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jfinance.com.au

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25.01.2022 Hello Everybody! I am still disbelieving that so many people pay over the top rates for interest on homes that they live in where they own 20% or more of the property value. A lot of these people are eligible for discounts down to as little as 3.54% on a principal and interest loan. Contact me via my website or email to see if you are eligible. I will also demonstrate how much you could save.

25.01.2022 My First Industry Related Post: Forget Housing Affordability - try for Housing Possibility! -------------------------------------------------------------------------------------------------------------- Now I am not a person who wants to advocate one side of politics over the other, but from both sides we are seeing that neither really understands the housing market or indeed how someone goes about buying a house and especially how someone gets approval to buy the house. I fe...Continue reading

23.01.2022 Jfinance.com.au has been on the Sunny Coast for a year now and looking to grow. Let me help you with service, 11 years of experience, knowledge of lenders polic...ies and my large range of industry contacts; all of which will help secure your savings. Less profit for the banks is more money in your life. See more

23.01.2022 Hello Peoples: The Big 4 banks of Australia rank in the top most profitable banks in the world. How do they do this? Well as a small (population wise) country, we are easily and cheaply marketed. Also they charge fees and the more fees and fees for the fees. They do have uses though. Often the Big 4 will have policies allowing first home buyers into the property market, they have policy allowing the purchase of land and they don't particularly discriminate on postcodes like s...maller lenders do because the lenders mortgage insurers do. So do they have the right to peek at your credit file on an annual basis and then discriminate against you based on your credit file held at VEDA. Broker News, a news publication for finance brokers has revealed that they do, and have been caught at it. In my opinion this is an abuse of power. Firstly, your privacy act that you signed allowing them to have access to your credit file is for the purpose of obtaining a loan, not for surveillance. I believe that this behavior could be a breach of privacy and in contradiction to the law. Fortunately there is something you can do about it if you are a big bank customer. Contact jfinance.com.au or myself. You will be given advice for free on how to change lender and how much you can save - not just in interest but in fees. Big banks have their place, I applaud them for not discriminating against first home buyers, purchases in what other lenders call risky post codes and the way they treat land only purchases. But if borrowers are not requiring those policies, they could be paying too much and for a small investment in time these borrowers can be on the road to saving a bunch of money.

20.01.2022 Welcome to our Facebook page. This page is where I will outline my views regarding the residential finance industry and make some special offers as they come to light. As a standard offering to everyone, you can click the link to our website and our specialists will create a report for you being either a refinance report or purchase report which will show you, considering all current offers from our 30+ lenders, what the most affordable loan is for your situation. It's a nifty tool which allows us to talk to you and allows you to get some specific, accurate information which will provide you with confidence in your decision making regards to home loans. I look forward to hearing from you and helping you achieve a great result.

20.01.2022 SMSF (Self Managed Super Fund) PROPERTY FINANCE UPDATE: DID YOU KNOW? More people are choosing to invest their super into property than ever before. Already this is a $1 Trillion market in Australia. Having recently done some professional development for SMSF Lending, my eyes were opened up somewhat to the popularity of this particular area of lending and investment. I often get asked, what is the minimum amount of super I need to buy a property inside my super fund. Before ...Continue reading

19.01.2022 My New Boosted Add.

19.01.2022 VALECO HOMES DISPLAY OPENING: . Today I attended the opening of Valeco homes display homes at Yarrabilba. ( Here is a link http://www.valecohomes.com.au/display-homes/ Hope facebook gets that code! I am so impressed with the design and live-ability of the displays. One in particular really drew my eye with children's rooms and entertainment at the front, and parents room and entertainment down the back with meals and media in the center. Shane and Vicki Lloyd (...Shane is the Valeco building super for the site) were there and it was good to catch up with friends that have since become clients in such a carnival environment, there were a lot of people there. It is my hope I can work closely with Valeco in the future as it would be my pleasure to help families build these lovely homes and experience the great lifestyle that comes with. . I also met with Miguel Ramirez and Franc Moreno, Valeco sales aficionados and look forward to working with them in the future. Valeco sales department is well served here and I am confident that people looking to build couldn't ask for a friendlier team. Thanks for the egg and bacon sandwich but I am on a diet! I'm serious folks, if you are thinking of building these are some of the best. I have seen the standards of Shane's projects in the past and can not recommend highly enough.

18.01.2022 Australia's big banks rank in the twenty most profitable banks in the world! How can this be from such a small population? The answer is low competition and fees! Let me show you how much can be saved by minimising if not eradicating fees and lowering interest rates. Both owner occupied and investments - put more of your money in your own pocket instead of theirs.

