Integrity-Innovative Loan Solutions in Hobart, Tasmania | Mortgage brokers

Integrity-Innovative Loan Solutions

Locality: Hobart, Tasmania

Phone: +61 1800 300 900

Address: GPO Box 1809 7001 Hobart, TAS, Australia

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

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25.01.2022 Avoiding settlement penalties - Case Study Jarrod Harrison was well on his way to becoming a first-home owner when issues cropped up prior to settlement that threatened to cost him his deposit. Having found the house he wanted to buy and exchanged contracts for sale, Jarrod found himself considering a costly settlement extension due to unexpected problems with his deposit. While he had thought that having a deposit sitting in his account would make the process simple, Jarro...d had not realised that he needed to have the funds in his account for a minimum of three months before a lender would consider them genuine savings. His deposit, a gift from his parents, was due to reach the three-month milestone only nine days before settlement. Certain that he would need to apply for an extension, Jarrod spoke to a Integrity-Innovative Loan Solutions mortgage broker to see how he should go about it. He had wanted to request a two-week extension on settlement, but I told him not to get the extension, Jarrod’s broker says, it would have involved substantial penalty interest. Rather than having Jarrod foot a $400 per day bill for an extension, the broker jumped into organising a loan, using the strong relationships and knowledge gained over decades in the industry to hurry the processes along. What I did was look at the different panels and the different policies, I called the BDMs and sent detailed scenarios to three lenders so that there were a few options in case one didn’t work out, the broker explains. I managed to get a loan conditionally approved on the same day, subject to a valuation. The valuation came back the next day and it was formally approved, the broker adds. Not only did Jarrod’s broker find a suitable loan, he also used his expertise to ensure that it was approved on time, before settlement, without requiring an extension. See more

25.01.2022 The federal government has announced a new $700 million housing stimulus package aimed at rekindling property market activity. A $25,000 grant will be available to owner-occupiers renovating or building a new home after 4 June, with the Morrison Government unveiling its new $688 million HomeBuilder package. The stimulus is designed to breathe life into the residential property market, which is facing a prolonged downturn off the back of the COVID-19 crisis.... The government estimate that approximately 27,000 grants would be handed out as part of the package across $10 billion in building projects, and would support 368,000 small builders and tradies. The stimulus has been welcomed by the property industry, which has been calling for fiscal support.

24.01.2022 A granny flat could boost property values by 30% A recent joint analysis from Core Logic and Archistar identified 583,440 homes in the Eastern States alone that have enough land to build a granny flat. With an initial outlay of $120k to $200k these property owners could increase the value of their property by 30% and add 27% to their rental income. For investors this is useful because granny flats appeal to a wide range of renters on a budget who still want to live close to major cities. For owner occupiers living in a multi-generational household, granny flats enable family members to all have a bit more space yet still keeps everyone close by.

21.01.2022 MERRY CHRISTMAS AND HAVE A FANTASTIC NEW YEAR

21.01.2022 Beware of Cybercriminals who are willing to exploit any issue to gain access to data and money for themselves....read on

19.01.2022 Almost tax time..check this information out.

18.01.2022 Learn how to find the perfect name to get started with your business One of the most valuable assets any business has is its brand identity. It doesn’t matter which industry segment you work in, without having a solid brand identity, you can't be successful as a business. There are a number of different aspects that help a company with developing a solid brand identity. Getting the right logo, having the right color schemes and developing the right brand voice are all very im...Continue reading

17.01.2022 Household financial comfort fell markedly across regional Australia during the six months to December 2019, according to ME Bank’s latest Household Financial Comfort Report. While ME Bank’s latest biannual survey showed the financial comfort of metropolitan households increased 3% to 5.76 out of 10 to near record highs especially in eastern Australia financial comfort for regional households fell 4% to 5.08, continuing a decline over the past year to approach its lowest p...Continue reading

16.01.2022 Not happy with your home loan rate but the cost of refinancing is stopping you, well until now. If your loan is over $250,000 you could qualify for $4000 CASH BACK, check it out at https://www.integrityloans.com.au/special-offers

16.01.2022 Whats happening with property listings amidst Covid-19 crisis.

14.01.2022 Australia's lenders will enable small business customers to defer their loan repayments for six moths in response to the economic fallout from the corona-virus outbreak. Following consultation with regulators, the Australian Banking Association (ABA) has announced a relief package for small business customers, which includes the suspension of loan repayments for six months. The relief package will apply to more than $100 billion of existing small business loans, which accor...ding to the ABA, could provide up to $8 billion of relief to the sector. This is a multi billion dollar lifeline for small businesses when they need it most, to help keep the doors open and keep people in jobs, ABA CEO Anna Bligh said. Banks are putting in place a fast track approval process to ensure customers receive support as soon as possible. Australia’s banks have supported the country through difficult times in the past and continue to do so." Ms Bligh said the package would compliment the federal government and the Reserve Bank of Australia's (RBA) stimulus packages for small businesses.

