Posts Tagged ‘Port Stephens’

 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 in Lake Macquarie, Newcastle, Central Coast, Hunter Valley, Maitland Cessnock or Port Stephens For the most recent capital growth reports on these areas Growth Report June 2011

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

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 in Nelson Bay 

 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.

 Information is a very powerful tool when it comes to purchasing  a  property. Do you have pre approved finance, do you know how much you can borrow, how much you can afford to repay, this is all very important information to have when you are looking to purchase.. Channel Direct can help you answer these questions

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

There is more to refinancing than meets the eye.  Let’s look at the three main drivers behind refinancing:

1. Debt consolidation.
2. Better interest rate
3. Release of equity

Let’s look at the release of equity. Most of my refinancing activity comes through my investor clients. Investors are starting to fill the gap that was created by first home buyers. They are building a little bit of equity in their property and then refinancing so that they can buy another property.  It is like “leap frogging” into the next property.  Your equity provides the deposit and costs for the investment property. These funds are tax deductible, as it is the purpose of the funds that the ATO looks at rather than the security offered.

Releasing equity is a great way to start building your property portfolio.

If you have property in Lake Macquarie, Newcastle, Cessnock, Maitland, Central Coast or Port Stephens  and would like a no cost Rp Data property report just follow the link below

 No cost Rp Data Property Report

Figures just released by Rp Data show that the top performing suburbs in the Newcastle LGA  for the first quarter of 2010 were:        

Lambton Median Growth Graph

New Lambton 37%   Elermotre Vale 11%   Lambton 9%   Waratah West 9%   Merewether 6%   New Lambton Heights 6%

Channel Direct Home Loans offer anyone considering investing or buying another property a FREE Rp Data report valued at $89.95  by following  this link  and providing the details of the property.

From the latest report many suburbs within the Hunter Valley, Lake Maquarie, Central Coast and Port Stephens had capital growth in the first quarter of 2010. If you would like to know how you property or suburb performed follow the “free property report” link to receive a copy 

Now as we enter a new financial year it may be time to consider  entering into property as an investment, may be you would like to look at  property in you own area. 

Channel Direct Home Loans offer an obligation free consultation and can assist you should you wish to consider this option to wealth creation.

Get your free report here

Free Property Report

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.