M Finance Pty Ltd in Warnbro, Western Australia, Australia | Loan service

M Finance Pty Ltd

Locality: Warnbro, Western Australia, Australia

Phone: +61 8 9523 8414

Address: PO 8154 6169 Warnbro, WA, Australia

Website: http://www.mfinance.net.au

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25.01.2022 No surprises .....Reserve Bank met yesturday and made no change to the cash rate. That means variable rates remain unchanged for now. We have some of the cheapest variable and fixed rates currently seen......and likely to remain that way for awhile ,according to economist . Make the most of it and make sure you call me to get your rate reviewed...

25.01.2022 Merry Christmas and happy New year everyone.....well hasn't 2020 brought some interesting challenges for lots of people in lots of different ways. Loved ones we can't see thru travel with covid or lost forever. Houses we have lost, jobs we missed put on, sickness, or just missing people.thru isolation or even seeing too many people, too much stress. One thing I have learnt this year is we all need each other. We can't get thru things alone. I am thankful for everyday. ( helped with a drink occassionally). We have made new friends, new ways of doing things, new places to explore, new appreciation for enjoying the basics in life.... Thankyou for coming on this journey with me. What are you looking forward to in 2021????

25.01.2022 Just announced !! In addition to Federal building bonus. Looking forward to finding out details....

23.01.2022 Long post so I am apologizing now. How are the Australian banks responding to small businesses needs with the latest on the Virus 2020.... see below measures so far. If your having difficulty you need to get in contact with me or the bank directly Westpac...Continue reading

23.01.2022 Alot like finance. One size does not fit all. Lol

22.01.2022 Can I access my superannuation to use as a deposit for a housing loan? The answer is no, please watch for latest unfolding information

20.01.2022 Afterpay and Zip pay...Another tips and tricks on Tuesday video.

20.01.2022 FINALLY !!!! We have an application form for the building grants. So we can read and get definitions, work out when you can apply and when cash is to be paid. Call for details!!!

19.01.2022 HOME BUILDERS NEW SCHEME launched today by Federal Government. Main points below.....$25k grant to build new home or renovate an existing one 1. Apply from today June 4th till Dec 31st 2020 ( if we had the forms lol) 2. Must be natural person ( not company or trust) 3. Must be over age 18 years of age... 4. Must be for Owner Occupied purposes 5. MUST be an Australians Citizen ( not just a permanent resident) 6. Max income thresholds. Max income $125k gross per annum for single person and $200k for couple. BASED of taxable income on 2019 tax return or later. ( NOTE not current payslips) 7.Enter into Building contract from today June 4th till Dec 31 2020. Where total value of new property cannot exceed $750k ( value of whole property not just building contract) OR new renovation contract is between $150k and $750k ( where total completed value does not exceed $1.5m) 8.Construction must start within 3 months of signing building contract. 9. Will be for First Home Owners AND Existing Home Owners 10. Will be in addition to other grant and schemes if entitled 11. Will be administered by State Revenue Offices but process and forms yet to be supplied. Call me if your interested or want further information

19.01.2022 GOVT ANNOUNCEMENT- HomeBuilder extension ( check State revenue website) As recently announced, the HomeBuilder program will be extended to 31 March 2021. Changes to the HomeBuilder program include: A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive.... An extended deadline for all applications to be submitted, including those applying for the $25, 000 grant and the new $15,000 grant. Applications can now be submitted up until 14 April 2021 (inclusive). This will apply to all eligible contracts signed on or after 4 June 2020. An extension to the construction commencement timeframe from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be backdated and apply to all contracts entered into on or after 4 June 2020. An increase to the property price cap for new build contracts in New South Wales and Victoria to $950,000 and $850,000, respectively, where the contract is signed between 1 January 2021 and 31 March 2021, inclusive. o The existing new build property price cap of $750,000 will continue to apply in all other States and Territories. A change in licensing requirements and registration for builders and developers, as below o Where an eligible contract is signed on or after the 29 November 2020, the builder or developer must have a valid licence or registration before 29 November 2020. o Where an eligible contract is signed before 29 November 2020, the builder or developer must have a valid licence or registration before 4 June 2020. Other than the above, the existing program criteria applies. That is, the other existing eligibility criteria remains in place and the $25,000 grant will still be made available for eligible contracts signed on or before 31 December 2020. You will continue receive updates on HomeBuilder when more information is available.

18.01.2022 I should not laugh!!! HHAHAHAH

16.01.2022 Has Covid 19 affected how banks in Australia look at PAYG and wages earners income? Yes it has. !! Especailly certain industries, watch the video for the latest information

15.01.2022 RESERVE BANK KEEPS RATES ON HOLD The RBA has decided to keep the cash rate at 0.25 of a percentage point for the fourth consecutive month amid the Australian economy’s ongoing struggle with the coronavirus crisis. This was largely in line with expectations, with all of the 43 experts cited in the Finder RBA Cash Rate survey predicting no change. According to many experts, it is unlikely that the RBA will drop rates any time soon and is expected to continue supporting the econ...omy through other stimulatory measures until the full impact of the COVID crisis passes. AMP Capital chief economist Shane Oliver predicts the RBA is unlikely to be able to raise rates for at least the next three years. There is little to no value in taking rates to zero or negative, and given the recession, high unemployment, uncertainty about the recovery and inflation running way below target, it’s way too early to think about raising rates, Mr Oliver said.

