McKenzie Hall

McKenzie Hall is a specialist ‘Bulky Goods’ shopping centre management, leasing, sale and consulting company that has over 18 years experience in the industry.

Our experienced staff aim to provide personal, superior service to Bulky Goods Retail property owners through focusing on maximising the owner’s investment in a professional and personal manner.

To achieve this, we utilise a performance management system to ensure that both McKenzie Hall’s and the Landlord’s goals for Bulky Goods Retail investment are met.

McKenzie Hall Directors have successfully developed a formula for leasing which does not involve expensive brochures, advertising campaigns or bill board signage.

Contact us today to discuss your bulky goods requirements!

Function Of Home Loans In Australia

The Magic Behind The Function Of Home Loans In Australia

Australia is a notoriously indebted nation, in terms of personal debt. The land down under ranks fourth on the list of the world’s most indebted countries, expressed in terms of average household debt as a percentage of after-tax dollars brought in each year.

With so much debt, it’s virtually impossible – if not literally impossible – for most consumers to buy a house with cash or a bank transfer. The vast majority of all home purchases are made possible through financial institutions’ offers to mortgage out home loans in Australia.

Statistics from the Australian Bureau of Statistics also indicate the widespread popularity of home loans in Australia; 56.3 percent of all household debt belongs to – you guessed it – home loans in Australia

Further, the same organization found that 36.5 percent of all personal debt was directly tied to investments, ranging from traditional financial instruments to rental properties and leased commercial buildings facilitated through Home Loans Calculator

Without further ado, let’s explain the basics of home loans in Australia, one of the best places to live on planet Earth – expect for it huge spiders.

What Is A Home Loan?

The purpose of borrowing money, as you likely already know, is to purchase something now for X dollars, typically agreeing with lenders to pay back X + $, where $ is additional money lenders are paid that serves as an incentive to lend.

Home loans in Australia are usually extended over the lives of 25 or 30 years, their balances paid towards either every two weeks or every month.

The world of extending home loans in Australia is huge, to say the least. Because they often involve hundreds of thousands of dollars, they must adhere to strict rules and guidelines set forth by various agencies of Australia’s government.

How much does a home loan in Australia really cost?

What’s the answer to this question? It isn’t simple or cut and dry, that’s for sure. However, we should cover the most significant factors weighing into the cost of all home loans in Australia.

The principal is the amount of money borrowed for a Home Loans by If your home costs $150,000 and you pay for it entirely through a mortgage, the principal totals to $150,000.

Interest is a percentage value that adds on a fraction of the outstanding balance every fortnight or two weeks.

Together, principal and interest make up the equation that was referenced at the beginning – X + $ – where principal is X and interest is $. $ also includes fees and other charges.

Home Loan Options

Home Loans

When purchasing a home, the onslaught of financial responsibility can become overwhelming. Home loans are designed to alleviate this stress and provide solace in knowing there are subsidized options. With a myriad of home loan options available, it’s crucial to compare the differing aspects of each loan program before deciding on one. Banks, loan offices, credit unions, and mortgage companies all provide different home loan options.

AMP Bank
AMP Bank offers a slew of loan programs. A few of their most prominent options include:
– Essential Home Loan – $26.2k savings over 10 years
– Basic Variable Rate Home Loan – $24k savings over 10 years
– Basic Fixed Rate Home Loan – $19.1k savings over 10 years
– Professional Package Home Loan – $30.2k savings over 10 years

Catalyst Money
Catalyst Money, a mutually owned-credit union, offers a full range of home loan services. Their loan programs are as follows:
– Fixed Home Loan – $22.8k savings over 10 years
– Variable Home Loan – $20.3k savings over 10 years

ECU Australia
ECU Australia also has a wide variety of loan programs that offer substantial coverage.
– Premium Plus Home Loan (1 – 3 years) – $690 in estimated upfront fees
– Standard Fixed Home Loan (2 – 3 years) – $1,040 in estimated up front fees

Heritage Bank
Applauded for their flexible loan features and package deals, Heritage Bank offers a handful of competitive loan packages.
Home Loan
– $1,762 monthly repayment
– Home Advantage Variable Home Loan – $1,776 monthly repayment
– Home Advantage Fixed Home Loan (1 year) – $1,747 monthly repayment

Hunter United
Reigning as Australia’s largest locally-based member-owned credit union, Hunter United offers flexible payment options and discounted rates through their loan services.
– Platinum Investment Loan – $25.4k savings over 10 years
– Green Home Loan – $13k savings over 10 years
– Fixed Rate Home Loan (1 year) – $19.1k savings over 10 years

Pacific Mortgage Group
Making a name for themselves as one of Australia’s leading online lenders, Pacific Mortgage Group offers home loans that don’t require any upfront fees.
– Standard Variable Home Loan – $1,679 monthly repayment
– Fixed Home Loan – $1,832 monthly repayment
– Line of Credit Home Loan – $1,737

With so many Home Loans Calculator, settling on a plan can be just as stressful as buying a home. No two home loans were created equal, so weighing the pros and cons and comparing them to your personal needs is what will ultimately determine which home loan is selected.

