Property News Australia.com.au

Obtaining the best deal on Home Loans - Mortgages and Interest Rates in Australia

Currently, anyone who has a mortgage understands just how important it is to obtain the best deal possible with the banks. By carefully comparing and refinancing your current loan(s) you could save thousands of dollars off your mortgage, reduce monthly repayments and mortgage stress.

Below is a list of lenders, brokers and financial advisory services that may assist you with refinancing, reducing your current interest rate, mortgage and monthly repayments.

Xinc Finance Brokers
Rate Detective
Your Mortgage
My Rate Home Loans

*Please seek legal or qualified financial advice when refinancing

More than ever, its important to manage your morgage and get the best rate possible.

Take the hassle out of finding home loans, personal loans, credit cards and insurance packages online at rate detective. We help you to locate the most suitable product by comparing a range of financial products and services.

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Building approvals fell more than expected in August and the lack of building will force rents and house prices higher amid a lack of supply, AAP reports.

Building approvals fell 1.7 per cent to 12,751 units in August, seasonally adjusted, from a downwardly revised 12,974 units in July, the Australian Bureau of Statistics said today.

Over the year to August, building approvals fell 0.1 per cent.

UBS senior economist Adam Carr said housing construction was below national needs, and would drive up housing costs.
Higher rents and house prices would likely to add to inflation and force interest rates higher, Mr Carr said. He predicted interest rates would rise again in February, after nine rate rises in just five years.
APM’s general manager Michael McNamara told news.com.au that rents would continue to rise.  “Weekly asking rents in all capital cities are at record highs,” he said.

Although the climate was giving renters little relief, it was a good time to be investing in the property market as returns were growing, Mr McNamara said.

“Increasing gross rental yields are expected to drive stronger property markets in the eastern capital cities, especially in apartment markets,” he said.

“Investors will see stronger investment fundamentals as a reason to prefer property as an asset class”.

The research also found low rental yields in Perth meant its property market was Australia’s most over-valued, with returns on the year a meager 3.7 per cent, the lowest of all capital cities.

 REALESTATEGUIDE.COM.AU welcomes it’s latest advertiser MyRate Home Loans.

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The Discount Saver home loan is a “no-frills” home loan with a low ongoing variable interest rate for the life of the loan. This home loan is to assist with the purchase of owner-occupied residential property or investment residential property. It is designed for customers who do not want to pay for features they do not require but still require a flexible home loan. Repayments can be tailored to suit individual needs.

• 7.14% p.a. variable interest rate (comparison rate 7.47% p.a.* )
• Free unlimited extra repayments and 100% offset account
• Interest only option

This type of loan is ideal for customers who are seeking a basic home or investment home loan with a reduced rate and whose primary objective is to repay their loan as soon as possible or to lower their interest cost.

To view more visit www.realestateguide.com.au/loan_australia/discount_saver_home_loan/

Do you never seem to have enough money?

By managing your expenses so that you spend less than you earn, you will create spare cash to invest, meet unexpected expenses or save for something special. Spending less than you earn is easier said than done but FIDO’s Budget Planner can help you.

Finding out about your expenses and income
To manage your expenses, you first have to know what they are. FIDO’s budget planner uses a simple spreadsheet to sort your income and expenses, and calculate your weekly, fortnightly or monthly surplus or deficit. (If you don’t want to use the spreadsheet you can download a blank version of the planner in PDF format and write in your answers.)

Once you know what you’re spending your money on, you can plan to get your expenses under control. Stick to your plan, and you will soon find you have control of your money.

FIDO’s Budget Planner will help you work out what your regular income and expenses are. It’s much more thorough than planners you may have had to fill out for a loan, so it will help you draw up a really accurate picture of how you are managing your money.
What you will need
Set aside time to gather your information. You’ll probably need your payslip or income tax return, records of any other regular income, and as many of your bills, shopping dockets, accounts, credit card and bank statements as you can find for the past year.

Decide whether you want your plan to be worked out on a weekly, fortnightly, monthly or yearly basis. FIDO suggests you select your pay period so you can use your payslip for your income details.

