Margaret Wilcock in Narre Warren, Victoria | Mortgage brokers

Margaret Wilcock

Locality: Narre Warren, Victoria

Phone: +61 417 051 403

Address: 66 Victor Crescent 3805 Narre Warren, VIC, Australia

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

Likes: 546

Add/Update information

Reviews

Tags

• Financial service
• Mortgage brokers

25.01.2022 Should I increase my savings or pay out my debts? This is a common question that clients ask. This depends on your circumstances. Please see the examples below to see why: Example A. The client has a low borrowing capacity due to having personal loans & credit cards but has a lot of savings. One way of increasing your borrowing power is to pay out and close debt, therefore it makes sense to pay out debt in this example*.... Example B. The client has no issue with borrowing capacity but has low savings. If you have the borrowing power then it might be better to put more money towards your savings because this will mean less mortgage insurance or reaching your minimum savings contribution quicker*. Note: each lender calculates your borrowing power differently, meaning that bank A may only lend you $400k and bank B may lend you $500k Dont hesitate to get in touch if you would like to see how much you could potentially borrow or how much you need to save for a deposit. 0417 051 403 *Please note these are examples and not individual advice

25.01.2022 UPDATE FROM THE PRESIDENT OF THE REIV BELOW. Great news - Today the Premier announced the following. We are awaiting the written directions AND then we will provide further guidelines to our members very soon. Public auctions can re-commence for residential properties with no more than 10 people in attendance (Excluding those conducting the auction and occupants of the residence).... Open for Inspections can re-commence for residential properties with no more than 10 people in attendance (Excluding those who are facilitating the inspection). Note, you must still adhere to the 1.5 m social distancing, strict hygiene practices and ensure clear details are taken of everyone who attends.

24.01.2022 We're hiring. Awesome Job with an awesome team

24.01.2022 "A true test for property values may come once these holiday periods end. Financial regulators, the RBA and the banking sector may extend reprieve for mortgage repayments in the scenario that the economy has not made improvements within 6 months." www.inovayt.com.au

23.01.2022 Another happy client, how pretty is this

23.01.2022 Should I take advantage of the early access to super scheme? We are receiving a lot of enquiries as to whether or not this is a good idea. We need to remember the purpose of the scheme is to provide financial assistance to those in financial hardship. There are pros and cons of accessing your super early, be sure to seek advice before you take any action.

21.01.2022 We all want the lowest interest rates and this is probably the number 1 concern on peoples minds. There are many other things that we factor in prior to presenting the options. For First Home Buyers, other things to consider are: You might be getting a great rate but what will you be paying on mortgage insurance? Is the savings made on mortgage insurance higher than savings made on the difference in the interest rate with another lender? Do you have the borrowi...ng power to go with the lender with the lower interest rate? Are you looking at interest rates that are for your personal situation? Sometimes, the rate online is for a certain loan to value ratio(eg. Under 80%) which is not might not be applicable to you. Does the loan with the lender have all the features you want? If you need help with the above, please contact me on 0417 051 403

21.01.2022 Interest rates are pretty low so why do a review? Surely its not going to save you much money? How about I show you real life examples where its actually changed peoples lives. Case Study 1. Both applicants on good income, interest rate in the mid 3s. Asked for an increase to finish renos. I refinanced them, got the cash out to do the works, reduced their loan term and they are going to pay approximately the same repayment every month. win/win Case Study 2. Single a...pplicant has a loan on her owner occupied property and investment property. Interest rates again in the mid 3s. restructure and refiance so the she is paying Interest Only on her Investment loan (at a lower rate), refinance the Owner Occupied loan to a better rate, but now the money she saves in interest she will pay off the Owner Occupied loan as additional repayments which is the non tax deductable debt and that will be paid out years earlier than the previous structured. No change to her monthly outgoings but huge change to the end result Case Study 3. Young couple, initially came to me to refinance existing home loan for a better rate, after we discussed their future plans they realised they were able to move on the plan much earlier than they thought, we restructed the loan in way that it was setting them up so that they would be able to jump on a property as soon as the "right" one came about and it did, very quickly, they were so glad they had their ducks in a row as it was an auction and had to move on it quickly. They just moved in So you see the reason to do a review and get a better rate is not about saving "X" its about what the "X" does for your lifestyle. Call me if you want to improve your lifestyle m. 0417 051 403

21.01.2022 WOW! Its an honour to be recognised in my industy for doing what I love. This is a nation wide award and there are a max of 8 finalist in each category. To be a finalist for the 4th time is beyond words.

