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22.01.2022 RBA hold Interest rates The interest rate of 1.5% has been maintained by the Reserve Bank of Australia for a 13th month in a row. As can be seen on the graph, rates have not been this low for as long in many years. Consumers have never had it as well in relation to the lending rate. That being said, many of us set up our loan and just leave it. Don't think your bank is going to notify you of better products on the market, when was the last time you got a call from your bank to decrease their profits!! Give me a call on 0408148006 to review your current home loan.

22.01.2022 MELBOURNE CUP HAS COME & GONE FOR ANOTHER YEAR Now that the Melbourne Cup carnival is over and it's time to stop betting, why not take the opportunity to review your home lending. You could save yourself thousands of $$$, meaning you have a little more in the bank account for next years carnival!!

21.01.2022 What does a home loan freeze really mean for you? A great, easu to understand article of the hardship response by the major banks and what interest capitalisation actually means for the consumer https://amp.abc.net.au/article/12090642

20.01.2022 ARE YOU SUFFERING INTEREST RATE CREEP? Although we are in a climate of the lowest interest rates in history, with the reserve bank not putting up the official interest rate since August 2016, you may well have seen your own variable home loan rate go up independently of this. Banks do this for many reasons. ... - You may have done your initial loan at an "introductory rate" (a way to get you in and then hope that you never leave). - To increase their profit margin from lending. - The banks costs of lending (often funds are sourced from overseas markets and are subject to overseas conditions) have increased, meaning they pass this on to you. A bank will never offer you a lower rate than what you are currently on. Do yourself a favour, see if your bank is offering better rates to new customers than what you are on and ring them to see if they will lower your interest rate. Alternatively, give me a call (0408148006) and lets see who else in the market place is offering a better deal than what you are currently on. Don't suffer Interest Rate creep - the money is better in your pocket than theirs.

20.01.2022 TAX TIME - TIME TO REVIEW EVERYTHING!!! Tax time is a great time to not just go to your accountant and get your refund or what debt you may owe, but to also look at all of your financials. Why not take the opportunity to review your home and investment loans and see if you are getting the best deal available for you. Give me a call on 0408148006 to organise a time to chat and discuss what may be possible for you

18.01.2022 Thinking of an Investment property? With the market currently easing in both Sydney and Melbourne, but solid growth in Adelaide, Hobart and Brisbane, where to buy an investment property is always a topic of conversation. With the Labor Party talking about changing the rules on negative gearing, if you have been considering an investment purchase, some time before the next federal election could be a very smart play. Why not give me a call to see what your lending capacity is ...in relation to a possible investment purchase. Call Heath on 0408148006

18.01.2022 HAPPY CUSTOMERS....EVEN WHEN THINGS GET DIFFICULT Great to get the following feedback from a client just recently. Heath was very friendy and easy to deal with. However Heath really showed his worth when faced with a short settlement date coupled with additional issues outside of his control. He did everything within his power to ensure settlement took place on time and it did. I definitely recommend Heath Pritchard to any prospective client. Shane... Why not give us the opportunity to help with your next purchase or refinance. Call me on 0408148006

18.01.2022 DO YOU BANK WITH THE BIG 4? Whilst the Reserve Bank has dropped interest rates to a new record low, the Big 4 have only passed on a part of this cut. With their home loan interest rates already higher than many second tier lenders (all of whom give you exactly the same product as the Big 4 banks), despite the cuts they are still not the lowest products on the market... Why not give me a call on 0408148006 to discuss your home loan.

18.01.2022 More great customer reviews. Let us help you with your home lending needs. It costs nothing to use a mortgage broker, we have no preferred lenders and our sole objective is to get you the best deal for your personal requirements. Give us a call on 0408148006 to make an appointment 1. Overall, how satisfied were you with my services? Excellent... 2. On a scale of 1 to 5 (1 being very poor, 5 being exceptional), how would you rank your overall experience with me? 5 3. What elements of the service I provided most impressed you? Your dedication to your job is amazing. Nothing was too much trouble. 4. Are there any improvements to my service I could make? None that I can think of Understanding of your needs: Excellent Knowledge and explanation of products: Excellent Courtesy and friendliness: Excellent Communication (i.e. keeping you up to date): Excellent Quality of service: Excellent 6. Did I keep you informed during the application and approval process? Yes 7. Would you be interested in knowing more about any of the other services I provide? Yes 8. Would you recommend my services to others? Yes 9. How did you hear about me? Word of mouth (Personal) I'd love for you to include a customer testimonial on my service to you or any other feedback. Great testimonials help promote my service and may be published on my website using your first name only. Heath is a very dedicated professional who will go the extra mile to secure the best loan for you.

17.01.2022 Are You Better off with a P&I Investment Loan? Lenders have been increasing the rate on investment interest only loans since APRA enforced them to reduce the amount of interest only lending on their books. What they have also done is significantly reduce Principal and Interest rates for investment lending. Many financial experts are saying that investors should get their calculators out and see if it would save them money by switching to a principal and interest loan for their investment property, as the savings may be greater than the higher tax benefits of an interest only loan. Give me a call on 0408148006 to discuss or contact your accountant to see if you may be better off changing your investment loan to P & I.

