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Richard Windeyer

Mortgage Broker Charlestown | Home Loans

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Mortgage Broker Charlestown

Mortgage Broker Charlestown | Home Loans

Greetings, I am Richard Windeyer, a seasoned Mortgage Choice broker in Charlestown of over 14 years. Helping the residents of Newcastle and Lake Macquarie realise their dreams of home ownership. If you're a first-time homebuyer, looking to refinance, consolidate your debts, or explore property investment opportunities, I'm here to support you throughout the entire process.

Our service is free to you - the lender pays our fee.   


Need a hand? I'm here to help

Hi there! Richard Windeyer here.

Reach out if you have any questions.

Your friendly mortgage broker in Charlestown


Insights into the Charlestown market for prospective buyers.

According to and as off March 2024 the median house sale price in Charlestown is $890,000 and the median unit price in Charlestown is $595,000 

Home loan and mortgage services in Charlestown

Selecting me as your Charlestown Mortgage Broker means gaining the backing of my exceptional team, ready to address all your inquiries and steer you through the process. We have established ties to over 30 home loan lenders, I can suggest the most suitable loan tailored to your specific needs.

Our service is provided at zero cost to you.
I specialise in home loans for the following:

 First home buyers

 Upgrading and downsizing

 Investment properties

 Refinancing and Debt Consolidation

 Accessing equity

 Contruction loans


So what is the process

  • Initially, we'll schedule an introductory call to discuss your objectives. This is where much of the groundwork is laid; we take pleasure in understanding all your aspirations, including those you may not have realized yet.
  • Following this, we'll send you an email requesting documentation, allowing us to thoroughly assess your situation.
  • Once we've received all your information, we'll arrange either an in-person meeting or a Zoom call, depending on your preference, to review your scenario together and explore your loan options.
  • Should you opt to proceed with the application, we'll submit it to the lender and monitor its progress from the start to settlement. Our team will provide regular status updates, ensuring you can relax and have confidence throughout the process.

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Refinancing Broker Charlestown

How much could you save by comparing your home loan?   

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When was the last time you reviewed your mortgage in Charlestown? 

When it comes to refinancing, the most challenging question is often, 'where to begin?' With access to more than 30 lenders, Richard will work hard to find you the best option. 

Do you know what your current interest rate is? Research shows that more than half of Australian mortgage holders don't know the interest rate they are paying on their home loan.  

Maybe worth reaching out and having a FREE Home Loan Health Check. I will compare hundreds of options with your current loan to see if you could save. Some lenders are also offering cashback if you meet certain criteria. 


Refinancing FAQs

Refinancing is the process of settling your current mortgage by obtaining a new loan, whether from your current lender or from another:
What does refinancing involve?
  • Refinancing enables you to adjust your home loan to better fit your current situation. You should at least have an annual Home Loan Health Check to determine if the initial home loan you selected remains the most appropriate choice for you.
What is the process of refinancing?
  • When you take out a new home loan, you use some or all of the funds to pay out your existing loan. The new loan often comes from a different lender, but many people refinance with the lender they've been using for years. If you move to a new lender, that lender will take care of paying out your existing loan.
For what reasons do people typically refinance?  
Home loan refinancing serves various purposes, such as:
  • Enhancing your home through renovations or additions like a pool.
  • Consolidating debts like credit cards by incorporating them into your home loan.
  • Securing a lower interest rate, even if it entails sacrificing certain loan features.
  • Accessing funds for significant purchases like a car.
  • Transitioning from a variable rate to a fixed rate, possibly to mitigate the risk of increased repayments.
Some benifits to refinancing.
Below are several advantages you might gain from refinancing:
  • Assurance - Opting for a fixed rate can provide peace of mind, ensuring consistent monthly repayments.
  • Lower monthly repayments - Accessing a lower interest rate can result in reduced monthly payments.
  • Accelerated loan repayment - Increased flexibility may enable you to pay off your loan faster.
  • Consolidation benefits - By combining credit cards, personal loans, or other debts into a lower rate loan, you could decrease your overall monthly repayments.
  • Equity release - Refinancing can free up extra funds for renovations or investment property purchase by unlocking equity in your current property.


