6 questions to ask your home mortgage broker
Did you know that your home mortgage broker can assist you with a lot more than a home loan? Home mortgage brokers are qualified as ‘credit consultants’, so we can be of great advantage to you in a variety of various ways when it comes to your finances. To begin you considering increasing your monetary objectives this year, here’s 6 questions you may like to ask us in 2019!
1. How can I clear my debts much faster?
According to the Australian Bureau of Data, about 29% of Australian families are classified as ‘over-indebted’. The most typical type of debt is credit card debt, which is presently a genuine bother to about 55% people!
If you wish to clear your debts quicker, particularly charge card debts, the trick is finding ways to save money on interest, so your money goes towards paying down your debt instead of maintaining it. This might mean rolling all your debts into one loan with a lower rate of interest. We might help you do this with a personal loan, or perhaps by refinancing your home loan to settle your debts. Call us if you wish to talk turkey on financial obligation consolidation!
2. What’s the very best way to save for my child’s education?
Imagining your kid becoming a Nobel Prize winner one day? Then a great education is key. Spending for something like a 4 year university degree twenty years from now is not a lot a question of saving your extra cents, however putting your cash to work for you so it produces money for the future. Ideas? Use your house as a money tree, put any extra money you’ve entered your mortgage now, then access the equity to invest as quickly as you can. Or if you currently have a lot of equity, talk with us about refinancing now to get a deposit for an investment property or some other type of financial investment.
3. How can I take a year off work to travel when I’ve got a mortgage?
Ah-ha! A difficult one, however talk with us since there are a number of things we might do to assist, depending upon your individual financial situation and how much equity you have in your home. For instance, we might crunch the numbers for you to see if renting your property would cover your payments while you’re away. Or to make that method work for you, potentially negotiate with your loan provider so you could switch to interest-only for a while to decrease the size of your loan repayments. We may even have the ability to re-finance your loan to help you cover some of your travel expenses, and at the exact same time, extend your loan duration to reduce your payments so an occupant might cover them.
4. My vehicle loan repayments are a killer! What can I do about it?
Refinancing your vehicle loan is not out of the question. If you got your vehicle loan from an automobile dealership, possibilities are you’re paying a whopping rate of interest, we recently heard of a customer who was paying as much as 14.5% pa. If this is the case for you, we might possibly find you a loan with a lower rates of interest, or extend your loan terms to reduce your payments. It may even be possible to roll your auto loan into your mortgage. Speak to us and we’ll see what options are available for you, or if you want to acquire a vehicle this year, we are here to assist set you up for success.
5. I have actually always wanted a jet-ski. Is it possible to get a loan for that?
Yes! Even though we generally specialise in mortgage, we can also access terrific loan choices for other large purchases. We call these ‘lifestyle properties’which covers everything from jet-skis and boats, to other items you may need like cars, caravans, campervans and even horse trailers! Give us a call you’ll be surprised how quickly we can get it arranged.
6. I work for myself. Would I still be able to get a loan?
If you are self-employed, there is no reason that you can’t get a home loan if you have a constant income. We can also help you with financing for business vehicles, equipment you may need for your business, or insurance coverage to cover your service and personal needs. Why not speak with us now? Properly forward for you depends on your present individual monetary situation and future goals.