Acuras Financial Group in Diggers Rest, Victoria | Mortgage brokers

Acuras Financial Group

Locality: Diggers Rest, Victoria

Phone: +61 412 301 986

Address: 16 Teatree Street 3427 Diggers Rest, VIC, Australia

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25.01.2022 AUCTIONS - 3 steps for SUCCESSFUL pre-auction offers Auctions are stressful. There’s so much pressure to stick to your budget, make decisions on the spot, and not cry in front of strangers. It can be hard to stay in control when your dream home is slipping away from you. What’s an extra $20,000 when you’ve already decided what colour to paint your kids’ bedrooms? Or $30,000 because you’ve started a bidding war that your competitive streak can’t lose?In a hot market, vendors a...Continue reading

23.01.2022 HOW TO KNOW IF YOUR HOME LOAN IS THE ONE The home loan market can be overwhelming. So many products seem good on paper, but now you’re six weeks in and you’ve realised your loan is a drummer with a temper, doesn't believe in recycling and likes brussel sprouts! Choosing a home loan that suits your needs requires research, clarity and probably discarding a few duds along the way....Continue reading

20.01.2022 And now, the moment I am sure you have ALL BEEN WAITING FOR... # 1 of the top 10 most commonly asked deposit bond questions. Yay!! #1. WHEN DO I PAY BACK THE DEPOSIT?... You actually never pay back the deposit unless there is a claim. The role of a deposit bond is to guarantee you for the deposit amount right up until you get the funds at settlement. In other words, a deposit bond tells the vendor that you’re good for the money. Then, at settlement, you pay the full purchase price plus the deposit and any additional costs, like stamp duty. The only money that is exchanging hands is the deposit bond fee, which you pay to the provider up-front. So, you’re thinking about getting a deposit bond? Whether you’re a first home buyer, seasoned property investor, downsizing or buying off the plan; if you've never considered a deposit bond then you may be taking the slow track to buying property and ultimately financial freedom. We hope you have enjoyed our Top 10 Countdown for Deposit Bonds - if you've missed a few then head over to our page to check them all out! Get in touch with us today, or tomorrow... we're here for you and happy to answer any questions you may have!

19.01.2022 Here at Acuras we like to keep things simple and straight to the point. #3 of the countdown is no exception. Check it out! #3. DO I PAY INTEREST? No you only pay the one-off fee just before your deposit bond is released. That’s the brilliant thing about a deposit bond. ... To get an instant quote for your deposit bond please send us a message using the button below!

19.01.2022 WHAT'S YOUR HOME REALLY WORTH? Type your address into any number of free ‘what’s your home worth’ websites and an approximation of your home's market value pops onto the screen in the blink of an eye. Easy. But no matter whether the figure you see sends your heart soaring - or sinking - take a minute to consider how accurate that value could be. What about the bathroom upgrade? The new kitchen? The barbecue area? All that money has to account for something....Continue reading

19.01.2022 A STEP-BY-STEP GUIDE TO REFINANCING Refinancing can be a great money-saver. Replacing your existing loan can be a chance to lock in a better interest rate, features you actually need or a bank that understands you. However, it can be a bit of a process, so you’ll want to know exactly what you’re up for before you start. If you’ve been wondering how to refinance a home, it’s your lucky day. Here are all the steps you might need to take to get your refinancing sorted....Continue reading

18.01.2022 HOW TO RENOVATE BEFORE SELLING TO MAXIMISE YOUR PROFIT TV shows make renovating look easy. A quick tidy, splash some paint around and install a flatpack kitchen done. But, shockingly, there’s much more to renovating than parading a group of tradies through your living room for six weeks. It’s easy to imagine any improvements you make will be reflected in the sale price. After all, if you’re sinking money into plantation shutters and carpet that feels like a soft baby lamb, ...Continue reading

