Selling your Home?
You may wonder how a home loans company like ours can help you sell your home - the answer is by giving you more flexibility with time and perhaps money.
Most people selling a home are also buying or building another home - and that's where we come in. We can help you get a loan for your next home before you've sold the first one (some conditions may apply - ask your Consultant for details).
This means that if you've found the right property to buy, or you want to start building, you can do it straight away. Then, you have the time to go through a proper sale process and ensure you get the best price for your existing home. Sounds good doesn't it? It can be, but like many things in life, it can also have risks.
This is where the knowledge and experience of your Origin Finance Consultant can be invaluable. They'll explain all your options and the advantages and risks associated with each. Then they'll ensure you get the full benefits from the loan of your choice.
Improving your Home?
Home improvements have once again increased in popularity as people figure out that improving their existing home may be a far more economical option to selling the old one and buying another one.
After all, if you decide to sell your home, you have high agent’s fees eating into your profits and buying a new one means more stamp duty, moving costs and the hassle of shifting to a new home.
The associated expenses of selling and buying means you may have lost any of the benefits you gained from moving in the first place.
This is where home improvements can be a better option.
Why Bother With Home Improvements?
Many families simply out-grow smaller homes. They might need more bedrooms, bigger living areas, another bathroom, a pool, a pergola or a more modern kitchen. It sounds easier to just think about buying a different house.
What many people forget is that the cost of renovating your existing house can often be a lot cheaper than they think. In many cases it is possible to improve the value of your home by a far greater amount of money than it just cost you to renovate, so instead of losing money by selling and buying, you’ve created more equity by renovating.
Affording Your Home Improvements
Renovating your home can be an excellent way to increase its overall value and give your home a new, fresh look. Of course, not everyone has the amount of money available for a major renovation.
Banks are willing to assist people wanting to complete home improvements. Your own financing options will be based on your personal financial situation and the amount of equity you already have in your home. Some banks may even be willing to consider the amount of equity you’re likely to create as a result of your renovation.
Applying for Home Improvement Loans
While it’s possible to just walk up to your nearest bank branch and ask them for more money, it’s important to remember that not all banks view renovations the same way.
For example, some banks may view really major home improvements to be a form of construction loan, while other banks may simply extend a line of credit to you based on your existing equity. How do you know which is the right loan option to complete your renovations properly?
Working through your options and understanding the complexities behind home improvement loans with a professional mortgage broker who is already trained to know exactly how to structure your proposal is to your advantage.
If you’re considering renovating or home improvements, call an Origin Finance Mortgage Broker today to discuss what options could potentially be saving you time and money.
Refinancing your Loan?
It's not uncommon for people to be paying more interest than they need be for their home or investment property loan. A refinance mortgage home loan is invariably the best option to get out of this costly situation and, naturally, you want to borrow on the lowest interest rate possible while still benefiting from a quality loan that meets all your needs.
It may be that your circumstances or joint or single income has changed or that the ever-changing financial market and interest rates has made it possible to get a much better deal than when you took out your existing home or investment property loan.
Some home owners, faced with mounting debt from a number of sources, including credit card debt, can benefit from home equity loan refinance credit to consolidate their debts into a single monthly payment and potentially save hundreds a month by restructuring and combining the repayments.
Other reasons why you might consider home loan mortgage refinance also include if you intend to buy an investment property, so if you believe home mortgage refinance could be the answer to your current situation and future needs, it's worth checking with us to see what options may be available.
As you start investigating and comparing home loan refinance you will need to remember there may be costs involved in paying out your existing mortgage loan and establishing a new one, and to take this aspect into account.
We have access to hundreds of loans from 30 banks and lending institutions, and will be able to offer you a choice of mortgage refinancing options to ensure your loan refinance brings you maximum financial benefits. Discover more about your mortgage refinancing options and how we can help you by clicking on the links below.
Whatever your situation, whatever your refinancing needs, Choice Home Loans can help you work out the best refinance mortgage loan through drawing on our long experience and knowledge.
Comparing Home Loans?
If you’re like most people and you’re searching for the best mortgage to suit your needs, then the most obvious place to begin is to seek out the cheapest possible interest rates.
