Lendary in Surry Hills, New South Wales, Australia | Mortgage brokers

Lendary

Locality: Surry Hills, New South Wales, Australia

Phone: +61 2 8014 4298

Address: Ground Floor, 20-22 Mary Street 2010 Surry Hills, NSW, Australia

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

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25.01.2022 QBE Australian Housing Outlook 2019-2022 > First home buyers, accounting for almost 20% of mortgage lending, are continuing to lead the charge to buy residential property as more onerous conditions forced many potential investors out. > Home prices are expected to stabilize in Sydney and Melbourne as owner-occupiers are enticed back to the market.... > Sydney house prices appear to have bottomed out and are set to rise 6% over the next three year > Melbourne house prices have also bottomed out and are set to rise 5% over three year > Brisbane maintains its affordability advantage over other east coast capital cities > Adelaide house prices are set to rise by 13% over the next three years.. .. and house prices could increase by up to 20% over the next three years Read more : https://www.qbe.com/lmi/news/reports/housing-outlook

25.01.2022 Real estate values up four per cent over December quarter, the biggest quarterly rise since 2009 Average dwelling values across the country rose 1.1 per cent over December and 2.3 per cent over 2019, according to property data firm CoreLogic. The jump, led by Sydney narrowly edging out Melbourne again, reflects a four per cent quarterly rise in values, the highest quarterly increase since November 2009.... Read more : https://www.propertyobserver.com.au//108848-real-estate-va

23.01.2022 At its emergency meeting today the Reserve Bank (RBA) announced a cash rate cut of 0.25%, bringing the cash rate to 0.25% the lowest in Australian history! This cut was made in response to the global coronavirus (COVID-19) crisis, which has been declared a pandemic by the World Health Organization (WHO). Australia has entered unchartered economic territory and uncertainty associated with the COVID-19 outbreak. The RBA made the decision to decrease the cash rate to help mitiga...te the economic impact of the pandemic. Many lenders reduced their interest rates in response to the cash rate cut earlier this month. www.lendary.com.au 02 8014 4298 [email protected]

23.01.2022 Long-term home loan customers (with the big four banks) are paying interest rates an average of 0.26 of a percentage point higher than new customers. This means a typical borrower could be losing thousands of dollars each year, just by sticking with their current lender. According to the ACCC, there’s roughly five million outstanding mortgages in Australia and only 300,000 refinance each year. That means, 94% of home owners have the opportunity to achieve a better rate on the...ir loan. We’ve seen the ‘loyalty tax’ range between 0.7% and 0.85%. That’s a significant amount if you have a $600,000 mortgage. In fact, it’s $4,800 in savings each year. Or $144,000 across the life of a 30-year mortgage - the bigger the loan, the higher the cost. If your rate does not start with a two, you’re paying too much, regardless of whether you’re an investor or an owner-occupier. Like to learn more? Contact the team at Lendary to discuss your options and to get you the best rate on the market. [email protected] (02) 8014 4298

21.01.2022 Average Australians aged 18 to 34 save 32% of their monthly income, significantly more than the national average of 23%, according to the Suncorp Best Saver Report. "Many in this age group are likely to be enjoying an increase in their income as they finish university or build their career, while still having the flexibility of fewer big financial commitments a strength which generally stops as you get older," said Chris Fleming, executive general manager for consumer banki...ng at Suncorp. Millennials' saving habits, the study found, were driven by tangible goals, including buying their first home and investing in property or shares. "This goes against the common assumption that this generation has given up on the great Australian dream of homeownership," Fleming said.

21.01.2022 Confidence in the Sydney property market has continued to grow, according to a survey from ME Bank After a period of price declines in Australias key property markets, consistent house price increases over the past three months have created a much-needed period of stability, providing more certainty that early price increases werent simply a blip in the data. There wasn't a large spike in sentiment from the first home buyer camp, which Bartolo says suggests the recent hous...e price movements may have marked the end of a unique opportunity to buy at the bottom. Read more : https://www.propertyobserver.com.au//106415-sydney-sentime

21.01.2022 Lest we forget. We honour our heroes. The brave souls who gave their today for our tomorrow.

20.01.2022 NEW// First Home Buyer LMI Offer. One of the biggest hurdles for first home buyers to overcome is the time it takes to save for a deposit. Thats why St George are now offering 85% LVR and virtually no LMI ($1), for all first home buyers! Limited time only, offer end date TBA. ... Applications must be for first home buyers (for couples, only one applicant must be a first home buyer). Loans with LVR# up to 85% at time of formal approval Owner Occupier with Principal & Interest repayment only Max loan of $850K No minimum income requirement (Credit approval and servicing still applies) Only one property to be financed per application Variable rate from 2.69% Fixed rate from 2.19% Like to learn more? Your Lendary broker is here to help! http://www.lendary.com.au/contacts #lendary #refinance #homeloan #wealthmanagement #mortgage #realestate #home #fundingdreams #mortgagebroker #homeloanspecialist #homeloantips #investmentproperty #financialgoals

