Hills Home Financing Pty Ltd in Cherrybrook, New South Wales, Australia | Loan service

Hills Home Financing Pty Ltd

Locality: Cherrybrook, New South Wales, Australia

Phone: +61 402 839 050

Address: 231 Purchase Road 2126 Cherrybrook, NSW, Australia

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

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25.01.2022 Yes, Investment lending is tightening up,but if there are loans that's hard to get across why not give me a call ? Hills Home Financing Pty Ltd deals with a variety of lenders so it's all about options! 0402 839 050

22.01.2022 You have probably seen or read in the news recently that the Australian Prudential Regulation Authority (APRA) has issued guidelines resulting in changes to mortgage lending policy. You may be wondering exactly what the changes mean and particularly what they mean for you. Background Briefly, the Government Regulators including the Reserve Bank have expressed concerns about a potentially overheated property market, especially in Sydney and Melbourne. APRA is looking to ...take the heat out of the market by slowing the growth of mortgage investment lending. In its role as regulator of banks and other financial institutions, APRA has issued guidelines designed to do that, as well as ensuring the ongoing strength of Australian banks. Key changes APRA has asked banks to cap investment loan growth at 10% p.a. A number of lenders are already at, or even over, this limit, so they are under pressure to significantly reduce their investment lending. The four major banks and Macquarie Bank are also required to increase the capital they hold against mortgages, which tends to increase the cost of lending. Banks have already passed on some of these costs to customers via higher interest rates. What does this mean for you? If you have a home loan that includes principal repayments or you live in your home, you may not be affected. In fact some lenders may even decrease interest rates on that loan. If you have an investment, or an ‘interest only’ home loan, you may find that your lender increases the interest rate on that loan. If you are looking at buying an investment property, you are likely to find the lending market more restricted than in the past. This doesn’t mean you won’t be able to find a loan that suits you, just that it may take a little more time. That’s where I can help. Talk to me Of course, everyone’s situation is different, and the information above is simply an overview. I am always happy to discuss your situation, particularly if you have any queries or concerns. You can reach me via phone or email. Regards Kanchana Fernando M 0402839050 This is general information only. When considering whether or not to obtain a loan or review your loan, we recommend that you obtain advice on your circumstances from appropriate experts.

21.01.2022 How a recommended ban on SMSFs borrowing to buy property could lead to a spike in property sales. http://bit.ly/1yuOaRx

21.01.2022 Great article I thought !

20.01.2022 An offset account - a transaction account which is linked to your home loan and which has normal transaction account functionality. The benefit is that the money in your account is offset daily against your loan balance, and this will reduce the mortgage interest charged accordingly. A redraw facility - a feature which enables borrowers to withdraw money they have already contributed to pay off their loan. The balance of this facility consists of whatever extra payments the b...orrower has already made towards paying off their loan. In many ways both facilities are quite similar. The main difference is that the money sitting in an offset account remains at call and easily accessible, whereas the money in a redraw facility, while accessible, isn’t same-day at call. There may also be a fee associated with redrawing money from your loan.

20.01.2022 Going to be harder for the FHB

15.01.2022 Sixty per cent of 336 apartments in Chinese property giant's Country Garden complex in north Sydney snapped up on Saturday. http://bit.ly/1xFeF3U

14.01.2022 Schofields .....

12.01.2022 13 facts about foreign property investors. http://bit.ly/1p86AV5

11.01.2022 Best wishes for a Happy New Year and I very much hope these fires would come to a complete stop. Thoughts are with all who have been affected.

10.01.2022 What is a Credit File/ Credit report Your Credit file/report holds information relating to your credit history and it helps credit providers, such as banks, financial lenders, telco and utility companies, get a clear picture of your credit worthiness when you make an application for a loan or credit contract. If you’ve ever applied for a credit card, personal or home loan, store finance, mobile phone or an electricity or gas contract it is likely that you will have a credi...t report held with one of the Credit reporting agencies. A credit report includes information such as: personal contact information, such as your residential address your overdue debts the types of credit you have requested credit enquiries made by you in the last five years the number and type of lenders you have approached for credit For instance, you may approach several banks for a business loan, or approach a credit card company for a low-interest card. The lender may then contact the credit bureau to run a credit check. They will review your credit file in line with their individual policies and lending criteria. They may also use various scoring tools to help them assess your application for credit. See more

09.01.2022 Family Pledge Loans The Family Pledge option allows family members (eg. parents, grandparents or siblings) who have equity in their own property, to help an applicant to bridge the deposit gap and cover up front borrowing expenses, by providing a limited guarantee in support of the applicant’s loan application. This allows the applicant to maximise the amount they can borrow against their own security, ie : to purchase property, using this additional limited guarantee from a... family member. The benefit is predominately that the applicant can maximize the amount they can borrow, up to 100% of the purchase price plus costs such as stamp duty and legal fees and it can also help to reduce or avoid LMI. The family member often nominates a specific amount for the guarantee. It should be noted lenders place very stringent conditions on these loans and the guarantees may have to verify Income. See more

08.01.2022 As you may or may not know some significant changes have been made to Investment borrowing and some instances on Owner Occupy . Why not give me a call on 0402839050 to discuss what your options are !