These guys are incredible. They've just helped us to secure a loan for our first home and they made the experience so easy. To anyone reading this that is about to begin the journey of home ownership, you need to get in touch with these guys, they will make the journey easier and their expertise is priceless.
Thanks guys - I am currently going through it now, waiting for the bank to approve the pre approved stage. Thank you for this awareness guys- appreciate you guys 🤙🏾.
@@MortgageBrokerAustralia thanks Jayden - we local if only we found you guys earlier, but I’ll definitely refer your services to family and mates. Cheers, Lila
Hey guys, thanks for all this information, super informative! In regards to transfers that lenders would judge from your bank accounts: how would lenders view transfers to investment trading platforms such as eToro, SealthWealth etc? Would it be beneficial to withdraw those available funds prior to lodging an application? Or would you provide screenshots of your portfolio/holdings? Thanks again 👍🏻
Hi Calum, both are investment platforms from my understanding? Often times shares can be considered genuine savings if held for more than three months. So long as you have statements to show the account balance then you wouldn't necessarily need to withdraw the money.
Absolutely loved this video. As a fellow Aussie i really appreciate your efforts mate. Thank you Thank you Thank you so much for this valuable information Hunter Galloway:)
thank you for your tips! these are super helpful for a prospective first home buyer in SA. I wanted to know whether you would recommend/discourage people to buy a townhouse? As these tend to be more affordable and smaller than a house.
Thanks Jen, great question. I think it's a personal preference. Houses do tend to appreciate more than say units/townhouses (talking very general high level). But at the same time, units/townhouses might allow you to get in a better location compared with what you might be able to afford a house. Might be worth checking out: www.huntergalloway.com.au/mistakes-first-home-buyers-brisbane/
Legends! About to buy my first home, loan not yet approved yet my broker says my servicing is great... can I put deposits down subject to inspection and approval or best to wait??
Thanks Kent, great question. Might be best to check with your broker. They'll have a good idea how you are position and if you should wait or put down deposits.
@@MortgageBrokerAustralia And I'll go one better. NO financial institution advises a potential lender that making an application for credit may impact of their credit score .....so there is a lack of transparency ! Also check your credit file. I found a few errors on mine and they are not quick to get sorted. Check out Equifax reviews on Google. 1 star that's it in over 300 ratings. Tell you something ???
What if you have NFI where you want to live? City, country, South, tropical North? We can work from anywhere so it’s driving me nuts making a decision.
Nice video, I had two questions. 1 - on a more recent video, you mentioned about the benefits of a using an offset account to make payments quicker, however here you suggest it is better to use a redraw account - has anything changed ? 2 - You mentioned around the minute 6 mark about a video on doing your research when buying a property, can you link to that please ?
Thanks for watching Shawn, www.walkscore.com/AU-QLD/Brisbane www.realestate.com.au/sold/ Redraw and offset facilities are both features associated with mortgage products in Australia. They both allow borrowers to reduce the interest payable on their home loans and potentially shorten the loan term. However, they function differently and may suit different borrowers based on their financial goals and preferences. Redraw Facility: A redraw facility allows borrowers to make additional repayments on their home loan, which reduces the principal amount and subsequently the interest charged. With a redraw facility, you can access those extra repayments if you need the funds at a later date. The main benefit of a redraw facility is the potential to reduce your interest costs and shorten the loan term. This feature may suit borrowers who have irregular income or want a more flexible option for accessing additional repayments in case of emergencies. Offset Account: An offset account is a separate transaction account linked to your mortgage. The balance in the offset account reduces the mortgage principal on which interest is calculated, thus lowering the interest payable on the loan. For example, if you have a $300,000 mortgage and $20,000 in your offset account, you'll only be charged interest on $280,000. This feature might be better suited to borrowers who want a more accessible and straightforward way to reduce their interest costs, as the money in the offset account can be easily accessed like a regular transaction account. Choosing between redraw and offset: Financial goals: If you're focused on reducing interest costs and don't need easy access to extra funds, a redraw facility might be more suitable. If you prefer to have easy access to your funds and want a more straightforward way to reduce interest costs, an offset account could be better. Access to funds: A redraw facility might be more restrictive in terms of accessing additional repayments, as it may have fees or limits on the number of redraws allowed. An offset account offers easier access to funds, as it functions like a regular transaction account. Tax implications: The tax implications of using a redraw facility or an offset account may differ, particularly for investment properties. It's essential to consult a tax professional to understand which option would be more tax-effective for your situation. Fees and charges: Offset accounts often come with higher fees or require a minimum balance to be effective, while redraw facilities may have lower fees or no fees at all. Ultimately, the choice between a redraw facility and an offset account will depend on your financial goals, preferences, and personal circumstances.
