Sydney Mortgage Pro in Lindfield, New South Wales | Mortgage brokers

Sydney Mortgage Pro

Locality: Lindfield, New South Wales

Phone: +61 406 898 999

Address: 311A Pacific Hwy 2070 Lindfield, NSW, Australia

Website: www.loanmarket.com.au/bita-masrour

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25.01.2022 Please check this out.

25.01.2022 Could peer-to-peer lending save first-home buyers? No-one doubts that its miserable to be a first-home buyer in Australia at the moment. However our troubles d...own under pale in comparison to the US, where high unemployment and even higher student loans make home-ownership extremely difficult. This situation, writes Rachel Novell in our sister-magazine Mortgage Professional America, is spawning a new type of lender. SYDNEY Sydney Mortgage Trading as Loanmarket, the largest provider of the largest provider of student loan refinancing, is now offering mortgages and says it intends to help home buyers purchase sooner, as well as qualify for more financing than other lenders provide. Our marketplace model allows us to provide new alternatives to help people buy a home they love, now. After testing more than 1000 mortgages, SYDNEY MORTGAGE has opened the platform to plans to target first-time home buyers with student loan debt, the company still requires borrowers to have a good credit score and have a maximum debt-to-income. Like most lenders, high credit scores are crucial to ensure defaults and enquiries are kept to a minimum and to give their investors confidence. The $10,000 First Home Owner Grant (New Homes) Scheme is available for eligible first home owners who buy or build new properties valued up to $750,000. The First Home Owner Grant (New Homes) Scheme is NSW Government initiative to help you purchase your first home. The First Home stamp duty, New Home scheme commenced from 1 January 2012 and provides eligible purchasers with exemptions from transfer duty on new homes valued up to $550,000 and concessions for new homes valued between $550,000 and $650,000. Eligible purchaser buying a vacant block of residential land to build their home will pay no duty on vacant land valued up to $350,000, and will receive concessions for vacant land valued between $350,000 and $450, 000. These rates apply from 1 July 2012. What if my agreement is dated between 1 January and 1 July 2012? Agreements for sale or transfers entered into between 1 January 2012 and 1 July 2012 the following applies: eligible purchasers will be exempt from duty on new homes valued up to $500,000 and will receive concessions for new homes valued between $500,000 and $600,000 eligible purchaser buying a vacant block of residential land to build their home will pay no duty on vacant land valued up to $300,000, and will receive concessions for vacant land valued between $300,000 and $450,000. Am I eligible? To be eligible for the duty concession or exemption: at least one buyer must be an Australian citizen or permanent resident the agreement must be for the purchase of the whole property you must be a natural person (not a company or trust) you must be over 18 you or your partner have not previously owned residential property in any form in any State or Territory of Australia at least one purchaser must occupy the home within 12 months and needs to live in the home for a continuous period of at least 6 months. If your partner has previously owned a home or received a benefit from us under the First Home -New Home Scheme, you will not be entitled to receive a concession or exemption. Please let us know if you need any further information by contacting us on 0406898999 or 02-9880 9129

23.01.2022 Get prepared for tax time How being organised can save you money to put toward your home loan instead Tax time can be stressful, but with a bit of preparation and organisation, you might be able to save yourself time, energy, and most importantly, money. The additional funds will be particularly useful if youre looking to apply for, or make extra payments toward your home loan. Develop a system... Its important to keep a clear record of your incomings and outgoings throughout the year. Put aside time at the end of each month to enter your deductions into a spreadsheet, and keep all your tax related paperwork together. Develop a simple filing system categorised by months so you can locate things quickly when you need them. Bear in mind most lenders require the past two years worth of tax returns to show consistency of income, particularly if you are self-employed. Banks want to see a maintained level of income so they know youre in a position to service the loan. Understand what you can claim What you can claim depends on the job you have. Do your research beforehand to avoid saving irrelevant receipts. If you are claiming on an investment property, find out what is and isnt deductible. Keep all paperwork relating to: Council and Water Rates Strata Levies Insurances Agent statements Bank fees Borrowing costs Repairs and Maintenance Interest on loans Depreciation Travel expenses Renovations/improvements on the property Land Tax Talk to the experts Your accountant can provide you with useful advice regarding your tax claim, as well as tips on how to organise your records and simplify your returns in the future. If you have recently bought an investment property, youll save time and money by getting your claims right the first time. Make sure you provide your accountant with all the necessary paperwork, including your purchase settlement statement, loan offer document and depreciation schedule. If your property is still under construction, youll be eligible to claim interest and holding costs in most cases. Be knowledgeable Educate yourself on what you can claim, as well as the tax implications of your investments. If you understand why certain documentation can help you at tax time, youll be able to save time preparing for the following financial year. POSTED 26 APRIL 2017 View More

22.01.2022 Just a short note our office will be closed Monday the 13th of June for the Queens Birthday Public Holiday. Have a safe and wonderful long weekend

