Charley Martinez in Penrith, New South Wales | Mortgage brokers

Charley Martinez

Locality: Penrith, New South Wales

Phone: +61 2 8208 6057

Address: 23 The Crescent 2750 Penrith, NSW, Australia

Website: www.loanmarket.com.au/brokers/charley-martinez

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25.01.2022 RBA reveals March cash rate!!! The cash rate has hit a new record low, with the Reserve Bank easing monetary policy for the fourth time in less than a year amid a sharp dip in market sentiment. GREAT NEWS!!! As predicted by various economists, including myself :-), The Reserve Bank of Australia (RBA) has lowered the official cash rate by 25 bps from 0.75 per cent to 0.5 per cent marking the fourth cut since June 2019 when the easing cycle commenced.... The coronavirus outbreak coming on the back of the bushfires is likely to see the economy go backwards this quarter, which in turn is likely to push unemployment up further after the rise to 5.3% seen in January, he explained. Growth should rebound in the March quarter but givenwe are so far from full employment and the inflation target, the RBA is likely to cut the cash rate again in the months ahead.

25.01.2022 Common misconceptions about HomeBuilder Whether you’re renovating or relocating this year, this $25,000 sum is helping lots of buyers and owners grow their property assets during a pandemic. I’m finding that - in the absence of overseas travel - my clients are focusing on property this year, and the HomeBuilder scheme (plus record low rates) has acted as quite the incentive. To learn more, please click on the link below or you can contact us on 02 8208 6057:... https://bit.ly/2F4bPmQ

24.01.2022 Happy Monday (One more day and kids are back in school. YEAH!!!) Great article by ME Bank, about what types of property are best for investment purposes. Remember when not sure if you are getting value for money, don't hesitate to ask as for a complimentary property investment report.... Any questions, please contact us on 02 8208 6057

23.01.2022 $25k HomeBuilder offer In the midst of the craziness that is 2020, there is always a silver lining. Yesterday, the federal government announced a $700 million housing package for Australians to access $25,000 grants to build a new home or start a major renovation. What does that mean for you? Click on link below to find out more:... https://www.loanmarket.com.au/char//25k-homebuilder-offer-

23.01.2022 News and updates: First home loan deposit scheme introduced

22.01.2022 BUSHFIRE APPEAL!! In a great show of industry collaboration and support for all Australians affected by these bushfires, an industry-wide relief fund has been set up to help victims. Bushfire Relief, backed by Brokers will raise much-needed funds for communities devastated. We realise that many Australians were and will be affected by these fires, and while the initial loss is heartbreaking, the long-term effects will be a heavy burden. We want to help alleviate some of this ...burden and that's why Loan Market has already donated $100,000 to the relief fund. You can donate too. Visit the fundraising page: https://fundraise.redcross.org.au//mortgagebrokersaustralia

21.01.2022 In remembrance for all those brave soldiers that fought and gave their lives for our great nation so we can live in such a blessed country. Lest We Forget!!

20.01.2022 After recent decision of the Reserve bank to reduce the official cash rate by 0.25%. The question in everybody mind, was how much would the lenders pass on to their clients. Well, surprisingly all major lenders have passed on the full 0.25%. ... Below, is how much other lenders have passed on: ING has passed the full 25 bps reduction to its home loan customers, with changes applying from 18 March for all new and existing variable rate customers. Macquarie has lowered its variable mortgage rates by 25 bps, with changes effective 19 March. Suncorp has cut home loan rates by the full 25 bps, effective from 20 March. BOQ and its subsidiary Virgin Money have opted not to pass on the RBAs cut in full to owner-occupiers, who will only receive a 17 bps reduction to their home loan. However, BOQ and Virgin have reduced investor home loan rates by the full 25 bps. ME has passed on the full 25 bps to both its owner-occupier and investor customers. The lenders changes take effect on 26 March. Citibank has responded in kind, cutting variable rates for all new and existing mortgage customers by 25 bps, with the exception of lines of credit. Citis changes will take effect on 24 March. Bankwest, in line with its parent company, the Commonwealth Bank, has reduced variable home loan rates by 25 bps, effective 18 March. Bankwests variable rates will start from 3.32 per cent. Auswide has reduced rates on its RBA Rate Tracker home loan by 25 bps, effective immediately. Newcastle Permanent, The Mutual, Defence Bank, Greater Bank, and Baxter Credit Union have also reduced their rates by the full 25 bps. RACQ Bank joins BOQ and its subsidiary Virgin Money in falling short of a wholesale 25 bps reduction, reducing rates by 17 bps. Non-banks Firstmac, Liberty, and Freedom Lend have passed on the full 25 bps cut. Please don't hesitate to contact me on 0421 322 716 if you would like a complementary no obligation home loan health check.

