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First Home Buyer Tips Australia [Buying a house in 2024] 

Mortgage Broker Australia - Hunter Galloway
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📚 My Free Resource Hub & Education Community 👉 go.huntergalloway.com.au/hub
🤝 Need home-buying help? Work with us: www.huntergalloway.com.au/get...
📈 Find out your borrowing capacity today: www.huntergalloway.com.au/mor...
First Home Buyer Tips Australia, updated for 2024 to include the exact steps in buying a house and the most common mistakes being made right now.
00:00 First Home Buyer Tips Australia [Buying a house in 2024]
00:19 Pre-approvals are not a promise
03:48 Offset account sting
05:49 Get your negotiation game plan
07:34 Going to auction
09:11 What's your limit?
10:49 Missed a bill or two?
12:26 Make sure you do this one simple thing on the building and pest
14:05 Thinking of going to your bank, watch this
15:32 Wanting to fix your interest rate? Think again
17:39 Set up your mock mortgage
18:29 Crunch the numbers
19:17 Get your home buying team ready
20:22 Watch out for off the plan
22:30 Building first home mistakes
22:45 Lowest rate doesn't = best mortgage
For more info www.huntergalloway.com.au/ and www.huntergalloway.com.au/mor...
For home loan enquiries
jayden.vecchio@huntergalloway.com.au
Find Jayden here:
www.huntergalloway.com.au/fre...
/ mortgagebrokerbrisbane
www.huntergalloway.com.au/mor...
/ jaydenvecchio
T: 1300 088 065
E: hello@huntergalloway.com.au
Mortgage Broker Brisbane - Hunter Galloway
Head Office: 3 Latrobe Tce Paddington QLD 4064
PO Box 841, Paddington QLD 4064
CBD Office: Level 20, 300 Queen Street Brisbane, QLD 4000
Hunter Galloway are an Award Winning Mortgage Broker based in Brisbane. We help clients from our local area, Australia, and all over the world. We believe buying a home should be stress-free and uncomplicated, and we will work for you to make your dreams become reality.
Next steps and settling your first home
Our team here at Hunter Galloway is here to help you buy a home in Brisbane. Nathan & Joshua Vecchio are Senior Mortgage brokers who specialise in making your home journey easy.
Unlike other mortgage brokers who are just one person operators, we have an entire team of experts to help make your home loan journey as simple as possible.
If you want to get started, please get in touch and we can book a time that suits you - either a phone call information session or a face to face meeting (which doesn’t cost anything for you).
www.huntergalloway.com.au/con...
DISCLAIMER:
This video offers no Legal, Financial and Taxation advice, and the information contained is general and does not take into account your personal situation. The Listener acknowledges, consents and agrees to the viewing of the content presented on the Channel is subject to the full Disclaimer (below) and agrees to be unconditionally bound by this Disclaimer.
Full Disclaimer here - www.huntergalloway.com.au/you...

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1 авг 2024

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Комментарии : 135   
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
📚 My Free Resource Hub & Education Community 👉 go.huntergalloway.com.au/hub
@libbythomas5351
@libbythomas5351 3 года назад
I feel like a learner driver with instructors I can trust, thanks guys you are a blessing more than you know
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Wow, thank you!
@tessajones9393
@tessajones9393 3 года назад
Another great video! Perfect summary for first home buyers. Cheers! 💥🏋️‍♀️
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Glad you enjoyed it! cheers, Jayden.
@jst4ply
@jst4ply 2 года назад
One of the realist property advise on RU-vid, Thank you.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Our pleasure!
@ellie_ellie_ellie
@ellie_ellie_ellie 3 года назад
Great video! It was really helpful! Keep up the good work, mate!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Thanks for watching Ellie!
@lilariki3183
@lilariki3183 3 года назад
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
@MortgageBrokerAustralia 3 года назад
Our pleasure! Good luck with everything! Cheers, Jayden.
@lilariki3183
@lilariki3183 3 года назад
@@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
@financialplanningaustra2719
@financialplanningaustra2719 2 года назад
Absolutely incredible video. Now my all doubts are cleared. As, I am looking to buy a new house in Australia.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Glad it was helpful! Feel free to reach out if we can be of further assistance www.huntergalloway.com.au/contact/#
@Freestyle80
@Freestyle80 2 месяца назад
Thanks this was useful when I buy this year
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 месяца назад
Glad I could help
@freemantee
@freemantee 2 года назад
Huge points for the Fast Times at Ridgemont High reference!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks for watching Francis!
@buddyoldpal5055
@buddyoldpal5055 2 года назад
Thank you so much for these videos I love you guys
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks Jacko!