@@MortgageBrokerAustralia Thanks a lot guys .. really appreciate the time taken to give me such a detailed reply. I definitely will look to give y'all a call sometime in the future when I'm planning to buy a property.
Hi guys my daughter is looking at a key start loan they are offering a land and house package build, 2% deposit they are suggesting she get a fixed rate but she’s looking to pay extra on her mortgage and a fixed rate doesn’t allow this. Should she get a variable instead or both? Although it makes sense to try and get a low fixed rate as the interest rates are still rising?
Thanks Jacq, that's a great question and hard to answer. Really depends on what she's after. She can look at a few options, 1 - fix 100% in, 2 - variable 100% or 3 - part fixed and part variable. Please also check out: www.huntergalloway.com.au/fixed-interest-rates/ www.huntergalloway.com.au/hub/get-the-right-home-loan/choice/ th-cam.com/video/QKQOKNBvVt4/w-d-xo.html
Thanks Ethan, you're most welcome. We do, as mortgage brokers we work with a range of lenders and there is no costs for our service. Feel free to reach out with us here: www.huntergalloway.com.au/ under free assessment
Hey Steve, I haven't used it but we did a brief write up on it in our article - www.huntergalloway.com.au/buying-at-auction/ Genuine Time Online Auction The auctioneer will virtually oversee the auction which has both a start and finish time, pretty much like selling on eBay with a clock counting down. There is a minimum bid increase set by the sellers, with 5 minutes to go the winning bidder (i.e who has offered the most) is publicly announced. If someone bids above this, it extends the deadline by 5 minutes… and if there is 1 minute to go on the clock, and someone bids it extends another 5 minutes. An example of this is SoldOnline, and Openn Negotiation.
I am actually thinking of lunching a petition to have some kind of rules around this malpractice by real estate agents. End of the they their actions is giving people wrong impression. There must be some rules around what they can and cannot do. I have been to so many opening where i couldn't obtain basic information like what is total floor area ? And they never got back to me with information. I am waiting for strata cost on a house i inpected months ago. I agree, i have option to not buy but end of the day trick will work on 1 out of 100 people. This one person will pay for what ever reason and that will become market value for the surrounding area. Unlike , millions of regulations on mortgage broker, i think its a time to crack down on real estate agents about their practice.
Hi user-qj! I understand that you read online about our previous loan limit of $400,000 and this was due to staff shortages. I'm happy to inform you that the loan limit no longer applies, and we can assist you with loans of any amount. If you have any further questions or would like to discuss your loan requirements, please feel free to reach out to us at www.huntergalloway.com.au/contact/. We'll be more than happy to assist you.
If you're considering making any changes to your banking situation, it's always a good idea to consult with a mortgage broker to ensure that you're making the best decision for your individual circumstances. As changing banks could mean that you have to provide additional documentation to the lender, which could further delay the loan application process. As lenders typically look at your banking history over a 3 - 6 month period of time.
Some states/territories will allow a finance clause for sales via private treaty. However, auctions are unconditional with no finance clause. Best to check with your solicitor / conveyancer / settlement agent prior to making an offer.
i want buy my first home buyer but only can choose 2 place between moriset and auburn nsw but i work in city which do you choose? nice apartment in moriset or auburn 1.5 hours close to work then moriset? my money 400k can't buy a house close to city less then 3 hours T_T . which surburs do you chooce if you have money 400k, liverpool, auburn, gosford, moriset, cabramatta?
15:00 Might be good to give a talk about why mortgage brokers are useful. I used to be of the mentality that they’re a middleman, they get a commission from the bank, who needs them?
I second that, ive been fucked around with our broker once before, lack of communication, and for a first home buyer didnt really explain the best options for us.
@@MortgageBrokerAustralia Thank you for your reply. Could you please tell what is the current mortgage interest rate? I ask one of the broker and advised that the competitive interest rate is 6.30%. As I am a Nurse, there is a LMI waive in the Bank of Melbourne. Could you please confirm that. Thank you.