Tips for more accurate results

Remember to use your after tax income.
Leave out any irregular income that you would not usually receive, for example overtime that is not regular or bonuses for unusually good performance.
Calculate all income and expenses consistently for the period you have chosen eg per week, per fortnight or per month. If you need help with this, the Budget Planner includes a converter to turn annual and quarterly payments into weekly, fortnightly and monthly amounts.
Check your payslip for any deductions (except tax) already made, for example superannuation, health insurance, company car. For the most accurate picture, add these amounts back on to your income and then include them in your expenses.
If you receive any income that has not been taxed, then deduct your estimate of tax due before entering that amount as part of your income. Dividends from company shares may include ‘imputation credits’, or tax already paid at the company tax rate as set out on your dividend statement. When you estimate tax due on dividends remember to deduct any imputation credits. Imputation credits reduce your tax bill.
Help given on screen
When you open the planner, you’ll find some things to help you use it. You’ll find:
1.  A converter to turn a yearly or quarterly amount into a weekly, fortnightly or monthly amount.
2.  A loan calculator to show you how much money you need to repay a loan within any number of weeks you choose.
3.  Pop ups with a more detailed explanation of various items. Get this by holding your mouse pointer over the red triangle.

Hints for first time spreadsheet users
FIDO’s Budget Planner is an Excel spreadsheet. You’ll find it easy to use even if you have never tried Excel before:

Key in the amounts for each item in cells marked with $ signs.
Use the Enter key to move on to the next item.
You don’t have to calculate the totals or subtotals - they are calculated automatically as you go. When you have finished, the spreadsheet will show your surplus or deficit income.

To download the spreadsheet visit http://www.fido.asic.gov.au/fido/fido.nsf/ef531319dbd6d282ca256afd001db469/a8b623072a4eb1bdca256e5f001eb443/$FILE/BudgetPlanner-v3.xls

Getting access to a broad range of lenders is one of the most important advantages of working with a mortgage broker. Like all businesses, different lenders have different strengths and one way to get a fast understanding of a lender’s products or service strengths is to look at the awards they have won. To give you an idea, here is a list of the awards won by the lenders X Inc mortgage brokers work with. Apart from different home loan product features, customer service is a high priority with most borrowers and a good mortgage broker can ensure that both they and the lender provide you with that.

Some of the awards listed here are for home loans, some for customer service, and some for excellence in the company’s structure, communication or people. In the extremely competitive finance market, our Mortgage Brokers are proud to be able to offer such a broad range of proven award winning products.

 To view more visit www.xinc.net.au/home_loans/awards.html

You can find out here how much you can borrow, what your borrowing power is to buy a new home, get home loan pre-approval, refinancing information or home loan products informatin like No Deposit Home Loans, 5 Year Honeymoon home loans and what home loans are available to you if you are borrowing more than $300,000. You can also find out how mortgage brokers work or contact your local mortgage broker.

 To view more visit www.realestateguide.com.au/xinc/

www.realestateguide.com.au welcomes Loan Australia as an Advertising Partner

Flexi Plus Home Loan
The Flexi Plus Loan is a fully featured variable or fixed rate home loan to assist with the purchase or refinance of owner-occupied or investment residential property. It is designed for customers who are seeking full flexibility and features in their loan.

• 6.99% p.a. interest rate (comparison rate 7.01% p.a.* )
• Free unlimited extra repayments and 100% offset account
• No account keeping fees and refundable application fee
• Interest only and fixed rate options

It is ideal for customers who may be uncertain of their future and want the peace of mind of knowing that their home loan is flexible enough to accommodate their changing circumstances. Repayments can be tailored to suit individual needs.

To view other Finance Offers now available with LoanAustralia visit www.realestateguide.com.au/loan_australia/

*All offers as of date of posting and are subject to change without notice

www.realestateguide.com.au welcomes Xinc Finance as an Advertising Partner.

X Inc: the premier finance brokerage of choice for all Australians. We link home owners, investors and business people with the best home loan products available from our panel of major banks and a broad range of other lenders.

To find out more about choosing the right Home Loan visit www.realestateguide.com.au/xincfinance/