Mortgage Choice - Jason Puxty

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. Phone Jason today on 02 6363 1122.

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 us today
on 02 6363 1122.

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.

Our office will be closed for the Kings Birthday public holiday on: 📅 Monday 10 June

We look forward to assisting you when we’re back to regular trading hours.

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 us today to learn more. Call Jason on 02 6363 1122.

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, give Jason a call on
02 6363 1122

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 on 02 6363 1122 to learn if you’re eligible for an LMI exemption or potential discount.

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 on 02 6363 1122 to discuss your options.

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.

For more than 30 years, Mortgage Choice brokers have been helping Australians finance their homes, investment properties, cars and businesses. Our network of 1,000 brokers have helped over 750,000 customers across Australia with their home loan needs. Since 2021, we’ve been owned by REA Group, Australia’s lending digital property business.

With access to thousands of loan products from more than 35 lenders, we can help you find a loan that’s right for you. Give us a call on 02 6363 1122.

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, contact us on 02 63631122.

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

Contact us to find out more about securing a home loan that’s right for you.

Give Jason a call on 02 6363 1122.

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 us today to learn more.

If you're looking to delve into property investing, follow these tips:

Set goals: Are you looking for an immediate rental yield, long-term capital growth, or a combination of both? This may determine the kind of property you buy and the location.

Set a budget: Speak to us to determine your borrowing capacity and your desired purchase price.

Plan for extra costs: Owning an investment property typically comes with ongoing costs such as repairs, council rates and land tax.

Determine your ideal tenants: If you’re looking to purchase a property that appeals to young professionals, for example, consider purchasing an apartment or unit in the inner-city suburbs. If you’re looking to target young families, consider purchasing a home or townhouse in suburban areas near schools.

If you’d like to know more, get in touch with us today on 02 6363 1122.

When choosing your home loan, there are two main repayment options to consider; principal and interest or interest only.

Principal and Interest repayments (P&I) ➡ You repay a portion of the total amount owed plus interest each month.

Interest-only repayments ➡ As the name suggests, only the interest charged against the principal is repaid during a specific period of the loan.

So repayments are lower than with a P&I loan. However, at the end of the interest-only period, you must make principal and interest repayments for the rest of the loan term.

Talk to Jason to learn more on 02 6363 1122.

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.
Give us a call on 02 63631122.
Find out more and view full terms & conditions here - (REPLACE WITH YOUR UNIQUE URL) www.mortgagechoice.com.au/win-25k/

Keen to pay off your home loan faster? Here are 4 tips that could help:

1️⃣ Increase your repayments to fortnightly instead of monthly.
2️⃣ Make extra repayments, either regularly or ad hoc.
3️⃣ Use an offset account to help minimise the interest you pay.
4️⃣ Renegotiate your current mortgage rate.

For more advice on your home loan, give Jason a call on 02 6363 1122.

Don’t wait for a pot of gold to make your property dreams a reality!

Give Jason a call on 02 6363 1122.

Curious about the most expensive or affordable locations in your neighbourhood?

Click this article to find out:
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Buy for $365,000 less: The cheapest and priciest pockets in every suburb revealed - Mortgage Choice Analysis of the price differences within suburbs shows that a typical home buyer could save about $365,000 by searching in the most affordable parts of the suburb.

It is with great sadness that this morning, the death of a miner in the Ballarat Gold Mine, and a second miner being in a serious condition.

With many family, friends and clients working in the mines, it is particularly close to home.

The teams thoughts go out to families, friends and collegues who have been impacted, and also to the bravery of mine workers, rescue officers and emergency services officers who risked their lives to assist others.

When your fixed rate is nearing its end, you have a few options:
1. Re-fix
2. Switch to a variable rate
3. Refinance with a new lender.

Each option comes with it’s own benefits and risks.

We can guide you every step of the way and find the best option for you. Chat to Jason and the team today on 02 6363 1122.

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. Reach out to us today to understand which one suits your circumstances. Call us on 02 63631122.

Curious to know what the fastest selling suburbs are in each capital city?

Check out the article below.

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The fastest selling suburbs in each capital city - realestate.com.au Demand for properties is high and in some suburbs homes are getting snapped up in under a fortnight.The number of days a property has been on market has been trending down in our five largest capitals over the past six months.In capital cities, homes are selling fastest in Brisbane at just 36 days,....

Buying off the plan is when you enter a contract to purchase a property before the property title is created and before construction is complete – sometimes even before it has started.

Vacant land, house and land packages and strata properties can all be purchased ‘off the plan’.

We can help you understand the ins and outs when buying property off the plan. Talk to Jason today on 02 63631122.

Give your home loan some love this Valentine’s Day!

Book an appointment with us to review your loan.