Rachael Scott in Brisbane, Queensland, Australia | Mortgage brokers

Rachael Scott

Locality: Brisbane, Queensland, Australia

Phone: +61 410 316 173

Address: Bardon 4065 Brisbane, QLD, Australia

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

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• Financial service
• Loan service
• Mortgage brokers

25.01.2022 Hi Everyone! I trust you are all keeping well and gearing up for some well-deserved rest and relaxation over the fast approaching Christmas and New Year period. We have been receiving a lot of enquiry regarding fixed rates, since the latest RBA cash rate announcement, as many lenders have reduced fixed rates, but not variables, meaning that many lender’s fixed rates are now the lowest rates in the market....Continue reading

22.01.2022 Hi Everyone, You’ve probably noticed that there are some pretty sharp fixed rates around at the moment, and if you’ve been thinking about exploring your options, this is your sign to act! Fixed rates can have a bad rap for being pretty limiting in terms of additional repayments, redraw etc BUT Lucky for you, you have me to give you a few examples of products on our panel of lenders that can offer you a low fixed rate, WITH flexibility....Continue reading

22.01.2022 Wow, a couple of really niche products just released by one of our lender partners! Up to 98% including LMI for owner occupied purchase Genuine and non-genuine savings acceptable (excluding borrowed funds) ... Interest Rate 3.59% Loan amount up to $1.1 million Turnkey and Established properties Contact me for full details 85% No LMI Applies for all applicants working in any industries Interest rate 3.49% Offered for Purchases, Refinance, Debt Consolidation and Cash Out Loan amount up to $1.1 million Contact me for full details

21.01.2022 I may be on holidays, but I still get my news. This is no surprise. If the RBA do move downward again, it’s a sign to ‘buckle up’. The Federal Budget is tonight (delayed from May), let’s see what comes out of that! PS Palm Cove is beautiful!

20.01.2022 Today the RBA met for the first time in 2021 and have decided to leave the cash rate unchanged at 0.10%. Our central bank will have been encouraged by recent better than expected unemployment and CPI numbers. It will also be keeping a close eye on rising house prices, lending growth, the continued impact of COVID-19 on our major trading partners, the Australian dollar and its effect on exporters and the looming reduction to government support packages. Rates are at a record... low and lenders continue to offer very competitive rates. We can answer your questions and look at your circumstances to make sure you're prepared for what could be coming next. This could mean refinancing or approaching your lender for a better rate. Because we do this type of work every day, we have a pretty good idea what lenders can do to win or keep your business. We're here to help if you have any questions. Please don't hesitate to give us a call.

20.01.2022 Big announcement from the Home Builder Grant ! HomeBuilder extension. As recently announced, the HomeBuilder program will be extended to 31 March 2021.... Changes to the HomeBuilder program include: A $15,000 grant for building contracts (new builds and substantial renovations) signed between 1 January 2021 and 31 March 2021, inclusive. An extended deadline for all applications to be submitted, including those applying for the $25, 000 grant and the new $15,000 grant. Applications can now be submitted up until 14 April 2021 (inclusive). This will apply to all eligible contracts signed on or after 4 June 2020. An extension to the construction commencement timeframe from three months to six months for all HomeBuilder applicants. This will apply to all eligible contracts signed on or after 1 January 2021, but will also be backdated and apply to all contracts entered into on or after 4 June 2020. An increase to the property price cap for new build contracts in New South Wales and Victoria to $950,000 and $850,000, respectively, where the contract is signed between 1 January 2021 and 31 March 2021, inclusive. o The existing new build property price cap of $750,000 will continue to apply in all other States and Territories. A change in licensing requirements and registration for builders and developers, as below o Where an eligible contract is signed on or after the 29 November 2020, the builder or developer must have a valid licence or registration before 29 November 2020. o Where an eligible contract is signed before 29 November 2020, the builder or developer must have a valid licence or registration before 4 June 2020. Other than the above, the existing program criteria applies. That is, the other existing eligibility criteria remains in place and the $25,000 grant will still be made available for eligible contracts signed on or before 31 December 2020. You will continue receive updates on HomeBuilder when more information is available.

