Capital Credit Australia in Clyde, Victoria | Mortgage brokers

Capital Credit Australia

Locality: Clyde, Victoria

Phone: +61 409 553 806

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25.01.2022 Wishing you all a safe Easter

25.01.2022 The RBA have decided to drop the cash rate by 0.25. The Big 4 have been quick to announce they will be passing on the rate cut along with some second tier lenders, others are yet to announce if and when the rate reduction will be passed on. Should your Lender not be passing on the full rate cut is it time to cut your Lender? To speak about the pro's and con's be sure to contact your Broker to get the right advise.

16.01.2022 Spam watch: 'Loan Today' has been commenting on Broker business pages like mine promoting their business, they are phishing and we have no affiliation with them whatsoever. I have deleted the comments. Thank you, Admin.

16.01.2022 When is the best time to refinance your home loan? As a home owner with a mortgage, chances are you’ve heard of the term 'refinancing'. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly. Another common reason borrowers look to refinance is so that they can acces...Continue reading

16.01.2022 Our thoughts are with those caught up in the devastation of the fires. Should those watching from a safe place like to help please consider donating to one of the fundraisers below. There are also many wildlife fundraisers in need. A little or a lot, any bit helps, even just sharing to your wall to raise awareness to others does help.

13.01.2022 The Commonwealth have announced that all States and Territories are now signatories to the HomeBuilder National Partnership. The State Revenue Office of Tasmania is first off the rank in accepting applications. Queensland will be next to accept applications, date unkown. ... Other States and Territories to follow.

13.01.2022 "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." Are you eligible? Have a read through the fact sheet for more info.

09.01.2022 What you need to know about your home loan during Covid-19 Interest Rates: The RBA announced a 0.25% rate reduction on 3rd March followed by a second 0.25% rate reduction on 19th March. Many Lenders agreed to pass on the first rate cut in full by the end of this month, which should have taken affect on your loan by now, this is applied automatically, you do not need to do anything. The second rate reduction the majority of Lenders agreed the most responsible step was to ass...Continue reading

08.01.2022 Buy Now Pay Later - the hidden danger potentially stopping you from owning your own home The Buy Now Pay Later sector is winning-over the youth demographic with the promise of instant gratification, but leading mortgage brokers are warning that with every sugar-high comes the risk of a corresponding low. ‘Buy Now Pay Later’ providers such as AfterPay and Zip Pay have experienced massive growth in popularity, with the number of users jumping from 400,000 to approximately 2 mil...lion between 2015 and 2018. Driven by a simple proposition whereby the Buy Now Pay Later provider pays the merchant on behalf of the customer, allowing the customer to obtain the goods or receive a service immediately while subsequently paying off the debt generally through instalments, Buy Now Pay Later presents a tempting offering. But as the sector’s breakneck growth continues, mortgage professionals are warning users, particularly in the younger demographic, to be cautious of overdoing it as this could risk effecting their chances of securing a home loan further down the track. It’s the layby of our day but in reverse. It’s your forward credit for an item, which I don’t agree with, said one leading mortgage broker. In theory, it makes sense. You get the item or service and pay it off over instalments, so you’re actually putting forward your liability. This might be ok for someone that manages their money well, if they pay off the item on time and use their mortgage offset account correctly. This way they’re delaying expenses and offsetting more of their savings against their home loan. But there’s probably one per cent of people doing that and the rest of them are spending beyond their means, the broker added. As a result, according to this broker, there may also be a stigma associated with using Buy Now Pay Later schemes rather than paying up-front and in-full. Utilising this payment method may potentially send the wrong message to a bank. If a lender sees a ‘buy now pay later’ provider frequently on a client’s bank statements, that can trigger more questions about their spending behaviours and ultimately may mean they choose to decline the application. I would much prefer to see my clients save for the item and demonstrate those good habits. If you are concerned about your level of expenditure or your ability to secure a home loan, a conversation with your local mortgage broker could set you on the right path. It’s important to appropriately manage your expenses well in advance of applying for a home loan, that way you can show the bank that you can save and afford to service a mortgage when the time comes, the broker said. Article source: MFAA

06.01.2022 Calling on you to speak up. If you have not yet signed please show your support in doing so. https://www.change.org/p/federal-treasurer-josh-frydenberg-