First time home buyers in Charlestown

Buying your first home is an exciting time, but can also be overwhelming.

Available grants, borrowing capapcity, how does a guarantor work?

It's understandable that you may have numerous inquiries, and that's where our assistance comes in. I'm here to alleviate the pressure of securing your first home loan by offering expert guidance and support throughout the process.


Some First Home Buyer FAQs

What is the amount of funds that I am eligible to borrow?
  • Your borrowing capacity, also referred to as borrowing power, is calculated based on your individual financial situation. Factors such as your income, assets, liabilities, and credit history all play a role in determining this. Additionally, the amount you can borrow may vary between different lenders.
  • Our home loan calculator will give you an initial idea of how much you can borrow. I'm here give you a complete individual assessment of your situation.
How can I decide which home loan option suits me the most?
  • I'm here to assist you in identifying the most suitable home loan from the extensive range provided by our panel of lenders. Evaluate the questions in selecting the Right Home Loan to determine which loan features align best with your needs.
What amount do I need to save as a deposit?
  • The deposit varies mainly based on the chosen home loan type and the lender you opt for. Typically, for owner-occupiers, a deposit of 5-10% of the purchase price is needed. Certain first home buyers may qualify for a deposit as low as 5% through the Government's First Home Loan Deposit Scheme.
  • For investors, it's ideal to have 10% of the purchase price, though purchasing with less is also feasible with some banks.
What grants am I eligble for?
  • There a number of grants available depending on state. Like "First Home Owner Grant" or FHOG.  The First Home Owner Grant is a one-time cash payment accessible to first-time homebuyers to assist with the expenses of purchasing their first home or acquiring vacant land for home construction. This grant does not need to be reimbursed and is not subject to taxation, although certain conditions apply.
  • Family Home Guarantee Scheme, Regional Home Guarantee Scheme plus a few others.
Taking the first step towards owning your own home is both thrilling and daunting. It's expected that you'll have numerous questions, and that's where I come in. Reach out to Richard from Mortgage Choice Charlestown who can walk you through the best options for your situation. 


Construction loans Charlestown

Constructing a brand-new residence, undertaking significant renovations on an existing property, or adding a granny flat are thrilling endeavors for homeowners. 

If you're contemplating building or revitalizing your current home, it might be advantageous to explore the option of a construction loan.

It's understandable that you may have numerous inquiries, and that's where our assistance comes in. I'm here to alleviate the pressure of securing your first home loan by offering expert guidance and support throughout the process.


Some Construction FAQs

How should I pay the builder?
  • At each stage of your project, we conduct inspections and pay the builder directly for completed work, known as drawdowns. The number of drawdowns depends on your agreement with the builder and lender. During the construction loan term, repayments are interest-only, shifting to principal and interest after completion unless you request an extension.
What is the cost of building a house?
  • Each home is unique, but undoubtedly, embarking on building a new house is thrilling. Before you begin, understanding the anticipated cost is crucial to determine your borrowing needs. There are several resources available to guide you in asking pertinent questions and estimating a construction budget.
What does the progressive drawdown process entail?
  • Prior to commencing construction, your builder will draft a contract detailing every construction phase and its respective expenses. Subsequently, we incrementally draw down your loan to cover the builder's expenses at each stage. Typically, your construction loan involves interest-only repayments throughout the construction period.
Is it possible to utilize a construction loan for significant renovations on my property?
  • Certainly. Whether it's a modest property extension or a complete teardown and rebuild, a construction loan enables you to access funds from the loan incrementally as your invoices are received. This approach ensures cost savings, as you only accrue interest on the progress payments until the loan is fully utilized.

What are the phases involved in constructing a house?

  • Typically, building a house with a construction loan involves five stages, with financing provided at each stage. While stages may vary by location, the common building phases include foundation, framing and brickwork, lockup, second fix, and completion.

How do construction loans work?

  • A construction loan is designed for individuals constructing or renovating a home, rather than purchasing an existing property. These loans provide flexibility in cash flow, allowing you to draw down funds gradually during the construction process. This means you only pay interest on the amount you utilize.
It's expected that you'll have numerous questions, and that's where I come in. Reach out to Richard from Mortgage Choice Charlestown who can walk you through the best options for your situation. 