@sunnykel7573
@sunnykel7573 3 года назад
Great video, thank you
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Thanks for watching
@mohdshahnawaz3864
@mohdshahnawaz3864 3 года назад
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:)
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Much appreciated! Our pleasure :)
@BleeemoMusic
@BleeemoMusic 3 года назад
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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Hi Bleeemo Music, thank you so much for your kind words!!! 🙌 😊
@MrFLABSLAB
@MrFLABSLAB 3 года назад
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 👍🏻
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
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.
@BassLiberators
@BassLiberators 3 года назад
G'day, do you guys have the link for the Offset vs Redraw video you mentioned? Cheers :)
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Hey mate its www.huntergalloway.com.au/offset-account/#Is_a_redraw_facility_the_same_as_an_offset_account
@jenchen3669
@jenchen3669 2 года назад
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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
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/
@jenchen3669
@jenchen3669 2 года назад
@@MortgageBrokerAustralia I looked at the link, some great tips thanks!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks Jen, anytime!
@claudiad6855
@claudiad6855 Год назад
Hello!! Where is your video about offset account please? Just cant find it. Thank you
@MortgageBrokerAustralia
@MortgageBrokerAustralia Год назад
Thanks Claudia, please check out ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-V4jo7_7bH2A.html
@shawnfrank5303
@shawnfrank5303 Год назад
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 ?
@MortgageBrokerAustralia
@MortgageBrokerAustralia Год назад
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.
@shawnfrank5303
@shawnfrank5303 Год назад
@@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.
@moonboy5851
@moonboy5851 2 года назад
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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks for watching Moon, great point and makes it a challenge
@takaedzachirowodza601
@takaedzachirowodza601 3 года назад
In general what is the deposit required to buy a property? Is it a must to pay a deposit or its based on affordability.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
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.
@ethanjohn4029
@ethanjohn4029 2 года назад
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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
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
@Senninha1960
@Senninha1960 2 года назад
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??
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
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.
@shresthas5644
@shresthas5644 2 года назад
Hi there, are you also helping visa holders with the home buying process?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
We sure can!
@steverw86
@steverw86 3 года назад
​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.
@massimilianomarrazzo2392
@massimilianomarrazzo2392 3 года назад
Good question
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
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.
@heatherhall3452
@heatherhall3452 3 года назад
Okay who’s a good conveyancer?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Thanks Hannah, might be best to jump online to Google search one that has good reviews
@jacqepapara7898
@jacqepapara7898 2 года назад
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?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
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/ ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-QKQOKNBvVt4.html
@Steve211Ucdhihifvshi
@Steve211Ucdhihifvshi Год назад
So if you changed banks and closed that old account prior to applying say by 6 months. would that be better?
@MortgageBrokerAustralia
@MortgageBrokerAustralia Год назад
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.
@metcruza5536
@metcruza5536 3 года назад
Here's the tip: don't make talk to you many banks...that screws you credit rating !!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Great tip thanks mate!
@metcruza5536
@metcruza5536 3 года назад
@@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 ???
@tturi2
@tturi2 2 года назад
Man, I've made so many financial mistakes recently, not loans, just bad spending habits and bad budgeting recently 😕
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks for sharing and hopefully things get back on track!
@tturi2
@tturi2 2 года назад
@@MortgageBrokerAustralia what turned on the light bulb was needing to transfer money from my savings account
@goransvraka3171
@goransvraka3171 2 года назад
What about SUBJECT TO FINANCE???
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
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.
@heatherhall3452
@heatherhall3452 3 года назад
Do you only do brokerage in Brisbane?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Thanks Hannah, we help home buyers right around Australia!
@user-qj3ru5np4b
@user-qj3ru5np4b Год назад
Hi! Just read online that you guys don’t help with loans less than $400,000. Do you have any recommendations who would?
@MortgageBrokerAustralia
@MortgageBrokerAustralia Год назад
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.
@kidinacage
@kidinacage Год назад
What's the benefit a mortgage broker is receiving and from whom?
@MortgageBrokerAustralia
@MortgageBrokerAustralia Год назад
Mortgage brokers get paid by the banks
@meggalang5298
@meggalang5298 2 года назад
Is this the same in Sydney?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks Meg, 100%. Thanks for watching!
@yoenyoen3121
@yoenyoen3121 2 года назад
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?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks Yeon, great question. We have a bunch of videos that might help. Also check out: www.huntergalloway.com.au/resources/
@andrewjgrimm
@andrewjgrimm 3 года назад
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?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Yeah good one, we have a few videos on mortgage broker vs bank but will do another on soon! Thanks for the idea.
