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SAVES TIME & SAVES YOU MONEY?
La Trobe Credit Union has a team of qualified and accredited mortgage brokers at your service.
Let us do all the research for you. We’ll find the mortgage that suits YOUR needs from an extensive list of lenders including the major banks. We have access to extensive and detailed information on the types of home and investment loans available, information on stamp duty and transfer fees, how much you can borrow and easy to use mortgage repayment calculators.
Whether you are buying your first home, need to refinance, buying an investment property or using equity to renovate, we’ll find the home loan that best suits you.
Call us to discuss how we can save you time and money.
Your assurance of the best service to suit your needs
- We do not charge any fees for our services.
- Our Mortgage Brokers are salaried Credit Union staff and are not paid commissions on the business they write. Their job is to service your needs.
- We observe the high standards of ethical behaviour required as an accredited full member of the Mortgage and Finance Association of Australia
- The Credit Union is committed to the Mutual Banking Code of Practice.
The Credit Union itself earns commissions from the bank or lender whose loan you end up choosing. That doesn’t necessarily mean you’ll pay any extra for your loan.
Let us take care of all the running around and guide you through the complex home loan lending process. We will help you with the home loan selection process, complete the required applications and documents, arrange pre-approval for auctions, arrange your First Home Owner’s Grant if applicable and lead you step by step right through to settlement.
With demand for rental properties at an all-time high, now may be the time to consider an investment property. Like any financial investment, there are pros and cons every potential investor should consider.
Strong rental returns have never looked better; but we strongly advise you to keep in mind a number of important issues:
- Meeting the payments
Make sure you can cover the shortfall between rental income and mortgage repayments. Rental income can fluctuate from month to month as repairs and other expenses are deducted and increases to interest rates may add to your mortgage repayments. Try and have a buffer in your Redi-Access account to cover the months where rental income may fall short
- Short of time or experience?
If you don’t have the time or maybe the experience to manage your property, consider using an agency. They can find, manage tenants and collect the rent. However, their services come at a cost; usually between five and ten per cent of the rent.
- Property value
The value of your property can decline quickly if repairs aren’t carried out on a regular basis; you may also lose good tenants if maintenance isn’t kept up to scratch. Make sure you have sufficient funds available to keep your property in good shape.
- Tax advantages
Seek the services a reputable tax agent to benefit from tax advantages associated with property investment and how to capitalise on them.
Click here for more information on our home and investment loans |
