Empire Broking in Melbourne, Victoria, Australia | Financial service

Empire Broking

Locality: Melbourne, Victoria, Australia

Phone: +61 3 9133 5565

Address: 177 Toorak Road 3141 Melbourne, VIC, Australia

Website: http://empirebroking.com.au

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22.01.2022 Whether you are downsizing or buying your first home - we are here to to help you achieve your goals and dreams. http://empirebroking.com.au/

22.01.2022 If you have been thinking about building a new home or carrying out an extension or renovation, now might be the time to meet with an us and work through your options. The Federal Government’s new $680 million HomeBuilder program announced on 4 June 2020 makes available $25,000 grants to help build or substantially renovate your home. How does the HomeBuilder program work? The scheme is only available for contracts signed between 4 June 2020 and 31 December 2020... Construction must commence within three months of the contract date It is means-tested Only available for principal place of residence Limitations on the kinds of renovations (sorry, no tennis courts) and subject to a total value cap If you’re a first home buyer, there are a range of first home buyer and state government grants, stamp duty concessions, and rebates as well as the federal First Home Loan Deposit Scheme and First Home Super Saver Scheme that are available and work in conjunction with the HomeBuilder grant. We are here to help. Still have questions? Talk to us on 03 9133 5565 or visit http://empirebroking.com.au

22.01.2022 JobKeeper, home loan holidays and mortgage stress: What happens next? Experts and commentators have been warning us of the impending cliff thats coming. Lenders have been giving borrowers a pause on their mortgage repayments. These breaks were due to end soon, but with the support of APRA, lenders have recently announced an extension of deferrals until the end of March 2021. At the same time, JobKeeper and JobSeeker programs were only promised until September. Fortunately, JobKeeper and JobSeeker are not coming to a sudden stop. There is now a clearer outline of the next stages, allowing people to better prepare for what may come next. For more information follow this link https://www.ausbanking.org.au/covid-support-phase-two/

21.01.2022 Knowing how much you can borrow and your home budget is a critical stage in the finance and home building process. This will be the factor that determines what type and size of home you can build, where you can purchase land and what extras or inclusions you can choose from. How much you can borrow will depend on a number of factors, the following are the main ones considered by a lender in determining your borrowing capacity: Your Income (Combined if buying with someone e...lse). Your current savings and any equity you have in assets. The deposit you have available for your new home. Your personal credit rating. Any debts and ongoing repayments you have. Your current credit card limits. Your calculated personal living expenditure and regular bills and obligations. A common rule of thumb is that if you have an adequate income level you should be able to borrow 80% of the cost of your house, or house and land package. This can change depending on other factors within your personal situation and the specific lender. Some lenders may allow you to borrow up to 90-95% of the cost of the home, in this instance you will need to take out Lenders Mortgage Insurance (LMI). It is important to remember to stay within your budget and not over extend your ability to make your repayments, while still allowing you to maintain a comfortable lifestyle for you and your family. If you are unsure of what your borrowing capacity may be, arrange a time to discuss your situation with us and we can accurately determine your borrowing capacity. If you would like to discuss your situation and are considering applying for a loan, Call 03 9133 5565 or visit http://empirebroking.com.au

20.01.2022 Today is RUOK?Day, 2020 has been a challenging year for everyone and circumstances have made it even more important for us all to stay connected and, for those who are able, be willing to support those around us. You dont have to be an expert to keep the conversation going when someone says theyre not OK. By knowing what to say you can help someone feel supported and access appropriate help long before theyre in crisis, which can make a really positive difference to their life. Learn what to say after R U OK? https://www.ruok.org.au/

19.01.2022 Staying loyal to your bank could cost you thousands of dollars, according to the new Reserve Bank of Australia data. At the end of August, there was a gap of 0.29 percentage points between existing variable owner-occupier mortgages and new ones. Existing owner-occupiers were being charged an average of 3.21%, while new borrowers were being charged 2.92%.... There are two ways you can avoid paying this 'loyalty tax': Negotiate a rate cut with your existing lender Refinance to a new lender with a lower-rate loan If you do refinance, make sure the loan you're switching to doesn't revert to a higher interest rate at a later date. Banks compete hard for new customers, but sometimes take existing borrowers for granted, so the longer you stay with one lender, the more likely it is your loan is uncompetitive. If you’ve got a steady income and you’ve built up equity in your home, you could potentially refinance to a loan with a lower interest rate and lower fees. Talk to us on 03 9133 5565 or visit http://empirebroking.com.au

