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Q: First home buyers, my income is 92,000 and my wife 85,000 and we have been living the same property for 3 years and never missed paying the rent. We have saved 35,000…. have no debts and pay off our credit card each month. Can we get a loan and roughly how much could we borrow?
A: Hi Peter,
Very exciting times ahead! As mentioned above we would need to ask a few more questions to understand the whole situation.
Happy to assist. Please dont hesitate to give me a call if you have any questions.
Zaid - 0401586901
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Q: Investment loan has been fixed for 3 years and about to mature - $750,000 loan with CBA. We would like to keep the loan interest only and they have now offered 4.75% variable. That seems extraordinary high… what is the market rate?
A: Hi Angus,
If you're happy with CBA i could potentially re-fix you with them for another 2 years at 4.19%. Wont need to go through the whole refinance process again, very simple process. Alternatively if you did want to move than there is slightly better deals out there but would need to find out mroe information.
Happy to discuss in more detail if you'd like to give me a call.
Zaid
0401586901
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Q: Hello
I am a first home buyer and would like to get some advice to buy a home. I have been in the same job for 4 years and earn $90,000 a year plus super. No loans and pay off credit card each month. I have inherited $120,000 and would like to know what price range I could look at, stamp duty costs and what do I have to buy to get the first home buyers grant. What rates and repayments are possible? Thank you
A: Hi Susie,
Very exciting times ahead! There are a few other questions to be asked before I can give you accurate numbers i.e. married/single? kids?
Would love to help you. Please feel free to give me a call at anytime and I can give you some options over the phone.
Zaid - 0401586901
SB FINANCE
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Q: I have been running a home maintenance business for 6 years and want to know how much deposit I would need to buy my first home if it was a lo doc loan?
A: Hi Mark,
Depends on which lender and which product is chosen but ideally you’d still need a minimum of 20%. Happy to discuss further if you’d like. I’m down the road from Winston hills so happy to come over for a chat :)
Cheers
Zaid
0401586901
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Q: Our home loan has always had a variable rate currently 3,97% and we're wondering if now is a good time to be fixing the rate. What is the best 2 and 3 years fixed rate - loan is $720,000?
A: Hi Susan,
Could potentially do a split if you wanted to keep half on variable and half on fixed. that way you lock in a low fixed rate for a few years but can maintain an offset account and make extra repayments towards the variable.
Although, if all is to follow Westpac (who are raising their rates) than maybe its a good time for all of us to fix our rates :).
You could get a 2 year fixed for a low as 3.69%. Would need some more information but could potentially even be lower.
Happy to chat further about it if you'd like to give me a call on 0401586901.
Zaid
SB FINANCE
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Q: I work fulltime and my annual salary is $97,000 and we are first home buyers and have $80,000 in savings and looking at a house for $625,000. Married with a one year old. My wife is not working at the moment and we have no debts and currently pay $350pw rent. Could we get a loan of $500,000?
A: Hi Lee,
Would be happy to assist you! I have access to over 40 lenders and am confident I can get you close but as mentioned above I would need to confirm a few more things first.
Feel free to give me a call on 0401586901 at anytime.
Zaid
SB Finance
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Q: Our home loan is with what people tell me is a 2nd tier bank, Suncorp. At a BBQ yesterday people were discussing interest rates and the suggestion was 2nd tier banks have been and are more likely to be increasing their rates more than the majors. Is this correct, I haven’t seen a change in our rate yet?
A: Hi Chrissy,
Not entirely true. Some of them do fluctuate but I’d say the majors do just as much. Happy to have a chat if your looking at other options out there or simply answer any other questions you have :).
Zaid - 0401586901
SB FINANCE
answered
Q: I want to get my first home loan in Australia. What is the difference between a basic home loan and a normal home loan, thank you
A: Hi Vishna,
Very Exciting :) More than happy to give you more information on all the different products available.
Please give me a call on 0401586901 or if you PM your number im happy to contact you at a suitable time.
Look forward to hearing from you.
Kind Regards,
Zaid
SB FINANCE
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Q: Hi,
I have moved closer to work and rented my home and using it as an investment. If I transfer my loan from principal and interest to interest only is it likely my rate will increase and by how much?
