Mortgage Choice Newcastle - Peter Byrne
Peter Byrne is your mortgage broker for Newcastle and Lake Mac. Regional Broker of the Year Finalist!
15/08/2024
When calculating how much you can borrow, it’s important to consider potential changes in your employment or lifestyle, as well as any upcoming major expenses.
These factors can put a strain on your finances, especially on top of mortgage repayments.
At Mortgage Choice Newcastle & Lake Macquarie, we’re with you every step of the way. Chat to us today.
We often get asked the question: How long do I need to be in my current job before applying for a home loan?
Our latest blog covers that question for all types of PAYG employment.
You can check it out here:
08/08/2024
‘Loyalty tax’ is the price you can pay for being loyal to your loan provider.
While lenders often offer new customers a lower interest rate to attract their business, loyal customers are often stuck paying higher rates. This ‘loyalty tax’ could cost you thousands of dollars in interest over the life of your loan.
At Mortgage Choice Newcastle & Lake Macquarie, we can offer a variety of loan options – including some specifically designed to ensure you’ll never pay loyalty tax.
Talk to us today. You can call our local team on (02) 4001 0421
01/08/2024
Did you know that on average, existing customers who are loyal to their lender pay more on their mortgage than new customers? This ‘loyalty tax’ could cost thousands of dollars in interest over the life of your loan.
Mortgage Choice Newcastle & Lake Macquarie can access thousands of home loan products from more than 35 lenders, including loan options specially designed to ensure existing customers will never pay more than a new customer on a like-for-like loan.
We can review your existing home loan to ensure you’re still on a competitive rate – or help you find a product that’s right for you.
To find out more, you can book a meeting with Peter today: https://www.mortgagechoice.com.au/peter.d.byrne/?bookNow=true
Thinking about renovating instead of moving?
Discover the benefits and financing options for your dream home transformation in our latest blog!
https://www.mortgagechoice.com.au/peter.d.byrne/blog/renovate-over-relocation-in-newcastle-lake-macquarie/
Macquarie
25/07/2024
Why wait until December to give yourself a little treat?
Celebrate Christmas in July by speaking to your broker about reviewing your home loan to see if you could reduce your home loan repayments 🎁.
Talk to us today to learn more about refinancing. You can give us a call to find out how much you can save on (02) 4001 0421
Are you looking for the ultimate guide for home loan pre-approvals in 2024?
Then look no further than our latest blog:
19/07/2024
An exciting step on your home-buying journey is receiving pre-approval (otherwise known as conditional approval). While a pre-approval does provide a level of certainty, there are still some important things to keep in mind:
◼ Watch the time span: A pre-approval is usually only valid for up to 90 days. This is because a borrower’s personal circumstances, and even the property market, can change quickly.
◼ Your circumstances or the market may change: Pre-approval is offered on the information you provide at the time of application, the current market conditions and average interest rates. If any of these factors change following pre-approval, you may no longer be eligible for the same amount of funding.
◼ Pre-approval is not a guarantee of funding: A pre-approval doesn’t always mean you will receive a home loan. The property you’re hoping to buy will act as a security for your loan, so formal approval can only be granted once you’ve chosen a property.
If you’re looking to buy a property, seeking pre-approval through your broker is a great first step. Talk to us today to learn more.
Want to know why Mortgage Choice Newcastle is the local choice for your home loan & personal loan needs?
Check out our latest blog to see how we can help you save money and get the best possible deal.
https://www.mortgagechoice.com.au/peter.d.byrne/blog/why-our-clients-choose-mortgage-choice-newcastle-lake-macquarie/
Keeping your mortgage on track is essential for a stable home and future financial flexibility. Peter Byrne from Mortgage Choice Newcastle, Lake Macquarie and Hunter Valley shares top tips for maintaining a healthy mortgage.
https://www.mortgagechoice.com.au/peter.d.byrne/blog/keeping-your-mortgage-healthy-in-newcastle-lake-macquarie-top-tips/
04/07/2024
Bridging loans (also known as bridging finance) are short-term loans that allow you to buy a new property before selling your existing property.
