Staying Cool In This Heat Wave
January 27, 2012 on 3:57 pm
Filed Under:mortgage resources
It has been an unusual Summer so far, with extreme weather of all sorts. However, the relatively mild temperatures experienced in the past week are not likely to continue, so we have compiled a list of the top things you can do around your home to keep it cool.
1. Reflect heat away from your home. Dark colours absorb 70 to 90 per cent of the radiant energy from the sun resulting in heat gain. In contrast, light colours reflect more light and heat away. If you want to help keep your home cool, make sure the roof is a light colour. Better still – use corrugated iron – a reflective roof with aluminium foil backing can reduce heat gain by 25 per cent.
2. Lighten walls. White or light-coloured exteriors absorb less heat than dark walls.
3. Improve window efficiency. Around 40 per cent of unwanted heat comes through windows. Reflective window coatings, double glazing or thick curtains can reduce this impact considerably, particularly if you have large areas of glass. As the day cools, open the windows and curtains again to allow the evening breezes to flow through the house.
4. Insulate. In addition to protecting your house during the winter, insulating, weather-stripping and caulking help protect it against summer heat. One of the most important places to insulate is the roof, because it attracts so much heat.
5. Shade the house with trees. Shading your house can reduce indoor temperatures by as much as 20 degrees.
6. Landscape with shade in mind – use native plants that can survive with little care or deciduous trees that lose leaves in the winter and therefore allow more light in. Vines can provide shading and cooling.
7. Use exterior shading devices. Exterior shades are effective because they block sunlight before it enters a window. A properly installed awning, for example, can reduce heat gain up to 65 per cent and of course a light-coloured awning will reflect sunlight. Louvres, shutters and rolling shutters are also options for outdoors.
8. Reduce heat-generating appliances. Ovens, dishwashers, dryers, and other appliances generate a lot of heat. Try to only use them in the morning or late evening.
9. Install fans. Ceiling fans can make a room feel as much as 4 degrees cooler.
Source: Quartile Research Australia
Mortgage Perth Wishes You a Great Christmas
December 22, 2010 on 8:51 am
Filed Under:mortgage brokers, mortgage loans
Our great mortgage brokers and all the team at Mortgage Perth want to wish you a great Christmas and a wonderful New Year.
SO MUCH MORE TO SHARE WITH YOU IN 2011
We’ve much, much more to share you with in the coming year. Things are always changing, developing and evolving in the relation to mortgage loans, home loan rates and property throughout Australia. We’ll be striving to keep you informed of important developments as they occur in 2011.
MORE GREAT ADVICE FROM OUR MORTGAGE BROKERS
The New Year will also be a good time to re-look at your current mortgage loan with one of our wonderful Mortgage Brokers to see what better deals are out there for you. It is constantly changing and it is just too difficult to find the perfect loan for you on your own. So don’t hesitate to give us a call on (08) 6279 1459 or fill in our mortgage broker contact form and ask us a question.
SAFE AND HAPPY CHRISTMAS AND SEE YOU IN THE NEW YEAR
So for now, have a safe and happy Christmas and all of us at Mortgage Perth look forward to working with you again in 2011 on all your mortgage loan needs.
Mortgage Loans and Overvalued House Prices
December 16, 2010 on 9:28 pm
Filed Under:mortgage brokers, mortgage loans
Mortgage loans are here to stay and getting larger it seems for Australians. At Mortgage Perth our team of mortgage brokers have been closely examining the latest data from the Australian Bureau of Statistics. It seems that household wealth has increased again to 8% in the September quarter.
GOOD NEWS FOR MORTGAGE LOAN HOLDERS
It is good news that the wealth levels of Aussie households have recovered in the September quarter and it is expected to improve further in the upcoming December quarter.
YOUR OWN HOME HAS INCREASED DRAMATICALLY
Further, it has been found that if as a home owner you had owned the very same house for the past 20 years, then your house would have increased by 120%. That is certainly why our accredited mortgage brokers believe in the value of property and encourage everyone to consider home ownership. Give us a call (08) 6279 1459 and we’ll help find the very best mortgage loan to meet your needs.
MORE DATA TO CONSIDER ON HOUSING PRICES
However, analysis by the International Monetary Fund suggests that the prices of Australian houses are actually overvalued by as much as 10%. But this is unlikely to change and will probably become an even bigger issue in buying homes and taking out mortgage loans.
LAND SCARITY AND HOUSE PRICES
Certainly with the increasing population growth through our strong rate of immigration and the resultant insufficient housing supply particularly near major cities then house prices are not likely to fall in the near future.
MORTGAGE BROKERS AND YOUR UNIQUE SITUATION
But potential mortgage loan holders can save themselves thousands by chatting with our friendly mortgage brokers or sending us an email and getting you the right mortgage loan.
Mortgage Loan Reform and You
December 13, 2010 on 10:51 pm
Filed Under:mortgage brokers, mortgage loans
Mortgage brokers at Mortgage Perth are aware of the latest data that identifies that at least six families in just one Australian state alone are having to give up their house each working day. Certainly at Mortgage Perth we’re always looking for ways to help our clients keep their homes and comfortably meet their mortgage loan needs.
