What Federer and Wozniacki can teach us about home loans

What Federer and Wozniacki can teach us about home loans

The Australian Open has had us on the edge of our seats over the past few weeks. While taking in the action, we couldn’t help but draw parallels between the strategy of tennis greats and successful borrowers.

Yes, it’s official, we spend far too much time thinking about home loans.

The Australian Open Winners

Roger Federer has had many influential coaches and mentors throughout his career, including the late Peter Carter, an Australian, who Federer says, had the greatest impact on him in terms of style. 

Every year since Carter died in a tragic car accident in 2002, Federer has invited the former coach’s parents to The Australian Open as his guests of honour, all expenses paid. Yes, he really is an absolute legend.

This year Goran Ivanisevic guided Federer to his 20th Grand Slam, while emerging great Caroline Wozniacki took home her first grand slam title, and solidified her number 1 ranking, with the support of coach and father Piotr Wozniacki.

So, what does tennis trivia have to do with home loan strategy?

Big decisions need a great team 

Well, it makes sense to have a good team backing you. That means doing the legwork ahead of time, just like Wozniacki and Federer do with their coaches and training.

If you know you’re going to do something big in your life – like buy a property or contend for a Grand Slam – do your research, work smart and get great people on your team. 

Play smarter, not harder

In terms of pro tennis, this means working on your style, game strategy, fitness and mental readiness. And of course, having the right coaches, physios and support crew around you.

People like us live to help borrowers secure a home loan that saves them more, and matches their goals. We have the tools to achieve this for you, and provide the guidance you need to choose a home loan that is right for you.

Oh, and our home loan service is free of charge, because the lender you end up choosing pays us a commission when the loan is settled. This fee covers the time we spent processing your loan. (Which the lender would normally have to do.)

Preparation is key

Securing pre-approval before you look for a property is an important part of every strategy. It means you don’t waste time looking at homes that don’t fit your needs, and in turn, make smarter decisions about what you end up investing in.

It also means you know your budget when you’re house hunting, so you don’t over commit to an investment that will be stressful to repay.

The key word here is ‘investment’. Even if it’s a home for your family, it’s important to see the property you are buying as an asset that should yield returns for you in the future, without the burden of mortgage stress.

Knowing what you have to spend is one simple way to ensure you don’t commit to repayments that are beyond your capacity. It sounds simple, but many people make this easily avoidable mistake. 

Game, set, match

Besides a good mortgage broker, you’ll also need a licensed settlement agent. Your mortgage broker should be able to recommend one to you. You may also like to ask for recommendations through your networks. 

According to Consumer Protection WA, a settlement agent assists with:

  • Completing and lodging documents, which transfer the Certificate of Title and the details of ownership.
  • Enquiring about title, zoning and rates – double checking necessary inspections have been completed, and making sure special conditions within the contract are completed before settlement is finalised.
  • Making sure you are happy that the conditions of the contract of sale have been satisfied.
  • Requesting funds for settlement to proceed.
  • Keeping you informed on the progress of the purchase process, and alerting you to any issues, should they arise.
  • Attending settlement on your behalf.

Get more information about finding the right settlement agent at this Government Website.

Want us on your team?

Get in touch to discuss how we can help you secure a home loan that not only saves you more, but also matches your finance goals. 

We research and tailor a loan based on your objectives, so you have peace of mind that the loan you end up choosing is right for you.

Oh, and if you want to talk tennis, we can probably do that too!

Financial Advice Disclaimer: This information is general in nature. Mortgage brokers do not provide financial advice. Clients seeking financial advice will be referred to a qualified financial planner.