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Q: We have been researching websites like RateCity and Finder where they saw home loan rates can be as low as 3.44%. Our rate is 3.99% and we contacted our broker and they said because we have only had the loan for a year we shouldn’t refinance. They said we could refinance but it would cost them money if we did and we would have to pay the fees on their behalf. Is this normal for brokers?
A: Hi Aleisha,
To answer your questing in a couple of parts.
Is it normal to have fees - yes this is normal all banks charge a recoup fee for commissions paid out to a broker when your loan was established.
Is it normal for a broker to stop you refinancing - there may be some brokers out there who’d prefer you don’t do that they don’t loose some
of their original commission.
However in my opinion and how we run our business we will always do what is in the best interest of the customer regardless of how that impacts is financially.
If you would like to ask any further questions or have someone look into options for you fee free to give me a call.
Kind regards,
Jacqui
0431.156.001
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Q: First home buyers, my income is 92,000 and my wife 85,000 and we have been living the same property for 3 years and never missed paying the rent. We have saved 35,000…. have no debts and pay off our credit card each month. Can we get a loan and roughly how much could we borrow?
A: Hi Peter,
Exciting times ahead for you and your wife.
I am just around the corner from you in Skye, if you would like to meet up or give me a call. I can get some more details from you and run through your options.
I am in the office this afternoon or tomorrow afternoon so am free to come and catch up with you on either day or also either evening.
Cheers,
Jacqui
mobilelender.com.au
0431.156.001
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Q: I work fulltime and my annual salary is $97,000 and we are first home buyers and have $80,000 in savings and looking at a house for $625,000. Married with a one year old. My wife is not working at the moment and we have no debts and currently pay $350pw rent. Could we get a loan of $500,000?
A: Hi Lee,
Looking at everything briefly you should be close to getting the amount you are after.
I can run actual numbers for you but would need a couple more details.
If you would like me to have a look for you please give me a call. I am in the office today and could get back to you by COB.
Thanks,
Jacqui
0431.156.001
mobilelender.com.au
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Q: I own my own home outright worth around $400,000
I also have an investment property worth around 300,00 on which I owe $232,000 and paying 5.6%
I want to refinance to get a better rate but not getting any joy with lenders.
I earn $35,000 p/a and have a rental income of $150.00 p/w
Where should I be looking?
A: Hi Anne,
As Benjamin has mentioned on face value you should be able to refinance the property and secure a better rate than 5.6%.
The next step for you would be to speak with a Broker who can assist you by looking at all of your information. As brokers we have access to a number of lenders and connections which can help in securing a better deal for you.
If you would like to discuss this further, please feel free to get in touch 0431.156.001.
Thanks,
Jacqui
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Q: My husband is 36 and been in the same role for 6 years earning $97,000. I’m 34 and have had same role for 3 years and income is $82,000. We don’t have kids, credit cards or any loans and have received an inheritance of $190,000. We currently pay $800 a week rent. We would like to ask how much we could borrow and what rate could we get, thanks?
A: Hi Sharyn,
Congratulations on looking at your first home purchase.
With both incomes and a deposit of that size you are looking at getting some top rates around the 3.6% mark.
If you would like to have an accurate estimate of loan amount and which lenders you could go with I would need you to send you a privacy and consent form and get a few more details from you.
I am in the office today and could get you some
figures by COB if you’d like to call me on 0431.156.001 I am also located in Vic so happy to come and meet face-to-face.
We offer a no-obligation free service, where we earn a commission from the lender you chose if you go ahead with a loan.
Regards,
Jacqui
mobilelender.com.au
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Q: Eldest daughter is 29 and we want to help her buy a home. She has a good job earning 87,000 and pays 300 rent a week in Sydney. Can we give her 50,000 to buy, get a loan - we don’t want to be on the loan?
A: Hi Pat,
Very exciting that your daughter is looking at her first home purchase. To answer your question you can definitely give her the $50,000, a lender will just need to see that this is a non-refundable gift that you are giving her, so that this can be used as her cash deposit.
If you would like me to look at our panel of 25+ lenders for you to see what is out there that would suit her needs please contact me and I will get a few more details from you and can go ahead with getting you figures on what she will be able to borrow.
I have had a couple of cancellations this week so if you get in touch by tomorrow I should be able to get figures to you by COB Thursday.
Kind regards,
Jacqui Milway
0431.156.001
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Q: We want to buy a property to live $1.4M and have $600k deposit. Problem is we have two defaults on our record, both paid. We used to run our own business but my husband is back working fulltime as an employee and earns $90,000 a year and I work 3 days a week and earn $50,000. We have been told the only loan we can get is through a 2nd tier lender and the rate would be 4.8%. Is there a chance we could get a lower rate, under 4%?
A: Hi Tammy,
I work very closely with a company who can review certain defaults and have them removed from your record in particular situations.
I would be happy to see what I can do to help you.
If you would like to contact me on 0431.156.001 and we can go from there.
Regards,
Jacqui
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Q: Hi,
I want to buy an investment property to help set up my two kids, 17 and 15.