21.01.2022 It’s a great time to be a first home owner in Australia! Get Mortgage Ready with Inovayt. Call me for more on 0439002199.... www.inovayt.com.au #mortgagebroker #mortgageloans #firsthomebuyers

20.01.2022 My top 3 quick tips on what you can do now to improve your financial situation

20.01.2022 Breaking news - HomeBuilder Scheme The government has officially announced a new $25,000 scheme for all home builders and not just First Home Buyers. To qualify you must meet the following: Must be an individual over 18 & not a company or trust.... Must be an Australian Citizen. Singles of income from $125,000 & couples with combined incomes of less than $200,000. If youre building a new home, the total purchase price must be less than $750,000. The build contracts must be signed between the 4th of June 2020 & 31 December 2020, unfortunately, clients who are currently building a new home will miss out. If you are spending more than $150,000 on renovations on an existing owner-occupier house, you will qualify as long as your property is worth less than $1,500,000. This is for owner-occupiers only, investors will not qualify. This does not apply to owner builders. For more information please visit the below: https://www.news.com.au///7e2060fb086fd5e18ca830a576a08c7f. For the live announcement from the PM, please visit the below: https://www.facebook.com/7NewsAustralia/videos/189669528959407/?t=9

20.01.2022 What is the difference between the Stamp Duty Exemptions & the First Home Buyers Grant? The Stamp Duty is a tax charged by the state government to purchase an asset. In Victoria, First Home Buyers do not pay the Stamp Duty for purchases under $600,000(owner-occupier properties only). They will pay a concessional stamp duty rate for property purchases between $600,000 - $750,000. The First Home Owners Grant(FHOG) is a one-off grant($10,000 metro & $20,000 rural) payable t...o first home owners who are building, buying off the plan, or buying a property that is less than 5 years old and is its first time on the market. You will not receive the FHOG if you buy an established house that does not reach the above conditions. If you have any other questions you wanted to ask contact me on 0417 051 403

19.01.2022 I love speaking to people that are expects in their field, and this conversation with Peta PJ Murphy the MP for Dunkley was no exception. She is passionate about what she does and her empathy and compassion for others shines through, I hope you enjoy the conversation as much as I did.

18.01.2022 Following on from my tips last week I thought Id give you an example of how paying extra can save you so many years of paying off your mortgage. Assumption - $500K home loan, 2.8% interest. If you pay the minimum but chose to pay weekly instead of monthly youll save 3 years on your loan. ... If you pay weekly and pay an extra $200pw you will save 12 years. Attach and offset account and save even more. Bonus Tip - paying extra off the principle or paying into an offset account will save you the same amount of interest provided its a 100% offset account.

18.01.2022 Hi all, Money Marg radio show is on hold until I get myself organised enough to record some interviews via skype/zoom/phone and then edited them and upload, thi...s is not my area of expertise so bare with me. In the mean time I thought you would appreciate a property update, this will obviously be changing each week so Ill try to upload regular updates. See more

17.01.2022 Since doing this video yesterday arvo I have managed to help 3 clients get better rates on their existing loans and its not even lunch time yet :)

16.01.2022 Im doing so many guarantor loans at the moment, it definately is a quicker way to get into the market if you have the option. Call me if you want to know how it works m 0417 051 403

15.01.2022 First Home Buyer Alert As of the 1st of July, the Australian Government has issued another 10,000 First Home Loan Deposit Scheme (FHLDS) places. This is a perfect opportunity to stop renting and leverage into your First Home. Places under the scheme are still available but wont last forever!... Benefits of the scheme: Only 5% deposit + costs required No Lenders Mortgage Insurance (LMI) Available on purchase prices < $600,000 (VIC), < $700,000 (NSW) and $475,000 (QLD) Quicker entry into the property market Available to Aus Citizens Please get in touch to discuss your eligibility 0417 051 403

13.01.2022 I love that Zoom calls are available and are a time efficient way to conduct appointments but I am really missing face to face appointments. I miss the interaction and the connections that are made when you physically meet people. I think this time in Iso is teaching us a lot about what is important and not important to us. Tell me what you have learnt about yourself?