@@jaimeadrianbrizuela1435 yes that is about what you would expect for a 10% deposit loan as a nurse with Bank of Melbourne, Westpac might be a little bit lower if you want a second opinion hit us up - www.huntergalloway.com.au/get-free-assessment/
@@MortgageBrokerAustralia Will be interesting to see what happens when Job Keeper finishes up this month. Not sure what percentage of population are on it but could impact things moving forward
Ok we are going to do research from tomorrow to buy homes. Can you recommend step by step things that needs to be done. Can you suggest links and videos plz. We both are puzzled about what to do next
Thanks for watching Anu, great question. Please try: How To Buy A Home In 2021 (STEP BY STEP TUTORIAL Australia) th-cam.com/video/-41NsLMatyY/w-d-xo.html Top Property Market Research Tips Everyone Should Know th-cam.com/video/KXVu9Lp0ogU/w-d-xo.html
“When I got my first place” looool how much money did you inherit no way someone in their 20s 30s can have more than 1 home unless you got serious cash inheritance, from watching your video literally all I can afford is some place WAAAAAY out of the cbd and I’m talking 1.5 to 2 hour drive to work every day
Thanks for watching! While it may seem like buying a home with cash is the easiest option, it's important to consider all your options before making a decision. A mortgage can actually be a helpful tool in building wealth and increasing your financial flexibility. A mortgage can also allow you to purchase a home sooner than if you were saving up cash, which can be especially important in a competitive housing market. If you're interested in exploring your mortgage options, please don't hesitate to contact us.
I'm sorry for any confusion or concern that may have arisen from the statement about offset and redraw features. You're correct; offset and redraw are not the same and serve different purposes. Each has its own advantages and disadvantages, and they operate differently when it comes to home loans. An offset account is essentially a separate bank account that's linked to your mortgage. The money in this account 'offsets' the amount you owe on your mortgage, reducing the amount of interest you pay. A redraw facility, on the other hand, allows you to make extra payments into your mortgage account, reducing your loan balance and therefore your interest. However, you can 'redraw' these extra payments if you need to, subject to the terms and conditions of your loan. I apologise for any misinformation and thank you for bringing this to our attention. It's important to understand the specifics of these features to make informed financial decisions.
Just a quick question, me and my husband are older first time buyers (40) and both self employed, he is the main income earner while I look for full time work but as being self employed would this effect us as most his customers are older and still pay with cash not bank transfer? Also I’m a resident and he is a citizen and we have been told we won’t be eligible for the first home buyers grant. Just wondering if you can give some input before getting our hopes up of buying
Thanks LL, the age factor wont' be an issue. Being self employed, we'd need to see the financials and undertake an assessment based off that. Provided you are eligible the grants, schemes and concessions will still be a available
Your credit history is useless, I had a 840 score until I paid of my personal loans and credit cards, as soon as I cancelled them, BOOM my score dropped to 700.
Oh I know a lot of things no one tells you and property gurus deceive people to get their money, telling them only a few things about how to buy a house. I know all about buying a house and I had to figure a lot of it out on my own because the property gurus I stupidly involved myself with Only told half truths and didn’t care. I hate them and wish they would stop being so disingenuous
Hi user-qj! I understand that you read online about our previous loan limit of $400,000 and this was due to staff shortages. I'm happy to inform you that the loan limit no longer applies, and we can assist you with loans of any amount. If you have any further questions or would like to discuss your loan requirements, please feel free to reach out to us at www.huntergalloway.com.au/contact/. We'll be more than happy to assist you.
![กี่หมื่นฟ้า | Your Sky Series EP.1 [1/4]](http://i.ytimg.com/vi/vLGjxFL6U_I/mqdefault.jpg)
![ลองสุ่มไอโฟน 990 โกงมั้ย? [ โกงมั้ยครับ ep.101 ] | DOM](http://i.ytimg.com/vi/bfsWe0j492k/mqdefault.jpg)
📚 My Free Resource Hub & Education Community 👉 go.huntergalloway.com.au/hub
I feel like a learner driver with instructors I can trust, thanks guys you are a blessing more than you know
Wow, thank you!
These guys are incredible. They've just helped us to secure a loan for our first home and they made the experience so easy. To anyone reading this that is about to begin the journey of home ownership, you need to get in touch with these guys, they will make the journey easier and their expertise is priceless.
