Loan Rover in Perth, Western Australia | Loan service

Loan Rover

Locality: Perth, Western Australia

Phone: +61 407 945 603

Address: 24 Hasler Road, Osborne Park WA 6017 Perth, WA, Australia

Website: https://www.loanroverfinance.com

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24.01.2022 CASH RATE ANNOUNCEMENT "The cash rate has hit a new record low, with the Reserve Bank easing monetary policy for the fourth time in less than a year amid a sharp dip in market sentiment." According to AMP Capital’s chief economist Shane Oliver "The bushfires and the coronavirus will likely take the economy backward this quarter with significant uncertainty around the duration of the hit from coronavirus."... All eyes now turn to lenders to see how much, if any of the 25 basis points will be cut.

23.01.2022 The recently announced federal budgets early implementation of tax cuts will be warmly welcomed by all Aussies! We take a look at what impact the changes will have on borrowing capacity & property markets. https://www.loanroverfinance.com//did-we-all-just-get-a-li

22.01.2022 Is bad credit a total barrier to a home loan? In our latest blog, we tackle the ‘bad credit’ issue to help figure out where you stand. https://www.loanroverfinance.com//is-bad-credit-a-total-ba

21.01.2022 RBA Pulls Emergency Lever "Following an emergency meeting held today, the Reserve Bank of Australia’s monetary policy board has decided to cut the official cash rate to a new record low of 0.25 percent and commence quantitative easing." "The announcement has been made two weeks ahead of its monthly board meeting scheduled for 7 April to counter the growing economic risks associated with the coronavirus outbreak."... All eyes now turn to the banks who will be under pressure to pass on the full rate cut.

20.01.2022 Ever heard of the term 'If you don't ask, you don't get?'. Well, when was the last time you asked your current lender for an interest rate discount? https://www.loanroverfinance.com//manage-your-blog-from-yo

19.01.2022 Congratulations to the Bassendean Super 3's on becoming the 2020 E3 Premiers over the weekend! Hopefully, the League boys who booked themselves into a Preliminary Final can follow suit!

17.01.2022 First Home Purchase Big congratulations to our clients Jo & Stevie on purchasing their first home earlier this week! Tapping

15.01.2022 AUSSIES EYEING UP REGIONAL MOVE COVID-19 has changed the housing preferences of many Australians, according to a new survey of nearly 1,100 property investors. The PIPA Property Investor Sentiment Survey* found coronavirus has made 17% of respondents consider moving to another location.... Of those who are thinking about moving, the most popular reasons were: Improved lifestyle = 78% I will be working from home in the future, so I can live anywhere = 46% Housing affordability = 40% I don’t want to live in a crowded city any more = 28% Money is not the most important thing to me any more = 16% So it’s no surprise more Australians are thinking about buying property in regional markets. The survey found 22% of respondents believe regional markets are the most appealing place to buy right now compared to 15% in last year’s survey. Has COVID-19 made you more likely to want to live in a regional area? *https://www.pipa.asn.au//uplo/2020/09/Data_All_200824.pdf

15.01.2022 That’s officially a wrap for 2020! Merry Christmas to all We are looking forward to working with you in what we expect to be a massive 2021 . Stay safe kids!

15.01.2022 After a crazy first six months of operation we are now officially on the Gram . Follow our business journey and stay up to date with finance & property related content in picture form! @yourloanrover

14.01.2022 Why rent when you can own your own home for less? One of our lenders has just announced a 5 year fixed rate of 3.49%* p.a. for First Home Buyers allowing them to borrow up to 95% of the property value. This means based on a property purchased for $300,000 your repayments would be <$300 per week for the next 5 years!... For more information email [email protected] *Comparison rate 4.39% *Conditions apply

13.01.2022 First Home Purchase Newly renovated home on an 800sqm block less than 3km from the new Forrestfield station. Very savvy purchase in this current buyers market! High Wycombe

11.01.2022 First Home Purchase Big congratulations to my clients Natasha & Nick on the purchase of their first home. All the best with your property ownership journey. Bayswater

11.01.2022 One of the biggest questions we get asked by FIRST HOME BUYERS is - "How much of a deposit do I need!?". The fact of the matter is the deposit or equity contribution required will be different depending on a number of factors. i.e. Is the home to live in or an investment? or The location of the property? etc. The below worksheet is a rough guide to determine the contribution, costs & repayments on a range of purchase prices for FIRST HOME BUYER eligible clients. There are som...e lenders that will allow for lower deposits than this, but by following this guide you will give yourself the options to qualify for a broader range of lenders. *DISCLAIMER* All figures quoted are just an estimate to be used as a guide. Your full financial circumstances need to be reviewed before any recomendation or advice can be given.

