MoneyQuest | Property

MoneyQuest

Phone: +61 434 276 273

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24.01.2022 Happy Monday After a busy and (usually) costly holiday season, we thought this quote appropriate to help get your savings plan back on track!

24.01.2022 It's been a tough year - hang in there, change is coming!

24.01.2022 You read that right The mortgage broker channel has recorded its highest ever market share result with brokers settling 60.1 per cent of all residential home loans during the July September 2020 quarter, according to new data. The figures come in the latest data released by research group comparator, a CoreLogic business, which was commissioned by the Mortgage and Finance Association of Australia (MFAA). MFAA CEO Mike Felton said the result demonstrates the critical ro...le that brokers play in supporting their customers and the economy, and the impact they have made at a time when they were needed most. We couldn’t agree more! Source: Thanks to Annie Kane The Adviser, 26th November 2020 Read full article here http://ow.ly/8KWq50CvSHQ

24.01.2022 When is the best time to refinance?? Something we get asked often, and with home loan interest rates at a historic low, it must be a good time. Right? Not necessarily so. Refinancing is about a whole lot more than just the interest rate There is no ‘one size fits all’ answer It’s dependent on your personal situation and what’s going on in the world around. Consider what you want to achieve it might be consolidation, improved flexibility, or simply a restructure to suit your lifestyle. Ultimately the best deal for you will balance out your personal needs with what the market can offer. To discuss your options, contact us, your experienced MoneyQuest finance specialists. With access to all the latest market information, we can save you valuable time and possibly a whole lot of money

23.01.2022 Thank god it's Friday right? Before you switch off for the weekend - if you are considering purchasing a car soon, watch our video! It could help you in the future...

23.01.2022 The auction market has recorded its highest combined capital city preliminary clearance rate since March, despite record-low auction volumes in Melbourne, according to data. CoreLogic auctions data for the week ending 20 September has revealed that the combined capital city preliminary auction clearance rate came in at 72.4 per cent last week. There were 918 homes taken to auction over last week, which, while still significantly lower than the 1,983 homes taken to auctio...n this time last year, was higher than the 816 homes that went under the hammer over the previous week. The previous week recorded a preliminary clearance rate of 67.3%, which later revised down to 63.0% at final figures. This time last year, the final clearance rate was 70.7% across the combined capitals. Auction activity across Melbourne remains extremely low amid the lockdown to curtail the second wave of the coronavirus, with only 11 homes taken to auction. Of the results collected so far, all seven were successful, with five reported as selling prior to auction and two selling on the day. In the previous week, there were 600 auctions in Sydney, with a final auction clearance rate of 65.9%. This time last year, there were 646 homes taken to auction with a final success rate of 72.7%. (Source: Malavika Santhebennur, mortgagebusiness.com.au, 22 September 2020, thanks Malavika For the full article go to https://bit.ly/2ZVedEo )

22.01.2022 Have you heard of an ALI Loan Protection Plan? It’s an insurance policy that covers serious illness, injury and death. But, unlike many other plans, it pays you (or your family), not the lender. Did you know that over the past 12 months almost 1 in 2 first time home buyers presented with a Loan Protection Plan took out the policy. Yep! Why you ask? Well, a few reasons... all their savings had gone into the deposit so no buffer left if something were to go wrong;... fear of becoming seriously ill; have a young family and we’re worried about their future should anything tragic happen; their broker made them aware there wasn’t a plan B. All valid reasons! To find out more about an ALI Loan Protection Policy speak to us. You’ve worked hard to buy your home so let us help you protect it (Source: ALI September 2020, T&Cs apply)

21.01.2022 Do you love styling your home, but don’t always have the budget you need? You’re not alone. The good news is that Insta-worthy houses don’t have to cost the earth. In fact, with these clever tricks and tips you can achieve the stylish home you crave with money left over to spare! Check out our lasted blog post for a little styling inspo https://www.moneyquest.com.au//styling-on-a-budget-quick-/

17.01.2022 From our family to yours...

16.01.2022 Spring is in the air and with the promise of fresh flowers and brighter days comes the guarantee that more properties will hit the market. Do you know what experts are recommending for the selling season? Get your finances under control before you get to that ‘ready to buy’ stage. There are a few things you need think about Is your budget in order? Have you got a regular saving schedule in place? Do you have the deposit in savings? Do you have pre-approval in writing? A...re you going to go with a fixed or variable rate? Do you know what conditional approval is? Is this sounding like a bit too much? Then we have another option call one of our brokers and they’ll organise the rest. That sounds better!