12.01.2022 Well done team !

12.01.2022 URGENT PLEASE NOTE. Under no circumstances will banks accept super withdrawls as part of your deposit to purchase a house.URGENT PLEASE NOTE. Under no circumstances will banks accept super withdrawls as part of your deposit to purchase a house.

11.01.2022 This was such a great chat with Leah, shes a crazy busy woman who somehow manages to stay bright and bubbley and sane, Im not sure I would in her shoes, I hope you enoy the chat too.

10.01.2022 One of my beautiful clients was so thoughtful and sent these to my hard working assistant :)

10.01.2022 Some good tips here www.inovayt.com.au

08.01.2022 I guess a few people will be feeling very flat right now about the latest announcements, its not ideal, its not where we want to be but unfortunately we have to live with it. Sorry for the Tough Love. I thought Id take this opportunity to I give my perspective and some tips on what you can do financially to be ahead of the curve. remember this too shall pass, we wont be here forever... You cant spend it so save it, pay it off the mortgage, the credit card, the car loan etc you may never have your discretionary spending so low again so make the most of it and while interest rates are so low it has more of an inpact on the principle There are likely to be some real estate bargins around the corner, prepare yourself now, tidy up your finances, consolidate debt, get the deposit ready and know what you can afford. It might be an investment property, or an upgrade or First Home Buyer, be ready. If you would like to some help with the above please feel free to call me on 0417 051 403. Stay Safe and try to Stay Sane

07.01.2022 Please reach out to me on 0417 051 403 or [email protected] if you would like to know more about the guarantor system

05.01.2022 These conversations were amazing today, cant wait to share them with you.

03.01.2022 15 + years Ive been helping people buy their dream homes and I still get tingles when I see photos like this, congratulations Jo & Brenton and all the fur babies, I know you will all be very happy there

02.01.2022 Hi Everyone, Interesting article below regarding the disconnect between the US share market and and the stark reality at the moment. Coronavirus, mass riots/ra...cial tension, trade war with China and soaring budget deficits are all we are hearing about. However, the share market is only 9% lower than its all time peak in February. How does this make any sense!!!?? These are very interesting/volatile times and everyone should be proceeding with caution in an investment sense. As always, please do your research before investing. Ive read plenty of articles recently indicating that record numbers of share trading accounts are being opened as people try to take advantage of the market before they miss out. https://www.theage.com.au//sharemarkets-are-ignoring-the-c

02.01.2022 Now Ive learned how to share these interviews im on fire, here is a copy of my chat with Fay Chan from Budgeting123, she does EFT tapping to help people with issues surrounding money/savings/finances. It was such an interesting chat I hope you enjoy it.

02.01.2022 A very happy client just sent me this amazing gift, it feels nice to be appreciated

02.01.2022 Lovely surprise from some very appreciative clients, I think Im a little bit spoilt

01.01.2022 Todays Tip - What is an Offset? We have all heard about Offsets before but how do they work? An offset is a separate savings account linked to a home loan that makes you pay less interest. Whatever amount you have in the offset account is the amount you minus from the principle/balance when it comes to calculating interest. Pros... Save on interest. You can use it exactly like your everyday savings account (Direct debits, VISA debit cards, BPAY). Some lenders will let you have multiple offset accounts which is great if you want to separate between you and your partners account. You can even have your kids/holiday/everyday spending accounts all linked to the one home loan. Cons Generally, there is an annual fee for offset accounts (Can range from $100 - $395 per lender). Not all Offset accounts are offsetting 100%, some banks offer a lower percentage of Offset. See more

01.01.2022 Is your house built after the 31 Dec 2019? Do you know you could be eligible for a Clean-Energy home loan, fixed rates start at 1.69% (that is not a typo) and variable rates starting at 2.53%. Call me to see if you can qualify.