10.01.2022 Snapshot of the WA May 2019 Residential Property Market Review presented by Herron Todd White. The coming months will be significant for our nation and its property markets. The federal election date is almost upon us with the major parties locked in debate on policy that has a direct effect on Australia’s real estate sector. For a copy of the full national report leave your email address below or email [email protected]

10.01.2022 First Home Purchase Congratulations to my client Shannon who is looking as happy as Larry infront of his new Castle! With Perth property transactions up 30% (More demand) and total available stock down 25% (Less supply) on this same time last year, combined with other driving factors, there is no doubt in my mind that the market is finally beginning to shift in an upward direction.... Plenty of reasons to smile when you can secure your long term home at/near the bottom of the property cycle! Also plenty of reasons for a real estate agent & seller to smile when finance is approved within 2 days . For an obligation free consult to purchase or refinance your home get in touch! [email protected] 0407 945 603

06.01.2022 INVESTORS The age-old question. Is purchasing an investment property just for 'Negative Gearing' purposes worth it? The short answer in our opinion is 'no', it isn't worth considering as the only measure for an investment. In most instances, you're going to want to consider the many other factors that come into play with purchasing the particular property.... However, as this article explains the case can be made if all of the following apply: 1. Decreasing your tax liability is your only or #1 priority. 2. You still expect an overall capital gain on the property in the long term. 3. You have the revenue stream or cash reserves to continue running at a loss until you can reach that capital gain. It's best to speak with your mortgage broker, accountant and/or financial advisor to obtain advice before making any major investment property decisions. https://www.yourinvestmentpropertymag.com.au//is-negative-

06.01.2022 September 2020 National & Perth Housing Video Market update presented by CoreLogic. After several years on the decline in Perth whilst the big boys over East experienced growth, the majority of raw data is pointing towards us finally bucking the trend. Increase in the number of sales (+Demand for housing) ... Decline in the number of properties on the market (-Supply of housing) Tightening rental supply (Increase in rental prices) Low-Interest rate Environment predicted to stay around for a while (Low cost of borrowing) Lowest Medium Price in the Country (Affordable) Based on all of these factors could we look back on 2020 as the bottom of the Perth market? Whilst it's impossible to know now if this will be the case, the current numbers we are seeing do make us very bullish about the greater Perth market over the next 2-5 years. https://www.youtube.com/watch?v=fv8huy8ul9c

05.01.2022 Another First Home Purchase I'm so grateful that as part of my job I get to be apart of the journey & assist people with owning their own little slice of the world. Congratulations Scott & all the best with the new place! Swan What!?

04.01.2022 CALLING ALL KEYSTART LOANS Below is a real-life case study of a refinance we recently completed. By advising the client to continue paying the same monthly minimum repayment towards the new loan as was required from Keystart, they are going to pay their loan off 6.5 years faster & save a whopping $140,000+ in the process . Enquire now for a free initial assessment & valuation to see if we are able to assist in the same way!... 0407 945 603 [email protected]

03.01.2022 We are officially back, Happy 2021 all Not a bad spot to bring in the New Year! Hope everyone took some time off with loved ones and is feeling recharged and ready to go just as we did. Lets make this a big year of smashing our personal & financial goals

03.01.2022 BE CAREFUL WITH 'BUY-NOW-PAY-LATER' THIS HOLIDAY SEASON The use of buy-now-pay-later services is exploding and causing some people financial harm. The number of active buy-now-pay-later (BNPL) accounts increased 38% and transactions jumped 90% between the 2017-18 and 2018-19 financial years, according to a report from ASIC*.... ASIC found that 21% of users who were surveyed had missed a payment in the previous 12 months. Another negative impact is the red flags it can raise during a home loan application. Banks and lenders that see BNPL on your banking statements get nervous about your savings and spending habits. Simply put, lenders might question your ability to budget and live within your means. All BNPL providers are not looked at the same when you apply for a home loan. Some have higher risk associated with the way they lend money and it can lead to more difficulty with a home loan application. If you’re going to use BNPL, treat it as a short-term loan that you pay back as quickly as possible. *ASIC report - https://asic.gov.au//20-280mr-asic-releases-latest-data-o/

03.01.2022 Important advice for all bank/credit customers in regards to Corona Virus effecting your work & income. People are already feeling the financial effects of the virus with loss of work, reduced hours of work and less work for self-employed plus many other side effects. Banks have always been required to have a functioning and operational Hardship department that is required to offer assistance to any customer who is experiencing financial, health or emotional hardship. A ban...k cannot open its doors and function without one. A client can be offered a number of ways to help them through a difficult time including up to 3 months off paying anything at allyes this applies to all facilitiesmortgages, personal loans and credit cards. The 3 months of reduced or zero payments can be extended under special circumstances. If you do begin to run into financial hardship do not bury your head in the sand hoping the issue will sort itself outwhen it doesn’t, more serious issues arise including serious stress on yourself. Banks are not mind readers and need to be told of the hardship. Make contact with your credit provider sooner rather than later and actually ask by name for the 'hardship department'. The recent announcements by the federal government and legislators is encouraging the banks and lenders to be even more understanding and lenient towards customers who are experiencing hardship because of the effects of the Corona Virus on businesses and financial markets.

02.01.2022 Would you be more inclined to purchase property if there was no stamp duty!? "The Reserve Bank governor Philip Lowe has expressed support for the removal of stamp duty, which he has described as a 'tax on mobility'". https://www.theadviser.com.au//40684-rba-backs-move-to-axe

01.01.2022 The new employee Rufus helping with follow ups in order to keep the banks honest. Rufus’ favourite parts of work is being called a good boy and having regular under the desk naps.

01.01.2022 First Home Purchase Stoked for my client Brett who got the keys for his first home yesterday, only 4 weeks after his offer was accepted. "Where there is chaos, there is opportunity!" & there is plenty of opportunity within certain pockets of Perth/WA right now. Brett managed to secure this prime piece of Real Estate in a well sort after suburb $117k under what the vendors previously purchased it for only 6 years ago. With interest rates now available in the low 2% range w...hich can work out to be half the cost of renting throughout a lot of Perth (Based on rental yields), it's a great time to considering entering the property market. Ardross