First Finance Solutions in Balwyn, Victoria | Businesses

First Finance Solutions

Locality: Balwyn, Victoria

Phone: +61 423 044 641

Address: 7/255 Whitehorse Road Balwyn, VIC, Australia

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

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24.01.2022 The team at First Finance Solutions would like to wish all our clients, business partners and facebook friends a very happy, healthy and prosperous 2019

23.01.2022 First Home Buyers get a Boost As announced earlier in the year FHBs will now get a much needed leg up as the affordability issue was becoming a political hot potato. From July 1 -FHBs will no longer pay stamp duty for homes purchased for $600,000 or less and there will be a sliding scale of concessions up to a purchase price of $750,000. For example, a house purchased for $650,000 will attract $11,357 in stamp duty compared to $34,070 pre July 1.... In a further boost to regional Victoria First Home Owners Grant for newly constructed dwellings will increase to $20,000. The grant will remain at $10,000 for new Melbourne metro homes For further information please contact us Ben 0423 044 641 and Craig 0412 316 176 See more

23.01.2022 First Finance Solutions Live Case Study: Refinance Client who has an owner occupied home and an investment property. The debts on these properties are $322,000 and $320,000 respectively. The client was paying 5.44% on both of their loans (home loan was principle and interest and the investment was interest only), repayments were $1,816 and $1450 per month. Prior to the refinance we had an in depth discussion about their financial goals. We recommended due to their age and wit...h the stage they are in their professional career it was in their best interest to have both of these loans as principle and interest to grow their wealth and pay down their debt prior to retirement. FFS was able to obtain 3.88% (fixed) on the owner occupied property and 4.19% on the investment property. The new repayments are $1,515 and $1,562 per month respectively. This will save the client $2,268 in repayments per year and saving the client $9,012 in interest per year! In the new scenario they will also reduce their investment debt by $5,448 in just the first year. On top of this the client was eligible for a $1,200 refinance rebate from the new lender which covered all the refinancing costs and left the client with approximately $300 to spend how they please. To see how much you can potentially save feel free to call. Ben 0423 044 641 Craig 0412 316 176

22.01.2022 Anyone in the market to purchase a property or refinance an existing loan may have done some research and found that there are now different interest rates for Owner Occupiers and Investors, different rates for principal and interest, and interest only loans and even different rates based on the lending ratio. If you are confused you are not alone! The effect of regulatory changes has resulted in a very complex and continually changing borrowing environment. More now then ever before borrowers need professional advice on choosing the right loan for their circumstances. At First Finance Solutions our advice is free so avoid applying for the wrong loan - it could save you thousands. Call Craig on 0412316176 or Ben on 0423044641 to discuss your situation.

22.01.2022 We have a lender who has dropped their variable rate to 3.99% with an offset account - this is for a limited time only. Conditions apply. Give us a call to assess your situation and if you are an investor we can explain the changes currently being experienced in the market and how they may impact on you.

21.01.2022 Election Has Consequences for Brokers and Consumers The findings of the Royal Commission into misconduct in the Banking, Superannuation and financial services sector were handed down 3 months ago and the industry has had time to digest it and both sides of politics have had the opportunity to indicate where they stand on the issue of Broker remuneration. I have been a broker for more than 28 years and I have lived through a time in the industry where the consumer paid the bro...Continue reading

21.01.2022 First Finance Solutions is proud to announce Ben Walker has joined the business as Senior Loan Consultant. Ben will focus on the residential lending side of the business. He comes to the business with over 4 years experience in branch banking and residential lending with a large Australian Bank.

21.01.2022 The finance market is hotting up again with banks wanting a bigger slice of the home loan market. That means lower rates. We now have access to 5 fixed rates under 4%. Thats right a bank has just come out with a 5 year rate at 3.99% for owner occupiers and 4.09% for investors conditions apply but certainly investors with no short term debt reduction strategy should consider fixing a portion of their debt at this level or under 4% for shorter terms. Call us for a free Home loan health check or go to our website to check out more great rates. www.firstfinance.com.au

21.01.2022 First Finance Solutions Case Study Married couple with 2 children, male works full time female works part time. Family has owner occupied home and an investment property. Recently refinanced home and consolidated some small personal debt at significantly better rate, saving clients $2400 per annum in interest and reduced commitments by $600 per month and not long after we were able to refinance their investment property which will save them an additional $1800 per annum. Whil...st doing this they were eligible for a refinance rebate of $1200 which covered the cost of both refinances. In the first year, clients will save $11,400 (after tax) and will be saving thousands in interest per year on going. Clients have used this extra money to go on a family holiday and to save for their childrens education. In doing this they were also able to unlock some equity to do some minor renovations and landscaping which will increase the value of their primary asset. For a free financial health check please contact Ben Walker on 0423044641.

