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Mortgage T ere
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Insider Issue 3
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$$ $
Learn how you
can improve
the value of
your home.
Put $1,000s
back in your
pocket.
Get a better
sale price, a
faster sale or a
better
valuation.
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more p r o v click
information, e mthis
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Mortgage Insider - Issue 3 - Page 4 of 20
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Common Mortgage
Refinance Mistakes
During the process of getting a
mortgage refinanced, many
things might go the wrong way.
The mistakes made while
refinancing the mortgage may
cost more a fortune for the
borrower. Most of us, who
overpay for their mortgages,
may not even be aware of it. To
avoid this, the borrower should
take some time while
researching for the options of
mortgage refinance and should
contact different lenders to get a
better idea on how it works.
Some of the valuable
suggestions are given below:
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disastrous commute this morning and I ran savings jar? You can then use this money towards
anything. Clothes, food, movies, a long needed vacation, a
through a checklist in my mind on how I could go
car, anything basically, be as inventive as possible!
about saving $100 a week so that I could invest in
other things that would make my life easier or just Savings: ~$20 per week (based on 2 family members).
more enjoyable for that 3. Change adds up quickly, don’t let it disappear
matter. under your
couch.
As I sat there, waiting for the D
You’re at your local
train to make its way out of the
StarBucks and you
Bronx and into Manhattan I
order a cappuccino
began my brainstorming. One
for $3.42. You get
thing after another and I
an ugly $0.58 cents
realized that there was a lot
back. I used to
you could do to save money
forget about this
with some simple tips. By
change, lose it, or
employing some of these tips
stuff it down my
you can save a bundle every
pants pocket for it
week and save it towards
never to be seen
something you would really like
again.
or to invest it. Let’s get to the
list. A week ago I
started saving all
1. Bag your lunch and bring it to work.
my change, I mean every single penny and dime. Then at
This is a goldmine so to speak. Personally, I spend about the end of the week I went to a coinstar machine at my
$7-20 a day on lunch while I’m at work depending on what I local grocery mart. How much did I save? $9.87. I was
feel like eating, the fact that I work in downtown Manhattan shocked really, I didn’t know it added up so quick. I was
doesn’t help. Let’s make the average to $10. well on my way to an easy extra $100 a week.
I could save a bundle if I were to make a sandwich for Savings: $5-10 per week.
about $2-3 from home and bring it to work (buying coldcuts
Click here for full story
at the local grocery store), along with a $1 softdrink thats
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Our next client was Ken, who was a Trust me when I say that Ken and
homeowner who was induced by an Mary aren't stupid. However, when it
advertisement to refinance. He came to making important mortgage
switched to lender who offered a good decisions, Ken and Mary were
rate for a 5 year term. Ken however certainly not smart. Mary didn't
had a second mortgage that needed to understand what amount of mortgage
be refinanced in a year. The main debt she could truly afford. Ken didn't
reason for the second was when Ken understand how to make refinancing
purchased the home the lender decisions.
wouldn’t advance the entire amount of
the mortgage. However, the bank By Duncan Seward
manager was sincere in his belief that
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Mortgage Insider - Issue 23 - Page 11 of 20
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t is very important to notice that and dinner. The overdue rates at the student driver’s license, before they
the current generation of young video store. That planned movie date graduate from high school. The
people is getting more and more the succeeding night. Not to mention earlier, the better! Because in the real
involved into a lot of things the real responsibilities. Payment for world of credit cards and mortgage
rent electricity, heating and water payments, anyone who does not know
which were either nonexistent or how to stretch, squeeze, scrimp and
bills… not to mention tuition fees. And
possible in the past. Besides the nothing but a limp, twisted wad of save money for all its worth ends up in
usual late night drive-in movie or money intended to last for the rest of financial trouble, to say the least. And
mid-afternoon soccer practice, the week. it is very disheartening to splurge all
today’s technologically savvy day with nothing to answer for it but
youths can write a letter, talk to a It is but human to succumb to the candy wrappers, pizza boxes, dirty
friend, listen to a playlist of more pressure of spending while there is laundry and old magazines. Young
than a thousand songs, update a money to spend it with. Even matured, people should learn more about taking
social networking personal responsible, emotionally stable adults care of personal finances, while they
page, and send a letter of fall for it, so why should young people are still young and ready.
