Regnum Finance in Melbourne, Victoria, Australia | Loan service

Regnum Finance

Locality: Melbourne, Victoria, Australia

Phone: +61 428 012 300

Address: 26 Bateman Grove Hampton Park 3976 Melbourne, VIC, Australia

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

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25.01.2022 Buy vs Rent - What’s the Best Option in 2020? With interest rates at their lowest level in more than 50 years, in many locations around Australia, it’s now become cheaper to buy than rent. So, should renters start thinking about buying?... Pros of Buying - Record low interest rates mean record low repayments. - The Government is throwing tens of thousands of dollars’ worth of incentives at first home buyers. - You’re buying an asset that will appreciate over time. - It’s yours and you can do what you want with it - including hanging pictures on the walls. Pros of Renting - You can live anywhere you want including higher priced suburbs, which might not be easy to buy into. - You won’t need to save up a large deposit to continue as a renter. - The landlord will pay for maintenance and repairs. - You’re free to move and live in different areas and cities.

25.01.2022 What are Genuine Savings? Many first home buyers can often get caught out with the concept of genuine savings. When applying for a home loan, having a deposit that you’ve saved is something that most lenders like to see. When you are able to save, it demonstrates that you are able to handle your finances, which makes you someone a bank would like to lend money to....Continue reading

24.01.2022 3 Reasons to Refinance 1. Record Low Rates - Mortgage rates are now at the lowest levels we’ve seen in history. By refinancing you could access a lower interest rate and save thousands of dollars a year. 2. Get a Cashback Rebate - Worried about the costs of changing home loans? Some lenders will give you a rebate which could cover any out-of-pocket costs. This can really help if you have a fixed-rate loan and want to change.... 3. Free-up Cash - If you’ve got equity in your home or investment property, you might be able to access it to invest in another property and grow your portfolio. ************** This is general information only and is subject to change at any given time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. CRN: 522571. Regnum Finance

23.01.2022 Property Prices Remain Steady Property prices across the country continue to remain steady despite Victoria going back into stage four restrictions. As a result, Melbourne has been the weakest market over the past month, with values falling -1.2%. However, prices are still 6.6% higher than they were this time last year.... Across all the capital cities, prices have weakened by -0.6% over the month. However, over the course of the year, values are still slightly higher - up 0.4%. So far, the large price falls that we’ve been hearing about just aren’t happening, with most homeowners simply riding out the storm.

23.01.2022 Housing Markets Across Australia Fall in July Housing markets have recorded another fall in July, making it three straight periods of declines for dwelling values. However, the magnitude of the falls has been relatively minimal, with just a -0.6% decline in July and a -1.6% fall over the last quarter.... The falls have been most pronounced in the higher-end of the market in both Sydney and Melbourne - two markets that are traditionally heavily auction focused. Meanwhile, Adelaide, Hobart and Canberra remain resilient and have seen home values increase over the last three months, throughout the COVID period.

14.01.2022 5 Steps to Making a Strong Offer In the current environment, with auctions seeing reduced activity, there is once again more focus on private treaty sales. A key part of the sales process when using a private treaty is the offer and acceptance process. Understanding what makes a strong offer is not only important, it could potentially help you achieve a positive outcome.... When making an offer on a property, it’s important to understand the implications of what that offer might look like to the vendor. Here are five things to consider before making an offer. Understand a Property’s Value When a real estate agent lists a property for sale at a given price, they are generally going to be using comparable sales data to get a better picture of what that property might be worth. They will be looking at properties of similar size, age and land component and trying to determine how much demand that type of product is receiving in the current market. The first step to putting in a strong offer is to know the market, as well as the sales agent. You need to monitor recent sales and see how fast properties are selling and at what price. Vendor Motivation After examining what’s been selling in the vicinity of your property of interest, you need to then focus on why the vendor is selling. While this information might not always be made available to a potential buyer, speaking with the agent is usually the best way to get a better understanding of the vendor’s position. As a general rule, a vendor that needs to sell quickly for personal reasons could potentially be willing to accept a lower price to make that happen. Consider Your Conditions of Sale One of the big differences between buying at auction or via private treaty is the buyer is often able to include a range of conditions. Conditions are generally things like ‘subject to building and pest inspection’ or a ‘subject to finance’ clause. From the vendors perspective, the fewer conditions you attach to the offer, the more appealing it is. However, a vendor is far more likely to accept an offer with multiple conditions attached if the price is what they want. ************** This is general information only and is subject to change at any given time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. CRN: 522571. Regnum Finance