18.01.2022 With current house prices coming down it has never been a better time to get into the property market. We are here to help, in person or online. The choice is yours!

18.01.2022 Great News for borrowers!! The central bank has cut the official cash rate for the third time in five months. The Reserve Bank of Australia (RBA) has announced that it has reduced the official cash rate to a new record low of 0.75 per cent. The cash rate has now been slashed by a cumulative 75bps over the past five months, with the RBA also lowering rates in June and July.... The central bank has maintained that the monetary policy stimulus is aimed at supporting jobs growth and ensuring that the inflation rate closer to the RBAs medium-term target of 2 to 3 per cent.

17.01.2022 RBA takes today unprecedented action!! In an emergency meeting called weeks ahead of its usual date, the RBA has taken the unprecedented step of cutting rates to 0.25 per cent and committing to the purchase of government bonds in the secondary market a quantitative easing program. At some point, the virus will be contained and the Australian economy will recover, RBA Governor Philip Lowe said in a statement. ... In the interim, a priority for the Reserve Bank is to support jobs, incomes and businesses, so that when the health crisis recedes, the country is well placed to recover strongly. More to come.

17.01.2022 Buying your first home in todays COVID world The Government has released a number of initiatives to help First Home Buyers get on the property ladder faster. It can feel a little overwhelming trying to understand all of the financial jargon and if you are eligible for the scheme. Follow link below for more details?... https://hello.loanmarket.com.au/collect/click.aspx

16.01.2022 Great News for future home buyers will soon be announced by the treasurer Josh Frydenberg in order to stimulate the construction sector! Looking forward to see the details !

16.01.2022 The Capital City Regions With The Strongest And Weakest Annual Change In Dwelling Values (Great Article By Corelogic). Interesting to read that although most suburbs of Sydney have seen a decline in value Blue Mountains have actual seen a modest rise of 1.1%. Please don't hesitate to contact us for further information or all your borrowing needs on 02 8208 6057.

15.01.2022 First Home Loan Deposit: I have recently been receiving many calls regarding this new government scheme and how it works. So I have decide to writ a blog, that hopefully will answer many of these common question.... Also remember you can always contact us to find out more or if you require further assistance on (02) 8208 6057.

15.01.2022 Wishing You An Awesome Australia Day and I hope you have a wonderful time with friends and family.

13.01.2022 Great News For First Home Buyers!! The NSW state government has abolished stamp duty for new homes under $800,000, in a bid to support first home buyers and the construction industry. Premier Gladys Berejiklian has announced that the government will temporarily axe stamp duty on newly built homes valued at under $800,000, from 1 August.... There will also be concessions available for new homes under $1 million in value (up from the previous limit of $800,00). Previously, stamp duty applied to homes worth more than $650,000. According to media reports, the move is expected to support approximately 6,000 first home buyers while boosting construction and creating jobs amid the COVID-19 crisis. As well as increasing the stamp duty threshold for newly built homes, the government will also raise the threshold for stamp duty on vacant land. This will rise from $350,000 to $400,000 and will phase out at $500,000. Call me to find out more on 0421 322 716.

