Capital 4 Finance Group Pty Ltd | Property

Capital 4 Finance Group Pty Ltd

Phone: +61 418 176 189

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25.01.2022 We only get paid if your loan is successful

24.01.2022 For all of you asking about the First Home Super Saver Scheme...must read!

20.01.2022 The third option has become extremely popular...contact me if you wish to discuss

20.01.2022 Don't ever go to an auction without organising the first one!

20.01.2022 This will allow you to buy with confidence!

18.01.2022 Debt Consolidation is Not Debt Elimination

18.01.2022 Why 2020 could be your year to buy property If you’ve been thinking about purchasing your first property, 2020 might be the time to pounce. Following a long-awaited correction, many property markets across Australia appear to have plateaued and are now once again increasing in value. According to Corelogic, in January house price values in Sydney alone rose by 1.5 per cent, 6.7 per cent over the past quarter. While the average increase across the nation’s capital cities in ju...st the first month of the year was 1.1 per cent. Depending on who you speak to, this renewed growth may be attributed to a variety of factors. This week we saw the Reserve Bank once again leave rates on hold at a record low 0.75 per cent. The central bank is widely expected to reduce the rate further to 0.5 per cent in the coming months. Meanwhile, competition to lend money continues to heat up, helping to ensure lender interest rates remain low. Anecdotal evidence also points to an increased willingness from lenders to offer home loans to potential borrowers. In addition, the Government’s First Home Loan Deposit Scheme is helping more people to gain a foot hold on the property ladder. The scheme works by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as five per cent (lender's criteria apply). Long story short the market is on the up and fear of missing out (FOMO) is a real thing. But it doesn’t need to be. Sometimes taking the first step towards a goal is enough to allay concerns and set a person on the right path. Contacting a mortgage broker early in your search is often a wise idea as it may allow the broker time to understand your circumstances and potentially help prepare you for a successful loan application when the time is right. Contact us if you would like to have a chat. See more

17.01.2022 If your cafe was run by a bank

17.01.2022 What is LVR? The mortgage industry is a wide, wondrous world with a language all of its own. One of the many acronyms bandied about is ‘LVR’, which stands for ‘loan-to-valuation ratio’. Here’s what it means. When you are working out what amount you can borrow to purchase a property, the size of deposit you need to save and whether you are eligible for a particular mortgage product, the loan-to-valuation ratio (LVR) is one of the most important considerations. ... In the simplest terms, the LVR is the percentage of the property’s value, as assessed by the lender, that your loan equates to. So, if the property you want to purchase is valued at $500,000, and you need to borrow $400,000 to pay for it, the loan is 80 per cent of the property value, making your LVR 80 per cent. LVR is important because different lenders and loan types have different maximum LVRs, and some lenders will only lend up to a certain LVR for mall properties or properties in certain areas. Most lenders will finance 80 per cent LVR, or higher with lenders’ mortgage insurance (LMI), while alt doc loans may be limited to 60 per cent LVR without LMI. See more

14.01.2022 Thought it might be of interest...not many people ask No.6

14.01.2022 I know most men including myself should read this!!

13.01.2022 With a drop in rates in March...is now the time to refinance?

11.01.2022 Would love to get feedback on who believes the government should put a freeze on all mortgage repayments and rent for both personal and businesses, and subsidize income for all workers?

10.01.2022 STILL OPEN FOR BUSINESS / COVID-19 ASSISTANCE I hope I find you and your family safe and well. During these unprecedented times, I want to let you know that I am here to help, and I am committed servicing your financial needs as usual to deliver the best outcomes for you. As the COVID-19 (coronavirus) situation evolves, we are ensuring the safety, health and welfare of our team, our clients and others with whom we interact, by following official Australian Government advice....Continue reading

09.01.2022 Pretty simple stuff...but how many of you are really doing it!

09.01.2022 Its a decision most of us will have to probably make.

08.01.2022 Remember your kids will learn about finance from you at home

07.01.2022 Explainer: comparison rates Comparing apples with oranges doesn’t make sense. To make finding the right loan easier, and to make advertised rates as transparent as possible, we have comparison rates. You’re looking for the best mortgage deal and you see an ad. It shouts ‘3.8% INTEREST!’ and, underneath that seemingly too-good-to-be-true rate, ‘7.9% comparison rate’. What does this mean? Because a comparison rate includes all of the fees and charges that can be applied to a... home loan, it helps to show customers what the true cost of a loan is. In some instances, lenders offering the lowest rate may not actually boast the cheapest loan, which is what a comparison rate shows, explains Mortgage Choice Head of Corporate Affairs, Jessica Darnbrough. In 2003, an amendment was made to the Uniform Consumer Credit Code (UCCC) that required comparison rates to be included in advertising. This change was made so that customers were not easily misled when it came to home loan interest rates. The UCCC has since been replaced by the National Credit Code and the comparison rate requirement remains. This allows consumers to compare apples with apples, to an extent. It does make it much simpler to hold two loan products side by side and, regardless of whether one has a slightly higher interest rate and no fees while the other is a super-low interest rate with high fees, see at a glance which one is the better deal financially. However, it isn’t always this simple. Fees and charges, the rate at which principle is paid down and the total interest paid over the loan term all change depending on the loan amount and on the term, so you need to delve a little further into how that comparison rate is calculated. While the comparison rate itself must be as prominently displayed as the interest rate not buried in tiny fine print somewhere on the advertisement, there will be a statement along the lines of ‘Comparison rate calculated on a loan of $150,000 for a term of 25 years, with monthly repayments’. If your loan is going to be for $900,000, the comparison rate for your loan will be vastly different. In order to get an idea of the comparison rate that applies to a loan, it is a good idea for borrowers to look at the comparison rate for the amount and term closest to the amount and term of their loan, Darnbrough suggests. It is always a good idea to look at a comparison rate that is specific to their circumstances, otherwise they can be misled. I can help you make sense of advertised interest rates and calculate comparison rates for your specific circumstances. http://www.capital4.com.au See more

06.01.2022 Open Banking explained

05.01.2022 Mistake no.3 always happens

03.01.2022 Too loyal or time-poor for a better rate? Problem solved Another month, another rate cut. Finance can be so tedious. That is until you realise it could mean more money in your pocket. But how?... For many, matters of personal finance are so dull and/or difficult, they are immediately filed in the too-hard basket. And for their trouble, or lack thereof, these people are often slugged with a 'lazy tax' - the price paid for staying put. Loyalty too, or simply being time-poor, can also be offences punishable by debt in the world of finance. But it doesn’t have to be this way. A 2018 Australian Competition and Consumer Commission (ACCC) report showed that new borrowers with an average-sized residential mortgage paid up to $850 less a year in interest than existing borrowers with the same lender. However, despite the apparent benefits, actively ensuring an interest rate remains suitable is a practice that continues to elude many. Fortunately, there are people out there whose job it is to assist in this process. Finance brokers can play a vital role in assisting borrowers through the process of ensuring their mortgage is competitive. We are just a phone call away and are ready to guide you through the task of refinancing your loan. See more

01.01.2022 Employment history...probably the most important factor people need to realise