Mortgage Choice in Yarra City- Ashleigh Ong

Happy New Year from Mortgage Choice
We can't wait to see what 2023 brings. 🎉

Finding the right home loan is an essential step within the property journey and therefore it's important that your loan is right for your current circumstances.

As not all home loans are the same, it may be confusing and challenging to know which loan is right for you.

That’s where a mortgage broker can help. Contact us today and we’ll take the hard work out of finding you the right home loan.

What does the Federal budget 2022 means for Australia’s property market?

Labor’s first budget since forming government aims to address housing affordability over the long term by ramping up supply. The government has set an ambitious agenda to build one million homes over five years.

Read more on our blog:

Federal budget 2022: What it means for Australia’s property market - Mortgage Choice The government has set an ambitious agenda to build one million homes over five years.

Stamp duty is a state and territory government charge incurred by a buyer when purchasing a property. The amount of stamp duty you will pay can depend on the price you paid for the property, where you are buying and your eligibility for first home buyer savings.

Work out an estimate of how much stamp duty you could be liable to pay on a property purchase with our stamp duty calculator:

https://bit.ly/3z6yxE3

A portable loan could save you the time, cost and the hassle of refinancing or getting a new home loan, but it's not without caveats.

Home loan portability is a feature that allows you to keep the same home loan product but change the supporting security (property). It could save you the time and costs of refinancing. Keep in mind though, that there are generally fees to make use of this feature.

Contact us to discuss whether a portable loan might be the right option for you.

Having multiple debts can make it challenging to keep track of your repayments. It may result in paying more fees and you may even be paying a higher interest rate depending on the types of loans you have.

Refinancing to consolidate your debt could help you save money and get back in control of your finances. Having just one lender, one repayment and one set of fees to manage seems far simpler.

We can help you select the consolidation loan that’s right for your needs, contact us today.

Has your home earned more than you?

Some home values have outpaced the average annual salary in their suburb by more than 10 times over the past financial year.

Read more on our blog:

The suburbs where homes are earning more than their owners - Mortgage Choice Some home values have outpaced the average annual salary in their suburb by more than 10 times over the past financial year.

Here are three key steps to starting your journey as a property investor:

1. Establish goals and create a plan - understand the rental market, understand your financial position and know your potential return.

2. Ensure you have enough for a deposit, know how much equity you have in your current property and understand lenders mortgage insurance.

3. Calculate the costs - stamp duty, body corporate fees, council rates, maintenance costs and more.

Contact us to discuss investment loans and to start your property investment journey.

Did you know 67% of all new home loans written last year were through a mortgage broker?

By using a local home loan expert, they can negotiate with the lender on your behalf, help you to find the right solution for your needs and can give you sound advice to help you make the right decisions through your home loan journey.

At Mortgage Choice, you’re never a loan. Contact us today.

Looking to buy in 2022? Tick off these items and you will be on your way to home ownership.

When you’re ready to take the next step, we’ll be here to guide you through the process.

Contact us today.

Is refinancing on your household to-do list? A fourth rate hike has been a cue to review for many home owners.

Speak to us to get a clear picture of how your loan shapes up or find out more on our blog.

August News and Market Updates - Mortgage Choice Interest rates are at record lows, but may not stay that way forever. Compare loans across over 30 lenders to find one that works for you here.

QUICK TIPS: Optimise your saving efforts.

1. Establish a budget and set a savings goal.
2. Look at your bank statements and review items like memberships, phone plans and subscriptions.
3. Consider using a savings account or a term deposit to get your money working for you.
4. Set up automatic payments to your chosen savings account.

Contact us today for more helpful tips on saving for a deposit.

Do you know what your current rate is? Are you prepared for more potential rate rises?

If you're unsure how much your home loan is costing you or what another rate rise could mean for you – you’re never a loan.

Contact us and we’ll help you make sure you have the most suitable loan for your future.

Rising interest rates, more listings and less competition could see property prices fall as much as 15% nationally by 2023 according to PropTrack.

Find out more on our blog.

