|
Re: Home Loan Recommendations?
[QUOTE=spottydog;7081648]
Originally Posted by sj oldfield
(Post 7078806)
That is certainly what a friend was told when deciding who to get her first mortgage with a couple of weeks ago. If it was, they wouldn't be able to have any new customers. Another possible explanation is that the broker didnt wish to offer BankWest. |
Home Loan Advice for first home buyers
Originally Posted by spottydog
(Post 7078303)
If you really don't know what you want it probably is best to speak to an independent mortgage adviser as they will be able to help around fixed rates, discount rates or line of credit along with fully featured or basic types. They should also be able to find the best deal for you and generally at no cost to you as they get money from the mortgage companies for arranging you business.
As a minimum all the majors offer a 0.7% discount on their standard mortgage rate so I would certainly look at paying no more than that as an interest rate. On the rates issue, basic home loans with no ongoing fees are also very competitive now. Many bank lenders are waiving set up fees on their BASIC LOW RATE home loan products. Basic low rate home loans are a very good alternative to PROFESSIONAL PACKAGE home loan products which have $24 per month or upto $395 annual fees to have a similar rate. |
Re: Home Loan Recommendations?
Of course - be careful who you choose to help you source a good home loan.
In relation to the last post, Loans4homes are fully accredited with the MFAA and COSL and Australian Loans Company whose panel of lender we have access to. All certificates and accreditations are avaliable to view. We aim to meet face to face with 90% of our clients, for obvious reasons this is not always ossible but we have procedures in place to make sure we are fully compliant with best mortgage brokering practices. Just thought it best to clear up any confusion Tambo |
Re: Home Loan Recommendations?
Hiya if any one is looking for financial advice please give Rebeka a call from mortgage force, i can honestly say from the feedback I have had from the many English people she has helped she is worth her weight in Gold
Let her know that Sarah @ Gold Coast Relocations recommended her to you and please let me know how you go a bit about her below. From my experience in helping many new Aussies from the UK in finding finance, you are most likely familiar with how a mortgage broker fits into your property purchase. I have around 35 Australian lenders on my panel and state of the art software that can compare what each lender is offering, and which lender will be the cheaper option for you long term. This software is updated every hour to ensure all the latest products, interest rates and specials are available to us. Hope this helps Sarah x |
Re: Home Loan Recommendations?
Originally Posted by The Johnstons
(Post 7078882)
We used Home Loan Connexions in QLD to sort out all our mortgage details. Tracy & Roz there were fantastic, I couldn't recommend them highly enough. We heard about them through a recommendation on this forum. We are in Perth so location doesn't matter and they had a real challenge with our visa status changing, having no deposit etc. but they were on the ball with everything. Nothing was too much trouble. They got us a fantastic deal and the service was second to none.
Why not give them a call, it won't cost you anything. Contact details are: Tracy Kearey 07 3821 5014, email [email protected]. :thumbsup::thumbsup: Best of luck with buying your own place. TJ Put it one way as long as I have a mortgage she'll have my business! |
Re: Home Loan Recommendations?
Originally Posted by Tambo
(Post 7188943)
Of course - be careful who you choose to help you source a good home loan.
In relation to the last post, Loans4homes are fully accredited with the MFAA and COSL and Australian Loans Company whose panel of lender we have access to. All certificates and accreditations are avaliable to view. We aim to meet face to face with 90% of our clients, for obvious reasons this is not always ossible but we have procedures in place to make sure we are fully compliant with best mortgage brokering practices. Just thought it best to clear up any confusion Tambo To any other people in this thread offering services, please be reminded the OP was asking for recommendations from other members, it doesn't mean you use this thread as an excuse to tout your wares. Many Thanks |
Re: Home Loan Recommendations?
Mortgage choice did ours - we were really happy with colin fairchild in brisbane. I didnt think we woudl get ours as our employment is interesting but it all came together and he was really supportive
Vivienne |
Home Loan Recommendations
Originally Posted by spottydog
(Post 7078303)
As a minimum all the majors offer a 0.7% discount on their standard mortgage rate so I would certainly look at paying no more than that as an interest rate.
You need to have a mortgage of over $750,000 to earn a discount of 0.7% with one of the majors. |
Re: Home Loan Recommendations
Originally Posted by thlo
(Post 7777688)
This is no longer true.
You need to have a mortgage of over $750,000 to earn a discount of 0.7% with one of the majors. http://www.westpac.com.au/internet/p...Interest+Rates If you look at the variable rate at the top it has a tiny 1 next to it. Then look at the bottom and it says this: 1. 0.70% p.a. discount is available for variable rate loan amounts of $250,000 and above (for Low Doc loan, the discount is 0.6% p.a. for variable rate loan amounts between $250,000 and $499,999). For variable rate loan amounts between $150,000 and $249,999, the applicable discount is 0.4% p.a. The discount is not applicable to Flexi First Option Home Loan and Flexi First Option Investment Loan. So, it looks like you can still get it with Westpac if you take out a variable rate. Not sure about the others though because I don't have time to check them all. |
Re: Home Loan Recommendations?
Originally Posted by Disco01
(Post 7074832)
Hi Guys,
Looking at perhaps jumping on the Australian property ladder in the next few months or so. Just wondering if anybody had any recommendations concerning obtaining a home loan?? I have spoken with a couple of finance companies both have agreed in principle to finance but with everything thats going on in the economy at the moment I'm a bit weary about jumping in with perhaps the wrong loan company/bank? Any advice greatly received :) Westpac all the way, their rates are very competitive. Don't use a broker just go straight to the bank. I been using them for 18 months for my mortgage and apart from high initiation and exit fees, which they all rip us off for, they are very good. |
Re: Home Loan Recommendations?
Originally Posted by Brisben
(Post 7778643)
Westpac all the way, their rates are very competitive. Don't use a broker just go straight to the bank.
Macquarie on the other hand never once tried to get me to stay with them! |
Re: Home Loan Recommendations
Originally Posted by thlo
(Post 7777688)
This is no longer true.
You need to have a mortgage of over $750,000 to earn a discount of 0.7% with one of the majors. |
Sydney Home Loan Advice
CBA changed their rules. The others have so far stayed the same.
|
| All times are GMT. The time now is 4:12 pm. |
Powered by vBulletin: ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.