Steven Phang in Melbourne, Victoria, Australia | Mortgage brokers

Steven Phang

Locality: Melbourne, Victoria, Australia

Phone: +61 488 814 148

Address: Suite 476, 585 Little Collins Street 3000 Melbourne, VIC, Australia

Website: http://www.aspirusfinancial.com.au/

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• Property
• Loan service
• Mortgage brokers
• Financial consultant

25.01.2022 You might be disappointed if you are hoping for a crash...

25.01.2022 So, you’ve been working hard, climbing that corporate ladder. Your salary is healthier than ever, yet it’s not as though you’re saving, investing, or donating more. Where has that extra income gone? Think gym memberships that never get used, additional streaming services that aren’t needed, more meals out (well, takeaway for us Victorians). ... The antidote? A budget. Setting one you can stick to is actually more empowering than it is prohibitive. Get in touch if you'd like help understanding where your money's going.

25.01.2022 How much do you understand about mortgage rates? Do you just go along with your bank or broker and accept all that they say? It is important that you understand what you are signing and what the repercussions are.... Get in contact with Steven today to discuss your rates and whether they are working in your benefit or not.

24.01.2022 Client approached the branch that they normally banked with and was offered a loan with an interest rate of 3.13% and decided to seek a 2nd opinion via my website. After analysing his situation and objectives, we will able to offer him a product that not only has a cheaper rate of 2.68% but also provide him an offset account, which better suits what he needed in order to grow his portfolio in future. How many times have you walked into a branch and all they do is sell you a loan instead of taking the time to understand your middle & long term objectives so that an appropriate recommendation is made?

24.01.2022 Extra! Extra! Read all about it!!!

23.01.2022 The lender's Credit Officer called to advise the loan application will not be approved due to their lending policy. I challenged the assessor that he has misunderstood their own policy and explained to him why the application is well within their policy. He put me on hold for 30 mins while he check with his supervisor and subsequently confirmed that I was right and he will send me the approval letter shortly.... Would your branch know their own policy in detail to challenge the decision?

23.01.2022 Hearing all about interest rates, increases, decreases and the RBA can be confusing. It can be a difficult thing to understand and it can turn many people off getting a mortgage because of the unknown. But before you decide against it because it is too hard, reach out and have a chat with Steven. ... He can help you to understand the different information around interest rates and help you to choose the best mortgage for you and your situation.

23.01.2022 Getting a mortgage involved a range of different steps. It is not as simple as just choosing the bank you want, signing some papers and then having the money. Steven will work with you through every step of the process and ensure that you are in the loop and understand how things work.

23.01.2022 Are you feeling like your debt is getting the better of you? If you've got credit cards and personal loans, it can seem like no matter what, you're barely chipping away at those debts. These kind of debts can sap your disposable income, and sidetrack your savings efforts - potentially putting the brakes on your plans to buy your own home.... We've been achieving some amazing results for clients by consolidating their debts. We're talking huge savings on interest, money back in their pocket, paying down their debts faster, and buying their own home sooner! Why wouldn't you?

23.01.2022 Here's some data to prove what we already know: the Australian housing market is extremely robust. Have a read of the analysis from our friends at CoreLogic, on property prices across the country: https://bit.ly/2YUV4Bp

22.01.2022 You know those 'first month free' subscription services you sign up for, never end up using and then forget to cancel? Here's your friendly reminder to check your bank statement and do a stocktake of whether you actually need each and every one of these subscriptions. Even a $30 subscription is $360 over the course of a year, and it makes sense you'd keep this money in your your pocket, rather than donate it to someone else.... When deciding what to keep and what to cancel, ask yourself: Am I using the service every month? Is it paying for itself in time-savings, enjoyment or convenience?

22.01.2022 It's just a decline of less than 4% in Melbourne (Worst case) https://www.corelogic.com.au//why-have-capital-cities-perf

21.01.2022 Property prices are continuing to rise and the values has passed the pre-Covid levels. For those waiting for the prices to drop has probably missed the ship.

21.01.2022 There is always a risk that you will have sellers regret. However this lucky couple, their choice paid off https://www.realestate.com.au//anxious-sellers-in-tears-/

21.01.2022 We recently did a home loan review for a new client and managed to save him approximately $1,200 per year in interest alone with his existing lender. Imagine what you can do with an extra $100 a month? Feel free to contact us at 0488 814 148 if you would like a complimentary home loan review

21.01.2022 What is involved in the mortgage process? There are six distinct phases of the mortgage loan process: Pre-approval... House shopping Mortgage application Loan assessment Settlement Annual review Steven helps you from start to finish in securing the best loan for your situation. Book in an appointment today

21.01.2022 Buying your forever home is an exciting time. Building a family. Creating a home.... It may also be stressful and daunting. Rather than taking it all on yourself and it all becoming overwhelming, why not get in contact with Steven and let him take care of it all.

