Mortgage Holiday Deadline Looms

Are you one of more than 800,000 Australians who have opted to defer repaying your home loan due to the COVID-19 pandemic? The deadline to resume mortgage payments is fast approaching. Your lender may have contacted you to ask if you are able to recommence paying your loan at the end of the six-month deferral … Continued

Government HomeBuilder Stimulus Package

You may have heard about the new Government HomeBuilder Stimulus package and be wondering if you could benefit?  HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. HomeBuilder will assist the residential construction market by encouraging the commencement of new … Continued

June 2019 Reserve Bank of Australia Decision

Sydney 4th June 2019 2.30pm, Reserve Bank of Australia announcement. At its meeting today in Sydney, the RBA Board decided to lower the cash rate by 25 basis points to 1.25 per cent. The RBA Board took this decision to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target. The outlook … Continued

May 2019 Reserve Bank of Australia Decision

Sydney at its meeting today, the RBA board decided to leave the cash rate unchanged at 1.50 per cent. The outlook for the global economy remains reasonable, although the risks are tilted to the downside. Growth in international trade has declined and investment intentions have softened in a number of countries. In China, the authorities have taken … Continued

First Home Buyers: Understanding the different mortgage types

The 7 Mortgage Types There’s a lot more to loans than interest rates and fees. A low rate is important, but it is not everything. There are different types of loans and features that will make managing your mortgage easier. As your mortgage broker, we take the time to teach and advise you on the fundamentals so you can make an informed … Continued

First Home Buyers: Saving for a Deposit

Saving for a deposit? Most lenders require a minimum deposit of 10-20% of the total loan amount. You’ll also need to cover the cost of Lenders’ Mortgage Insurance (LMI) if your loan amount is more than 80% of the value of the property. So ideally, you should start with a 20% deposit to avoid paying LMI. What … Continued

First Home Buyers: Finding Your Perfect Home

Finding Your Dream Home Once you know what you can afford, you can get a much better idea of what type of home you can buy and where you can live. When it comes to the type of property and location, many first home buyers find they need to compromise in some way. A free-standing … Continued

First Home Buyers: What can a Mortgage Broker do for you?

Looking at buying your first home? With regularly moving interest rates and new products, taking out a loan with a bank may see you lost in an ever-changing market. If you’re looking to purchase your first home, you may also be considering your first home loan; this may seem daunting at first, but it doesn’t need to be. With … Continued

How to tackle more than one mortgage

Taking on a mortgage means taking control of your finances. Adding an investment property to your loan portfolio requires additional discipline and planning. With interest rates lingering at record lows, it’s important to those taking on another mortgage. Look beyond the here and now and invest in some long-term thinking. Positive or negative gearing: What … Continued

Good Finance is Great for Business

Why do entrepreneurs borrow money for business? Financing your business with one of the many different products available across Australia’s commercial lending market is less about borrow money, and more about making an investment in your business success. Whether you’re starting up, sustaining success, or wanting to make the most of new opportunities, the right … Continued

Looking for the Right Business Finance?

What is Business Finance? Unlike residential finance, where the challenge is often to save you money, business finance or loan may be more about helping increase your potential to make money. In fact, residential finance and business finance couldn’t be more different. For a home loan, you simply need funds to purchase a home. It’s essentially … Continued

Commercial Funding – How does it work?

What is Commercial Funding? Commercial Funding is assessed on many different components. Whilst serviceability is key, the risk assessment includes value and type of security (such as residential, commercial, industrial, specialised and alike); industry type; management experience; age of business; purpose of funds; financial ratios, margins, profitability and trend analysis; bank account performance and credit … Continued

Is your Home Loan still right for you?

Do you know how well your current home loan stacks up? Things change, and chances are since you got your home loan, interest rates may have moved, and life has too. Has the official cash rate changed since your current loan settled? Has the rate your lender is charging you changed? What about the fees … Continued

Choosing Between a Mortgage Broker and a Bank

Banks are everywhere.. Why not go straight to a bank? Of course, you can go to a bank, but this can be more difficult than it sounds. Australia is indeed the lucky country.  We are blessed for choice when it comes to the amount of competition that exists across the mortgage market.  With so many … Continued

Judge Lending Professionals

The truth about getting a loan by an owner of a small business versus an employee Small Business is reported as the back bone and employer of so many Australians in our Cities and Regional areas. Though they do not get the same benefits employees receive in the pursuit of income analysis. Good or bad, … Continued

Financial Broker…Redefined

Reported interest rates are at all-time lows in Australia: What should borrowers consider? Many do not know enough to make an informed decision – stay or leave. When do I have time to sort through the large information source? A Finance Broker is knowledgeable in these areas and can easily organize the required information a … Continued