Navigating the world of mortgages can feel like learning a new language. There are so many terms and processes involved! To help simplify things, let's break down the ABCDs (and beyond!) of mortgage broking, giving you a clearer picture of what to expect.
Your budget should be based off your take home income, from your base pay–if you receive overtime or allowances try not to include this.
Being a homeowner, you'll now have new bills to pay that you’ve never had before. So, in your homeowner budget be sure to consider; internet, gas, electricity, council rates, body corporate fees, building insurance, transport costs (tolls, petrol, car service, rego) and the big one in these hard times…. FOOD!!
In 2014, after 10 years working for Big Pharma in various roles––beginning as a chemical engineer, Kevin had enough of being in an office. A keen sportsperson he surprised his peers and fled the corporate life to work in a golf shop. Doing what many of us only dream about––Kevin followed his heart instead of his pocket.
For Kevin, working out on a golf course, enjoying his days while honing his swing was just what the doctor ordered. And, in the same flavour of following his heart, it wasn’t long before Kevin traded his dream job in for another dream job, and started his own small business as a mobile bike mechanic.
Kevin, someone who has always been sensible with money, did take a pay cut when he left his corporate job––which is the only part of that chapter he misses. But, now that homeowner, small business owner and, since very recently, Father, Kevin, spends his days driving around town fixing pushies; his life has never felt richer.
NEWS: If you’re with TMFG, you are officially receiving Australia's Best Customer Service.
As awarded by the 2019 Adviser Better Business Awards in February our Director, Belinda Gibson is the best individual in Customer Service in the land.
And lucky for you, that award-winning service is free of charge when you’re a Thomas Morgan Finance Group customer. You’re welcome.
The bank declined my first home loan application. And the house was only $33,000. They were right to though. I was just 19 at the time and really had no record of savings that showed I was ready for the commitment of a mortgage.
As a mortgage broker who’s worked in finance for over 16 years I’m regularly on the other side of the desk from people jumping into the property market for the first time. I still have to occasionally check myself to remember exactly what that felt like.
To save for your first deposit, or take the plunge into renovating or buy an investment property.
And, although those memories are often overridden by my clients’ experiences truth is, you’ll never forget your first.
I decided to go deep into my memory and recall for you all my very own experiences over the years in buying, renovating, or investing in homes in the hope my personal Home Stories inspire you to jump in if you haven’t already. Or for property-owning novices, I hope my stories spark fond (or scary memories) of your own first…and second, and third home stories.
Either way, I welcome you to share with me your stories as I travel down memory lane. Enjoy!
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