13.01.2022 Why not let a qualified professional do the shoppingaround for you? We compare hundreds of loans from over 50 lenders to find the best loans to suit your needs and assist you through the whole loan process. Lets talk 0428012300!

11.01.2022 Should You Consider a Cash-Out Refinance? With many Australian’s still being impacted by COVID-19, the situation has forced everyone to examine their financial situation closely. If you’re one of those who are looking at ways to free up some cash ‘just in case’, then a cash-out refinance might be something to consider.... A cash-out refinance can work by taking out another loan, which is larger than your initial mortgage. This is usually a possibility when there has been some growth in the value of your property and you’ve been able to build up some additional equity. Generally speaking, homeowners are able to use the additional funds to put towards things such as purchasing an investment property, consolidating debt or even keeping it aside for a rainy day. However, there are also some other considerations that you will need to take into account. Not all lenders are as comfortable letting you ‘cash-out’ as they used to be. Depending on the type of loan and lender, you might even be required to indicate how you intended to use the funds that are going to be released. Speaking to a mortgage broker is usually the best place to start. Advantages of Cashing-Out - There is the potential to lower your interest rate with a new loan. - If you are carrying a lot of high interest debt, rolling it into a new mortgage, could see you end up with lower payments. - You can put the cash-out funds to good use and look to make some improvements to your current home or investment property - potentially adding value above and beyond the cash-out amount. Disadvantages of Cashing-Out - Leveraging off your family home if you’ve run into financial trouble might not be a sound plan. - You can only borrow up to 80% of your property’s value before being forced to pay Lenders Mortgage Insurance (LMI). - Your repayments could be higher and you might end up paying more interest if you extend the length of your loan. - If you’re looking to consolidate debt, the benefits of lower interest costs might be offset by a longer loan term. - There are costs associated with a cash-out loan. Before considering any type of cash-out or equity release where you’re home is at stake it is important to closely consider what you intend to do with the funds. There are other options available to access equity and even other types of loan products that might be more suited to your financial situation. The best place to start, is to speak with a mortgage broker to let them assess your personal situation. ************** This is general information only and is subject to change at any given time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. CRN: 522571. Regnum Finance

11.01.2022 Purchasing your first home can be an equally exciting and daunting experience. Regnum Finance is here to assist you and support through the entire loan process. By spending time with you to learn about your current situation and final goals, we are able to compare hundreds of loans to find the best one to suit your needs, help work out what you can afford to repay, explain products, as well as any fees associated with them and get your pre-approval before you start looking at properties. Lets Talk: 0428012300

09.01.2022 How to Make the Most of Your Equity One of the most powerful elements of property investing is that you can access the equity you have in your current property to continue to invest and grow your portfolio. It can be a misconception that you need to have huge sums of money to grow a large portfolio when in reality, you just need to wait for the natural growth that occurs over time and leverage the equity that has been created....Continue reading

07.01.2022 How to Avoid Getting Your Loan Application Declined One of the most frustrating things that could happen to a homebuyer is getting your application for finance declined. By this stage, you’ve already likely been to dozens of home opens, organised all your paperwork and potentially even put an offer in on a house. Falling over at the last hurdle is not only frustrating, but it can also feel like your dreams are over....Continue reading