Property outlook: where home prices are heading - Mortgage Choice Interest rates are at record lows, but may not stay that way forever. Compare loans across over 30 lenders to find one that works for you here.

Stamp duty is a state government charge incurred by a buyer when purchasing a property.

The cost varies by state and is impacted by the value of the property you purchased and your eligibility for first home buyer savings.

Contact us and we’ll guide you on the costs involved in buying a home and your home loan options.

Considering using a mortgage broker? Here are just some of the reasons to choose us:

1. We always act in your best interest to help you find a home loan
2. We will negotiate a loan on your behalf
3. We can help you understand all the complicated aspects associated with your home loan and paying off your mortgage
4. We could help to save you time and money!

Contact us today to discuss your home loan needs.

Looking to buy and wondering how much you can borrow?

Our borrowing power calculator gives you an initial estimate of what a lender may be willing to lend to you. This calculator can show you the effect different interest rates and loan periods will have on the amount of money you can borrow, the total interest you pay and your estimated monthly loan payments.

https://www.mortgagechoice.com.au/home-loan-calculators/how-much-can-i-borrow/

The latest five-yearly snapshot of the nation’s population has revealed some interesting insights into the way we live.

Read more to find out about five key housing facts from the 2021 Census.

What the latest Census reveals about Australian housing - Mortgage Choice The great Australian dream of homeownership is alive and well, but is the picture changing?

You might've heard the term 'LVR' or Loan to Value Ratio, but what does it really mean and why is it important? Knowing your LVR allows you to know where you stand and how much you may need to borrow before you apply for a home loan.

Speak with us and we’ll guide you through the home loan application process.

What is LVR?

Interest rates jump 0.5%, lifestyle regions notch up price growth, and 7 in 10 use home equity to achieve goals.

Read more on our July update.

July News and Market Updates - Mortgage Choice Interest rates are at record lows, but may not stay that way forever. Compare loans across over 30 lenders to find one that works for you here.

Even with interest rates on the rise, there may be a more suitable home loan option available to suit your current circumstances. Now is the time to contact your local broker and here are some questions to ask:

1. Are there associated costs?
2. What's my property value and equity?
3. What is the term of the loan?
4. Should I consider a fixed loan?
5. What loan features are available?

Contact us today to discuss your refinancing options.

Self-employed? Can't find the right loan? Struggling with your credit rating?

Regardless of your personal circumstances we are here to help you. Not only will we work with you to understand your individual situation to find you the right home loan, we could also help you repair your credit history and get you a loan as soon as possible.

Contact us to discuss your options.

A Mortgage Choice broker could save you time and money on your home loan by doing all the hard work for you. And we’ll never treat you like just another loan.

Talk to an expert today.

Since May, interest rates have risen from a record low of 0.1% to 1.35%, potentially adding hundreds of dollars to monthly repayments for an average sized home loan.

If you are unsure about what the latest rate rise means for you - contact us for a home loan health check or read more on our blog.

RBA delivers back-to-back double-sized rate hikes - Mortgage Choice The Reserve Bank of Australia has lifted the official cash rate by a super-sized 50 basis points to 1.35% in July.

There are many benefits of using a Mortgage Choice mortgage broker, here are a few:
1. We value your business and will treat you like a person.
2. We will provide expert advice based on your situation.
3. We have access to smart technology.
4. We provide award winning service.
5. You will have a trusted person in your corner

Most borrowers on a variable interest rate will now find their rate has gone up. This makes it a great time to look at the rates other lenders are offering to check if you are getting a competitive deal on your mortgage. You could find you could get a better offer elsewhere – in which case, it may be time to refinance. Get in touch with us today and let us do the work for you.

Do you plan for the future or prefer to take each day as it comes? Whether you're a planner or a procrastinator there are still options for achieving your property goals. If you'd like us to show you some options, we'd love to have a chat.

June is shaping up to be a big month in the home loan and property markets. Here’s what you need to know.

https://www.mortgagechoice.com.au/home-loans/home-loan-news/

June Market News and Updates - Mortgage Choice Interest rates are at record lows, but may not stay that way forever. Compare loans across over 30 lenders to find one that works for you here.