Because it can be so hard for tenants with pets to get a paw in the door, they are often prepared to pay a premium to secure a property.

While this does not mean charging more because someone rocks up with a pet, it gives landlords the opportunity to pitch their properties to pet owners and structure their rents accordingly.

For the same reason, pet-lovers are also likely to stay longer, which means lower turn-over and lower rental costs for landlords. Although data is scant, one 2003 survey in the United States showed renters with pets stayed an average of 46 months, compared to just 18 months for those without.

Have a pet agreement

Make sure your rental agreement includes a pet policy that stipulates the pet owner is responsible for:

Any property damage caused by the pet (inside and out).
Injuries caused to the pet on the property.
The pet's behaviour (including barking).
Regularly cleaning up after the pet.

Strata permission

If you own a strata property, such as an apartment, you will also probably have to convince the body corporate to permit pets.

If you are on the body corporate you may have more sway in arguing your case. Some body corporates are loosening up, realising many buyers often have pets. Once owner-occupiers pave the way, it's easier for renters with pets to get the nod.

Discover the pros and cons of each type of home loan:There are literally hundreds of home loans available, with new prod...
01/06/2026

Discover the pros and cons of each type of home loan:

There are literally hundreds of home loans available, with new products emerging all the time.

A professional Mortgage Broker can recommend a loan for your particular needs, help you to complete the paperwork, professionally package it with your supporting documents and submit it to your chosen lender.

If you want to do some homework first, pop your details into the clever loan option tool or work out monthly or fortnightly repayments with the calculators on our website.

When you're ready, get in touch with me to discuss the next steps. Here's a snapshot of the main types of home loans and some of their pros and cons.

A) Variable

Standard variable loans are the most popular home loan in Australia. Interest rates go up or down over the life off the loan depending on the official rate set by the Reserve Bank of Australia and funding costs. Your regular repayments pay off both the interest and some of the principal.

You can also choose a basic variable loan, which offers a discounted interest rate but has fewer loan features, such as a redraw facility and repayment flexibility.

Pros

- If interest rates fall, the size of your minimum repayments will too.
- Standard variable loans allow you to make extra repayments. Even small extra payments can cut the length and cost of your mortgage.
- Basic variable loans often don't come with a redraw facility, removing the temptation to spend money you've already paid off your loan.

Cons

- If interest rates rise, the size of your repayments will too.
- Increased loan repayments due to rate rises could impact your household budget, so make sure you take potential interest rate hikes into account when working out how much money to borrow.
- You need to be disciplined around the redraw facility on a standard variable loan. If you dip into it too often, it will take much longer and cost more to pay off your loan.
- If you have a basic variable loan, you won't be able to pay it off quicker or get access to money you have already repaid if you ever need it.

B) Fixed

The interest rate is fixed for a certain period, usually the first one to five years of the loan. This means your regular repayments stay the same regardless of changes in interest rates. At the end of the fixed period you can decide whether to fix the rate again, at whatever rate lenders are offering, or move to a variable loan.

Pros

- Your regular repayments are unaffected by increases in interest rates.
- You can manage your household budget better during the fixed period, knowing exactly how much is needed to repay your home loan.

Cons

- If interest rates go down, you don't benefit from the decrease. Your regular repayments stay the same.
- You can end up paying more than someone with a variable loan if rates remain higher under your agreed fixed rate for a prolonged period.
- There is very limited opportunity for additional repayments during the fixed rate period.
- You may be penalised financially if you exit the loan before the end of the fixed rate period.

C) Split rate loans

Your loan amount is split, so one part is variable, and the other is fixed. You decide on the proportion of variable and fixed. You enjoy some of the flexibility of a variable loan along with the certainty of a fixed rate loan.

Pros

- Your regular repayments will vary less when interest rates change, making it easier to budget.
- If interest rates fall, your regular repayments on the variable portion will too.
- You can repay the variable part of the loan quicker if you wish.

Cons

- If interest rates rise, your regular repayments on the variable portion will too.
- Only limited additional repayments of the fixed rate portion are allowed.
- You will be penalised financially if you exit the fixed portion of the loan early.

D) Interest only

You repay only the interest on the amount borrowed usually for the first one to five years of the loan, although some lenders offer longer terms. Because you're not also paying off the principal, your monthly repayments are lower. At the end of the interest-only period, you begin to pay off both interest and principal.

These loans are especially popular with investors who plan to pay off the principal when the property is sold, having achieved capital growth.

Pros

- Lower regular repayments during the interest only period.
- If it is not a fixed rate loan, you have the flexibility to pay off, and often redraw, the principal at your convenience.

Cons

- At the end of the interest only period you have the same level of debt as when you started.
- If you're not able to extend your interest-only period, you could face the possibility of increased repayments.
- You could face a sudden increase in regular repayments at the end of the interest-only period.

