MCP in Melbourne, Victoria, Australia | Mortgage brokers

MCP

Locality: Melbourne, Victoria, Australia

Phone: +61 3 9620 2001

Address: Level 6, 575 Bourke Street 3000 Melbourne, VIC, Australia

Website: http://www.mcpgroup.com.au

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• Loan service
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21.01.2022 RBA - cash rates on hold at 2%........

20.01.2022 Cash rate on hold at 2.25%. Give me a call on 0402065254 to discuss how you can save on your home loan today. James Ross... MCP Finance Advisor http://www.rba.gov.au/media-releases/2015/mr-15-03.html

19.01.2022 Fixed rates on the rise....give me a call or email on 0402065254 or at [email protected] for the latest mortgage market news and info. Cheers James

19.01.2022 WHAT HABITS DOES IT TAKE TO BECOME A SUCCESSFUL PROPERTY INVESTOR AND HOW CAN YOU BUILD YOUR NET WORTH! HABIT ONE - HAVE THE RIGHT MINDSET: understand that debt is a tool to help leverage and build your assets. Debt is a GOOD thing when properly managed! HABIT TWO - GET EDUCATED: attend seminars, read property publications and keep up to date!... HABIT THREE - USE PROFESSIONALS: Understand an accountant /financial advisor can assist with INCOME TAX and structure establishments and a GOOD BROKER's can assist with obtaining the best finance to purchase the property, and an ongoing ability to draw equity if required. Lawyers to assist with conveyancing and ESTATE PLANNING issues if required. HABIT FOUR - UNDERSTAND BOTH LEVERAGE, AND TIME IN THE MARKET CONCEPTS: Increase your asset base by borrowing and managing your cash flow and have a buffer in place incase of an emergency and know that Property is a LONG TERM INVESTMENT! Propety investment is NOT just rental but also CAPITAL GROWTH (invisible but MONEY in the bank!). HABIT FIVE - KNOW THE MARKET - do your research and seek external assistance before buying a property to ensure you INVEST IN THE RIGHT AREAS. HABIT SIX - UNDERSTAND THE EFFECT OF TAX AND CASH-FLOW, DEPRECIATION AND NEGATIVE GEARING - know how the taxation system assists cash flow and know this is critical to, cash flowing the next property. HABIT SEVEN - RENOVATE FOR PROFIT - always look to maximise your RETURN ON INVESTMENT! Make sure you follow these steps to give yourself the best chance of buying the right property!!!!! If you want any information on property or what loan will suit you in the current market give me a call on 0402 065 254. James Ross Partner/ Mortgage advisor MCP Group

17.01.2022 We are moving! Just around the corner. The team at MCP look forward to welcoming you to our brand new Melbourne office on Bourke Street from Monday 25th September. If you have any questions please don't hesitate to get in contact.

17.01.2022 With rates at an all time low are you talking to people to see if you have the most competitive loan facility which is right for you? Here are some things to consider if you're looking at refinancing. Give myself a call on 0402065254 or the MCP team and we'll be happy to assist https://app.box.com/s/xrbwu8kfw48gtmf6iilq409ciui6w86c

14.01.2022 Thinking about renovating....here are some tips. Give myself a call on 0402065254 or the MCP team at 9620 2001 to discuss. https://app.box.com/s/ysm0o96rpmiy2s2lprwjg2mn3k4u394r

14.01.2022 Rates at all time low after another reduction in the cash rate to 2%......give me a call on 0402 065 254 to discuss your lending ASAP to save!!!! James http://www.rba.gov.au/media-releases/2015/mr-15-08.html

13.01.2022 Call to all investor loan holders. When was the last time you reviewed your loan? This month we're seeing some banks trying to increase their share of the investor market and offering some ridiculous pricing. Give me a call on 0402065254 or email at [email protected] for a free confidential review. Cheers James

