Posts Tagged ‘Hunter’

At Channel Direct Home Loans we are pleased to be able to assist in the process of purchasing a home. This could be your first home or your next investment property, refinancing an existing loan, or you are simply moving to a new location in  Eleebana

Simply  contact us  and give us the details of the property that you are interested in.

In the latest API magazine  Newcastle, Wickham, Maryville and Cessnock were amount the top 100 suburbs in Australia identified as locations that offer investors good value buying. 

At Channel Direct Home Loans we are pleased to be able to assist in the process of purchasing a home. This could be your first home or your next investment property or you are simply moving to a new location. 

 By giving you a free Price Finder property report at no cost to you. This is invaluable information when it is time for decision making. This report will show the recent sales in the Suburb as well as the demographics of the suburb, all of this can assist in the decision making process.

Simply email: report@channeldirect.com.au and give us the details of the property that you are interested in.

I have just received a welcome email from my RTO advising me that my assignments for the Diploma of Financial Services (Finance/Mortgage Broking Managment) were assessed as of  “a high standard, reflecting your professionalism and experience.”  I am looking forward to framing my Diploma once it arrives in the mail. 

As from 1st July 2010, brokers were required to register with ASIC as a prelude to mandatory licensing which comes into effect as from 1st January 2011.  No registration means that a broker is unable to “write” a home loan for a borrower.  With coming regulation under the National Consumer Credit Protection (NCCP) Laws more skill, expertise and experience will be required by brokers to meet the “responsible lending” guidelines. 

To engage in ongoing education is my way of ensuring that I can offer the professional skills required as a mortgage planner servicing the key areas of Newcastle, the Hunter, Lake Macquarie and Central Coast.

With the recent RBA increases, it is interesting to see that a decent margin still exists between the variable interest rate and fixed interest rates for 3 and 5 year terms.  It is also is worth noting that although this chart shows the average interest rate across the major lenders , it does not cover off on the variance between the banks’ offers.

Variable -V- Fixed Interest Rate Comparison

Buying your first home can certainly be a time of mixed emotions.  You are ready to start your property search and you have your home loan finance pre approval in place.  To avoid being confused, a little planning can go a long way.  So below are some simple tips that might help you get organised in finding that special property. 

• Physically look at a lot of places to gauge the quality and price.
• To avoid getting addresses confused with one another, take a criteria check-list with you and attach it to any advertising material you have. Keep a basic check e.g. No of bedrooms, bathrooms, garaging etc. You can also include your wish list and a ‘pro’s and con’s’ table.
• It can also help to take digital photos of the property. If the owner and real estate agent agree, this can help to jog your memory of what it looked like.
• If you’re looking at buying a unit or townhouse, consider common walls, the noise from the neighbours whether the grounds and the complex are kept clean and tidy; if security doors are operational; if there are restrictions on pets, parking and how the common areas are used; and the cost of body corporate fees. 

So, having done your homework on the property and with finance preapproval in place, you can make an offer and feel confident that you are paying fair market value.

If you live in Newcastle, Central Coast, Hunter, Lake Macquarie or Port Stephens Channel Direct Home Loans can help, just call 49716290 or email: loans@channeldirect.com.au for a no cost no obligation consultation

With today’s property prices on the increase, the end of the Boost to the First Home Owners Grant and tougher requirements by the lenders, First Home Buyers are finding it increasingly difficult to purchase their first home.  The key hurdle at the moment is coming up with a 10% deposit.  Of this amount 5% must be “genuine savings”.  In other words, they will not accept the First Home Owners Grant or any other form of gift or inheritance as the sole component of a mortgage deposit. The “genuine savings” requirement is explained as “three months savings” in any account saved in a consistent and regular pattern. 

The lender wants to see “hurt money” being put towards the purchase. If a borrower has made the necessary sacrifices needed to build a 5-10% deposit through genuine savings, the motivation is in place to make the mortgage work, no matter what.

Naturally, it’s not all roses as property prices can fall and interest rates rise; however, your first home can be seen as an almost unbeatable opportunity to force you to invest your own savings into a pot that, at the end of the day, is all yours. 

Some lenders have slight differences and it is worthwhile to do a proper assessment on each individual situation. So for more information, please contact Channel Direct Home Loans on 02 4971 6290 or email:  loans@channeldirect.com.au

Channel Direct Home loans have clients through the Hunter Valley,  Newcastle, Lake Macquarie, Central Coast & Port Stephens and can arrange to see you at a time and place convenient to you.