18.01.2022 CBA Rate Announcement: Today Commonwealth Bank is announcing: > 100 bps reduction to 1.99% p.a. on new 4 year Fixed Rate home loans for Owner Occupiers paying Principal and Interest in the Wealth Package. This is CBA’s lowest ever advertised home loan rate; ... > 15 bps reduction to 2.14% p.a. on new 2 and 3 year Fixed Rate home loans for Owner Occupiers paying Principal and Interest in the Wealth Package; > 10 bps reduction to 2.19% p.a. on new 1 year Fixed Rate home loans for Owner Occupiers paying Principal and Interest in the Wealth Package; > 2.99% p.a. secured and 3.99% p.a. unsecured business loan rates through the Government’s SME Guarantee Loan Scheme, a reduction of up to 51 bps; > 2.49% p.a. rates on new 3, 4 and 5 year fully secured BetterBusiness loans, a reduction of approximately 50 bps; > These rates are effective 11 November 2020.

17.01.2022 I'm back from a lovely time of leave! With huge thanks to my amazing support crew, I'm refreshed, revived and ready to get cracking on your next loan. Looking forward to catching up with many of you soon!

16.01.2022 ICYMI: Yesterday the RBA left the Cash Rate on hold. That’s the last meeting of 2020. There is no meeting in January so the next decision on the Cash Rate will be Feb 2nd.

16.01.2022 If you've been thinking about locking in a low fixed interest rate for your home loan, but have been put off by the lack of flexibility often associated with fixed rate loans - We may just have a great solution for you! Access a fixed rate loan where you can: Pay an additional $20,000 per year without penalty AND you can redraw in need, free of charge, via online or phone banking You have the option to pay no ongoing fee, OR you can elect to have an Offset account for $10... per month The offset account option also comes with a linked Visa - we can show you how this works to maximise your money in Offset and pay no interest on your Visa purchases. Application Fee is $250 Fee of $55 to start up the Visa ($55 annual fee is waived so long as $12,000 per annum is spent, which is only $1,000 a month, so if you pay all your bills and groceries etc on the card, likely easily attainable) They also offer Guaranteed Rate: If a fixed rate is selected, that rate will be automatically locked/held for 14 days from the date the application is signed The application must be formally approved within the 14 days of the application date. Once formally approved, you must sign and return documents within the first 30 days of issue date, with a total of 90 days to settle. - We help you manage these time frames. We are awaiting this lender to announce any rate changes off the back of RBA's cut last week, however in the past they have been a market leader, so while we wait, have a think about if you'd like to explore fixing with flexibility, and let me know any queries you may have! If all of the above is completed, the rate at time of lodgement will be locked in and applied at settlement, at no additional cost. Most other lenders charge anywhere from 0.15% of the loan amount, up to $750 to Rate Lock.

14.01.2022 We are absolutely thrilled with this recent stat! Fair to say the last couple of years have been challenging for our industry, with much conjecture as to our role, it's importance, and our behaviour. To see the hard facts on just how much trust the public have placed in us as their preferred channel of lending, is rewarding beyond measure. We couldn't achieve this milestone without our customers and we will never take your ongoing support for granted. Thank You!... From MFAA: "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 the latest data released by research group comparator, a CoreLogic business, and commissioned by the MFAA. The September 2020 result is 5.2 percentage points higher than the equivalent 2019 quarter, 1.0 percentage point higher than the equivalent 2018 quarter, and 0.4 of a percentage point higher than the previous market share record of 59.7% set in March 2019. The value of new settlements recorded in the September 2020 quarter is also the largest by dollar value ever observed, as leading aggregators settled $57.47 billion of new home loans. This represents an increase of $11.43 billion or 24.82% in the value of new lending when compared year-on-year to the $46.04 billion settled in September 2019. MFAA CEO Mike Felton said the result demonstrates more than ever the critical role that brokers play in supporting their customers and the economy and the impact they have made at a time when they were needed most. This phenomenal market share result reflects the tireless support and assistance brokers have provided their customers to help them navigate the challenges posed by the COVID-19 pandemic and the first recession Australia has experienced in 29 years, Mr Felton said. It is also evidence of the ever-increasing trust and confidence that consumers are placing in mortgage brokers as our industry faces the imminent introduction of a Best Interest Duty and related reforms. We are confident that these reforms will continue to differentiate our channel and that our industry can look forward to further increases in market share in the years ahead. While I am always proud of the hard work and professionalism of everyone in our industry, the way brokers have overcome their own challenges and vulnerabilities this year, maintained their focus on their customer’s needs, while achieving their highest market share result to date, has been nothing short of inspirational, Mr Felton said."