19.01.2022 This month, the RBA held the cash rate at a record low of 0.25%. If you haven’t reviewed your home loan in the last 6 months, get in touch with us today to ensure you’re receiving the best rate on the market. http://www.lendary.com.au/

19.01.2022 Why use a mortgage broker to refinance? A stress-free experience; Mortgage Brokers take the burden out of refinancing. Well run through your financial situation and requirements, then explain your options. If we do find you a more appropriate home loan, well liaise with the lender and facilitate the refinancing process. From overseeing the documentation requirements to providing ongoing support, well be there throughout the entire journey.... Read more: https://www.lendary.com.au//why-use-a-mortgage-broker-to-r

18.01.2022 If you fall into the 70%, be sure to contact our Lendary brokers. We will assist you in finding the ideal strategy and the best rate. https://www.lendary.com.au/contacts #lendary #refinance #homeloan #wealthmanagement #mortgage ... #realestate #fundingdreams #mortgagebroker #homeloanspecialist #homeloantips #investmentproperty #financialgoals See more

18.01.2022 Are house prices getting cheaper? Property prices in Australia fell slightly in June, with the housing market reporting its second month of declines, according to the latest report from CoreLogic. On a national level, prices of homes went down by 0.7% monthly and 0.8% quarterly. Over the month, the median value of homes (nationwide) dropped to $554,741. However, this figure is 7.8% higher than a year ago.... Tim Lawless, head of research at CoreLogic, said these declines in prices have been "mild", with capital cities recording a cumulative decline of only 1.3% over the past two months. "A variety of factors have helped to protect home values from more significant declines, including persistently low advertised stock levels and significant government stimulus," he said. Lawless said the low interest rates and forbearance policies from lenders have helped the market be active over the last few months, providing further insulation to housing values. However, he said the longer-term outlook for prices remains uncertain and will depend on how well the economy responds to the stimulus measures by the federal and state governments.

17.01.2022 CBA stands firm as peers slip-up in mortgage market https://www.theadviser.com.au//39709-cba-stands-firm-as-pe#

16.01.2022 The seasonally adjusted figures saw first home buyer loans decline 0.9 per cent over the month, but remain 3.4 per cent up over the year. Despite the number of first home buyer loans declining 0.9 per cent, the value of loans for first home buyers rose by 2.1 per cent to be nearly 20 per cent up on the year as the market bounces back from its June low. First home buyers have made a comeback in the past year, with close to 20 per cent more borrowing compared to the year befor...e, as the stars aligned for them, - Paul Marshall, chief executive of RateCity.com.au Read more: https://www.propertyobserver.com.au//109151-new-home-lendi

16.01.2022 We take a different angle and approach when reviewing your mortgage requirements. Our aim is to find a home loan product thats right for you, regardless of your situation. Our experienced team at Lendary are on hand to help and support you. Well find the right solution and guide you through the entire home loan process. ... Get in touch: [email protected]

15.01.2022 Wishing you an amazing 2021! #happynewyear #2021 #lendary #homeloanspecialist #lendingspecialist

14.01.2022 Only 22% of Australians can correctly identify what refinancing actually means. You may have heard the term 'refinancing' before, but are you sure you know enough to determine whether it's right for you? Our Lendary brokers are here to help. Get in touch:... https://www.lendary.com.au/contacts #lendary #refinance #homeloan #wealthmanagement #mortgage #realestate #home #fundingdreams #mortgagebroker #homeloanspecialist #homeloantips #investmentproperty #financialgoals

13.01.2022 Our strong strategic alliances and extensive experience empower us to garner quick, painless approvals from the nations best lenders. Thinking of refinancing? Book an appointment with a Lendary broker to chat through your options. https://www.lendary.com.au/contacts

13.01.2022 How much can I borrow from a bank or lender in Australia? Before a bank or lender can issue you with a home loan product, you'll be assessed on your ability to not only secure a property with a deposit, but also on whether your finances will allow you to tend to the entire life of the loan. Also known as your 'borrowing capacity', this is a specific criteria that each prospective buyer will face. The lender will determine whether you have the capacity to fund ongoing home loa...n repayments, which also includes additional fees and charges beyond the principal and interest payments of the loan. These additional fees may include lenders mortgage insurance, stamp duty, and other home loan application fees. Be one step ahead and become versed on your borrowing capacity. A rough guide can be provided through our online calculator. https://www.lendary.com.au/pages/borrowing-capacity Want to know your true borrowing capacity? Our Lendary brokers are here to help.