17.01.2022 WHAT TYPES OF PROPERTY ARE BEST FOR INVESTMENT? There are many things to consider when purchasing an investment property. Choosing a location, determining rent and knowing how many times you can drop my portfolio casually into conversation without sounding like a banker. However there are risks involved and not every property continues to increase in value. But by making well-informed decisions about the property and its appeal to potential renters, my portfolio could b...Continue reading

16.01.2022 HIDDEN COSTS 7 costs of buying your first home you may have missed! You know all about the cost of buying your first home. You’ve saved a great deposit and signed on for your first mortgage. All that’s left to do is move in, right? You’ve already put your new address into your food delivery app. But what’s this? More things to pay?...Continue reading

15.01.2022 WHY YOU NEED A PRE-PURCHASE BUILDING INSPECTION You’ve just walked out of the perfect home. It has a fab shade of paint, the scent of jasmine and even a nook to read in the sun. You’re already baking muffins to take to your new neighbours. Whoa, slow down. There’s more to a great property than fancy light fittings. When you’re in the market for your first home, remember the property has been deliberately made to look its best. Sellers are showing their homes in the best poss...Continue reading

15.01.2022 We're on the home stretch now... #4 of the top 10 most common questions surrounding deposit bonds. Hopefully you've got a better understanding about how a deposit bond could fast track your next property purchase and just how easy and simple it is! #4. I AM BUYING OFF THE PLAN HOW LONG DOES THE DEPOSIT BOND NEED TO BE MADE OUT FOR?... In most cases, buying off the plan means the deposit bond needs to be issued up to the sunset clause date. The sunset clause date is a provision in off-the-plan contracts that allows either the vendor or the purchaser to rescind the contract if the title to the property has not been created by a specific date. Find the sunset clause date in your contract of sale or ask our team to help. While you’re there, look out for a separate clause in your contract relating to deposit bonds some vendors may request to add additional time on a deposit bond. If you can prove that settlement occurred earlier than 6 months from the expiry date of the deposit bond, a pro rata refund can be obtained. The maximum refund applicable is 18 months. Terms and Conditions do apply. Reach out if you are in a similar situation to see how we can help!

13.01.2022 AN IMPORTANT READ FOR FIRST HOME BUYERS What type of first home should you buy? Pick up any two kids drawings of their dream homes and you’re bound to notice a few similarities. A house with a triangular top and chimney, a door, one or two windows and probably a few flattering stick figures.... Flash forward a few decades and your dream home options come with a lot more variety. Townhouse? A detached house? Apartment? Villa houses? Then there’s off the plan vs on. Suddenly those stick figures had things easy. But choice should be exciting, not overwhelming you just need to find the home that’s your right balance of location, style and cost. ON LOCATION Location there’s a reason they say it three times it’s pretty important. But it doesn’t just mean proximity to the city, it’s also about your lifestyle. How far is work? Are there decent schools in the area? Is the public transport reliable? And most importantly is there a Grill’d? These are factors that could add value to the property, but especially to your life. SOMETHING OLD OR SOMETHING NEW? Differing properties have differing prices but there are other factors to consider than what’s under the sold sticker. Maintenance, insurance, services and body corporate fees can all vary too so keep your eyes peeled on the more hidden costs. Buying off the plan or a house and land package means buy now pay later plus you’ll usually get a discounted price with even more reductions on stamp duty. And with a new place, you’re more likely to get better technology, more modern designs and a better neighbourhood. Whereas if you buy an existing dwelling, you’ll need to drop a sizeable deposit, with home loan repayments starting straight after. In saying that, already established house or units are more likely to retain value in a slow market and have less risk than buying off the plan. LASTLY... Since you’re likely in the early stages of buying, try to not be too bogged down in the scary stuff do lots of research, figure out what’s important to you and hit up a few local inspections or auctions to get a feel for the process. *This article is prepared based on general information. It does not take into account individual financial objectives or needs and is not financial product advice. https://www.mebank.com.au//what-type-of-first-home-shoul/

