Blog - Page 4 of 7 - Mel Finance
October 27, 2017

How can I get the best home loan for me?

The lending market is saturated with options, making it difficult to determine whether your home loan is the best deal for you. Comparing your options is always smart, but can quickly become an arduous task, given how much information there is to sift through. A great way to get around this is by looking for a loan broker in Melbourne who can provide you with specialist knowledge.   While there are great websites you can use to compare home loans, lenders will sometimes refer to the same product with different names, making it hard to work out what you’re actually […]
October 5, 2017

Can my job save me money on my home loan?

When it comes to buying your first home in Melbourne, any bit of help you can get regarding your home loan is definitely welcome. What many people don’t know is that their profession may actually allow them to save money on their mortgage. This is bound to be welcome news for many first time home buyers in Melbourne who are looking for a way to make their dream home more attainable. In some cases, your job may mean you are perceived as a “low risk” borrower by lenders. This could entitle you to special discounts, allowing you greater choice when […]
August 22, 2017

How do I maximize ROI on an investment property?

 When purchasing an investment property, there are a number of factors that could increase or reduce your potential return on investment. In this case it’s not just location, the number of rental properties are available in the suburb or street that you are intended to purchase. Rental yield, capital growth, future potential infrastructure plans also can be few factors to be considered. When considering a property for investment purposes, the most important question to ask is ‘will be attractive to tenants?’.  But how do you know what will appeal to someone you’ve never met? Settling on a handful of locations […]
August 14, 2017

Can I use Bridging loan or deposit bond?

When selling one property and purchasing another, the funds from the sale may not be available in time to use for the purchase deposit.  There are typically two options in this scenario: a bridging loan and a deposit bond. Bridging loan A bridging loan is a short-term home loan designed to allow you to initiate the purchase of a property before you have sold your previous one. Loan terms are often between 6 and 12 months and bridging loans generally have a higher interest rate than traditional home loans. This can be a great option but carries some risk. It’s […]
August 3, 2017

Why should I consider white-label loans?

When you think about a mortgage, majority of customers start to find out resource via online or social media. While you research about your requirement, you will find many advertisements pop up and distract. If you search about mortgages, you will se many ads from both major lenders and non-major lenders. As an independent Mortgage broker Melbourne, I have 30+ lenders in my lender panel. It covers both major and non-major lenders. As a prospect customer, you will compare your home loan over 600+ different products to find the most suitable product, which suits your objectives and requirements. A white-label […]
July 19, 2017

How offset and redraw accounts can save you money

“Risk comes from not knowing what you’re doing”- Warren Buffett.. Find the right mortgage product can be amazingly tough due to the high competition of the mortgage industry. “Offset” facility is one of the common terms we hear in the home loan industry. I find over 60% of refinance home loan clients have the offset facility. However, 40%-50% clients have got less than AUD 5000.00 to AUD 6000.00 in their savings accounts. Surprisingly, they have had the facility for years. It appears to me that many every day Aussies unsure how the facility functions. This blog explains the difference between […]