14.01.2022 FYI our principals linked in page https://au.linkedin.com/in/brendan-jordan-91642413

09.01.2022 Time to make savings! Talk to me about how much bank profit you can keep in your pocket. I have eleven years experience and can help save a lot of money on Refinances, New Home Construction, Purchases and also First Home Buyers. If you think you could possibly be paying too much, then you are!

08.01.2022 RBA Kept their rate the same this month. If you are on a variable home loan, even though the rates are historic lows, I am not fixing right now. There is likely another cut coming: according to people in the know. Watch this space.

07.01.2022 RBA INTEREST RATE CUT DECISION: Hi Folks. The first Tuesday of every month spells the time for the Reserve Bank of Australia to decide whether the interest rates are reasonable given the current conditions. Today they announced a 0.25% cut in rates. So those of you with variable rates will see another small cut. Never the less, any interest rate below 5% is still considered historically low. So why cut rates now? The RBA tells us two things really. One is that they are attem...pting to help trade. Low interest rates usually cause the dollar to fall and with the $Aus being around 76c USA, a rate cut might help bring that back to something like 73c or 74c. A lower value australian dollar means countries the world over get better value when buying from Australia. The other reason, which does irk me somewhat, is that the RBA acknowledges that over recent times, regulation on the lending industry has been so strict as to actually cause it to be more difficult, and in some cases impossible, to get finance. This means that finance, as a commodity, is scarce. So while the value of our industry is up, the economy suffers because of scarcity or even perceived scarcity of financing. So the RBA believes that lowering the interest rate will cause more finance to take place. I am somewhat in disagreement at this point. I totally agree regarding the trade side, but if someone cant borrow at 3.75% they wont be able to borrow at 3.5%. Its policy and regulation stopping these people not the price. I have a number of examples on my books right now where genuine, decent people struggle for finance approval. The main reasons people struggle are the exaggerated HEM (prescribed living expenses of which items and costings are not disclosed to us brokers) and the servicing stress test (this is where the lender asks you to be able to repay an 8.25% loan even though the loan is 4% or less in reality). Historically there has been a 2% or 2.5% buffer for servicing in order to prove affordability. Now we are seeing 4%. Lastly, we all often grumble about the RBA decisions. A rate cut is great for anyone with a variable loan as you save a bit of money. What we need to remember is that the tough lending policies saved Australia in the majority from the GFC in 2008 and we enjoy a lifestyle and economic freedom in our country that people from other countries drool over. There are always two sides to the argument. Today, variable loan holders, Aussies who have investments in cash or capital overseas and Aussie trade had a win.

06.01.2022 Here is an interesting article showing 1989 versus todays First Home Buyer challenges. It makes interesting reading. I would like to point out to everyone the graph that shows loan cost as a percentage of after tax income averages at +2%. For many of you this would make the interest rate around 6% Ish. Australian average long term interest rate is 6.5% ish so thats still less than the average. Something to consider and a good reason to go Principal and Interest. http://www.huffingtonpost.com.au//ive-done-the-math-and-/

05.01.2022 Attended a lender workshop recently and this pearl came out of it. Also some interesting information regards First Home buyers that have limited (small) deposits and lenders that can use other factors other than 3 months savings history to achieve the genuine savings tick.

05.01.2022 Here is an exert from an industry read. Just letting you know that the RBA wont likely move on rates any time soon, and why. Check out the comments by the HIA (Housing Industry Association). Low interest rates aren't going anywhere The Reserve Bank of Australia yesterday held the official cash rate on hold for the seventh month in a row at 1.50%.... This is an appropriate and welcome decision, says the Housing Industry Association senior economist, Shane Garrett. However, there has been a blanket tightening of credit conditions for investors over recent months, and owner occupiers are wary about the outlook for their borrowing costs as we continue to see banks moving unilaterally. As concern mounts over the pace of growth in existing property prices in Sydney, it is more important than ever to remember that Australia consists of a vast number of housing markets, said Garrett. Our expectation is that the RBA will probably hold fire on interest rates over the remainder of the year, particularly with the pace of general price inflation so weak. This outlook is only likely to change should we see gyrations in the Australian dollar’s exchange rate large enough to warrant intervention by the RBA, explained Shane Garrett. While low interest rates are always welcome from an affordability perspective, unlocking housing affordability remains a complex problem. Ultimately the solution lies in delivering on several fronts such as planning reform, increasing the supply of shovel-ready land, reducing the taxation burden on new housing and dealing with excessive infrastructure costs, concluded Shane Garrett.