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Innovate Financial Services Pty Ltd

Phone: +61 412 207 163

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25.01.2022 3.88% PA - 2 year Fixed Investment loan by one of the big 4

23.01.2022 Federal Budget - 2017 proposal highlights Breaks for first homes buyers To make the task of saving for their first home easier, eligible buyers will be able to divert their pre-tax income towards a special savings account. This will mean that saving a deposit will become a little bit easier....Continue reading

23.01.2022 At its March meeting, the Reserve Bank of Australia elected to keep the official cash rate on hold at 1.5 per cent. What this means for you? Borrowers should continue to expect rate adjustments from lenders outside of RBA movements due to their own increasing costs of borrowing. Property investors are facing tougher criteria from some lenders - particularly on Interest Only loan products and refinances due to controls on property investment lending imposed by APRA last ...year. While our stormy summer didnt hamper an early start to the property season in our eastern states where auction numbers reached record levels in February, market conditions varied considerably in other areas, creating a two-speed property market. For more information on how these developments may affect your home loan or property purchasing plans, please give us a call. We have access to hundreds of loan products from Australias leading lenders and are ready to help you choose the right one for your needs and goals. See more

23.01.2022 3.53% pa Owner Occupied and 3.73% pa Investment comparison rates available for limited time* We compare the rates from over 30 lenders to find the best rate for you. If you are in the market to buy your home, or an investment property, talk to us today!

22.01.2022 RBA interest rates in May: change before the budget announcement? The RBA official cash rate has held steady at 1.50% since August, and its likely to stay there for another month in the lead up to the May Budget announcement. With three big banks due to announce profits within the next week or so, and more importantly, with Treasurer Scott Morrison set to announce his 2017 budget on May 9, its unlikely the Reserve Bank will want to shake things up with a rate change.

22.01.2022 Westpac has today announced it will be increasing rates on its interest-only fixed rate loans by up to 30 basis points. For one, two and three-year fixed rate loans, rates for owner-occupier interest-only loans will increase by 30 basis points to 4.56 per cent. Investors fixed rates on interest-only loans will rise by 10 basis points across one, two, three and five-year loan terms to 4.46, 4.56, 4.56 and 4.86 per cent respectively.... https://www.theadviser.com.au//35988-major-bank-hikes-io-f

22.01.2022 Thinking of switching home loan? Then I can give you $1,500 reasons to switch owner occupied loan. Get in touch today to find out how. The standard clause of terms and conditions apply :-)

21.01.2022 Credit Union Australia has announced it will temporarily pause accepting applications for investor lending until further notice. As of yesterday (5 April), CUA said it will stop accepting investor lending applications until further notice, including applicants refinancing from other financial institutions. The changes apply to all applications for new investor loans, and also impacts applicants who have lodged investor applications that do not yet have pre-approval, conditional approval or full approval.

20.01.2022 A big four bank has increased its fixed home loan rates for new residential investor borrowers. New loan accounts for NABs fixed investor mortgages have now changed so that 1 year Package Fixed Rate for residential investment home loans (principal and interest repayments) has increased to 4.29 per cent per annum (p.a); 1 year Package Fixed Rate for interest-only residential investment home loans has changed to 4.39 per cent p.a; and fixed rates for all other interest-only owner-occupier and residential investment home loans have increased by 0.10 per cent p.a. https://www.theadviser.com.au//35960-major-bank-increases-

17.01.2022 CBA raises interest rates on investor and interest-only loans Australias biggest bank has hiked fixed interest rates on investor and interest-only home loans. Fixed rates on interest-only loans will rise by 25 basis points, while investor home loans that are principal and interest will rise by 25 basis points. Investor loans that are interest only will rise by between 25 and 50 basis points. The changes are effective immediately.... http://www.theage.com.au//cba-raises-interest-rates-on-inv

14.01.2022 Could you be saving money on your mortgage?

14.01.2022 Prices will rise for Victorian first-home buyers following stamp duty cut When first-home buyers head to auctions across Melbourne this weekend, they will have up to $15,000 extra to bid with pushing prices potentially tens of thousands further out of reach for their peers. That is the counter-intuitive effect experts say will result from the state governments leg up to first-home buyers from Saturday.... By adding the stamp duty amount back into savings, first-home buyers have a larger deposit and can borrow more, reduce their loan-to-value ratio and potentially even cut out mortgage insurance. With a 20 per cent deposit, an extra $10,000 theoretically allows them to borrow a further $40,000. https://www.domain.com.au//prices-will-rise-for-victorian/

13.01.2022 https://www.facebook.com/navin.chugh/posts/1319808614721686

12.01.2022 A non-major lender and a mortgage manager have announced changes to maximum LVR ratios. As of 18 July, principal and interest (P&I) loans with Adelaide Bank will revert to a maximum LVR of 90 per cent, including the lenders mortgage insurance (LMI) premium. The LVR on interest-only (IO) loans will remain at a maximum 70 per cent LVR. Better Mortgage Management also announced a series of changes. New IO loans with their Premium Suite policy will be limited to an LVR of 80 per ...cent, while clients with Credit Suite policies for IO loans will need to satisfy a maximum LVR of 80 per cent, including applicable LMI. https://www.theadviser.com.au//36489-lenders-announce-lvr-

06.01.2022 Lender stops offering owner-occupied IO fixed rates A non-major lender has announced that new applications for interest-only repayments on owner-occupied fixed rate loans will no longer be accepted, effective immediately. ING DIRECT has announced that, as of yesterday (6 June), owner-occupiers wishing to access fixed rate loans will need to request principal and interest repayments.... At Innovate Financial we still have access to lenders who can do IO loans for owner-occupied properties, get in touch with us today using the Call Now button.

04.01.2022 Changes to Fixed Home Loan rates by one of the big 4

Innovate Financial Services Pty Ltd | Businesses