David Coates
Mob: 0409 940 035
Home finance advice
Professional advice is important to everyone seeking finance, so read the testimonials of our clients on the left-hand side of our web pages to learn about the quality of our advice. We have over 90 more testimonials available on request.
There's more to home finance than a good interest rate. Here's a snapshot of the value we add to your requirements:
Property buyers - have access to Residex CMA property reports and our exclusive Negotiating Tips explaining how to deal with real estate agents.
Investors - are helped onto the property investment ladder with our Investor Club, with current information from Mortgage Choice and a range of guest speakers from the property industry.
First home buyers - we not only find you a great first home loan but also add comprehensive advice about the entire process of buying your first home, including the construction process, the government grants for first home owners, and every other question you have!
Upgraders - speak to us about your next move because we understand bridging finance and other options for the transition.
Refinance - should you stay with your current loan or move to a better deal? We clearly explain the costs and benefits.
Business owners - we offer a large range of finance options including equipment leasing, debtor finance and other commercial finance.
Retirees - we can show you how to unlock the equity in your home to provide you with the funds you need, whether as a lump sum or on a regular basis.
Car buyers - we offer very competitive vehicle finance for personal or business use.
Term deposits - we offer very competitive interest rates with major lenders.
Home insurance - ask us how to get up to 90 days free building insurance from Allianz!
Testimonials
We were extremely happy with the professional service we received from David and his team. We would highly recommend him to all of our contacts. K&J Mardel, Ormond, May 2010
As a first home buyer I had many questions. David and his team are always happy to take the time to explain and help. Made the process easy to navigate. K Mansell & T Knox, Seddon, February 2010
Thanks for all your advice and work for securing us our first home. You took out the hard work and had the skills to overcome the obstacles so we got there in time. K Officer & M Badenhope, Essendon, May 2010
Extremely happy. We received regular communication throughout the process, clear advice and options, and we felt our needs were paramount and worked to achieve. J&S O'Connor, Brighton, February 2010
Very prompt and better interest rate organised. E. Kelly, Hampton, May 2010
Very helpdful, made things easy to understand, kept in touch while we were house hunting, got us property reports, thanks so much for everything. J&F Maghoo, Bentleigh, February 2010
Service was professional, replies to queries were prompt. As a first home buyer, I could not have imagined a better experience. Many thanks. F Ma, Melbourne, March 2010
Keep up the good service. Excellent communication and quick responses to our queries. Highly recommended. S&L Robertson, Chirnside Park, February 2010
How to choose a home loan
Here are 5 essential tips that you should consider when choosing a home loan:
1. Interest rates
Interest rate is obviously important, but remember that you are not simply looking for the home loan with the lowest interest rate because there are many other considerations.
For example, the mortgage lender with the ‘best’ interest rate may have high ongoing fees and therefore your home loan may cost you more in the long term than a similar one with a higher interest rate.
Be sure to consider ‘break and switch’ costs as well because if you decide to pay out your home loan or refinance before time will you be charged exorbitant fees to do so.
Also, be wary of an introductory rate. It may be ‘cheap’ at the start but it may also revert to a much higher rate after once the introductory term has finished. You should try to negotiate an interest rate discount with your mortgage lender over the longer term.
2. Features and flexibility
What are the home loan features that you need? Home loans with the ‘best’ interest rate may not have all the features you need or be as flexible as you need it to be. For example, do you want the ability to pay extra so you can prepare yourself for future rate rises and also create a buffer if your financial circumstances change?
You also need to consider the accessibility of your mortgage lender in terms of ATM, internet, face-to-face contact, etc. Decide what you need and ask whether your chosen home loan lender has the features available.
3. Consider the current home loan approval times
Is your home loan approval time critical? If so, the lender with the ‘best’ home loan may not be able to get your loan approved in time. During peak processing periods, lender service times can vary between 2 to 20 working days.
4. Compare home loan products
Visit a reputable mortgage broker with more than 20 lenders on their panel. This way, you can research and compare a broad range of home loans and lenders all within the one visit.