Property Investment – What You Should Consider
Take the emotion out When buying an investment property you should treat it as a business decision and not be emotional. A common mistake is that people buy a house…
A loan health check is a quick review of your current mortgage, comparing your rate, structure and features against what is appropriate for your situation today. It does not take very long, costs nothing, and tells you whether you are paying more than you need to.
Most people set up their loan once and never look at it again. Rates move, life changes, and lenders rarely call to tell you a better option exists. A loan health check closes that gap. And the one thing that most people won't tell you is that there's a loyalty tax that the banks charge you. They offer cheaper rates to newer clients. Whilst you sit feeling loyal to the lender over 3, 5, 10, 15, even 20 years, others are getting a cheaper interest rate than you are. A regular health check is definitely what everyone should be doing.
Whether your interest rate is still competitive for your loan size and equity position.
Are you on the right structure, owner-occupier or investment, fixed, variable, or split, Interest only or principal and interest and is it appropriate for what you need now.
Offset accounts, redraw, and extra repayments, and whether you are actually using them.
How much equity you have built and whether it could be put to work without selling.
Fees, ongoing costs, and whether your current lender still deserves your loan.
If it has been more than a year since you last reviewed your loan, a health check is worth doing, whether you are an existing Investors Choice Mortgages client, a long-term investor with a growing portfolio, or someone who has never had their loan properly reviewed.
Book a time so that we can start the assessment.
Share your current loan details. Send through your most recent loan statement, or grab the details from your online banking.
We review it. An experienced mortgage broker reviews your rate, structure, equity and features against what is appropriate for your situation, no cost, no obligation.
You get a clear answer. You will know exactly where you stand, and what, if anything, is worth changing.
Lenders compete hardest for new customers, not existing ones. If your loan has not been reviewed in the last 12 months, there is a reasonable chance you are paying more than someone walking in off the street today.
Matt Kyroussis is dual-qualified, 11 years in financial planning and 8 years in broking, so your review looks at your full financial picture, not just the loan.
Every fee and commission is disclosed upfront.
You will never talk to a bot about a decision this important.
Book Matt's complimentary Quick Start call and find out where your loan really stands. Visit investorschoice.com.au or call our team to get started.
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