Mortgage Broker. Home Loans. Parramatta, Greystanes & Toongabbie.
Hi, I'm Kim Narayan, your Mortgage Choice Mobile Mortgage Broker servicing Greystanes, Toongabbie, Westmead, Ermington and the broader Parramatta region.
As a home owner and property investor myself, I understand the importance of correctly structuring your loan, whether it's your first home or your fifth. With a background in Real Estate and 5 years as a Mortgage Choice Mortgage Broker, I can guide you through the maze of loan products and help you achieve your property dreams and I'm only a phone call away.
Pride in Customer Service
As an experienced Mortgage Choice Mortgage Broker, I have the industry knowledge and the tools to assess a wide range of loans in order to find you the loan that is right for you. As a professional with a strong service ethic, I have the patience, the courtesy and the communication skills to work with you through the process, to clearly explain your options, to cut through the jargon and to help you make an informed choice.
My experience extends across a broad range of lending products suited to:
First home buyersProperty investorsRefinancingPersonal loansCommercial loansCar loans / leasing / hire-purchaseInsurances: mortgage protection, home and contents etc.Independence Gives You ConfidenceMortgage Choice is
not owned by a bank we're independent. We evaluate loans from lenders big and small, from banks and other institutions to ensure no stone is left unturned when finding you the right loan. And my service is
no cost to you. Brokers are paid by the lender, but importantly, Mortgage Choice Mortgage Brokers are paid the same commission no matter the lender*, no matter the loan. As your Mortgage Broker, I am 100% committed to you.
Your Free Property ReportI always give my clients that little bit more, it's why much of my new business is referral business and why I have such strong repeat business and right now I'd like to offer you a free Property Report (valued at $65) on a property of interest to you.
Give me a
call or
click. I can come to your home, your office or your local cafe " in fact, wherever and whenever suits you. We can have a confidential, obligation free chat and look at all your options. There's no better time than now to see what's out there.
I truly look forward to meeting you.
Yours sincerely
Kim Narayan
Western Sydney including area such as Parramatta, Harris Park, Greystanes, Merrylands, Merrylands West, West Toongabbie, East Toongabbie, Old Toongabbie, Greystanes, Girraween, Mays Hill, Pemulwuy, Pendle Hill, Girraween, Dundas, Dundas Valley, Oatlands, Telopea, Ermington, Rosehill, Rydalmere, Constitutition Hill, South Wentworthville, WentworthvilleRBA decision stops first homebuyer salesThe Reserve Bank has decided to keep the cash rate on hold at 4.75% for a fourth successive month.
In preparation for future rate rises borrowers should be scouring the market for a better deal.
Local Mortgage Choice franchise owner Kim Narayan said, "With lender competition increasing noticeably every week, anyone who hasn't checked their current home loan matches up with or betters what's available these days is doing themselves a serious disservice."
There are still home loans in the market with interest rates below 7%. There are no fee loans. There are lenders who will pay your exit fee if you move, depending on which lender you're currently with. There are lenders who require only a 5% deposit. Borrowers need to ask: ‘Am I taking advantage of today's market by trying secure myself the best deal?'
Borrowers who want to further explore the ins and outs of interest rates as they discover the new Australian mortgage landscape can visit Mortgage Choice's new infographic: www.mortgagechoice.com.au/tips-and-checklists/interest-rates-infographics.aspx
High profile lender 'break ups' to benefit consumersMortgage Choice says things are looking healthier for borrowers these days thanks to a couple of the major banks and a number of other lenders introducing a range of incentives to encourage people to switch home loans.
However, buyers must be cautious of moving until they understand the true benefit vs. cost equation.
Mortgage Choice franchise owner Kim Narayan in Parramatta said, "Let's hope borrowers look beyond fancy marketing campaigns and understand the true value of any incentives. My advice is to focus on comparing the real substance of home loan products available today. The benefits of switching must outweigh the overall cost of doing so."
The Mortgage Choice 2010 Refinancers Survey found those who switched loan product as well as lender saved more per month than those who simply switched products. Further, those who used a mortgage broker were more likely to switch both and to save money.
