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Its a good idea to review and refinance your home loan

A mortgage is most likely the largest investment you will make, so you should regularly assess your home loan and see if refinancing can provide you with additional benefits. #refinance #homeloan #Creditcarddebt #mortgage#interestrate #broker #investment
Refinancing is when you switch your mortgage to another lender. There can be multiple benefits to refinancing.
1. To cash out home equity
Refinancing your home loan can be a great way to access home equity so that you can invest in another property. This is called ‘gearing’. Alternatively, you can use your equity to renovate, for home improvements or any other worthwhile purpose.
2. To consolidate debt
Rather than carrying personal loans or credit card debts at high rates, you should consider consolidating them into your home loan so you can pay off your debt at the lower rate. This enables you to pay the debt off faster and potentially save thousands of dollars in interest payments providing you maintain you repayments at current levels.
Madhu and her team can help refinance your home. Discuss on 0425 341 086.

THE SAME HOUSE OFTEN IS VALUED DIFFERENTLY

elephant (1)

Ever wondered why a home can be listed for one price, valued at another, lender-valued at yet another price and then sold yet another? #HomeBuyer#FirstHomeBuyer #Valuation #HomeLoan#ElephantStory This scenario is like the tale of the 6 blind men and the elephant. Each touched a part of the elephant and decides the whole big picture without any input from the others. The bank value If your home is mortgaged then your lender will definitely value it. This gives the lender security against the borrowed amount if you cannot pay your mortgage and the lender must sell the property to recoup its debt. Hence a bank valuation is usually conservative, sometimes 10%-20% less than the current selling prices of comparable homes. The selling agent’s price appraisal Real estate agents are commonly asked to assess the market value of a property. This will often help a vendor decide who to engage to sell their home. An agent will inspect the home and research comparable sales in the local suburb or town before producing written feedback with a sale price estimation such as “between $X and $X” or “from $X”. This price guide is used when advertising the house. The sale price The price the successful buyer is prepared to pay, and the vendor is willing to accept, on the day the contract is signed is the property’s legally binding sale price. Hot markets, high demand in certain areas and a big turnout on auction day can all have an effect on the final sale price for a property. The local council’s valuation The annual local municipal rates bill shows the notice a Capital Improved Value (CIV), site value, net annual value (NAV) and/or gross rental value (GRV). These figures are calculated using comparable sales data and the bi-annual figures from the State Valuer-General’s offices. Councils and water and fire authorities, use these figures to work out how much homeowners owe them for using their infrastructure and services. The homeowners’ price Every property owner will have a ‘dream price’ in their minds when they come to sell. It includes the memories, convenience factor and any add-ons made to the property. In the end the market will usually decide a property’s value by what a buyer is willing to pay for it at auction or through private sale. Are you looking for a valuation on your property? Contact me on 0425 341 086 or https://www.facebook.com/Madhu.Chaudhuri.FMS/ for a free property valuation.

How to make the most of a small renovation?

Renovation paint card

Budget Renovation

Purchasing a home is a big expense and unless you have built a new home, the expense does not end at simply buying the home. The following are the top 3 most popular and value adding renovations you can do for your home. They just happen to also add comfort and style as well. #renovation #refinance #homeowner #Firsthomebuyer #newhome #homeloan #mortgage
1) Kitchen
The kitchen is where the family and guests often spends the most amount of time. Unfortunately, it is also one of the most expensive rooms in the home to renovate. As kitchen cabinetry trends go in and out of style within a decade it can often be the one area of your home that can look dated quickly. An updated paint job will bring warmth to this heart of the house.


2) Wooden Deck or Alfresco
When home buyers look at houses, a deck is one of those items that almost everyone can picture doing certain activities on, cementing your home’s resale value. While a house costs about $85 per square foot, the deck is only $35-$50 per square foot, means that you get a lot of value out of this added usable space. For example, making an outdoor living room with a grilling station is a great way to enjoy your home inside and out.


3) Garage Door
The garage door is often neglected. It represents about 20% of the front of your home visually if it faces the front. A new automatic electric door can also provide that luxurious comfort of simply driving into the garage during hot summer or cold winters, making its value and luxury unbeatable.

Contact Madhu on 0425 341 086 to capitalise on your home's equity to fund your renovations or comment on Facebook.

Venturing into the unknown

the-journey

As an entrepreneur, when you are expanding into new territory , you’re not always equipped with a GPS. However, you can still map out your journey if you ask the right questions. The right questions will uncover the road you need to take, and help you to identify the obstacles that you may face.

