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Mortgage featured stories

Why you should consider a Home Loan Health Check!

Home Finance, Investment Loans, Mortgage Broking, Property, Tips
Share
Within the home loan industry there are numerous offers to provide a review of your current loans, whether they call it a “Home Loan Health Check”, “Loan Review”, or similar. What does this mean?
Ultimately the basis behind a review is to assess the current rate, terms and fees of your existing loan to assess if you can obtain a more effective loan structure for your needs. We all have different priorities but a Home Loan Health Check could assist with: – Reducing your loan repayments – Reducing the amount of interest and / or fees you pay – Paying off your loan more quickly Or even potentially a combination of all three! Who should consider a Home Loan Health Check? The home loan market changes very rapidly and lenders are regularly reviewing their loan offerings. What was a competitive offer in previous years may now be far from the best option in the market. It is therefore recommended that any borrower who hasn’t reviewed their loan in the last two years should undertake a review of the Home Loan. Why do I need a Home Loan Health Check? Unfortunately with our busy lifestyles there are some ongoing payments, such as our loans, insurances and utilities that we just pay each month without ever reviewing to see if we can obtain a better deal. For many of us our loan repayments are our biggest expense, and yet with the day to day pressures of life we never really take the time to assess if there are more competitive options available. Such a review could potentially save us thousands of dollars! Just consider a $350,000 loan in which the borrower’s interest rate is 0.50% p.a. more than could be achieved in the current market. The annual saving of improving the rate by 0.50% p.a. could be as much as $1,750! Consider what the savings could be if the loan was greater than $350,000 or the improved interest rate was more than 0.50% p.a.! What could you do with the extra money? Could you: – Go on a short holiday! – Improve your lifestyle – Increase your repayments to pay off your loan sooner! What’s involved? The best part of all is that by using a qualified loan specialist, such as a Mortgage Broker, you may be able to invest as little as an hour of your time to assess if you could save money on your loan, as the broker will do the research and comparison for you. Your Mortgage Broker will require some basic information to do an assessment such as: – A copy of your recent loan statement and/or 6 months transactions (showing your interest rate and repayments) – A summary of your financial position (i.e. Assets & Liabilities, summary of income and expenses). Most brokers will have their standard ‘Fact Find’ document that you can quickly complete to provide this information. So the only question for most borrowers is “should I spend an hour of my time to investigate if I can save money on my mortgage? Arranging a Home Loan Health Check If you would like to know more contact your local Mortgage Broker who can provide assistance in working through the options on offer and help you establish what will suit your personal circumstances I am more than happy to assist and can be contacted via email at brenton@eadonhomeloans.com.au or by phone on 0477 778 330

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Is a tree or sea change on your horizon?

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Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Is a tree or sea change on your horizon?

News
Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Is a tree or sea change on your horizon?

News
Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

Mortgage featured stories

Why you should consider a Home Loan Health Check!

Home Finance, Investment Loans, Mortgage Broking, Property, Tips
Share
Within the home loan industry there are numerous offers to provide a review of your current loans, whether they call it a “Home Loan Health Check”, “Loan Review”, or similar. What does this mean? Ultimately the basis behind a review is to assess the current rate, terms and fees of your existing loan to assess if you can obtain a more effective loan structure for your needs. We all have different priorities but a Home Loan Health Check could assist with: – Reducing your loan repayments – Reducing the amount of interest and / or fees you pay – Paying off your loan more quickly Or even potentially a combination of all three! Who should consider a Home Loan Health Check? The home loan market changes very rapidly and lenders are regularly reviewing their loan offerings. What was a competitive offer in previous years may now be far from the best option in the market. It is therefore recommended that any borrower who hasn’t reviewed their loan in the last two years should undertake a review of the Home Loan. Why do I need a Home Loan Health Check? Unfortunately with our busy lifestyles there are some ongoing payments, such as our loans, insurances and utilities that we just pay each month without ever reviewing to see if we can obtain a better deal. For many of us our loan repayments are our biggest expense, and yet with the day to day pressures of life we never really take the time to assess if there are more competitive options available. Such a review could potentially save us thousands of dollars! Just consider a $350,000 loan in which the borrower’s interest rate is 0.50% p.a. more than could be achieved in the current market. The annual saving of improving the rate by 0.50% p.a. could be as much as $1,750! Consider what the savings could be if the loan was greater than $350,000 or the improved interest rate was more than 0.50% p.a.! What could you do with the extra money? Could you: – Go on a short holiday! – Improve your lifestyle – Increase your repayments to pay off your loan sooner! What’s involved? The best part of all is that by using a qualified loan specialist, such as a Mortgage Broker, you may be able to invest as little as an hour of your time to assess if you could save money on your loan, as the broker will do the research and comparison for you. Your Mortgage Broker will require some basic information to do an assessment such as: – A copy of your recent loan statement and/or 6 months transactions (showing your interest rate and repayments) – A summary of your financial position (i.e. Assets & Liabilities, summary of income and expenses). Most brokers will have their standard ‘Fact Find’ document that you can quickly complete to provide this information. So the only question for most borrowers is “should I spend an hour of my time to investigate if I can save money on my mortgage? Arranging a Home Loan Health Check If you would like to know more contact your local Mortgage Broker who can provide assistance in working through the options on offer and help you establish what will suit your personal circumstances I am more than happy to assist and can be contacted via email at brenton@eadonhomeloans.com.au or by phone on 0477 778 330