Hi Bleeemo Music, thank you so much for your kind words!!! 🙌 😊
Thanks guys - I am currently going through it now, waiting for the bank to approve the pre approved stage. Thank you for this awareness guys- appreciate you guys 🤙🏾.
Our pleasure! Good luck with everything! Cheers, Jayden.
@@MortgageBrokerAustralia thanks Jayden - we local if only we found you guys earlier, but I’ll definitely refer your services to family and mates. Cheers, Lila
After a couple of days of searching.. found the perfect video! Thanks guys, huge help
Hahah thanks for watching appreciate that
One of the realist property advise on TH-cam, Thank you.
Our pleasure!
Another great video! Perfect summary for first home buyers. Cheers! 💥🏋️♀️
Glad you enjoyed it! cheers, Jayden.
Absolutely incredible video. Now my all doubts are cleared. As, I am looking to buy a new house in Australia.
Glad it was helpful! Feel free to reach out if we can be of further assistance www.huntergalloway.com.au/contact/#
Hey guys, thanks for all this information, super informative! In regards to transfers that lenders would judge from your bank accounts: how would lenders view transfers to investment trading platforms such as eToro, SealthWealth etc? Would it be beneficial to withdraw those available funds prior to lodging an application? Or would you provide screenshots of your portfolio/holdings? Thanks again 👍🏻
Hi Calum, both are investment platforms from my understanding? Often times shares can be considered genuine savings if held for more than three months. So long as you have statements to show the account balance then you wouldn't necessarily need to withdraw the money.
Huge points for the Fast Times at Ridgemont High reference!
Thanks for watching Francis!
Thanks this was useful when I buy this year
Glad I could help
Absolutely loved this video. As a fellow Aussie i really appreciate your efforts mate. Thank you Thank you Thank you so much for this valuable information Hunter Galloway:)
Much appreciated! Our pleasure :)
Great video! It was really helpful! Keep up the good work, mate!
Thanks for watching Ellie!
thank you for your tips! these are super helpful for a prospective first home buyer in SA. I wanted to know whether you would recommend/discourage people to buy a townhouse? As these tend to be more affordable and smaller than a house.
Thanks Jen, great question. I think it's a personal preference. Houses do tend to appreciate more than say units/townhouses (talking very general high level). But at the same time, units/townhouses might allow you to get in a better location compared with what you might be able to afford a house. Might be worth checking out: www.huntergalloway.com.au/mistakes-first-home-buyers-brisbane/
@@MortgageBrokerAustralia I looked at the link, some great tips thanks!
Thanks Jen, anytime!
G'day, do you guys have the link for the Offset vs Redraw video you mentioned?
Cheers :)
Hey mate its www.huntergalloway.com.au/offset-account/#Is_a_redraw_facility_the_same_as_an_offset_account
thank you guys for the tips.
Thanks for watching!
Man, I've made so many financial mistakes recently, not loans, just bad spending habits and bad budgeting recently 😕
Thanks for sharing and hopefully things get back on track!
@@MortgageBrokerAustralia what turned on the light bulb was needing to transfer money from my savings account
Hello!! Where is your video about offset account please? Just cant find it. Thank you
Thanks Claudia, please check out th-cam.com/video/V4jo7_7bH2A/w-d-xo.html
Thank you so much for these videos I love you guys
Thanks Jacko!
Legends! About to buy my first home, loan not yet approved yet my broker says my servicing is great... can I put deposits down subject to inspection and approval or best to wait??
Thanks Kent, great question. Might be best to check with your broker. They'll have a good idea how you are position and if you should wait or put down deposits.
Here's the tip: don't make talk to you many banks...that screws you credit rating !!
Great tip thanks mate!
@@MortgageBrokerAustralia And I'll go one better. NO financial institution advises a potential lender that making an application for credit may impact of their credit score .....so there is a lack of transparency !
Also check your credit file. I found a few errors on mine and they are not quick to get sorted. Check out Equifax reviews on Google. 1 star that's it in over 300 ratings. Tell you something ???
What if you have NFI where you want to live? City, country, South, tropical North? We can work from anywhere so it’s driving me nuts making a decision.
Thanks for watching Moon, great point and makes it a challenge
Great video, thank you
Thanks for watching
Nice video, I had two questions. 1 - on a more recent video, you mentioned about the benefits of a using an offset account to make payments quicker, however here you suggest it is better to use a redraw account - has anything changed ? 2 - You mentioned around the minute 6 mark about a video on doing your research when buying a property, can you link to that please ?
