MoneyQuest in Gungahlin, Australian Capital Territory | Mortgage brokers

MoneyQuest

Locality: Gungahlin, Australian Capital Territory

Phone: +61 400 825 578

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• Property
• Loan service
• Mortgage brokers

24.01.2022 #MQBrokerBanter This month we focus on the types of questions you should be asking your mortgage broker. Last week we focused on lending panels and personal documents.... Today we discuss interest rates and associated fees. WHAT IS THE INTEREST RATE? Interest rates change depending on the lender. The main types of interest rates are fixed and variable (although there are also other types of interest rates available). Fixed interest rates: The interest rate stays the same for the duration of the fixed-term period. Variable interest rates: The interest rate can move up or down with the market or an index for the term of your loan. WHAT IS A COMPARISON RATE? A comparison rate calculates the true cost of a loan by combining the loans interest rate with other associated costs and fees. WHAT ARE THE ASSOCIATED FEES ON THE LOAN? Sometimes loans can have fees attached in addition to the amount you’ll be paying off. Some fees are just a one off, but some you may need to pay monthly or yearly. This is something you need to clarify with your broker to ensure there are no surprises. Remember, we are always here to help! #MoneyQuest #MoneyQuestBroker #FirstHomeBuyer #HomeLoans #MortgageBroker #MortgageBrokerConversations #MQBrokerBanter

23.01.2022 Do you feel overwhelmed at the moment? Don't let it get in the way of you reaching your property goals! #MoneyQuest #MoneyQuestBroker #MotivationalMonday #HomeLoans #MotivationalQuote #FirstHomeBuyer #SecondHomeBuyer #Quotes #BelieveYouCan #HalfWayThere

23.01.2022 What is an alt-doc loan 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. If you’d like to know more about alt-doc loans we are here to help... we specialise in residential and commercial self-employed finance

23.01.2022 Sometimes when we experience the first signs of failure, most of us think that it's a sure sign to give up...DON'T! As they say, you gotta be in it to win it!

22.01.2022 Did you know there are over two million small businesses in Australia all with their unique services. Getting finance as one of those two plus million can be as difficult as running the business all have unique finance requirements. Are you one of the two plus million Here at MoneyQuest we listen to what you have to say. We will hear your unique story and assist in finding you the finance that’s right for you and your business. Whether it be for a home loan, equipment finance, to pay off tax debt or for a new truck, there is help available - so pick up the phone and call us

21.01.2022 Well, who would of thought Home loan interest rates starting with a 1. Yes, you read it right - a ONE!! With the recent announcement of the drop in the cash rate (from the Reserve Bank), some lenders have started to announce rate changes on some of their products. Does your home loan interest rate start with a 1 No? Then it’s time we had a chat to see if we can find you a better ONE (pardon the pun) Oh, and as with all loans T&C’s apply, but we’ll let you know what they are.

21.01.2022 Thinking of doing some home improvements to maximise your investment? Not all renovations give back the value you think they might, or should and some even cost far more than they will ever return If you’re keen to improve your home without losing value you'll love our latest blog link below http://ow.ly/9oSO50C1jj0

20.01.2022 A benefit of living in Australia is that you can indulge in your hobby of gardening all year round, even in winter. Whether you’re working on living more sustainably , hoping to boost your property value with a healthy garden , or just developing your green thumb , these tips may keep your garden bountiful this winter. Check out our latest blog post http://ow.ly/biQv50F0JVT... #MoneyQuest #MoneyQuestAustralia #MoneyQuestBroker #MoneyQuestTips #HomeLoans #MortgageBroker #WinterGardening

19.01.2022 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/cHzL50CvSHK

18.01.2022 Boo Is the thought of refinancing your home loan a little scary? Is the thought of talking to your lender a little frightening? Let’s go through your options to see if we can lift your spirits! Happy Halloween from the MoneyQuest team

16.01.2022 Identify your 'one thing'!

16.01.2022 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/

16.01.2022 Are you still ticking off your spring cleaning jobs, perhaps prepping for the silly season guest rush? Struggling to store your worldly treasures, the ones you know you need to throw away, but just can't bring yourself to do? Well, perhaps this article will help you out... 5 ways to find the space you never knew you had. See the link below. They also say that keeping a clean and tidy home can improve our mental health too, it can't hurt that's for sure! https://www.moneyquest.com.au//stuck-for-storage-5-ways-t/

14.01.2022 Life is all about choice...

14.01.2022 Canberra recorded strong house growth (3.5 per cent increase on he quarter and 9.8 per cent growth on an annual basis), with median values rising to $817,810. This is the largest annual increase for nearly three years. Dr Powell noted: Over the past five years house prices have risen 29.6 per cent, making Canberra the second best performer of all the capital cities during this time, behind only Hobart. However, unit prices in the ACT dropped by around 2 per cent in the Sep...tember quarter (2.6 per cent on the year), to $447,143. Full article: http://ow.ly/kWZD50C6Ay2 Source: Annie Kane, Mortgage Business 29 October 2020 & Domain House Price Report for the September quarter 2020

13.01.2022 WOW rumour has it there are currently a record 29 lenders* offering cashback deals for those looking at refinancing their mortgage, with the big four banks also in on the action. Most of the deals currently on offer are between $1,000 and $4,000 Why you ask The rise in refinancing is forcing banks to be more competitive than ever, they need to be winning new business, not losing it. But, don’t just assume you’ll be better off with a cashback special, you need to make s...ure you will be better off in the long run, not just a short term win. As mortgage brokers we will share the offers currently available, it's our duty to work with you to find the product that's right for you, and in some instances a cashback deal may not be the right one... to find out more let's talk! (* source: Australian Broker)