Unfortunately the cheapest interest rate isn’t always the cheapest overall option for everyone. The only way to really determine what features, costs and benefits your mortgage can offer is to do a mortgage comparison.
What Does a Mortgage Comparison Do?
A mortgage comparison allows you to compare different interest rates available from multiple lenders so you can see at a glance exactly what you’ll be charged.
The best part about a mortgage comparison is that you can also determine any other fees and charges that might be associated with the total cost of your mortgage. These are the forgotten fees, like application fees or monthly account keeping fees or even early repayment fees that some lenders charge.
A mortgage comparison can also eliminate any banks or lenders from your search that won’t offer you the type of loan you want to achieve your purposes.
A good example of this is that not all mortgage types allow construction home loans. If you’re building a new house, then choosing a mortgage that doesn’t allow construction won’t be very helpful to you.
Why Do I Need a Mortgage Comparison?
When you’re searching for the right mortgage for you, it’s important to compare more than just the interest rates and fees that might be charged. You should also be comparing the range of benefits and flexibility options that might be available on a loan.
For example: if you plan to use a redraw facility at a later point and you opt for a mortgage that doesn’t have a redraw option attached, then a mortgage comparison would have pointed out this feature before you signed your documents.
When you enter the parameters of your mortgage comparison you have the option of including features such as early repayments without penalty, the option to switch your loan to a different loan product within the lender’s range or even just the ability to use your loan for construction purposes.
By entering your criteria for the type of mortgage you want and the future uses you want it to achieve for you, you’re then able to choose the right mortgage for your personal financial needs.
How Do I Get a Mortgage Comparison?
While there are plenty of basic online mortgage comparison websites available, these only offer the basic options. To get a more detailed mortgage comparison that is tailored to suit your own specific needs, then contact one of Origin Finance's professional mortgage brokers to arrange your free, no-obligation mortgage comparison consultation today.
Buying an Investment Property?
Home loans for investment properties are vitally important financial tools that have the power to either help or hinder your investment growth.
Most investors spend a lot of time and effort finding the right property to add to an investment portfolio. They research the profitability and they know how much rental income they’ll receive. They understand the concept of capital growth and they know they need to speak to an accountant about the best possible depreciation schedules they can find.
So why don’t investors go to the same amount of effort and depth when researching the right investment loan?
Finding the Best Investment Loan
Choosing the right investment loan is not always about getting the lowest interest rate. The best loan for your investment property is the one that works best for your total investment strategy.
This means that a loan with a really cheap interest rate could be absolutely pointless to an investor wanting to buy and then re-sell quickly if that same loan comes with a huge application fee and an even bigger penalty fee for leaving the loan. The overall profit would be severely reduced by the massive cost of fees.
This could also mean that an investor who simply wants to buy a rental property and keep it for years and years just for the rental income with no thoughts of selling the house could be missing out on much cheaper interest rates available or alternative loan options than the ones their bank offered over the counter.
These examples are just a few ways that investors could be losing money by not making the effort to find the right investment home loan to suit your individual investment strategy.
Choosing the Right Investment Loan Structure
Many first time investors assume they will need a deposit to purchase an investment property. The fact is, many banks may allow you to use the equity in your own home to secure the entire cost of purchasing your investment property.
The type of home loan you choose can also be an important consideration for your overall investment strategy. Different types of home loans have vastly different levels of flexibility. The amount of flexibility you need will depend on your ultimate investment goals. You should understand the difference between an investment loan that is designed to help you reduce debt more rapidly and an investment loan that can actually help you to purchase more investment properties in future.
Working with a professional Origin Finance Loans consultant means you’ll be able to specify what your own goals and strategies are. You’ll know your consultant with work with you to find the best possible investment home loan options to suit your needs.
Buying a First Home?
Buying your first home is exciting and a little scary at the same time. Not only are you faced with the challenge of finding the right property to become your first home, but you also need to know you're getting the right first home loan.
When Should I Buy My First Home?
First home buyers often want to know when the best time to buy is going to be. The answer is simple when you have a professional home loans lender. There is no right or wrong time to buy your first home - only the time that suits you and your circumstances.
