How to Choose an Efficient Canning Vale Mortgage Broker?

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In a competitive market like today’s, you will have plenty of alternatives to choose from for anything and everything. Likewise, your need for financial assistance can be covered by a number of such mortgage brokers.

However, not every Canning Vale mortgage broker is as efficient as the other. And that’s all the more reason to choose the one efficient mortgage broker who can ease your significant financial endeavours.

If you are in the same league and wondering how to find a potential mortgage broker, you will need to adhere to the pointers mentioned further.

  • Look into the website

The virtual face of a Canning Vale mortgage brokeris their website from where you can find all the required information regarding them. You need to check if the website is genuine and have correct information or not before contacting them.

  • Check the services offered

It is imperative to check the services extended by the brokers of Canning Vale to customers first. Few brokers may provide consumers with top of the shelf financial services and consultation while some may just stick to basics. Make sure you choose the one who can help ease your financial decisions.

  • Experience in the industry

When it comes to financing, a seasoned professional is preferred over a novice individual. And that’s the reason why you should go for a Canning Vale mortgage broker who has served the industry for quite some time and have gained experience. You are more likely to make secure and profitable decisions in the process.

  • Customer support and assistance

While the services and experience are crucial factors in determining which mortgage broker to choose, customer support is no less of a factor. It is vital as you would need to resolve your issues or get answers for your queries if things go downhill.

Considering these pointers will help you determine which mortgage broker to hire in Canning Vale for better profits and security.

Get help for Your Home Loan with Willetton Mortgage Broker

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The procedure for home loan application until its procurement is quite lengthy and consists of several steps. It will need you to do a lot of paper works and will require some financial knowledge so that you negotiate a deal which is beneficial to you.

Of course, not every individual is well informed of the various financial terminologies and may end up paying more than their fair share. To avoid falling prey to such circumstances, contacting Willetton mortgage broker is essential.

They will help you in every step of your home loan procurement, and that begins with negotiating a deal to help a considerable loan amount sanctioned.

The process through which the customer has to go for procuring home loans will be –

  • Applying for a loan

You will have an easier home loan application process with Willetton mortgage broker in the picture. The paper works will be handled by the broker only, and you just need to provide them with the required information from the comfort of your home.

  • Receiving response

Once your application has been submitted, it takes some time to process the application and receive a response for it. All this while, you just need to sit and wait.

  • Property value estimation

Next, the home or land you are willing to purchase will be evaluated to confirm on its market value and your estimated loan amount. Here, Willetton mortgage brokerwill help you if any issues are encountered in the step.

  • Financial or credit history

Borrowers credit history is checked and verified before approving the loan. Here, the mortgage broker plays a vital role as they gauge the creditworthiness of the borrower and help them seek approval.

  • Loan Approval

Finally, the formal approval and sanction letter are provided to customers without having toworry about anything.

Borrowers Rights

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Know your rights as a borrower?

As a borrower, it pays to know your rights – and don’t be afraid to exercise them!

It can all seem a little intimidating when you apply for a loan, and it seems like the lender is putting a lot of conditions on you as the borrower. But what are your rights? Borrowers are heavily protected by state and federal law, and you can expect your lender to keep up their end of the bargain too. You have:

The right to know what you’re in for

The lender must provide you with a very detailed contract which outlines all of the terms and conditions of your loan in clear language. You should take the time to understand all of your obligations, fees and charges and make sure the loan amount details are all correct.

The right to know your interest rate

Your lender is required to communicate interest rate changes to you in advance – either directly, or by putting an advertisement in a major newspaper.

The right to know your repayment amount

The lender must provide you with written notice at least 20 days before your interest rate is due to increase.

The right to a copy of your loan statement

A loan statement must be provided to you every six months. You have the right to dispute any transactions that you don’t feel are correct or justified.

The right to pay out your loan at any time

There may be some fees involved, but you do have the right to pay your loan out at any time. Accordingly, you also have the right to know your payout figure, which your lender must provide to you within 7 days of receiving a written request.

The right to terminate your contract before the funds are drawn down

You have the right to pull out of the transaction if the funds have not yet been drawn down for settlement to take place.

The right to get assistance in times of financial hardship

There is legislation in place to protect you if you experience financially tough times. It’s worth investigating the relevant options so that you are ready for the unexpected.

But, you would remember from childhood that more rights usually equals greater responsibilities. There are a few obligations that you must keep to your lender as well:

Provide truthful, factual information when you apply.
– Make all of the repayments on the due date.
– Keep the property in good condition and don’t make any big alterations without getting permission from your lender.
– Take out insurance for the full replacement value of the buildings/structures and keep the insurance policy paid and current.
– Don’t sell, rent, or mortgage the property without your lender’s permission.

home reno

5 Ways to Increase the Value of Your Home

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home reno

Home renovations add an incredible amount of appeal to your home and can potentially increase your home’s value.

If you’re looking to sell your home one day, it’s a good idea to continually improve and modernize your space. In highly sought-after cities like Sydney and Melbourne, successful styling and simple home improvements can really drive up the price when bidding.

“Close to 8.4 million (or 62%) of Australia’s 13.6 million homeowners did some kind of renovations in the last 12 months. ¹

 

  1. Paint those walls

 

It may sound obvious (and not very exciting), but a bit of colour can do a lot for a room. A newly painted home feels fresh and inspiring – a feeling you definitely want to evoke when selling your home. Try working with a colour scheme for each living space and if you’re really feeling brave, an accent wall can add a lot of personality to a room. If colour isn’t your thing, white tends to stand the test of time regardless of colour trends.