12.01.2022 We know that finding the right home loan can be frustrating, time consuming and confusing To help you out we have a great article on our blog that shares five common mistakes to avoid when getting a home loan, you can read the full article here https://www.moneyquest.com.au//home-loans-5-common-mistak/ here's a snippet of what to expect It’s not just about the interest rate, yes, they are important and definitely part of the consideration process but they are not ...the whole story. Check your credit file. All lenders will conduct a thorough check on your credit history before offering you a loan so it’s a good idea to address any outstanding issues you may have long forgotten about. Shop around! Don’t assume your current bank is going to offer you the best deal as a longstanding preferred customer. So, what next? Read the entire article, then take the sixth step - pick up the phone and call us Here at MoneyQuest we are all about making the process easier and finding you the right home loan!

07.01.2022 Are you self-employed and looking for a home loan? A MoneyQuest broker can assist you with loan products that have alternative methods to validate income! It’s definitely still possible to secure a home loan and continue to work for yourself. Let us help you!... Do you know someone who is self-employed and needs a little home loan help? Tag them below #MoneyQuest #MoneyQuestBroker #Self-Employed #HomeLoans #MortgageBroker

07.01.2022 Are you of thinking of starting your own business? Maybe you'd like to purchase one soon? How will you fund your business? Do you know the difference between equity funding and debt financing? Reach out us, your local MoneyQuest broker today to talk shop. We do more than just home loans. Remember, we're finance specialists! ... #MoneyQuest #MoneyQuestBroker #BusinessFinance #BusinessOwner #HomeLoans #MortgageBroker

05.01.2022 PROFESSIONAL (noun): a person engaged or qualified in a profession. Professionals such as lawyers, accountants, medical practitioners, chiropractors, optometrists, veterinarians, dental practitioners, physiotherapists. Is this you Or, are you in another professional role Well, did you know there are loan products designed with you in mind... No? Well, there is! What’s even better, there are specials, such as one lender currently waiving Lenders Mortgage Insurance premium...s for eligible professionals who have a loan to value ratio of up to 95%. Meaning you could possibly save thousands of dollars on LMI premium costs! Now, how much you could save depends on your circumstances, such as your profession, loan amount, and where your property is located, but we will take you through the finer detail. So, whether buying your first home, your next property or refinancing an existing loan, it’s definitely worth us having a chat, right?

05.01.2022 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

03.01.2022 To RELOCATE or to RENOVATE, that is the question If you’re thinking of making a change to your living arrangements and confused about what to do, make sure you read this https://www.moneyquest.com.au//relocate-or-renovate-5-way/

03.01.2022 STOP PRESS THE LOWEST RATE IN HISTORY Yes, that's right, on Tuesday November 3rd the Reserve Bank of Australia (RBA) announced its cash rate decision, cutting the official rate from 0.25% to a new record low of 0.10%. What does this mean for you? Well assuming the banks pass on the rate reduction, this will see your loan repayments reduce again, which means more money in your pocket or the ability to pay off your loan sooner. Now, this is important... you need to make s...ure you have the home loan that's right for you. You need to speak to someone (like a mortgage broker) who can compare multiple lenders and all the products they have available (and sooner rather than later to make sure your current loan ticks all the boxes). So, why is the Reserve Bank reducing rates to the lowest time in history? Two reasons, first to keep the Australian dollar low which makes our exports cheaper and thus competitive. This helps with economic growth and improves employment needs. Second, by maintaining low rates, this allows a business to borrow funds at low rates to help them invest in their business and thus support further employment opportunities. With such low rates and ongoing government subsidies, this all goes well toward putting a floor on housing values and potentially will drive further increases as employment improves and the cost to borrow remains extremely low. For more info on the RBA's announcement and to discuss your home loan options talk to us, your local finance specialists, we are here to help!

03.01.2022 Beep beep! Are you aware of the different factors that can impact the best times to buy a car? Learn more! Check out our latest blog post http://ow.ly/U2sp50F2EAg ... #MoneyQuest #MoneyQuestBroker #MoneyQuestTips #CarFinance #NewCar

02.01.2022 Recently we shared that the Federal Government had committed to make available an additional 10,000 places under the First Home Loan Deposit Scheme (FHLDS). This week we wanted to update you on the criteria for these places... The additional 10,000 places form part of what is now being called the FHLDS New Home Guarantee (NHG) for new homes and newly built homes. The allocations are available to first home buyers that are Australian citizens and at least 18 years old.... Like the original FHLDS, the New Home Guarantee is means tested. Applicants must have a deposit of between 5 and 20% of the property’s value. It is only available to those wishing to build a new dwelling or purchase a newly built dwelling, your MoneyQuest broker can share with you the definitions of eligible properties. Investment properties are not eligible. If you are single you must have a taxable income of up to $125,000pa for the previous financial year; or a combined taxable income of up to $200,000pa if applying as a couple. There is a revised set of property price caps that also apply for eligible properties under the NHG, that differ from state to state, which your MoneyQuest broker can share with you. AND FINALLY... rumour has it one of the big four has announced it will open a new waitlist for the FHLDS New Home Guarantee, and will start accepting conditional approval applications from Wednesday of this week. For more info on this scheme and to see if you tick all the boxes contact us, your local finance specialists.

01.01.2022 Keeping it real... sometimes we fail, but failure drives determination!