"I really hope we continue seeing a rise in well-priced, innovative home loans. However, it will make the mortgage market more complex for borrowers. Working with an experienced mortgage broker such as myself who has a large lender panel should help save time, money and confusion," said Kim.
With cash rate heat off it's time to re-stockAustralia's largest independently-owned mortgage broker, Mortgage Choice is delighted the official interest rate will remain steady at 4.75% for another month. Hopefully lenders follow suit.
Today's decision was most likely prompted by the last two quarters of consumer price index figures showing weaker than expected inflationary pressures, the housing market's continued subdued nature and uncertainty over the economic impact of the floods.
However, economists are saying it still looks likely we'll see at least one or two rate rises this year, so borrowers should prepare now by adding a little more to each mortgage repayment.
Fact: If someone with a 30-year $300,000 principle and interest home loan at 7% began paying $50 extra per week three years into their loan (and interest rates didn't move at all) they would save just under $96,000 in interest plus six years and three months off their loan term.
Which gender is more financially proactive?It is looking likely that males with home loans will outdo their female counterparts when it comes to re-jigging their personal finances this year, according to Mortgage Choice's latest research.
Despite predicted interest rate rises and increasing living costs, Australia's largest independently-owned mortgage broker found more than half the country's female mortgage holders (51%) had no plans to make changes to their financial situation in 2011 or were unsure if they would*.
In comparison, more than three in every five (61%) male mortgage holders plan to make changes.
Of the 49% of female and 61% of male mortgage holders planning personal finance changes in 2011, these were the most popular intentions:
Top 10 personal finance plans for 2011 Females Males
Review my budget 66.2% 71.2%
Review my mortgage/s 60.9% 61.3%
Cut back on my spending 56.4% 49.7%
Pay off my credit card/s 45.1% 41.1%
Refinance my mortgage/s 35.3% 27.0%
Increase my debt repayments 22.1% 18.8%
Take out another mortgage 16.6% 20.3%
Consolidate debts 17.8% 18.8%
Top up my mortgage 19.0% 16.5%
Reduce my debt repayments 19.6% 12.0%
Steps to combating rising living costsThis year, continued rises in food prices, utility bills, interest rates and other living costs will have a considerable impact on the budgeting efforts of property owners repaying a home loan.
'Great Australian Dream' is a widely celebrated feat but the reality of repaying a mortgage can be challenging at times. A financial review can lessen the burden and put you in good stead for the year.
Remember, you're not alone. Your financial planner, accountant, lender and/or mortgage broker can assist with budgeting, revising your repayment strategy, discussing alternative finance options and determining how you can make the most of your home loan and other debt commitments."
Considering buying? Shop around for loan pre-approvalJumping head first into a property purchase without confirmation from a lender of the financial limits may see a borrower falling short on funds because their dollars and sense don't match up.
Local Mortgage Choice broker Kim Narayan said, "It's always a good idea to know exactly how much you can afford to spend on your ideal property."
"Online loan repayment calculators are a handy starting point, however, borrowers-to-be need to understand they provide only an estimate of person's borrowing power and ability to repay.
"On the other hand, getting a home loan pre-approved by a lender provides a conditional approval of a loan amount."
Top five benefits of a home loan pre-approval are that it:
1.Gives you time, without the pressure to buy, to explore your loan options thoroughly. 2.Saves time (and lessens possible disappointment) by concentrating the property search in a feasible price range.
3.Enables real estate/buyers agents to see you as a serious property buyer.
4.Helps you gain confidence for bidding at auction or negotiating a purchase.
5.Quickens the settlement process as the loan is already part of the way approved.
Free Investment and First Home Buyer Seminars!I am hosting free seminars for investors and first home buyers respectively. Come along and enjoy a free Gloria Jean's coffee and learn tips, tricks and trends from special guest speakers including investment guru Nathan Birch!
To register your interest, please contact me on 0414 845 371 or kim.narayan@mortgagechoice.com.au
*This information refers only to loans provided by our panel of up to 25 lenders with whom Mortgage Choice has an arrangement, under which it receives commissions and other payments.