Upsizing & Downsizing in Charlestown

Questions to Ask Yourself when Upsizing Your Home.

Mortgage Broker Charlestown

There are numerous factors that could lead you to contemplate upgrading your residence. Whether you're anticipating an expanding family or finding your current space insufficient, the decision to upsize is significant in terms of finances.

It maybe possible to keep your existing home and turn it into an investment property.

Before making a commitment, it's important to take a moment to ask yourself some key questions. 


Upsizing FAQs

Expanding your living space can be both thrilling and challenging. Here are some commonly asked questions (FAQs) about upsizing your home, along with concise answers:
Determine the value of my current property?
  • Assessing your property before considering upsizing will provide insight into the current worth of your home. This assessment will also reveal the appreciation rate of your property's value since its initial purchase, aiding in determining its market value and potential selling price.
  • Seek an appraisal price range from 2 to 3 real estate agents.


Understand Your Borrowing Capacity?
  • Once you have an estimated price range seek pre approval from your mortgage  broker. Typically your broker will use the low end of expected sale range. Work out how much surplus you will be left with after clearing your current mortgage plus expenses. Real Estate commision, conveyancer and bank fee's.
  • Decide how much of the surplus funds you wish to put towards the purchase and how much you wish retain.
  • Give consideration to moving costs, any improvement you may need to do.
  • Unexpected costs such as the fridge and washing machine you own now may not fit the new space.
Other costs to consider?  
Expanding to a larger residence entails increased maintenance tasks. From cleaning extra rooms to tending to a larger yard, upsizing results in escalated chores and maintenance responsibilities.
Moreover, acquiring a bigger house entails elevated:
  • Expenses for furnishing
  • Property taxes
  • Insurance premiums
  • Utility bills
Get a fully assessed Pre Approval.
  • A fully assessed pre-approval is a thorough evaluation conducted by a lender to determine the amount of money they are willing to lend you for a mortgage. This process involves a comprehensive review of your financial situation, including your income, assets, credit history, and debt-to-income ratio.
  • Unlike a basic pre-qualification, which is often just an estimate based on self-reported information, a fully assessed pre-approval involves verifying the information provided by the borrower through documentation such as pay slips, tax returns, bank statements, and your credit reports.
  • The advantage of obtaining a fully assessed pre-approval is that it gives you a clearer picture of how much you can afford to borrow but it also strengthens your position when making an offer on a home. Sellers may be more inclined to accept an offer from a buyer who has already been fully assessed for a mortgage, as it indicates a higher likelihood of the deal going through smoothly. 

There is no cost to getting pre approved.

There are many elements to consider when you're thinking about downsizing. It's therefore a good idea to reach out to Richard from Mortgage Choice Charlestown who can walk you through the best options for your situation. 


Things to consider when downsizing!

Once the children have left the family home and you've become empty nesters, many older Australians might contemplate whether it's the right time to downsize.

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Downsizing FAQs

Possible advantages of downsizing:
Eliminate debt.
  • If your home loan hasn't been fully repaid, downsizing to a smaller (and more affordable) residence could assist in accomplishing this goal.
Decrease recurring expenses.
  • A smaller residence typically demands less upkeep, both indoors and in the garden, and incurs lower heating and cooling expenses. Investing in a newer property may also offer more efficient heating and cooling solutions, such as solar panels, water tanks, upgraded appliances, and a more streamlined design.
Discover a residence that better suits your needs.
  • The family home that served you well, apart from feeling empty is no longer practicle. The bigger family home has an impractical layout, downsizing could enable you to select a more suitable living space that accommodates your current requirements.
Factors to consider when downsizing.
  • Moving expenses
  • The emotional and sentimental burden
  • The physical exertion involved in moving
  • Social considerations
  • Discovering the ideal location 
There are many elements to consider when you’re thinking about downsizing. It's therefore a good idea to reach out to Richard from Mortgage Choice Charlestown who can walk you through the best options for your situation. 


Award Winning Online Mortgage Broker in Charlestown

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Get Your Mortgage Secured with the Aid of Our Online Mortgage Brokerage Services

With the industry's shift to online services in 2020, we have embraced this change and continued to offer a free online mortgage broker service. As a Mortgage Broker, I understand the importance of providing a seamless and convenient service for my clients particulary if you're time-poor and unable to meet in person and want to get the ball rolling now. 

