3/670 Anzac Highway
GLENELG EAST SA 5045
Tel: 08 8376 8168
Fax: 08 8376 8167

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The Wendy Higgins Team - Specialist Home Loan Broker in Glenelg and suburbs West of Adelaide

Wendy joined the Mortgage Choice team in February 1998, after spending 24 years with the ANZ Bank, her last position as Branch Manager at Glenelg

WHY MORTGAGE CHOICE ?

We have 25 lenders on our panel to find a suitable home loan for you. This means we can offer you a wide range of professional Home Loan advice depending on your requirements including:

  • First Home Buyers
  • Refinancing Existing Home Loans
  • Debt Consolidation
  • Investment Property Loans
  • Fixed vs Variable Rate decisions
  • Selling or Moving Home
  • Top up existing loans


Wendy has won numerous awards including: - Mortgage Choice National Franchisee of the Year (three times) - Franchise Council of Australia Award Winner (four times) - Personal Australian Mortgage Awards Salesperson of the year (two times) - Mortgage Choice Hall of Fame, Inaugural Inductee 2005

Needless to say, you are in safe hands when one of Wendy's team is helping you to achieve your financial goals! Her nine specialised staff have each been hand picked for their extensive experience and knowledge of the banking and finance industry.

Supporting the local community is very important to Wendy's business, and her sponsorship of over 20 local sporting clubs and charities is a testament to her drive and enthusiasm to the Holdfast Bay area.

Wendy's office is located on the corner of Anzac Highway and Brighton Road. There is ample parking for all visitors - entry is off Anzac Highway traveling west from the city, just before you reach Brighton Road.

Fight back: health check your home loan

It's time to take control of your mortgage situation. Don't sit back and hope for the best while interest rates rise around you. Health check your home loan now.

Did you know that a borrower with a 30-year $300,000 home loan who switches from a product with an interest rate of 7.8% to another that is the same apart from a 7% rate will save almost $164 per month and just under $59,000 over the loan term?

We suggest these steps for researching refinancing:

  • Ask your lender about your exit fees. Note this when weighing up the upfront costs of moving to, and setting up, another loan versus the overall savings. It may be cheaper than you realise or enough to keep you from moving. Either way, it's better to know than wonder.
  • Negotiate with your lender for a better deal. Your lender may want your business enough to sweeten their offering.
  • Understand what you really need in a home loan. Interest rate is important but it's not everything. There are many loan features available and some have ongoing fees attached. Perhaps you can save money by dropping features you don't use.
  • Research the market to see if there's a better home loan that's tailored to your needs. Trawl the internet, call a wide range of lenders or have a mortgage broker research for you.
  • Consider the pros and cons. Add up your current loan's exit fees and the new loan's set up fees plus any other initial and ongoing costs. Compare that with the savings you will make during the time you will stick with this new loan.

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.

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