Accumulus Home Loans Mobile 0411 023 078 in Liverpool, New South Wales | Mortgage brokers

Accumulus Home Loans Mobile 0411 023 078

Locality: Liverpool, New South Wales

Phone: +61 411 023 078

Address: 173-179 Bigge Street 2173 Liverpool, NSW, Australia

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

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25.01.2022 Photos of Emma's first investment property! You can hear about her experience in her own words in the video elsewhere on this Page.

23.01.2022 Less than $500k in Sydney? This is what one young couple bought in June 2020: a 2 bedroom, top floor apartment, a pool, 200m to a large reserve, 350m to Coles and walking distance to the local school. Initially turned down by st.george, we knew which lender to go to, plus reduced their Lenders Mortgage Insurance by 33% (you can read their Feedback below). A perfect starter property for a young married couple!

22.01.2022 Last post for the year, everyone. "From Our Family To Yours" is a Disney short for all your loved ones that you wish you could be with this Christmas. (Needs sound, and maybe a tissue...). Wishing you all a better 2021. https://youtu.be/tl57Gy5X_Kg

22.01.2022 Who do you know might be thinking of buying their first home? I recently helped school teacher Amy and she was kind enough to share her thoughts in the email below. She bought into a townhouse complex 14km from the Brisbane CBD and the communal facilities include a swimming pool and large outdoor entertaining area. Check it out here: https://youtu.be/o59fXPn2N2Y. Not bad for your first home, even better that her home loan is fixed for her first 4 years at under 2%!

21.01.2022 Covid impacts on home loans: did you know all these? Of course, there are the tighter lending requirements, such as prove to them that you're receiving your normal employment income for normal hours worked (ie haven't been laid off or receiving higher-than-normal Jobkeeper payments). For the self-employed, you might have to provide recent BASs so they can better assess your profitability. Then there's the impact on valuations (major banks expect these to be down 5-10%) and in...terest rates (will probably stay down). But there's been two unexpected impacts as well: delays in some lenders' time taken to assess your application. This is because some lenders (eg ANZ, Westpac group) offshored some activities to India and the Phillipines, and secure computers were not available at home. So Aussie assessors have taken the load, blowing out assessment times to over a month in some cases, as the SMH article below reveals. Finally, the banks' retention teams are really, really keen to keep your business. So if you provide them with comparative interest rates, preferably provided by a broker, they may not only match the competing rate, but also offfer a cash bonus to match the other banks' refinance incentive! If you'd like to know more, please call me on 0411 023 078.

21.01.2022 It’s been a long day for your broker and his grandson...

19.01.2022 Do you know someone in our Defence Forces? If so, could you please share this post to let them know that the Department of Veterans Affairs has just announced that the Defence Home Ownership Assistance Scheme (DHOAS) eligibility criteria has been extended from two to five years after entering civilian life. The subsidies can be worth quite a bit. They can do-it-themselves or we can help. More information is contained here:

18.01.2022 Merry Christmas everyone, from the team at Accumulus Home Loans. Looking forward to 2021!

17.01.2022 Emma's first investment property - the photos accompanying the video...

16.01.2022 Grants for building your home. Federal and State Governments have taken several steps to support the housing industry. This means that there are some very attractive initiatives available for owner occupiers. So, if you are thinking of getting into the property market look at these: - The HomeBuilder Grant ($25k); - First Home Owner Grant (State-based but $10k in NSW);... - First Home Loan Deposit Scheme (up to 15% guaranteed by the Government to avoid LMI); - First Home Super Saver Scheme (Tax effective way of saving a deposit via super). A summary is below and feel free to share in case a friend or family member might be interested. Home Builder: The grant will complement existing State/Territory grants and schemes by offering Australians $25,000 to build a new home or start a major renovation. Here are some of the main details around the grant and its eligibility criteria: - Restricted to people on certain incomes and to new homes and major renovations valued between $150,000 to $750,000; - The pre-renovation value of the house must not exceed $1.5 million; - Excludes sheds, pools, granny flats and any other structures not attached to the property; - It is a temporary scheme that will last until the end of the year, aiming to build 30,000 homes by Christmas; - Construction of a new home or a substantial renovation must be contracted to begin within three months; - The grant(s) will be means tested, allowing singles who earned up to $125,000 the previous financial year and couples who earned up to $200,000 to access the scheme. First Home Owner Grants: These depend on what and where you are buying and generally are accompanied by discounted stamp duties too. The following are potentially available: NSW, NT & Tas $10k, Vic $20k, WA $30k, Qld $15k, ACT $7k. First Home Loan Deposit Scheme: This allows eligible buyers to enter the market with just a 5% deposit without having to pay lender’s mortgage insurance (LMI) as the Government will act as part guarantor for you. Before applying, you must receive conditional approval from your and will need to provide documents that verify you are: an Australian citizen, aged 18 or above, a first home buyer and if applying as a couple Married/de facto. There are only 10,000 grants per annum (versus about 100,000 first home buyers) and are therefore rationed out between various lenders. First Home Super Saver Scheme: this scheme allows you to save for a deposit via additional contributions to your super (you may be able to withdraw these to use as a deposit). The scheme also provides a tax effective way of saving up a deposit

16.01.2022 Do you know anyone going though a separation or divorce? It's important to get an understanding of what a "solo" borrowing capacity looks like. We're happy to say we've helped a number of divorcees keep the family home or move into a new home and generally start a new chapter in their lives. If you know someone who needs friendly but realistic advice, feel free to share this post or call me on 0411 023 078.

