NewLeaf Finance in Box Hill, Victoria | Mortgage brokers

NewLeaf Finance

Locality: Box Hill, Victoria

Address: Suite 5, 542 Station St 3128 Box Hill, VIC, Australia

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

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20.01.2022 As long as you meet the requirements for the Home Builder Scheme, you can get a grant of $25,000 to build a new home or to substantially renovate an existing home. This program is designed to improve the residential construction market, encouraging home buyers to build new homes and renovate old homes. The following requirements apply: http://www.newleaffinance.com.au/What-is-the-Home-Builder-S

17.01.2022 What's your mortgage rate at the moment?

17.01.2022 RBA Governor Philip Lowe has voiced support for the removal of stamp duty. Governor Lowe said axing stamp duty is on of the several measures available to state and federal governments as they explore options to even out the tax system. NSW Premier Gladys Berejiklian and Victorian Premier Daniel Andrews confirm that stamp duty reform is designed to rejuvenate the economy in the wake of COVID-19. Link below to read more:... https://www.theadviser.com.au//40684-rba-backs-move-to-axe #rba #stampduty #mortgagebroker

16.01.2022 A major bank has announced that home buyers only need to pay $1 in Lenders Mortgage Insurance (LMI) if they are borrowing 85% of the property value. This offer for first home buyers is effective from 13 July 2020. One of the pain points for many first home buyers has also been saving for a deposit.... With the $1 LMI offer, first home buyers can buy their property sooner by reducing the expense of LMI and saving thousands of dollars please see the link below http://www.newleaffinance.com.au/1-LMI-for-First-home-buyer

15.01.2022 Should you apply for a credit card under your home loan package? A lot of people recommend using an offset account to utilise your home loan, but do you know a combination of credit card and offset account works even better. Not only it's free under the package, but it is also a simple and effective way to save you tens of thousands of dollars over the loan term if you use it wisely.... This is how it works: While using your credit card for daily spending, you keep savings in your offset account and pay off your credit card balance in full before your interest-free period ends, usually 44 - 55 days, you could minimise both the amount of interest you pay on your home loan and the interest you pay on purchases. Simple but effective!

14.01.2022 A quick glance of available schemes for first home buyers

12.01.2022 As expected, the Reserve Bank of Australia kept the cash rate at 0.25% at its meeting today as the country continues to deal with the COVID-19 pandemic. Many banks have now granted temporary repayment relief to those impacted financially by COVID-19. APRA has released data indicating that as of the end of June, $274B worth of loans are on hold, this number is still on the incline. Housing loans make up the majority with $195B deferred being 11% of the total $1.8T, however, small business loans have a higher incidence of repayment deferral with 17 per cent or $55B of the $321B total.

09.01.2022 A Window of Opportunity If you are in a role where you have a level of certainty regarding your income, you have an opportunity to take advantage of another likely market dip for the second time in 18 months since the Royal Commission started which is unprecedented. So, if you missed out prior to the election 2019, this may be your OPPORTUNITY. Below is a simple strategy you may want to consider to ensure you have sufficient cash available to ride out the medium-term and s...et yourself up for the future and potential opportunities. Currently, many of us have accessible equity in the properties we own, but as unemployment rises house prices may and most likely will drop in the short term. (Knowing that the market has increased by close to 20% since the election and Royal Commission concluded last year) By accessing the equity now we are able to "Lock-in" that value today by "Cashing-out" and holding the money. If prices do drop, this cash will allow you to purchase a property secured only by itself because the equity has already been released at the higher valuation amount. The cost of this strategy is generally small and the available money offsets the loan until you are ready to use it so there is no interest cost. Also, if you would like to close the loan, you can easily transfer the money back onto the loan and contact the bank to process the closure A few things to consider for your personal situation: > Having available cash may prevent your bank from granting you a repayment holiday > You have to be disciplined and not tempted to access available cash unless absolutely necessary If you are interested in this or other similar strategies please contact us urgently as the window of opportunity is likely to close in the coming weeks as the banks begin to change lending policies and valuation amounts can potentially reduce.

09.01.2022 Over leverage is a common problem, talk to experts around you to see how much you really can afford.

08.01.2022 On Wednesday 1 July, the National Housing Finance and Investment Corporation (NHFIC) will release another 10,000 First Home Loan Deposit Scheme (FHLDS) places, which opens up the real estate market to first-time homebuyers with a low minimum deposit of 5% and an exemption from Lenders Mortgage Insurance (LMI) fees. Talk to us today to reserve a place! They will be gone quickly!

08.01.2022 The Reserve Bank of Australia has today kept the cash rate at 0.25% for the sixth straight meeting in a row, while monitoring the impact of the COVID-19 shutdown in Victoria and uncertainty surrounding the pace of a national recovery.

05.01.2022 With the extreme uncertainty in the near future, maintain healthy cash flow, not over-leverage is recommended.