12.01.2022 The Reserve Bank of Australia has announced its first rate decision for the year 2020. The Reserve Bank of Australia (RBA) has announced that it has held the official cash rate at 0.75 per cent in its first monetary policy board meeting for 2020. The full economic impact of Australia’s unprecedented bushfire season is also yet to be seen, in addition to the effect of the outbreak of the coronavirus on international markets, and both of these factors encouraged analysts to ame...nd their predictions for when the RBA would make the next cash rate move. Despite the hold, analysts continue to anticipate that the RBA will make further cuts to the cash rate in the coming months, following on from reductions in June, July and October last year

11.01.2022 Tips and tricks on Tuesday. Working from home now?? 3 survival tips.

11.01.2022 Bankwest announce their assistance packages to people in need. Please See details below, sorry about long post. Retail customer support Interest rate reduction > Bankwest will apply a 0.60% p.a. interest rate reduction to the Complete Fixed Home Loan Package for owner occupiers paying principal and interest. The reduced three-year fixed rate will be 2.33% p.a. (comparison rate: 3.51% p.a.*). ... > The reduced fixed rate will only apply to new three-year fixed applications for the Complete Fixed Home Loan Package for owner occupiers paying principle and interest that settle from 27 March 2020; and > Existing variable rate customers who wish to switch their interest rate to a fixed rate please contact broker to complete a switch form. Support for home loan customers Bankwest is providing additional support to home loan customers who may need assistance at this time with an option to defer home loan repayments for six months. Interest will be capitalised, and the remaining term will be extended to maintain a similar repayment to today. Customers will be able to apply for a deferral of home loan repayments through an online registration process, which is currently under development and will be made available as soon as possible. In the meantime, customers wanting to request a deferral of their home loan repayment can do so via secure messaging through Online Banking, the Bankwest Mobile App, or by calling us on 1300 134 107. However, please be aware we are experiencing high call and message volumes and customers can expect longer than usual wait times. Customers who are under immediate financial hardship and require assistance other than the six-month deferral of their home loan repayments, should contact Bankwest to discuss the support options available and what they mean for their individual circumstances. Further details can be found in the financial hardship section of the website. Business customer support Bankwest is also supporting small business customers who may be facing financial difficulty at this time with a specific package of support measures available which include 1% p.a. interest rate reduction for all new and existing variable business loans, effective 3 April 2020. These support measures will not be automatically activated and customers seeking assistance will need to contact Bankwest on call 13 7000.

10.01.2022 Has Covid 19 affected how banks assess loan applications for self employed people? Yes it has...

09.01.2022 Christmas cards Special offer! Buy 3 for $10 and get matching gift tags free! At the Kalamunda Artisan Markets this Saturday! Come and say hello

09.01.2022 Five suburbs where a mortgage is cheaper than paying rent By David Thornton March 11, 2020 Home ownership is all but a pipe dream for many Australians as they're kept out of the market by soaring property prices.... While this narrative holds true for major metropolitan areas, home ownership remains a reality in other parts of the country. New research from CoreLogic shows more than a third of properties across Australia have estimated mortgage repayments less than rental repayments. Five of these suburbs are: Leda, Western Australia (where 98.9% of individual properties are cheaper to buy than rent) Logan Central, Queensland (96.1%) Hackham, South Australia (93.9%) Lismore, New South Wales (88.9%) Glenorchy, Tasmania (85.5%) Great news for people in Perth dont you think?? https://infogram.com/portion-of-rental-properties-within-ca

07.01.2022 All Keystart borrowers. Help is here if you need it. Please call me or Keystart to see what your options are. Many banks have special packages out there with deferred payments up to 6 month ( but interest capitalises). Keystart have announced possibly waiving interest also. Talk to us please....if you are experiencing hardship.

04.01.2022 NEW comprehensive credit reporting was introduced in 2019. What does that mean for you really?

03.01.2022 As the third and biggest stimulus to employers/business being significantly impacted by the coronavirus, the Federal Government has announced the $130-billion wage subsidy, the JobKeeper Payment, which will allow businesses to pay their employees (including Self-employed) $1500 per fortnight, before tax. I have attached this document https://www.business.gov.au//coronavirus/jobkeeper-payment here which have all details you need to know about this payment and a link for you to register the interest for receiving the payment

02.01.2022 If you havent heard.... More help is here (long post again sorry) Government Stimulus Package #2... A multi-million stimulus package was announced by the Prime Minister over the weekend. 1. Employers who want to keep staff Not-for-profits and small businesses who employ staff with a turnover under $50 million will receive a tax-free cash payment of up to $100,000 tax free to help them retain staff and continue operating, with a minimum of $20,000. 2. Casuals and sole traders If you've found yourself affected by the economic downturn, you'll be able to access a "coronavirus supplement" of $550 a fortnight for the next six months. That's on top of other benefits so if you're already receiving payments through Jobseeker (formerly known as Newstart), you can claim both. Sole traders and casual workers who are currently making less than $1,075 a fortnight will be eligible to receive the full supplement. Sole traders or casual workers who have had their income or hours reduced by 20 per cent or more as a result of coronavirus will also be able to access to up to $10,000 of their superannuation tax-free. 3. Households If you're not eligible to receive the coronavirus supplement, you could still be able to claim a $750 stimulus payment. The payment will be made automatically from July 13 to about 5 million Australians, including those receiving the age pension, a carers allowance or family tax benefit and Commonwealth senior card holders. That's in addition to a separate $750 stimulus payment announced earlier this month. 4. Pensioners Deeming rates will be reduced by a further 0.25 percentage points to reflect the latest rate reductions by the RBA, which follows similar cuts made earlier this month. 5. Superannuation: Ability to take $10,000 this financial year and $10,000 next financial year you’re your Superannuation.