Home Loans 360

01/10/2021

06/09/2021

Looking to lock in some certainty with your home loan ? 🔒 💰

Check out our latest owner occupied fixed rates!

03/09/2021

The increasing demand for home loans has resulted in an increase in lenders offering cashback to those who refinance their mortgage. Cashbacks are quite attractive, typically ranging anywhere between $1,500 and $4,000 per loan.

Lenders use this as a marketing ploy to incentivise borrowers to refinance to their loan product, often at a slightly higher interest rate.

As a borrower it is important to weigh up the short-term cash back reward, at a higher interest rate, vs the long-term cash saving in refinancing at a lower interest rate. Often It is the later that will result in far greater savings.

14/08/2021

Life is all about the simple things 😂

Contact us today so we can help simplify your home loan!

29/07/2021

Thinking about everyone experiencing tough times at the moment.

Head up, move forward and control the controllable.🙌

24/07/2021

Looking to build or renovate your dream home?

Ask our mortgage specialist today about our construction loans and how we can help!

21/07/2021

Sneak peak of our latest Variable home loan rates!
- No upfront fees
- No ongoing fees
- 100% offset

Contact one of our mortgage experts to see how we can help !

18/07/2021

𝗣𝗿𝗲 𝗾𝘂𝗮𝗹𝗶𝗳𝗶𝗲𝗱 𝘃𝘀 𝗣𝗿𝗲 𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱
Most people have probably heard of both terms and in some instances used them interchangeably. However, there are important differences that every home buyer should understand as these are two key steps in the mortgage application process.

𝗣𝗿𝗲 𝗾𝘂𝗮𝗹𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗿 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗰𝗵𝗲𝗰𝗸
This involves the borrower providing an overview of their current financial situation including debts, expenses, income and assets to a lender or broker. The lender/ broker will then give an estimate as to how much the borrower can expect to receive. The process is often quick and plays a key role when it comes to making an offer or understanding how much you can borrow to determine your price range. It is important to note that it does not carry the same certainty as a Pre approval considering it is dependent on the information provided to the lender which may not be accurate.

𝗣𝗿𝗲 𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹
Pre approval is an official mortgage application that will then undergo an extensive credit and financial background check. The pre approval process typically takes up to 10 days. Once finalised the lender will then offer a pre approval up to a specified amount and is typically valid for 90 days.

Want to know how much you can borrow? Enquire today for a free serviceability check!

13/07/2021

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀 𝗮𝘁 𝗮𝗻 𝗮𝗹𝗹 𝘁𝗶𝗺𝗲 𝗹𝗼𝘄 𝗯𝘂𝘁 𝘆𝗼𝘂𝗿 𝘀𝘁𝘂𝗰𝗸 𝗶𝗻 𝗮 𝗳𝗶𝘅𝗲𝗱 𝗿𝗮𝘁𝗲?
Fixed rate home loans provide a great sense of certainty allowing borrowers to lock in a rate for a fixed period of time. A fixed rate home loan allows you to organise your budget and stay on top of constant repayments. More importantly, in the event of a sudden rate hike you will remain unaffected allowing you to save big.

𝗕𝘂𝘁 𝘄𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝗶𝗳 𝗿𝗮𝘁𝗲𝘀 𝗮𝗿𝗲 𝗹𝗼𝘄𝗲𝗿𝗲𝗱?
Often interest rates will fluctuate and you may get stuck at a higher rate than industry average when rates fall. This can be incredibly frustrating.

𝗪𝗵𝗮𝘁 𝗰𝗮𝗻 𝘆𝗼𝘂 𝗱𝗼?
Contact your lender and request a quote to break your loan inclusive of the early repayment cost.

If the differences in the average interest rate and that you are “stuck” with are significant you may want to consider breaking a fixed home loan by:
- Refinancing your home loan product with the same/ or different lender
- Make extra repayments in excess of an accepted amount
- Repay the loan in full before the end of fixed rate period

You will need to pay two fees when you break the loan.
1. Break fee ( calculated based on interest rate your locked into, how much time remains on your fixed rate term and the loan amount initially borrowed)
2. Discharge fee (fee set by each lender)

You may find that the savings of refinancing your existing fixed rate to a lower interest rate will offset the immediate breakage cost and maximise long term savings.

29/06/2021

Despite the recent lockdown we are still operating and in full swing.

We have implemented all the necessary COVID-19 protocols within our day to day operations 😷 🦠

15/05/2021

Our investment variable loans have been hot property!

Get in touch with us today to see how much we can save you on your loan!