Funded in St Peters, New South Wales | Loan service

Funded

Locality: St Peters, New South Wales

Phone: +61 2 9557 8894

Address: 10 Florence Street 2044 St Peters, NSW, Australia

Website: http://www.funded.net.au

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23.01.2022 There’s a common misconception, that once you’re over fifty you can’t borrow money for property due to approaching retirement. There’s an element of truth in this, but it is mostly incorrect. Lenders simply want to know how a loan is going to be paid out in retirement if need be. If new borrowings are for investment purposes, retirement age hardly comes into account, simply because the asset can be sold at any time you choose. Don’t let your age stop you from contemplating investment. With a nest egg behind you, you have finally reached a point in your life where your money can work for you, as opposed to you working for it. If you borrow for something that’s making more than it’s costing you’re obviously getting ahead. If it’s going up in value, you’re even further ahead.

18.01.2022 5 year fixed rate at 2.94% p.a.* (P&I owner occupied). Plus you may be eligible for $2,000 cash back, please enquire. What rate are you paying? Until recently, lenders were required to use interest rates above 7% to calculate affordability. This combined with added scrutiny over living expenses made getting a loan tough. With interest rates down, APRA are now allowing lenders to use assessment rates much closer to the actual rate you’re paying, which has made getting a loa...n easier. Please make contact to see how much I can save you. * Comparison Rate is 3.72% p.a. and is correct at 01/10/2019 and is subject to change at any time. This comparison rate is based on a loan amount of $150,000 over a 25 year term with LVR under 60%. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a higher or lower comparison rate. Terms, conditions, fees and charges apply and your full financial situation would need to be reviewed prior to acceptance of any offer or product.

10.01.2022 One lender on panel is currently doing investment loans at 3.73% *. Contact me now to find out if we can get you onto this product. Thanks - Bryce 02 9557 8894 * Comparison Rate is 3.84% and is correct at 28/09/2018 and is subject to change at any time. This comparison rate is based on a loan amount of $500,000 (minimum for this rate) over a 30 year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Terms, conditions, fees and charges apply and your full financial situation would need to be reviewed prior to acceptance of any offer or product.

09.01.2022 FHLDS update (First Home Loan Deposit Scheme) We still don’t know the finer details of the FHLDS, but the government are still saying this is planned to start January 1. I have my doubts they will be ready. Keep checking their website https://www.nhfic.gov.au/what-we-do/fhlds/ Importantly, it’s been confirmed that for a purchase to be eligible, contracts will need to exchange on or after this date. If contracts exchange prior the purchase will not be eligible for the waive...r. Perhaps a deposit could tentatively hold a property, but you can’t exchange contracts. I’m hopeful applications for the scheme will open prior to January 1, and that an approval will be able to be granted in advance of finding a property. This has not been announced though either, it will be a nuisance if you have to find the property first, not knowing if you have the waiver in place. I’m in Japan Nov 27 - Dec 17, 2019. I’ll be available via mobile or email. Please don’t hesitate to make contact if need be, otherwise I’ll be back on deck December 18 in time for those of you wanting to take advantage of this new initiative.

09.01.2022 First Home Buyer ALERT Low and middle income First Home Buyers will be able to purchase with a 5 percent deposit from January 1, 2020. LMI (Lenders Mortgage Insurance) will not be payable with this scheme being set up by the Federal Government. This is a huge saving. Combine this with available Stamp Duty exemptions and it will be a whole lot easier for First Home Buyers to get a foot in the door. The maximum purchase price thresholds have been announced today by the ABC. ... For example, in Sydney, the maximum will be $700,000. If you have diligently saved a 5% deposit, can afford loan repayments, and meet normal lending criteria, you could purchase a $650,000 property in Sydney with just $32,500 deposit. To be eligible you will need to have earned less than $125,000 last year if you’re single, or $200,000 for couples. Only 10,000 buyers will be eligible each year, apparently on a first come first served basis. This is one tenth the number of First Home Buyers so it will be important to get in early. Full details of this scheme are yet to be announced. Please contact me now if you would like to be kept up to date.