Miller Finance in Mullumbimby | Mortgage brokers

Miller Finance

Locality: Mullumbimby

Phone: +61 427 272 853

Address: 1446 Coolamon Scenic Dr 2482 Mullumbimby, NSW, Australia

Website: http://millerfinance.com.au/

Likes: 4482

Add/Update information

Reviews

Tags

• Property
• Mortgage brokers

25.01.2022 Home Loans Just Got a Whole Lot Easier Better Rates - Lower Fees - Cashbacks 100% Free Service to You We Work for You NOT the Banks Quick, Easy & Seamless Process... All at a Time/Place that suits You Find Out More :- https://tinyurl.com/wt638xw See more

25.01.2022 ATTENTION: The Whole Home Loan & Refinance Process Just Got EASY!!! Find Out More:- https://tinyurl.com/vgtmrnq Reserve Bank Sets Cash Rate at 0.75% - This Is a 30 Year Low We Have Access to Hundreds of Lenders and Loans Lowest Rates... 100% FREE Service No Charge to you Ever STRESS FREE I HASSLE FREE I CONVENIENT I SAVES YOU TIME The Best Rates I The Right Lender I The Lowest Fees WHY USE A MORTGAGE BROKER? Convenience Nearly 60% of Australians are using a mortgage broker to get their loans approved from the comfort of their own home at a time that suits them no more hassle to get to the bank only to be messed around we work with you and make the whole process easy and seamless. Save Time We can quickly assess the right way forward for you the right loan the right lender usually it’s a 1 Hour meeting - Easy No Charge Our Service is totally FREE to You No charge EVER Experts We are finance professionals and active members of the Finance Brokers Association of Australia (FBAA) we operate under the National Consumer Credit Protection Act . Documentation We guide You through the whole process making it quick and easy to get Your loan Approved Approval We’ll match you and your circumstances with the right lender and the best product Brokers are more likely to get your loan approved the first time. To Find Out More, Simply CLICK - https://tinyurl.com/vgtmrnq

24.01.2022 Find Out More Click Here:- https://m.me/MillerFinance?ref=w9478841

23.01.2022 Time To Beat The Banks

22.01.2022 It's interesting to watch the Big 4 banks go at each other at the moment - rates are still dropping and cash rebates of up to $4,000 are being thrown about to get business off one another, strange times indeed. The reality is that there are around 6 million residential mortgages in Australia, there have been numerous RBA cash rate drops in the last 12 months, banks aren't real good at passing on full rate cuts - they love to play on customer complacency - and they make billio...ns in extra profit each year from exactly that. How do I know that?? Becuase only 3% of Australian mortgage holders have refinanced in the last 6 months. I see people all the time still paying over 4% - there are some big savings when you can move them to 2.6% with a cashback - this can take years off a mortgage. I love getting my clients the sharpest deals because the effects can have huge impact on their lives. It all comes down to exponential effect of compound interest - simple as that.

20.01.2022 Home Loans Just Got A Whole Lot Easier 100% Free Service to You Better Rates-Lower Fees-Cashbacks We work for You - NOT the Banks Quick, Easy Seamless System to get Your finance Sorted... All at a Time & Place that suits You STRESS FREE I HASSLE FREE I CONVENIENT I SAVES YOU TIME The Best Rates I The Right Lender I The Lowest Fees We work for You Not the Bank WHY USE A MORTGAGE BROKER? Convenience Nearly 60% of Australians are using a mortgage broker to get their loans approved from the comfort of their own home at a time that suits them no more hassle to get to the bank only to be messed around we work with you and make the whole process easy and seamless. Save Time We can quickly assess the right way forward for you the right loan the right lender usually it’s a 1 Hour meeting - Easy No Charge Our Service is totally FREE to You No charge EVER Experts We are finance professionals and active members of the Finance Brokers Association of Australia (FBAA) we operate under the National Consumer Credit Protection Act . Documentation We guide You through the whole process making it quick and easy to get Your loan Approved Approval We’ll match you and your circumstances with the right lender and the best product Brokers are more likely to get your loan approved the first time. To Find Out More, Simply CLICK:- https://tinyurl.com/wt638xw