More Stories

Is a tree or sea change on your horizon?

News
Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Is a tree or sea change on your horizon?

News
Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Is a tree or sea change on your horizon?

News
Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

Mortgage featured stories

Why you should consider a Home Loan Health Check!

Home Finance, Investment Loans, Mortgage Broking, Property, Tips
Share
Within the home loan industry there are numerous offers to provide a review of your current loans, whether they call it a “Home Loan Health Check”, “Loan Review”, or similar. What does this mean? Ultimately the basis behind a review is to assess the current rate, terms and fees of your existing loan to assess if you can obtain a more effective loan structure for your needs. We all have different priorities but a Home Loan Health Check could assist with: – Reducing your loan repayments – Reducing the amount of interest and / or fees you pay – Paying off your loan more quickly Or even potentially a combination of all three! Who should consider a Home Loan Health Check? The home loan market changes very rapidly and lenders are regularly reviewing their loan offerings. What was a competitive offer in previous years may now be far from the best option in the market. It is therefore recommended that any borrower who hasn’t reviewed their loan in the last two years should undertake a review of the Home Loan. Why do I need a Home Loan Health Check? Unfortunately with our busy lifestyles there are some ongoing payments, such as our loans, insurances and utilities that we just pay each month without ever reviewing to see if we can obtain a better deal. For many of us our loan repayments are our biggest expense, and yet with the day to day pressures of life we never really take the time to assess if there are more competitive options available. Such a review could potentially save us thousands of dollars! Just consider a $350,000 loan in which the borrower’s interest rate is 0.50% p.a. more than could be achieved in the current market. The annual saving of improving the rate by 0.50% p.a. could be as much as $1,750! Consider what the savings could be if the loan was greater than $350,000 or the improved interest rate was more than 0.50% p.a.! What could you do with the extra money? Could you: – Go on a short holiday! – Improve your lifestyle – Increase your repayments to pay off your loan sooner! What’s involved? The best part of all is that by using a qualified loan specialist, such as a Mortgage Broker, you may be able to invest as little as an hour of your time to assess if you could save money on your loan, as the broker will do the research and comparison for you. Your Mortgage Broker will require some basic information to do an assessment such as: – A copy of your recent loan statement and/or 6 months transactions (showing your interest rate and repayments) – A summary of your financial position (i.e. Assets & Liabilities, summary of income and expenses). Most brokers will have their standard ‘Fact Find’ document that you can quickly complete to provide this information. So the only question for most borrowers is “should I spend an hour of my time to investigate if I can save money on my mortgage? Arranging a Home Loan Health Check If you would like to know more contact your local Mortgage Broker who can provide assistance in working through the options on offer and help you establish what will suit your personal circumstances I am more than happy to assist and can be contacted via email at brenton@eadonhomeloans.com.au or by phone on 0477 778 330

More Stories

Is a tree or sea change on your horizon?

News
Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Is a tree or sea change on your horizon?

News
Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Is a tree or sea change on your horizon?

News
Is a tree or sea change on your horizon? Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

Why three-in-four Aussies turn to a broker for home loan help

News
Why three-in-four Aussies turn to a broker for home loan help You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help.