12.01.2022 WHAT IS SERVICEABILITY AND WHY IS IT IMPORTANT? Have had a some of customers of late with good deposits wondering why they can't get a loan the size that they are wanting. The biggest reason is serviceability. In simple terms, 'serviceability' refers to the ability of someone to make repayments on a loan, according to the size of the loan and the person's income and expenses. The factors that define serviceability vary between financial institutions.... Since the Royal Commission, lenders are taking a much closer look at what you are spending in your everyday life, as well as the size of your car loans, credit card limits and personal loans. If you want to see how much you can borrow or for a no obligation, free home loan health check, give me a call on 0408148006

11.01.2022 WHAT DOES THE FEDERAL ELECTION RESULT MEAN TO THE HOUSING MARKET? In basic terms, there are three main things in relation to housing that have come out of Saturdays election result. For Investors:... 1. Negative Gearing rules do not change 2. Capital Gains Tax implications remain the same This should see more certainty in the market and a renewed push in investment of rental property purchases For First Home Buyers: 3. You may be eligible for relief from Lenders Mortgage Insurance and be able to purchase a property with a 5% deposit. There are a few variables at play here and it is not yet passed through parliament so there is some water to go under the bridge on this one. The concept got support from both sides of politics before the election so can't see why this won't be available. As always, for any lending enquiries please do not hesitate to call me on 0408148006

10.01.2022 FEDERAL ELECTION CALLED - WHAT DOES IT MEAN? With Scott Morrison calling a federal election for May, what does this mean to you if you are planning to purchase an investment property? If Bill Shorten and Labor win the election, they are planning to introduce changes to a persons ability to negatively gear an investment property that is already established as of January 1, 2020.... If you are looking at an investment property and you don't want to build, now is a great time to start looking at your lending capacity and the equity you may already have in your property portfolio that can be used to loan funds. Give me a call on 0408148006 to discuss

10.01.2022 Interest Only Loans Is your Interest Only loan about to run out and are you about to be put on to a higher variable P & I rate? As the graph shows, the amount of Interest Only loans that are to run out between now and 2022 is significant. If you are about to finish your interest only period then now is the best time to see what options you have for your lending. Give me a call on 0408148006 to discuss.

08.01.2022 What's news in lending? Has been a busy couple of weeks as we have managed to refinance a number of peoples loans to much better rates with other lenders or got people a reduced loan rate with their current lender, either way it's a win for our customers!!! Why not get in touch and see if we can help you

07.01.2022 Interest Only Lending The banks are really putting the pressure on interest only lending. This is due to APRA putting pressure on banks to limit the flow of new interest-only lending to 30% of new residential mortgage lending and 10% of investment lending. The response has been that banks have put up their rates up across the board on interest only lending by between 0.3 and 0.5%. If you want to discuss this or any other lending requirements, please feel free to call on 0408148006

05.01.2022 Proud to sponsor a sporting and academic excellence scholarship award The Lakes P - 9 School, South Morang. Well done to Reech Dut, have a great year at school next year mate.

05.01.2022 Why use a broker? Broker market share is on the rise with well over 50% of all lending now done via the broker channel. So what are some of the main reasons to use a broker: 1. Over 50 different lenders to choose from - not the one lender if you walk into a bank... 2. No bias towards any lender - we want to get you the best loan for you and your situation 3. Expert advice and professional service when dealing with a lender - we are in your corner 4. Support through the whole process - and follow up service after settlement that banks don't provide 5. Our service is free to you Why not call me today on 0408148006 to see if you have the right home loan

03.01.2022 LIVING EXPENSES - WHAT HAVE THE BANKS DONE? During and after the completion of the Royal Commission in banking, one of the biggest changes lenders have made is to take a much closer look at a persons living expenses. Previously banks used a standardised measure called the HEM to decide what a persons living expenses were. This was dependent on such things as where a person lived, marital status and how many children a person has. Banks are now asking for 3 - 6 months of every...day savings account history and credit card history to analyse living expenses more closely. This has seen a tightening in the amount that a person can borrow due to having less disposable income to pay for the home loan if it is found monthly expenditure is more than what the HEM previously indicated. Whilst we all know that when we buy a house, we tighten our belts to afford what we have purchased, the banks are no longer seeing it this way. Historical expenditure is now being used. To discuss this or any other lending scenarios, please do not hesitate to contact us on 0408148006.

03.01.2022 2 YEAR FIXED RATES - CRAZY POST ELECTION OFFERS Owner Occ - P&I 3.39% - 2 Year Fixed - up to 80% LVR (4.05% Comparison rate^)... 3.51% - 2 Year Fixed - 80 - 90% LVR (4.29% Comparison rate^) Investor - P&I 3.81% - 2 Year Fixed - up to 80% LVR (4.46% Comparison rate^) 3.93% - 2 Year Fixed - 80 - 90% LVR (4.70% Comparison rate^) $0 Annual Fee** $0 annual fee offer for the life of your loan. Offer ends 26 July 2019. Terms and conditions apply.

01.01.2022 SHARP NEW RATES ON OFFER AFG Alpha (Adelaide Bank) have just released some great new rates for both Owner Occupied and Investors who are looking for some stability in their repayments by fixing their loan. These fixed rate loans come with a full offset account. OO P&I 1,2 & 3 year fixed - reducing to 3.69% with 100% OFFSET... INV P&I 1,2 & 3 year fixed reducing to 3.99% with 100% OFFSET INV IO 2 & 3 year fixed reducing to 3.99% with 100% OFFSET See more