13.01.2022 Government announcement good news for housing! Supporting the housing industry to deliver homes in a timely and affordable way is essential to address the home ownership aspirations of first home buyers, to create jobs and to support a healthy Australian economy," - said Kristin Brookfield, HIA chief executive of industry policy. https://www.brokernews.com.au//government-announcement-goo

13.01.2022 The latest ABS data on new housing credit showed a sharp rise in the value of home loan commitments, driven by a surge in owner occupier lending as well as a smaller rise in investment lending. The rise in the value of owner occupier housing finance commitments over the September quarter (+12.1%) was the fastest quarter-on-quarter gain since the September quarter of 2015 (13.7%), taking the value of new owner occupier home loan commitments 17.3% higher since bottoming out in ...May earlier this year. Growth in investment lending hasnt been quite as strong, however the value of investment loan commitments was up 6.0% over the September quarter, which was the fastest gain since the December quarter of 2016. The value of investment loan commitments is now 8.4% higher than the May 2019 trough. With owner occupier credit outpacing investment credit, investors now comprise the lowest portion of housing loan commitments since the ABS records commence in 2003, currently tracking at 24.8% of the value of new mortgage commitments. Read more : https://www.propertyobserver.com.au//106551-new-mortgage-c

12.01.2022 The 3 things buyers need to know before applying for a 5% deposit: 1. Getting in early comes with costs 2. Interest is dead money, but so is rent 3. Capital gains count... Read more: https://www.domain.com.au//first-home-loan-deposit-scheme/

09.01.2022 After 4 great years working with one of Australia's largest wealth management companies, Yellow Brick Road, It is now time to say a bittersweet goodbye and continue the journey in building my own road/finance and lending company Lendary. My vision of opening Lendary, is to simplify the home loan & lending process, to help families and individuals achieve their goals in owning their own home, and/or expanding their property portfolio. In short, lending and finance made simpl...e. P: 02 8014 4298 E: [email protected] W: www.lendary.com.au #Lendary #Finance #Lending #homeloans #mortgagebroker #mortgage #refinance #constructionloans #commercialloan

09.01.2022 A fast growing boutique brokerage is seeking a Broker Support Officer / Loan processor to join their team. Based in Surry Hills and part of a high performing team, you will be a pivotal part of the mortgage broking team's success. Your technical loan support experience and knowledge will set you up for success in this role as you handle all loan processing and stakeholder conversations from submission through to settlement.... This is a not to be missed opportunity for those with loan processing experience looking to take their career one step further! The role: Full-time permanent position - Support in the preparation and organisation of information for client visits - Creating client files and CRM (Mercury) opportunity - Prepare documentation and save to file, remove any TFNs. - Enter data to CRM and follow up outstanding requirements - Identify and name documents appropriately - Track and record data from all correspondence (emails) - Assist with research and structure of loan applications - Managing the loan application process from start to finish perform preliminary credit assessments and evaluating potential loan serviceability, run serviceability calculators, complete loan applications, check file is compliant and ready for assessment, upload to AOL, order valuations/pricing, draft email to lender with supporting documents and assist in driving file to assessment to meet settlement dates. - Prepare files for Compliance and Audit (to confirm files complies with individual banks credit policy, Responsible Lending policy and processes) - Follow up communication with clients, lenders and other external professionals - Develop post settlement correspondence (reviewing pricing and any fixed rates) - General administration and office support About you: - Demonstrated experience within loan processing and support is a must (ideally 2 years experience) - Demonstrated mortgage broking industry experience is a must - You have technical knowledge of the home loan process - You are organised, proactive and positive - You have excellent communication skills Experience with Mercury and Apply - Online highly advantageous - Intermediate to advanced computer skills (Microsoft office suite) - Ability to prioritise, be proactive, flexible and manage varying workloads Eye for detail and improving efficiencies along with attention to detail on compliance - Results driven, accountable and passionate Please only apply if you have loan support or loan processing experience. Want to know more or apply? Send your CV via the apply link. Expected Start Date: 11/01/2021 Job Types: Full-time, Permanent

08.01.2022 THE SCENARIO: 1. Two sisters purchased an off the plan apartment in Liverpool, NSW, back in December, 2015 for $575K. 2. 4 years later, settlement was due and they only had 12% of the deposit. 3. They went to their existing bank and the valuation had arrived lower than expected at $525K.... THE PROBLEM: 1. The valuation for the property had arrived at $50K less than their purchase price and they did not have additional funds to meet the difference. 2. Their bank will only allow them to borrow up to 90% of the valuation ($525K) and not the purchase price at $575K. Meaning they were short $50k in funding. 3. They only had 2 weeks to settle. THE SOLUTION: 1. Having access to more lenders enabled them to order additional valuations from two other lenders. 2. One valuation arrived at $575K, meeting the purchase price. Solving the funding gap. 3. Two weeks later, the property settled, clients are happy and their problem solved!