19.01.2022 The Federal Governments homebuilder scheme has put renovations back on the table for many homeowners. The scheme allows those who are eligible to apply for a $25,000 grant to cover the cost of the job, conditions apply. Before you start your renos though, just make sure youre its handled by a reputable builder, and for finance requirements, call 03 9133 5565 or visit http://empirebroking.com.au

19.01.2022 It will soon become easier to qualify for a mortgage, under reforms proposed by the federal government. Lenders will no longer have to comply with strict 'responsible lending obligations' when issuing mortgages, although they will still have to follow certain lending standards. Under the current ‘lender beware’ system, lenders can be held accountable when borrowers default on their mortgages which has made nervous lenders less willing to give out loans. But under the propos...ed ‘borrower beware’ system, borrowers will become more accountable for their loan applications which should encourage lenders to assess applications faster and say yes more often. The government feels the current system forces lenders to use one-size-fits-all criteria when assessing loan applications; it wants to move to a system that allows lenders to take a more flexible, commonsense approach. This change is expected to particularly benefit first home buyers and self-employed borrowers, who can struggle to qualify for loans under the current rigid system. The reforms will take effect on 1 March 2021, if approved by parliament. If you are looking at finance as an option for you, now may be the time. Talk to us on 03 9133 5565 or visit http://empirebroking.com.au

19.01.2022 At Empire Broking we can finance home purchases of up to 95% LVR (subject to the loan meeting our eligibility criteria), which means you can start to look at buying once you have saved around 5% of the purchase price. We can finance investment purchases of up to 90% LVR (subject to the loan meeting our eligibility criteria), which means you can start to look at buying once you have saved around 10% of the purchase price. Call 03 9133 5565 or visit http://empirebroking.com.au

17.01.2022 Using a broker allows you to have choice of loan products. We can ensure you’re armed with all the information you need to help you on your way to owning your home, we will do the leg-work for you. Talk to us today! 03 9133 5565 or visit http://empirebroking.com.au/

16.01.2022 We all need one

16.01.2022 Heres what well be seeing a whole lot more of in the coming year, according to The Block judge supremo, Neale Whitaker.

14.01.2022 A dramatic shift in what Australians want our homes to be and how we interact with our surrounding communities is creating a new and reimagined lifestyle ideal. COVID-19, and the copious amounts of time we have spent isolating at home, has served to hasten the pace of these changes and strengthen our desire to adapt them. At its core is the re-emergence of the village at the heart of our daily lives, and also the desire for greater privacy or me time.

14.01.2022 We can help you weigh it all up. As time marches on, situations change. Perhaps youve changed jobs? Or theres a new addition to the family? Maybe you would just like a better rate? Maybe its the advent of school fees, or perhaps the kids have flown the coop? Or maybe that leaking shower or tired kitchen has just reached the end of its life. A shift in circumstances may mean it is time to revisit your home finances. For many, the idea of refinancing a mortgage can be daunti...ng. Fees and fixed versus variable interest rates need to be considered. The right refinanced loan might help you to pay off your mortgage faster and for less, clear unhealthy debt or upgrade and add value your home, all of which are steps in the right direction. Call 03 9133 5565 or visit http://empirebroking.com.au to see how we can help.

13.01.2022 If you're thinking of applying for a loan, a lender will assess your living expenses as part of the approval process. So how do lenders assess your living expenses? First, lenders will ask you to self-assess your living expenses on your home loan application form. Then, they’ll review your bank or credit card statements to confirm your self-assessment and adjust them accordingly. Secondly, they’ll use the Household Expenditure Measure (HEM), which is a standard benchmark t...hat banks use to estimate a borrower’s living expenses. Your living expenses under HEM are based on your income, location, family size and type of lifestyle (student, basic, moderate or lavish). The figures from the HEM will be your minimum living expenses as it is considered unreasonable for someone to spend less than HEM each month. Finally, they’ll then compare the two living expenses assessment methods and use the higher of the two as your living expenses. If you are looking at finance as an option for you, talk to us today! 03 9133 5565 or visit http://empirebroking.com.au

