MoneyQuest in Melbourne, Victoria, Australia | Mortgage brokers

MoneyQuest

Locality: Melbourne, Victoria, Australia

Phone: +61 433 830 704

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25.01.2022 Lower interest rates mean lower repayments YesYou heard right Just talk to Hasitha and get the answers for all the questions ... Hasitha Basnayake 0433 830 704

24.01.2022 Yep, another fancy acronym - LMI, or Lenders Mortgage Insurance. A fee you, the borrower, pays to the lender if you have less than 20% as a deposit. It protects the lender in the event you default on your home loan, importantly ...it does not protect you Heres the detail on LMI and ways to avoid paying it https://www.moneyquest.com.au/n/lenders-mortgage-insurance/

23.01.2022 Deposit ? . Are you wanting to buy a home but struggling for a deposit , this might be the answer a Family Guarantee loan. A Family Guarantee loan is a way for immediate family members, like parents, to help you purchase a home without them providing cash for a deposit. Your family members can use the equity in their own home to provide additional security for part of your loan amount ... Are you eligible, Contact Hasitha, your local MoneyQuest broker, and lets find out Hasitha Basnayake 0433 830 704

22.01.2022 ? HomeBuilder Grant The recent announcement of the HomeBuilder grant is certainly being talked about - but perhaps for the wrong reasons, Weve compiled a list of our top FAQs to hopefully make it a little easier to understand Click on the link to access the FAQs http://ow.ly/tMzh50A3wsn... I can help you with all of your questions Hasitha Basnayake 0433 830 704

22.01.2022 As the old saying goes, no matter how many times life knocks you down... always remember you can get back up again!

21.01.2022 Are you wanting to buy a home but struggling for a deposit , this might be the answer a Family Guarantee loan. A Family Guarantee loan is a way for immediate family members, like parents, to help you purchase a home without them providing cash for a deposit. Your family members can use the equity in their own home to provide additional security for part of your loan amount Are you eligible, Contact Hasitha, your local MoneyQuest broker, and lets find out... Hasitha Basnayake 0433 830 704

21.01.2022 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 theyll organise the rest. That sounds better!

20.01.2022 Can I help you reach your dream of buying your own home ? Contact Hasitha, your local MoneyQuest broker Hasitha Basnayake 0433 830 704

20.01.2022 CBA, NAB, ANZ, ING, ME... what do these all have in common? Can you guess? No not some weird alphabet, these are all well known modern day banks. Have you ever wondered where the bank was invented? Have a read of some fun facts below: The earliest recording of a bank has been said to have started in ancient Mesopotamia (Mesopotamia was the ancient name for what is now Iraq, the land between the Tigris and Euphrates Rivers). Although, a lot of this was not in the form of f...inancial lending, instead banks would lend out seeds and the like. Historically temples were considered the earliest forms of banks as they were occupied by priests and became a haven for the wealthy. Perhaps the biggest changes to the world of banking came in the 17th to 19th centuries, particularly in London. The first proper modern day bank could be said to be the Goldsmiths of London. People would deposit their precious materials into these vaults, and they would be able to collect them. Over time, Goldsmiths started to provide loans. Also, did you know the word bank derived from the Italian word banco, meaning a bench, since Italian merchants in the Renaissance made deals to borrow and lend money beside a bench. Now thats interesting!

20.01.2022 We couldnt agree more! Always go above and beyond, you never know where it might take you!

19.01.2022 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

19.01.2022 ? $25,000 HomeBuilder Grant 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 lets chat. ... I can help you with all of your questions Hasitha Basnayake 0433 830 704

18.01.2022 Interest rates are at an all time low, and lower interest rates means lower repayments. Are you paying more than you should? A simple home loan health check is the answer! Hasitha Basnayake 0433 830 704... Let me help you alleviate stress within your finances and begin enjoying that extra pocket money for the things that are truly important in life. What do you have to lose (its free!), and you could possibly be saving thousands of dollars! Message us to secure your FREE home loan health check.

17.01.2022 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/

17.01.2022 Its been a tough year - hang in there, change is coming!

16.01.2022 Identify your 'one thing'!

16.01.2022 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!

16.01.2022 Want to know something interesting? August is Inventors Month! Have you ever thought about when the "mortgage" was invented? Or where the word mortgage derived from? Read below some fun facts about the invention of the mortgage: 1: Mortgages that we are familiar with nowadays have only been around since the 1930s, but the idea of a mortgage has been around for a lot longer. 2: Mortgages are mentioned in English common law documents that take back as far as 1190! ... 3: The meaning of the word mortgage comes from Latin. It is merged from two Latin words, mort and gage. Mort means death and gage means pledge, so the word mortgage means dead pledge. But dont let that scare you! The dead part of the mortgage doesnt refer to a person, it refers to the idea that the pledge died once the loan was repaid, and also the idea that the property was dead (or forfeit) if the loan wasnt repaid. Now thats interesting?!

15.01.2022 It can be discouraging to look at place after place and just feel, well, nothing. But, dont get discouraged. When you find it, youll know and all of the house hunting would have been totally worth it!