Home Loan Fixed Rates

Home Loan Fixed Rates

Many real estate buyers who are preparing to start shopping for a new loan program are interested in finding the lowest loan rates possible. For many consumers, a low interest rate represents a great deal. While it is important to find low home loan rates when shopping for a mortgage, keep in mind that many other factors can also affect the overall benefits that a specific loan program provides to you as well as the cost of the mortgage overall. When you learn more about these other factors, you can more easily select a home loan program that is truly beneficial and affordable for you.
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How Home Loan Rates Affect Your Mortgage
Home loan rates can vary substantially based on numerous factors. This includes your requested loan amount, your down payment amount, your credit rating, market conditions and more. Some of these factors are under your direct control, so it is important that you understand how they affect your rate as well as your overall monthly loan payment. For example, you can adjust your down payment amount within reason based on your budget, and this can affect the loan amount and even the interest rate. Keep in mind, however, that home loan rates also combine with your loan amount and term to generate your monthly loan payment.How the Loan Term Affects Your Home Loan
Term lengths for home loans at at are available in a rather wide range, and this makes it easier for you to control the affordability of your payments. A shorter term length yields a higher loan payment. You may not realize it, but your loan term also affects home loan rates. For example, if you choose a shorter loan term, you may qualify for a lower interest rate. You may think that the lower home loan rates associated with a shorter term would yield more affordable payments. However, in many cases, the shorter term on a mortgage actually creates larger loan payments despite the low interest rate. This is because the loan balance must be paid off more quickly when you have a shorter term.A Word About Loan Fees
In addition to focusing your attention on home loan rates, you also need to think about how affordable the loan is overall. The down payment and home loan rates are important elements that lend themselves to affordability, but loan fees also must be considered. While each loan program varies in terms of rate and term, the loan fees also affect your total financing cost. You may ask a lender to disclose the total financing cost up-front, and this can make it easier for you to determine which loan program is truly the best deal overall.

While finding low home loan rates is important for any home mortgage applicant, you can see that this is only one of several factors that you should focus your attention on. As you research mortgage options available and begin to shop for an affordable loan, pay attention to each of these factors if you want to find the best deal overall.

Mortgage Rates

Secrets You Don’t Know About Mortgage Rates

There are things about the mortgage rate available in the market that most people do not know about. There are simply some things that the financial industry tries to keep quiet, and there are other things that are simply not common knowledge. Either way, it is important to understand what is going on with the sometimes mysterious mortgage rate.

Bi-Weekly Payments Can Save You Money

What difference does it make if you pay your mortgage once per month or twice at half the amount per each payment? In either case you are paying the same amount, but you might be able to save money on your mortgage rate if you decide to go with bi-weekly payments rather than a monthly one. Lenders like to offer this as an incentive to get more people to go with the bi-weekly payments. It helps them get their money on a more regular basis, and they offer a discount on your Mortgage Rate to do this.

Having A Middleman May Help

It is sometimes critically important to have a middleman in the process. That is a person who knows the different lenders in the market on a personal level. Someone like that can help their client find the types of deals that are available at any given time. This means that those who work with a broker are more likely to find better offers because they are literally comparison shopping.

Shorter-Term Loans Save You Money

The less time you hold a particular loan, the less you have to pay in interest. This is particularly true when it comes to a massive loan like a mortgage. When you have a mortgage, you definitely want to be done with it as quickly as possible. It is a loan for such a large amount of money that even small differences in the amount of interest one pays can be critical.

It is possible to work with your lender to get a shorter-term loan than what they typically last for. Most loans go either for fifteen or thirty years, but that is not the length of time necessary to hold a loan if a more flexible term would work better for your situation. Consider asking the lender what kind of offers they have on the table for you. It may just be the case that they can provide you with a shorter-term loan that does not cost nearly as much.

Keep Your Credit Scores Particularly Good

A strong credit score is a sign of someone who tends to pay their bills on time. It is a sign to any lender that this is a person they can trust with a loan. Mortgage lenders in particular want to make sure that the person they lend to has great credit. If they are to trust someone with such a large loan, they are surely going to need to have that person provide them with plenty of reason to feel confident. That is why keep your credit high matters so greatly.

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