The most popular reasons why people want to refinance:
To reduce your loan repayments – Switching to a lower interest rate can help make your home loan payments more affordable and in turn save money over the longer term.
More flexible features – Maybe you would like to switch to a home loan that allows you to make extra repayments or have access to redraw facilities or an offset account so that you can better manage your mortgage payments.
To free up some equity – You may be able to use equity to secure another loan for acquisition of an investment property or use as a line of credit for future use. This is useful to help pay for renovations or other major projects you have been putting off due to lack of funds.
Consolidate Debts – If you’re feeling overwhelmed with having too many outstanding personal loans or credit cards then you may be able to add these debts onto your mortgage to pay off over time.
Find a lender that offers better service and treats you better – You may find that you are unhappy with your bank’s customer service and sick of no one listening to you. By refinancing you are able to switch to a lender that does offer these services and most of all takes time to listen to what you are wanting.
Take advantage of incentives – There are some lenders that offer special discounts and other benefits to new customers from reduced interest rates to cashback offers. Packages are available for an annual fee that offer a bundle of savings. Comparing the value of the offer to the loan’s overall cost is important before making that vital decision.
The Australian Taxation Office states that costs of buying and maintaining an investment property can be claimed as tax deductions to reduce your taxable income and also potentially lower the capital gains tax you typically need to pay when selling the property. We have professional partners on hand to guide you correctly as what you can claim as tax deductions on your investment property. We assist clients with refinancing of existing debts and further funding for clients to invest into cash flow positive real estate which could have potential for future capital growth.
An investment property loan could provide a long-term income stream which typically increases over time from the rental income received from tenants. You will need to take into account property expenses when considering the financial rewards of an investment property such as maintenance costs, council rates and mortgage repayments.
We can assist in structuring investment loans to receive maximum tax advantage benefits. We offer a long-term plan ie: 10-year plan as prices can fluctuate and reductions can occur in price growth due to unpredictable events occurring like COVID19 pandemic. Long term planning allows time for substantial growth to occur. The key is researching and choosing growth areas to receive the full benefit of property growth.
We provide strategies which may help you pay down your home loan efficiently over the longer term. More lending features may become a benefit to you to work towards your retirement
These strategies may take the pressure of you and help you pay less interest in the short term. We offer strategies that could keep paying off the consolidated debts in a shorter timeframe.
One strategy would be switching from monthly to fortnightly repayments it will half the monthly amount every two weeks and makes the equivalent of an extra month’s repayment each year as each year has 26 fortnights.
Making higher repayments as if your loan was set at a higher interest rate, allows the extra money to help pay your mortgage sooner.
We Offer tailor-made strategies to suit your personal circumstances.
We have a wide variety of panel lenders with banks and non-bank financial institutions offering competitive interest rates and services that we match to suit your needs.
We have a team who can assist in establishing super funds, search for missing superannuation and transfer all existing superannuation into the new self-managed super fund.
SMSF ‘s may provide additional tax saving opportunities.
If you have correct structures together with good investment selections within SMSF then you could ensure to receive a positive cashflow to the SMSF without additional contributions.
We specialise in SMSF Limited recourse borrowings and find a loan that suits your needs.
FUN FACT:
As of 29 July 2021, there was 2.9 million households (35%) who are mortgage holders
FUN FACT:
Generally, investment/rental property mortgage rates are higher than for owner-occupied home loans. This is because investors are viewed as riskier borrowers compared with those who are buying a home to live in.
FUN FACT:
The proportion of Australian households who own their home outright without a mortgage, has been far from stable. Based on data from the Census, the rate of outright home ownership fell from 45% in 1947 to 32% in 1976, rising to 43% in 1996 before falling again to 35% in 2006
FUN FACT:
The latest ATO figures indicate there were 597,900 SMSF’s in Australia in June 2021
Hi Tanya. Thank you for all your hard work. We are more than happy with your services and feel very lucky to be associated with you. Take care. Warm regards.
Thank you for your months of hard work getting across the line! You never fail us and we are eternally grateful that we have you. Best Regards.
We would like to thank the team for all their assistance in getting our SMSF investment property across the line. Tanya and the team have provided excellent financial advice and have gone the extra mile. The financial advice has been second to none and most importantly, they care about us. We couldn’t be happier and would recommend to anyone.
We cannot thank Tanya enough. Tanya took the time to really understand what my husband and I truly needed and took all the necessary steps to source and lock in over the busy Christmas period a great mortgage product for us. Nothing at anytime was too much trouble with Tanya responding quickly with the answer that we needed often outside of normal office hours. When it’s time to do this all over again we will have no hesitation in sending our requests Tanya’s way! Thanks again!!
Tanya has been instrumental in sourcing, preparing, negotiating and navigating the often confusing world of property finance. Tanya has always worked tirelessly to ensure the best outcome for us and has always been available and approachable when needed. With Tanya taking on all that was required it made the process seamless for us and has given us the confidence to build a property portfolio for the betterment of ourselves, and our children’s future. We have no hesitation in recommending Tanya’s financial services.
I wish to take this opportunity to thank you and your team for the outstanding service that you had provided me over the last few years
Your business rules and explanation were very painless and easy to follow, you explained to me the entire process to me effectively and efficiently
If you are looking for attention to detail, I would recommend Mortgage Crushers Pty Ltd services to anyone who requires an honest and open mortgage broker.
Thanks again Tanya for a rewarding experience.
Kindest Regards
I was referred to Mortgage Crushers by a friend and have been working with Tanya for approx. 6 months now. Having dealt with other mortgage brokers in the past and not been satisfied with their service I was hesitant to make contact, however I can honestly say that I have found Tanya’s knowledge, passion and commitment to her clients is second to none! Tanya is always available to answer my questions and her kind and patient nature makes it a pleasure to work with her. I highly recommend Mortgage Crushers and I look forward to continuing to crush my mortgages with Tanya
Tanya has provided great advice and assistance in navigating the property world. She has worked tirelessly to ensure that I am getting the best value and outcomes when it comes to financing and future planning. Always available and happy talk through any issues that might arise. I would recommend Tanya’s financial services to my best friends.
This testimonial was given by our customers. They are individual experiences of our customer that has used our service. However, they are individual results and results and outcomes may vary. We do not claim they are typical results that consumers will generally achieve. Tanya Porter/Mortgage Crushers Pty Ltd cannot and does not guarantee results. Your full financial situation would need to be reviewed prior to acceptance of any offer or product.
We are here to help If you want honest advice or just a casual chat about your financial circumstances.
LEVEL 1, UNIT 5 2-6 KINGSWAY
CRONULLA NSW 2230, PO BOX 777, CRONULLA NSW 2230