Mark West at Loan Market

There's a reason over 70% of Australians choose to work with a broker when taking out a loan - and this number continues to rise. A Loan Market broker is legally obligated to work in your best interest and can compare over 60 lenders to find the right solution for you.

Have you been dozing off with visions in your head of family road trips, four-wheel driving adventures or simply a vehicle that isn’t falling apart?

As your broker, we can help secure you the finance to bring those visions to life.

If you’re purchasing property and don’t want to be stuck with the same rate for an extended period in case market conditions push rates down, a variable rate could be what you’re looking for.

There are a number of other factors to consider when it comes to which loan is right for you. As your broker, we can help guide you every step of the way.

The Australian Taxation Office (ATO) has said it is focusing on investors this tax time after noting the majority had made errors in their tax returns in previous years.

We dive into what the ATO will be looking out for https://broker.loanmarket.com.au/mark-west/blog/ato-eye-on-property-investors/

When it comes to using a loan to help you purchase your first home, it helps to plan ahead.

As well as saving your deposit and accounting for any potential additional costs, it’s a good idea to think about what your loan repayments could be.

Our loan repayments calculator can help you determine your loan repayments.

https://broker.loanmarket.com.au/mark-west/calculators-tools/loan-repayment-calculator/

When considering which lender is right for your home loan solution, it’s natural to want to ensure that whoever you choose is safe. In reality, all lenders in Australia, big or small, are held to the same industry regulations and standards throughout your loan journey.

There are a number of reasons why it helps to use a broker for your next loan. A big one is that all brokers are bound by best interest duty. This means that they are legally obligated to work in your best interest and only ever recommend solutions that are right for you.

Estimating your regular expenses when applying for a loan can be a little clunky, right? That’s why we’ve brought in SmartData. It’s a safer and simpler process that quickly captures your bank account and credit card transaction history, liabilities and expenses.

We’ve all got plans about what we’d like to do with our home to give it an upgrade. Those plans don’t have to stay plans. As your broker, we can help secure you the finance to get there.

From a new kitchen, to a new bathroom, to making your home more eco friendly, we’ve got you covered.

Many people experience financial difficulty from time to time and it's certainly nothing to be ashamed of. If your circumstances have changed and you've been having difficulty with your mortgage repayments, there are some things that lenders may be able to do to help. Reach out to me. We can go through your situation in detail and investigate all options for assistance from your lender.

This is NAIDOC Week where we celebrate and recognise the culture and achievements of Aboriginal and Torres Strait Islander peoples. We pay our respects to the Elders past, present and emerging.

If you are of Aboriginal or Torres Strait Islander descent, did you know there is government support available to help you get into the property market?

You can find out more here: https://iba.gov.au/home-ownership/about-iba-home-loans/

Loan Market data has revealed that the average first-home buyer deposit in the year up to June has increased more than $12,000 since before the pandemic. However, there are still plenty of ways to get your foot onto the property ladder. As your broker, we can help.

Happy End Of Financial Year. It’s time to check off your End Of Financial Year checklist and get the new year off to a great start.

Data from Domain and Canstar has revealed just how much annual gross income people will need to buy a house in some of Australia’s capital cities.

If you’re wanting to explore your options for your property search and see how much you could afford to buy, chat to us.

Dreaming of that new car but life just seems to keep putting that dream on hold?

We can establish a plan and help get you the finance to get your goals back on the road.

Loan Market data has revealed the types of loans Australians have been choosing in 2024.

91.20% have been variable only, 6.05% have been fixed only and only 2.75% have been split loans.

Predictions that the cash rate may begin to decrease over the next year could be a reason most are currently choosing a variable rate. However, there are a number of reasons why a certain type of loan may be most suitable for a particular person.

As your broker, I can help you find the right type of loan for you.

Whether you’re saving for your first home, next home, brand new car or something else, creating a budget that you can stick to can go a long way towards helping you achieve your goals.

Our budget planner calculator https://shorturl.at/bHccB can help you get started on your budgeting journey.

A first-home buyer purchasing a new home in South Australia worth $750,000 could now save over $50,000.

Read more here: https://broker.loanmarket.com.au/mark-west/blog/sa-fhb-stamp-duty-abolished/

Big lenders tend to have the most number of clients and have been around for a long time so that means that they must be safer right? Wrong.

All lenders big or small are held to the same regulations, meaning there is very little difference in the safety of your money with one compared to another.

When it comes to your interest rate, there’s typically the choice to get fixed, variable or split (combining both fixed and variable). As your broker, we can help you choose the loan that works for you.

Loan Market data has revealed that the number of investment loans lodged in the 12 months up to April 2024 has increased by 16%.
This adjustment in statistics could be for a number of reasons including a recent plateau of the official cash rate and a decline of inflation rates (according to the Australian Bureau of Statistics).
If this increase has you curious about whether or not now could be the right time for you to purchase an investment property, we’re here to help.