First home buyers turn to Bank of Nan and Pop

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First home buyers turn to Bank of Nan and Pop Nan and Pop have always been good for birthday money, but one-in-10 grandparents are taking their generosity to the next level: helping their grandkids buy a first home.

First home buyers turn to Bank of Nan and Pop

News
First home buyers turn to Bank of Nan and Pop Nan and Pop have always been good for birthday money, but one-in-10 grandparents are taking their generosity to the next level: helping their grandkids buy a first home.

First home buyers turn to Bank of Nan and Pop

News
First home buyers turn to Bank of Nan and Pop Nan and Pop have always been good for birthday money, but one-in-10 grandparents are taking their generosity to the next level: helping their grandkids buy a first home.

What you should know before buying ‘subject to finance’

News
What you should know before buying ‘subject to finance’ Not sure if you’ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer ‘subject to finance’ could be the right move. Here’s how it works.

What you should know before buying ‘subject to finance’

News
What you should know before buying ‘subject to finance’ Not sure if you’ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer ‘subject to finance’ could be the right move. Here’s how it works.

What you should know before buying ‘subject to finance’

News
What you should know before buying ‘subject to finance’ Not sure if you’ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer ‘subject to finance’ could be the right move. Here’s how it works.

Not feeling the budget love? 4 ways you could still get ahead

News
Not feeling the budget love? 4 ways you could still get ahead If the latest federal government budget is leaving you hungry for perks and savings, you’re not alone. We’ve had a brainstorm and here are four ways you could start working towards your property goals now.

Not feeling the budget love? 4 ways you could still get ahead

News
Not feeling the budget love? 4 ways you could still get ahead If the latest federal government budget is leaving you hungry for perks and savings, you’re not alone. We’ve had a brainstorm and here are four ways you could start working towards your property goals now.

Not feeling the budget love? 4 ways you could still get ahead

News
Not feeling the budget love? 4 ways you could still get ahead If the latest federal government budget is leaving you hungry for perks and savings, you’re not alone. We’ve had a brainstorm and here are four ways you could start working towards your property goals now.

Low deposit scheme helps over 150,000 families buy sooner

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Low deposit scheme helps over 150,000 families buy sooner Whether you’re rat running your local streets, or have a knack for always picking the fast-moving supermarket queue – everyone loves a good time-saving hack. Well, today we’ll let you in on a scheme that could get you into your first home years – yep years – sooner!

Low deposit scheme helps over 150,000 families buy sooner

News
Low deposit scheme helps over 150,000 families buy sooner Whether you’re rat running your local streets, or have a knack for always picking the fast-moving supermarket queue – everyone loves a good time-saving hack. Well, today we’ll let you in on a scheme that could get you into your first home years – yep years – sooner!

Low deposit scheme helps over 150,000 families buy sooner

News
Low deposit scheme helps over 150,000 families buy sooner Whether you’re rat running your local streets, or have a knack for always picking the fast-moving supermarket queue – everyone loves a good time-saving hack. Well, today we’ll let you in on a scheme that could get you into your first home years – yep years – sooner!

Here’s why your borrowing power might soon get a lift

News
Here’s why your borrowing power might soon get a lift Who doesn’t love a tax cut? Most of us are now only weeks away from saving on our tax bills, with Stage 3 tax cuts to kick in from 1 July. But another key advantage is that the tax cuts could give your borrowing power a nice boost.

Here’s why your borrowing power might soon get a lift

News
Here’s why your borrowing power might soon get a lift Who doesn’t love a tax cut? Most of us are now only weeks away from saving on our tax bills, with Stage 3 tax cuts to kick in from 1 July. But another key advantage is that the tax cuts could give your borrowing power a nice boost.

Here’s why your borrowing power might soon get a lift

News
Here’s why your borrowing power might soon get a lift Who doesn’t love a tax cut? Most of us are now only weeks away from saving on our tax bills, with Stage 3 tax cuts to kick in from 1 July. But another key advantage is that the tax cuts could give your borrowing power a nice boost.

What you should know before buying ‘subject to finance’

News
What you should know before buying ‘subject to finance’ Not sure if you’ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer ‘subject to finance’ could be the right move. Here’s how it works.

What you should know before buying ‘subject to finance’

News
What you should know before buying ‘subject to finance’ Not sure if you’ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer ‘subject to finance’ could be the right move. Here’s how it works.

