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Monthly Archives: May 2014

Earn QANTAS Frequent Flyer Points on your Home Loan

May 28, 2014 in Insider Tips, Latest News

QANTAS 1

Want to earn QANTAS Frequent Flyer Points on your Home Loan ?

One Bank will pay you …

1000 Points for every $10,000 of your Home Loan
+
1000 Points every month
+
25000 Points Loyalty Bonus after 3 Years
+
25000 Points Loyalty Bonus after 5 Years
+
1 Point for EVERY dollar you spend on the Platinum Credit Card

e.g. $400,000.00 Home Loan = 150,000 Points over 5 Years
PLUS
Additional Points from the Platinum Credit Card
PLUS
Low Home Loan Interest Rates

For know more information on the terms & conditions click on CONTACT US or phone our Mortgage Specialists

Buying & selling a house at the same time

May 21, 2014 in Insider Tips, Latest News

Fish

You can avoid paying the following fees and save thousands of dollars if you transfer your current Home Loan to your new property.

– New Loan Fees
– Lenders Mortgage Insurance
– Discharge Costs
– Fixed Rate Break Costs

To know more please call our Mortgage Specialists on ph: 0755274744 or click on CONTACT US and ask about “PORTABILITY”.

What to look for in an Open House Inspection

May 4, 2014 in Insider Tips, Latest News

Home for sale

There’s an old saying that you should never judge a book by its cover, and this is true for houses – after all, who would buy one having never seen more than the front door? Open inspections are opportunities to really flick through the pages, and here’s how to take full advantage.

Really use your senses
Sniff, peer, listen and feel as much as you can. Your nose might pick up a mouldy or musty smell that may mean damp. You might spy small or hidden cracks that could mean structural issues. That clattering sound when water is running? That can be a sign of serious plumbing problems.

Don’t be distracted by the beautiful bling
Anyone can invest money in pretty cushions and lamps to set off the house. Or bake some cookies just as the open inspection starts so the house smells cosy and homey. But when buying property, you’re buying the sausage not the sizzle, so look past the perfectly presented and lit lounge room to the size, shape and placement in the floorplan of the actual room, and imagine how you will use it.

Look up
That means checking the roof on the way in and looking at the ceilings in the rooms. Damp and leakage issues are costly and notoriously hard to fix. And once the rot sets in, it may be costly to fix.

That kitchen and bathroom advice
It’s true what they say. If these two rooms aren’t how you would like them to be, are you prepared to live with it or spend the money required to transform them? According to Archicentre, kitchen renovations in Australia have an average cost of $10,608 to $31,722, provided that the room is in good condition and doesn’t need any significant structural renovation. Bathroom renovations will be upwards of $10,000, and probably a lot more. Check the Archicentre Cost Guide for an idea on what you’ll be spending.

Look at your surroundings
Who and what are your neighbours? Check out the location at different times of the week and day. It may sound excessive, but maybe the house is under a window-rattlingly low flight path only when the weather is bad, there’s a bar across the road that blasts out loud music in the early hours but is closed during the day when inspections are on, or there’s a factory down the road that when the wind blows a certain way sends nasty smells wafting. If you have kids, what are the local school like? What is the local crime rate?

Ask lots of questions
What are the utilities like gas, electricity and water costing the current residents? As the Property Institute says, a home with large windows seems bright and sunny, but it can also make for more drafts in winter and warmer rooms in the summer – both problems that make for higher utility costs. It’s also important to ask about previous repairs and renovations; if something goes wrong down the track it can be good to have a history.

Have a pre-purchase building and pest inspection
This may seem obvious but many houses are bought and sold without one. Home inspectors are trained to find flaws in a home that your untrained eye may never see as a problem, but may cost a lot to correct down the line. If it’s your dream home, you may choose to buy it even with structural or pest problems, but you’ll no doubt be able to negotiate on price.

Before you start looking at homes, talk to an MFAA accredited credit adviser about how much money you can borrow and which type of loan suits you.

An MFAA Approved Credit Adviser is much more than your average mortgage broker.

Article source: MFAA Essential of Borrowing 2/5/2014