15.01.2022 HomeBuilder Grant ? The recent announcement of the HomeBuilder grant is certainly being talked about - but perhaps for the wrong reasons, We’ve compiled a list of our top FAQs to hopefully make it a little easier to understand ... Click on the link to access the FAQs http://ow.ly/tMzh50A3wsn I can help you with all of your questions Hasitha Basnayake 0433 830 704

15.01.2022 We can help you to reach your dreams Contact Hasitha, your local MoneyQuest broker Hasitha Basnayake 0433 830 704

14.01.2022 Alt-doc loans cater for people who are self-employed and can’t provide the traditional up to date proof of income information lenders usually require. Simply - it’s as the name suggests, providing ALTernative DOCumentation for evidence of your income. Talk to Hasitha for more information Hasitha Basnayake 0433 830 704

13.01.2022 Why are so many people confused about interest rates? We know that to most people finance is boring, ask them about interest rates and their eyes will glaze over. Rightly so, a simple product like a home loan has many variables to consider before you find the rate that best suits your needs. For example did you know owner occupied home loans are priced differently to investment loans. Then there are further differences based on whether you want either Principle ...and Interest repayments or Interest Only repayments. On top of that, new borrowers are usually offered better rates than existing customers from the same lender. Also if your loan is over a certain dollar amount, you can get a variety of interest rate discounts. Even being a member of some selected organisations can get you a discount. Then there are fixed rates, each with their own rate linked to the length of the fixed term. We should point out that these variations apply to almost every lender, the number of choices is staggering. So, we do understand why it can be somewhat confusing. The good news? You dont have to stress over it, its our job to know the detail, were here to make it easy for you!

13.01.2022 Thinking of doing some home improvements to maximize your investment? Or Thinking of building your dream home? Talk to Hasitha for more informationI can help you ... Hasitha Basnayake 0433 830 704

12.01.2022 Moving house can be a real headache, and a tad stressful. There is so much to do, so many things to pack and so many places to notify. Heres some tips to help reduce the stress... https://www.moneyquest.com.au//the-best-way-to-manage-a-m/

11.01.2022 OK, we are sure you have read that refinancing an existing home loan can help in so many ways. If you are thinking of refinancing, here are five things you need to consider: ONE: Interest rates, be mindful that these can fluctuate and are subject to change. TWO: Fees, refinancing comes at a price. Take a deep dive and fully understand the real cost of the change.... THREE: Lifestyle changes, whether you might face challenging circumstances such as loss of income or a job change. FOUR: Long-term plans, consider how long you plan to be in your property so that you can reap the financial benefits of the change. FIVE: Talk to a mortgage broker, have all your questions answered. Interest rates, cash-backs, grants, schemes, fees, stamp duty, the list goes on; they have the answers.

11.01.2022 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

10.01.2022 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 lets chat.

10.01.2022 Thinking of doing some home improvements to maximize your investment? Or Thinking of building your dream home? Talk to Hasitha for more informationI can help you ... Hasitha Basnayake 0433 830 704

09.01.2022 How much LMI (Lenders Mortgage Insurance) you pay, and whether you have to pay it at all is dependent on a few things, and yes size does matter! STOP PRESS more BREAKING NEWS... lender announces $1 LMI, yes ONE DOLLAR. How much might you save? Well, the amount you borrow will impact the amount of LMI you pay because LMI is worked out as a percentage of the loan. A loan of $500,000 on a property worth $550,000 will incur a LMI fee of approximately $13,500. Whereas the sam...e property with a loan of $490,000 will only incur a fee of approximately $9,500... so you would save A LOT! Call to find out more about this offer (T&Cs apply). P.S. LMI covers the lender, not you, ask me about a loan protection plan.

09.01.2022 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/x3s350CvSHy

09.01.2022 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/ I can help you with all of your questions Hasitha Basnayake 0433 830 704

08.01.2022 Buying your dream home is one of the biggest and most exciting purchases you are ever likely to make. Saving the necessary deposit can be difficult without making a few adjustments to your finances. The first port of call is to look at how much you want to spend, how much you already have saved and any additional fees and charges that you may incur when making your purchase. Budgeting helps manage your spending and regular outgoings and allows you to direct the surplus... into savings. When preparing your budget, it is important to consider your current financial situation by working out your priorities how much you need for basic living expenses and the little things that you can do without. To find out how much you can put away regularly to meet your home ownership saving goal you need to set a budget. Our handy budgeting tool (link below ) works out where your money goes and how much you should have left over. https://www.moneyquest.com.au/h/calculators/budget-planner/ Once youve got your budget in order youre well on your way to realising your home ownership dream

08.01.2022 Thinking of buying your first home ? Worried that being Self-employed will make it harder to get a home loan ? There are many ways we can help you to achieve your goal. Talk to Hasitha Basnayake 0433 830 704... MoneyQuest Greenvale https://www.moneyquest.com.au/broker/hasitha-basnayake/

07.01.2022 Eyeing off that dream home!? Dont give up, keep on visualising it and it could be yours soon!

06.01.2022 Loans Credit Cards ? Debt Consolidation ? Do you have multiple loans... credit cards, a car loan, a personal loan? Juggling all the individual repayments? ... Could Debt Consolidation be the right solution for you? 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. I can help you with all of your questions Hasitha Basnayake 0433 830 704

06.01.2022 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!