  1. Renovate the kitchen

 

A newly renovated kitchen can really give someone that ‘wow’ factor when seeing a house for the first time. Plus, a new kitchen is pretty darn nice to have. Completing a complete kitchen renovation can be an ordeal when it comes to working with plumbing and electrical, but it’s always worth the cost – especially if you have any potential safety concerns. A recent trend that we’ve noticed is simply changing countertops or cupboards versus the entire kitchen.

 

  1. Freshen up your flooring

 

If you think about it, the floors in your home take up the most physical space and have a big impact on a room. A good rule of thumb here is to avoid linoleum and invest in more authentic and robust flooring solutions, such as wood or high quality carpet in a neutral colour. It’s also important to consider your moldings and trim before you invest in a new floor.

 

  1. Prioritise the bathroom

 

The bathroom is an easy room to overlook since it can be cumbersome and costly to renovate. As a seller, you want to show it as clean and modern as possible, so make sure to give it some love. We suggest starting with new fixtures and fixings, but researching designer look-a-like options that are a fraction of the price. This might take some time, but could save you a lot of money down the track.

  1. Don’t forget the outside

 

You might not realise it, but the exterior of your house is the very first impression someone has of your home. Think about how a visitor might view it when they walk up. Is the lawn or front walkway neat and tidy? Are the windows clean? Is the paint fresh or could it use another coat?

 

Finally, our last tip is to try and increase the number of rooms in your home, if you can. It can be tricky, but if you live in a three-room residence and have the means to convert it into four without breaking the bank, it is almost always worth the investment.

 

If you’re in the market for some home renovations, get in touch with us today.

 

This post was brought to you by our lending partner, Wisr. We’re working together to bring you a fairer deal on finance.

 

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Source:

 

1.http://www.roymorgan.com/findings/7102-renovation-nation-home-improvement-in-australia-201701090848

 

Disclaimer: This article contains general information only, and is not general advice or personal advice. Wisr Finance Pty Ltd does not recommend any product or service discussed in this article. You must get your own financial, taxation, or legal advice, and understand any risks before considering whether a product or service discussed in this article may be appropriate for you. We have taken reasonable efforts to ensure that the information is accurate at the time of publishing, but the information is subject to change. We may not update the article to reflect any change.

interest rate

Time-poor for a better rate

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Too loyal or time-poor for a better rate? Problem solved

Another month, another rate cut. Finance can be so tedious.

That is until you realize it could mean more money in your pocket. But how?

For many, matters of personal finance are so dull and/or difficult, they are immediately filed in the too-hard basket.

And for their trouble or lack thereof, these people are often slugged with a ‘lazy tax’ – the price paid for staying put.

Loyalty too, or simply being time-poor, can also be offenses punishable by debt in the world of finance.

But it doesn’t have to be this way.

A 2018 Australian Competition and Consumer Commission (ACCC) report showed that new borrowers with an average-sized residential mortgage paid up to $850 less a year in interest than existing borrowers with the same lender.

However, despite the apparent benefits, actively ensuring an interest rate remains suitable is a practice that continues to elude many.

Fortunately, there are people out there whose job it is to assist in this process.

Finance brokers can play a vital role in assisting borrowers through the process of ensuring their mortgage is competitive.

MFAA mortgage brokers are just a phone call away and are ready to guide you through the task of refinancing your loan.

So get cracking. Click here to find your local broker now.

 

budget

CREATING A BUDGET FOR YOURSELF

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Creating a Budget

Figuring out a budget is something that too many people in Maddington have difficulty with and there is definitely no doubt about that.

This is something that we should all really started thinking about because knowing how to manage our money properly and being consistent with it, will drastically pay off down the road. We will finally be able to enjoy our life completely, without all of the worries that come along for anyone who is just totally overloaded with debt over debt over debt.

Savings Plan

Our budget will make it possible for us to recognize that we can survive every single month, not just survive though, much better than that, we could potentially have a little bit of extra money each and every month!

Allow our budget to work for us, no matter what might come up unexpectedly. If we can do this month after month, I do believe that we are just really going to be shocked by the wonderful results. We will have so much more confidence each day just knowing that we can make it on our own, we are a responsible, mature and highly intelligent individual.

Debt is our worst enemy so if we can do anything at all to prevent this from occurring with us all throughout our fun life, start at an early age figuring out how we will follow our budget each month and make it work. If not, we can always rely on experts at Champion Broker Maddington to advise us.

How To Deal With Credit Card offer

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Credit card offer, no matter how enticing and convenient it might seem, may be the most expensive loans made by banks, department stores, and gasoline companies for you.

The credit card offers the almost priceless campaign ultimate convenience, but you are paying a high rate of interest. The convenience credit card offers sometimes no longer mounts up to the interest on credit cards alone but also from the bulk of accounts the bank profits for every credit card issued.

There are also those companies that charge an annual fee as part the credit card offer. But most of these companies sometimes charge late fees, over-the-limit fees, and other “miscellaneous” charges that the credit card holder often mistook as part of the service charge. Now, knowing how much you really “contribute” to the companies’ profit every time you pay what the merchant charges or every time you pay the fees to service providers—would you still be blinded with what the credit card offers?

Here are some tips from Kenwick’s Champion Broker that can help you veer away from the constant misleading promises and overwhelming credit card offer. Think first what is the purpose of filling out an application for a credit card and why do you need it and how sure are you that you can comply with the conditions of having another card. If ever your needs really demand a credit card, then you must look for the most suitable type that will work best for your specific situation. Or you can always book a time to talk to one of the brokers at Champion Broker. It pays to understand the terms of what the credit card offers before you get the card. You must also take time to review the disclosures of terms and fees that might appear on credit card offers you receive.