14.01.2022 It can be discouraging to look at place after place and just feel, well, nothing. But, don’t get discouraged. When you find it, you’ll know and all of the house hunting would have been totally worth it!

13.01.2022 When talking home loans for the self-employed there are so many questions to be answered How many years do you have to be self-employed to get a home loan? How do you qualify for a home loan if you are self-employed? What income can be included for a home loan ? How much can I borrow? Do lenders look at your gross or net income? All great questions, and we’re sure you have more... well, we have the answers! ... So, it’s now time to call a MoneyQuest broker (us) to talk about your self-employed home loan options, and have all your questions answered

13.01.2022 Who owns a Tesla... OR wants to? We hope this quote from Elon Musk (product architect of Tesla) gives you some motivation for your day! P.S. If you need a Tesla financed, you can come to us

13.01.2022 Victorian home buyers make a comeback! Mortgage commitments for owner-occupiers in Melbourne surged in November, as the country as a whole experienced record loan approvals. According to the Australian Bureau of Statistics’ (ABS) Lending Indicators data for November 2020, the value of mortgage approvals across Australia swelled to a new record high in November, surpassing $24 billion.... If you are ready to make your move in 2021 contact us, your local MoneyQuest finance specialists. Full article here http://ow.ly/Rjkh50DaU4a thanks to Annie Kane.

12.01.2022 This time of the year is hectic for most, and something like refinancing your home loan is not at the top of the to-do list! We get it. But with the new year just over a week away, and we can finally say goodbye to 2020, looking at ways to save to be in a better financial position will be back on top of the list. When the time is right, refinancing your existing home loan is one way to potentially save thousands of dollars, yes thousands of dollars! ... What is refinancing It’s taking out a new loan to replace and pay off your existing loan. It aims to secure a better ongoing rate and save money. There are some great options available with interest rates at a historic low and lender cashback offers available. For more info on refinancing check out our latest blog https://www.moneyquest.com.au//when-is-the-best-time-to-r/

11.01.2022 Are you self-employed It certainly does have its perks and freedoms that employees don’t get, though when it comes to purchasing a home it can become more of a hindrance than a perk Have you heard of an alt or low doc loan... No? Well, this type of loan might be the solution you’ve been looking for To find out what we’re talking about check out the article below (click link ) or call us , your local MoneyQuest finance specialists, to have your questions answered...... https://www.moneyquest.com.au//get-the-low-down-on-low-do/

11.01.2022 Being self-employed has its benefits , but it also has its challenges especially when it comes to finance As specialists in the self-employed finance space we know that your financial statements may not be up-to-date; perhaps not reflect your business's current performance; or may be a little complex... yep, we get it !! Our self-employed products offer a range of alternatives to the usual financial statements required by most lenders, including income verification by a...n applicant declaration They are designed for you, the self-employed business owner so call for a chat, what do you have to lose... you could be calling a house a home sooner than you think

08.01.2022 Do you have multiple loans... credit cards, a car loan, a personal loan? Juggling all the individual repayments? Have you considered debt consolidation? Instead of paying off several debts at varying interest rates, we can consolidate your debts into one larger one. This way you end up making one monthly repayment, and usually at a lower interest rate. Like to know more? Gives us a call!

08.01.2022 2020 was a challenging year leaving an indelible mark on each of our lives. Impacting us in ways we couldn't even think of, having to adopt ways and means of living and working that were not a piece of cake to adapt to. But today, on the first day of the new year, we can only reflect on the things that 2020 taught us cherish each moment of life, not take it for granted, spend time with loved ones, expect the unexpected, overcome, and keep going despite being faced with extraordinary odds. Now' it's time to look forward to a brighter 2021.

