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Independent Wealth

Phone: +61 413 851 827

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25.01.2022 Offer of the week! NAB takes the refinance offer of the week with a fixed interest rate of 2.19% p.a for 2 years (lowest ever advertised) and $2,000.00 cash back. It does not get better than that ladies and gentlemen. ... To take up this offer or discuss what your best options are in todays market, speak with our professional MFAA accredited Finance Broker today. #brokerbehindyou #offeroftheweek #refinanceyourhome

24.01.2022 Refinance offer of the month! Receive $3000 cash back for refinancing your mortgage to an interest rate of 2.24% p.a. to one of Australia's biggest banks! Speak with our accredited MFAA Finance Broker today to find out more. ... Call 0413 851 827 or email [email protected] #brokerbehindyou #refinance #offerofthemonth

24.01.2022 Did you know that if you are currently receiving JobKeeper payments, you are still eligible for a home loan? Many Australian's have been unable to work due to the coronavirus pandemic and as a result of not receiving their regular income through normal trade, the big four banks have refused to accept JobKeeper income as suitable when applying for a home loan. However, at Independent Wealth, through our accreditation with over 40 Australian lenders, we are offering those on ...JobKeeper payments the opportunity to still secure a home loan at 2.19% p.a fixed interest rate for 2 years. Speak with our accredited MFAA Finance Broker today to discuss your eligibility for a home loan. #brokerbehindyou

23.01.2022 Meet our Director Chalo Nsenduluka. "Everything we do as a business, is for the better benefit of our clients, supporters and community. Our goal is simple, provide the financial literacy education and guidance that our education system fails to give Australian's".

23.01.2022 Here are the final property market results as of the 31st of December 2020. All statistics indict a strong start to 2021. Australian homes finished the year 3.0% higher with regional housing values rising by 6.9%.

22.01.2022 Just settled! Congratulations to my clients on successfully securing their first home with one of the most competitive fixed rate offers of 2.29%. We wish you many more blessings upon your next life chapter. ... Speak with our professional Finance Broker today to discuss how you can enter the property market. #settled

21.01.2022 Journalists, they can be quite deceiving and manipulative just to get your attention and sell you their article. At times it's almost criminal. I'm not sure wh...at qualifications or experince consumer affairs reporter for The Age Hanna Mills Turbet has in Finance or who her sources are, but she has been misled and unfortunately is now passing this misinformation to the public. When it comes to Finance, simply seek your advice from MFAA accredited professionals such as myself Independent Wealth. Let me break down the facts of using your superannuation to enter the property market. Under the Australian Government 'Early Superannuation Release Scheme' you are entitled to withdraw up to $10,000.00 each financial year if you have been financially impacted by COVID-19 restrictions. Currently, there is no strict screening in place to confirm your eligibility for the scheme which has caused uproar amongst the Federal Government Opposition Party and rightly so, as fears grow that young Australians will access these funds as a way to pay current expenses or even unnecessary purchases, potentially costing them thousands in interest revenue in the future. However, let me explain to you how many intelligent young Australians are using this scheme to enter the property market for the first time and actually build long term wealth that will help them build towards retirement quicker and financially stronger. Under the First Home Loan Deposit Scheme, you only require a maximum 5% deposit to secure a home loan up to a maximum $570,000.00. This means, you only require to have a $30,000.00 deposit and you will be able to build or purchase a property for $600,000.00. Currently, lenders require you to have a 5% genuine savings for it to be consider a deposit, this means you need to show that the deposit has been saved in your bank account for a minimum of 3 months. As long as the savings can be deemed genuine and you can prove you still have a consistent income which services the loan repayments you are requesting, then you 'qualify' for the loan requested. Ofcourse, other terms and conditions apply such as being an Australian citizen, however my point here is that Banks and lenders are not the Federal Police and act to regulate and monitor the Superannuation Scheme the Federal Government has put in place. Our job is to ensure you simply meet the policy criteria checks of lenders and if you do, then you do and are entitled to your finance request. Ofcourse, if you have withdrawn your superannuation earlier because you have been financially impacted and we can see that your income and financial position has changed for the worse, then we have a due diligence to inform you that now is not the time to seek more debt. However, if we can see that you have accessed your superannuation earlier, and you have not financially been impacted by COVID, then it is not our portfolio to deny you from proceeding with an application. I will inform you though there may be a potential high risk of being audited in future by the ATO and penalties may apply if you have been found to have breached the eligibility criteria of the Scheme, you may be required to pay a fine of more than $12,000.00. In saying that, with our economy currently in a recession, interest rates set to remain at a record low level around 2% for the next 2-3 years and house prices continuing to fall, you need to ask yourself, do the benefits outweigh the risks? With an expected drop of 10% on property prices forecasted by October, we are seeing a lot of properties up for sale under that $600,000.00 price mark, that normally would be valued at $670,000.00 or more. So you could possibly purchase a property at a bargain price and once the economy recovers and house prices begin to rise again over the next 3-4 years, you would have paid down your mortgage debt and gained equity in your home through its increase in value, thus that $10k or $20k you took out to secure your home, has now been returned with high interest! Ms Turbet mentions in the article that CBA would 'generally' decline applicants who have accessed their superannuation early through the available scheme. Well let it be known that NAB are marketing the most competitive offer under the Scheme at the moment with a fixed interest rate of 2.19% p.a compared to Commonwealth Banks offer of 2.44% p.a. So I ask, why would you go to Commonwealth in the first place? Nab have not instructed brokers to conduct extensive checks of superannuation withdrawals. Let me summarise with a commonsense solution that our Federal Government and Housing Minister Michael Sukkar MP - Member for Deakin should be focusing on right now. Rather than playing politics, there should be an opportunity for First Home Buyers to access their superannuation without penalty to use as a deposit to secure their first property. This without doubt, would help Australian's build wealth through property and investments which will place them in a position to retire with multiple assets and relieve the burden currently placed on our social security system to pay pensions for retirees. Our current retirement system is outdated and is not equipped to serve younger Australians in future retirement. More focus needs to be placed on helping Australian's enter the market early and educating them how they can build a retirement fund through investment properties. Unfortunately, our current policy makers who make these decisions are already well and truly comfortable with multiple properties, investments and do not represent the large majority of Australian's who will struggle in retirement.