When you take out a bridging loan, the lender usually takes over the mortgage on your existing property and finances the purchase of your new property. This total amount is known as Peak Debt. Once you sell your first property, the net proceeds of the sale (sale price minus sale costs/agent fees) are used to reduce the Peak Debt, with the remaining balance known as the End Debt.
Book an appointment with our team today: https://www.mortgagechoice.com.au/peter.d.byrne/
01/07/2024
As we tick over to the first of July 2024, the Australian Government makes adjustments and opens new spots to the Home Guarantee Schemes. The latest changes enable more accessible housing to first-home buyers and single parents to purchase a new home in the 2024-2025 financial year.
If you are a Newcastle, Lake Macquarie or Hunter Valley resident, you can benefit from all three schemes. Find out how to apply through our latest blog:
26/06/2024
Mortgage Choice Newcastle & Lake Macquarie can access thousands of home loan products from more than 35 lenders, as well as a range of loan options exclusive to Mortgage Choice customers.
There are even flexible home loan options designed to help you secure your financial freedom sooner and pay off your home loan faster.
Talk to us today. You can reach out to our local team on (02) 4001 0421
Want to gain a better understanding of the current interest rates?
If you are looking to purchase or refinance your home loan, then our latest blog is a must read.
Check it out here: https://www.mortgagechoice.com.au/peter.d.byrne/blog/explaining-the-current-mortgage-rates-for-novocastrians-what-you-need-to-know/
21/06/2024
Are you getting ready to take your first step into home ownership?
Here are some ways to help you get into your own home sooner as a first home buyer.
Read on to find out more.
🔗
How to secure a home loan as a first home buyer - Mortgage Choice Are you getting ready to take that first step into home ownership? As a first home buyer, there are some ways we may be able to help you get into your own home sooner.
Have you been thinking about investing in local property?
Then check out our latest blog that could help you: https://www.mortgagechoice.com.au/peter.d.byrne/blog/starting-your-investment-property-portfolio-in-newcastle-lake-macquarie/
As a general rule of thumb, it’s a good idea to review your home loan once a year to make sure it’s still right for you.
By shopping around for a better deal, you could save thousands of dollars in interest charges and potentially shorten the lifespan of your loan.
Speak to us today to get on top of your finances ahead of the end of financial year.
05/06/2024
Are you struggling with all of the high repayments for your debts?
Would rolling them all into one lower monthly repayment ease the stress just a little bit?
Debt consolidation is the process of rolling several different loans into a single loan. This can be an effective way to streamline multiple repayments each month and could even save you money by reducing fees and interest costs. Rolling other high-interest debts (e.g. credit cards) into your home loan could also mean you pay a lower interest rate on the total debt.
Debts you could consider consolidating may include:
Home loan
Credit cards
Personal loans
Car loans.
If you’d like to understand whether debt consolidation is right for you, speak to us today. You can call our local team on (02) 4001 0421
In Newcastle, Lake Macquarie, and the Hunter Valley, many prospective home buyers are burdened by student debts and often worry about their size. However, the size of a HECS debt doesn’t directly impact borrowing capacity. Instead, it’s the borrower’s income that determines repayment amounts.
To find out more on how it impacts you, check out our latest blog: https://www.mortgagechoice.com.au/peter.d.byrne/blog/navigating-hecs-help-debts-and-home-buying-in-newcastle-lake-macquarie-and-hunter-valley/
30/05/2024
People working in certain professions and earning over the income threshold may be exempt from paying Lenders Mortgage Insurance (LMI).
Lenders can waive LMI for specific professionals because they're considered low-risk borrowers due to their high income and stable profession - even with a high loan-to-value ratio (LVR).
Speak to us today to learn if you’re eligible for an LMI exemption or potential discount.
More people are retiring with debt than ever before!