06.01.2022 Property Market Update With COVID-19 wreaking havoc on just about every area of our economy, its looking likely that Melbourne, Sydney, Brisbane, Adelaide and Perth will see slight downturns again for the month ahead. According to Michael Yardney’s Property Update (one of the world’s leading property investment websites), the month of June saw the capital city index fall as much as 0.8%, however it’s not that much of a surprise.... Listings have been on the rise as buyer confidence looms ever so slightly as we carry on into the beginning of July. More people are starting to come to open houses and inspections as well as seeing an increase to online purchases and enquiry. Clearance rates Auctions Sydney and Melbourne remain in the 60-70% range with 66.9 and 62.7 per cent clearance rates respectively. Rentals Rent prices have been dramatically discounted in Sydney and Melbourne with property website Domain concluding that 1 in 3 rentals had been slashed between the start of 2020 leading up until now. Lack of employment opportunity, complete job losses and zero immigration have all contributed to these saddening facts and dismal figures, but is it all as bad as it seems? CoreLogic’s Tim Lawless didn’t think so. Tim explains that a fall of under 0.5 per cent isn’t as bad of a hit as the experts had expected given the situation over the past few months in other words, it’s significantly slowed but was projected to be much worse. Also, as restrictions start to ease, we may see the curve begin to head in a levelling direction over the proceeding months. What’s likely to come? Increase in buyer demand Numbers of sold properties provide an expected positive outlook for stock numbers Rental markets likelihood of strengthening prices None of us can predict the future of the Australian property market meaning more would be buyers are stuck on the fence about where to purchase and when. However overall things are looking promising! ************** This is general information only and is subject to change at any given time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. CRN: 522571 Regnum Finance

04.01.2022 5 Reasons to use a Mortgage Broker. 1. Mortgage brokers aren’t tied to lenders or loans - Mortgage brokers are able to save you time and money by finding the right loan and lender for you. 2. They can guide you - Not only will a mortgage broker help you find the right loan, they can also help you with the homebuying process. Liaising with everyone from accountants to real estate agents, ensuring the entire home buying process is a breeze.... 3. Brokers provide a service - You don’t have to pay to work with a mortgage broker and their fees are generally covered by the lender. 4. Get approved faster - Because mortgage brokers have a strong relationship with a range of lenders, they can often get your loan approved faster. 5. Brokers help in specific areas - Many brokers are experts in different areas of specialisation, such as working with first home buyers or getting construction loans or loans for property investors. Often banks simply aren’t going to be across the different options. ************** This is general information only and is subject to change at any given time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. CRN: 522571. Regnum Finance

04.01.2022 Mortgage Market Update It’s the questions on everybody’s mind What will the property market look like post-COVID? The short answer is woeful for the short-term. However, long term analysis points to an eventual recovery, unfortunately it’s almost impossible to put a finger on the ‘when’. The best thing market-related right now is the HomeBuilder grant as many are looking to take full advantage of it. Remember, if you’re in the market to buy through this time, there are a pl...ethora of government grants available to assist you with getting a foot on the property ladder including: First Home Loan Deposit Scheme First Home Super Saver Scheme First-Home Owner Grant First-Home Buyer Assistance Scheme Stamp Duty Exemption It’s important to note that some of the above are only applicable to specific states and also have a range of conditions. Here’s what’s been happening in the world of lending, at a glance: Interest rates are still at an all-time low and are likely to remain that way. Refinancing rates are on the rise Coronavirus has affected small business, families and just about anyone with some type of loan severely. There’s a push for the government’s $25,000 HomeBuilder grant to be extended beyond December 31st Buyers are yearning for eligibility clarification. Changes were made to the HomeBuilder scheme Buyers now have a three-month period in which they may organise building and finance approvals before work must begin on their new home. As changes are being made across every industry sector on a daily and weekly basis, it’s anyone’s guess as to how the markets react through July and well into the winter months. ************** This is general information only and is subject to change at any given time. Your complete financial situation will need to be assessed before acceptance of any proposal or product. CRN: 522571. Regnum Finance