07.01.2022 Have a great week!

07.01.2022 Are you self-employed? Did you know that a MoneyQuest broker can assist with loan products that have alternative methods to validate income? While the introduction of stricter lending practices over the past couple of years have had an influence on self-employed borrowers loan requirements, it’s still possible to secure a loan and purchase your dream home (within reason of course). Like to know more

07.01.2022 Here is some GOOD news stated by the Reserve Bank of Australia (RBA).... economists predict a stronger economic recovery is possible if faster progress in controlling the virus is achieved in the near term. A series of positive health outcomes would help limit the damage to consumer and business confidence and support a more rapid economic recovery. What does this finance mumbo jumbo actually mean HOPE IS ON THE HORIZON! The RBA has decided to continue holding the low ra...te of 0.25%, the minimum cash rate (or interest rate) that banks could apply to their financial products (home loans, credit cards etc.)! So, how does this benefit you Let us tell you... Many banks are sharpening their home loan offering, keen to attract clients. This could potentially save you money by getting a lower rate as the lenders fight for your business. So, make the time and contact a Money Quest broker and let our experienced team help navigate your way through the many options now available!

06.01.2022 With the festive season knocking on our doors, we wanted to share a few ideas on how you can join in on the fun in a sustainable way! Check out our latest tips & inspo article https://www.moneyquest.com.au//festive-fun-the-sustainabl/

06.01.2022 A little humour for your Monday...who else feels the same?

05.01.2022 Stamp duty waiver

05.01.2022 To all our self-employed business owners - resilience is key, keep on going!

04.01.2022 Identify your 'one thing'!

04.01.2022 Yay it's the weekend... though for some of us every day seems like a Sunday thanks to lockdown. Regardless of where you live there is a buzz of spring in the air , so we wanted to share our top five spring home maintenance tips to get you outside to enjoy some rays! Check out our last blog post https://www.moneyquest.com.au//five-seasonal-home-mainten/

04.01.2022 IMPORTANT ANNOUNCEMENT Attention Victorian Home Buyers - did you hear the great news?? Stamp Duty discounts until June 30, 2021 That’s right! At the state budget announcement earlier this week, the Victorian Government shared they would waive 50% of stamp duty costs on newly built or off-the-plan homes valued at up to $1 million Existing homes will be eligible for a 25% waiver. Another great reason to talk to your local MoneyQuest mortgage broker (us) to discuss turning your dream of home ownership into a reality

03.01.2022 Are you wanting to buy a home, either to make memories of your own or perhaps for others (aka to live in or rent out ). Have you considered getting a pre-approval so you know what you can afford Sounds like a plan, right! Getting a pre-approval is an easy process that allows you to better understand your lending position. An obligation-free way to estimate what you are able to borrow from a lender before you make an offer on a property. ... So, before you head off to view that perfect home... stop call us and let’s talk numbers

03.01.2022 If you’ve been house hunting recently our guess is that you are a little confused about which grants you might be eligible for ... are we right Well, don't just sit there wondering, we have the answers Whether buying for the first time or looking for your next home, you may be eligible for a grant or two To have your questions answered contact us, your local MoneyQuest finance specialists

02.01.2022 Did you know the HomeBuilder Grant provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home? Here are the answers to some frequently asked questions https://www.moneyquest.com.au/n/homebuilder-grant-of-25000/ BUT to find out if you tick all the boxes let’s chat.

01.01.2022 Did you know that fortnightly loan repayments are better than monthly loan repayments? In fact, as interest is calculated daily, the more frequent payments you make, the more you could save in interest over the life of your loan. Repaying fortnightly (or better still weekly) can help you pay off your mortgage years earlier, potentially saving you tens of thousands of dollars in interest. ... Still not convinced Perhaps our repayment calculator might help https://www.moneyquest.com.au//fortnightly-repayment-calc/