application to a favored be blamed for it? The real problem is
the lack of
university, all at the same time,
education,
and all this while squeezing a both from
stress ball with one hand. adults and
friends. The
It obviously shows that for today’s spending
youth, a whole world of opportunities habits that
lies within their reach. But with start early on
opportunity comes corresponding in life carry
responsibility. And, more often than through to
not, there is money involved. Now, adulthood. A
more than ever, today’s generation of teenager
ecoboomers needs to know how to who spends
manage their personal finances, wisely sixty dollars
and responsibly. That responsibility is on a fad shirt
emphasized even more for those now may
enrolled in a university. spend
several
Take the case of an average college hundred for
student. The day begins at around another later
midnight with either a late night out on in life.
together with friends with boxes of These so
pizza with a lot of six packs, or a full called little
blown house party with beer kegs and things tend
the works. Night wears on, and the to stack up
next morning reality kicks in with a and become
vengeance. All those wasted money a huge
on beef jerky and nacho chips, now financial
nothing but crumbs on the filthy floor. crisis. It is
There’s laundry to do. Papers to finish. better for
Food that was stocked up for the week young
is gone from the previous night’s party. people to
There’s a trip to the nearest store to learn how
restock. If there is a car involved, money does
there’s gas to think about (since there and does not
are practically no convenience store work as soon
within reasonable distance from a as they gain
university; for stores within campus, their freedom
customers pay more than usual for this in college, as
extra privilege of ‘convenience’). There soon as they
remains the day ahead. There’s lunch get their
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Mortgage Insider - Issue 3 - Page 12 of 20
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5 Important Features To
Consider When Buying a Home
With so many questions to If there is easy access to the back neighborhood, look for a house that is
consider when buying a home, a yard, this is an even greater plus, as on a lot that is rectangular. Try to stay
buyer can get muddled in the there will be occasions for barbecues away from odd shaped lots or oddly
myriad of details involved. and outdoor entertaining. situated lots.
However, the following are five 3. Bedrooms and Bathrooms Yard sizes are smaller in modern
general pointers that a home homes than in older homes, but there
Three and four bedroom houses are
buyer should examine about a should still be a decently sized front
the most popular among homebuyers,
home's physical features as you and back yard.
so if you can stick to buying in that
do your home shopping and range you will have more potential Remember that overly landscaped
compare different properties buyers when it comes time to resell. properties will usually be priced at a
during the home buying premium which you may not be able to
process. There should always be at least a
recover when you sell. You will get
minimum of two bathrooms in a house,
your best value if you choose the
1. House Size preferably at least two and a half. At
house that is moderately landscaped
the very minimum, look for houses that
In each residential neighborhood, or under-landscaped for the area. You
have one bathroom that is accessible
houses will vary in total square can always improve the landscaping
to guests or will be the one shared by
footage and the number of rooms; during your ownership by improving
the other bedrooms, and one for the
however, they should not be too the lawn and adding bushes and trees.
master bedroom.
different. Since the 50's, house size
As a general rule, like most things that
has almost doubled. When 4. Storage - Closets, Garages and
you will buy in life, houses have their
determining market value, the homes Laundry
pros and cons. You will be much more
adjacent to the house you are
Walk-in closets are extremely satisfied with your purchase if you
interested in are the most important. If
desirable for the master bedroom. For concentrate on the positive aspects of
most of the nearby houses are smaller
the rest of the house, just be sure a home that are on your "most
than your house, they can act as a
there is plenty of closet space. Don't desirable features" checklist or those
drag on the price appreciation of your
forget to check for storage space for that will impr ove your resale value.
house.
linens and towels. Many linen closets Other less important features can be
Remember if resale value is an are placed in hallways near satisfactorily and creatively addressed
important consideration, you should bathrooms. in the course of your home ownership.
not buy the largest house in the
A garage will add to the resale value
neighborhood.
and you should always make sure to
Furthermore, if you choose to buy a get at least a two-car garage. Lately, Click here to put
small or medium house for the three-car garages have become
neighborhood, the larger homes will desirable in some areas of the country.
