Aaron Brewer - Mortgage Broker

How does Equity work?

If your property was worth $1,000,000, the bank would allow you to have an 80% loan on your property without charging you Lenders Mortgage Insurance. If you had a mortgage of $500,000 it would leave you with $300,000 of Equity able to be used.

Weekly, Fortnightly or Monthly which should I pay?

What is the right type of home loan for you?

Struggling to get your offer accepted? Here are some ways to help make your offer more competitive :)

Why use a Mortgage Broker?

How has the rising interest rates affected your Borrowing Capacity?

The home buying process can be stressful!

Here is a quick overview of the process of buying a home in Australia

What types of Mortgages are there in Australia?

Checkout the 4 primary options for types

👉 Fixed Rate Mortgages

👉 Variable Rate Mortgages

👉 Interest Only Mortgages

👉 Principal & Interest Mortgages

Thinking about getting a Pre Approval?

Here is your checklist 🗒️

How to go from 1 property to 2

Rising interest rates has had an extreme affect on the amount you can borrow from the bank. Here are three lenders that shows the difference between the last two years and how much they would lend to you in the same situation.

An Offset Account can help you to shave years off your loan term and reduce the interest charged over the lifetime of the loan.

Here is an example of 650k Home Loan

CRAP HOME LOAN ADVICE FOR 2024

Deciding whether to have a Basic or an Offset Product as a Variable Home Loan?

Here are the pros and cons

HOW DOES AN OFFSET WORK!?

An offset account is a separate transaction account associated with your home loan. Any amount you put in this account is used to ‘offset’ the amount you owe on the home loan. The interest is then calculated on the loan balance minus the funds held in your offset account.

Putting your savings into an offset account can help reduce the amount of interest you pay on your mortgage – and potentially shave years off the life of your loan.

For example, if you have a $500,000 home loan with no offset account, you will be charged interest on 100% of your loan balance. But if you have $60,000 in an offset account, you would only be charged interest on $440,000 ($500,000 - $60,000).

Keep in mind, some offset accounts offer only a capped or partial offset.

Why would you use a broker?

1. Access to lots of different lenders for each circumstance
2. Knowledge of not only the finance process but the real estate market
3. Saves time and effort
4. We can negotiate with lenders on your behalf for a better deal
5. It costs $0 to use a broker