Thanks for watching Shawn,
www.walkscore.com/AU-QLD/Brisbane
www.realestate.com.au/sold/
Redraw and offset facilities are both features associated with mortgage products in Australia. They both allow borrowers to reduce the interest payable on their home loans and potentially shorten the loan term. However, they function differently and may suit different borrowers based on their financial goals and preferences.
Redraw Facility:
A redraw facility allows borrowers to make additional repayments on their home loan, which reduces the principal amount and subsequently the interest charged. With a redraw facility, you can access those extra repayments if you need the funds at a later date. The main benefit of a redraw facility is the potential to reduce your interest costs and shorten the loan term. This feature may suit borrowers who have irregular income or want a more flexible option for accessing additional repayments in case of emergencies.
Offset Account:
An offset account is a separate transaction account linked to your mortgage. The balance in the offset account reduces the mortgage principal on which interest is calculated, thus lowering the interest payable on the loan. For example, if you have a $300,000 mortgage and $20,000 in your offset account, you'll only be charged interest on $280,000. This feature might be better suited to borrowers who want a more accessible and straightforward way to reduce their interest costs, as the money in the offset account can be easily accessed like a regular transaction account.
Choosing between redraw and offset:
Financial goals: If you're focused on reducing interest costs and don't need easy access to extra funds, a redraw facility might be more suitable. If you prefer to have easy access to your funds and want a more straightforward way to reduce interest costs, an offset account could be better.
Access to funds: A redraw facility might be more restrictive in terms of accessing additional repayments, as it may have fees or limits on the number of redraws allowed. An offset account offers easier access to funds, as it functions like a regular transaction account.
Tax implications: The tax implications of using a redraw facility or an offset account may differ, particularly for investment properties. It's essential to consult a tax professional to understand which option would be more tax-effective for your situation.
Fees and charges: Offset accounts often come with higher fees or require a minimum balance to be effective, while redraw facilities may have lower fees or no fees at all.
Ultimately, the choice between a redraw facility and an offset account will depend on your financial goals, preferences, and personal circumstances.
@@MortgageBrokerAustralia Thanks a lot guys .. really appreciate the time taken to give me such a detailed reply. I definitely will look to give y'all a call sometime in the future when I'm planning to buy a property.
Okay who’s a good conveyancer?
Thanks Hannah, might be best to jump online to Google search one that has good reviews
In general what is the deposit required to buy a property? Is it a must to pay a deposit or its based on affordability.
Thanks Takaedza, it's based both on borrowing power and deposit. Generally the banks are after a deposit between 8 - 9% of the property value.
Hi there, are you also helping visa holders with the home buying process?
We sure can!
Hi guys my daughter is looking at a key start loan they are offering a land and house package build, 2% deposit they are suggesting she get a fixed rate but she’s looking to pay extra on her mortgage and a fixed rate doesn’t allow this. Should she get a variable instead or both? Although it makes sense to try and get a low fixed rate as the interest rates are still rising?
Thanks Jacq, that's a great question and hard to answer. Really depends on what she's after. She can look at a few options, 1 - fix 100% in, 2 - variable 100% or 3 - part fixed and part variable. Please also check out:
www.huntergalloway.com.au/fixed-interest-rates/
www.huntergalloway.com.au/hub/get-the-right-home-loan/choice/
th-cam.com/video/QKQOKNBvVt4/w-d-xo.html
very helpful tips, as a first home buyer it is really gonna help me out. by the way do you know any home loan providers in Australia.
Thanks Ethan, you're most welcome. We do, as mortgage brokers we work with a range of lenders and there is no costs for our service. Feel free to reach out with us here: www.huntergalloway.com.au/ under free assessment
Is this the same in Sydney?
Thanks Meg, 100%. Thanks for watching!
Have either of you had experience with the website openn? its an auction site. I am hesitant to make a bid on a property I liek on there.
Good question
Hey Steve, I haven't used it but we did a brief write up on it in our article -
www.huntergalloway.com.au/buying-at-auction/
Genuine Time Online Auction
The auctioneer will virtually oversee the auction which has both a start and finish time, pretty much like selling on eBay with a clock counting down.
There is a minimum bid increase set by the sellers, with 5 minutes to go the winning bidder (i.e who has offered the most) is publicly announced.