I know they can’t borrow money and the loan will be in my name but what’s the best way to set this up.
Can they be on the title or will it have to be a private agreement and what are the CGT and stamp duty implications should they end up owning the property over the next 10 – 15 years?
A: Hi Gary,
Everything Scott has mentioned would be my thoughts as well.
If you are needing an Accountants details I can recommend a fantastic, reliable guy who could help you out.
If you would like his details let me know.
Kind regards,
Jacqui
0431.156.001
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Q: We have too many loans and want to see if we consolidate a $485,000 home loan, personal loan $7,000 and 3 credit cards $17,000. The rate on our loan is 4.29% with Westpac and the house would be worth around $750,000.
Can we get a lower rate and what would the repayments be? thanks
A: Hi Megan,
As Scott has mentioned I am close to your location and would be happy to meet and discuss your individual needs and see what we can do to help you.
I myself refinanced a year ago and rolled everything into the home loan. With interest rates so low at the moment there are some great deals.
But as everyone has mentioned depending on your individual situation what other needs you may have eg. Offset Account, Redraw facilities etc. this will all dictate what package is best suited for you.
I can be contacted on 0431.156.001 if you would like to organize a time for me to come and meet with you for a No Obligation Meeting.
Good luck,
Jacqui
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Q: Buying a new home … does anyone have a recommendation for a conveyancer?
A: Hi Mary,
Both of the options you have been offered look great.
Do you require any assistance with Finance finding an appropriate lender for your needs?
If so feel free to contact me anytime on 0431.156.001.
Regards,
Jacqui
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Q: We owe $25,000 on credit cards and finding is hard to make the repayments, we are a month behind and we want to see if we can refinance the cards into our home loan. The home loan is ok as we have made it the priority. The loan is $360,000 and the property is about $520-530,00 – is this possible?
A: Hi Frank,
This is definitely possible we did this ourselves a year ago. Paid off two cars, a credit card and a personal loan.
As Scott has mentioned you want to keep it under the 80% so that there is no lenders mortgage insurance to pay.
Scott looks like a great option for you if he can travel out to your location and meet face to face.
Good luck with organizing your refinance.
Jacqui
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Q: Our rate went from interest only to principal and interest 6 months ago and the rate is 4.19%. It seems high, what's the best rate we could get?
A: Hi Katherine,
The answer to your question will depend on a few more questions being answered. Your own personal situation, LVR (loan to value ratio), whether you are now looking at Interest Only Loans now or Principal and Interest on your property are factors which will dictate the best rate you can get.
Some lenders have great deals at the moment some as low as 3.59-3.65%.
I work as a mobile broker with access to a panel of over 25+ lenders, I am happy to come and meet with you to discuss you personal situation in a Free, No Obligation appointment.
If this is something that interests you. You can contact me on 0431.156.001.
Regards,
Jacqui Milway
mobilelender.com.au
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Q: Hello, I earn $120k a year and looking to buy an investment property to get into the property market.
My parents have offered to help but I have some questions as I don’t want to expose them.
If they give me 10% deposit can I borrow 90% or do they have to be on the loan?
Do they have to be on title and do they have to mortgage one of their properties?
A: Hi Sally,
Congratulations on starting your journey into the property market.
As Scott has mentioned they do not need to be on the loan or title.
There are a few more details required to give you the correct answer. I am also located close to you.
Feel free to contact me if you would like to setup a no-obligation appointment to explore what options are available to you. I am a mobile lender so can come to you during the day or evenings 7 days a week.
Cheers,
Jacqui
0431.156.001
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Q: My wife and I are quite risk adverse when it comes to investing. We are about to receive a sizeable inheritance of about $700,000 and want to ask if we should buy an investment property or put the money into super as we’re in our early 50’s and both still working?
A: Hi Rick,
Congratulations on your inheritance and for thinking about your future. I would recommend that it would be a good idea to speak with a financial advisor on which option would be better for your situation.
If after you have had these discussions you are looking to invest I would be more than happy to work with you and work on the best course of action for where you should purchase I work alongside a Property Expert who will be able to help you chose the right area to invest in to get the best return on your investment.
I can help you with any loan amount you may need to borrow to get any extra funds or look at your current situation and see if there is a way to better structure your current loans.
If you would like to discuss any of this further feel free to contact me on 0431.156.001. I am just around the corner from your location so can come to you anytime.
Thanks,
Jacqui
Mortgage Broker
Mobile Lender Keysborough, VIC
**@****
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Q: We are keen to buy in the area we currently live, approx $1.2m. Like to know what’s the maximum you can borrow with and without mortgage insurance, thanks?
A: Hi Angie,
Beautiful area to buy in. The maximum you would be able to borrow will depend on your personal finances.
I am a mobile mortgage broker and am not too far from your location. I would be more than happy to come and see you for a Free no obligation consultation to help you work out what is the maximum you would be able to borrow.
If you would like to arrange a meeting you can contact me on 0431.156.001.
Have a great day.
Jacqui
mobilelenderkeysborough
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Q: Home Loan is 590k and our home is around 900k. I called our lender and they dropped our rate from 4.34% to 4.04% this week. Is that enough, could they do better or should I look to refinance?
