MoneyQuest in North Melbourne, Victoria | Property

MoneyQuest

Locality: North Melbourne, Victoria

Phone: +61 407 345 572

Address: Suite 1 Ground Floor 204-218 Dryburgh Street, 3051 North Melbourne, VIC, Australia

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• Loan service
• Mortgage brokers

25.01.2022 An oldie... but a goodie! #youcandoit

25.01.2022 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!

24.01.2022 Keen to renovate but not sure where to begin Reality shows make it look so easy, right A quick design scribbled out on a napkin over a coffee, and the next minute the builders are in pulling down the walls. It takes a little bit longer in the real world here’s what you need to help make that dream reno a reality https://www.moneyquest.com.au//keen-to-renovate-but-not-s/

24.01.2022 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/

24.01.2022 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

22.01.2022 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/VNXw50CvSHd

21.01.2022 Are you self-employed... have you considered applying for an Alt Doc loan It's common for self-employed to be unable to meet the standard loan documentation requirements of the big banks and other lenders'. This is because these loans primarily target PAYG workers, who can provide the documentation required. Self-employed borrowers have specific financial circumstances with specific documentation, which often necessitates an Alt Doc loan.... So, if you are self-employed and struggling with getting residential or commercial finance, give us a call to talk through your options what do you have to lose

16.01.2022 #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

16.01.2022 2020 has been quite a year, and it's safe to say we are kind of looking forward to the one event that simply cannot be cancelled or moved to Zoom. Christmas, yes, Christmas is almost upon us, and we are jumping up and down with excitement (well, aren't you?)! If you're keen to celebrate the season without breaking the bank, we have a few ways to join in on the festivities and keep the spend-down Like, when is a tree, not a tree? Get inspired, be unique, and save money ...this year by paying homage to the iconic tree without having to actually buy one. Head to our latest blog , you won't be disappointed! http://ow.ly/G0aE50CCp1z

16.01.2022 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/

16.01.2022 So, you've heard of a low-doc loan, but you don't know what one is exactly? We may just have the answers you are searching for Check out our latest blog to find out... - what they are... - who they are for - what you need to provide to apply, and so much more! Oh, and don't stress, we are just a phone call away to answer any other questions you may have! First up, click here http://ow.ly/4Rp550DrXBz

14.01.2022 CoreLogic, Australia’s largest property data provider, released its first Home Value Index in 2021, showing Australian housing values reached a new record high in January . Housing values continued to rise through the first month of 2021, with CoreLogic’s national home value index up 0.9% over the month. The January movement takes Australian home values to a fresh record high. Housing values have surpassed pre-COVID levels by 1.0%, and the index is 0.7% higher than the prev...ious September 2017 peak. Every capital city and broad rest-of-state region recorded a rise in housing values over the month, ranging from a 2.3% surge across Darwin to a relatively mild 0.4% rise in Sydney and Melbourne. You can read the full article here http://ow.ly/Kr9Z50DnmEL

12.01.2022 It comes as no surprise that the Reserve Bank of Australia (RBA) didn’t change the cash rate earlier this week Rumour has it that it may not be moving for some time. That said, after all the surprises that unfolded in 2020, we know things can change unexpectedly So while home loan interest rates are low, very low (with some starting with a one), now is the time to compare Do you know what your current rate is... does it start with a one Why not book in for a compliment...ary home loan review to compare your current home loan with others in the market What do you have to lose Call us, your local MoneyQuest home loan specialists, and let’s compare.

12.01.2022 Have a great week!

10.01.2022 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

09.01.2022 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

08.01.2022 Is the thought of buying your own home a little daunting? Are you putting it off because it seems too hard? Why not talk to the right people who could help make the hard possible!