15.01.2022 Emma's first investment property - in her own words. Photos just below...

15.01.2022 2020/21 property prices down 10% or more? This article reports that property prices have declined by around 2% in Sydney and 3.5% in Melbourne in the last three months. ANZ and nab are expecting the full-year depreciation to be 10-15%. Distressed sales (triggered by unemployment) should be partially absorbed by first home buyers or even growing families (Covid babies?!) but if you're thinking of buying a property in the next twelve months, I think there’ll be plenty of opportunities coming.

11.01.2022 Don't assume you can use super for a home deposit! The SMH article below describes how a young couple will build a small home using super and other government incentives. However, early access to super is supposed to be if you're in dire straits (see below). This means that if you're applying for a home loan, you're indirectly saying that you're ALREADY struggling financially. Many lenders are therfore not accepting early-access super as available funds to complete a home pur...chase. So if you know someone who's thinking this way, get them to speak to their bank or a broker first, before they pull it out. (To be eligible for the early withdrawal scheme, applicants have to be unemployed, or eligible for the JobSeeker or parenting payments, Youth Allowance, Special Benefit or the farm Household Allowance, or have had their working hours reduced by more than 20 per cent after January 1, 2020)

07.01.2022 Did your property value decline by 10%? You're luckier than Victorians... This artice from the SMH says that during calendar 2020, NSW property prices went backwards by 9% and 15% in Victoria. Whilst there has been some recovery in NSW, Victoria may have fallen by another 5%. Potentially good news for First Home Buyers, it may present challenges for people looking to upgrade or refinance. Some forecasters are warning that the December quarter could see further pressure as unemployment rises and sadly, some people are forced to put their home on the market. If you, or someone you know, is experiencing mortgage stress and want to chat about it (particularly someone who is not their bank), we're here to help. https://www.smh.com.au//nsw-victoria-house-prices-plunged-

07.01.2022 Would you like to have to change homes just before Christmas? Michelle was told by her own bank that she wouldn't be able to take over the family mortgage by herself, and was considering moving and relocating her son into a new school. We were able to find the right lender, and present it to them the right way. Please have a listen to her story...

07.01.2022 Wouldn't you like to get rid of your mortgage sooner? The SMH article below was pretty good, but I think it left out one of of the easiest methods: fortnightly repayments. If you chip away at a block of ice monthly, you hit it 12 times a year. But if you hit it fortnightly, then you're reducing it 26 times a year (not 2 x 12, since there are actually 26 fortnights in a year). You can shave another 3-4 years of your mortgage with this simple tip. Feel free to share this with someone who may not know!

05.01.2022 Who do you know with an ANZ home loan? They might be one of 200,000 customers who are about to have their redraw reduced. Apparently ANZ Bank has miscalculated the available redraw (payments in advance) and are about to reduce the balances accordingly. This is in addition to $8.7 million they already identified. ANZ said that an underlying system and manual processing issue inflated the balances of about 20% of its mortgage book. Please feel free to share and if anyone wants further explanation, feel free to call me.

04.01.2022 Property markets insights, after three months of Covid. The 6-minute video below provides you with some hard data on trends in property prices to the end of May 2020. Some key points: - The market has been more resilient than expected, with capital cities +8% over a year (at the 1:40 mark); - Sydney prices +14% for the year, and +1% for the quarter (@ 1:50); - Activity still good, with new listings being absorbed (ie, demand is matching supply, @ 3:00); however - Be wary of t...he September-December period when the full impact of unemployment, distressed sales and lack of immigration starts to show (@ 4:50). Please call if you, friends or family would like to review their home loan options. we're here to help! https://www.youtube.com/watch?v=GNceoowc9Wo

02.01.2022 A nice way to finish a very challenging year. This was the Managing Director's Award. I wish it was for charm and good looks, but it is actually for being helpful and solutions-focused. Much appreciated - thank you Michael Stephens!

02.01.2022 Who do you know is thinking about buying an investment property? Please listen to Peter's story about how he became a landlord at only 25 years old!

01.01.2022 EXPLAINING WHAT "LMI" IS (and how it helps you buy a better home) If you're buying a home, typically a lender will require a deposit of 20% of the purchase price. However, you can secure a home loan with as little as a 5% deposit. However the lender will ask you to take out "LMI" or "Lenders Mortgage Insurance". LMI is an insurance policy that protects the lender (not you) if you default on your loan and your lender is unable to recover the full loan amount of what you owe. ...With LMI, you could buy a home sooner (possibly saving thousands in rent) or even buy a bigger house if your deposit isn't quite big enough. LMI is a once-off cost that that starts around 1% of the loan size, but can increase to 5% depending on your deposit size and whether the property is to live in or an investment property. The cost should be estimated by your broker or lender and can be added on to the loan. In the event that something happens and you need to refinance or discharge the loan, partial refunds are possible within the first two years of the loan. So yes, LMI is an extra cost but should be seen as a tool that could be the difference between getting what you want, or missing out... (Source: Genworth Australia)