11.01.2022 Brisbane Property Market Red Hot December 2021 saw a house price increase of over 10% - capping off an overall rise in 2021 of over 25% - this represents the sharpest increase in nearly 20 years. House prices in Brisbane increase at 7 times the rate of units and apartments - which could no doubt affect potential investors buying decisions. The biggest market segment this affects is the first home buyers - with 2021 seeing a 25% decrease in the number of first home owner loan...s - to put it simply first home buyers keep getting priced out of the market - which is indeed disappointing. That decrease has been offset by a similar increase in investment loans. We would envisage prices to remain very solid at least in the short term based on the fact that the supply of properties for sale is over 40% below the average supply in the region. Once again - the fundamental rules of supply and demand are coming to the fore. It could be argued that short supply will continue as migration increases in the post Covid world as well as supply issues with building materials continuing to slow the construction industry - I know many builders at wits end around completing jobs due to material issues.

08.01.2022 Interesting discussion going in with the powers that be relating to the lending assessment rate buffer. For the unititiated the assessment rate buffer(usually 2-2.5%) is adding to the calculations when you apply for a loan - eg. if you can borrow at 3% then you income will need to service 5-5.5% for the lender to approve the loan - it is part of responsible lending practices to ensure the custome can deal with interest rate rises. The rub at the moment is that the RBA gover...nor has openly stated he can't see interest rates going anywhere soon - which prompts others to question why the buffer is so high and therefore should be reduced - which essentially would make the amount people can borrow bigger - which opens up another 'can of worms' in terms of overpriced property - too much household debt etc. Cheers Steve Click here to find out more:- https://tinyurl.com/wt638xw See more

04.01.2022 More Millionaires Anyone?? The median house price for Australia’s combined capital cities has reached over a million dollars. Domain is of the opinion that market growth may have already peaked. The latest research from Domain has indicated the combined median price across Australia’s state capitals has breeched $1 million for the first time, except Perth and Darwin.... The December quarter saw a rise of a whopping 6.5%. This equates to an annual rise last year of over 25%. House prices have risen three times faster than units over the past year. The reasoning that prices may have peaked is also supported by looking at macro economic factors - such as increases in cost of living, supply issues, fuel prices and overall sharp increases in inflation along with the uncertainty of the pandemic finishing and what is in store for us next.

26.12.2021 Whingeing at BBQs!!

19.12.2021 Property to Keep Rising in 2022?? I'm finding a lot of property pundits coming out and making the claim that the property market still has some run left in it - albeit at a slower clip than 2021. So - we are likely to see more modest (less crazy) price increases - particularly as this is an election year - generally the property market stalls as soon as an election is called. Investors will be more likely to re-enter the market in 2022 as prices stabilise and yield increase ...making investment property purchases more appealing. Another thing likely to increase is residential rents - the run in property values along with a housing shortage has meant that rents are moving up as well - in some areas, finding a place to rent is akin to winning the lotto. The eventual end to the pandemic will also likely result in migration levels increasing which will also place demand and price pressure on the property market. Finally, more potential volatility in the stock market will also see property as a safer haven for investors. Add it all up and predicted price rises will be more moderate but the bubble isn't going to burst just yet.

11.12.2021 Interest Rate Hikes Coming?? Westpac has forecast two rate hikes in August & October 2002 amounting to a total of around 0.4%, this comes about due to the expectation the Reserve Bank will start lifting the cash rate in August. The current cash rate is at the historically low rate of 0.10%, logic would indicate that this can't continue on a long term basis and at some stage must return to a more 'average' figure.... Some economic pundits are are hinting at a Reserve Bank cash rate of 1.75% by 2024 - this could add around $500 per month to the average $500,000 mortgage - which could be a worry for a lot of people, bearing in mind that current mortgages are generally larger due to the nature of the current property market and big prices buyers are paying. The dramatic rise of inflation in the US is leading to increased interest rates over there - so it follows that we will follow at some stage although likely to a lesser extent based on current circumstances.