13.01.2022 3 THINGS YOU NEED TO KNOW WHEN BORROWING TO INVEST IN PROPERTY Borrowing to invest in property can be a viable way to expand your portfolio. But it’s important to stay up-to-date with the rules. In mid-2015 the Australian Prudential Regulatory Authority (APRA), which regulates Australia’s banks, imposed caps on the level of investment lending. It came hot on the heels of previous APRA initiatives also designed to take the heat out of investment lending to support more sustain...able property price growth. These guidelines for investing will help you understand how APRA’s changes might affect you when you borrow to invest. Lenders have tightened loan-to-valuation ratios for investors. As a result of APRA’s initiatives, banks were left to make their own choices about how they would rein in investment loans. This has meant a variety of approaches have been taken by different lenders. A common thread is that borrowing limits for investors have been tightened. As a property investor, you could face less generous ‘loan-to-valuation ratios’ (LVRs) than owner-occupiers. The LVR is the percentage of a property’s value you can borrow. Following APRA’s changes, you may not be eligible for a loan even with a deposit of 5 to 10% of a property’s value. You’ll need to get your finances in order. Loan serviceability criteria may also have changed since you last looked at an investment loan. Rather than assuming you have enough funds to invest in a rental property, it is important to speak with your mortgage broker to understand exactly what sort of deposit you need and how you can demonstrate your ability to make repayments ongoing. Investing in property is a business decision and your bank will treat it like one. As an investor, it makes sense to go to your lender with all the groundwork complete and paperwork ready to go. Give yourself the best opportunity for approval by showing evidence of a healthy deposit and long-term savings history. Consider making the most of your existing equity. If this is not your first property purchase, you may have equity available to reinvest. Your history of repaying the existing loan and the amount you’ve already paid down could be the pathway to your next property, in lieu of a cash deposit. Investing in property means keeping your finger on the pulse. APRA changes and decisions made by your bank could affect your portfolio. Staying across current lending criteria and guidelines will make it easier to act when you lay eyes on the ideal property. We can explain how to expand your buying options or help you get your next investment finalised sooner. Send us a message NOW! *This article is prepared based on general information. It does not take into account individual financial objectives or needs and is not financial product advice. https://www.mebank.com.au//the-new-golden-rule-of-invest/

12.01.2022 Have you refinanced in the last 18 months? If you answered NO - Get in touch with us today to see if we can save you money on your home loan! Don't put it off any longer...we'll help make the process easy to understand and as quick as possible. If you answered YES - That's great! Hopefully you've got the best rate and loan features for your situation. If you're not sure, we'd be happy to make sure you have the best product for you (completely obligation free & free of charge!)

11.01.2022 And the runner of the 10 most common questions asked about deposit bonds is...... #2 of course. #2. HOW MUCH DOES A DEPOSIT BOND COST? It depends on the deposit bond amount and the required length of time. ... A really good question, but one that doesn't have one generic answer to suit everyone. However, we will say - its probably a lot less than you think! Give us a call, email or message and we can give you the answer you need with a bit of detail about your specific situation.

08.01.2022 SHOULD YOU BUY BEFORE SELLING YOUR HOME? When you’ve found the one for the second time, knowing whether to buy or sell first can be a tricky decision. It’s time to move from your humble first pad to a larger home. But unlike the first time you bought, you already have a home loan. Do you pack it with you or thank it for the memories and part ways?...Continue reading

07.01.2022 There are a lot of do's and don'ts when selling your house. So many opinions and conflicting information thrown at you from all different directions, from the banks, to the real estate agents, friends who have 'been in the market for decades' and lovely Aunt Betty who watched something on the evening news that she thought was very important for you to know! - To say it can be a bit overwhelming would be an understatement. The last thing you would want to do would be to knock back a solid offer for your home based on some mis-information! Watch this video and avoid making a huge mistake when putting your property up for sale.