If someone bids above this, it extends the deadline by 5 minutes… and if there is 1 minute to go on the clock, and someone bids it extends another 5 minutes.
An example of this is SoldOnline, and Openn Negotiation.
I am actually thinking of lunching a petition to have some kind of rules around this malpractice by real estate agents. End of the they their actions is giving people wrong impression. There must be some rules around what they can and cannot do. I have been to so many opening where i couldn't obtain basic information like what is total floor area ? And they never got back to me with information. I am waiting for strata cost on a house i inpected months ago. I agree, i have option to not buy but end of the day trick will work on 1 out of 100 people. This one person will pay for what ever reason and that will become market value for the surrounding area. Unlike , millions of regulations on mortgage broker, i think its a time to crack down on real estate agents about their practice.
Thanks for watching ASX Stock Info!
Hi! Just read online that you guys don’t help with loans less than $400,000. Do you have any recommendations who would?
Hi user-qj! I understand that you read online about our previous loan limit of $400,000 and this was due to staff shortages. I'm happy to inform you that the loan limit no longer applies, and we can assist you with loans of any amount. If you have any further questions or would like to discuss your loan requirements, please feel free to reach out to us at www.huntergalloway.com.au/contact/. We'll be more than happy to assist you.
So if you changed banks and closed that old account prior to applying say by 6 months. would that be better?
If you're considering making any changes to your banking situation, it's always a good idea to consult with a mortgage broker to ensure that you're making the best decision for your individual circumstances. As changing banks could mean that you have to provide additional documentation to the lender, which could further delay the loan application process. As lenders typically look at your banking history over a 3 - 6 month period of time.
if I saw an apartment around $400k how are the best ask offers and how to ask offers so as not offended people?
Thanks Yeon, great question. We have a bunch of videos that might help. Also check out: www.huntergalloway.com.au/resources/
What's the benefit a mortgage broker is receiving and from whom?
Mortgage brokers get paid by the banks
What about SUBJECT TO FINANCE???
Some states/territories will allow a finance clause for sales via private treaty. However, auctions are unconditional with no finance clause. Best to check with your solicitor / conveyancer / settlement agent prior to making an offer.
Do you only do brokerage in Brisbane?
Thanks Hannah, we help home buyers right around Australia!
i want buy my first home buyer but only can choose 2 place between moriset and auburn nsw but i work in city which do you choose? nice apartment in moriset or auburn 1.5 hours close to work then moriset? my money 400k can't buy a house close to city less then 3 hours T_T . which surburs do you chooce if you have money 400k, liverpool, auburn, gosford, moriset, cabramatta?
Thanks Yeon, great question. We have a bunch of videos that might help. Also check out: www.huntergalloway.com.au/resources/
Banks are making it so hard that you don't want to buy a house because it's so stressful and U give up
Great point, thanks for watching Chris!
15:00 Might be good to give a talk about why mortgage brokers are useful. I used to be of the mentality that they’re a middleman, they get a commission from the bank, who needs them?
Yeah good one, we have a few videos on mortgage broker vs bank but will do another on soon! Thanks for the idea.
I second that, ive been fucked around with our broker once before, lack of communication, and for a first home buyer didnt really explain the best options for us.
Is there an upfront fee to the broker?
No there is no fee for our services we are paid by the bank
@@MortgageBrokerAustralia Thank you for your reply. Could you please tell what is the current mortgage interest rate? I ask one of the broker and advised that the competitive interest rate is 6.30%. As I am a Nurse, there is a LMI waive in the Bank of Melbourne. Could you please confirm that. Thank you.
@@jaimeadrianbrizuela1435 yes that is about what you would expect for a 10% deposit loan as a nurse with Bank of Melbourne, Westpac might be a little bit lower if you want a second opinion hit us up - www.huntergalloway.com.au/get-free-assessment/
Hi are you talking about my NZ credit score or Australian?
Thanks for watching Jacq, confirming: Australian
@@MortgageBrokerAustralia I’m a kiwi🇳🇿😁
Guys, have you seen heaps of repossession mortgages due to covid issues so far?