@MultiSagman
@MultiSagman 3 года назад
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.
@EagleAssassinchannel
@EagleAssassinchannel 3 года назад
Hey do u guys have any videos on First time renting
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Hey Eagle, we havent but will look at doing one in the next few months! thanks for the suggestion
@yoenyoen3121
@yoenyoen3121 2 года назад
if I saw an apartment around $400k how are the best ask offers and how to ask offers so as not offended people?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks Yeon, great question. We have a bunch of videos that might help. Also check out: www.huntergalloway.com.au/resources/
@massimilianomarrazzo2392
@massimilianomarrazzo2392 3 года назад
Guys, have you seen heaps of repossession mortgages due to covid issues so far?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
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
@sammyj6
@sammyj6 3 года назад
@@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
@anu7320
@anu7320 3 года назад
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
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Thanks for watching Anu, great question. Please try: How To Buy A Home In 2021 (STEP BY STEP TUTORIAL Australia) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE--41NsLMatyY.html Top Property Market Research Tips Everyone Should Know ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-KXVu9Lp0ogU.html
@anu7320
@anu7320 3 года назад
@@MortgageBrokerAustralia thank you so much
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
You're most welcome 😊
@jacqepapara7898
@jacqepapara7898 2 года назад
Hi are you talking about my NZ credit score or Australian?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks for watching Jacq, confirming: Australian
@jacqepapara7898
@jacqepapara7898 2 года назад
@@MortgageBrokerAustralia I’m a kiwi🇳🇿😁
@andrewjgrimm
@andrewjgrimm 3 года назад
Which link is the one for bucketing?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Sure thing the buckets are - www.huntergalloway.com.au/barefoot-investor-bank-accounts/
@TheLifeOfMrsH
@TheLifeOfMrsH 3 года назад
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
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
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
@asxstockinfo1102
@asxstockinfo1102 3 года назад
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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Thanks for watching ASX Stock Info!
@jaimeadrianbrizuela1435
@jaimeadrianbrizuela1435 Месяц назад
Is there an upfront fee to the broker?
@MortgageBrokerAustralia
@MortgageBrokerAustralia Месяц назад
No there is no fee for our services we are paid by the bank
@jaimeadrianbrizuela1435
@jaimeadrianbrizuela1435 Месяц назад
@@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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia Месяц назад
@@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/
@musicjuly3415
@musicjuly3415 10 месяцев назад
Offset is absolutely not the same as redraw. This is reckless financial advice that could cost people a lot.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 10 месяцев назад
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.
@christopherdriving6425
@christopherdriving6425 2 года назад
Banks are making it so hard that you don't want to buy a house because it's so stressful and U give up
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Great point, thanks for watching Chris!
@dsinghr
@dsinghr 2 года назад
I would not buy a property but keep renting. Peace of mind
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks for watching Banna!
@Steve211Ucdhihifvshi
@Steve211Ucdhihifvshi Год назад
So its pretty much easier to just save the cash up and buy a home with cash
@MortgageBrokerAustralia
@MortgageBrokerAustralia Год назад
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.
@Sam_James
@Sam_James 2 года назад
Does anyone know how they generally view crypto? Or is it more case by case dependant?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks Sam, that's right. More case by case, different also from lender to lender.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Get the 5 Best things I've found in the property and finance world every week - for free. hubs.ly/H0qHChB0
@hannahmatt7085
@hannahmatt7085 3 года назад
M,
@vincentchen3737
@vincentchen3737 3 года назад
Opp
@vincentchen3737
@vincentchen3737 3 года назад
P
@joshualowe1292
@joshualowe1292 2 года назад
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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks for sharing Josh!
@gerinx3994
@gerinx3994 3 года назад
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
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 года назад
Thanks for watching Gerin X 😊
@kyeldorries8283
@kyeldorries8283 2 года назад
Gist of the video is "instead of educating yourself pay someone to do it for you".
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks for watching Kyel!
@JJ-mc8lu
@JJ-mc8lu 2 года назад
Have you noticed how all the property spruikers ( I call them snake oil salesmen) have disappeared now the market has turned! Good riddance!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 года назад
Thanks J J for watching!
@user-qj3ru5np4b
@user-qj3ru5np4b Год назад
Hi! Just read online that you guys don’t help with loans less than $400,000. Do you have any recommendations who would?
@MortgageBrokerAustralia
@MortgageBrokerAustralia Год назад
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.
@user-qj3ru5np4b
@user-qj3ru5np4b Год назад
@@MortgageBrokerAustralia hi there! Ohh okay, sounds great!
@MortgageBrokerAustralia
@MortgageBrokerAustralia Год назад
Thank you!
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