21.01.2022 The state govt of South Australia, Tasmania, North Territory, West Australia and Victoria has signed up to the HomeBuilder scheme. This means citizen building a new home in those states/territory may be eligible for the HomeBuilder payment of $25,000. This leaves ACT, NSW and QLD yet to sign up for this federal scheme Feel free to PM me if you want more details

20.01.2022 A broker can save you time, money and worry. Using a broker doesn't necessarily cost more. ... Often it costs less because brokers have knowledge of the market and the ability to negotiate competitive rates on your behalf.... Let's chat about how I can help you.

19.01.2022 Are you house hunting this weekend?Are you house hunting this weekend?

19.01.2022 Cheaper rates sometimes might end up costing you more!!! We had a prospect who contacted us recently regarding refinancing for a better interest rate. They had been quoted a fixed rate of 2.19% from their existing lender and they would like to seek a 2nd opinion from us. The branch staff had suggested putting their $50,000 of savings into a fixed term deposit to earn interest while locking in the low fixed rate of 2.19% for their mortgage.... We disagree. 1. Interest earned from fixed term deposits are required to pay income tax. 2. Savings kept in the offset account does not attract any income tax. 3. Savings kept in the offset account reduce the interest to be paid for the loan We suggested they can consider having a fixed rate loan with offset account at the interest rate of 2.44%. The breakdown attached shows it is possible to save more if opting for a rate of 2.44% with offset account as compared to 2.19% without an offset account.

18.01.2022 You might not like talking about money with your partner. But do you know what’s even more awkward? Finding out you're not financially compatible and letting this cause issues in your relationship. If one of you loves to spend, while the other is more *ahem* careful, then money may become a source of friction. It's a great idea to discuss your attitudes to debt, whether you share the same level of financial literacy, and to define your shared financial goals.... And don't worry, 'different' doesn't mean it can't work out - it just means you need to communicate well and create systems so that you DON'T clash over money. Have you had ‘the money talk’ with your partner, or is it something you both avoid? https://bit.ly/3lt9FwW

18.01.2022 Nice end to the weekend.

17.01.2022 With restrictions now back in place in Melbourne and surrounding suburbs, open homes, in-person meetings and auctions are all on hold. This does not mean that your dream to own a home needs to be put on hold. Steven and the team are able to communicate with you via email, Facebook messages or video link.... Why not spend your time at home in a useful way and book in a chat to speak about your current mortgage or gaining a new one.

15.01.2022 The 'right' loan product for you is about so much more than the interest rate. Whether your first investment property is somewhere on the horizon, or you've already got a few under your belt - having the right loan structure in place can be the difference between a sound investment and an expensive hobby. We know which one we'd choose.... With a broad selection of lenders to choose from, and insight into the thousands of loan product permutations, we give you an edge. Do you have questions? Ask us via DM

15.01.2022 How many other loans or debts do you have? It is ideal to try and reduce or remove current debts or loans before you try to obtain a mortgage. The more income that you have available, means the higher amount you are likely to be able to borrow.

14.01.2022 Why we always advise our clients to protect their credit file. Contact us if you want more information!!

14.01.2022 Significant news for first home buyers: The government has just announced they'll be reissuing 1800 unused spots in the First Home Loan Deposit Scheme! The scheme lets first home buyers buy an existing property with as little as 5% deposit. Places are going to be released in the coming days, so make sure you register your interest with us now. We'd hate for anyone to miss out on this opportunity!

13.01.2022 It’s so easy to set and forget on your home loan, but it’s also incredibly easy to get a better deal. Step 1: Engage a home loan expert (at no cost to you). Step 2: Sit back while we research hundreds of options. Step 3: Get excited about your brighter financial future!... https://bit.ly/3lt9FwW

13.01.2022 Social distancing doesn't meant putting your dreams on hold. Discussions and meetings can be completed by phone or video link. Get in touch today to find out more

12.01.2022 When you use a broker, you don't need to work directly with the lender. The broker takes care of all of this for you. If there is anything you need to change or add to your application, your broker can help you understand and get it all together.

12.01.2022 Small businesses are the engine room of our economy, and they've been hardest hit during the pandemic. Let's show them some love! 5 x free ways we can all support amazing small businesses: Tell your friends about them... Write a Google review Like their social profiles Share their content Give them feedback See more

12.01.2022 Be careful what you wish for. My thoughts is that this will increase the property price

12.01.2022 An interesting read on the possible removal of stamp duty. What are your thoughts? https://www.dailytelegraph.com.au//ab4fb22403f180de702dfdb

11.01.2022 Know thy neighbours

11.01.2022 More than 50% of off the plan apartments are being valued lower than their purchase price.

11.01.2022 With the lock down, it is a good time to get the pre-approval now so you are ready when the houses are open for inspections.

