home
loans

Planning to own
your First Home.

It can be quite challenging to own your first home. But here at Great Advice, we make things easy for you! We have access to a wide range of lenders to choose from. We can search the right loan tailored to your specific needs and situation.

Here are 5 Tips in for First Home Buyers:

Get Serious about Saving
Start saving for a down payment early so you won’t have to pay for mortgage insurance.

Seek help from a professional
A good mortgage provider is someone who’s more of an adviser than just a salesperson.

Take advantage of first homeowner concessions
Check if you are eligible for government grants and stamp duty concessions available to first home buyers.

Set a limit for how much to spend on a new home
When it comes time to make an offer, never go above your budgeted purchase price. First-home buyers who stick to their budget are less likely to suffer from regret.

Make sure you can pay your mortgage
It’s essential that you are across all the additional costs that come with a home purchase, and factor them in.

Thinking of Refinancing
your existing home

Everything’s always changing. Do you want a better interest rate, more flexible features, to consolidate your debt, or to use the equity in your home to renovate or invest? Whatever it is, we are here to assist you with your Refinancing needs.

Reasons to Refinance your Home Loan:

Reduce my home loan repayments
If interest rates have changed since you got your original home loan, you may be able to refinance to a new loan with a lower rate.

My property has increased in value
Property prices in Australia have increased over the past 5-7 years. If your property’s value has gotten a boost, you might be able to refinance and get a better rate.

The fixed rate period on my loan is expiring
It is very common in Australia to have a fixed rate term of between 1 to 5 years. When your fixed rate finishes at the end of that 1 to 5 year period (or expires in bank talk) your loan will change back to a variable rate.

I want to do some renovations
After you’ve been in your home for a few years you might feel its time to do some renovations. These generally fall under two categories: simple renovations, like adding air-conditioning, solar panels or painting and structural renovations, like adding an extra level to the house, a pool or new kitchen.

I want to consolidate other loans
Lastly, you can refinance to consolidate other loans and debts into a single and possibly more affordable payment. This can be handy in situations where you have high-interest rate loans and debts like credit cards, personal loans or car loans.

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Book A Free
Goals meeting
with an adviser.

At Great Advice, it’s not all about giving you offers and products but presenting you meaningful suggestions that may impact your chances of achieving the outcomes important to you. That is Great Advice!