Your Local Mortgage Broker & Home Loan Specialist in Chermside, Stafford & Wavell Heights
Feel free to drop into the office for a confidential chat regarding your home loan, investment loan or refinancing needs.
Tony has more than 14 years of experience in the home loan, investment loan and finance industry. As well as being a mortgage broker, he is also a CPA qualified Accountant and Financial Planner.
We also service the following areas; Nundah, Toombul, Wavell Heights North, Northgate, Northgate Mc, Banyo, Nudgee, Nudgee Beach, Virginia, Chermside Centre, Chermside South, Chermside West, Craigslea, Aspley, Boondall, Boondall Heights, Carseldine, Geebung, Zillmere, Albany Creek, Bridgeman Downs, Cashs Crossing, Bald Hills, Eatons Hill, Bray Park, Brendale, Cashmere, Clear Mountain, Joyner, Strathpine, Strathpine Centre, Strathpine City, Warner, Lawnton, Frenchs Forest, Petrie, Camp Mountain, Cedar Creek, Closeburn, Draper, Enoggera Reservoir, Highvale, Jollys Lookout, Kobble Creek, Mount Glorious, Mount Nebo, Mount Samson, Samford, Samford Valley, Samford Village, Samsonvale, Wights Mountain, Yugar, Dayboro, King Scrub, Laceys Creek, Mount Mee, Mount Pleasant, Ocean View, Ascot, Brisbane Airport, Doomben, Hamilton, Hamilton Central, Whinstanes, Bulwer Island, Meeandah, Myrtletown, Pinkenba, Eagle Farm, Eagle Farm Bc, Albion, Breakfast Creek, Clayfield, Eagle Junction, Hendra, Eildon Hill, Kalinga, Lutwyche, Windsor, Wooloowin, Glen Kedron, Gordon Park, Kedron, Brookside Centre, Everton Hills, Everton Park, Mcdowall, Mitchelton, Oxford Park, Somerset Hills, Stafford, Stafford Heights, Arana Hills, Grovely, Keperra, Bunya, Ferny Grove, Ferny Hills, Kedron Upper, Upper Kedron,
As well as being a specialist in home loans, investment loans and refinancing work, he is also able to provide advice regarding how to pay your home loan or investment loan off sooner, how to create long term wealth, taxation advice, retirement planning and, of course, advice on income protection insurance. He is also a JP so feel free to bring your documents in for certification.
His philosophy is "terminate debt, while building wealth, with protection"
Make the right move, and call us today on 07 3624 0755 or email tony directly at tony.fornaro@mortgagechoice.com.au.
7 Time Winner Mortgage Choice High Flyers Award
Finalist - Australian Mortgage Awards - Sales Manager of the Year 2006
Set resolutions to repay your home loan sooner
This year's tips for budgeting, spending and managing your mortgage
Becoming a better budgeter, wising up on spending and making the most of any savings can help borrowers master their mortgage and own their home outright sooner, according to Australia's largest independently-operated mortgage broker, Mortgage Choice.
Company spokesperson, Belinda Williamson said, "If your goal is to pay off your home loan sooner, the beginning of the year is a great time to set new financial resolutions."
"Challenge yourself to ramp up your home loan repayments by readjusting your budget and finding ways to make extra contributions to your mortgage.
"Well thought-out saving, spending and loan repayment strategy decisions can help put you months or even years closer to living mortgage free. Keep in mind even small financial changes can have a big impact on how much interest you pay over the life of your loan and the length of your loan term."
Mortgage Choice offers these financial resolutions to help borrowers own their home outright sooner:
Resolution 1. Become best buddies with your budget
If you don't already have a budget, the New Year is the ideal time to start one. Ensure it factors in all your regular spending - home and/or other loans, utility bills, medical expenses, memberships, grocery bills, insurance costs, etc. Don't forget to include funds for socialising treats. Be honest with your budget and refer to it each time you contemplate a new expense.
Resolution 2. Slash your cash limit
Consider ways to cut your daily spend. For instance, a daily caffeine hit at $4 per weekday equates to $80 per month. Did you know by making a coffee an every-second-day spend and contributing $40 extra per month to your mortgage from day one (based on a $300,000 loan over 30 years at 7%) could reduce the total interest owed by around $31,000 and the loan term by almost 2 years?
Resolution 3. Review your home loan with a fine-toothed comb
There could be underutilised loan features costing you money or features worth refinancing for. Get to know your loan's features. Your mortgage broker can help review your current loan and its features and identify any opportunities to shop around for something better suited to your goals.
Resolution 4. When rates fall, keep repaying more
If your home loan's interest rate has recently fallen, consider keeping your repayments at the higher, pre-fall rate. For example, take a home loan of $300,000 at 7% over 30 years. If your rate reduces to 6.5% and you keep repaying your loan as if the interest rate was still 7%, you could shave approximately 4 years off your loan term and save around $60,000 in interest owed.
Resolution 5. Make the move from monthly to fortnightly
Switching your monthly repayment to fortnightly may make a significant difference to your loan term and the interest owed. There are 12 months and 26 fortnights in one calendar year; by paying fortnightly, you make the equivalent of 13 monthly repayments. The savings, based on a $300,000 loan at 7% equates to around $103,000 in interest and about 6 years and 6 months off the loan term.