21.01.2022 With summer just around the corner, Latitude has made some exciting changes to recreational vehicle pricing! Set interest rates are now being offered from 6.49% p.a for all recreational vehicles eligible. Contact us today to discuss your financial scenario. #brokerbehindyou

20.01.2022 After five months of consistent declines in residential property values, CoreLogic's National Home Value Index has recorded a positive monthly growth for October posting a 0.4% rise. The rise in home values was broad based across the country with every capital city apart from Melbourne recording a rise in value. If you would like to know the value of a specific property or wish to discuss the property market, book an appointment today. #propertyprices #brokerbehindyou

19.01.2022 Thank you to our friends at CPA Australia Chinese discussion group and Asian Practising Accountants (Mount Waverly) discussion group for inviting our Director Chalo Nsenduluka with the opportunity to deliver a presentation on how to survive financially in a recession tonight. It was great to see over 40 people attend the presentation. For anyone seeking professional financial guidance please speak with our MFAA Finance Broker to know your best options. #brokerbehindyou #zoom

19.01.2022 Bank of Melbourne are currently offering $2000 cash back for home loan refinances. They are offering fixed interest rates as low as 2.29% p.a for 3 years. Variable interest rates are 3.96% p.a. ... Terms and condition of the cash back offers are below

18.01.2022 Some great tips for first home buyers. If you want to confirm your borrowing capacity speak with our MFAA accredited Finance Broker today. #brokerbehindyou

18.01.2022 Just settled! Congratulations to one of our young clients who have successfully purchased their first property. We take great pride in helping young Australians secure their future through real estate assets and today we couldn't be more proud as they have secured one of the most competitive fixed interest rate offers in the market at 2.19% p.a. ... Contact us today to discuss how our MFAA accredited Finance Broker can help guide you to similar success. #brokerbehindyou #settled

17.01.2022 Bank of Melbourne are now going above and beyond to ensure Australian home owners have a competitive option to see see them through this COVID recession. Refinance your existing home loan to Bank of Melbourne for a low fixed interest rate offer of 2.29% p.a for 1-3 years (your choice) and you can also receive up to $4000 as part of their existing 'Refinance Cashback' offer. As always, speak with our MFAA accredited Finance Broker today to discuss your eligibility and know your best options in a COVID market. #brokerbehindyou #refinanceyourhome #cashback

13.01.2022 A Special thank you to ACYPI and ANZ Australia CEO Shane Elliot for inviting our Director to attend this evenings CEO Series and discuss diversity and inclusion in the workplace. Across Australia, leading organisations are making diversity and inclusion a priority. The reason is clear. Embracing diversity makes good business sense.... Diverse backgrounds bring diverse talent. Talent does not discriminate on gender, age, language, cultural background, sexual orientation, or working style. Individuals who think differently from one another builds the organisation's capacity to foster innovation, creativity, and problem solving ability. All which are the cornerstone of good management. Research has shown that diversity is advantageous to company performance. A recent BCG study found that companies with more diverse management teams have 19% higher revenues due to innovation. Diversity enhances competitiveness, and organisations who invest in diversity of their people outperform those that do not.