08.01.2022 What is an 'alt doc' loan? Alternative documentation, or alt doc, loans are for self-employed borrowers with income evidence not in the form mainstream lenders generally prefer. When assessing an 'alt doc' application, some of the things considered are: has your business been ABN registered for at least 6 months... has your business been GST registered for at least 6 months Business Activity Statements (BAS) bank account statements an Accountants letter For more information on what can be provided as 'alternative documentation' contact us... your self-employed finance specialists!

08.01.2022 Are you interested in knowing how much you might be able to save with a lower home loan interest rate? Well, this calculator will help. Here’s what to do: 1. Click this link http://ow.ly/eePy50Ch2Ok 2. Enter your loan amount & term in the common loan fields. 3. Enter your existing loan info into the Loan 1 fields.... 4. Enter the lower rate info into the Loan 2 fields. 5. View the results just below the loan tables. 6. Call a MoneyQuest broker (us). Important Note: The results shown are a guide, your specific home loan needs are to be taken into consideration, and that’s where we come in. There are hundreds of options available, and yes rates starting with a 1. So, now go through the steps above and we will speak soon

07.01.2022 When you’ve lived somewhere for a while it’s easy not to notice peeling paint or a chipped wall. But your home will probably be your single ever biggest investment, and just like all of us it needs some regular TLC to stay shipshape. Head to our tips and inspo blog for tell-tale signs your house needs some TLC. https://www.moneyquest.com.au//the-tell-tale-signs-your-h/

06.01.2022 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/

06.01.2022 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

06.01.2022 Well, who would have 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.

05.01.2022 NEWS UPDATE The HomeBuilder Grant has been EXTENDED!! Great news if you are thinking about building or renovating!! The HomeBuilder Grant has been extended to March 31st, albeit with some differences. Here's a summary Contracts must be signed between January 1st and March 31st, 2021 (inclusive).... The Grant amount is now $15,000. New build prices cannot exceed $950,000 in NSW, $850,000 in Victoria, and $750,000 in all other states and territories. If used for renovations, the property's value cannot exceed $1.5 million (pre-renovation). Applications must be submitted to the relevant State Revenue Office by April 14th, 2021. You must be an Australian Citizen. Income conditions: $125Kp.a. for individuals, $200Kp.a.for couples (based on a notice of assessment 2018-19 or 2019-20). You need to be an Australian Citizen. As with all grants, there are criteria to be met, and the above is just some of what you need to know. For all the other essential bits, contact us, your experienced MoneyQuest finance specialists, and we can share more.

05.01.2022 Identify your 'one thing'!

05.01.2022 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

04.01.2022 If things don’t change, they remain the same, right But life is also about choice, right The Reserve Bank of Australia (RBA) have met for the final time in 2020 to announce its cash rate decision for December. As widely anticipated, they held the official cash rate at 0.10 per cent this month, so no change. But does that mean you still don’t have a choice to refinance your existing loan to a better rate (and potentially save thousands of dollars)? ... Well, no. Banks still change their rates outside of the RBAs cash rate decisions, and a change to your home loan rate is your choice. So make a choice to change. What do you have to lose

03.01.2022 Hell yeah Last week we shared record-breaking news about our industry mortgage brokers wrote 60.1% of settled residential home loans in the three months to September 2020. But you know what? We could not have done it without you! So, THANK YOU Thank you to all our wonderful clients. Thank you for trusting us to assist in one of the most important decisions you will ever make

03.01.2022 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?

03.01.2022 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/Lx4Y50F0JW5... #MoneyQuest #MoneyQuestAustralia #MoneyQuestBroker #MoneyQuestTips #HomeLoans #MortgageBroker #WinterGardening

01.01.2022 We are definitely feeling those weekend vibes... sunny days, icy cold drinks and of course a sizzling barbie . Yes, it’s time to gather round your family and friends and crank up that BBQ. But if you’re feeling like your outside space isn’t quite ready for launch day just yet this might help, our latest blog how to get your outside space BBQ friendly and ready for summer Check it out here http://ow.ly/KU8j50Cd8Y0

01.01.2022 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.