12.01.2022 With current rates under 3%, there has been no better time to review your existing loan or purchase your first or next property. We have access to over 45 lenders we sure to find the best loan for you. Lets get started by clicking on the link below or you can call us on (02) 8208 6057. https://my.loanmarket.com.au/bd6c22ed-9610-43bb-8671-1ebd98

12.01.2022 FIRST HOME LOAN DEPOSIT SCHEME UPDATE: We are disappointed to report that currently there are no allocations for the FHLDS remain available. We are advised that this applies to all banks participating in the scheme, it is the scheme places overall that are impacted. How did this occur?... The Scheme is designed to have a maximum of 10,000 places per financial year available to all participants. Any major banks participating cannot exceed 5,000 places and any smaller lender (like Bank Australia, State Bank, etc) cannot exceed 1,000 places each in the year. As other banks reserve places for their customers the 10,000 are taken. Will more places become available? We have not received formal advice from NHFIC just yet. We anticipate that as FY2020-21 places that are currently on hold (Reserved and Pre-Approved) reach expiry or are withdrawn, these places will become available again. This is no guarantee to if or when this will occur though. What does this mean for you? The Scheme is designed with limited places and these places are currently on hold or been settled. Places on hold mean a customer is searching for a property, which they have a time-frame to find. There is a chance that they will reach the expiry date or decide to not proceed, in which case their place will be opened again for someone else to reserve. If a place becomes available, we can attempt to reserve this place. To reserve a place we will need to submit an application and all supporting documents, except the contract of sale. There, of course is no a guarantee that a place will become available though. Please don't hesitate to contact me if you have any questions on 02 8208 6057

12.01.2022 Buying your first home in today’s COVID world The Government has released a number of initiatives to help First Home Buyers get on the property ladder faster. It can feel a little overwhelming trying to understand all of the financial jargon and if you are eligible for the scheme. Follow link below for more details?... https://hello.loanmarket.com.au/collect/click.aspx

11.01.2022 With access to 62 banks and specialty lenders, we will make sure to find you, the best loan with the best rate to meet your borrowing needs!! Call me for your free no obligation home loan consultation, on 0421 322 716!!

10.01.2022 Considering updating your Car or Equipment before EOFY? Call me on 0421 322 716 for a quote before you go shopping. Let me organise you a pre-approval so you can negotiate for a cash price with confidence.

10.01.2022 Breaking News!! It's official; the RBA has delivered the first interest rate cut in nearly three years, slashing the rate by 0.25 basis points to 1.25 percent. The cut is the first change to the cash rate since August 2016 with financial markets priced for the 25-basis point cut.... The combination of slower growth in the minimum wage, falling building approvals, soft credit growth, falling March quarter investment and likely only modestly rising capex in 2019-20 leave the RBA on track to cut rates on Tuesday by 0.25% with further cuts to follow, The question now remains, is how much of this rate cut will the banks and lenders pass on to their clients

09.01.2022 Wishing You A Safe & Happy Easter!!

09.01.2022 Remember, we are here to help. Call us on 02 8208 6057 for any assistance or inquiries.

05.01.2022 Wishing you a Wonderful Easter Long Weekend. Please ensure to adhere to the social distancing and keep safe ! IMPORTANT: Double demerit points still apply from today.

03.01.2022 GREAT NEWS For Borrowers!! RBA cuts cash rate to new record low!!! The Reserve Bank has released the outcome of its monthly board meeting for July, following widespread expectation of more rate cuts.... The RBA today decided to cut the official cash rate to a new record-low level of 1.0 per cent. Most of Australias economists and industry representatives were expecting a cut, according to comparison website Finder and its panel of respondents, with 68 per cent accurately predicting the move. While moved to its new record low last month (when it moved to 1.25 per cent), the cash rate is now at a new all-time low with anticipation building for a further rate cut later this year. As usual, we are all waiting with anticipation to how much will the lenders of this 0.25% rate cut will be passed on to their clients If you have any questions or would like to find out what are the best available rates currently available, please don't hesitate to call us on 02 8208 6057.

02.01.2022 Wishing all mums a wonderful Mothers Day!!

01.01.2022 Stay ahead of your ATO obligations. We can offer various solutions, such as a line of credit facility up to $25,000 and short-term business loans up to $300,000* with flexible repayments that work with your cash flow cycle. Talk to us today. T&Cs apply.

01.01.2022 Common misconceptions about HomeBuilder Whether youre renovating or relocating this year, this $25,000 sum is helping lots of buyers and owners grow their property assets during a pandemic. Im finding that - in the absence of overseas travel - my clients are focusing on property this year, and the HomeBuilder scheme (plus record low rates) has acted as quite the incentive. To learn more, please click on the link below or you can contact us on 02 8208 6057:... https://bit.ly/2F4bPmQ