Eagle Finance Group | Businesses
Eagle Finance Group
Phone: +61 2 8005 5993
Reviews
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25.01.2022 [Video 3 of 10] Hi all! If you're looking to get a property but don't quite have the 20% deposit, watch this video for some alternatives!... Thanks for watching / sharing :)
24.01.2022 Following APRA's removal of the 7% interest floor rate last week, we have our first lender announcing their new minimum assessment rate for serviceability at 5.50%! This means servicing calculations will now be based on the higher of an interest rate of 5.50% or their current offers + 2.5% buffer and not an outdated 7.25%. TL,DR: Your borrowing capacity has just increased!
23.01.2022 [Video 5 of 10] - How much will a bank lend you? This video explains, in general terms, how a bank calculates how much to lend you. Enjoy! :)
22.01.2022 New 5.0-star Review: "Mike helped us obtain our first investment property while we are living overseas. He made the process extremely easy for us - doing all the leg work so we only really had to sign a few papers at the end! He made sure we had the best outcome for our situation and walked us through the whole process. We highly recommend Mike as a broker and intend on working with him in the future for more transactions."
17.01.2022 Interested in getting a better understanding of how to navigate through COVID-19? Join us for a short webinar next Tuesday night from 6pm-7:30pm. (1 hour presentation with time for questions). You'll be hearing from 3 different perspectives - an accountant, property investment specialist and mortgage broker.... Please register below. https://www.eventbrite.com.au/e/turning-knowledge-into-acti
17.01.2022 [REDRAW FACILITIES vs OFFSET ACCOUNTS] What's the difference between redraw and offset functionality? Following on from our previous video on Basic vs Packaged loans, in this video we talk about the similarities, but more importantly, the differences in these two main methods of reducing your interest. Most variable loans will contain redraw facilities, but offset accounts are often only included within packaged loans, which is why it's important to understand the purpose of ...an offset account. N.B - Just to clarify at 5:57, I meant to say 'You will be charged interest on $960,000' and not $940,000! You will only have $40,000 worth of interest being offset. Feel free to comment below or message me if you have any questions!
15.01.2022 New 5.0-star Review: "Michael was very helpful through the whole process for my wife and I in getting our home. Michael was very good and patient when explaining the process, terminology and jargon as this was very new for us. My wife and I will highly recommend Michael as he will go above and beyond for you and his knowledge in this industry is far beyond others.Thank you for all the help! Lee and Linda"
14.01.2022 [Video 7 of 10] Redraw vs Offset Accounts These two features are commonly misconstrued. Watch this video to find out the similarities and differences!
14.01.2022 A recent review from our lunch time seminars! Thanks Brendon!
14.01.2022 [Video 4 of 10] - Benefits of using a mortgage broker A lot of people think brokers simply find clients the 'best deal'. In reality, there are a few other areas where brokers can add value. Watch this video to find out more!
13.01.2022 [Fixed vs Variable Rates] We’re excited to share a series of informative videos explaining different terms you may come across when applying for a home loan. In our first video, our broker Michael Tang covers the basics of fixed and variable rates and the pros and cons of each. ... Hope you enjoy! Got a question? Let us know what else you'd like to find out or if you have a particular scenario you're wondering about!
12.01.2022 Here are a few FAQs which we think would be beneficial for clients to know. Enjoy!
11.01.2022 New 5.0-star Review: "Helped me secure a loan given tight time constraints. There was constant communication throughout the entire process."
10.01.2022 New 5.0-star Review: "From understanding all options to completing the application, Michael made the whole process really straightforward, explained each step comprehensively, highlighted key points tailored to my situation, and answered my questions in great detail. Michael is extremely responsive, and makes sure to remind me of key dates. Throughout the process I felt comfortable that my application is in good hands! Would definitely use Michael's service again in the future, and would definitely recommend Michael's service!"
09.01.2022 [Video 2 of 10] Hi all! If you're looking to get a property but don't quite have the 20% deposit, watch this video for some alternatives!... If you have any questions please let us know. Thanks for watching / sharing :)
08.01.2022 What are the features of each? Which one allows you to have an offset account? Watch this video to find out!
06.01.2022 Glad to see that interest rates should remain low this season - let's see what this year will bring!
06.01.2022 New 5.0-star Review: "We initially approached Michael Tang in December 2017 when we were starting to think about purchasing an investment property in Sydney. We actually ended up making the purchase two years later. During these two years, Mike was nothing but a constant source of support and patience despite our endless questions with no immediate plans to purchase. We are overseas investors but that did not deter Michael he worked hard to find products that were not just ...available to us but also recommended for us. He also worked hard for us to secure a rate better what we could have obtained ourselves directly. The process was so smooth as Michael did all the heavy lifting on the ground for us. We were told by many people that purchasing from overseas would be a difficult process. But that was not our experience at all and I have no doubt that was because we were in Michael’s capable hands. He will liaise with the banks for you, guide you in terms of what exactly needs to be provided and signed, where and by whom, and what needs to be done. It’s also worth saying that we are transactional lawyers and have similar roles in advising clients about their important purchases; needless to say we have high expectations and Michael surpassed them. Thank you Michael!" See more
03.01.2022 [BASIC VS PACKAGED PRODUCTS] Confused by the different product names used by banks? In this video, we explain the difference between Basic Products and Packaged Products and the pros and cons of each.... Cheers! Michael
03.01.2022 [POSITIVE VS NEGATIVE GEARING] In this video, we explain the concept of positive and negative gearing. Many people don't understand the difference however, it's actually quite simple. Watch this video to find out more :) NB - Another example to explain tax deductions for negatively geared property is as follows.... - If your property is negatively geared by $5,000 per year and your taxable income is $75,000 per year. By holding this negatively geared property, your taxable income reduces to $70,000. Any questions, let me know!
01.01.2022 As many of you might have heard, already-low rates have been dropping further following the RBA's cash rate cut this month. This has affected all the variable rates across the board, however one of our lenders has just introduced a new record-low P&I owner occupied 2.99% 3 year fixed rate offer! Drop us a line if you would like to explore options like this and more!
