S3F Group in Sydney, Australia | Mortgage brokers

S3F Group

Locality: Sydney, Australia

Phone: +61 2 8745 8847

Address: 14/1 Maitland Place 2153 Sydney, NSW, Australia

Website: http://www.s3f.com.au

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• Financial service
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25.01.2022 How good does Darren’s new Harley Davidson Breakout Cruiser look?? Fresh out of the dealership after having a bunch of extras added and it looks (and sounds) the goods! Darren had already received a quote on finance from our team when he walked into the dealership and when he told them the rate we had secured they told him it was a good deal and they couldn’t do any better! ... Congratulations Darren, enjoy your new bike and stay safe! If you or anyone you know is looking to buy a new bike, make sure you get a quote from our team before heading in to the dealership so you are ready to sign on the dotted line!

25.01.2022 R U OK?Day 2020 might be coming to an end but the conversations shouldn’t stop. Any day you’re concerned someone’s struggling, trust your gut and ask, are you OK? Because a conversation could change a life. If you or a loved one need immediate support contact Lifeline on 13 11 14 for a confidential chat any time of day or night. You can find other support services at www.ruok.org.au/findhelp These services are for everyone - whether you need a listening ear or are concerned about someone else.

25.01.2022 Fantastic week of reviews! We absolutely love getting this kind of feedback from our happy clients.

25.01.2022 EXCITING NEWS FOR FIRST HOME BUYERS!!! In the budget announcement last week the Government announced that from the 6th of October there will be another ...10,000 spots released for the First Home Loan Deposit Scheme. If you aren’t familiar with this scheme, it is one which allows first home buyers to get into the property market with as little as 5% deposit without having to pay any lenders mortgage insurance! However, unlike the previous release of this scheme this time it will only be for those who purchase/build a brand new home. Another fantastic part of this news is that they have increased some of the price thresholds given how unrealistic some of the previous figures where. For Sydney this means you can now spend up to $950,000 which is far more realistic than the previous figure! For regional NSW it is now $600,000 (brand new homes only, remember)! Lenders haven’t been given any specific information yet as to who will receive what allocations however we will be sure to update you once we hear more. However, you can expect that only certain lenders will be given the green light to partake in the Scheme similar to the previous rounds. If you know any first home buyers who may benefit from this news, please feel free to tag them in our post!

25.01.2022 Great day on the water with our team on Sunday celebrating a year of resilience and hard work!

24.01.2022 Congratulations to Luke & Sam on their brand new car, it looks Pawfect! You’ll have to furgive the puns, bark to work i go!

23.01.2022 With a number of the states now beginning to talk about easing of restrictions in the near future, it is a fantastic time to think about what you are going to do once this is all over? In our discussions with clients over the last few weeks, a common question is what are you looking forward to? To which a huge number of people have been saying that they are looking forward to getting outdoors. So many Australians take the great outdoors for granted, we truly live in one of ...the best countries yet so many people don’t spend any of their spare time outside! This post is a quick reminder that we can help you obtain finance for all sorts of leisure items from motorbikes and boats/jetskis right through to caravans! If your self isolation period has made you realise that you would love to buy one of these items to start a new hobby on the other side of this pandemic then get in touch today for a quote. Ownership of that dream boat/caravan/motorbike may be far more affordable than you thought!

23.01.2022 Time for another month in review! As consumer confidence hit a record low in April, the real estate market is not faced with buyers and sellers who all have different opinions on what is coming. Auction clearance rates in April fell to 30.2% across the capital cities, with a large number of properties being withdrawn or sold prior to auction. The market is now seeing a large number of properties sold by private treaty sales rather than auction. ... Despite the RBA’s Governor warning that by June we will be facing the worst economic contraction in 30 years there has been little change in property prices; in the 28 days to April 21st the change in value was only 0.4%! The Investor market remains the real challenge with an oversupply of stock and a decline in demand for rental properties. Figures from NSW Fair Trading show a 7.5% increase in bond refunds and prospective purchasers now having to decide how comfortable they are with risk. It is pretty interesting to compare this snapshot with the one from last month, the key differences are the fact that the AUD has rebounded a little bit and the consumer confidence has plummeted. Let’s see how these figures look in June!