Hey Massimiliano, not yet with the loan deferrals mortgage stress is at all time lows so not much in way of forced sales from what we're seeling
@@MortgageBrokerAustralia Will be interesting to see what happens when Job Keeper finishes up this month. Not sure what percentage of population are on it but could impact things moving forward
Ok we are going to do research from tomorrow to buy homes. Can you recommend step by step things that needs to be done. Can you suggest links and videos plz. We both are puzzled about what to do next
Thanks for watching Anu, great question. Please try:
How To Buy A Home In 2021 (STEP BY STEP TUTORIAL Australia)
th-cam.com/video/-41NsLMatyY/w-d-xo.html
Top Property Market Research Tips Everyone Should Know
th-cam.com/video/KXVu9Lp0ogU/w-d-xo.html
@@MortgageBrokerAustralia thank you so much
You're most welcome 😊
Hey do u guys have any videos on First time renting
Hey Eagle, we havent but will look at doing one in the next few months! thanks for the suggestion
I would not buy a property but keep renting. Peace of mind
Thanks for watching Banna!
“When I got my first place” looool how much money did you inherit no way someone in their 20s 30s can have more than 1 home unless you got serious cash inheritance, from watching your video literally all I can afford is some place WAAAAAY out of the cbd and I’m talking 1.5 to 2 hour drive to work every day
Which link is the one for bucketing?
Sure thing the buckets are - www.huntergalloway.com.au/barefoot-investor-bank-accounts/
So its pretty much easier to just save the cash up and buy a home with cash
Thanks for watching! While it may seem like buying a home with cash is the easiest option, it's important to consider all your options before making a decision. A mortgage can actually be a helpful tool in building wealth and increasing your financial flexibility. A mortgage can also allow you to purchase a home sooner than if you were saving up cash, which can be especially important in a competitive housing market. If you're interested in exploring your mortgage options, please don't hesitate to contact us.
Offset is absolutely not the same as redraw. This is reckless financial advice that could cost people a lot.
I'm sorry for any confusion or concern that may have arisen from the statement about offset and redraw features. You're correct; offset and redraw are not the same and serve different purposes. Each has its own advantages and disadvantages, and they operate differently when it comes to home loans.
An offset account is essentially a separate bank account that's linked to your mortgage. The money in this account 'offsets' the amount you owe on your mortgage, reducing the amount of interest you pay.
A redraw facility, on the other hand, allows you to make extra payments into your mortgage account, reducing your loan balance and therefore your interest. However, you can 'redraw' these extra payments if you need to, subject to the terms and conditions of your loan.
I apologise for any misinformation and thank you for bringing this to our attention. It's important to understand the specifics of these features to make informed financial decisions.
Does anyone know how they generally view crypto? Or is it more case by case dependant?
Thanks Sam, that's right. More case by case, different also from lender to lender.
Just a quick question, me and my husband are older first time buyers (40) and both self employed, he is the main income earner while I look for full time work but as being self employed would this effect us as most his customers are older and still pay with cash not bank transfer? Also I’m a resident and he is a citizen and we have been told we won’t be eligible for the first home buyers grant.
Just wondering if you can give some input before getting our hopes up of buying
Thanks LL, the age factor wont' be an issue. Being self employed, we'd need to see the financials and undertake an assessment based off that. Provided you are eligible the grants, schemes and concessions will still be a available
Your credit history is useless, I had a 840 score until I paid of my personal loans and credit cards, as soon as I cancelled them, BOOM my score dropped to 700.
Thanks for sharing Josh!
Gist of the video is "instead of educating yourself pay someone to do it for you".
Thanks for watching Kyel!
Oh I know a lot of things no one tells you and property gurus deceive people to get their money, telling them only a few things about how to buy a house. I know all about buying a house and I had to figure a lot of it out on my own because the property gurus I stupidly involved myself with Only told half truths and didn’t care. I hate them and wish they would stop being so disingenuous
Thanks for watching Gerin X 😊
Have you noticed how all the property spruikers ( I call them snake oil salesmen) have disappeared now the market has turned! Good riddance!
Thanks J J for watching!
Get the 5 Best things I've found in the property and finance world every week - for free. hubs.ly/H0qHChB0
M,
Opp
P
Hi! Just read online that you guys don’t help with loans less than $400,000. Do you have any recommendations who would?
Hi user-qj! I understand that you read online about our previous loan limit of $400,000 and this was due to staff shortages. I'm happy to inform you that the loan limit no longer applies, and we can assist you with loans of any amount. If you have any further questions or would like to discuss your loan requirements, please feel free to reach out to us at www.huntergalloway.com.au/contact/. We'll be more than happy to assist you.
@@MortgageBrokerAustralia hi there! Ohh okay, sounds great!
Thank you!