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Mortgage Choice Richmond

Phone: +61 455 621 555

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24.01.2022 This morning I called into the MMM radio Breakfast Show with Triple M's Hot Breakfast with Eddie McGuire, Luke Darcy and Rosie. I took the opportunity to share with all listeners what I have been telling my clients that have called me over the past couple of days. Just about every bank and lender has now released their processes for home loan customers who are finding cashflow really challenging at the moment.... The offer/solution is pretty much the same across the board. Just about every bank and lender is providing the opportunity for a six (6) month holiday on your home loan repayments if you are suffering cash flow issues due to the Covid-19 pandemic. If you would like to apply for a 6 month break from repayments, the steps are: - goto your bank/lenders website - On the front page you should find a link to Covid-19 support or something to that effect - click through and read the information they provide about support for home loan borrowers - follow the links and enter your information (name, contact details, loan account number) - each lender is quoting a different time frame to deal with your request/application. I’ve noticed a range of 7-21 days. I think it has been wise of most banks to provide the link online so you don’t spend hours waiting in a phone queue. As many of you know and have experienced, I spend my nights meeting with clients and my days arguing with banks to get your loans approved as quickly as possible. This means I spend hours in bank phone queues every week. I’m very aware how annoying phone queues can be. If you need any assistance with regard to a holiday from your lender, please reach out to me. Stay healthy

20.01.2022 Another awesome announcement from the Commonwealth Government to assist home owners who are either building a new home or undertaking significant renovations to their home. This is called the HomeBuilder Grant. If you are a first home buyer this Grant will be in addition to all the other benefits currently available. The HomeBuilder Grant is a $25,000 cash injection from the government, available to you from today (4 June 2020). This is only available for your Principal Pla...ce of Residence (PPR). It is only for building contracts or agreements signed 4 June 2020 or after. Your income needs to be no greater than $125k p/a (single) or $200k p/a (couple). Your finished house cannot be valued at greater than $750k (if a full build) or $1.5M (if a significant renovation). For more information reach out to me by phone / email / text / Messenger / smoke signals. Scott Lawson 0455 621 555

19.01.2022 Looking for career guidance or sick of your current day to day? To be honest, I haven’t heard of some of these ....

19.01.2022 To all our loyal clients plus members of the community who seek professional advice and assistance from a Mortgage Broker, I take the opportunity to share with you that it is business as usual at Mortgage Choice Richmond. We are fully staffed and ready to assist you. Scott Lawson... 0455 621 555 See more

16.01.2022 I wish to reassure everyone that it is business as usual (or as close as we can) at Mortgage Choice Richmond. Additionally, the Reserve Bank of Australia has just announced an emergency cut to the cash rate of another 0.25%. That’s now a 0.50% reduction for March 2020. I expect the banks to announce they will pass on the 0.25% in full over the next few days. Please stay safe and look after your health.... If you have any questions, please reach out to us in the normal method. 0455 621 555 [email protected]

16.01.2022 Hi everyone I am in the process of establishing a new BNI chapter in Richmond. A combination of Zoom meetings + occasional face to face. Please reach out to me if you would like to know more about BNI. 0455 621 555 [email protected]

14.01.2022 Let the Saturday iso project commence. Ingredients : veg and herb seedlings, top notch garden soil, cheap ass garden bed. End result : will find out ....

13.01.2022 First Home Buyers - Register now for the extra 10,000 LMI waivures from the government. Earlier in 2020 the government announced they will cover the LMI cost for first home buyers where your loan is greater than 80% of the property value. This scheme, called the FHLDS, was restricted to 10,000 spots. Those 10,000 spots were used up very quickly. The new scheme (FHLDS part 2) is not quite ready for use right now, but given the rapid exhaustion of the first 10,000 spots, we have worked with the banks to create a reservation list. If you are a first home buyer and looking to purchase a brand new home or build a new home (as your first home) please reach out to me ASAP and we will ensure a spot is reserved for you. Scott Lawson @ Mortgage Choice Richmond Vic

13.01.2022 AUCTIONS AND HOUSE INSPECTIONS At the risk of sounding like everyone else .... We live in interesting times. I truly hope you and your families are healthy and taking extra precautions to remain healthy. The news overnight of a temporary ban on auctions and house inspections is something that will affect our industry instantly and of course have an impact on those who are either in the process of researching their next (or first) property or are in the process of selling a p...roperty. With every obstacle or challenge comes opportunity. I note the fine print of the temporary ban on open inspections does still allow for PRIVATE INSPECTIONS of a property. If you are in the process of selling a property, you can still maintain a marketing campaign but with inspections by appointment. This will most probably result in more inspections rather than once/twice a week to cater to the individual needs of your target market. As for the auction process, I believe there will be some smart boffins out there who will produce or release some form on online auction platform for real estate that meets the industry and legislative requirements in a relatively short period of time, but until that occurs (if it does) it is apparent the PRIVATE SALE approach will be the simplest course of action right now. For anyone in the market to purchase at the moment, you will need to contact the real estate agent and make arrangements for a private inspection of the property. Making an offer will have to be in the non-auction process which means you offer the price you wish and the vendor will respond with an acceptance, decline or commence a discussion (aka negotiation). If you would like to discuss any of the above in more detail, feel welcome to reach out to me by phone or email. The old smoke signals probably wont be noticed at the moment. Stay healthy.