Many would-be investors will try to time the market and buy at the bottom of the real estate cycle, looking for a bargain, but the truth is it makes no difference when you buy. The right time is when you feel you're ready to go out and buy your own home.
How Much Can I Borrow?
Before you go hunting for your new home, you should have a clear idea of exactly how much the banks will allow you to borrow. Once you understand how much borrowing power you have, learn how much the repayments will be and work out if this amount is affordable for your income level.
Knowing your borrowing capacity and your repayments ahead of time means you won't be tempted to overspend or go hunting for houses that are outside your budget. Contact, our home loan brokers they may be able to help you achieve your goals.
Which First Home Loan is Best?
The Australian mortgage market can be a confusing maze of options, home loan interest rates and bank jargon that can be difficult for a first home buyer to navigate successfully, but you don't have to get through it on your own.
When it comes to finding the 'best' first mortgage for you, it's important to remember that no two people have identical financial situations. Nobody else but you has your income, your expenses or your goals. This means that aiming at a mortgage that worked really well for a friend or family member of yours may be a terrible option for your own first home loan.
Always keep in mind that you should aim at finding a mortgage package that works best for your unique personal situation.
Will I Get a First Home Buyer's Grant?
The First Home Owner's Grant is a great incentive offered by the Australia Federal Government to help you buy your first home. Both the Australian Federal Government and individual State Governments have allocated First Home Owner's Grant payments for people wanting to buy their first home.
As long as you meet the predetermined criteria set for eligibility, then you should receive your First Home Owner Grant.
Do I Need a Deposit to Buy My First Home?
Most Australian banks have scaled back the availability of no deposit home loans and 100% home loans. In certain circumstances, it is possible to buy your first home without needing a substantial deposit and some banks even allow you to put the funds from your First Home Owner Grant toward paying fees and charges associated with your home purchase.
The best way to check if you're able to begin searching for your first home is to contact a professional mortgage broker. You'll be helped to understand your full borrowing capacity, you'll know how much your repayments will be and, best of all, an Origin Finance mortgage broker will make sure you're applying for the best possible first home loan to suit your needs and your goals.
Buying a Second Property?
When you've been through the process of buying a home (or two or three...) before, it's not as scary - but can still be stressful. Since you last purchased a home your situations may have changed and you may now be a more astute property purchaser.
Your current property may have appreciated in value, thus decreasing the percentage of the valuation of the property that you need to borrow.
You have become an attractive client to a mortgage broker, you'll have a stable track record of making regular repayments, you are no longer a high risk borrower. These factors will help you to finding a much better deal.
This is where the knowledge and experience of your Origin Finance Consultant can be invaluable. They'll help you decide which loan is the best for your situation, making sure you receive all the benefits of the loan of your choice.
Buying a Farm?
Have you been dreaming of waking up in crisp clear country air?
Whatever your idea of a getaway property is, we can help you make it happen. But, while finding the right place to buy might be simple, choosing the right loan may not be as easy.
When it comes to financing your getaway farm there are a range of options available. The option most appropriate for you depends on your individual circumstances based on factors such as how much equity you have in your current home, current loans, your overall financial position and your timeframe.
Working through all the options and taking everything into account can be reasonably complex, but very rewarding.
This is where the knowledge and experience of your Origin Finance Broker can be invaluable. They'll look at your total situation and work with you to explain all your options and the advantages and risks associated with each. Then they'll ensure you get the full benefits from the loan of your choice.
Buying a Holiday House?
Have you been dreaming of getting away at weekends to a place by the beach?
Whatever your idea of a getaway property is, we can help you make it happen. But, while finding the right place to buy might be simple, choosing the right loan may not be as easy.
When it comes to financing your holiday house there are a range of options available from our mortgage brokers. Which one is the most appropriate for you depends on your individual circumstances and factors such as how much equity you have in your current home, any current loans, your overall financial situation and your timeframe.
Working through all the options and taking everything into account can be reasonably complex, but very rewarding.
This is where the knowledge and experience of your Origin Finance Consultant can be invaluable. They'll look at your total situation and work with you to explain all your options and the advantages and risks associated with each. Then they'll ensure you get the full benefits from the loan of your choice.