13.01.2022 Make it permanent. Book a time to talk Call 03 9133 5565 or visit http://empirebroking.com.au

12.01.2022 There is no more perfect time than NOW. There are many opportunities available at the moment, whatever your goals and situation is. Talk to us we make things easy, well do the paperwork, manage the application process and then take it through to settlement. Call us on 03 9133 5565 or visit http://www.empirebroking.com.au

11.01.2022 Want to know the most in demand street for property buyers in your suburb? Use this interactive feature at realestate.com.au to find out. https://www.realestate.com.au//australias-most-in-demand-/

11.01.2022 The RBA has decided to lower the cash rate by 15 basis points to 0.10 per cent. The Board took this decision to support job creation and the recovery of the Australian economy from the pandemic. According to a statement by RBA governor, Philip Lowe, "In Australia, the economic recovery is under way and positive GDP growth is now expected in the September quarter, despite the restrictions in Victoria. It will, however, take some time to reach the pre-pandemic level of output. " The cut follows turmoil in financial markets over the past several months driven by the onslaught of corona-virus outbreak and its impact.

11.01.2022 Theres never been a better time to get some more green into your life. Go on, bring the outdoors inside with your very own indoor garden. The Plant Runner co-founder Duncan Hilder has the scoop on the best plants to thrive indoors.

11.01.2022 It can sometimes sound like a bit of a pipedream, but being mortgage free is a reality, and you could be there sooner than you think. One way to get on track to achieving this is setting up and an offset account and redraw facility. These loan features could help you move towards losing that mortgage forever, sooner. If you have a savings account that you use to put money away, you might be surprised to learn that this can save you money on your home loan, even if you keep th...e money in savings. This could be setup as an offset account. Many lenders offer an offset account which, when linked with your mortgage, can significantly reduce the interest that you pay on your loan. The reason for this, is that the savings 'offset' what you owe, and you're only charged interest on your loan amount - minus your savings. For example, if you have a loan of $400k, and keep $30k in an offset account, you are only charged interest on $370k. This can become a significant saving on interest over the term of your loan. Additionally you could setup a mortgage redraw facility. This allows you to make extra repayments on your loan whenever you want, but gives you the flexibility of taking that additional money back in the future if your plans change. By taking advantage of offset accounts and redraw facilities, you could take control of your financial goals today, and pay your loan off sooner. If this seems like an option for you, call us 03 9133 5565 or visit http://empirebroking.com.au

10.01.2022 Happy Fathers Day!

09.01.2022 The Reserve Bank of Australia has again held the cash rate at 0.25 per cent at its September meeting last Tuesday, which is a vote of confidence in the economy.

09.01.2022 Looking for a quick home update and refresh? In this article, leading interior experts give tips on their favourite at-home styling tips to use as inspiration for your own space.

08.01.2022 Lending Tips - what to do before making an offer? 1 Speak with your mortgage broker (How much can you, want to, offer?) 2 Have a conveyancer or solicitor already selected, introduce yourself and get an understanding of their process 3 Have your conveyancer or solicitor review the contract of sale... 4 Confirm with the selling agent if there are any issues with a longer finance clause or with a shorter or longer settlement period 5 Research your building and pest inspectors so you know who to select when and if needed 6 Agree on your max offer and be prepared to walk away But most of all - SPEAK WITH YOUR MORTGAGE BROKER 03 9133 5565 or visit http://empirebroking.com.au

08.01.2022 As a mortgage broker, we get to offer our clients REAL choice when it comes to their finances. We can save you money and time and keep lenders competitive! Just to make things even easier, well do the paperwork, manage the application process and then take it through to settlement. Call 03 9133 5565 or visit http://empirebroking.com.au

07.01.2022 The federal government is expected to heed property developers' calls and extend its HomeBuilder scheme beyond the December expiry date, as thousands more apply for the $25,000 grants to build new houses or renovate their homes. https://www.smh.com.au//government-set-to-heed-developers- Enquire today to see if you qualify before time runs out, talk to us today! 03 9133 5565 or visit http://empirebroking.com.au

07.01.2022 COVID-19 health and economic crisis has fundamentally shifted Australias perception of property. This shift is constantly-changing and has significant implications for buyers, sellers, investors and renters. This interactive visualisation tool from REA Group of their survey conducted between May 6 and July 12 to understand their attitudes towards buying, selling and the broader economy, is a great way to see the results. https://www.realestate.com.au//visualised-how-australias-/

