Damian Bastiras Loan Specialist in Adelaide, South Australia | Property

Damian Bastiras Loan Specialist

Locality: Adelaide, South Australia

Phone: +61 431 382 750

Address: 109A Archer Street, North Adelaide 5006 Adelaide, SA, Australia

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

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21.01.2022 Home lending continues to be a challenging environment, with lenders changing their rates and underwriting criteria on a regular basis. At Significant Financial Solutions, we provide an integrated and streamlined property investment solution, which includes representing more than 30 of Australia's most competitive lenders in house. So we have financing solutions for prime, alt-doc and non-conforming borrowers of all shapes and sizes. Please let us know if you're plannin...g to make a property investment this year and would like a better idea of your current borrowing capacity, as well as ideas on how you could improve it. ~ SFS THE THINKING BEHIND THE MONEY ~ Damian Bastiras [email protected] 0431 382 750 109A Archer Street , North Adelaide , SA 5006

21.01.2022 !! TIME TO REFINANCE !! With record low Interest rates on offer & the possibility of receiving a $2000 to $4000 cashback just for refinancing with particular lenders, there could be extra money in the charismas budget this year. Now is most definitely the best time to review your current mortgage and potentially save thousands of dollars.... Contact me today free assessment today. ~ SFS THE THINKING BEHIND THE MONEY ~ Damian Bastiras 0431 382 750 [email protected] 109A Archer Street , North Adelaide SA 5006

17.01.2022 !! Lowest Interest rates on record !! With record Interest rates on offer now and the possibility of receiving a $2000 to $4000 cashback for refinancing with particular lenders. Now is most definitely the best time to review your current mortgage and potentially save thousands of dollars. Get in touch for your free assessment today. ... ~ SFS THE THINKING BEHIND THE MONEY ~ Damian Bastiras 0431 382 750 [email protected] 109A Archer Street , North Adelaide , SA 5112

15.01.2022 The Reserve Bank of Australia (RBA) has announced its first cash rate decision of the new year. As expected, the central bank has held the rate at its current record low of 0.1%, where it has sat for the past three months since the November 2020 meeting. In a statement, RBA governor Philip Lowe said that while recent vaccine developments have improved the outlook for the global economy, the path to Australia’s economic recovery depends, not only on the health situation as it ...unfolds, but also on significant fiscal and monetary support. Unemployment has seen a welcome decline to 6.6%, it remains higher than it has been for the past two decades. The central scenario is for unemployment to be around 6 per cent at the end of this year and 5 per cent at the end of 2022. For more information, feel free to contact myself or one of our experienced brokers at Significant Financial Solutions to ensure you are getting the most competitive rate that suits your needs. ~ THE THINKING BEHIND THE MONEY ~ Damian Bastiras 0431 382 750 [email protected] 109A Archer Street , North Adelaide , SA 500

15.01.2022 Fixed, Variable or Combo interest rate loan???? What to choose . Each option has benefits to consider. It’s all about finding the right fit for your situation, and what is important to you. . . Do you have plans to sell in the near future? Do you value having stability in your repayments?? I will guide you every step of the way to find the perfect combination for you ... ~SFS THE THINKING BEHIND THE MONEY~ Damian Bastiras 0431 382 750 [email protected] 109A Archer Street , North Adelaide , SA 5006

14.01.2022 After months of speculation as to whether HomeBuilder Grant will be extended, today the Government has announced a 3 month extension!! Key points regarding the extension are as follows. A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive. An extended deadline for all applications to be submitted, including those applying for the $25, 000 grant and the new $15,000 grant. Applications ca...n now be submitted up until 14 April 2021 (inclusive). This will apply to all eligible contracts signed on or after 4 June 2020. An extension to the construction commencement timeframe from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be backdated and apply to all contracts entered into on or after 4 June 2020. An increase to the property price cap for new build contracts in New South Wales and Victoria to $950,000 and $850,000, respectively, where the contract is signed between 1 January 2021 and 31 March 2021, inclusive. The existing new build property price cap of $750,000 will continue to apply in all other States and Territories. A change in licensing requirements and registration for builders and developers, as below o Where an eligible contract is signed on or after the 29 November 2020, the builder or developer must have a valid licence or registration before 29 November 2020. o Where an eligible contract is signed before 29 November 2020, the builder or developer must have a valid licence or registration before 4 June 2020 For more information contact me or one of our trusted brokers at Significant Financial Solutions. ~ THE THINKING BEHIND THE MONEY ~ Damian Bastiras 0431 382 750 Damian Bastiras 109A Archer Street , North Adelaide , SA 5006 https://treasury.gov.au/coronavirus/homebuilder

13.01.2022 GENUINE SAVINGS What is Genuine Savings when applying for a Home Loan? Genuine savings is a policy that most lenders have in place as security to know you will be able to manage the repayments and to avoid any further questions from authorities about money laundering.... With most major lenders the Genuine Savings portion must consist of 5% of the property value and evidently saved over a period of 3 months. Some lenders will have flexibility to this condition eg. Rent expense as genuine savings demonstrated over a certain period of time, general rule of thumb is 6-12 months or borrowing less than a certain % of the property value. Having access to over 45 lenders on our panel we can find the right solution for you and your scenario. SFS - The thinking behind the money Damian Bastiras [email protected] 0431382750 call/text 109A Archer st, North Adelaide 5006

10.01.2022 Have you been considering refinancing your home loan but not quite sure on whether it is right for you, where to start or where to refinance to? You are not alone, on average Australians are refinancing their home loan every 3 4 years as it is natural that as time passes, your needs change and the loan that would have been perfect for you a few years ago may not be the best for you today. Here are some of the common reasons why homeowners look to refinance: They have cha...nge in financial circumstance from when they initially took out their home loan. To secure a lower interest rate; especially in today’s current interest rate environment with interest rates being lower than ever before For whatever the reason dissatisfaction with the current lender Intent to convert from a variable to a fixed rate or vice versa To access home equity to finance other investment property purchases and/or to consolidate their debt position, credit cards personal loans etc. Considering a move to a new house or expanding your investment property portfolio. All great reasons to review your options and investigate whether it is in your best interest and another lender will better suit your needs. Everyone is different, and therefore peoples reasoning for refinancing differ greatly so some great questions to consider on whether a refinance may be of benefit to you are: Does my current loan match my lifestyle? Am I planning to start a family? How will this affect me financially? Would specific loan features benefit my needs? Am I considering renovating my home? Is my fixed rate loan on the verge of expiration? Would lowering my interest rate help me make additional repayments and pay my home loan off sooner Could I use the equity in your home for an investment opportunity? What are the factored costs in refinancing from one loan to another? Where do I see myself in the next 5, 10 or 15 years? If you answered yes to any of the questions or still unsure then send though a message to speak to our team and we will go through our refinance suitability assessment with you so that you can be rest assured on your decision to refinance is right for you. ~ SFS THE THINKING BEHIND THE MONEY ~ Damian Bastiras [email protected] 0431 382 750 109A Archer Street , North Adelaide , SA 5006

09.01.2022 Another piece of great information From Core Logic. It really indicates how important the property market is and the growth/recovery of our Economy. **This is Information gathered from the month of June 2020** For any assistance please contact me on:... M: 0431 382 750 E: [email protected]