14.01.2022 Bushfire charity scammers are trying to cash in on generosity, ACCC warns Consumer and competition watchdog, the ACCC, has issued a warning to small businesses making donations to bushfire relief charities, saying it has identified scams taking advantage of well-meaning Australians. The regulator sent an email to small businesses on its mailing list on Thursday afternoon warning of the scams and advising business owners to be careful when making donations. Scammers are targe...ting people by pretending to represent legitimate or well-known charities or fundraising organisations, or by setting up their own fake fundraising pages on social media and fundraising platforms, the ACCC said. It follows a warning issued by the watchdog earlier this week, alerting Australians to a range of scams that have popped up in the wake of the unprecedented natural disasters becoming an international news story. Charitable efforts have sprung up across the country in response to the bushfire crisis in recent weeks, and small business owners are often finding themselves at the centre of fundraising efforts. But in among the genuine initiatives, the ACCC’s Scamwatch says fraudsters are targeting everything from animal appeals to financial support for affected families. Following every disaster, it is natural to want to help and donate as quickly as possible, Scamwatch said in a statement circulated yesterday. However, scammers also follow disasters in order to take advantage of the generosity of Australians. These scammers will most often pretend to be associated with well-known charities, large businesses or government departments to make them look legitimate. Spot a scam The ACCC is circulating advice for business owners and individuals to help them avoid getting caught up in charity scams. In short: Don’t donate via fundraising pages that don’t verify their legitimacy; Treat crowdfunding efforts with caution, and check the terms and conditions of each campaign; and Check the charity’s status on the Australian Charities and Not-for-profits Commission (ACNC) charity register. It stands to reason that businesses looking to get involved in their own fundraising efforts should heed this advice in setting up their own campaigns. See more

13.01.2022 The latest AFCA data is further evidence that misconduct is certainly not at the core of the broking industry, which continues to produce a high-quality of outcomes for consumers, according to the MFAA. Earlier this week, the Australian Financial Complaints Authority (AFCA) published data for the six months to December 2019, which found that the number of mortgage-related complaints rose by 20 per cent when compared to the average monthly figure in the previous reporting ...period. Despite this, brokers only represented 15 of the 2,201 progressed home loan complaints made by consumers. This equated to 0.68 per cent of all complaints made in relation to home loans in the six months to December 2019, down from 0.74 per cent in the previous reporting period. In comparison, lenders (including banks, building societies, and non-bank credit providers) accounted for 93.5 per cent of all complaints made in relation to home loans. Interested in refinancing or buying another home, we would love to help, call Rob on 0438 233 324 Mortgage Broker at www.integrityloans.com.au

10.01.2022 No savings? A family pledge loan facility could help you buy your first home Young couple Sam and Kate were keen to start paying off their own home rather than paying rent but had no savings. Here’s how they bought their first property. Sam and Kate Bowen were wondering why they were paying off their landlord’s mortgage instead of their own, but they didn’t have the savings or financial history to convince a lender to give them a mortgage.... After being declined by two lenders, one a big bank and the other a smaller lender that they thought they would have luck with, they contacted a mortgage Broker at Integrity-Innovative Loan Solutions on 1800 300 900. During my initial discussions with Sam on the telephone, I asked him several questions to help me put the pieces of his jigsaw puzzle together, says the mortgage broker. And, on paper, it certainly didn’t look like a deal. As well as the lack of savings, the couple had a couple of other problems standing between them and a strong application: Sam had recently changed his employment and he had a small, paid default on his credit file. At their first meeting with their mortgage broker, which was held at Sam’s parents’ home, they discussed their needs and objectives, and mulled over whether the only option for them was to create a savings plan in order to purchase at a later date. The parents sat in the interview and wanted a solution, says Sam and Kate’s mortgage broker. It became apparent that a family pledge loan facility may be an option. This would involve Sam’s parents offering their home as collateral security. However they already had a small interstate mortgage on their property, so a refinance of this loan may be required, their finance broker explains. After seeking their own legal advice, Sam’s parents refinanced through Sam and Kate’s mortgage broker at a lower interest rate. As well as being able to deal with a local finance broker, they also eliminated fees they had been paying by moving onto a more appropriate loan type for their situation. The family pledge loan facility meant Sam and Kate could borrow the full purchase price and other associated costs, without paying a $25,000 lenders’ mortgage insurance premium, says their finance broker. Sam and Kate are now out of their rental, and have moved into their new home.