14.01.2022 Thank you Mel for your incredibly kind review on Rate My Agent. It's truly humbling to receive such lovely feedback

13.01.2022 Good property buying opportunities may lay ahead. Despite the property market remaining strong, CoreLogic figures showed that Australia’s housing market has dipped 0.4 per cent in August. With JobKeeper and JobSeeker winding back from September and again in January, and many mortgage-holders nearing the end of repayment pauses with their banks, it will be a testing time for many home owners. Will we see a true Buyers Market?

13.01.2022 This is a really interesting look at what's happening with Inter and Instra-state migration... And it's not JUST about COVID. Have you considered moving out of the 'big smoke'?

11.01.2022 The Reserve Bank of Australia has today kept the cash rate at 0.25% for the sixth straight meeting in a row. The RBA will be closely monitoring the impact of the COVID-19 shutdown in Victoria and uncertainty surrounding the pace of a national recovery. It has previously stated that it sees a cash rate of 0.25% as a floor but may need to consider the merits of a further reduction against other stimulus options, if signs of a recovery fail to emerge.... Rates are at a record low and lenders continue to offer very competitive rates. We can answer your questions and look at your circumstances to make sure you're prepared for what could be coming next. This could mean refinancing or approaching your lender for a better rate. Because we do this type of work every day, we have a pretty good idea what lenders can do to win or keep your business. We’re here to help if you have any questions. Drop me a line anytime.

08.01.2022 Thank you Jane, for taking the time to leave a review at Rate My Agent "Great experience with Rachael Scott. Rachael is a knowledgeable mortgage broker who is really attuned to her clients' needs. I have used her for all my property transactions and each time she provides me with access to a loan that suits my needs and timing. Recently when so many lenders were delaying approvals and settlements due to COVID-19, Rachael was able to link me with a lender that gave me an approval within a week and was ready to settle the transaction days later. Great service!"

06.01.2022 I’m heading away on leave today, returning Monday Nov 2nd. For any new lending while I’m away, the lovely and talented Taylor Kelly can ably assist. Contact Taylor on 0401 261 915 or ... [email protected] For any other enquiry, please contact my amazing support crew at [email protected] or (07) 3240 4800.

04.01.2022 As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut. In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of 0.1%. In making this change the RBA has confirmed the views of many analysts that further stimulus is required to aid Australia's recovery post COVID. ... It had previously stated that it sees a cash rate of 0.25% as a floor however it has softened its stance on a reduction more recently. In the lead up to its next meeting our central bank will continue to monitor world events such as the second round of European lockdowns and the US election, while closer to home it will be hoping the easing of restrictions in Victoria and the opening of state borders will provide a lift to the economy. We will advise the movement on any bank rates here as they are announced. (I'll be honest, I don't expect much movement at all.) You can read the Governor's Statement here: https://www.rba.gov.au/media-releases/2020/mr-20-28.html

03.01.2022 Investor special offer! Let’s face it, 2020 was hard yards, but you’ve hopefully had a break and are back on the job looking for some good news to start the year. Well, we've got something for you. And it's very, very good. ... For the month of February, we’re offering new investor clients Interest Only products at P&I rates on LVRs up to 80% with AFG Home Loans. Offset account included with no ongoing fees! Check out these rates and if you're keen, get in quickly - This offer is for this month only. Contact me for full T&Cs and comparison rates.

03.01.2022 So far, ANZ, CBA, NAB, Westpac and St George have all announced new reduced fixed rates. No joy for variable rates. ME Bank have just announced a reduction of 0.15% for existing variable rate customers (effective Nov 26)- New variable rates will not be announced until Nov 26th. In-flight applications for variable loans, will be honoured with the 0.15% rate reduction.

01.01.2022 Thank you Cristy! I can't wait to see pics of your gorgeous renovations :) "I have used Rach's services on multiple occasions and I cannot rate her more highly. No matter what my finance question or situation, Rach provides excellent advice. The process is always quick, seamless and Rach will go out of her way to help explain the options in a simple and straight forward way. There's no other broker I would even consider using!"