20.01.2022 If you are currently paying more than 4.15%pa on your home loan or investment loan you should give us a call - see our website www.firstfinance.com.au for contact details. Terms and conditions and lenders criteria applies.

19.01.2022 The Reserve Bank met today for the first time in 2016 and left rates on hold at a record low 2%. Economists are split on whether the next move will be up or down. First Finance Solutions has some great home loan deals on offer with variable rates as low as 4.08% with 100% offset. Call us to discuss your needs or enquire through our website firstfinance.com.au

19.01.2022 Dont pay a dollar more in interest than you really have to. If your interest rate is higher than 4.05% then you should give us a call and see what savings can be made with your home loan. Ask us how we can cover the cost of your refinance and put some cash in your account with a $1500 rebate. Conditions apply. Call us for a free assessment of your situation

18.01.2022 Avoid being a "Prisoner" to your Lender. With tightening credit policy and higher levels of scrutiny around living expenses and spending behaviour it is becoming more difficult for some borrowers to obtain a loan or move to another lender for a better deal. Couple this with a softening property market already seeing falling values and many borrowers may become "prisoners" to their current lender and unable to move. More than ever it is important to have choice, particularly w...ith borrowing a large amount of money when even a relatively small difference in interest rate can translate to many thousands of after tax dollars over the life of a loan. Correctly structuring your borrowing to meet your personal goals can also be equally important. The time is right to review your current borrowing to see if their is a better deal to suit your circumstances. Call Craig on 0412316176 or Ben on 0423044641 Look out for our series on tips to become "Application Ready" coming soon.

18.01.2022 First Home Buyer Super Saver Scheme The Government has introduced a scheme to help first home buyers boost their savings by allowing them to build a deposit inside their super. The benefit is built on individuals being able make pretax contributions up to $15,000 a year ($30,000 total) and with the generally higher returns inside super funds people can potentially accelerate putting a deposit together to purchase. As with all these types of schemes there are conditions so it is best to seek advice before hand to see if this is right for you. Please see the attached image which has a detailed case study.

18.01.2022 Comment to win a prize from our partner ALI

16.01.2022 The RBA yesterday cut the cash rate by 25 basis points to a new low of 1.5% and the door has been left open for possible further easing. The major banks have not passed on the full cut to home borrowers but any reduction that reduces home loan commitments is always welcome given wage growth in recent years has been very low. It will be interesting to see if there is any impact on fixed rates given a number of lenders had already cut fixed rates ahead of this official cut. Call us to assess your mortgage interest rate and find out how much you can potentially save

14.01.2022 First Finance Solutions has had great success lately in negotiating lower rates for new borrowers and existing bank customers across a number of lending institutions. It costs nothing to call us to compare your current interest rate with what we can offer through a variety of lenders. We still have rates available from as low as 3.94%. Call us to discuss your situation or send us an enquiry through the website www.firstfinance.com.au

13.01.2022 For Commercial Borrowers. We have a lender with a Variable rate at 4.5% for Commercial Property with an LVR up to 75% with $2M plus in borrowing and very low set up costs. Also have 3 year fixed at 4.46% currently, call us for further details

12.01.2022 Refinancing could save you thousands Its often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move. There are a number of reasons why you might want to refinance: you can consolidate debt into one simple home loan with a lower rate of interest; you can release cash from your home loan equity for other major purchases; take advantage of current low fixed rates, ...or you might want to simply save on your repayments by moving to a loan with a lower interest rate. Your circumstances are unique so you need a tailored solution that meets those needs - thats where First Finance Solutions can help. With interest rates with all lenders changing significantly in recent times, a simple phone call to discuss your situation may save you enough to maybe even pay for your next holiday. Call Craig on 0412316176 or Ben on 0423044641 to discuss your situation.