$1,000's back in
help raise your home's value. In addition, it should be a short trek your pocket. Learn
between the garage to the kitchen so
2. The Kitchen
that hauling groceries in from the car
how to
Family activity is usually centered does not become a chore that you will improve the
around the kitchen, so this room has dread.
become the most important room of value of
The laundry facilities should be
the house. As a general rule, homes your home
located somewhere convenient on the
with larger kitchens are more desirable
main floor of the house, but not in a by using
especially if they are equipped with
place that it will create an eyesore.
modern appliances. With today's open
floor plans, the dining room and 5. Landscaping
Equity+ software.
breakfast nook should be located
Even though most real estate value is
adjacent to the kitchen. In newer
usually concentrated in the structure
houses, floor plans usually place the
itself, the lot is important, too. Make
family room close to the kitchen as
sure that the lot is as level as possible.
well.
Assuming the property is in a typical
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!" LEASING FINANCE FOR - Equipment & Plant, Machinery & Vehicles
!" RESIDENTIAL & COMMERCIAL PROPERTY FINANCE
!" CONSUMER LENDING - Personal Loans, Car Loans.
!" GENERAL INSURANCE — Business, Motor, Professional Indemnity,
Public Liability (corporate authorised representative 303068 - AI&F afsl 238433)
The Auswest Financial Services Group is a complete financial services provider. Established in 1998
initially providing general leasing products, Auswest Financial Services has significantly expanded
and currently provides a comprehensive array of finance and general insurance products. Our
constant growth has warranted the creation of four stand-alone businesses; Auswest Loan &
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Country Finance (Aggregations)
The Head office for the group is located in New Lambton and operates nationally as the processing
centre for Auswest Town & Country Finance (Aggregations), Auswest Mortgage & Loan Options and
Ausquip Rentals & Leasing .
The Auswest Financial Services Group plays a major role in an unparalleled business model which
consists of strategic alliances with a number of Mortgage Broking Groups, Accountancy Firms and
Individual Finance Brokers.
Auswest Town & Country Finance is the aggregation and agency arm of the Auswest Financial
Services Group. Accreditation with Auswest Town & Country Finance allows finance brokers to be
directly accredited with Auswest with a choice of two options either as a referring broker or a
direct agent of Auswest with full rights to trading names and other benefits.
Our business purpose is simple; to provide all current and future clients with all their finance
solutions, as well as assisting with their insurance.
www.auswestfinance.com.au—email- loans@auswestfinance.com.au
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Struggling to keep
your business
afloat?
Banks won’t help, but Oasis
Home Loans will!
I
t’s not much fun when you’re Mortgages are usually the largest
juggling your business expenses payment you make each month.
AND trying to pay off your Refinancing with the right loan product,
mortgage—and the phones are you could end up paying less per
constantly ringing with creditors month ... even reduce the term of your
chasing you for money. loan!
Money worries like this certainly don’t Consolidating your debts will also
help your relationships with family or ...
friends! In fact, it’s tempting to just walk • Take some of the pressure off higher
away from everything! interest rates from your personal
loans and credit cards;
But before you walk ...
We know that life can be tough. You • Give you more flexible finance
can get into tight financial situations options, such as using your existing
through no fault of your own. property equity for other purposes.
Hey, we’ve been there too, at times! It’s
one reason why we’re so good at what
we do. We know how you must feel.
At Oasis Home Loans, we’ve helped
many people who are in your exact
situation!
We know how demeaning and
embarrassing it can be to ask the big
lenders for help—and be knocked
back. But you deserve to have your
situation untangled. And usually it CAN
be, especially with the will to succeed
that we bring to tough cases.
Refinancing may be your answer!
By refinancing—which means
packaging your current repayments
from all your debts into one convenient When things look
payment—has helped many people. hopeless, a little
discussion will often
reveal an answer that
Ask us NOW! may be right in front
of you! At Oasis Home
1800 4 OASIS Loans, we revel in
challenges!
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Mortgage Insider - Issue 3 - Page 18 of 20
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And now many of these people are while their houses went up 15%. It was
living in bigger houses, but sending in as if the mortgage rate was really
higher mortgage payments and more MINUS 10%. But now, house prices
property taxes, and these larger aren’t going up…they’re going down -
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