Michael Arbon - Mortgage Broker

Michael Arbon - Mortgage Broker Your local Broker for residential and commercial finance. Providing access to over 30 lenders at once

Michael is finance broker with KeyInvest Lending Services; a company who has 135 years of proud history and a fantastic reputation in the finance industry. He is able to offer services to residential, commercial, vehicle and equipment finance as well as refinancing and personal loans. Michael holds a Diploma of Finance and Mortgage Broking Management and is currently completing his Masters of Busi

ness Administration with Torrens University. Contact Michael on 0428873008 to discuss how he can help you with your finances.

If you make the minimum repayments on a $500,000 mortgage, over 30 years the bank will pocket over $602,000 in interest....
06/01/2025

If you make the minimum repayments on a $500,000 mortgage, over 30 years the bank will pocket over $602,000 in interest.

If you pay $500 extra per month, you'll pay $210,000 less interest and clear your loan in just 21 years.

If you pay $1,000 extra per month, you'll pay $306,000 less interest and clear your loan in just 16.5 years.

*Calculations based on an interest rate of 6.20%p.a. and a no fee home loan. Rounded to nearest thousand.

If you want to clear your debt sooner, let us help you.
06/01/2025

If you want to clear your debt sooner, let us help you.

When was the last time your bank offered you a lower rate?Regular rate renegotiations are a core component of our ongoin...
23/07/2024

When was the last time your bank offered you a lower rate?

Regular rate renegotiations are a core component of our ongoing service to you.

"A banking licence in Australia is essentially a licence to print money and Australia’s banking market is best described...
04/07/2024

"A banking licence in Australia is essentially a licence to print money and Australia’s banking market is best described as an oligopoly. This structure is bad for consumers because the major banks have a competitive advantage over their rivals. Lower capital costs, the backing of government guarantees, as well as policies and pricing that often appear to be in lockstep, all lead to poorer outcomes for consumers".

“A Broker’s primary value offering to a client is service and trusted advice. As I often say in our office, ‘the banks have tellers, but we have listeners.’ Secondary to our service proposition, a Broker provides choice. Having access to dozens of different products is a real advantage and enables us to focus on service, knowing that the product we are offering the client is truly the best for them".

You can read my full comments here: https://www.mortgagebusiness.com.au/lender/19237-the-impact-of-mergers-on-brokers

14/12/2022

Hello from our new Your Mortgage Co. office in Woodside.

Contact us for all your home, investment, commercial and business finance needs.

See you all at the Christmas pageant tonight Woodside Commerce Association.

Your Mortgage Co. have opened our new office in the beautiful Adelaide Hills. We love to call this community home and lo...
03/11/2022

Your Mortgage Co. have opened our new office in the beautiful Adelaide Hills.

We love to call this community home and look forward to sharing our Woodside base with you all.

When was the last time your bank voluntarily offered you a better deal?Our service to you is for the life of your loan.
29/07/2022

When was the last time your bank voluntarily offered you a better deal?

Our service to you is for the life of your loan.

Fear is the enemy of action. In a world filled with fear, we must step back and consider the bigger picture.
12/07/2022

Fear is the enemy of action. In a world filled with fear, we must step back and consider the bigger picture.

The days of record low rates have come to an end for now.Today, CommBank increased fixed rates for the 10th time since O...
30/06/2022

The days of record low rates have come to an end for now.

Today, CommBank increased fixed rates for the 10th time since October 2021. 4 year fixed rates now price in a further 15 standard increases by the RBA.

If you take their 4 year fixed rate offer today (6.59%) you will have certainty, but you will be paying 128% more than the current variable rate offer (2.89%) from day one. You will only save money if rates run up much faster and higher than expected.

On the Australian median mortgage amount of $624,000, the difference in monthly repayments between these two rates is $1,325 extra per month on a 25 year P&I mortgage.

Switching loans to fixed rates are a hot topic. People usually fix their rates because they are trying to provide certainty for a period of time.

You can choose to fix some or all of your loan, but fixing has limitations on additional repayments and offset accounts generally cannot be linked to fixed rates. Fixing also means that you may pay break/exit fees if you choose to vary the loan during the fixed term.

Some people choose to split their loan and retain a variable portion with linked offset as well as a fixed portion for some certainty.

If you have questions, reach out to your Mortgage Broker, they will be more than happy to discuss your options. The only thing we don't have is a crystal ball.

What financial impact has the past 12 months of property mania had on potential home buyers? 👇
26/10/2021

What financial impact has the past 12 months of property mania had on potential home buyers? 👇

We're here for the life of your loan 🤝
18/08/2021

We're here for the life of your loan 🤝

What financial impact has the past 12 months of property mania had? 👇
17/06/2021

What financial impact has the past 12 months of property mania had? 👇

Address

5/80 Onkaparinga Valley Road
Woodside, SA
5244

Telephone

+61428873008

Website

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