11.01.2022 Tips for paying off your Home Loan sooner Here are some simple ideas you can use to own your home sooner. 1. Make higher repayments. If your budget can afford extra payments do it. Use your tax refund or a bonus to make big inroads into your mortgage... 2. More frequent repayments. Making your repayments fortnightly or weekly in line youre your salary can help pay your loan quicker and also help you budget better. 3. Use an offset account. Have your salary paid into an offset account and help reduce your interest costs and pay more principal with each payment. 4. If rates fall maintain the current repayments dont let the bank reduce your repayments 5. Use split loan structures. Take out a lower fixed rate loan with a variable rate loan and target this loan to accelerate repayments using the above tips. For more helpful information contact Ben Walker 0423044641 or Craig Walker 0412316176

11.01.2022 The Andrews government has recently announced new measures to help first home buyers get into an ever rising housing market. The proposal will mean that for contracts entered into after 1/7/2017 first home buyers will be exempt from stamp duty on properties purchased up to $600,000 and concessions will apply to properties in the $600,000 to $750,000 range. There is also good news for first home buyers building a new home with a boost to the First Home Owners Grant. Call Ben on 0423 044 641 or Craig on 0412 316 176 for further details

11.01.2022 We have just launched our new First Finance Solutions website. It is more compact and easy to see what we do and how we can help you with your finance needs. Hover your cursor over our photos to see our contact details. Check it out and tell us what you think!

11.01.2022 Driving anywhere around Melbourne and you are sure to see two things 1. Road works and 2. New housing projects. The amount of cranes filling the skyline in the city and suburbs is mind boggling. Multi unit developments looking for presales are everywhere but the lure of off the plan stamp duty benefits for investors is now a thing of the past. Many people are unaware that the rules with regard to OTP purchases were changed on 1/7/2017. The stamp duty concession for OTP purc...hases now only applies if the property is to be occupied as the principal place of residence and under a certain threshold. For non first home buyers the threshold is $550,000 and for first home buyers it is up to $750,000 based on value of land and improvements at the time of signing the contract. Investors are now excluded from OTP stamp duty concessions. For more information call Craig Walker on 0412316176 or Ben Walker on 0423044641 See more

10.01.2022 Visit the First Finance Solutions website for Bens contact details and useful calculators. Contact Ben with any scenarios you have via the website. www.firstfinance.com.au

09.01.2022 Interest rates have never been lower and First Finance Solutions is having great success in negotiating even lower rates with banks for home loans and investment loans. We encourage anyone with a home loan to give us a call and see if they can achieve significant savings. Visit our website for contact details

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06.01.2022 The RBA left the cash rate on hold yesterday at a record low 1.50% for the 14th straight month. In recent times however investors have been left out in the cold as regulatory pressures forced the banks to lift rates to slow lending in this sector. We are happy to report that some pressure has eased and we now have 3 year fixed rates from 3.99% and variable rates from 4.09% for principle and interest loans. Interest only fixed rates from 4.19% and variable rates from 4.59%. Owner occupiers havent been left out with variable rates from 3.64% ($1m plus - P&I) and fixed rates from 3.69% Call Craig on 0412316176 if Ben on 0423044641 for further details.

04.01.2022 A huge congratulations to Ben Walker who has been recognized for his outstanding work in the prestigous MFAA Excellence Awards as a finalist in the Young Professional Award for Victoria. Below is a press release from the MFAA. Join me in congratulating Ben http://firstfinance.com.au/2020%20MFAA%20Finalist%20Media%2

02.01.2022 Bank Kicks the Can for First Home Buyers (FHBs) Following on from our last post with details of new Government incentives for FHBs a bank has also come to the party. One bank is offering a rebate of up to $1,000 to cover conveyancing costs. With nil stamp duty for purchases up to $600,000, no up-front bank fees and the cost of conveyancing covered FHBs can use all their savings towards the property purchase thus borrowing less and lowering costs like Mortgage Insurance if applicable. Call us (Ben 0423 044641 or Craig 0412 316 176) for more information or head to our website at www.firstfinance.com.au while you are there check out our new live chat feature.

01.01.2022 Big shout out to Louise and Lizzy at Bank of Melbourne Balwyn branch for inviting us to the Worlds Longest Lunch at Victoria Gardens. It was brilliant day!