05.01.2022 Australian home owners who are experiencing financial hardship have options that may help during troubled times. If this is not you (thankfully), but you know of someone that is struggling, please share the below information with them. Pause Your Home Loan Repayments If you ever experience financial hardship, particularly due to COVID-19, you may apply with your lender to put your home loan repayments on hold for up to six months. Please note, interest will continue to be... charged and added to your loan during the period your repayments are paused. This means that your home loans will be charged interest on interest. However, if you do require immediate financial assistance, this is one option that can help preserve your money until you get back on your feet. Consolidate Your Debts To reduce your overall monthly commitments, you can apply to roll up all of your debts into one loan with the intention of reducing your overall monthly repayment. Redraw Facility If your home loan has a redraw facility and you have made additional repayments, you may have accumulated a buffer that you can now redraw to assist you in your period of hardship. Reduce Your Repayments Given the recent reduction in home loan interest rates, your present repayments may be higher than the minimum required. There are people to talk to, your bank or a mortgage broker, you are not on your own.

05.01.2022 Another month, another RBA announcement. As we anticipated, the RBA has continued to maintain a low cash rate of 0.25%. What exactly does this mean for you? The RBA continues to keep the cash rate low, thus providing a low-interest-rate environment to keep borrowing costs at a record low during these unprecedented times. It is highly unlikely that the RBA rate will increase rates over the next two years. It is also unlikely but possible that the RBA will not reduce the cas...h rate given it may believe this will have little impact in supporting the economy and if anything impacting many retirees with their savings and investments income. The real area to watch is what else the federal and state governments will do to assist and support all those impacted by the forced closures and ongoing disruption from the COVID-19 pandemic. If not done already, now is the time to be speaking with your finance specialist to ensure your finances are structured to help you get through these challenging times.

05.01.2022 We wish for the magic of the holidays to warm your heart and lift your spirit always. May it bring you hope and faith in the coming of brighter days. Merry Christmas & Happy New Year !

05.01.2022 What are guarantors and guarantor home loans? A guarantor loan can help first home buyers buy a place of their own even with a small deposit. A (mortgage) guarantor is the person who provides the additional security for your home loan. Most lenders prefer the guarantor to be a close relative, often a parent. For more detail on how it works go to... https://www.moneyquest.com.au/news/what-is-a-guarantor/

05.01.2022 Is refinancing the best move for you right now? How easy will it be to gain approval for a new loan? What type of home loan is best suited to your new needs? What is the cost of refinancing?... Relax Just talk to Hasitha to find all the answers Hasitha Basnayake 0433 830 704

04.01.2022 Are you Self-employed ? Thinking of buying your first home ? There are many ways we can help you to achieve your goal. Talk to Hasitha Basnayake 0433 830 704... MoneyQuest Greenvale https://www.moneyquest.com.au/broker/hasitha-basnayake/

04.01.2022 What will you do today ?

04.01.2022 Why does your credit score matter? Your credit score is a number between 0 and 1,200, based on your financial habits. Anything above 700 is considered good, with over 800 being ideal, anything under 600 is considered bad. Your credit score will help lenders determine if they should lend money to you or not, what interest rate to give you, and which loans you are eligible for. Higher credit scores get lower interest rates and more features and benefits on loans. Lower cred...it scores have fewer options, higher interest rates, and are more likely to get rejected which will lower their score further. For more information on credit scoring speak to us, your local MoneyQuest finance specialists!

04.01.2022 Thank god its 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...

03.01.2022 Are you self-employed It certainly does have its perks and freedoms that employees dont 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 youve been looking for . To find out what were talking about call Hasitha , your local MoneyQuest finance specialists, to have your questions answered... ... I can help you with all of your questions Hasitha Basnayake 0433 830 704

03.01.2022 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

02.01.2022 HomeBuilder Grant Do you qualify? The recent announcement of the HomeBuilder grant is certainly being talked about - but perhaps for the wrong reasons, We’ve compiled a list of our top FAQs to hopefully make it a little easier to understand ... Click on the link to access the FAQs http://ow.ly/tMzh50A3wsn I can help you with all of your questions Hasitha Basnayake 0433 830 704

02.01.2022 CHA-CHING! Have you ever wondered who was the person that invented the credit card? Or which company actually created the first credit card? For Inventors month this week, have a read below of some interesting facts about that magical piece of plastic: A Brooklyn banker named John Biggins invented the model of our modern-day credit cards in 1946. Did you know credit actually means trustworthiness? Makes sense! Can you guess which company brought out the first credi...t card....? Visa? Mastercard? The answer is actually Diners Club, in 1950. Now thats interesting?!