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According to the Australian Bureau of Statistics, in the last quarter of 2020, the total value of new home loan approvals grew by 5.6%. High rents, first home buyer grants and other driving factors are prompting people to buy their dream home sooner.
The impact of a pandemic has led to changes in personal circumstances for many. At the same time, the housing market and mortgage rates received a dynamic shift in terms of supply & demand. Hence, it is essential to think about how a new situation might influence your home loan.
The most concerning question for many is how to pay-off their home loan more quickly and easily.
According to Rick Nieuwenhoven, CEO of Nieuvision / Loan Guides,
“One way to pay off your home loan faster is refinancing. You would be surprised by how many people I deal with who get comfortable with the one thing we don’t want to change. But we must look at it frequently. And I would suggest an annual review. And it doesn’t mean we take action every year, but we look at it and see what difference it’s going to make.”
This should be the first step, which is quick, easy and comes at no cost to you with Loan Guide’s property & lending advisors.
It may be possible that your home loan checks all the boxes in terms of competitive rate and features. It can also help you to save money with a lower interest rate either by switching the lender or loan.
Get a better rate: With refinancing, you can access a better rate, pay off your home loan sooner and save money. Now, with the money you save, you could consider making additional mortgage repayments to save on interest over the life of the home loan, saving you even more in the long run.
Get better equity access: If you have had your home loan for many years, you may have equity accessible to invest in a new property or renovate your existing property.
Debt Consolidation: If you are paying multiple debts such as credit card, personal loan or car loan. You can simplify your repayments and finance by consolidating them into your mortgage.
As your mortgage specialist, I will provide you personalised guidance and support every step of the way including:
Let’s connect soon for your free home loan check up.
Just call me directly on 0435 856 649 for a quick chat.
Steve Barker
Loan Consultant
Ph: (08) 8263 4009
Mob: 0435 856 649
Jammaya purchased an investment property in Queensland. She’s taking advantage of our HiLo investor loan product which enables clients to get a 0.75% interest rate on their owner occupier home loan! Many clients are saving thousands per year with this amazing investor-only deal!
Leoni completed a purchase agreement for her first rental property. She secured a fantastic interest rate and her new property is optimised for maximum tax deductions.
“I was offered the rate, checked it with my bank, went into another branch and no one could match it!”
Jammaya purchased an investment property in Queensland. She’s taking advantage of our HiLo investor loan product which enables clients to get a 0.75% interest rate on their owner occupier home loan! Many clients are saving thousands per year with this amazing investor-only deal!
Leoni completed a purchase agreement for her first rental property. She secured a fantastic interest rate and her new property is optimised for maximum tax deductions.
“I was offered the rate, checked it with my bank, went into another branch and no one could match it!”
Jammaya purchased an investment property in Queensland. She’s taking advantage of our HiLo investor loan product which enables clients to get a 0.75% interest rate on their owner occupier home loan! Many clients are saving thousands per year with this amazing investor-only deal!
Leoni completed a purchase agreement for her first rental property. She secured a fantastic interest rate and her new property is optimised for maximum tax deductions.
“I was offered the rate, checked it with my bank, went into another branch and no one could match it!”