A: Hi Ian,
Great job being proactive and looking for a better deal. There are some fantastic rates out there at the moment lower than 4.04% so we should be able organize a better offer for you depending on all of your requirements.
I am happy to discuss how we can find the best solution for you. If you would like to contact me on 0431.156.001 I would be happy to help you out.
Kind regards,
Jacqui
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Q: We have a small loan, 150k on our home probably value about 900k and an investment loan for 460k and value of property 600k. We spoke to a broker about refinancing and they suggested combining the two loans into one loan over our home and leaving the investment property with no debt. Is that a good idea?
A: Hi John,
Everything Scott has mentioned is correct.
It is confusing that it has been suggested to manage the loans in this way.
I would give Scott a call to discuss your specific situation in more detail. Can’t go wrong with more advice from an expert.
Good luck with it all.
Jacqui
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Q: We are about to start looking for a real estate agent to sell our home…. does anyone know a good agent around Elsternwick?
A: Martin Green at Harcourts is absolutely fantastic. Worth giving him a call. We have had him as our agent and couldn’t have asked for better service. His number is *** ****
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Q: Hi, we have 90k in the bank and found a house we want to buy for $710,000. The bank will lend us $639,000 but we would like to spend about $15-20,000 as soon as we move in. Is it possible to get a loan with only 5% deposit and cover the stamp duty. My income is $82,000 and my wife is $75,000, thanks?
A: Hi Eddie,
Congratulations on your hard work to put together a $90k deposit.
I am a mortgage broker specializing in loans for home buyers. Looking at the figures you have provided it may be possible to proceed as you have suggested. However, there are a lot of other variables that need to be considered.
I am more than happy to arrange a Free no obligation meeting with you to discuss your situation and provide you with all of the options you have.
If you are interested please feel free to contact me at + 61 43 115 6001.
Kind regards,
Jacqui Milway
Mobile lender Keysborough
Jacqui@mobilelender.com.au
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Q: I purchasing my mothers second property for the mortgage price only, which is roughly a third of the value. The property is in excess of 750000. This will be my first home. What duty and fees will i pay?
A: Hi Peter,
Firstly Congratulations on purchasing your first home.
As Peter had mentioned unfortunately you will not be able to use the first home owners exemption due to the value of the property.
And you are looking at about $40,000+ in stamp duty.
If you are looking for any finance assistance I am a mobile mortgage broker so I can come and meet with you anywhere to help you navigate your options and review a panel of lenders to find the best for for your situation.
I can be contacted on - 0431156001.
Good luck,
Jacqui
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Q: Hi, my wife has just had a baby and will be off work for 12 months and we would like to get some advice on lowering our home loan payments. The loan is $420,000 and we currently pay $520 a week… the rate is 4.07%. I work full time as a contractor and earn between $1700 and $2,000 a week. Could we refinance or are there other options?
A: Hi Paul,
Firstly, Congratulations on your new arrival. :)
There is definitely an option to look at re-financing. I would be happy to help you look into your options.
You may also have the possibility to change your loan to interest only for a period of time while your wife is on maternity leave. This is an option that most lenders will offer but do not publicize. It is generally offered for a period of 5 years, twice over the life of the loan.
If you would like to make an appointment me to go over what other options may be available to you feel free to contact me.
Regards,
Jacqui
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Q: Just started our own business and wondering which accounting solution other business owners prefer to use Xero or MYOB?
A: Hi Pati,
We use Xero, I have used MYOB in the past both are great but I like how user friendly and straight forward Xero is.
Good luck with you me new business.
Jacqui
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Q: I want to buy some shares for my young kids. If I set-up a trust the income tax on dividends will need to be paid by me (at 35%). Can I get the kids a TFN and buy them in their name so they can benefit from the $18k tax threshold?
A: Hi Jack,
Have you thought about Bitcoin? It would have to be in your name. I have purchased for my daughter who is only 1 because i San let it grow and hopefully pay for her education. :)
Jacqui
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Q: First home buyers with 2 kids, 4 and 2. No debts, no credit cards and have been paying $620pw in rent. We have just inherited some money and want to see if we can borrow around $700,000. My income is $132k plus super and my wife is looking to go back to work mid-2018. Could we do this?
A: Hi Mitch!
We would love to help you out. This definitely looks doable, Would need a few more details from you. I work for a mobile Finance Broking firm mobilelender.com.au
I can look at our list of 30 lenders to see what we can do for you. Hoping we can do something to help you out.
Thanks,
Jacqui
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Q: Hi, I’ve been reading a lot Bitcoin trying to get an understanding of how it works but it’s still a mystery. Can I ask how others understand it, why is there so much talk about it, is it a fad or is it real and the future? Thanks
A: Hi Alex,
Bitcoin is a Digital Currency created to provide consumers with an alternative payment method not reliant on the banks.
It is a great opportunity if you have the interest to get involved.
I am more than happy to provide you with more information, including a lot of videos on my Facebook account. If you would like to contact me for more information.
Thanks,
Jacqui
