Loan Market Michael Vasilaras in Cheltenham, Victoria | Financial service

Loan Market Michael Vasilaras

Locality: Cheltenham, Victoria

Phone: +61 411 708 072

Address: 5/328 Reserve Rd 3192 Cheltenham, VIC, Australia

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Likes: 124

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• Financial service
• Mortgage brokers

23.01.2022 Post from yesterday not coming through feed for some reason, so just sharing.

21.01.2022 Just a little bit of a feel good Friday post. We spent over 2 years working with Carolyn - from assisting her with her first steps in setting up initial goals and targets to be able to buy, to tracking these goals, to the goals moving and applying for finance with her partner when ready and then assisting in their property search until they bought and settled. Carolyn sent me an email shortly after her and Dale settled on their property with the below email and some awesome p...ictures of their proposal. Always nice when you see the real world results of all the work we put in with each person that walks into our office. Thank you for the awesome email and congrats again Carolyn and Dale!! #brokersworkforyou

12.01.2022 It's always nice when you receive an email that starts with 'Congratulations! Your hard work has been rewarded'. I've been shortlisted as a finalist for the Young Professional Award for the MFAA Excellence Awards. Winner's will be announced on 6th of June. Thank you to all our awesome clients for allowing us to help them reach their goals. Thanks also to LoanMarket and the team.

05.01.2022 Hi all - huge update in the finance world which will increase your chances and ability to borrow greatly. So if you were struggling with the tightening policies over the last few years - now would be the time to review. The news is around the lender assessment rates (the rate in which a bank stress tests your borrowing capacity). You may have seen news around APRA advising they were loosening their grip on the mandatory base assessment rate lenders have to follow. Now APRA ar...e allowing lenders to determine their own base rate. We had a false start with Westpac a couple weeks ago, however we've just had the first lender (ANZ) officially announce details on dropping their base rate from 7.25% down to 5.5%. This is a huge decrease, which could increase borrowing capacity by over 10% depending on scenario. There are some terms and policies around this, so reach out if you have any questions. So not only are we seeing the lowest rates ever with the two back to back rate drops over the last month, but now with the base assessment rates coming down, we're going to see borrowing capacity increase allowing borrowers the chance to reach their property and finance goals. I will keep you all in the loop with the changes lenders will be bringing out, but don't hesitate to reach out if you have any questions or would like a review. Michael Vasilaras, LoanMarket - 0411 708 072