06.01.2022 Do you have the best loan for you? Refinancing is taking out a new mortgage to replace an existing loan. This can be with the same lender, but it often involves switching to another lender. Switching your loan could be right for you if you have been thinking about moving home or renovating. Refinancing could also allow you access additional features like an offset account or a lower interest rate. Here are some additional reasons why switching your loan could be for you:... To get a better interest rate or different features and add-ons such as redraw facilities or flexible payments. To use the equity in your home to borrow money to renovate or improve your lifestyle with a new car or holiday. To consolidate debts such as a personal loan, car loan or credit card into your mortgage so its easier to manage your finances. If this sounds like switching may be right for you, contact us on 03 9133 5565 or visit https://www.empirebroking.com.au/our-services/refinancing/

06.01.2022 A pre-approved buyer is a happy (and prepared) buyer. Pre-approval helps you estimate how much you can borrow, and what your upper limit is. Pre-approval can give you confidence to focus on properties you can afford. It helps you to understand how much you can borrow and think about how much you should borrow. It places you in a much better position to negotiate and get the house you want, and can afford! Talk to us to organise your pre-approval. 03 9133 5565 or visit http://empirebroking.com.au/

06.01.2022 As we firmly step into winter, the lure of venturing out to the backyard may not be as enticing as it is during summer. But this should not be the case! The alfresco is perfectly positioned to celebrate the outdoors and integrate the indoor dining and living areas of your home.

05.01.2022 With Empire Broking, finance is simple; more importantly, its personal. Your Empire Broking Mortgage Broker will be with you every step of the way to ensure that you get the information and support you need. Call 03 9133 5565 or visit http://empirebroking.com.au

05.01.2022 A shift in circumstances may mean it is time to revisit your home finances. For many, the idea of refinancing a mortgage can be daunting. Fees and fixed versus variable interest rates need to be considered. The right refinanced loan might help you to pay off your mortgage faster and for less, clear unhealthy debt or upgrade and add value your home, all of which are steps in the right direction. The right refinanced loan might help you to pay off your mortgage faster and for less, clear unhealthy debt or upgrade and add value your home, all of which are steps in the right direction. Call 03 9133 5565 or visit http://empirebroking.com.au to see how we can help.

05.01.2022 Is your home your happy place? If not, we can help you get into your dream home or maybe you want to make some changes to your existing happy place? Whatever your goals are, talk to us and see how we can help. Call 03 9133 5565 or visit http://empirebroking.com.au

04.01.2022 Here are some simple rules to follow to improving your credit score! 1. Pay your accounts on time. Both good and bad financial behavior is now recorded and a consumer with a good track record for paying off credit is viewed by financial institutions as a sign of financial responsibility. 2. Minimise your applications for credit. Shopping around for a new credit card or home loan can save you money. But applying for too many of them can lower your credit score. Data shows that... consumers who constantly apply for credit cards end up significantly more likely to default. 3. If youve defaulted, pay it up. A default will stay on your file for 5 years regardless of whether you pay it or not, but if you do pay it off, it will reduce the negative impact. Over time the impact of defaults will reduce. 4. Budget. Budgeting is the key to financial success, taking the time to sit down and map out your commitments and goals can help you improve your credit score through good planning and behaviors. You can apply for a free copy of your credit file here: https://www.equifax.com.au//p/credit-and-identity-products If you would like to discuss your situation and are considering applying for a loan, Call 03 9133 5565 or visit http://empirebroking.com.au

04.01.2022 Never has there been so much focus on the home front, with parents working from home while homeschooling and everyone having more time to hang out together. Every room in the house is in high demand, with formal rooms seconded as makeshift studies and the kitchen acting as the communal playground. The dining room, which had given way to the convenience of the breakfast bar, is now back in the spotlight.

02.01.2022 Would you use these bathrooms? Recently installed at a Tokyo park, the see-through public toilets have been drawing a lot of attention. Designed by Shigeru Ban Architects, the toilets are only transparent when not in use, the walls turning opaque once somebody locks the door.

01.01.2022 The Federal Governments HomeBuilder scheme has put home renovations back in the spotlight. Under the scheme, homeowners looking to spruce up their houses and apartments could be eligible for a $25,000 grant to cover the cost of the job. This means more Aussies could be in the market for a dream fixer-upper and a new report has revealed the key areas where they should be looking to buy in each state. Realestate.com.au data has analysed current listings to find the suburbs that have the highest proportion of renovation-ready properties.