AM Mortgage Brokers is a full-service mortgage broker who has been practicing in this industry since 2004, we now provide choices of 40 different lenders.
AM Mortgage Brokers commenced operations in 2020 during the pandemic,
backed by a team that holds over 20 years of mortgage lending and financial services expertise, we provide the best possible strategies and solutions for clients We are a member of the Mortgage & Finance Association of Australia (MFAA) and have been providing loan solutions for many clients. other than customer relationship mana
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Adam Merhi - Hyper money I am committed to creating the best possible financial experience for when you're purchasing your next home, investment property, refinancing, or any other personal/business lending.
11/10/2021
💰Money Hack Monday💰
✅ Hack 1: Start saving early by placing your loose change in a money jar
✅ Hack 2: Shop at a physical store so you know what you're actually looking for, rather than purchasing online
✅ Hack 3: Shop on a full stomach to avoid excess purchases that are not necessary
✅ Hack 4: Use a shopping list app to keep yourself accountable to avoid going over budget on your grocery list.
✅ Hack 5: Avoid shopping every day, and schedule a singular shopping day to avoid unnecessary expenditures.
Visit https://www.ammb.com.au/first-home-buyers for more!
29/09/2021
Find a lower interest rate
Work out what features of your current loan you want to keep and compare the interest rates on similar loans. If you find a better rate elsewhere, ask your current lender to match it or offer you a cheaper alternative.
Comparison websites like Canstar can be useful, but they are businesses and may make money through promoted links. They may not cover all your options. See what to keep in mind when using comparison websites.
Using comparison websites - Moneysmart.gov.au Comparison websites can be helpful but may not cover all your options. Here's how to get the best from them and what to look out for.
29/09/2021
Happy Wednesday
Why should you consider an offset account?
An offset account is a savings or transaction account linked to your mortgage. Your offset account balance reduces the amount you owe on your mortgage. This reduces the amount of interest you pay and helps you pay off your mortgage faster.
For example, for a $500,000 mortgage, $20,000 in an offset account means you're only charged interest on $480,000.
If your offset balance is always low (for example under $10,000), it may not be worth paying for this feature.
28/09/2021
Tuesday's under-rated tip
Friday tip: Switching loans
If you decide to switch to another lender, make sure the benefits outweigh any fees you'll pay for closing your current loan and applying for another.
24/09/2021
Friday tip for first home buyers
Thursday mortgage tip:
Extra repayments on your mortgage can cut your loan by years. Putting your tax refund or bonus into your mortgage could save you thousands in interest.
On a typical 25-year principal and interest mortgage, most of your payments during the first five to eight years go towards paying off interest. So anything extra you put in during that time will reduce the amount of interest you pay and shorten the life of your loan.
Ask your lender if there's a fee for making extra repayments.