Help us to help you get a better home loan that can potentially save you thousands!

By Navjeet Singh Matta, ASIC Licensed Mortgage Broker also Director- Gain Home Loans (Full member MFAA)

What is the definition of a good home loan? Is it low interest rate, better features or the security of dealing with a major bank? Most of the people do not review their loans after they have taken one. They get busy with their lives and for them it’s a very complicated exercise to start researching the several options available which they actually did very passionately when they initially took the home loan. Did you all know that the demand of credit has fallen in the last few months and the lenders have now started offering more discounts than what they were offering earlier? It is very likely that when you took the home loan, the rates banks offered you were higher than the one you can get now. So what should you do? The best thing is to contact a mortgage broker like us who can review your home loan and then suggest the best move forward. In most circumstances, you will be better off. As a thumb of rule, if your current variable loan is more than 6%, then there is a good chance, you might be better off doing this small exercise. So all you have to do is to visit our website www.gainhomeloans.com.au and click the tab which says “already have a home loan”, fill out a small form and then one of our experienced mortgage brokers will get in touch with you and assess your situation and can find a suitable loan for you, we can even negotiate with your current lender to get you a better rate, we do not charge for our services. This 2 minutes you spend can potentially save you thousands of dollars for the life of the loan. We do not just asses your interest rate, we can also find out whether you are eligible for buying an investment property which can also help you build up wealth and save some tax. You can also call us on 02 9676 3417 or visit our office in Flushcombe Rd, Blacktown. Being a mortgage broker for the last eight years, I have done lot of research and the experience of dealing with thousands of customers and dealing with mostly all major and non-major banks, it has helped me immensely to find the most suitable loan for our clients so I urge all of you to take advantage of this and help yourself get a better deal. ort !

Did you know RP Data is the most widely used system by the Real Estate professionals all over Australia? It’s a paid service and quite expensive for a layman as they do not need it on a regular basis. It is a very helpful tool if you are purchasing a property, refinancing your home loan or want to use equity in your property to invest in business or investment property. This is approximately a 20 page report which outlines approximate market value of the property, the suburb profile, the mix of people, their incomes, religion and lot of other attributes. This property costs $89 from elsewhere however we provide it free to all whoever wants it; and its very easy to get your hands on it, all you have to do is visit our web-site www.gainhomeloans.com.au, click the ‘free property report’ tab, fill out a small form and we will email this report to you within 24 hours, how easy is that ? This report can potentially save you thousands of dollars as you will have enough information about the property and suburb that you will be able to negotiate better both ways; selling or purchasing.

Is it the best time to fix your home loan ?

At the time of writing this article, the best 3 year fixed rate home loan is 5.59% (with an annual fee of $395). This rate is around 0.5% lower than the average variable home loan in the market, however the question is, is it the best time to fix the mortgage ? The last time Reserve Bank dropped the cash rate was in June 2012 and there is forecast that there is atleast one rate cut on the cards this year, or may be more. The problem with these predictions is that they are very short-term so sometimes it does make sense to fix your mortgage as you are definitely sure about your repayments, but then, it comes with lot of conditions, like you can not make unlimited extra repayments, you may incur a huge break-costs if you want to get out of it, etc. So if you really want to fix the rates, then the best way is to split your loan and fix a part of your home loan. If you want to get some advice on your personal situation, you are more than welcome to call me and I can help you make the decision. Thank you for reading this article and your continued support, as mentioned before if you are looking for a good deal on your home loan, please contact us at Gain Home Loans, Lvl 1, 15 Flushcombe Rd, Blacktown, Ph: 02 9676 3417 and 0412 452 429 or you can drop me an email at info@gainhomeloans.com.au

Disclaimer: Any advice given in this article does not take into account the personal needs and objectives or financial situation of the reader. The reader should consider the appropriateness of this and seek professional advice before making a decision whether to acquire or continue the products and services mentioned.