Premium Select Finance in Canberra, Australian Capital Territory | Mortgage brokers

Premium Select Finance

Locality: Canberra, Australian Capital Territory

Phone: +61 411 061 083

Address: 28 University Avenue 2600 Canberra, ACT, Australia

Website: https://www.premiumselectfinance.com

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• Mortgage brokers

25.01.2022 Wonderful day spent with great people..!!

24.01.2022 Hi Friends and Family, 2021 has almost arrived! It really is the best time of the year as we welcome a fresh start to a new year. We get to say goodbye to 2020,... which brought some unexpected challenges to us all and say hello to new hopes, expectations, dreams and goals for our future. More importantly, we get to spend quality time with our family and friends. We wish you and your family a happy, successful and safe New Year.

23.01.2022 Whoever has said this, I believe it's so true..!!!

23.01.2022 We had a wonderful time catching up with BDM’s of various Lenders at Christmas Lunch and get together organised by our aggregator.. Finsure. Thanks for a wonderful day Cherish..!!!

23.01.2022 Hello Friends, Please watch this video with interest. This might help you personally. It's all about you...!!!

22.01.2022 Govt extends HomeBuilder by 3 months Good news for existing homeowners and people planning to enter the market the government has extended the HomeBuilder scheme. HomeBuilder provides financial support to owner-occupiers who want to build a new home, substantially renovate an existing home or buy an off-the-plan property.... Under the original version of the scheme, participants in the HomeBuilder scheme receive a $25,000 grant if they sign a building contract before 31 December 2020. Under the new version, participants will receive $15,000 if they sign a contract between 1 January and 31 March 2021. As before, construction must start within six months of the contract being signed. The price cap for renovations has been kept at $1.5 million (pre-renovation). However, the price cap for new builds, which is currently set at $750,000 for all states, will be increased to $850,000 for Victoria and $950,000 for New South Wales. To participate in HomeBuilder, you must be an Australian citizen and earn less than $125,000 for singles and $200,000 for couples. Need a construction loan? Contact me

21.01.2022 We got together to give some information on how the FHLDS work and also how important it is to react quickly to your pre-approvals.

20.01.2022 Home loan affordability: everything you need to know In a recent study, Australians were asked what they are most concerned about when it comes to the mortgage process, and 39% are worried about being able to afford repayments. To make sure the mortgage you commit to now still be affordable in the future no matter what life throws your way, it is important when it comes to estimating your repayments, to not get carried away by the maximum amount a lender is willing to offer y...Continue reading

20.01.2022 Hello Friends. Watch this video. This is first of many to come with new information, tips and suggestions in the near future..!!! https://youtu.be/kFGnCNjK7U4

19.01.2022 "Property has shown its resilience through economic shocks before" If the past is any guide, the future looks promising for the property, according to new research from a not-for-profit organisation. Property Investment Professionals of Australia (PIPA) research found that, within five years of each of Australias last four downturns, median house prices in the capitals were always higher than at the start of the downturn.... Some locations performed better than others, most likely due to local economic factors after each period, according to PIPA chairman Peter Koulizos. However, the research shows that talk of impending property doom has never happened in recent history and these recessions or downturns lasted multiple years rather than a few months. Mr Koulizos said that, in 2011, every capital city recorded a fall in prices, after the GFC stimulus money ran out but that they were all growing again within either one or two years. The moral of the story is dont panic. Property has shown its resilience through economic shocks before and we have no reason to expect it wont do so again. Looking to buy? Let's chat

18.01.2022 Theres no shame in deferring payments Deferring mortgage repayments is a lesser evil than having to sell property in the current market if you can hold off, a mortgage broker has advised. deferring payments... On a recent episode of The Smart Property Investment Show, a well-known mortgage broker has said the best thing to do if you are struggling to pay a mortgage at the current time due to financial distress is to call the bank and see how they can help. He acknowledged that many homeowners and property investors are struggling right now with job and income cuts, which can lead to emotional decision making and quick sell-offs. The best thing to do is do this before we start to fall into arrears. Lets get on the front foot because if you are in arrears missing a repayment or two its just something that the banks dont want to encourage and they dont want to endorse, he said. Its all about being proactive, according to the broker: Dont dig your head in the sand, lets get on top of this. Its why he said that theres no shame in deferring repayments. Explaining his stance of being completely on board with it, he acknowledged that others would argue that youll end up having to pay more interest over the life of the loan. But how many people actually serve out a 30-year loan term? he queried. Theyll generally pay it off faster than that as well, and the growth on those properties right now probably offsets, in fact, probably more than [offsets], the loss if they took it. The potential for capital growth would likely even offset the interest that would be sustained from a six-month deferment, the broker outlined.

18.01.2022 Just for your thoughts, members and friends..!!!

18.01.2022 DISCUSS BEFORE YOU ACT!!! Some mortgage holders who are rushing to get a mortgage deferral need to ensure they are not leaving themselves in an even worse position. Most lenders are offering borrowers a break on their regular repayments for up to six months, but experts say this has its dangers. Mortgage experts are saying that those unsure what to do should seek expert advice first. ... If you are unsure about your home loan, its important you contact your broker or lender immediately. Lenders have requested borrowers who need to apply for a mortgage deferral do so by submitting a request to their lender online. While requesting a mortgage deferral could ease the financial burden, borrowers should only ask for it if they absolutely needed it. It should be a last resort if you are unable to make your home loan repayments. Borrowers need to understand a deferral may result in higher minimum repayments at the end of the deferral period or they may have to pay more interest over the life of the loan. Some lenders might consider letting borrowers switch to interest-only payments for the period, so they did not incur a rise to their principal amount once the deferral period ended. All I can say is discuss before taking this option. Discuss with your Bank or in this case, I am available to discuss and might be able to help you understand your best options in the current situation.