12.01.2022 INVESTMENT LOAN FUNDING There are emerging changes that are affecting how Mortgages are being priced where the purpose is for investment funding. It is always a reflecting moment when history repeats. When this author started in the finance industry 20 or so years ago interest rate pricing for investment purpose borrowing was at a premium to borrowing for domestic purposes. We are here again in 2015 with fears over the pace of investment lending.... We are also seeing reductions in loan to value ratios, meaning investors may require a greater deposit when purchasing investment property. These changes are in response to the Australian Prudential Regulation Authority (APRA) demand that banks reduce the level of housing investor credit growth to below 10 per cent per annum. So in 2015, and responding to pressure from regulators, banks are scaling down interest rates discounts offered for new property investors in comparison to owner occupied lending. SUMMARY OF THE CHANGES Some of the changes are as follows (and we expect more to be announced over the next few weeks). - Discretionary Interest rate discounts offered off new investment property lending will be reduced. - Banks (as Bank West has just introduced) will potentially reduce the level of loan advance against investment property. New Zealand revisited? - One lender has reacted by removing negative gearing benefits from its serviceability assessment - this will reduce the borrowing capacity of certain investors. - APRA has indicated it will introduce regulation that require banks to carry more capital against their mortgage books this will impact the cost of credit in the longer term. WHAT IS THE IMPACT ON ME? There is no need to panic. Existing investment purpose borrowings arrangements are not affected. With these changes, we are already seeing aggressive compensatory offers for owner occupied lending, we also anticipate competitive tension as banks compete strongly for whole of wallet mortgage coverage by customer. For more information and to prepare for these changes, contact the Finance team at MCP.

10.01.2022 New rules on property taxes on Foreign investors and introducing E-Conveyancing. Any questions give me a call on 0402 065 254 or the MCP team on 9620 2001. James https://app.box.com/s/8d3prg68aotz1c1j863sec1l9jidc81b

09.01.2022 http://www.rba.gov.au/media-releases/2015/mr-15-01.html Rates DROP! To discuss your lending and see how you can get a better deal give me a call on 0402 065 254. James

08.01.2022 THE CORE FUNDAMENTALS OF INVESTING FOR CAPITAL GROWTH......... Looking at buying property and trying to find SUBURBS which provide TRUE VALUE FOR INVESTMENT.........look for the below DRIVERS of CAPITAL GROWTH and help narrow your search! 1. New infrastructure projects;... 2. Supply/demand issues; 3. Strong migration into the area/high population growth forecasts; 4. Gentrification; 5. Strong employment drivers. With so many loan products available in the market right now let us find the right lending solution for you!!! Give me a buzz on 0402 065 254 to discuss how you can get the best deal today! James Ross MCP Finance Advisor

06.01.2022 With so many changes to lending criteria over the past couple of months make sure you're not caught out! Give me a call on 0402 065 254 to discuss. Cheers James http://www.domain.com.au//when-a-home-buyer-doesnt-have-f/

06.01.2022 Take a look at our latest edition of Insights -- we talk about Mortgages and compare Interest Only and Principal & Interest repayment options.

05.01.2022 INTEREST RATE MOVEMENTS Following the RBAs decision to cut the cash rate this week, the major banks have responded as follows: CBA, NAB reduced rates by 0.20%; Westpac by 0.22% and ANZ passed on the full 0.25%. ... Of some of the popular non major banks, ING Direct reduced rates by 0.25%, Macquarie & Bank of Melbourne by 0.20%. Bankwest and Adelaide & Bendigo are yet to make an announcement as well as a range of other institutions. The Standard Variable Rates ("SVR's") of the four major banks (before ongoing discounts are applied) are now: ANZ 5.38% (effective today) NAB 5.43% (effective 13 May) CBA 5.45% (effective 13 May) Westpac 5.48% (effective 18 May) The market for mortgages remains very competitive, as do ongoing discount rates, please contact our team on (03) 9620 2001 or myself on 0402 065 254 for further information. Cheers James

03.01.2022 Have an interest in Property? Our updated Property Guide is full of useful information and tips! Message us for a free copy.

02.01.2022 MCP Group partners with apositivemove.... Meet the MCP group: a multi disciplinary firm that will energetically support you in your business or personal growth. MCP assist SME's and individuals with finance, legal, insurance, superannuation, property, business structures and advice.

02.01.2022 Official cash rate remains unchanged at 1.50%. There are still mixed signals with low wages growth, low inflation and the strong Australian dollar driving against a rate hike. To read more >> https://goo.gl/K4XYrw