E) Line of Credit

You can pay into and withdraw from your home loan every month, so long as you keep up the regular required repayments. Many people choose to have their salary paid into their line of credit account. This type of loan is good for people who want to maximise their income to pay off their mortgage quickly and/or who want maximum flexibility in their access to funds.

Pros

- You can use your income to help reduce interest charges and pay off your mortgage quicker.
- Provides great flexibility for you to access available funds.
- You can consolidate spending and debt management in a single account.

Cons

- Without proper monitoring and discipline, you won't pay off the principal and will continue to carry or increase your level of debt.
- Line of credit loans usually carry slightly higher interest rates.

F) Introductory/Honeymoon

Originally designed for first-home buyers, but now available more widely, introductory loans offer a discounted interest rate for the first six to 12 months, before the rate reverts to the usual variable interest rate.

Pros

- Lower regular repayments for an initial 'honeymoon' period.

Cons

- Loans may have restrictions, such as no redraw facilities, for the entire length of the loan.
- You may be locked into a period of higher interest rates at the expiry of the honeymoon period

G) Low doc

Popular with self-employed people, these loans require less documentation or proof of income than most, but often carry higher interest rates or require a larger deposit because of the perceived higher lender risk. In most cases you will be financially better off getting together full documentation for another type of loan. But if this isn't possible, a low doc loan may be a good option to secure the funds you need.

Pros

- Lower requirement for evidence of income.
- May overlook non-existent or poor credit rating.

Cons

- You will probably pay higher interest than with other home loan types, or may need a larger deposit, or both.

Are you ready to purchase a new car but don't want to get hit with high interest rates from expensive car dealerships? O...
31/05/2026

Are you ready to purchase a new car but don't want to get hit with high interest rates from expensive car dealerships? Our team can help you secure fast, low-rate car finance to get you on the road.

Our partners also offer conditional approval for up to 60 days, giving you time to shop around and find your dream car.

We have recently helped someone reduce their loan repayments by over $423 per month through refinancing their home loan ...
30/05/2026

We have recently helped someone reduce their loan repayments by over $423 per month through refinancing their home loan and other debts.

In fact for the clients I see who are struggling with their mortgage and debt repayments, I regularly manage to save them hundreds of dollars per month.

In these uncertain times of interest rate changes most mortgage owners are now starting to consider their finance options.

Perhaps I can help you, like I was able to with many of your nearby residents.

If you require:
- reduced loan repayments,
- consolidation of debt,
- funds to renovate, install a pool or purchase a significant item,
- finance to purchase another property,
- parent equity guarantees to assist your children to purchase a property, or any other finance requirement

Please contact me for a free no obligation assessment of your current situation. https://www.mortgageaustralia.com.au

Six Steps to becoming mortgage-free - Step 4: Offsets and RedrawsWould you like to cut your mortgage by years and pay le...
29/05/2026

Six Steps to becoming mortgage-free - Step 4: Offsets and Redraws
Would you like to cut your mortgage by years and pay less?

What if you could get your mortgage all wrapped up in record time, and spend more time doing the things you love?

Well, there are six steps you can take now, which will make a real difference to the time it takes to pay off your loan. You could be mortgage-free sooner than you think.

In the past weeks, we looked at Step 1: choosing the best loan, Step 2: changing your repayment frequency, and Step 3: Pay more to pay early.

Today, find out how offset accounts and redraw facilities can help you move quickly towards losing that mortgage forever.



Step 4: Offsets and Redraws

Do you have a savings account that you use to put money away for a rainy day? You might be surprised to learn that this can save you money on your home loan - even if you keep the money in savings. This is commonly referred to as an offset account.

Many lenders offer a 100% offset account which, when linked with your mortgage, can dramatically reduce the interest that you pay on your loan. The reason for this, is that the savings 'offset' what you owe, and you're only charged interest on your loan amount - minus your savings.

This can have a significant impact on your loan in the long term. For example, if you have a loan of $400k, and keep $30k in an offset account, you could save over $150k in interest over the life of your loan.

Another handy mortgage feature to look out for is a redraw facility. This allows you to make extra repayments on your loan whenever you want, but gives you the flexibility of taking that additional money back in the future if your plans change.

By taking advantage of offset accounts and redraw facilities, you can take control of your financial goals today, and pay your loan off sooner.

Want to escape your mortgage as soon as possible? Stay tuned for Step 5: Don't take candy from strangers.

Make your house a home with a low cost home improvement loan.
29/05/2026

Make your house a home with a low cost home improvement loan.

Another session of product and policy training. Staying up to date with the latest lender offers so we can offer them to...
28/05/2026

Another session of product and policy training. Staying up to date with the latest lender offers so we can offer them to you.