Zoom and google meet has become an integral tool in the mortgage industry, enabling mortgage brokers to connect with clients virtually and conduct meetings remotely. With Zoom, mortgage brokers like myself can offer clients the same level of service and expertise as an in-person meeting, without the need for physical face-to-face contact. 

Get started now!

Quick 12 questions to get the ball rolling. 

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Property Investment Mortgage in Charlestown

With the appropriate strategy, diving into property investment can be more manageable than you might imagine.   

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Accessing the equity in your property to invest.

If you've been a homeowner for a while, it's likely that you've accumulated a decent amount of equity, which can serve as a valuable asset for property investment endeavors.

We can help you to find out how much equity you have in your home, and how you might be able to use it to own an investment property sooner. 


Property investment FAQs

Australians are big fans of investing in residential property. Generations have built their wealth on bricks and mortar, secure in the knowledge that residential real estate can deliver regular, tax-friendly rent returns and long term growth in value:
What are the benefits of property investment?
  • Investment properties offer numerous advantages for building long-term wealth. With careful selection and planning, property investments can yield favorable returns for investors over time.
Is there a distinction between an investment loan and my current loan?
  • There are some distinctions between borrowing for a property you'll live in versus one you'll rent out, but they're not significant. While some lenders may impose higher interest rates for investment properties due to perceived risks, this isn't always the case.
Is it possible to utilize the equity in my home as a deposit?  
  • Rather than seeking a cash deposit to purchase an investment property, you have the option to utilize the equity in your home as the deposit. Equity represents the value of an asset that is not encumbered by any lender's interest. For instance, if your property is valued at $500,000 and your outstanding mortgage is $150,000, the equity would amount to $350,000.
What fees and charges should I take into account?
  • When purchasing a property, it's important to factor in various fees such as establishment fees, solicitor fees, and stamp duty, which can amount to several thousand dollars.Instead of scrambling to gather cash for these fees, consider incorporating them into your borrowings. This approach eliminates the need for a substantial amount of savings to initiate your investment journey. 
What does negative gearing entail?
  • A property is considered negatively geared when its expenses—such as loan interest, bank fees, upkeep, repairs, and depreciation—outweigh its income. In simpler terms, your investment needs to incur a loss before you're eligible for tax benefits.

What does positive gearing entail?

  • Positive gearing is when the income from your investment surpasses your interest costs (along with other potential deductions). It's essential to be aware that any income earned from a positively geared investment may be subject to additional taxation.

Mortgage Choice Charlestown

📍 Level 1/1 Hopetoun St, CHARLESTOWN 2290

Mortgage Choice Charlestown

Our office, your office, or your home means more convenience and at no cost to you.
 Areas we service:

As your Mortgage Broker, we serve Morisset to Cameron Park, Newcastle to Swansea, Hunter Valley, and anywhere in between. Let's meet where it suits you best: my office, a nearby coffee shop, or online via Zoom.


 Start your home loan journey today

Mortgage Broker Newcastle and Lake Macquarie  Mortgage Broker Newcastle and Lake Macquarie

Richard Windeyer

Mortgage Broker 

Newcastle & Lake Macquarie

Mel Hancock

Loan Processor 

Newcastle & Lake Macquarie


More about Charlestown

Nestled in the hills overlooking the stunning coastline of Newcastle, New South Wales, Charlestown is a thriving suburb renowned for its scenic beauty, bustling commercial center, and strong sense of community. Anchored by the sprawling Charlestown Square shopping center, residents and visitors can indulge in a plethora of retail, dining, and entertainment options, making it a vibrant hub for social activity. Beyond its commercial offerings, Charlestown boasts an abundance of green spaces, parks, and recreational facilities, providing ample opportunities for outdoor leisure and relaxation. The suburb is also home to a variety of schools, healthcare services, and amenities, catering to the needs of its diverse population. With its panoramic views, convenient amenities, and welcoming atmosphere, Charlestown embodies the perfect blend of urban convenience and suburban charm, making it a highly sought-after destination for both residents and visitors in the Newcastle region.



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