09.01.2022 New (home made) corporate merch. Shame about the hair do. Dan said I can get a haircut next week -

09.01.2022 Happy Days, the sun is shining in Melbourne. A psuedo open inspection, dubbed the "private inspection" is legal again in Melbourne metro as of today. Good luck to all the folks out looking for something to purchase or rent. Good luck to folks selling their house. Good luck to landlords who need to fill an empty investment property. To discuss your borrowing needs, please reach out to me.... Have a cracking day. See more

07.01.2022 With so many initiatives from various lenders and the government it can be challenging for potential borrowers to keep up with everything. Today I'm delighted to advise that a big bank has just released a short term offer for First Home Buyers who don't quite have the full 20% deposit. Bank of Melbourne have slashed the cost of Lenders Mortgage Insurance (LMI) for any loan that comes in at 80.01% - 85.00%. The cost for the LMI will be $1. Depending on the situation, the rea...l cost could be up to $10,000. This offer is limited to loans to First Home Buyers and loans no greater than $850,000. Reach out to me for more information. Have an awesome day. See more

07.01.2022 Happy Days, the sun is shining in Melbourne. A psuedo open inspection, dubbed the "private inspection" is legal again in Melbourne metro as of today. Good luck to all the folks out looking for something to purchase or rent. Good luck to folks selling their house. Good luck to landlords who need to fill an empty investment property. To discuss your borrowing needs, please reach out to me.... Have a cracking day. See more

04.01.2022 Fresh veg and herbs soon..... Back to work now...

02.01.2022 As the major sponsor of Riversdale Soccer Club we are so excited and proud to be hands on at the oval for the junior 5 a-side competition. After the lengthy lock down the kids finally got the chance to participate in their fav activity - chasing balls. The tournament was graced with the presence of FIFA International referee Kate Jacewicz. So fortunate to have such a wonderful person helping out. A visit also from recently elected Cr Lisa Hollingsworth checking on great activ...ities in her ward. Good to see the COVID rules still being embraced by parents and players, whilst frustrating, it’s best to be safe than sorry. All the best for the remaining 5 weeks of the tournament Riversdale Soccer Club. See more

02.01.2022 A 6 month repayment holiday WILL NOT affect your credit rating It is very pleasing to read this morning that the Australian Prudential Regulation Authority (APRA) announced that any Australian who accepts an arrangement to defer their home loan / credit card repayments due to Covid-19, will not impact their credit rating. This is fantastic news as there was some degree of uncertainty in the community over the last week. Of course the deferment of payments will ease cashflow ...for those in financially challenging times as a result of Covid-19, but the "back of mind" thought of what is the impact on me in the future, played heavy in some people's mind. Like most things, the details of the announcement are important to note. The most important aspect is the announcement was very clear that any repayment holiday or deferred payment arrangement is "the borrower accepting the offer from the lender". This means you cannot just merely stop paying, you need to follow a process of: - borrower(s) request the deferment - the lender needs to make a decision - lender offers you the deferment - Borrower(s) accept the offer This process is deliberate to ensure the outcome of the repayment holiday can be viewed as "an amendment to your loan agreement with the lender" and you have not missed payments, rather you and the lender have agreed that payments are not required. If you have any questions or seek further clarification, please do not hesitate to reach out to me. Stay safe, stay healthy and when the time is right, lets get back to creating wealth :)

01.01.2022 An interesting statement was released by the Federal Government this morning in relation to the potential relaxing of some rules related to lending. The lending industry has certainly been dynamic over the last decade with the Global Financial Crisis (GFC), a Royal Commission (RC) into banking, COVID-19 amongst many other smaller changes and challenges. Borrowers have experienced many changes to the amount of information they are required to share with the lender in order to ...obtain approval for the new loan over the past 12-24 months. It is fair to say that borrowers have had to provide more information than ever before. Quite often we have found over the last 12 months that some borrowers would not be approved for the loans they currently have. These are loans that they are making payments on time, every time, and with the rules released in the past 12 months these clients have found they could not make the necessary changes to their loans to suit their changing needs. It has certainly been frustrating for borrowers and for us as brokers who care about the changing needs of our clients. It is important to acknowledge that this morning's announcement is an expression of the intent to make changes. No changes have been decided as yet. It would be improper to suggest what the changes might be apart from the intent appears to be to reduce the amount of information a borrower needs to share/provide to their lender. Responsible lending will always have to be paramount and the best interests of the borrower will always be foremost in our minds as mortgage brokers. We look forward to sharing the facts of any future changes as they come to hand. If you would like to discuss or ask specific questions, as always, feel welcome to reach out to me. Time will reveal what changes are made and the date of effect. We look forward to relaxed rules so that borrowers can borrow what "makes sense" See more