Browse Posts “Mortgage Brokers”.
Yes it is true. But you already knew that of course! But perhaps what you didn’t know is that the amount you can borrow between lenders can differ by tens and sometimes hundreds of thousands?
One of the most common mistakes by borrowers is the feeling that lenders will lend roughly the same amount because they mistakenly believe ‘all lenders are the same’.
The truth is that every lender calculates your borrowing capacity very differently; from the way they calculate your income to the calculations on your existing debts and even the way they work out what your ...
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Categories: Finance News, Mark De Martino. Tags: Borrowing Capacity, Investment Purchase, Lenders, Mark De Martino, Property.
In the 12 months to March 2010, unit purchases really took off in Mermaid Beach, said Loan Market Mermaid Beach mortgage broker, Ross Corby.
"The number of units sold in the area was well over double that of freestanding houses," said Ross, referring to both his own experiences finding home loans and a personalised report.
"It's a good indication of how affordable units are in the Mermaid Beach area, in a relative sense."
Ross works with property purchases to assist them with their home loan or investment loan requirements, and said that if you are considering buying a unit in Mermaid Beach, or anywhere on the ...
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Categories: Mortgage Brokers. Tags: Home Loans, Loan Market, Mermaid Beach, Mortgage Broker, Ross Corby, Units.
Loan Market Tweed Heads mortgage broker, Jeff Preston, has seen a lot of auctions and one thing he has noticed is that those bidders who have their finances ready before the big day are much more confident.
"Anyone at an auction who has their home loan ready to go is going to be in a better position than someone who hasn't asked the question," said Jeff.
"It's pretty simple, if you go talk to someone about your home loan first, you're going to have a pretty good idea of how much you can borrow - and therefore how much you ...
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Categories: Mortgage Brokers. Tags: buying at auction, Home Loan Pre-approval, Jeff Preston, Loan Market, Mortgage Broker, Tweed Heads.
Property prices in Manly reflect how strong the market is on the Northern Beaches, with the median house price sitting at more than $1 million and until prices at over $600,000.
Loan Market Manly mortgage broker, Andrew Watson, said that such strength in the market has its pros and cons.
"If you are an existing property owner in the Manly area, strong property prices can only benefit you as the equity in your property increases," said Andrew.
"Such a result can open up opportunities for you to invest in property using your equity."
For those looking to purchase property in the area, ...
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Categories: Mortgage Brokers. Tags: Andrew Watson, Commercial Loans, commercial property investment, Investment, Loan Market, Manly, Mortgage Broker.
A national survey has shown what Loan Market Wagga Wagga mortgage broker, Kaylene Blencowe, already knew - that family can make a big difference when it comes to buying your first home.
"The deposit requirements have changed significantly over the past few years and such creatures as no deposit loans have disappeared," said Kaylene.
"A lot of potential first home buyers weren't really prepared for that - ready to service a mortgage yes, but provide a deposit for it, no."
According to Kaylene, for first home buyers who don't want to wait to make their first property purchase, using the equity ...
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Categories: Mortgage Brokers. Tags: Family Equity, Kaylene Blencowe, Loan Market, Mortgage Broker, Wagga Wagga.
Loan Market Redcliffe mortgage broker, Philip Jenkins, has assisted people from all walks of life to find the right home loan over the course of his career, including bank employees.
"Everyone wants the right home loan for their situation and just because this particular client worked for a bank, it doesn't mean the products at work suited their needs," said Philip.
"It's my job to find a great home loan for every client, and there are few people that understand what a mortgage broker really does better than a bank worker."
Based in Redcliffe in Brisbane's North, Philip gets excited by ...
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Categories: Mortgage Brokers. Tags: Brisbane North, Home Loan, Loan Market, morgage broker, Philip Jenkins, Redcliffe.
Loan Market Murrumba Downs mortgage broker, Don Hastie, has extensive knowledge and experience to offer home loan and investment loan borrowers, including a solid understanding of economics.
"I have a good understanding of the Australian economy and how its performance can affect home loan interest rates," said Don.
"I use that knowledge to help my clients to make sound decisions about their home loans, in both 'good' and 'bad' times."
Don works with first home buyers, investors, self-employed borrowers and new arrivals into Australia, as well as existing borrowers looking at refinancing their home loans.
"I've personally been in all of those ...
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Categories: Mortgage Brokers. Tags: Don Hastie, First Home Buyers, Home Loan, Loan Market, Mortgage Broker, Murrumba Downs, New Arrivals, Self-employed Borrowers.
The media property price in Greensborough for the March 2010 quarter was close to the state average, at $516,000 vs $524,ooo, according to recent results from the Real Estate Institute of Victoria (REIV).
Loan Market Greensborough mortgage broker, Peter Armstrong, said the property prices are an indication of the strength of the suburb, but that increases should not scare potential buyers awy.
"Home buyers, particularly first home buyers, are often looking for a bargain property, and feel that a suburb with prices close to the state average might not offer that," said Peter.
"But the truth is, it's not about the ...
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Categories: Mortgage Brokers. Tags: Greensborough, Loan Market, media property price, Mortgage Broker, Peter Armstrong, Refinancing, REIV.
Recent Real Estate Institute of South Australia (REISA) figures show that Adelaide has a very low rental vacancy rate of just over 1%, a situation that could potentially provide property investors with an excellent opportunity to start or expand their property portfolio.
Loan Market Torrensville mortgage broker, Rose Fitch, is just the person to help you finance an investment property.
"There are several ways that property investors can secure loans through the various lenders, depending on their requirements," said Rose.
"And it's important when you are considering investment property that you get your investment loans right."
According to Rose, a good property investment ...
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Categories: Mortgage Brokers. Tags: Adelaide, Investment Loan, Loan Market, Mortgage Broker, Property Investor, Rose Fitch, Torrensville.
You should check your home loan regularly to ensure you are getting a good interest rate and overall home loan package, says Loan Market Henley Beach mortgage broker, Trevor Richter.
"Many Australians pay more than they need to on their home loan repayments," says Trevor.
"This needlessly puts stress on household budgets and can drag out how long it takes you to pay off your home loan."
According to Trevor, simply enquiring about the interest rate savings available via a professional package can save borrowers a significant amount of money.
"Depending on your circumstances and how much you are borrowing, a professional ...
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Categories: Mortgage Brokers. Tags: Henley Beach, Loan Market, Mortgage Broker, Professional Package, Refinancing, Trevor Richter.
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