Read this before you sign on the dotted line:Have you been asked to act as guarantor for your child or another family me...
26/05/2026

Read this before you sign on the dotted line:

Have you been asked to act as guarantor for your child or another family member? Before you whip out a pen and sign the contracts, you need to hear Wendy's story.

Wendy is in her mid- sixties, and lives in Perth with her son. She has a granny flat at the rear of her son's property where she stays with her two dogs, Millie and Ellie.

A few years ago, Wendy was living in a three bedroom house that she originally purchased with her late husband Jo, who passed away a long time ago. She didn't have a mortgage anymore, and she was looking forward to taking it easy in her retirement.

When Wendy's daughter came to visit one day, she had an important question to ask. She was looking to purchase her first home, but the bank wouldn't grant approval because she had only been in her job for a few months. Liz wanted her mum to act as guarantor on the loan to help her get across the line.

Of course, Wendy wanted to help her daughter, and after she spoke to a few friends she found that it was a fairly common practice to do this favour for one's child. Without giving it too much thought, Wendy decided to sign the contracts that the mortgage broker had drawn up.

On the day that Liz settled on her home, Wendy dropped around with a bottle of champagne to help her celebrate this exciting new step. There was a lot of unpacking to be done, but her daughter had never looked happier.

Six months later, everything had changed. Liz was suddenly made redundant and lost her job. Her boyfriend had also ended their relationship a couple of weeks earlier, and she began to suffer from severe depression. The mortgage went unpaid for several months, and when Liz avoided contact with her lender, the house was taken by the bank and sold.

In the time that all of this was happening, property values had decreased slightly in the area, and due to the need for a quick sale, the property was sold for $80k less than what Liz originally paid. After the sale was finalised, the bank was not able to recoup all of their funds, so they focussed their attention on Liz's guarantor.

Wendy had been under the impression that she might have to pay some of the missed instalments on her daughter's behalf. She didn't realise that the bank could demand that she pay the difference between the sale price and the loan amount. When Wendy didn't have the $70k that the bank were asking for, they sold her house from under her.

This sort of scenario is more common than you might think. Parents naturally want to help their children succeed in the world, but it's very important to understand what you're agreeing to if your child asks you to act as guarantor. If you don't understand the contracts, make sure you get a solicitor to investigate for you.

Remember too - there's always another way of doing things, and sometimes a cash gift can be a better option. Or better yet, your child might need to wait until they are financially able to make the leap into home ownership.

Because selling your home in record time takes some elbow grease.How far should you go when presenting your home for sal...
26/05/2026

Because selling your home in record time takes some elbow grease.

How far should you go when presenting your home for sale? Do you really have to get rid of all your family photos? Who has the time to bake a fresh batch of cookies in time for every open house?

There are some things that make a huge difference to potential buyers, and some that will just give you a headache for no reason.

If you're a bit unsure what you should do to make your property appealing to buyers, don't worry - just follow these 5 simple steps.

Step 1: De-clutter

It's time to cut down on some of those kids toys, and it might be a good idea to find a temporary home for your newspaper collection. Buyers are looking for space and comfort, and nothing says 'this house is too small' quite like an overflowing bookshelf.

Try packing away some of the items that you don't use very often. If you don't listen to your CD's very often, load them onto your ipod and pack them into boxes. It's amazing how much nicer a home can seem when it's tidy and clutter-free.

Step 2: Fix any small issues

Do you need to replace any light bulbs? Are the doorhandles showing a lot of wear and tear? Perhaps your screen door is torn because the dog was trying to get outside. This is the time to fix all of those little things you never got around to. This will show potential buyers that you have maintained the home, and they won't be worried about nasty surprises.

Step 3: Consider staging

Do you still have the couch that your Auntie passed down when you were leaving home? Whilst it shouldn't matter what your furniture looks like - the truth is that it can make a difference. If your belongings are a little bit rough around the edges, consider hiring or borrowing some nicer items for a few weeks whilst your home is open for inspection.

Step 4: Clean, Clean, and clean some more

It's not always easy to keep your home spotless - especially if you have small children. But nothing will scare away potential buyers faster than dirty underwear on the bedroom floor, or last night's Bolognese splattered all around the kitchen.

If you don't have the time to clean thoroughly before every open house, consider hiring a cleaner for this short period of time. By putting in the extra effort, you could be rewarded with a quick sale, or a better price.

Step 5: Neat and tidy

On the day of each open house, spend a few minutes making the beds (hotel-style if you can) and putting away any items that don't need to be lying around. Run a cloth over the benches one last time, turn on the dishwasher, and consider taking your dirty washing with you if you don't have time to get it washed and put away.

If you receive an offer on the house today, you'll be glad you went the extra mile. If not, you can come home and relax knowing that the housework is already done!

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Dayton
Perth, WA
6055

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