Once you have this knowledge, you can then take steps to remedy the obstacles and expedite your journey into successfully establish your business in the new territory. #motivation #mentor #unknown #brandawareness #competition
Questions should be asked in the following areas to help you to extract
the insights from the sources and give you direction on how you should
approach your business expansion:
1. Responsiveness: Are consumers unresponsive to the benefits offered
by your brand?
2. Trust: Do consumers lack the confidence that you will deliver for
them the benefits of your brand?
3. Competition: Do consumers believe they already have these benefits
through another brand?
As you collect data from answering these questions, you will be able to identify certain obstacles - or gaps - which you will need to manage in order to ensure that your growth plans are successful.


I have successfully built a business by asking the right questions and then evaluating my chances. Ask Madhu your questions on 0425 341 086 or at loans@financeandmortgage.com.au. Read more on Facebook.

Renovation paint card

Renovation paint card

Purchasing a home is a big expense and responsibility. When you take possession or live in a home for a few years, you tend to want to make changes. The following are the top 5 most popular and value adding renovations you can do for your home.

#homeowner #HomeBuyer#Renovation #Construction #HomeLoan #Mortgage #DIY

Entry Door
Your front door is the first impression many visitors will have of you and your home. Getting a door that suits your taste allows you to differentiate yourself from your neighbors. A steel entry door provides the best value, security and energy efficiency or a fresh coat of bold paint will make a statement. It also makes an easy DIY renovation project.

Wooden Deck
When home buyers look at houses, a deck is one of those items that almost everyone can picture throwing a party on. It also adds a lot of value and added usable space in your home.

Pergola
A pergola offers a sleek and stylish option to not only protect your deck investment, but also you and your furniture. Having a covered portion of your deck allows you to still use your beautiful deck and backyard even in difficult weather.

Kitchen
The kitchen is often the room where every member of the family spends the most amount of time. Unfortunately, it is also one of the most expensive rooms in the home to renovate. As kitchen cabinetry trends go in and out of style within a decade it can often be the one area of your home that can look dated quickly. An updated paint job or just changing the hardware will make a big impact.

Garage Door
Finally, the garage door is often neglected. It represents about 20% of the front of your home visually if it faces the front. A new automatic electric door can also provide that luxurious comfort of simply driving into the garage during hot summer or cold winters, making its value and luxury unbeatable.

Contact Madhu on 0425 341 086 to value your home and to capitalise on your property's equity.

Looking for a low-maintenance home?

Conta

Container home

As a home owner one of your main considerations will be initial and ongoing maintainance costs. A new trend to consider is a container home. #HomeBuyer #FirstHome #Homeconstruction #GrannyFlat #HomeLoan #Containerhome #innovation

These homes are made from old shipping containers which are then modified to fit the size requirements of the home owners. They can be used as building blocks for homes, granny flats, shops or offices. The containers are like giant Lego blocks that can be built into anything at all.

They are cost effective, quick to build and tolerate harsh weather well (imagine transporting goods on cargo ships and being handled by cranes and trucks for years). These homes are eye catching and talking points and you sure to be the star.

So, consider this new trend while looking into your next home be it an investment or one you are planning to live in. Call Madhu on 0425 341 086 to explore the best finance option for you. Read more on our Facebook Page or on LinkedIn.

Sydney & Melbourne to follow London Markets ?London

At the end of 2016, we reported that the formerly invincible London home market had suffered its biggest crack in years, when home prices plunged the most in six years according to Rightmove. #London #RealEstate #HomeMarket #Mortgage

Asking prices in London dropped 4.3% in December with inner London down 6%. Meanwhile, the most exclusive neighborhoods, like Kensington and Chelsea, recorded even sharper declines at nearly 10% as home buyers migrated to cheaper areas of the city.

While it was unclear what the catalyst was: whether post-Brexit nerves, China’s crackdown on capital outflows, the ongoing depressed commodity market, or reduced migrations by wealthy Russian and Arab oligarchs, what is obvious is that the slump has continued. According to the Royal Institution of Chartered Surveyors, its price balance for the city fell to the lowest since February 2009 last month, plunging to minus 49, which means that a greater percentage of agents reported drops in March.

Closer to home, the Sydney and Melbourne real estate market seem to be at a knife's edge with experts claiming that a property bubble burst is on the horizon.

Call Madhu on 0425 341 086, for expert opinion and advice on the Australian market and the best mortgage suited to your needs.

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