Mercia | Taxation, Business & Finance Advisers

Mercia’s Mortgage Brokers

With house prices moving it’s even tougher for first home buyers to enter the market. If you want to assist a family member to buy their first home there are a number of thing you can do:

• Provide a gift or loan
• Offer equity in your own home as security
• Use Commonwealth Bank or other banks Family Equity products.

Family Equity is a home buying solution unlike any other, designed to help first home buyers enter the property market. It’s a range of financing options that can help customers secure a home loan, repay a home loan, or a combination of both. The main customer benefit is the ability to enter the property market by relying on guarantors for security and/or servicing support.

A family member has always been able to assist with providing equity or funds for a deposit. What’s good about family equity is it also allows servicing support. This means that if an applicant’s income is not sufficient to service the loan required, a family member (or anyone for that matter) can assist by paying some of the repayments on an ongoing basis. The person providing the equity or servicing support is not required to be on the title of the property being financed. Remember there is a grant and stamp duty incentives from the State Government for first home buyers too.

If you have any questions about Family Equity, Reverse Mortgages or any other type of loan, call Dan Goodridge on 04144 233 40. Our service is free of charge to you the borrower and we have access to all the major lenders in WA.

If you would like to speak to a broker, call Dan Goodridge on 0414 423 340 or e-mail dg@iinet.net.au .

Good news for all borrowers – the banks have broken up with the Reserve Bank.

This means if you look around you are likely to find a better rate than you currently have. Use this opportunity to speak with a mortgage broker to ensure your bank is looking after you and that you have the best loan for your circumstances.

Some banks are currently offering great discounts on home and investment loans. Fixed and variable.

You may be able to save interest by fixing your home loan . You may be able to fix for 1-5 years at a lower rate then you currently have. Why wait for variable rates to go down. Switch to a lower rate now.

A great fixed rate is available from the Commonwealth Bank. You can get a fixed rate of 5.29% for  3 years. Compare that with your bank’s current offering? There are many benefits of using a mortgage broker and our services are provided to the borrower free of charge.

Call Dan Goodridge on 0414 423 340 or e-mail dg@iinet.net.au at Mercia Finance for obligation free finance information.

Finance Newsletter –

Good news for all borrowers – there are some great variable and fixed rates available.

This means if you look around you are likely to find a better rate than you currently have. Heritage bank is currently offering 5.64% variable rate, with no monthly or annual fees. Refinancing is easy with the help of a mortgage broker, so have a look at your loan. We may be able to save you thousands per year. Fixed rates as low as 5.34% for 2 years are available

Use this opportunity to speak with a mortgage broker to ensure your bank is looking after you and that you have the best loan for your circumstances.

You may be able to save interest by fixing your home loan . You may be able to fix for 1-3 years at a lower rate then you currently have. Why wait for rates to go down. Switch to a lower rate now.

There are many benefits of using a mortgage broker and our services are provided to the borrower free of charge.

Call Dan Goodridge on 0414 423 340 or e-mail dg@iinet.net.au at Mercia Finance for obligation free finance information.

Finance Newsletter –

Good news for all borrowers – there are some great variable and fixed rates available.

This means if you look around you are likely to find a better rate than you currently have. Heritage bank is currently offering 5.64% variable rate, with no monthly or annual fees. Refinancing is easy with the help of a mortgage broker, so have a look at your loan. We may be able to save you thousands per year. Fixed rates as low as 5.34% for 2 years are available

Use this opportunity to speak with a mortgage broker to ensure your bank is looking after you and that you have the best loan for your circumstances.

You may be able to save interest by fixing your home loan . You may be able to fix for 1-3 years at a lower rate then you currently have. Why wait for rates to go down. Switch to a lower rate now.

There are many benefits of using a mortgage broker and our services are provided to the borrower free of charge.

Call Dan Goodridge on 0414 423 340 or e-mail dg@iinet.net.au at Mercia Finance for obligation free finance information.

Good news for all borrowers – lower variable rates. Use this opportunity to speak with a mortgage broker to ensure your bank is passing on the full 0.25% discount and that you have the best loan for your circumstances.

Some banks are  currently offering great discounts  on home and investment loans.

Thinking about taking advantage of the current low fixed rates? The current low variable rates mean low fixed rates too. Rather than just get a variable discount for a short time, why not look at fixing at a low rate. There are fixed rates as low as 5.42% for 3 years. The current low variables may not last for long – so you may want to lock in the savings for up to 3 years. Not sure how it all works. A mortgage broker and explain it to you.

There are many benefits of using a mortgage broker and our services are provided to the borrower free of charge.

Call Dan Goodridge on 0414 423 340 or e-mail dg@iinet.net.au at Mercia Finance for obligation free finance information.