Shelley McGinty

Offset Accounts: Saving Interest with Savings An offset account is a savings or transaction account linked to your home loan. The balance in this account offsets the loan balance, meaning you only pay interest on the net difference. Offset accounts can save borrowers considerable interest over the life of the loan without directly reducing the principal. Example: Emma has a $450,000 mortgage and keeps $50,000 in her offset account. Instead of paying interest on the full $450,000, she only pays interest on $400,000. This setup allows her to save on interest while maintaining access to her funds, which she can use for emergencies or future expenses. To see how offset accounts can benefit you, visit www.getfunds.com.au.

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Split Rate Mortgages: Combining Fixed and Variable Rates A split rate mortgage divides the loan into fixed and variable portions, offering a balance between stability and flexibility. This arrangement allows borrowers to enjoy the benefits of a fixed rate for part of the loan while benefiting from possible rate drops on the variable portion. Example: Jessica’s $600,000 mortgage is split equally between a 4.5% fixed rate and a variable rate. She knows her payments on the fixed portion will remain stable, giving her security, while the variable part allows her to capitalize on any rate decreases. This option works well for those who want the best of both worlds without fully committing to one rate type. Explore if a split rate mortgage is the right fit for you at www.getfunds.com.au.

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How these data parameter helps you asses market conditions, mitigate risks and identify the right property with a massive potential for capital growth and cash flow for the next few years. 📊🏠📈 #investoraid #buyersagentaustralia #realestateinvesting #realestateinvestors #propertyinvestment #RealEstateInvestingTips #realestateaustralia #realestatetips #realestatedata

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This is what we are seeing in the Hobart housing market 👀 There is a data-driven methodology behind where we buy our properties to help my clients achieve growth higher than average and expedite their investment journey. It's how we've taken our clients from 0 to 3 properties in only a few short years. If you're interested in learning more about my services and how this data comes together coupled with buying property reach out to myself for a discovery call; https://buff.ly/4bbnHOJ Part 4 of 4 #investment #propertyinvesting #buyersagent #property #realestate #lornawang #australianrealestate #propertytips #buyersadvocate #investing #australianproperty #propertyresearch #propertyinvestor #australianpropertymarket #propertystats #datadriven #buyingproperty #investorkit #finanialfreedom #wealthcreation #Hobartpropertymarket #Hobartrealestate #Hobart

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YOUR LOAN TRANSITION ACTION PLAN 𝙈𝘼𝙆𝙀 𝙀𝙓𝙏𝙍𝘼 𝙋𝘼𝙔𝙈𝙀𝙉𝙏𝙎 If you’re on a fixed rate loan that allows extra repayments, it could be worth using this feature before your fixed term ends. Extra repayments up to the fixed term cap can give you a buffer when rates rise because you will have repaid more of your home loan. This could be useful if future rate hikes make it difficult for you to make your monthly repayments. 𝗔𝗗𝗗𝗜𝗧𝗜𝗢𝗡𝗔𝗟 𝗧𝗜𝗣𝗦 𝘼𝙡𝙡𝙤𝙬 𝙪𝙨 𝙩𝙤 𝙣𝙚𝙜𝙤𝙩𝙞𝙖𝙩𝙚 𝙬𝙞𝙩𝙝 𝙮𝙤𝙪𝙧 𝙡𝙚𝙣𝙙𝙚𝙧 If you sit back and do nothing when your fixed rate term ends, you’ll end up paying whatever the lender charges you. Let’s chat and review with me so we could find a loan that fits your needs. ✨ Book a chat with me - https://lnkd.in/gFSJhR3z #RefinanceAustralia #MortgageReview #HomeLoanRefinance #FixedRateEnding #VariableRateLoans #RefinanceNow #MortgageSavings #HomeLoanReview #RefinancingTips #LoanRepaymentHelp #MortgageBrokerAustralia #LowerYourRates #FixedToVariable #PrepareForRefinance #RefinanceActionPlan

🤷 Do you need a Mortgage Broker when building a property portfolio....? YES! For the same reasons and more as when you are looking to purchase any property. - Expert guidance before, during and after the home loan process - Access to multiple lenders with multiple loan products making sure you get the product that suits you and your goals - Investment loan structuring and insuring that your loan structure works now and for the future - Mortgage strategy for building your property portfolio or whichever path you choose to take Don't forget our services are free to you, we work in your best interests and we get paid the same no matter which lender you commit to. #buythathouse #mortgagechoicefortitudevalley #mortgagechoiceashgrove #brisbanemortgagebroker #brisbaneproperty #brisbaneexpert #fortitudevalleymortgagebroker #ashgrovemortgagebroker #thegapmortgagebroker #howtohomeloan #investor #propertyinvestor #awardwinningbroker #mortgagebroker #bestbroker