08.01.2022 4 important tips when applying for a land and construction loan 1. Avoid split contracts. A split contract is when the land contract requires the purchaser to enter into a building contract with the developer (or nominated builder selected by the developer). If the developer or builder ceases operation it may become problematic engaging a new builder. This type of contract is typically unacceptable with most banks. 2. Make sure the progress payments (stages of how builders... get paid) on the building contract are within industry standards. 3. Know the Loan Value Ratio (LVR) your bank will allow for the land and construction loan. If you are looking to borrow up to 95% (including LMI), ensure your bank will allow you to borrow up to that level. Some lenders will allow up to 90%, whilst others will only allow up to 80% (due to postcode restrictions) on land and construction loans. 4. Avoid contract variations where you can. Making changes to the design, fittings or finishes during the build will increase your costs. Your bank will not fund these additional costs DURING the build. Consider how you will pay for them. Like to learn more? A chat with your Lendary broker will help uncover the right options for you. https://www.lendary.com.au/contacts

07.01.2022 This month, the RBA held the cash rate at a record low of 0.25%. If you havent reviewed your home loan in the last 6 months, get in touch with us today to ensure youre receiving the best rate on the market. http://www.lendary.com.au/

07.01.2022 Knowledge is wisdom. Don't make the below mistakes! 1. Applying with the wrong lender - Each bank has their own criteria on what types of loans and customers are of high or a low risk (e.g. Some lenders will not lend to someone who has a new job, whilst other lenders will). 2. If your loan application gets declined, do not just apply with another lender; getting your loan declined again and again by different lenders will ruin your credit score for future loans. Please... seek professional advice, our Lendary brokers are here to help. 3. Not including all of your debts in your application - Including all debt information is crucial for an approval! Lenders will see all loans you have applied for in the last five years on your credit file. They have access to check if the debt is still outstanding. In most cases lenders will decline your loan if they find a debt that you did not tell them about. 4. Not understanding your credit score - Major lenders assess loans using a computer generated score that is based on almost every aspect of your situation. Many people apply for a loan simply to be told no because of their 'credit score'. Speak to a Lendary broker to get an idea of what lenders will think of your situation before you apply. If you have a blemish on your credit history, we can request a free copy of your credit file to find out exactly where you stand. Often we can help you by applying with a specialist lender that doesnt use credit scoring. 5. No genuine savings - Almost all lenders have policies in place to automatically decline your loan if you do not have a deposit that you have saved yourself. However, there are some lenders that can help if you didnt save your deposit yourself. Find out more by getting in touch: https://www.lendary.com.au/contacts #lendary #refinance #homeloan #wealthmanagement #mortgage #realestate #home #fundingdreams #mortgagebroker #homeloanspecialist #homeloantips #investmentproperty #financialgoals See more

07.01.2022 Stamp duty relief for first-home buyers will help Sydneysiders get into the property market quicker. The stamp duty exemption for first-home buyers will be temporarily lifted to $800K up from $650K in a bid to support the construction industry and first-home buyers. info: The changes will last for 12 months from August 1. Stamp duty concession threshold will also be lifted from $800K to $1 million. ... The threshold on vacant land will also rise from $350K to $400K Concessions will phase out at $500K. This will help get keys into more front doors for first home buyers and will also boost housing construction across NSW and support jobs in the building industry. Want to learn more? Get in touch: [email protected] (02) 8014 4298

06.01.2022 Do you know how to purchase your 2nd property without using your savings? This Wednesday 12th August, hear from our Young Gun, award-winning mortgage broker, av...id entrepreneur and director of Lendary, Onar Serrano. Mr Serrano's vision is to simplify the home loan and lending process to help families and individuals achieve their goal of owning their own home and expanding their property portfolio by providing structured and strategic lending advice. Register for this insightful presentation here: http://bnisc.com.au/nsw---sydney-cen//visitorregistration

06.01.2022 Housing lending is turning up lending over the four months to September grew at an annualised pace of 52 per cent and that certainly looks fast enough to give some boost to housing credit outstanding, the report said. https://www.realestate.com.au//commonwealth-bank-report-/

