Switch my Mortgage

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South Morang, VIC
Switch my Mortgage

Helping the great people save thousands of dollars a year by switching them to a mortgage which best

Your first step in a simplistic financial journey to get you switched from your current mortgage to a mortgage that best represents your current financial position and ultimately helps you with your future financial aspirations.

04/07/2022

At Switch My Mortgage our mission is to achieve great customer service, through the lender, property knowledge, and strong industry relationships.

We pride ourselves on an educated but engaged approach to the standard Mortgage Broker.
As your mortgage broker, Mark from Switch My Mortgage can come to you, during work hours, after work or even on weekends! If you're ready to get your finances sorted, then send us a message today to book your appointment.

Send Message👉 0481 556 100
Or Email👉[email protected]

01/07/2022

⭐⭐⭐⭐⭐
Grateful to our clients for the kind words they leave for us in the Google Reviews, Thank you!

Tag someone who needs a mortgage broker.

28/06/2022

This is one of the very first questions, we get asked when people when enquire about refinancing their property loan.

In most cases you generally do not need to pay a deposit when refinancing your home loan, but there are a range of fees that you may have to pay.
You may also have to pay for Lenders Mortgage Insurance (LMI) if you're refinancing your home loan to over 80% of the property's value.

For more information about refinancing fees and deposits, get in touch today.

📞Call - 0481 556 100
💻Email- [email protected]
👉Visit Website - www.switchmymortgage.com.au

25/06/2022

Breaking News by the RBA! It's been announced that the cash rate will increase this month. 🏡

With the recent cash rate change, many of you may be wondering what you should do with your home loan.

Such a change could be very intimidating for you and therefore we want to help you! Get in touch with us to find out your best options.

Now is the perfect time to review your home or property loan. There’s no time to waste, please call Mark from Switch My Mortgage and ease up your mortgage stress

📞Call Mark - 0481 556 100

21/06/2022

🤝Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender, who can better meet your current needs, wants and circumstances.

🤝Refinancing can be a strategy to secure a lower interest rate, switch to a different type of loan and can also allow you to consolidate your debts or pay down your mortgage more quickly.

🤝Another common reason borrowers look to refinance is to access equity – the amount you'd get from selling your home after settling any associated loans and any other costs associated with the property.

🤝However, refinancing isn’t suitable for everyone. There are many different factors you’ll need to consider when thinking about refinancing a loan.
So how will you know that refinancing is the right option for you?

🤝The first step is to speak to a professional, such as a mortgage broker, about your needs, objectives, current financial situation and whether you can afford a different loan structure, particularly if you have more than one property.

🤝Give us a call, we will make sure your questions are answered, your doubts are cleared and you hang up with a clear mind as to what you must do when it comes to your home loan refinancing.

Call Mark - 0481 556 100

17/06/2022

Finance brokers are paid commissions by lenders to match borrowers to the right products and can negotiate the lowest rate on your behalf, which is why more than half of borrowers today turn to finance brokers when it comes to finding a home loan.

In order to decide whether or not to provide you with a loan, lenders will generally assess you against FIVE QUALITIES

1. Your ability to repay the loan
To establish your capacity the lender will look at your employment history and salary to evaluate whether you have enough cash coming in to reliably pay the loan over time.

2. How much cash you have up front
Assessing your ability to put down a percentage of the value of the property being purchase up front is standard. The percentages vary, and specialist lenders may approve a 5% deposit.

3. The property appraisal price
Since the property is used as collateral if you are unable to repay the loan, the lender will value the property. Based on the report, the lender will decide whether the property is worth the loan being approved.

4. Your financial history
Your credit rating, expenses and debts will help the lender assess your character as a borrower and whether you are worth the risk.