13.01.2022 Governor Dr Philip Lowe of the Reserve Bank of Australia has strongly indicated that current record low interest rates will be locked in for "at least" another three years. With a potential rate cut looming ahead on the 3rd of November, this means that interest rates of 2.19% or lower may be available for existing home owners or first home buyers to secure. As we continue our economic recovery, it is a perfect time to check on your existing home loan product and see if there is a more competitive deal available, or if you are an aspiring first home buyer to secure a low interest rate loan when entering the property market. #RBA #brokerbehindyou

13.01.2022 Hi everyone, you may have received an invitation from me last night to like Independent Wealth! As our newly appointed relationship manager, please feel free to contact me to discuss any financial requests, scenarios or consultations. Our services offer all financial assistance such as the following;... - Home Loans - Personal Loans - Business Loans - Investment Property Loans - Debt Consolidation Loans - Car Loans/Asset Finance and much more. You can contact me directly at [email protected] or refer to www.independentwealth.net I look forward to assisting all clients along their financial journey and ensuring Australians have a "fair opportunity" in the finance market.

11.01.2022 Not only do we want to see you achieve your financial dreams, we also want to protect it. We are proudly authorized by Australian Life Insurance Distribution Pty Ltd to provide general financial product advice to implement a my protection plan that protects you against the hurdles life can unexpectedly present. Check out our latest video below. ... Talk to our team today about how you can best protect your financial dreams and assets. #protectwhatisyours

11.01.2022 2020 has served up a reality check that life isn't perfect and neither are people. Sometimes, things just don't go according to plan. In the world of the self-employed, this might seem to occur more often than not. It takes time to reap the benefits of being self employed, as they say "Rome wasn't built in one day". As you wait on results, you may not be eligible to seek finance from the big four banks or some second tier lenders due to strict lending criteria's not being me...t, especially in a COVID market. However, at Independent Wealth, we will always ensure we provide options to accomodate all. If you are self employed and struggling to provide full financials, you can submit a 'alt doc' application which does not require the strict documentation mainstream lenders seek. We have access to lenders who are will to accept the following as part of their application process, Rates from 4.34% with our Capital Uber Alt Doc loan User friendly accountant letter (can also provide last 2 quarters BAS or 6 months business bank statements instead) Business purpose cash out and payout tax debt OK (no rate loading for tax debt) Investment loans with no additional rate loading Alt Doc vacant land available up to 70% LVR (rates from 7.19%). No minimum GST registration period required 1 year ABN OK with rates from 4.80% $2020 cash back for refinancing from another lender. Our lenders will also consider clients who have experienced prior financial hardship, defaults and even bankruptcy. Despite the interest rate being higher than competitors, if you are not in the position to secure a more competitive interest rate offer, you can secure this offer and look to refinance once you are in a position to be move banks. This is a great opportunity for Australians who are self employed and struggling to either refinance or enter the property market. Speak with our MFAA accredited finance broker today and find out what your options are in a COVID finance market. #brokerbehindyou

11.01.2022 Victoria, we are all in this together. Here is some positive news after what has been a tough week for so many. If you are building your first home or renovating an existing property, you may be eligible for the Australian Government Home Builder Scheme valued at $25k. ... In Victoria, commencement of construction or renovation of the property has now been extended from 3 to 6 months, from entering the finance contract in light of stage four restrictions - a key eligibility criteria of the scheme. Speak with our professional MFAA accredited Finance Broker today confirm your eligibility and to find out what your most competitive finance offers are. #homebuilder #brokerbehindyou

11.01.2022 Are you needing a personal loan to buy a car, pay off debt or for something else? Here are some key lending policy points we are taking into consideration for applicants, Paid or unpaid defaults on a clients credit file under $1000 in the past 3 years will be accepted. ... Jobkeeper income is accepted provided the applicant works 20+ hours per week. we offer secured car loans from dealerships, private sellers and also you can refinance an existing car loan provided you have had the loan for a minimum of 6 months. Loan terms can also be extended. If you would like to know more speak with our accredited MFAA Finance Broker today! #brokerbehindyou

10.01.2022 Are you looking at purchasing an investment property? Learn how you can use a Deposit Bond to secure your desired investment. #brokerbehindyou #depositbond #investmentproperty

09.01.2022 Public Service Announcement. Our Director Chalo Nsenduluka, discusses the four Australian Government Schemes currently available to utilise if you are looking at entering or investing in the Australian Property Market. #brokerbehindyou MFAA

07.01.2022 During the coming months, many Australians will be looking at selling property and purchasing at the same time. It is not always easy to have a deposit ready for your next property purchase whilst your selling your existing property. Most Australians need to wait for the proceeds of the sale to be able to use this surplus for their deposit. Not anymore! ... A Deposit Bond is the right financial instrument to use in this scenario to help you secure your property of interest and get into your new home sooner and easier!