GIVE OUR FRIENDLY MORTGAGE BROKERS
If you are struggling with your mortgage loan, wanting to refinance or just curious about what better home loan deals are out there for you, then give us a call on (08) 6279 1459.
LATEST BANK REFORMS FOR YOUR MORTGAGE LOAN
For you and others worried about their mortgage loans, the Treasurer Wayne Swan has also announced a range of measures. However, those critical of the reforms suggest that they do nothing for home owners and provide very little change.
REMOVAL OF MORTGAGE EXIT FEES
Amongst many of the announced reforms is the removal of mortgage exit fees on all new mortgage loans taken out from July 1st. Many experts have commented on this reform, explaining that this does not help those with existing home loans. Further, there are fears that this would unintentionally damage the smaller home loan lenders who could not afford to remove exit fees.
RECOUPING FEES IN OTHER WAYS
Also, experts suggest that the Big Banks would recoup lost profits from banned mortgage switching fees by just increasing other fees. However, Treasurer Swan believes that the regulators would make sure that this ‘backdoor’ process would not occur.
REGULATING THIS PROCESS ON LOAN CONTRACTS
Wayne Swan suggested that the Australian Securities and Investments Commission (ASIC) already has the power to deal with the big banks, so that they were unable to shift fees to then introduce these unfair fees to their customers.
MORE RESOURCES AND ADVICE FOR YOU
To help you deal with the changing mortgage loan front, give our qualified mortgage brokers a call today on (08) 6279 1459 or fill in the enquiry form today. Also, grab your own copy of our FREE Mortgage Crunch Kit (valued at $139.80) below to help you with your issues on your mortgage loan.
Mortgage Loans and Latest Home Loan Statistics
December 8, 2010 on 10:45 pm
Filed Under:mortgage brokers, mortgage loans
Mortgage loans associated with the latest figures from The Australian Bureau of Statistics (ABS) shows that in October just under 50,000 home loans were approved. This was a 1.9 percent increase as compared to the previous month. Also, mortgage loan holders taking out fixed rate loans increased to just below 7 percent in October. This was the largest number since July 2009.
MORTGAGE LOAN RATES INCREASE IN NOVEMBER
However, it must be remembered that these figures were taken before the hike again in mortgage loan rates in November. With the increase in lending rates by all the major banks in November, a greater number of fixed rate mortgage loans also increased.
FIRST HOMEBUYERS AND MORTGAGE LOANS
Further, it seems that people buying their first home were remaining wary and anxious about future interest rate increases. These first homebuyers made up just about 15 percent of all mortgage loans undertaken during October. This remains the smallest proportion going back to July 2004.
MORTGAGE LOANS AND RATES UNCHANGED
The Reserve Bank has now left the official cash rate unchanged at 4.75 percent. As the Reserve Bank Board doesn’t meet now until February next year then rates will probably remain stable for the upcoming several months. This has produced a collective sigh of relief from mortgage loan holders.
MORTGAGE BROKERS AND ADVICE
With rates on hold now for at least a few months this is an ideal time to talk to our professional mortgage brokers at Mortgage Perth. Rather than a knee-jerk response to rate changes when they occur, this stable period allows you to calmly discuss your unique needs with our friendly mortgage brokers. So just give us a call now on (08) 6279 1459 and we would be most happy to help you with all your financial needs in relation to mortgage loans.
Mortgage Loans and Mortgage Lending Competition
December 2, 2010 on 5:41 pm
Filed Under:mortgage brokers, mortgage loans
Mortgage loans are being watched closely by mortgage brokers throughout the country as Treasurer Wayne Swan considers upcoming reform measures. Since 2008 we’ve seen the four big banks of the ANZ, Commonwealth, NAB and Westpac dominate the mortgage loans and lending markets.
CREDIT UNION LOBBY GROUP
The lobby group representing 120 building societies and credit unions, have called on Wayne Swan and the Federal Government to give small lenders the same funding guarantees that the Big Four Banks received during the global financial crisis.
COMPETING WITH THE BIG BANKS
Mortgage brokers are aware that such a move would change mortgage loans and lending. This would mean that smaller lenders could compete more effectively against the major banks as their funding costs would be substantially reduced. For example, the previous wholesale funding guarantee scheme meant the Big Four Banks were charged at 70 basis points and all other smaller mortgage loan lenders at 150 basis points.
NEW FLAT FEE FUNDING GUARANTEE
If Treasurer Swan established a flat-fee in a new wholesale funding guarantee scheme concentrating on building societies, credit unions and regional banks then the lending environment would change. These smaller lenders may be able to become real competition to the dominant big four banks.
MORTGAGE BROKERS WATCHING WITH GREAT INTEREST
Whatever form these upcoming reforms may take, our team at Mortgage Perth will be watching closely. Our accredited mortgage brokers will continue to monitor any changes and reforms closely to give you the best advice for your own unique situation. Make sure to give us a call on (08) 6279 1459 if you have any questions about securing a home loan or refinancing your current mortgage loan.