22.01.2022 This month the Federal Government announced the extension of the JobKeeper program along with the JobSeeker supplement also being extended. Combined with extensions to the mortgage holiday many Australians will be breathing a sigh of relief as they’re given a bit more time to try and manage their financial affairs. Despite signs of rebounding rental values over the six months to March 2020, Core Logic’s Head of Research, Eliza Owen, stated that closed international borde...rs created a significant shock to rental demand, as historically the majority of new migrants to Australia have been renters. Auction clearance rates have held relatively stable in Sydney (down 1%) and Melbourne (down 4%) whilst actually increasing significantly in Brisbane going from 27% as at July 4th to 39% on the 1st of August.

21.01.2022 Has your accountant recommended that you go and buy some equipment prior to the End of Financial Year to take advantage of the instant asset write off? You may have received this advice and then had a quick chat with your bank before thinking it is all too hard. The good news is that we have got a number of lenders who are still keen to do business. They may be asking for some additional information when compared to what they asked for a few months ago however with the help of our Finance Specialists we can help you navigate the countless lenders out there to find a good fit for your needs. You may be surprised at what we can help you finance and what you can write off under the instant asset write off. If you would like to chat about the finance component, get in touch today!

21.01.2022 Heres a little bit of food for thought for your Thursday!

21.01.2022 Over the past few days the list of lenders participating in the Governments unsecured business loans of up to $250,000 has continued to grow. It is great to see some more support for the millions of small to medium sized businesses in Australia. A number of lenders are now offering this product which could give you access to up to $250,000 to be repaid over a set term with an initial repayment holiday of up to 6 months. These loans are being offered at a discounted rate on ...an unsecured basis for eligible borrowers. This could really help businesses who are struggling make it through these next couple of months. If this is something you think your business could use during this tough time, please don’t hesitate to get in touch today!

21.01.2022 Did you know that if you have got sufficient equity in your home you could potentially buy an Investment Property without needing to make a physical contribution towards the purchase? If you would like to learn more about this please give us a call today!

20.01.2022 Thanks to COVID-19 it looks like holidays are likely to be local for a little while to come, why not explore what our own backyard has to offer! Some people may need something a little newer with a few more bells and whistles and that is where we come in. If you would like to get a quote on some finance to purchase a caravan, get in touch today!

20.01.2022 Have you got life insurance? If you don’t currently have any life insurance and the loss of your life would have a significant financial impact on your significant other/dependants then this is something you should really have a think about. To get a quote, call our General Risk specialist Sam Zammit today on 0414 727 308 or alternatively send through an email to [email protected]

20.01.2022 Another great review for the team from an application which settled on Friday last week. Many people we speak with may have had a bad experience with a broker a number of years ago and have stayed away from using one since, it only takes a quick look at our google and/or Facebook reviews to find out that we have nothing but our clients best interests at heart.

20.01.2022 Have you been putting off some renovations to your home over the last few years? Given the fact the government is now offering $25,000 for substantial renovations, now is the perfect time for you to get a wiggle on with those plans. The grant is only available for those looking to spend a substantial amount (over $150,000 and under $750,000) and the property must be valued at less than $1,500,000 prior to the improvements. ... The improvements must improve the accessibility, liveability and safety of the property which means that it does unfortunately exclude building things like a tennis court, pool or shed. Combine the potential to get a $25,000 grant with incredibly low interest rates, what better time to renovate?! If you would like to have a chat about accessing the equity in your home to complete some renovations, send us a message today!

19.01.2022 Sorry to interrupt your Facebook feed with 4 heads that only a mother could love but cheers to another Financial Year done and dusted! Despite the countless challenges presented over the last 12 months we have had a fantastic financial year helping hundreds of clients both new and old. We hope that everyone out there has had a successful financial year, whether that means simply making it through the various challenges you have been faced with or if you have been able to thr...ive through the adversity and grow. We look forward to helping you kick those business goals over the coming 12 months and beyond!