What you should know before buying ‘subject to finance’

News
What you should know before buying ‘subject to finance’ Not sure if you’ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer ‘subject to finance’ could be the right move. Here’s how it works.

Not feeling the budget love? 4 ways you could still get ahead

News
Not feeling the budget love? 4 ways you could still get ahead If the latest federal government budget is leaving you hungry for perks and savings, you’re not alone. We’ve had a brainstorm and here are four ways you could start working towards your property goals now.

Not feeling the budget love? 4 ways you could still get ahead

News
Not feeling the budget love? 4 ways you could still get ahead If the latest federal government budget is leaving you hungry for perks and savings, you’re not alone. We’ve had a brainstorm and here are four ways you could start working towards your property goals now.

Not feeling the budget love? 4 ways you could still get ahead

News
Not feeling the budget love? 4 ways you could still get ahead If the latest federal government budget is leaving you hungry for perks and savings, you’re not alone. We’ve had a brainstorm and here are four ways you could start working towards your property goals now.

Low deposit scheme helps over 150,000 families buy sooner

News
Low deposit scheme helps over 150,000 families buy sooner Whether you’re rat running your local streets, or have a knack for always picking the fast-moving supermarket queue – everyone loves a good time-saving hack. Well, today we’ll let you in on a scheme that could get you into your first home years – yep years – sooner!

Low deposit scheme helps over 150,000 families buy sooner

News
Low deposit scheme helps over 150,000 families buy sooner Whether you’re rat running your local streets, or have a knack for always picking the fast-moving supermarket queue – everyone loves a good time-saving hack. Well, today we’ll let you in on a scheme that could get you into your first home years – yep years – sooner!

Low deposit scheme helps over 150,000 families buy sooner

News
Low deposit scheme helps over 150,000 families buy sooner Whether you’re rat running your local streets, or have a knack for always picking the fast-moving supermarket queue – everyone loves a good time-saving hack. Well, today we’ll let you in on a scheme that could get you into your first home years – yep years – sooner!

Here’s why your borrowing power might soon get a lift

News
Here’s why your borrowing power might soon get a lift Who doesn’t love a tax cut? Most of us are now only weeks away from saving on our tax bills, with Stage 3 tax cuts to kick in from 1 July. But another key advantage is that the tax cuts could give your borrowing power a nice boost.

Here’s why your borrowing power might soon get a lift

News
Here’s why your borrowing power might soon get a lift Who doesn’t love a tax cut? Most of us are now only weeks away from saving on our tax bills, with Stage 3 tax cuts to kick in from 1 July. But another key advantage is that the tax cuts could give your borrowing power a nice boost.

Here’s why your borrowing power might soon get a lift

News
Here’s why your borrowing power might soon get a lift Who doesn’t love a tax cut? Most of us are now only weeks away from saving on our tax bills, with Stage 3 tax cuts to kick in from 1 July. But another key advantage is that the tax cuts could give your borrowing power a nice boost.

How to know if you’re paying a fair price

News
How to know if you’re paying a fair price We all love the idea of nabbing a bargain property, but for most home buyers the real issue is whether they’re overvaluing a place – and paying too much in the process.

How to know if you’re paying a fair price

News
How to know if you’re paying a fair price We all love the idea of nabbing a bargain property, but for most home buyers the real issue is whether they’re overvaluing a place – and paying too much in the process.

How to know if you’re paying a fair price

News
How to know if you’re paying a fair price We all love the idea of nabbing a bargain property, but for most home buyers the real issue is whether they’re overvaluing a place – and paying too much in the process.

Can you remember your home loan interest rate?

News
Can you remember your home loan interest rate? Where you put your car keys, who won the footy premiership three years back, the new prime minister of New Zealand’s name – all very much socially acceptable things to forget. Your home loan rate shouldn’t be on that list.

Can you remember your home loan interest rate?

News
Can you remember your home loan interest rate? Where you put your car keys, who won the footy premiership three years back, the new prime minister of New Zealand’s name – all very much socially acceptable things to forget. Your home loan rate shouldn’t be on that list.

Can you remember your home loan interest rate?

News
Can you remember your home loan interest rate? Where you put your car keys, who won the footy premiership three years back, the new prime minister of New Zealand’s name – all very much socially acceptable things to forget. Your home loan rate shouldn’t be on that list.