Out and About September 2017

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Mortgage Broker, Darwin, Home Loan

Well the Darwin festival is over for another year with some great events.
Still amazing weather with cool nights and balmy days.
Darwin has a new Lord Mayor, Kon Vaskalis in a close battle with the previous incumbent Katrina Fong Lim. Darwin Lord Mayor's have a chequered track record on trees, here's hoping that Kon leans towards the George Brown theory of trees in the Top End.
First home buyers have plenty of opportunity in today's market but getting a deposit can be daunting, here we look at getting into a property in Darwin with no genuine savings.
Also we have a look at an interesting investment initiative which also looks to bring more work to the Territory.
Finally there are some great interest rates available and you could be putting the savings to good use.

Deal of the week

First Home Buyer, No Genuine Savings, $10,000 in the bank?

Are you looking to purchase your first home, but have no genuine savings? Can you come up with $10,000 deposit?We can offer:• 95% LVR home loan.• No Genuine savings required.• 4 week settlement time frame.

So to do the numbers, the cheapest existing house in Nightcliff this week is $144,000. As a First home Buyer you would be eligible for the stamp duty exception, so the costs are made up of Legals and Lenders Mortgage Insurance, now everyone's circumstances are different but for $10,000 you could be in this home in ten weeks with no genuine savings.

If a new property is more your style this unit in Parap is $359,000.As a First Home Buyer you would be eligible for the First Home Owners Grant of $26,000, so the costs are made up of Legals, Stamp Duty and Lenders Mortgage Insurance. Again acknowledging your circumstances are unique you could be in this property in ten weeks for $10,000 with no genuine savings.Would you like to know more? Call Nick Kirlew Mortgage Broker on 0447 499 794.

Development Investment in the NT

The Northern Territory Government is looking for 250 new or near new homes in the NT over the next two years. In an arrangement that looks similar to defence housing the developer/investor gets a guaranteed market interest rate (at commencement) for 6 years with a further 3 year option. NTG then lets the properties to low income and other disadvantaged citizens and charges 16% management fees. The properties are returned in good order after the lease term. More information here: https://dhcd.nt.gov.au/ and here: https://dhcd.nt.gov.au/our-services/housing-development-opportunities/social-housing-head-leases. It will be interesting to see if there is appetite for investment properties of this type in Darwin, Katherine, Tennant Creek and Alice Springs.

Top Six Interest Rates

I have selected the best value rates we have, see the full set of recommended loans here: https://arafin.com.au/interest-rates, We have access to 30 lenders and 100's of loans.

Don't be like the Reserve Bank and put your plans on hold like they do with interest rates!

There’s no doubt many things that you would like to do, and my advice to you is "Go for it!"...
I will do my best to help make this happen for you, call on 0447 499 794.
While the Reserve Bank continues to put interest rates on hold, I want to inspire you to do the opposite with your plans. Make them happen!!!
Which one of these things can I help you with?
Money for…
A Holiday?
A New Home?
Renovations?
Debt consolidation?
Breathing space?
An Investment property?
A Pool?
A Car?
To pay off credit cards?
Business?
Contact Nick Kirlew Mortgage Broker for a free consult on 0447 499 794

I have created a free Facebook group for all my clients to join where I answer general questions, explain important changes and new options on the market, as well as to keep you updated with anything I think you would find important about your mortgage. I know you would find it of value. Simply click on this link: https://www.facebook.com/groups/NickKirlewMortgageBrokerGroup/
to join. Cheers, Nick.

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Arafura Finance Brokers is an Authorised Representative (No. 420372) of BLSSA Pty Ltd, ABN 69 117 651 760. Australian Credit License Number 391237.

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Contact Nick Kirlew Mortgage Broker on 0447 499 794.

Darwin, Refinance, Home Loans, First Home Buyer, Mortgage Brokers.