19.01.2022 Wow, the official cash rate is now 0.50%! At 2.30pm this afternoon the Reserve Bank of Australia announced they would be reducing the cash rate a further 0.25% which is in line with what most people in the industry where expecting. So far two of the major banks have already said they will be passing this on to home loan customers in full which is fantastic news for borrowers! ... How much extra cash could you have in your back pocket if you weren’t paying excess interest? Now is a better time than ever to be reviewing your current home loan, there are some incredible options out there at the moment so please do give us a call if you would like a review.

19.01.2022 The federal treasurer has revealed that the increased threshold for the instant asset write-off would remain at $150,000 for a further 6 months beyond its initial deadline of 30th June 2020. Earlier this year the Federal Government announced it was increasing the threshold from $30,000 to $150,000. The boost write off formed part of the governments ‘targeted’ $17.6 billion stimulus package designed to keep Aussies in jobs and support small businesses. The extension will hop...efully give businesses the additional time required to acquire and install new or secondhand assets required to grow their businesses or for some, keep them competitive. If you would like help financing any sort of asset, get in touch with our team of specialists today!

19.01.2022 S3F are at the Wyong Races! Our sister company Consulate Finance is sponsoring race 2

19.01.2022 A couple of Life Insurance Myths that have been busted! If you would like to be pointed in the right direction for your insurance needs, send us a message today!

18.01.2022 Congratulations to Navid & Gol on the purchase of their beautiful new home! Heres what they had to say about their experience with Strategic 360 Finance and Josh in particular. "We were lucky enough to have Josh look after our finances for our new home. Josh was outstanding from the first call. His professionalism, communication and knowledge was next level. His product knowledge alone saved us over 40K on LMI. Josh kept us informed and updated at all times, we really took ad...vantage of his 24/7 contactability, and he always had an answer for our questions. To top it all off, not only was this was all done in the midst of CORONA isolation and zoom meetings, but from another state. We will definitely be continuing our future finance needs with Josh and have already recommended him to our family and friends. Great work Josh." We love hearing feedback like this, it is the reason we do what we do!

18.01.2022 Another day, another fantastic review from a very happy client. Dan & Lara's real estate agent recommended they have a quick chat to Josh after their existing broker told them that they wouldn't be approved for what they wanted after weeks of saying "you guys have nothing to worry about, you will be approved". Fast forward a few months and they are now in their new home and they also have one of the cheapest interest rates in the market right now! ... Thanks for the great review Dan!

18.01.2022 This ones for all of you who love statistics! Time for another month in review, this last month has seen restrictions begin to ease across the states. As a result, markets have rallied and consumer confidence has increased significantly from last month. Auction clearance rates to 24th May were 62.7%, the highest since the week ending 15th March 2020. Almost back to pre-COVID levels. However, according to Core Logic, stock volumes continue to remain significantly lower than ...this same time last year. Whilst a number of people are predicting significant drops to housing prices, reduced stock levels and a decent number of willing buyers are working to preserve property values. If the number of distressed property sales increases then we could start to see that drop in prices, however. There is talks of a national construction initiative which will be an incentive for people to go through the construction process or even significant renovations. If successful, these measures could be significant in reducing any forecasted downturn in the housing market.

18.01.2022 *** COVID UPDATE *** S3F Group's offices are closed during the 14 day lockdown however we are still open for business. All of our team are set up to work from home We are also able to answer the office phone remotely so please continue to call us on 02 8745 8847 for all your finance needs

17.01.2022 Are you looking to grow an investment property portfolio? The current market is a very interesting one and plenty of great opportunities continue to pop up for the taking daily. If you want to be able to act on a property and minimise your chances of missing out, you should be speaking with your preferred lender or broker now to consider getting a pre approval submitted. ... We can help you with a fully assessed pre approval, this will allow you to confidently make offers on that property without the burden of not knowing if you will be approved!

17.01.2022 85% LVR with only $1 LMI?!? Yes, that is correct. One of the lenders on our panel is now discounting lenders mortgage insurance (LMI) for eligible first home b...uyers down to $1! A potential saving of thousands! This offer is only available for those who have not owned property in the past and the loan amount cannot exceed $850,000. If you or someone you know has been diligently saving over time to try and avoid paying LMI then this could be just what they need to get their foot in the door. If you would like to learn more about this offer and if you may be eligible, give us a call today on 02 8745 8847 or message us using the button below.

