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About Me

Jon Mardell

Mortgage Broker
Professional Home Loan Group
Kenmore, Queensland
Director of the Professional Home Loan Group with 15 years mortgage broking experience specialising in investor finance.

My Activity

Q: I'm currently working as a contractor for one company. I go through an agency who does all my payroll and I do not have to do activity statements for tax purposes. Will I have any issues getting a mortgage?
A: Hi, there are some lenders that will have minimum employment lengths in this case but mostly you will be treated as standard payg applicant
Q: Hi there. Trying to work what makes more financial sense over a longer period ...paying out a higher interest personal loan with withdrawing cash currently sitting on my house mortgage OR leaving the $$ on the mortgage? The interest rate is 12% v 4.95%
A: The benefit of using the redraw is obviously saving interest the downside is you are using equity which you may want to use for other purposes such as an investment property purchase.