This can mean delaying retirement, enjoying retirement less and losing out on potentially great experiences.
Find out what you can do about it with our latest blog: https://www.mortgagechoice.com.au/peter.d.byrne/blog/managing-debt-as-you-retire/
23/05/2024
Have you been holding your breath for an interest rate drop? Don’t wait to make your next move.
With interest rates currently on hold and no signs there’ll be a rate cut anytime soon, now could be the right time to explore your home loan options.
Book an appointment with me today to find out more https://www.mortgagechoice.com.au/campaign/dont-hold-your-breath/?fid=NSW2743
Our latest blog discusses how we helped a local family get into their new home!
We work with locals facing all sorts of financial challenges to see them and their families get into a home they love.
Check out the blog for more: https://www.mortgagechoice.com.au/peter.d.byrne/blog/another-local-family-scored-their-dream-home-/
08/05/2024
Saving for a deposit is one of the hardest parts of buying a home – especially when property prices and the cost of living keep rising.
The Australian Government introduced the Home Guarantee Scheme to help low-to-middle income earners get into their own home sooner.
People who are eligible to participate in the Scheme can use a lower-than-usual deposit without paying Lenders Mortgage Insurance (LMI). Borrowers generally pay LMI if they’re borrowing more than 80% of the property purchase price.
Curious to know if you’re eligible? We did a deep dive on all of the government schemes available to home buyers!
Check it out here: https://www.mortgagechoice.com.au/peter.d.byrne/blog/changes-to-the-2023-government-guarantee-schemes-for-home-buyers/
02/05/2024
When your fixed rate is nearing its end, your mortgage broker and your lender will usually contact you to discuss your options. It’s important to stay on top of your fixed loan expiry date, as once this passes you will automatically roll onto a variable product, which may not have the rate and features that are right for you.
We can help you decide if it’s best to:
1️⃣ Re-fix your loan at a new rate
2️⃣️ Switch to a variable rate
3️⃣ Refinance with a new lender.
Talk to us today to discuss your options. You can reach out to our local expert team on (02) 6550 0344 or you can book an appointment on our website: https://www.mortgagechoice.com.au/peter.d.byrne/
Are you looking for ways to potentially cut down on your home loan interest and boost your savings?
One possible option is offset accounts.
Check out our latest blog for more: https://www.mortgagechoice.com.au/peter.d.byrne/blog/offset-accounts-reducing-interest-in-newcastle-and-lake-macquarie/
24/04/2024
This ANZAC Day, we remember and thank all those who have sacrificed so much for our freedom and country.
We will remember them.
Are you looking to save money on your home loan?
If so, check out our latest blog to see how we can help you save thousands over the life of your loan!
Check out the blog here: https://www.mortgagechoice.com.au/peter.d.byrne/blog/get-a-better-deal-on-your-home-loan-newcastle-lake-macquarie-hunter-valley/
16/04/2024
Refinancing is the process of switching your existing loan for a new one – either with your current lender or a different one.
At Mortgage Choice Newcastle & Lake Macquarie, we can compare your current loan interest rate, fees and features with hundreds of products from our panel of more than 35 lenders to find the loan that’s right for you.
Talk to us today to learn more. Call our expert refinancing team on (02) 4001 0421
Have you found the dream home?
Don't have the finance approval but don't want to miss out?
If you are in a rush, you might be in luck. Our team at Mortgage Choice Peter Byrne work with speed to get you approval on your home loan, plus we have some fast lenders on our panel.
Find out more in our latest blog: https://www.mortgagechoice.com.au/peter.d.byrne/blog/need-a-mortgage-fast-how-long-does-it-take-to-get-a-home-loan-/
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Contact the business
Telephone
Address
Suite V2, Level 2/384 Hunter Street
Newcastle, NSW
2300
Opening Hours
| Monday | 8am - 6pm |
| Tuesday | 8am - 6pm |
| Wednesday | 8am - 6pm |
| Thursday | 8am - 6pm |
| Friday | 8am - 6pm |