17.01.2022 Government extends COVID-19 SME Guarantee Scheme The government guarantee scheme for small business is to be extended to permit secured lending and also to increase the maximum loan size and terms. Currently, the scheme has already seen more than 15,600 businesses take up loans worth more than $1.5 billion. From the 1st of October through to 30 June 2021 the maximum loan size available under the scheme will quadruple to $1,000,000 per borrower and the current maximum loan t...erm will increase from 3 years to 5 years. It will be interesting to see if various other schemes and incentives are also extended far further than initially expected. Watch this space!

17.01.2022 Yeah sure, your existing bank may lend you the money for that investment property. However, will they structure your finances in a way that will allow you to continue to grow an investment portfolio? An incorrectly set up investment property portfolio is often the reason that people get stuck at a certain number of properties. With the correct structure and some forward thinking you could see that property portfolio grow at a much quicker rate. If you would like to speak with one of our home loan specialists give us a call today!

17.01.2022 Over the past week there has been a number of significant announcements made which could directly assist you or a small business you may know. These announcements seem to come in waves and it has been incredibly tough to keep on top of the various stimulus packages announced and hardship programs released. Below is a very high level overview of what has been announced so far. Commonwealth Government: A total package of $A66.1 bn that includes: JobSeeker payment, early relea...Continue reading

16.01.2022 This months update is a little bit late, but here it is! There are clear signs that major Aussie propery markets like Sydney and Melbourne are recovering after a couple of tricky years while other markets like Perth and Darwin are still on struggle street. The start of 2020 sees the introduction of the federal government’s First Home Loan Deposit Scheme (FHLDS) which you have no doubt seen our countless posts on. This scheme is going to increase the supply within the eligibl...e price brackets but will likely create a sense of price inflation in this bracket aswell due to the increase competition for these properties. We cannot wait to see what the 20’s will be like for property markets in Australia. What do you think this next decade will bring?

16.01.2022 Would you take the leap? Not the leap from this cliff, the leap to a new bank? A recent survey has revealed that almost a fifth of Australia mortgage holders would not consider switching banks despite the potential savings of tens of thousands of dollars!... The survey completed by Finder found that 17 per cent of mortgage holders (out of 1000 people sample space) would never consider switching. Many people tend to have a ‘set and forget’ mentality when it comes to their home loan. Whilst we agree it is good to have this mindset for a few years, you should certainly be reviewing your home loan and at the very least, making sure you are getting the best deal possible with your current lender. A number of people we speak to each day think they are getting a good deal with their current financier due to their loyalty but unfortunately this usually is not the case. If you would like a review of your finances, give us a call today!

16.01.2022 Congratulations to Alex & Kayla on the purchase of their first home! Heres what they had to say about their experience with Strategic 360 Finance and Sam in particular: "Sam from Strategic 360 Finance has been beyond helpful to us in securing our first home loan. He was extremely efficient and friendly, and always available. Thank you Sam for all your hard work!"

14.01.2022 Some new data made available by CoreLogic has found that 44% of non home-owners are unaware that you can buy a home with less than a 20% deposit! The data tells us that: 12% of non-homeowners don’t believe they could save any deposit. ... 34% of non-homeowners believe they could save a 1-9% deposit. 23% of non-homeowners believe they could save a 10-19% deposit. 15% of non-homeowners believe they could save a 20% deposit and the remainder believe they could save more than 20% as a deposit. This is rather alarming information when in fact you could be eligible to buy your first home with as little as 5% genuine savings if you are eligible for some of the governments current first home buyer initiatives. If you would like to talk more about buying your first home, please give us a call today!

14.01.2022 Congratulations to Brandon on the settlement of his first home this afternoon. Can't wait to see what you do with the property, let the renovations begin!

14.01.2022 Here is our snapshot of the economy for the last month, these posts are going to be very interesting to compare to the prior month as we progress through this pandemic. Usually we only post the recent months figures however for the next few months i think we will also post the previous months figures in one photo so you can compare and track how things are moving. The most significant changes here are the huge drop in consumer confidence, disposable income and the strength ...of our dollar against the USD. Property figures are still up compared to the previous month in most states across both houses and units, it will be very interesting to see what happens here over the coming months.