17.01.2022 Wow.. Googong is growing in demand... this is amazing..!!!

17.01.2022 Dear Friends, Please allow me to introduce you to Vanessa Luo, a new member of the Premium Select Finance team. Vanessa has come on board to make sure that customers of PSF get the best possible service and their needs are well looked after. She brings with her a wealth of knowledge and long-running experience in the mortgage and finance market. We are sure she is a great addition to the team. ... Feel free to contact Premium Select Finance for all your financing needs. For more information see our website @ www.premiumselectfinance.com.au Lalen Sharma

15.01.2022 John shares some useful information about the current condition in Property Market.

15.01.2022 The Benefits of Refinancing Your Home Loan Buying a home is usually the most expensive purchase that people will make. Depending on the size of the deposit saved towards the purchase, it is likely that a home loan is required to complete the purchase. Typically, once a home loan is in place people tend not to review their mortgage to take advantage of the deals available on the market. Refinancing has a perception that can seem time consuming, overwhelming, and difficult. Ho...Continue reading

15.01.2022 Considering the 2 options I spoke about in the previous 2 posts, what are some of the risks to consider when selecting repayment options? One of the risks when considering repayment options is associated with Interest Only Repayments. When you are making Interest only repayments, the Principal Amount of the loan remains the same unless you choose to make additional repayments. Therefore, youll pay more interest over the loan term. This is because you will be charged interest... on the full loan amount (principal) for longer, as it hasnt been paid off. Additionally, higher interest rates may be applicable if choosing an interest-only repayment option. When the interest-only period ends, your repayments will be higher because you will have a shorter term remaining to pay off the full loan amount (principal). With P&I repayments its less likely that the amount owing on your loan will exceed the value of your property because you are paying down the principal. Are there fees and restrictions? There are no extra fees relating to your selection of repayment type when applying for a new loan. There might be a fee payable to change repayment type depending on the loan product you initially selected. Check before you make amendments to your payment options. A home loan transfer fee may be payable if other changes to your home loan are required. If your loan is guaranteed by someone else, you will need to seek their approval before you make any changes to the loan repayments. A new contract may be required to be signed.

14.01.2022 This holiday season, let’s make it a point to cherish what’s truly important in our lives in current time: "SOCIAL DISTANCING" Hahaha..!!! My family wishes you love, joy, and peace today, tomorrow, and always. Lalen Sharma

14.01.2022 Lalen and John share some information on what you need to do to get the best possible interest rates for yourselves.

12.01.2022 MILLENNIALS KEEN TO ENTER POST-COVID PROPERTY MARKET Australians are passionate about homeownership, with Millennials particularly keen about climbing onto the property ladder. More than one in four Australians (26%) plan to buy a property in the next two years, according to an ING survey of 2,113 people. The number is even higher for Millennials, with about one in three (32%) planning to buy a property within the next two years. Theres a feeling COVID has softened the prope...rty market and made homeownership more achievable 46% of Millennials hold that view. The key reasons why Australians believe buying a home in the post-COVID market is more achievable are: LOW INTEREST RATES = 39% A MORE AFFORDABLE HOUSING MARKET = 33% NEW GOVERNMENT SCHEMES = 32% Also, 69% of people say the pandemic has forced them to take more control over their finances. The average price people want to spend on a home is $644,000 in NSW, $575,000 in Victoria, $504,00, in Queensland, $477,000 in Western Australia and $467,000 in South Australia. See more

12.01.2022 Spent some time meeting a great friend Rajiv in his restaurant at Coco Cubano. Thanks for your time Rajiv.

12.01.2022 Happy Friday Friends, Have you heard yet? Its raining money!! We are still riding the refinance boom currently underway, because of the low-interest rates and after the government announced last night first homeowners and renovators will be next. Key points of the government announcement: HomeBuyers grant $25,000,... Available for new home builds valued at $750,000 or under, Also available for renovations $150,000 and over, on property valued at under $1.5M, Income test: singles earning under $125,000 pa, and couples under $200,000 pa, Available on contracts signed between 4 June 2020 and 31 December 2020. First home buyers can now access the $25,000 HomeBuyers grant and the $15,000 NSW first homeowners grant on the new property, as well as the First Home Low Deposit Scheme FHLDS (more being released 1 July 2020). I will keep you updated as more information comes along. Have a great weekend. See more

11.01.2022 Hello Friends, Premium Select Finance has just introduced its brand new website. Please browse through it and see if you find it interesting. Would love to see your comments.

11.01.2022 For those friends who are celebrating Easter, warmest thoughts and wishes to you and your family on this occasion. I hope you have a wonderful and cheerful East...er surrounded by those you love and care for. Stay blessed, maintain a safe environment, be mindful to keep yourself and others around you safe from COVID-19, be happy and have a wonderful Easter! See more

11.01.2022 Premium Select Finance has got a brand new website released today. https://www.premiumselectfinance.com.au/

10.01.2022 How to avoid having your home loan application declined Now is a good time to take advantage of the property market, with interest rates across the Lender panel at a record low. But for you to get your dream home, youll probably have to apply for a home loan, correct?...Continue reading

07.01.2022 Hello Members, This is the third video of the series. Watch it to understand how the Real Estate Agents take you through the process to help you secure the property you want or desire. Don't forget to subscribe to my channel to see more videos in the future with useful information.

07.01.2022 Great result for one happy customer...!!

04.01.2022 Meeting with my great friend John for some plannings on how we can continue working together to help our friends get the best deals going around in Loan and property market..

03.01.2022 Thanks for your beautiful comments, Rodney. It was a privilege working with you and Anushka to get your desired results...

01.01.2022 I found this very useful information to consider...!!!