10.01.2022 Mortgage brokers are banding together to raise vital funds as Australia continues to face a bush fire crisis. Donations are being made to the Red Cross via this link https://fundraise.redcross.org.au//mortgagebrokersaustralia

07.01.2022 Major Australian bank offers up to $6000 CASH BONUS! Do you have an existing property with a mortgage over $250,000 and are looking to buy an investment property requiring a further $250,000+ ? You do, well the good news is you may be eligible for a $6000 CASH BONUS from one of our major banks to refinance and buy. Further generous Cash Bonus offers are available if you are looking to refinance or buy.... Conditions apply so please email us at [email protected] and we will get them to you. Integrity-Innovative Loan Solutions are Mortgage Brokers who have been based in Hobart since 2002. Check us out at www.integrityloans.com.au

05.01.2022 Attention first home buyers, the First Home Buyers Deposit Scheme is now up and running. Potentially first home buyers can save thousands on the cost of Loan Mortgage Insurance. Check it out at the Commonwealth Government's website https://www.nhfic.gov.au/what-we-do/fhlds/

03.01.2022 The Corona-virus outbreak forces organisations globally to trial work from home arrangements As China continues to combat the crippling effects of the Coronavirus, organisations globally are urging any employees who've had contact with potentially infected persons to work from home for the duration of the incubation period (214 days). This worldwide initiative to constrict the spread of the virus has resulted in one of the greatest remote workforce experiments in history. Wh...Continue reading

02.01.2022 Concerned about servicing your loans? If you are concerned about servicing your loan, reach out to your local mortgage broker for help. As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand. Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result of the Coronavi...rus, and in many cases are wondering how they will continue to pay the bills. Difficulty with repayments According to research conducted by Finder in early 2020, about one in five mortgage borrowers, or about two million Australian households, were struggling to make repayments, despite record low interest rates. And with the challenging circumstances that have emerged since, it is anticipated that these pressures will only increase forcing more people to require financial assistance. Financial relief strategies In this difficult time lenders have responded by announcing financial relief strategies. In an official Australian Banking Association (ABA) statement, CEO Anna Bligh said, Banks stand ready to support customers and if anyone is in need of assistance, they shouldn’t wait but come forward as soon as possible. Different lenders have different assistance options. These may include, waiving fees on early term deposit withdrawals, interest rate freezes on loans, options to defer or restructure home loan repayments, and emergency credit card limit increases. It is important to remember that mortgage brokers have the knowledge, experience and relationships necessary to assist people experiencing or expecting to have trouble paying their home loans as a result of changing circumstances. In times like these, the importance of mortgage brokers in assisting customers with hardship and facilitating access to credit cannot be overstated. For many Australians particularly those in rural or regional areas brokers may represent the only source of assistance. Banks stand ready to support customers and if anyone is in need of assistance, they shouldn’t wait but come forward as soon as possible. Anna Bligh, ABA 2020 Expertise of brokers is of critical support Brokers’ expertise in helping customers navigate the complex home lending market and their intimate understanding of their customers’ personal circumstances - means they are uniquely positioned to provide critical support for customers when discussing hardship and available options with lenders. If you have any questions or concerns about your existing loans, need further guidance on hardship assistance, or have other questions about your loan arrangements please contact Robert Knight, Integrity-Innovative Loan Solutions, by email [email protected] . Published by MFAA

02.01.2022 Wishing you and your family the very best for the new year..

01.01.2022 A few weeks back we covered alternatives to stimulate property market apart from reducing general interest rates via the RBA. Well its starting to happen, with one major bank lowering their assessment rate making it easier for applicants to qualify on the basis of serviceability. ANZ has announced that it will reduce its interest rate floor for home loan serviceability assessments from 7.25 per cent to 5.5 per cent and increase its sensitivity buffer from 2.25 per cent to 2.5... per cent. Most Australians are paying more than they need to on their home loans, to see if we can save what you are paying contact us [email protected] or contact form at www.integrityloans.com.au or phone 1800300900