Mortgage Loans and City Affordability
November 26, 2010 on 2:18 pm
Filed Under:mortgage brokers, mortgage loans, mortgage resources
Mortgage brokers and coaches at Mortgage Perth keep a constant watch on the affordability of housing across all major cities in Australia. When you are considering a mortgage loan this can be an important consideration for you whether looking to buy in Perth or any other capital city.
THE HOUSING AFFORDABILITY INDEX
The HIA-Commonwealth Bank Housing Affordability Index that combines property prices, household incomes and interest rates has just released the data for the September quarter. In order of the least affordable city the results were as follows:
Melbourne 50.8
Sydney 51.5
Perth 54.9
Canberra 57.8
Brisbane 58.1
Adelaide 59.4
Hobart 71.9
PERTH AND CITY AFFORDABILITY
This means that Melbourne is now the least affordable city and has overtaken Sydney who is now a close second. Perth itself follows Melbourne and Sydney being third on the index, while Hobart remains the most affordable major city in Australia.
GETTING THE RIGHT ADVICE FROM YOUR MORTGAGE BROKER
If you are wanting to take out a mortgage loan and break into the property market, then it’s more imperative than ever to speak to an accredited mortgage broker who can give you the right advice. Our friendly mortgage brokers at Mortgage Perth understand the local property market and find the best mortgage loan to meet your unique needs. Give us a call anytime on (08) 6279 1459 or click on ‘ask me now’ and send us your questions. We’d be happy to help you cut through the maze of mortgage loans and find just the right one for you.
MORE RESOURCES AND MORE INFORMATION
You can also get more resources and information, by getting our FREE Mortgage Crunch Kit. As city affordability continues to spiral downwards, the more knowledge you have the better – so click below and grab your own Mortgage Crunch Kit right now.
Mortgage Brokers and Considering Switching Loans
November 15, 2010 on 11:11 am
Filed Under:mortgage loans
Mortgage brokers are seeing an increasing number of customers with mortgage loans asking about the costs involved in switching their mortgage loans to other lenders.
RISING INTEREST RATES AND SWITCHING MORTGAGE LOANS
As interest rates continue to rise, being able to switch to a cheaper mortgage loan is a major motivation for borrowers considering refinancing and talking with a mortgage broker. There really isn’t much point in paying more than you need on one loan, when you can get a much better deal by switching to another loan and often another lender.
At Mortgage Perth our Mortgage Brokers and Coaches, have also found a significant increase in our clients and customers contacting us to discuss the options of switching their loan to another lender. We constantly ‘keep tabs’ on what is happening with all lenders and their mortgage loans so we can give our new and existing clients, the very best advice on refinancing their loan.
MORE TOP REASONS FOR SWITCHING LOANS
Although looking for a cheaper loan is one reason for refinancing, our mortgage brokers also find many clients wanting to:
* undertake and fund a renovation to their current home
* consolidate all their debts
* purchase an investment property
* moving from interstate to WA
So whatever your reason for considering switching mortgage loans, we’d be delighted to have a chat with you and work out the best possible loan for you. Give us a call on (08) 6279 1459 or click on ‘ask me now’ and send us an email.
EXTRA BONUS RESOURCES FOR YOU TOO
Also, make sure to pick up your own complimentary Mortgage Crunch Kit (valued at $139.80) below with more great ideas for you including more on refinancing your mortgage loan.
Mortgage Loan Resources for You
November 11, 2010 on 11:36 am
Filed Under:mortgage resources
MORTGAGE BROKERS CAN REALLY HELP YOU
Mortgage Brokers can help you wade through the maze of information to get the very best mortgage loan for you.
We’re committed to doing just that for you, with our team of professionally accredited mortgage brokers. You can contact us anytime with your questions, queries or concerns about the type of mortgage loan that is just right for you.
It’s absolutely FREE and there is no obligation to have a chat with one of our friendly mortgage brokers – just click on “ask me now” and we’ll get back to you promptly. Or better still give us a call right now on (08) 6279 1459 and let’s talk about what you need.
YOUR OWN MORTGAGE LOAN RESOURCES KIT
We’ve also designed for you a very special Mortgage Crunch Kit (valued at $139.80). This kit is full of really helpful advice for you in four guides:
* The Essential Home Owner’s Guide (RRP $49.95)
* Property Investor Guide (RRP $49.95)
* Budgeting 101 (RRP $19.95)
* Getting the Right Loan (RRP $19.95)
GET YOUR FOUR GUIDES NOW
Each of these guides will give you great tips, strategies and techniques for getting the right loan for you. As well as, how to budget effectively so that you can own your own home sooner and also add to your property investment portfolio along the way. So grab your mortgage crunch kit now.
PLUS WORDS OF WISDOM FROM YOUR OWN MORTGAGE BROKER
Now add to your Mortgage Crunch Kit, the ‘words of wisdom’ from our own friendly mortgage brokers and you’ve got all you need to really work towards achieving your home ownership and property investment dreams.
How to contact us
Simply give us a call on 08 6279 1459.
If you are calling from outside Australia, dial +61 8 6279 1459.
Or use the online enquiry form
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