14.01.2022 Heres a short video of a chat between Daryl & Scott the other day answering some of the common questions about Pharmacy lending lately.

13.01.2022 This month in review! Despite the first phase of the Federal Government’s COVID-19 stimulus winding down, there has been a positive turn in housing market senti...ment. Customer confidence has increased and according to Core Logic, new listings rose, with six of the eight capital cities recording a rise in home values over the month. The Morrison government has also announced plans to relax responsible lending obligations to help kickstart the economy, this is set to take place in March 2021. The Morrison government are hopeful that this will see an increased flow of credit with potential for more Australians to enter the property market.

13.01.2022 Introducing to the strategic 360 Finance Team our Client services Manager Genna Johns, Genna brings with her a wealth of knowledge in dealing with Clients during what is usually a very emotional time welcome aboard Genna.

13.01.2022 Are you sick and tired of those squeaky brakes? Or maybe the radio doesn’t quite work like it used to? We can help fix that! One of our finance specialists can help you with the entire process of buying a new car, from sourcing the vehicle (at incredible prices) right through to arranging the finance. ... We make it super simple, our goal is to alleviate all of the stress and get you into your new car as quick as possible.

13.01.2022 Out on the course with our Club colleagues and industry partners #clubsnsw #mfaa

11.01.2022 Not only have we seen an abundance of rain drops over the last week, we have also seen a number of rate drops as well! It has now been a week since the RBA announced the 0.25% reduction to the cash rate and what a week it has been. Each and every one of the lenders that we work with regularly have since announced that they will be reducing their interest rates, most of them passing on the full 0.25% on their variable rates and many of them announcing a suite of new fixed ra...tes which are mind boggling low. If you would like to know how low the fixed rates on offer are, give us a call today!

11.01.2022 Here is a good read for those who may not be familiar with how claiming interest on investment loans actually works. https://www.strategic360finance.com.au//CTA-Claimingintere

11.01.2022 Well, heres another post about that bloody coronavirus! This month the RBA made the decision to cut the official cash rate down to 0.50% to assist in stimulating any downturn that the coronavirus may be causing throughout the economy. If history is a guide, demand for property increases during times of economic uncertainty. How long the uncertainty around the virus will last is unknown however at this stage. ... Demand for property could also be positively impacted by the early high level of interest in the federal governments new First Home Loan Deposit Scheme.

10.01.2022 Starting tomorrow, on the 1st of May, CBA will begin the process of automatically changing your home loan repayments to the minimum. For many households across Australia this will likely come as welcome relief however there are also plenty of people out there who won’t be benefiting from this change long term. If you are comfortable with your current repayments, you are able to opt out of this change. ... Call our office today to find out more!

10.01.2022 Still working but a little bit concerned about your financial position and your budgeting for the next few months? If you are lucky enough to be still currently working but have got a number of unsecured debts/credit cards ticking along that you are concerned about, now is the time to get ontop of them. The banks are still open for business, they may ask some questions around your job security in light of COVID-19 however if your employment is solid and we can explain why yo...ur work is essential then we won’t have any issues. Rates are at record lows and if you are not reviewing your finances during this time of global pandemic then you may be doing yourself an injustice. Just yesterday we had a refinance application settle where the clients loan repayments have reduced by about $1,500 per month. I can’t think of a better time to free up $1,500 per month!?

10.01.2022 Can you solve this? Dealing with the banks can be very much like solving riddles. If it isn’t something you are doing day in day out, you won’t be sure what to look for and it could take you a while to figure it out. ... Luckily, our team is far better at dealing with the banks than we are at solving riddles. If you are sick of dealing with the bank and want to hand over the task of securing finance to someone else, send us a message today! By the way, can you solve the riddle?