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𝐑𝐚𝐭𝐞 𝐂𝐫𝐞𝐞𝐩! 📈 As interest rates rise, understanding this sneaky tactic is so important. Mortgage brokers are shielding customers, potentially saving you THOUSANDS annually from 'Rate Creep' 💰 𝐁𝐮𝐭 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐑𝐚𝐭𝐞 𝐂𝐫𝐞𝐞𝐩? … Banks sneakily siphoning millions from unsuspecting home loan clients each day. Back in the 1990s, the standard variable rate (SVR) ruled. Then came discounts for NEW CUSTOMERS, leaving existing clients stuck with high rates. By the mid-2000s, a 0.7% discount was good. Now? It's over 2%... 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐭𝐫𝐞𝐧𝐝? As discounts grow, existing clients fall behind. It’s all smoke and mirrors. Banks profit from higher interest rates while luring new clients with better deals. A dedicated mortgage broker can help and work for YOU, not the banks! 🏦 We promise a rate review on all client loans every six months to secure the best rate possible. If you haven't had a home loan review or health check in two years, you might be missing out on BIGl savings If you have any questions or need a loan review, reach out to the team, link in the comments📞 #MortgageIndustry #FinancialAdvice #InterestRates #HomeLoanReview #ClientSavings

'Green home loan' products offer discounts on interest rates if a home meets certain energy efficiency criteria (typically 7-stars); but not many customers have been asking about the availability of these loans, according to our Senior finance broker, Joel Cross. Joel spoke with Broker News recently, to discuss the important of us, as brokers, making sure we ask our clients about their building plans (and whether they meet this criteria). We recently had a couple come to us for an investor loan; they were building a property which met the 7-star criteria, but they were unaware of the 'Green Home Loan' product. Just by asking the right questions, Joel was able to use this product to bring their rate down with a discount from 7.49% to 6.49%, which on a loan size of $700,000 loan, represented a significant saving. Check out the article below for more details 👇

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Line of Credit Mortgages: Access Equity Flexibly A line of credit mortgage allows homeowners to borrow against the equity in their property, giving them flexible access to funds up to an approved limit. This is useful for home improvements, investing, or covering expenses without needing to reapply for a loan. Example: Anna has a $200,000 line of credit approved on her home’s equity. She uses $50,000 for a renovation project, and interest is only charged on the amount she’s used. This setup provides flexibility, but borrowers need to be disciplined as it’s easy to accumulate debt. For more details on line of credit options, visit www.getfunds.com.au.

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Thinking of using a Mortgage Broker? Here are just some of the many reasons why you should! 🤝 They work with you to understand your needs and property goals 🤝 They have access to many lenders and can help you find the best home loan rate 🤝 A broker can provide you with accurate information regarding home loan products, fees, and interest rates, saving you from confusion and stress 🤝 They deal with the banks and lenders to arrange your home loan and help achieve your goals Our professional mortgage brokers at Ambition Finance are here to help you. #MortgageBroker #Finance #Mortgage #HomeLoans #Business #Advice #InvestmentLoans

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Thinking of refinancing your home loan? Here are 5 tips to consider. 1. Regular Review: It is advisable to regularly review your home loans to ensure they still align with your financial goals and circumstances. 2. Reasons to Refinance: Refinancing can be beneficial for reasons such as seeking lower rates and fees, accessing additional features like offset accounts and redraw facilities, and potentially using equity for renovations. 3. Life Changes Impacting Loans: Changes in income, expenses, relationship status, or property value can influence the type of mortgage that suits your current circumstances. It is essential to discuss these changes with a broker to make informed decisions. 4. Costs of Refinancing: Understanding the costs involved in refinancing, such as discharge fees, break costs, application fees, valuation fees, and others, is crucial to evaluate the benefits of switching loans effectively. 5. Mortgage Broker Assistance: More than half of Australians use mortgage brokers when taking out a mortgage. Brokers provide access to multiple lenders, negotiate better outcomes, and save time by handling the legwork involved in finding the right deal. Download your free guide below. #FinRocFinance #MortgageBroker #HomeLoan

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There are several potential benefits to refinancing your home loan, including: 1. The ability to unlock equity. 2. Potentially accessing lower interest rates. 3. The opportunity to switch to a different product. Before deciding whether it makes sense for you, get in touch with your broker to explore your options for refinancing. 🗓️ https://bit.ly/4a34Rse

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There are several potential benefits to refinancing your home loan, including: 1. The ability to unlock equity. 2. Potentially accessing lower interest rates. 3. The opportunity to switch to a different product. Before deciding whether it makes sense for you, get in touch with your broker to explore your options for refinancing. https://bit.ly/4cVlqIn Call Shubham at 0408 456 777 #sheelfeel #sheelcapital

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