5. Market conditions
Economic circumstances in the market can influence what interest rate you have access to and whether you need to provide extra security. They can also influence the repayment schedule.
Do you have any questions? Get in touch with us for a free no-obligation phone consultation

📞 Call Mark - 0481 556 100
📲 Email Mark - [email protected]

13/06/2022

Positive feedback from our amazing clients is a great feeling! 😇

Mark from Switch My Mortgage truly believes in building lasting relationships, that’s why his clients come back to him over and over again. 🤝

Thank-you for being a part of his success story!🏠

For all your property refinance inquiries contact Mark directly at 0481 556 100 👏

10/06/2022

When taking out a mortgage, many people forget to consider the fees and expenses that come on top of the purchase price of the property. Here are some of the extra costs that you’ll need to consider when you take out a home loan.

🏠 Home loan application fees - Most lenders charge a home loan application fee. The fee will depend on the loan you are applying for and the lender. Home loan application fees cover:
• loan contracts
• property title checks
• credit checks
• attending a settlement

🏠 Mortgage fees and costs
• Mortgage establishment fees – lenders generally charge a fee for setting up a mortgage.
• Property valuation fee – a third party chosen by the lender, is appointed to determine the value of your land & improvements.
• Mortgage registration – your mortgage deed needs to be registered with the government. Some State Governments charge stamp duty to register your mortgage.
• Lenders Mortgage Insurance (LMI) – if you don’t have 20% of the purchase price or the value of the property, the lender will require you to pay for a LMI policy that covers their risk in the event you default on your repayments.

🏠 Property fees and costs
• Building, pest & electrical inspection fees
• Registration of transfer fee – the new owner of the property needs to be registered at the land titles office.
• Legal fees – you generally need to pay a solicitor or settlement agent to handle the transfer of ownership of the property on your behalf.
• Home & contents insurance
• Life & income protection insurance
• Utility costs, Council rates, Water rates
• Strata / body corporate fees – if you buy an apartment or strata titled property, body corporate fees are charged
• Maintenance costs – don’t forget to make provision for regular maintenance on your home, even if you decide not to undertake significant renovation.

02/06/2022

We're all about offering a mortgage experience that's customized to your unique needs. Contact us today and enjoy the difference working with a team that is focused on one thing – YOU!
⁠
We do the hard work for you and we're FREE! 🤩💰

Get in touch with us: [email protected]

31/05/2022

MUST READ👇👇👇

By staying on top of interest rates, borrowers can make informed decisions about choosing a first-time home loan or getting a better rate by refinancing.

Interest rate percentages are based on a number of factors – the Reserve Bank, the cost of money on overseas markets, and the general state of the economy. Interest rates don’t appear to move by much when looked at as a simple number, sometimes only a fraction of a percent, but each basis point makes a significant difference to the total cost of a loan, and makes a big difference when you’re working to pay down your mortgage.
When you first lock in a home loan, you’ll choose a fixed or variable interest rate.

A fixed rate does not change over a set period of time, and your payments will be predictable each pay cycle. On the other hand, a variable rate is attached to the market interest rate and will move up and down with the market.

Interest rate calculators are very useful to help you compare rates across fixed and variable loans, and translate the rates into an impact on monthly repayments, loan length and the total cost of a loan.

The best way to keep on top of those movements is to stay in contact with your finance broker. They will be able to help you shop around to find the best deal for refinancing when the time is right for you.

www.switchmymortgage.com.au

27/05/2022

Many small business owners prefer flexible repayments.

Flexible repayments mean that a small business is able to repay their loan earlier, extend the
repayment periods, or make no repayments for a certain period of time depending on the
business’ cash flow.

Flexibility helps small businesses manage their cash position and ensures they can continue
to operate through seasonal ups and downs.

Are you a small business owner looking to refinance your home loan?🤩

Get in touch with us: www.switchmymortgage.com.au 🤝

Get obligation Free advice today. It’s time to save some money!💰💰

Address

L1 797 Plenty Road
South Morang, VIC
3752

Telephone

+61481556100

Website

http://www.switchmymortgage.com.au/

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