10.01.2022 Lunchtime shenanigans today Alan looks pretty unimpressed, we will have to teach him how to change the background on Zoom In more important news.. Today brought a really interesting announcement from one of the major banks. A really good announcement if you ask us. NAB has today announced that for all purchase applications that were already submitted and in their pipeline prior to 30/03/2020 where the customer can either demonstrate the ability to cover proposed payments a...nd living expenses for 6 months OR the impact of not proceeding will have a negative impact (eg. deposit lost) then they will proceed to fund for those applications. This has been right up there on the list of questions we have received over the last few weeks and it is really good to see one of the major banks actually putting something in writing about this topic for a little bit of guidance. It doesn’t appear that this will apply to applications which were only conditionally approved but it is some fantastic assurance for those who have a formal approval and are pending settlement and have actually paid a deposit and committed to completing a transaction. Some banks have drastically changed their thoughts on applications which are currently formally approved pending settlement so this is a very welcome announcement.

09.01.2022 Well, this is our new norm for a little while! We are all still available and you can still contact us either on the office number 02 8745 8847 or on our mobile numbers. This week we are really starting to see the severity of the unemployment issue that is presenting itself. If you have lost your job and you have got any sort of financial commitment, you could be eligible for hardship assistance with your bank. ... We have been working hard this week to learn the ins and outs of each banks hardship process and we are happy to walk you through what you need to do to get some temporary relief. If you are a renter, hold on! The Government is going to be announcing some sort of relief package later today which will hopefully provide the support and temporary relief you need to get through this tough time. If you are struggling, speak up! COVID-19 is going to have an impact on everybody and we are all in this together.

09.01.2022 We will remember them.

08.01.2022 Congratulations to Steve & Sabrina on the purchase of their first home! It is the transactions like these where we get to help a young couple navigate the daunting process of securing finance and buying a first home that are the most rewarding.

07.01.2022 COVID-19 and financial hardship As the pandemic continues to become more serious, a number of banks have begun making announcements on various topics. One of the most important topics is obviously the financial risk which will come with this pandemic. Each and every day the number of businesses who are being forced to close doors and enter a state of self quarantine is growing. For some industries this is fine, however, for many industries this is not fine. ... What this means is that people who work on a contract or casual basis will be looking at a potential period of no income coming in whilst their regular living expenses continue to roll in. Certain banks have already made it clear they will work with borrowers and can put them on alternative payment arrangements where necessary. If you are concerned about your ability to make repayments in the coming weeks/months please get in touch today and we will be happy to point you in the right direction with your bank.

06.01.2022 ATTENTION BUSINESS OWNERS!! Have you seen the Governments new stimulus package? The Morrison Government’s stimulus measures have now been made public and include a $25,000 cash flow boost for small and medium sized businesses, a subsidy to help preserve apprentices jobs and a huge increase to the current instant asset write off limits. ... Businesses that withold tax on their employees’ wages could be eligible to receive up to 50% of the amount of witheld, up to a maximum of $25,000. The current $30,000 instant asset write off is going to be increased to $150,000 which is really going to help some of the small businesses out there. If you would like to know more about the above, please give our office a call today!

06.01.2022 Did you know? As of this week, auctions are permitted again in NSW! Only 10 people can gather for an auction or inspection at any time however this is still a huge improvement on 'new norm' for the last few weeks/months. ... If there has been a property sitting on your radar for the last few weeks, maybe you should try and take a look at it this weekend!

05.01.2022 It’s hard right now to see what a post pandemic property market will look like, but there’s one thing that most experts are agreeing on right now - first home buyers with a secure job should be house hunting right now! This year saw the introduction of the first home loan deposit scheme (FHLDS) which has been incredibly popular and has successfully increased the number of first home buyers in the market. Generally speaking, first home buyers don’t like fast moving markets, t...hey can get put off by a hot market where there is no time for them to analyse their decision and consider their next move. They also don’t generally like investors as they are often going for similar properties. Right now there is no doubt a reduction of investment activity in the market given the six month moratorium over evictions and this is something first home buyers should be capitalising on. If you have been diligently saving for the last few years and you are confident that your job is secure despite the global pandemic, you should be getting in touch with us today to have a discussion around your capacity and if now is the right time for you.

05.01.2022 Congratulations to our loyal client Brennan on the new rig! Looks awesome, hopefully it isn’t out in the rain right now.. Wishing everyone a safe weekend of social distancing!

