Smartline Personal Mortgage Advisers Robert Costabile
Description
Integrity, adaptability and honesty have allowed me to build a mortgage advisory service that offers an outstanding level of customer service. Recently joining the group at Smartline - I join a very experienced and well respected Personal Mortgage Adviser - Lou Costabile
Meet the Team at Smartline Personal Mortgage Advisers
Lou Costabile – Personal Mortgage Adviser
Lou Costabile draws on more than 40 years residential and commercial lending experience and a diploma in banking and finance when providing his clients with excellent service.
Lou’s experience enables him to confidently execute complex deals.
Lou’s first aim is to fully understand his clients’ needs and financial expectations before assisting them in selecting the loan product for their situation.
“I take pride in my communication skills and understanding the clients’ needs and future financial goals,” explains Lou.
Lou is a highly professional broker with great interpersonal skills. He always keeps his clients informed.
“I keep my clients up-to-date throughout the process and ensure that they are satisfied before going to the next step,” he says.
Lou prides himself on his integrity, reliability and professionalism. He always makes sure he does the right thing for and by his clients. “I always look outside the square to see if there is an alternative way of assisting. I always make sure I add value for my client by determining and recommending a solution not only for the short term but for years ahead.”
Lou’s mortgage broking business is based in North Balwyn and is fully mobile and services all areas. He can visit you outside of working hours in the comfort of your own home if required.
He can look after all your financing needs including personal loans, leasing and commercial and business financing.
Spirit of Smartline Winner 2014
Smartline High Achievement Award 2014
Smartline “Rising Star of the Year” Award Finalist 2010
Smartline High Achievement Award Finalist 2008, 2010
Smartline Client Care Award VIC/TAS Finalist 2009
MPA Top 100 Commercial Brokers 2008
Robert-CostabileRobert Costabile – Loan Writer
Robert’s personal attributes of integrity, adaptability and honesty have allowed him to build a mortgage advisory service that offers an outstanding level of customer service.
“Communication is key when arranging a loan for people,” Robert says, “so I make sure I keep clients informed every step of the way. This is, after all, one of the biggest decisions of their lives.”
With a background in Tourism and Business Management, Robert understands firsthand the importance of the customer experience in the service industry.
“Mutual respect and trust are essential, particularly in the mortgage advisory industry,” says Robert. “I will always deliver on a promise.”
Robert is very knowledgeable across all types of loans and products and can assist all borrowers. He offers a fully mobile service.
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RECENT FACEBOOK POSTS
facebook.comLou Costabile - Property Valuation | Smartline
#letsstarttheconversation For a free property report and to review current oppertunities please visit http://www.smartline.com.au/adviser/lcostabile/property-valuation/ Regards Smartline Personal Mortgage Advisers Robert Costabile
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#letsstarttheconversation Well it was predicted by industry experts late last year and now it's happening. Mortgage interest rates are on the rise. Over the past month, a number of our lenders have raised their interest rates. The rises are higher for investment lending, with principal & interest (P&I) loans increasing between 0.1% and 0.3%, and interest-only loans increasing by 0.1% to 0.5%. For owner-occupiers, the increases are up to 0.25% for interest-only loans. These rate hikes are due to two key guidelines initiated by our banking regulator, Australian Prudential Regulation Authority (APRA), to control investment lending and control interest-only lending which is often favoured by investors. In early 2015, APRA instigated a benchmark for banks having a maximum of 10% growth in investment lending year-on-year. With a surge in investment lending in the back half of 2016, banks have had to lift investment rates to ensure they remain under the 10% cap. On top of the 10% cap, APRA have recently (March 2017) advised banks that they must maintain interest-only loans at under 30% of total lending. Currently, this is running at over 40%. Furthermore, the 'cost of money' that lenders borrow from overseas is increasing and with the high probability of the next RBA rate movement being upwards this may not be the last rate increase we see in coming months. If you are considering another property purchase, or know somebody who is, or would simply like to review your current rates, please do give me a call. I'm more than happy to have a chat about the options we may be able to offer. Regards Smartline Personal Mortgage Advisers Robert Costabile
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#letsstarttheconversation Great to help our customers with one of the biggest steps in their journey Well Done Alexis and Nathan !!