10.01.2022 Not every one wants to buy a family home to live in. Many people will take out a mortgage on a property that they plan to rent out. This is called an investment property.... Steven has worked with many people on helping them obtain investment properties. Reach out today and find out how he can help you.

09.01.2022 Steven has been a qualified mortgage broker for a long time. He understands the different options available to you as a consumer and he wants to ensure that he gives you the best options to choose from. By working with Steven you will not only get access to the best options, but you will be given all the information to help you understand the process and what is involved.

08.01.2022 What kind of things should you know about a broker before working with them? Average time to closing. Any fees that are relevant to you.... The lenders that they have access to. How to contact and communicate with them.

07.01.2022 Would the other states follow?

07.01.2022 Let's talk about switching home loans. If your circumstances have changed, you are looking to increase your loan or you simply want to see what options there are - Steven can help. Refinancing can save you thousands of dollars across the life of your loan.... What may have suited you in the past, may not be ideal now.

06.01.2022 When was the last time you looked at your mortgage? Does your interest rate starts with a 4? Let's have a quick chat just to see how "healthy" is your mortgage

05.01.2022 Massive Discount, Rental Guarantee, Cash Back offer!! Who is PAYING for it? Most of us have probably seen or heard of real estate agents / property marketers markerting properties with massive discount, rental guarantee, cash back , paying for your stamp duty and even a free car as part of their promotion. You must be thinking, what a great deal!!! Hold your horses, it's NOT!!... In the supply chain of selling a property, there are various parties involved. The developer, the builder and the real estate agents. The developer is taking a risk in purchasing and developing the site for a profit. The builder is responsible for building the property and needs to employ tradies, who expects to be paid for the work done. The builder will also be guaranting the building structural for X number of years after completion and they are doing so with an expection that he is also making a profit. The real estate agents are selling the properties to earn a commission and put food on the table for their families. Since the developers, builders and real estate agents are not giving up their profit or commission, who do you think is really PAYING for this "benefits" ??? Caveat Emptor #AspirusRanting

04.01.2022 Something to consider when buying off the plan.

04.01.2022 !!! , Happy Lunar New Year !!!

04.01.2022 Crunching numbers is a big part when applying for a home loan. You not only need to look at the money you have coming in but also the money you already have going out. Any existing debts can affect the amount you are able to borrow.

04.01.2022 Rates are important, but it should not be the most important factor for your loans.

04.01.2022 To all celebrating Eid Al-Adha, wishing you full of joy, happiness and peace.

03.01.2022 Knowing your income is only part of the process when determining how much you can borrow for a mortgage. You also need to know and understand your current expenses as well. If you are already seeing a large amount of your income being paid out in loans, bills and general living expenses - it can play a part in how much you can borrow.... Putting a budget in place before applying will help you to maximise your borrowing capacity.

03.01.2022 Confused about the difference between an offset and redraw?

03.01.2022 We are hiring for a Mortgage / Finance Broker!! Do you have a passion for helping people achieve their dreams? Are you interested in the property and finance industry? Do you want to run your own business and be in control of your destiny?... Will you always ACT in the BEST INTEREST of your clients? If the answer to each of these questions is YES, we would like to hear from you. We are experience significant growth in the business and are looking for new or experienced Mortgage Broker(s) to join the business.

03.01.2022 A mortgage broker is a go-between who deals with banks or other lenders to arrange a home loan for you. A good broker works with you to: Understand your needs and goals. Work out what you can afford to borrow.

01.01.2022 LOYAL BORROWERS were charged extra on their mortgage! Staying loyal to your bank could cost you thousands of dollars, according to the new Reserve Bank of Australia data. At the end of August, there was a gap of 0.29 percentage points between existing variable owner-occupier mortgages and new ones.... Existing owner-occupiers were being charged an average of 3.21%, while new borrowers were being charged 2.92%. There are two ways you can avoid paying this 'loyalty tax': 1. Negotiate a rate cut with your existing lender 2. Refinance to a new lender with a lower-rate loan Banks compete hard for new customers, but sometimes take existing borrowers for granted, so the longer you stay with one lender, the more likely it is your loan is uncompetitive. If you’ve got a steady income and you’ve built up equity in your home, you could potentially refinance to a loan with a lower interest rate and lower fees. If you want to know what are your options, message or call 0488 814 148 to discuss. Click to see what our clients say http://rplg.co/a87dca70

01.01.2022 Sorry to disappoint the doomsayer

01.01.2022 Sure, you could spend your weekend trawling the internet, comparing interest rates, completing paperwork, plugging your info into calculatorsOr you could find an expert to do it for you. https://bit.ly/3lt9FwW