04.01.2022 This Month In Review The September quarter saw auction volume increase across all capital cities, auction clearance rates also increased and this trend has cont...inued into October. According to the RBA October was the month where most mortgage deferrals were due to expire. The coming months will shed light on how many vendors need to sell because of mortgage distress. However, this weeks interest rate announcement by the RBA may help bring some relief to some borrowers as rates continue to fall to all time lows. Following from the above comment about the RBA announcement, if you haven’t already switched all or part of your loan over to a fixed rate now really is the time if you don’t have plans to be paying any extra repayments.

04.01.2022 Are you a small business owner? Have you had a discussion with your accountant around the recently announced $150,000 instant asset write off? If you haven’t, now is the time to do so with the end of financial year getting closer every day. ... We can help arrange the finance for just about anything that your accountant can write off under the governments new package. To get a quote give us a call today on 02 8745 8847

04.01.2022 Have you somehow found yourself with a number of small, yet pesky, unsecured debts? If so, you are not alone! A huge amount of Australian’s often become quite comfortable with having personal loans, credit cards and other small debts ontop of their mortgage. However, it can turn into a vicious cycle that never ends. ... Throw a global pandemic in the mixer and you really have a bad recipe. It can be seen as such a negative thing to consolidate your short term debts into your home loan however with the correct strategy behind it, it definitely makes sense! Did you know that you could do a seperate loan split on your home loan for these bad debts and we could work out a plan where you have it paid off over a certain amount of time? If you think you need to have a chat with someone about a potential debt consolidation, give us a call today or click the message button below!

03.01.2022 Wondering how to get a couple more of these back in your pocket each month? Making sure that you have got the most competitive mortgage possible is a great way to do so! If you haven’t reviewed your home loan in over 2 years then chances are you are paying too much interest and you may be able to reduce your monthly repayments, potentially without even needing to refinance to a new bank!

03.01.2022 Nothing like sneaking in a formal approval for a client on Christmas eve to secure their block of land. It was a nervous wait for the client (and me!) but we came good in the end. Now it is time to put my feet up and have a cold one! Merry Christmas all.

01.01.2022 Do you know the difference between redraw and an offset account? Over the weekend there was an incident where ME Bank reduced/removed the amount of available redraw for a number of home loan customers. The bank have come out and made a statement that this was due to an error in their system with the way they had been collecting payments for loans that had redraw available but this is nonetheless something that all borrowers should be aware of. A redraw facility is a feature ...of a loan product, it is not a seperate account. This is money the lender 'allows' you to take back out of the loan where you have paid over and above the minimum. Whilst it is not the most ethical thing for the bank to do to access this money, they are within their rights to do this. An offset account on the other hand is a completely seperate account and so long as you are banking with an authorised deposit-taking institution (ADIs) then the governments guarantee on deposits upto $250,000 should apply to the funds in your offset account. If you would like to have a chat about your current home loan structure and if it is still right for you, please give our office a call on 8745 8847.

01.01.2022 Now may just be the perfect time to purchase a home if you’re a first home buyer.. Here’s why we think there is an opportunity right now for first time buyers: - The Governments First Home Loan Deposit Scheme (FHLDS) releasing more spots on the 1st of July. This scheme involves the government guaranteeing 15% of your loan so you only need to contribute 5% and there won’t be any mortgage insurance to be paid!!... - No stamp duty to be paid under the First Home Buyers Scheme provided you purchase a property within the parameters (no stamp duty under $650k and then a reduced amount up to $800k) - $10,000 grant available to those who purchase a brand new home that fits the criteria. For house and land packages, it must be under $750,000. If you are buying a significantly renovated house there is also potential you MAY get this.. - The recently announced HomeBuilder grant, this one isn’t only for first home buyers but if they meet the eligiblity, theres another $25,000 booster if the eligiblity criteria is met. This requires either undergoing significant renovations OR taking a building contract for construction of a new dwelling within the parameters. - Last of all, record low interest rates!! The above figures are all based on offers available in NSW, offers can vary from state to state but the above should definitely be getting first home buyers excited!