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#letsstarttheconversation Another happy client 🍾🍾
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#letsstarttheconversation Hard to hit a moving target The "moving target" that I refer to in the subject is a "loan approval". The current rate of mortgage credit policy change in Australia is unprecedented. Much of this change is being introduced by new government rules that are aimed at dampening the east coast property/debt boom. An interesting new government rule was introduced last week. This rule limits the number of new loans that are approved with "interest only" payments to 30%. Approximately 40% of loans are currently approved with interest only payments. This rule will see Australia's lenders make major changes to discourage "interest only" payments. This may not seem like a big deal, however, as you can see below, the cash flow burden increases substantially when you move from "interest only" payments to "principal and interest" repayments. The good news for you, as a Smartline client, is that we have the most extensive software in the industry. The rule changes are immediately loaded into our system so we can quickly assess the lending landscape. When one lender closes the door, we are well placed to find another lender with the capacity to assist. Whilst most mortgage brokers and bankers are struggling to hit the moving target, we are the industry's sharp shooters. Please give me a call if you would like to discuss the implications of this new rule. Regards Smartline Personal Mortgage Advisers Robert Costabile
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#letsstarttheconversation Great comments and feedback from one of our customers Casey Viney & Christina Vasilas Viney
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#letsstarttheconversation As we see it, a big part of our role as mortgage advisers is to keep you informed about changes in the mortgage market. Right now, there are big changes occurring that you should know about. Most of these changes are being brought about by government regulatory policies that are currently trying to calm the property market. Throughout most of 2016, Australia's lenders were controlled by new regulations that penalised them if their investment loan volumes grew by more than 10%. This 10% growth rule seemed to be working for a while. Lenders responded to the new cap on growth by: Lifting interest rates on investment loans, Making it harder to make interest only repayments, Increasing minimum deposit amounts for investors, Testing repayment capacity at higher interest rates, Not including negative gearing savings as income, Reducing the % of rental income that can be assessed for repayments, And even refusing to write investment loans at all. However, despite all of this effort, recent regulator statements have expressed frustration at the continued growth of the investment lending sector. As you can see below, November, December and January saw significant double-digit growth in investment lending. So what does this mean? We all know that a significant interest rate rise would calm the property market down, however, the RBA is reluctant to do this as it would increase the Aussie dollar and hurt our exports. If our current "read of the play" is correct, investors are going to find it even harder to fund their efforts. Our regulators are likely to do even more to quell the property beast. Investors can expect to see more rate rises, tougher credit approval criteria and find it more difficult to access "interest only" repayment products. From Smartline's perspective, the mortgage market has never been more difficult to navigate. The 10% growth rule (mentioned above) means that lenders are constantly pulling and pushing their volume levers (price, product & policy) to make sure they comply. We have had to employ three full-time people to maintain these constant changes on our software. From your perspective, you can rest assured that we are all over these changes. If you have a problem in search of a solution, we are very well placed to find it. Regards Smartline Personal Mortgage Advisers Robert Costabile
Photos from Smartline Personal Mortgage Advisers Robert Costabile's post
#letsstarttheconversation One of our customers making their dreams come true with the purchase of their new home Congratulations Nathan and Alexis :)
First home buyers: Stamp duty cuts for houses worth up to $600,000
#letsstarttheconversation Big win for 1st home buyers http://www.theage.com.au/victoria/stamp-duty-cut-set-for-first-home-buyers-20170304-guqq66.html
Vic First Home Buyers To Get $20k Kickstart
#letsstarttheconversation $20K Kickstart for 1st Home Buyers looking in regional areas https://www.hit.com.au/news/melbourne/vic-first-home-buyers-to-get-20k-kickstart/
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#letsstarttheconversation Ever taken a look at what you spend your money on This is a very intersting insight
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#letsstarttheconversation One of the most interesting games you will ever play
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