07.01.2022 Suncorp have extended their Home Lending Cash Bonus and Frontline Extra Bonus offer till the 18th of December 2020. How much will I receive if I refinance to Suncorp? $2,000.00 for loan amounts between $250,000.00 and $749,999.99. $3,000.00 for loan amounts of $750,000.00 and above. ... what is the interest rate on offer? 2.59% fixed for either 1 or 2 years (optional) 2.68% variable rate. Eligibility for both offers Regulated Retail Home Lending Minimum home loan amount $250,000.00 and purpose must be to refinance from another financial institution. Application to be fully received by the 18th of December 2020 and loan must settle by the 26th of March 2021. When will I get the cash? Within 60 days of settlement. If you would like to confirm your eligibility for this offer or discuss a financial scenario, contact us today! #refinanceyourhome #cashback #brokerbehindyou

07.01.2022 Congratulations to AMP Australia who have announced they will be reducing their owner occupied fixed interest rates to 2.19% p.a for 2 years. It’s important now more than ever lenders provide Australians with low interest rates to help manage the financial stress the current recession has placed upon so many existing and aspiring home owners. This places AMP amongst lenders providing the most competitive fixed rate offers currently available in Australia. ... They have also announced reductions to their investment Loan variable interest rates. #refinance

06.01.2022 As a Company, these are the moments we work tirelessly for. Not only do we take pride in making our client's dreams come true in purchasing their desired brand new car, but we also made sure we secured the lowest possible asset finance interest rate available for them. Oh and to add icing on the cake, they were able to write this asset off under the Australian Taxation Office current $150,000 Asset finance threshold for this Financial Year.... If you are interested in seeing your financial dreams come to fruition, contact us today - it's simply what we do best! Congratulations to these two amazing clients! #assetfinance #brokerbehindyou

05.01.2022 When it comes to variable interest rates, it doesn’t get much better than this. Firstmac are now offering 2.19% p.a for 2 years for refinances! After 2 years, the rate will default to 2.59% p.a. Speak to our MFAA accredited Finance Broker to get a free quote on what your repayments would be if you take up this competitive offer. #refinance

05.01.2022 Looking for a new car in 2021? Not only do we finance cars, we also can provide you with the car you are after. Speak with our MFAA Accredited Finance Broker today to receive a car loan quote and a car purchase quote. ... Our professional accreditation means we can secure luxury and second hand cars for a lower price compared to dealerships. Call 0413 851 827 or email [email protected] #brokerbehindyou #carloan

05.01.2022 NAB are delivering one of the most competitive offers in the market at the moment with a 2.19% p.a fixed interest rate for 2 years. Now, they are going above and beyond by also offering $2000 to refinance your existing home loan. Check out the terms and conditions below and contact us today if you wish to secure a lower interest rate and $2000 cash. #brokerbehindyou #refinance

04.01.2022 Our new fixed and variable interest rates will have you and your pets smiling Fixed interest rates starting as low as 1.94% p.a Variable interest rates starting as low as 2.19% p.a ... Speak with our finance broker today to discuss your scenario! 0413 851 827 or email [email protected]. #brokerbehindyou

04.01.2022 This is what it's about. Giving young Australian families a fair opportunity to become first home owners. Our clients have just signed one of the most competitive offers available in the finance market today and could not be happier and excited for their next chapter to begin. ... We couldn't be more proud of them. Contact us today for a free consultation from our MFAA accredited professional Finance Broker. #brokerbehindyou

03.01.2022 Effective immediately, Westpac are offering $2,000 as part of their 'Refinance Cashback' offer for Flexi First Option Home Loans and loans with the Premier Advantage Package. Applications can be received up to Sunday 31st of January 2021 and settled by Wednesday 31st of March 2021.... Westpac are also offering a bonus $1,000 'Refinance Cashback' offer for loans with a maximum Loan to Value Ration of 80%. The bonus $1,000 Cashback for loans with a maximum Loan to Value Ratio of 80% will be paid on the first application only to eligible customers on top of the current $2,000 'Refinance Cashback' offer. Speak with our MFAA accredited Finance Broker today to confirm your eligibility or to discuss any financial scenario you may have. #brokerbehindyou #refinanceyourhome #cashback

01.01.2022 An additional 10,000 places for the First Home Loan Deposit Scheme (FHLDS) has been added to the 20-21 financial year as announced by the Federal Government during the Federal Budget. Property price thresholds have also increased with $950,000.00 in Sydney and $850,000.00 in Melbourne. Have a look at our offers for a place in the FHLDS below. #FHLDS

01.01.2022 My open letter to Assistant Treasurer and Minister for Housing Michael Sukkar MP - Member for Deakin. As a Finance Broker, part of my role is to identify ways we can improve financial processes and provide feedback to the appropriate channels to ensure we are always striving to have the best possible practices in place, which benefits all. Marrying a foreigner should not deny couples the opportunity of a fair go at entering the Australian property market and securing the A...ussie Dream of home ownership. I await the Ministers response with anticipation. #brokerbehindyou