23.11.2021 Sneaky Bank Tricks and how to avoid them.

06.11.2021 Has The Australian Housing Market Peaked Yet?? Well - this really is the $64,000 question isn't it? After successive years of double digit price growth - you could be lulled into a sense of false security that prices are going to keep rising - and you might be right BUT most likely only for the short term. The thing is - I don't truly believe in many things but one thing I believe completely is the concept of 'reversion to the mean. If we look at property price graphs we se...e a steep transition over the last number of years as opposed to the average long term gradient - put simply - this can't last - what goes up must come down. When and where? Time will tell but you would have to thing that surely the market is running out of puff and critical mass of property craziness - people buying houses sight unseen and auction reserves being smashed by many thousands of dollars. The catalyst for change will most likely be the macro economic drivers of inflation and rising interest rates, throw in the pandemic recovery and the flattening of prices makes more sense Indeed, time will tell.

02.11.2021 Banking Regulator Concerned APRA has expressed concern about the sheer amount of debt that people are getting into with the number of loans in excess of a debt to income (DTI) ratio of 6. Most lenders now prefer applicants to keep their loan at 6 or below - loans above this are regarded as higher risk with co0nsumers having less of a buffer in the event of interest rate rises. Inflation is becoming the buzzword around the traps - pressure is on living costs and this is expec...ted to be exacerbated by world wide supply chain issues. Inflation is increasing in the US and this will have a knock on effect throughout Western economies. The red hot Australian market has involved a big increase in average loan size corresponding to higher house prices. Where this will end nobody knows - but big inflation increases will flow onto interest rates which will then impact the housing market and put downward pressure on prices.

15.10.2021 When Will It End?? The Australian property market has continued it's all time unprecedented tear in the last 12 months - added an average 22% to the house prices nationally - amazing. The truly amazing thing is that it doesn't look like stopping. Another key factor is that Covid has effectively stopped immigration into Australia. Think about the sheer number of capital immigrants waiting and wanting to move to Australia - these are people who have a minimum of $1m to mo...ve into Australia under the capital migration scheme. A supply chain issue in the building industry is also putting a lot of pressure on the construction industry in that - material shortages are massively impacting the number of houses being build - builders are tearing their hair out. There are signs and hints that interest rates will be on the rise in the shorter term - how much impact this will have - remains to be seen.

05.10.2021 It seems like only yesterday that the mortgage broker introduced loans accounted for about one third of residential home loans in Australia - the rest being written directly from customers going straight to the bank. New information now indicates that 67% of all home loans written in Australia are now written by mortgage brokers - this is an incredible turn around. Why so??? Ease, convenience, dealing with someone independent who works for you??... Yes, yes and yes - all true, but the overall guiding light is that a mortgage broker will have a broad panel of lenders and can easily scan the whole market and find you the best deal suited to your needs and goals - all from the comfort of your own home without getting messed around by some bank employee who is scrambling to meet KPIs and sales targets. A good mortgage broker becomes your finance 'go to' contact who 100% works for you and has your best interests at hear as opposed to shareholder returns and bank profits!! Let that one sink in for a bit. A report done several years ago by Access Economics displayed that the mortgage broker channel effectively meant that customers were generally 1.5% better off on the home loan rate due to the large increase in competition - mainly because it allowed smaller banks to compete against the big guys and their branch network.

