A letter from David Ham, the founder and Managing Director of the Mortgage Australia Group. Thank you for considering Mortgage Australia, I know you have a lot of choices when it comes to getting your next home loan. I believe that the question you are now faced with is: “Who… Read more
3 Things You Should Never Think About Your Mortgage
Three Things You Should Never Think About Your Mortgage.. That You’re Probably Thinking Right Now 1. “I know I am paying extra but… I know my bank manager/mortgage broker and we have a good relationship, so I don’t want to upset them by using someone else.” Ok, but are you… Read more
How to Get a Cheaper Loan From Your Current Bank or Lender
Even if you are certain you want to get a loan from your current financial institution, seeing a Mortgage Australia broker is still your best bet because they will ensure you see the cheapest loans and special discounts that your current lender offers. It’s very likely our broker will be… Read more
Mistakes to avoid when choosing a builder
There are a few common mistakes that people make when they are looking for a builder — so watch out for these: Getting Indicative Quotes As I’ve raised already, regardless of how detailed the plans might look, there will be a lot of things that aren’t included in the final… Read more
Everybody knows that the first step to financial freedom is paying off their mortgage.
Everybody knows that the first step to financial freedom is paying off their mortgage. The sooner you do that, the sooner you can start building wealth and improving your lifestyle with all that money that was going to paying off your home. Most people look forward to the day when… Read more
Offset accounts – maximising the benefit with credit cards
The key to maximising an Offset Account is to maintain as high a savings balance as possible. The first step as I’ve said is to have all your income paid directly into your Offset Account. Then, it’s a matter of keeping as much of your money in the account for… Read more
Getting familiar with real estate jargon
When it’s your first time buying or selling real estate, figuring out what all insider language means can be confusing and leave you feeling on the outside. Here’s a starting point to understanding real estate jargon: Authority to sell The official contract detailing an agent’s fees, any advertising costs and… Read more
Case Study: using an offset account
If you owe $300,000 and you have an average balance of $10,000 in your Offset Account, your lender only charges you interest on the difference, $290,000. At a 7% interest rate, that would save you $700 per year. This can have a significant impact on your loan in the long… Read more