Also, I had to pay mortgage insurance previously, will I have to pay it again if it’s interest only?
Thanks
A: Hi Shaun,
There a various options available to you but as mentioned above it does depend on your situation. Happy to have a chat or come out and see you at a suitable time for you.
Please don’t hesitate to contact me on 0401586901 at any time.
Zaid
SB FINANCE
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Q: Selling a property in Leichhardt, does anyone know of a real estate agent they would be happy to recommend?
A: Hi Andrew,
TJ from TJ property group. Very experienced. Tell him Zaid from SB Finance referred you and he’ll look after you. Get him on 0404966966.
If you need any assistance with finance for your future purchases I’m more than happy to assist :)
Good luck
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Q: My husband is 36 and been in the same role for 6 years earning $97,000. I’m 34 and have had same role for 3 years and income is $82,000. We don’t have kids, credit cards or any loans and have received an inheritance of $190,000. We currently pay $800 a week rent. We would like to ask how much we could borrow and what rate could we get, thanks?
A: Hi Sharyn,
Happy to take a call at anytime to discuss if you like.
Zaid
0401586901
SB FINANCE
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Q: Eldest daughter is 29 and we want to help her buy a home. She has a good job earning 87,000 and pays 300 rent a week in Sydney. Can we give her 50,000 to buy, get a loan - we don’t want to be on the loan?
A: Hi Pat,
Good on you for helping! Yes you can, there are many lenders that don’t have a problem with that.
Happy to answer any questions you have. Please don’t hesitate to contact me at anytime.
Zaid
0401586901
SB FINANCE
answered
Q: We want to buy a property to live $1.4M and have $600k deposit. Problem is we have two defaults on our record, both paid. We used to run our own business but my husband is back working fulltime as an employee and earns $90,000 a year and I work 3 days a week and earn $50,000. We have been told the only loan we can get is through a 2nd tier lender and the rate would be 4.8%. Is there a chance we could get a lower rate, under 4%?
A: Hi Tammy,
To answer your question. There is possibly some lenders out there that could offer below 4% given your current finance history, however I would need to ask a few more questions so I can understand a bit more about the whole situation. Happy to investigate further for you if you like. I have access to over 40 lenders, many of who are willing to listen and work with 'paid' defaults.
Happy to take a call at any time to discuss further.
Zaid - 0401586901
SB FINANCE
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Q: Looking for a new home loan and have spoken to Ubank and Loans.com.au. I really don’t want the hassle so can mortgage brokers match their rates…. 3.62%?
A: Hi Sam,
Seems you have plenty of help/offers available from the brokers above. Happy to have a chat if you need anything at all. Call me on 0401586901 at anytime. Also happy to come out to see you if you like :)
Good luck with it all!!
Zaid
SB FINANCE
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Q: Ok sports fans...
State of Origin - NSW or QLD?
A: BLUES!!! 👍👍
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Q: I have a mortgage and when reviewing comparable rates I see many offers considerably below what major banks are offering. What are the risks associated with going with a second-tier or online based home loan? They offer lower rates so why doesn't everyone use them? What happens if they go broke?
A: Hi Philip,
Sam is spot on, no risks in using them, in fact majority of the loans I put through these days are with the likes of a ME Bank or a Bankwest. Obviously only downside with some of the 2nd tier lenders is you don’t have a branch to walk into. Also to answer your question, it is very rare for a reputable 2nd tier lender to go broke but Incase they did their debt will be bought by someone else, more than likely one of the majors so it won’t affect you at all.
Happy to answer any other questions you may have or if you would like to call me at anytime please don’t hesitate.
Zaid
04015868901
answered
Q: Hello, a mate prompted me to check our home loan rate with ANZ - 4.49%, the loan is $780,000.
If I call them on Monday to ask about the rate what would be a reasonable expectation for them to reduce the rate by?
A: Hi David,
Depends on what product you have I.e is it a package, fixed/variable etc. I’d be interested to know what they offer.
As a broker I can also assist if you like. Easy to do :)
Don’t hesitate to call me at any time on 0401586901 if you have any questions
Good luck!
Zaid
SB FINANCE
