Mortgage Choice - Peter Ruddock

The end of financial year is fast approaching, so now could be the perfect time to start planning your new financial year to-do list.

If reviewing your home loan is on your list, we can help. We can compare thousands of home loan products from more than 35 lenders, to find the right loan to suit your needs. Contact Peter today at 0411 220 083

Life is full of uncertainties. When your financial circumstances change, you might need to adjust your debt repayment arrangements.

Some lenders will require you to have made extra repayments on your loan to be eligible for a repayment holiday, while others may grant it without that additional buffer.

If you want to know more about repayment holidays, talk to Peter today at 0411 220 083

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 Peter today at 0411 220 083

If you’re a business owner considering your finance options for a commercial vehicle, we can help.

With access to a range of loan options across more than 25 lenders, we can find a loan that suits your business structure, cash-flow requirements and tax considerations.

Talk to Peter today to learn more at 0411 220 083

If you’re paying off your home loan in monthly repayments, there could be an opportunity for you to save both money and time on your loan if you switch to fortnightly repayments.

By making 26 fortnightly repayments instead of 12 monthly repayments, you’re essentially making one additional monthly payment off your loan each year. As a result, you could be shortening the life of your loan and lowering the total amount you need to pay.

If you’d like to know more about your loan repayments, reach to Peter today at 0411 220 083

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 Peter today to learn if you’re eligible for an LMI exemption or potential discount. Contact him at 0411 220 083

If you’re a business owner, a common way to drive growth is by boosting operations with new and enhanced equipment.

If the cost of new equipment seems daunting, and renting or leasing items is more suited to your business needs, we can help you with equipment finance.

Talk to us today to learn more. Contact Peter at 0411 220 083

Ask us for a free PropTrack report today, if you’re interested in....

◾ up-to-date information about your property
◾ a valuation estimate
◾ historical listing data that shows how the property’s value has changed over time
◾ information on what influences property valuation, including comparable sales, listings in the area and nearby schools.

To all the extraordinary mothers, carers and guardians out there this Mother’s Day, we wish you a day filled with love, laughter and relaxation 💐

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We are so grateful to receive another 5 star review. Thank you so much for taking the time to give us your feedback!

Thank you for your feedback Jessica. We are striving to be the best Mortgage Brokers in the Yarra Ranges so we are so happy to hear you loved our service.
I hope you and Jordan enjoy moving into your first home!

Friday 10 May is Do It For Dolly Day, where we’ll be going blue and raising funds to end bullying. Join us in sharing Dolly’s Dream of spreading kindness and uniting to break the silence around bullying.

If you’re interested in making a donation, visit the Dolly’s Dream:
https://bit.ly/4bgjTek

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5 star reviews are what we strive for.

Thanks Jourdan. We enjoy what we do and hope that shows as we help our customers get what they want. In your case, it’s the very exciting time of buying your first home.

Ever wondered what kind of homes generate hundreds of thousands of views online? Take a look at the most popular listings from the past 12 months.

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Epic dream homes and budget buys top list of Australia's most popular properties - Mortgage Choice The cost-of-living crisis hasn’t stopped Australians from dreaming about living in the most luxurious and expensive homes on the market, but high interest rates have pushed more property seekers towards unique and affordable properties offering unreal value.

The Reserve Bank of Australia has just announced that the cash rate will remain unchanged at 4.35%.

At Mortgage Choice, we continually monitor lenders for interest rate changes outside of the official rate to assist in finding you a more suitable home loan.

Remember, at Mortgage Choice you’re never a loan! Get in touch with us today to discuss your options. 0411 220 083

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Thank you for sharing how we are doing! Customer reviews are very important to us.

Thanks, it is always our pleasure. You've got your beautiful new home now so we're not in a hurry but we'll be here when the third time comes around!

‘The secret's out': Suburbs where prices have more than doubled in four years - Mortgage Choice The past four years in the property market have been incredibly volatile, with prices surging, before falling sharply then rising rapidly once again.

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We love to hear how the team are doing!

Thanks Marita, we've enjoyed working with you with the aim of getting your finances a bit more organised.

Curious to see if your suburb is in the list? Click below to find out.

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Australia's most-loved suburbs revealed - Mortgage Choice Property seekers are swooning over the Sunshine State's beachside lifestyle, with six of the top ten most loved suburbs in Australia located on the Gold Coast.

This ANZAC Day, we remember and thank all those who have sacrificed so much for our freedom and country.

We will remember them.

As part of determining how much you can borrow, a lender will evaluate your liabilities along with a range of other factors.

Contact Peter to find out more about securing a home loan that’s right for you at 0411 220 083

Home equity is the difference between your property’s market value and the balance of your mortgage. For example, if your home is worth $900,000 and there is $500,000 remaining on your mortgage, you have home equity of $400,000.

However, if you want to use this equity – e.g. to buy an investment property or renovate – you will usually only be able to access 80% of your property’s value, less your outstanding loan amount. This is known as your ‘accessible equity’. So in this example, the accessible equity would be $220,000.

Talk to Peter today to learn more. Contact him at 0411 220 083

Refinancing is the process of switching your existing loan for a new one – either with your current lender or a different one.

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 at 0411 220 083

Wouldn't it be great to have a plan to pay your mortgage off early, without having to rely on just making extra payments each month? What if you could buy additional property and use it to pay your home mortgage off sooner?
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As a solutions provider, it’s important I surround myself with the best in the industry. Blue Wealth Property, one of our property research partner, are Australia’s leading client-facing property research specialist. They've educated thousands of clients and I’m proud that my clients are at the forefront of their education, research and opportunities.
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Blue Wealth Property are hosting an education event on How to Pay Your Mortgage Off with an Investment Property. Join them live and online on Wednesday, 1 May at 7.00pm to find out how.

Understanding how much you can borrow is an important step in your home buying journey.

To make sure you're maximising your borrowing capacity, here are five things to consider.

If you’d like more guidance on your home buying journey, talk to Peter today.
Contact him at 0411 220 083

Did you know that more than 70% of Australians use a mortgage broker for their home loan needs?

There are so many benefits in using an expert mortgage broker – chat with Peter to find out more. Contact him at 0411 220 083

Don't miss out! Apply for a home loan before 5 April 2024 to go into the draw to win one of two $25,000 prizes.

Find out more and view full terms & conditions here - (REPLACE WITH YOUR UNIQUE URL) www.mortgagechoice.com.au/win-25k/

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Peter, Lynne and their team have continued to make our refinance as easy as possible. They are always available to answer questions and are very responsive to emails. They helped us find a much better loan than we were on.

Thanks Matilda. It's been our pleasure to help you find a new loan that suits your needs.

You’ve done your research on how much you can afford to borrow and what you want to buy, but now you want to know how long it could take to become mortgage-free.

Get an idea of how long it might take you to pay off your home loan with our mortgage repayments calculator:

🔗 https://www.mortgagechoice.com.au/home-loan-calculators/how-long-to-repay/

Talk to Peter today for more information at 0411 220 083