John Pellegrini
Mob: 0432 963 876 (WA FB Lic No: 5056)
Your local mortgage broker and home loan professional servicing the Alexander Heights and Marangaroo areas
Currently specialising in investors, refinancing and first home buyers; we look forward to assisting you with strategies to:
Purchase an investment property or use equity within your home to fund other investments.
Refinance your mortgage, credit cards and personal loans into one loan with a lower interest rate.
Purchase your first home - We can assist you with the government initiated First Home Owners Grant, and all the paperwork that goes with it.
Pay off your mortgage years sooner.
We offer a very high level of customer service and make the process of achieving your dreams as simple as possible.
We service Alexander Heights, Darch, Girrawheen, Koondoola, Landsdale, Madeley, Marangaroo and the surrounding areas.The office is located in the Alexander Heights Shopping Centre, and we look forward to you popping in at any time for a cuppa.
If you wish to have a discussion after hours we are fully mobile and our office is your home or wherever you choose, at a time that is suited to you. We do not charge you for the service that we provide.
Contact us today on 08 9343 3424 or mobile 0432 963 876 for an appointment to discuss your needs, or any further assistance that you may require.
Latest news from the Reserve Bank
With consumer and business spending, building approvals, housing finance and retail sales showing lacklustre results, we believe the Reserve Bank has made an accurate decision in keeping the cash rate at 4.5%.
Existing and potential property owners will be elated to hear the cash rate is on hold for a second month, as they reassess their budget for the new financial year. It means lenders will be much less likely to move mortgage interest rates up as winter takes hold.
Interest rates stood at an emergency setting over much of 2009, but they rose very quickly from then on and caught many people unaware.
Slowed housing finance demand and prices is a good thing, however, for those looking to enter the market. Less competition means some local areas may become a buyers' market. Anyone with a healthy deposit or equity, a steady income, few debts, a good credit record and solid employment, may find they are well placed to build upon their financial portfolio now by buying property.
Clever borrowers used the relief of decades-low rates over late 2008 and most of 2009 to get ahead with their repayments and prepare for changes to rates and their financial situation. Many continue to do so. Mortgage Choice's 2010 Recent First Homeowners Survey found 64% of respondents were making extra repayments, with the majority contributing as much as possible. This not only helps a borrower create a financial buffer, it shaves time off their loan term and off the overall interest owed.
* Mortgage Choice brokers are paid the same commissions regardless of which lender or product from our panel you choose (This information refers only to loans provided by our panel of up to 24 lenders with whom Mortgage Choice has an arrangement, under which it receives commissions and other payments).
Testimonials
Right from the first phone call John's confident and positive attitude to finding us a suitable loan was very reassuring. John has excellent communication skills and kept us well informed throughout the whole process. We would return without any hesitation
Jim & Kara Woodvale
We are extremely happy with the service you provided and impressed with the professionalism and enthusiasm you have shown, especially considering the many obstacles we have faced in securing our home loan.
Edmond and Lee, Beechboro
I liked the way you explained everything in plain english. I also was impressed with your thourough follow up throughout the whole process.
Mark and Monica, Ellenbrook
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.