Let's start with a caveat: what's best for you will depend on your unique situation. You're welcome to get in touch with us for expert guidance.
An Offset account operates like a transaction account, with one difference - the funds in your offset account are 'offset' against the balance of your loan. Interest is calculated against this lesser amount, so the more funds in your offset account, the less interest you pay. To maximise the interest-saving benefits you may want to have your salary deposited straight to your offset account, and/or any big one-off payments.
A Redraw facility on the other hand, allows you to make additional repayments on your loan, which you can then access later if you need to (for renovations, holidays, purchasing a car, emergencies).
Both of these options have distinct advantages and disadvantages.
It all comes down to being smart about how to use them and being aware of all the fees, exceptions and tax implications (speak to your accountant on all tax matters)! 📲🏡
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Conveyancing is the legal process of transferring a land title from one owner to another, and it can be quite a process!
We absolutely recommend you enlist the help of a professional conveyancer to navigate through the red tape, and ensure you're protected throughout the property transaction.
We work with several local conveyancers, and can recommend one who'll make sure all the T's are crossed and I's are dotted.
Keep in mind a conveyancer and the various government fees will cost anywhere between $1k - $3k, so something to factor into your plans! 📲🏡
#bestinterestbrokers #mortgagebrokers #mortgage #broker #finance #interestrates #HomeLoans #businessloans #BridgingLoans #constructionloans #SMSFLoans #equipmentfinance #personalloans #refinancing #purchasing #investing #homeownership #lendingexperts #northernbeachesmums #nswproperty #nswrealestate #goldcoastmums #qldrealestate #queenslandhomes #accountants
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"Wealth is not about having a lot of money; it's about having a lot of options" - Chris Rock
When you work with us, you'll have so many more options than if you were to go direct to a bank or lender.
We have access to over 50 lenders on our panel, and outstanding systems to help you understand your options.
Let's chat! 📲🏡
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Conventional wisdom often proves to be anything but smart, and when it comes to the world of finance there are plenty of questionable ideas floating about that often go unquestioned.
We’re big believers that knowledge is power, which is why we love helping people bypass the noise to uncover the best course of action for their specific scenario.
After all, what worked for your neighbour's Uncle's boss won't necessarily be the best option for you! 😉
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If you've got plans to secure a home loan, then one of the most important pieces of advice we can give you is to start the process early.
Imagine getting to crunch time and missing out on your dream property because your finance isn't sorted, or having to go with your third choice of lender purely because they're the only ones who'll approve you in time. It happens!
Getting in touch with us sooner, rather than later, also means we can help you create the best impression with the lender - this preparation will ideally start months before you apply.
So, what are you waiting for? Get in touch and let's get started! 📲🏡
#bestinterestbrokers #mortgagebrokers #mortgage #broker #finance #interestrates #HomeLoans #businessloans #BridgingLoans #constructionloans #SMSFLoans #equipmentfinance #personalloans #refinancing #purchasing #investing #homeownership #lendingexperts #northernbeachesmums #nswproperty #nswrealestate #goldcoastmums #qldrealestate #queenslandhomes #accountants
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