05.01.2022 How much deposit do you need to buy a house? Nowadays, lending criteria from banks is stricter, and most banks and lenders have restricted the loan to valuation ratio that theyre willing to extend to borrowers. So, if you don't have much of a deposit at the ready, is it possible to get a high LVR loan to buy a house? ... Read More : https://www.yourmortgage.com.au//how-much-deposit-/117214/

05.01.2022 In case youve missed it, the government has made a big announcement this month about a HomeBuilder grant. This scheme provides eligible owner-occupiers (including first home buyers) with a grant of $25K to build a new home or substantially renovate an existing home (with certain criteria to follow). If youve been thinking about refinancing to renovate, now could be the best time to get started! Contact your Lendary broker today to take advantage of this scheme and to... discuss your options. https://www.lendary.com.au/contacts

04.01.2022 At Lendary, we offer a range of tailored home loan, refinance and lending solutions, whilst providing a valuable, professional service thats free to you. Learn more: https://www.lendary.com.au/pages/our-services... #lendary #homeloanspecialist #homeloan #homeloantips #mortgage #mortgagebrokers #refinance #broker #wealthmanagement #sydneymortgagebrokers #investmentproperty #finance #financetips #termloans #financialgoals #wealthmanager

03.01.2022 Adelaide suburbs dominate top 10 booming suburbs The housing markets recovery continues but according to new data, a less fashionable corner of the country is dominating the list of booming suburbs. As the national property market continues its swing back to recovery, a surprising corner of the country dominates the top price growth list.... Half of the top 10 booming suburbs are located in Adelaide, while realestate.com.au chief economist Nerida Conisbee says buyers have flocked back to areas across the country that are typically regarded as premium. Up until the May federal election, Australia was in the grip of a property downturn but the analyst says the South Australian capital avoided the dramatic losses experienced across the country. SA does seem to be a market that is less prone to speculation, so we dont tend to see such boom or busts occurring in Adelaide, Ms Conisbee told news.com.au. Its generally a fairly stable market. Read more : https://www.news.com.au///c12432e52f19d7ba27833d1462600490

02.01.2022 BRISBANE home values are at a new record high and continuing to climb, while price growth is starting to slow in Sydney and Melbourne, new figures reveal. CoreLogics national home value index rose 0.9 per cent in January, taking the annual growth rate to 4.1 per cent the fastest in a twelve month period since December 2017. Ahead of the Reserve Banks interest rate decision on Tuesday, the index shows home values increased across every capital city and region, apart from r...egional South Australia, where values held steady in the first month of the year. Smaller cities, including key affordable regional markets where economic and demographic trends are healthy may offer some insulation from these affordability constraints, Mr Lawless said. Almost 90 per cent of experts surveyed by comparison website Finder expect the official cash rate to remain on hold on Tuesday, but nearly 80 per cent are tipping an interest rate cut by May. Read more: https://www.news.com.au///e202275357f75a31b5e3b451cac79a1f

02.01.2022 The First Home Loan Deposit Scheme allows eligible first-home buyers to borrow from participating lenders with as little as 5% deposit, with the federal government as guarantor for the remaining 15% effectively meaning buyers dont need to pay Lenders Mortgage Insurance (LMI). The scheme is only for first home buyers, owner-occupier loans (you must live in the property you purchase) and doesnt apply to interest-only loans. Now might be the best time to break into the prope...rty market. If you're interested in the scheme, places are limited as it operates on a 'first in, best dressed' basis. To make sure you can secure a spot, talk to our Lendary brokers today. We can assess your finances right away and advise you of your eligibility for the grants. https://www.lendary.com.au/contacts

01.01.2022 Life doesn't come with a manual. It comes with a mother. Happy Mother's Day to all the incredible mums out there!

01.01.2022 When it comes to their golden years, there are three essential factors retirees should take into account when choosing property. Lifestyle, relative affordability and building equity should all be considered by those leaving the workforce behind for the easy life. Our analysis has identified 10 suburbs which offer a combination of all three.... Lifestyle varies from person to person. Some are looking for a seachange, others a treechange and there are many who want to be within easy distance of family. When it comes to relative affordability, that too can depend on the individual purchaser. For example, Bryon Bay is relatively affordable for a well-off downsizer from Sydney and Melbourne, but not necessarily for those moving from other areas. There has certainly been an increase in the number of residents leaving Sydney for other destinations, with the latest ABS figures showing 27,300 people left the Greater Sydney area through 2017-18. And, of course, building wealth or equity over time is just as important as the two other factors. In other words, they offer good lifestyle options, value for money and solid long-term capital growth projections. READ MORE: https://www.propertyobserver.com.au//107416-the-top-10-sub