01.10.2021 Five Reasons to Use a Mortgage Broker For most people, buying a home or an investment property are the biggest financial investments of their lives. A mortgage broker can help streamline the costly and confusing process, while saving you valuable time and money. Here’s how: Simplifying the home loan process... While this is an overwhelming first-time experience for you, your mortgage broker can efficiently guide you through the entire process, from the application to the property settlement. With their assistance, you can handle all the complexities of paperwork and legal details. They can also give you the right advice to ensure your application is approved promptly. As a result, you have the peace of mind of delegating the process to an expert who will keep you informed every step of the way. Fast comparisons With so many banks and lenders offering different deals, it can be difficult to figure out which is the right loan for your situation. While a bank will only promote their own products, your mortgage broker has the experience and the contacts to compare a wide range of lenders and products, to identify the right package for you, based on your individual situation. They can decipher the financial jargon for you and explain the pros and cons of various home loan features, so you can confidently make an informed choice. Direct service As your mortgage broker regularly works with various lenders, the application process can be several days faster than going to a bank directly. Best of all, you are dealing with one point of contact, rather than whichever member of the bank’s credit team takes your call. This gives you the benefit of securing the loan features that are best for you, based on your circumstances. Better value from your property investment When an expert oversees your choice of loan, you reap the long-term benefits of better interest rates and the right flexibility for your personal situation. The right loan can take years off your mortgage while cutting down your interest payments. In comparison to the significant savings, the cost of a mortgage broker’s fee is negligible. In the US and UK, mortgage brokers charge around 1-2% of the total loan, while in Australia, mortgage brokers are paid by lenders so there is no cost to the client. Specialized assistance If your situation is a little more complex than a standard home purchase, a specialized mortgage broker can help you through the process. Whether you need assistance with property investing, commercial properties or a hobby farm, there is a mortgage broker who knows exactly how to help you. There are also mortgage brokers who specialize in assisting people with individual challenges that might deter lenders, such as bad credit, non-residential status or contract employment. See more

12.09.2021 Commercial Finance Mistakes One of the most common commercial finance mistakes we see is businesses is not using debt correctly. Using various analytical tools & financial ratios both in your profit & loss and balance sheet we can quickly determine the right level and mix of funding relevant to your business. ... This is particularly relevant when a business is in the growth phase, obviously most start up businesses rely heavily or totally on equity effectively bootstrapping until such a time as funding is available and a lender will give you a go. A major key to business success is the smart use of debt using OPM other peoples money best facilitates scale and growth in most businesses. Analysis of equity quite often reveals it is more efficient to use lower priced debt than your equity which can be deployed better elsewhere particularly in terms of non-business wealth creation. What are your financial statements telling you about your debt levels??

06.09.2021 Return on Equity - Needs to be High For businesspeople - it comes as a surprise that you need your return on equity to be a minimum of 20% per annum. Whilst it could be argued that this seems a lot - but when we look at the risk, time and effort involved to be in business to get anything less means your capital could and should be used elsewhere. ... During the initial stages of building a business the majority of businesses are self funded because quite often there is little scope to obtain finance and the notion of risk being too great to engage finance usually because the business is still unproven at that stage. As your business matures and grows funding becomes available because you have a track record and supporting documents to prove your loan worthiness. This is the time to consider your equity position and how well it is being used and your overall return. Quite often - we see that this results in businesses being undercapitalised & its important to get around the ‘all debt is bad’ paradigm that a lot of people have & the need to differentiate between good debt & bad debt.

02.09.2021 Is your finance aligned with your cash flow?? We see it time and time again where the variations in yearly cashflow aren’t aligned with the right finance products. All too often clients are too obsessed with interest rates whereas a higher rate product might be more applicable for the few months where cashflow spikes or toughs come into play and the lower rate product based at a lower level to cover the average months An excellent analysis to which looks at cashflow is piano... key analysis which analyses cashflow & looks at monthly variances, particularly with seasonal businesses - this enables us to find the right mix of funding. Commercial credit assessors are huge on cashflow analysis & rightly so - because cashflow is the lifeblood of any business & key in demonstrating the ability to service debt.