21.01.2022 UBS flags reverse mortgage risk as market turns A surprise decision by a regional bank to exclude reverse mortgage earnings from its cash profit calculations ha...s led UBS to question whether the UBS flags reverse mortgage risk as market turns has rung the bell on housing. In a Monday trading update, Bendigo and Adelaide Bank (ASX: BEN) explained that it has changed the treatment of its equity release/reverse mortgage product, Homesafe, for cash earnings purposes to exclude any unrealised income and/or losses and associated funding costs. The announcement comes as the bank prepares to report its full-year results on 14 August. The Homesafe product allows older Australians to sell a stake of their homes in return for an upfront cash payment to help fund their retirement. The banks ownership stake in the property then rises over time with a gain or loss made when the home is sold, usually when the customer dies or downsizes. In a research note titled Ding, Ding, Ding Has BEN rung the bell on housing?, UBS analyst Jonathan Mott said Bendigos accounting change is appropriate, but that the timing is unusual. BEN has been booking substantial Homesafe mark-to-market gains (and very occasional losses) through its 'Cash Earnings' since 2007. It is only now as Sydney and Melbourne house prices are in bubble territory and house prices have begun to slip in recent weeks that BEN has changed its policy, he said, noting that it is likely BEN would have booked further mark-to-market gains in 2H17E. UBS believes the reverse mortgage product is a risk to the bank and says that while Homesafe is profitable, it should not sit on Bendigos balance sheet. Homesafe is extremely lucrative in periods of rapidly rising house prices in Sydney and Melbourne (such as the last three years) but in the event of a fall in house prices or even a prolonged period of flat house prices, is an earnings headwind, Mr Mott said. As a result, we are glad to see BEN is no longer [marking]-to-market these movements through its cash earnings. The latest figures from CoreLogic, released last week, showed home values in Sydney and Melbourne fell by 1.3 per cent and 1.7 per cent, respectively, during the month of May.

19.01.2022 Australias largest lender has lifted its variable rates for property investors and revealed it will introduce new interest-only products in March. Commonwealth Bank today announced an increase in its standard variable investor home loan interest rates by 7 basis points, to 5.56 per cent per annum, and an increase in Viridian Line of Credit interest rates by 15 basis points, to 5.78 per cent per annum. Australias largest lender has lifted its variable rates for property inve...stors and revealed it will introduce new interest-only products in March. Commonwealth Bank today announced an increase in its standard variable investor home loan interest rates by 7 basis points, to 5.56 per cent per annum, and an increase in Viridian Line of Credit interest rates by 15 basis points, to 5.78 per cent per annum. In addition, CBA said it is introducing new interest-only products, for customers using this repayment option. The bank said customers affected by the introduction of the new interest-only products will be notified with their regular statements. The product change will be effective in March 2017. No changes have been made to interest rates for owner-occupiers. CBA said its owner-occupier standard variable rate remains at 5.22 per cent per annum. Business rates also remain unchanged. The banks group executive for retail banking services, Matt Comyn, said CBA has carefully considered the current environment when making this decision in particular the higher costs associated with funding mortgages, the increased capital costs associated with providing home loans and the need to remain below the regulatory 10 per cent investor home loan growth cap. We believe these changes balance the needs of our borrowers and shareholders, while helping to underpin the long-term sustainability of the Australian home loan market, he said. We continue to offer competitive rates across our products, including the lowest owner-occupier standard variable rate among the major banks, and a range of competitive fixed rate products. We encourage our home loan customers to speak with one of our lending experts so we can provide them with a home loan solution that is best for their needs. The new rates are effective from 16 December 2016. BUT If you are not very careful, the interest you pay can end up costing you more than you can afford. As your finance and mortgage broker, we are not just here to help you find the right solution for your home loan. We can help you with all your financing needs including budgeting, debt management and debt consolidation. We consider it a vital part of our service to save you money on interest so you can use your money to enjoy a better lifestyle or invest it to build wealth for your future. For assistance or more information about reducing your interest obligations over more than 30 lenders, please give us a call on 0406868999 - (02) 98809129 Well be happy to help.

18.01.2022 Hi, Is there any construction company or licence builders here? Please let me know as I have a good deal. Thank you

18.01.2022 Another successful investment seminar

17.01.2022 https://www.facebook.com/events/195205904331110/?ti=icl

17.01.2022 Hi everyone, This month has already seen an exemption to stamp duty for first home buyers- read on to find out where. VIC abolishes stamp duty Stamp duty has been cut for first home buyers in Victoria -on new and existing properties- as announced, earlier this month by premier Daniel Andrews.... Starting July 1, 2017, anyone buying a house for the first time will not pay stamp duty, providing the value of the house is up to $600,000 and has been lived in for at least 12 months, meaning investment properties are not eligible. Tax discounts will also apply if the house is worth between $600,000 and $750,000. With all the obstacles first home owners are faced with to purchase a house, the scheme is aimed to help those who are trying to break into the property market. "In the past, if you worked hard and saved enough, you could afford to buy your own home. Now, that's getting harder and harder," Mr Andrews said. This exemption is said to help 25,000 homebuyers, each year and each could save up to $8000. Mr Andrews has said that this cut will help even out the playing field for first home buyers. "They're battling rising prices, they're competing against investors and they're up against federal government policies that advantage existing owners. For those clients who are ready to buy property, Ive included a few pointers to tick off their checklist. For those who are saving for a deposit, heres some important information they may not know about savings. More people are turning to mortgage brokers to help them navigate through the web that can be the property market. As always, Im here to help, so please dont hesitate to call me if you have any questions. All the best, Bita Masrour

17.01.2022 Why You Should Use a Mortgage Broker Mark Bouris| Sydney Morning Herald Last week I was involved in an event called National Finance Brokers Day, which made me stop and think. In the midst of historical low rates, more home loan products available than ever before and the real estate market a perpetual topic of conversation for all Australians, I thought we should look at the role of the mortgage broker....Continue reading

16.01.2022 It's about time! Yesterday's Australian Financial Review reported the federal government and major Banks are applying increased focus on how brokers verify borrower details including identity. These changes are necessary to combat the growth of identity theft by fraudsters.

16.01.2022 Is it better to buy an apartment or house with land? Unfortunately, there is no easy answer here. It's important to beware of experts' who advise exclusively o...ne way or the other though, because they probably only sell the type of property they recommend. My advice would be to buy what the market demands; if you already have a location in mind, focus your research on what type of property is in demand long-term in that area. If you plan to build a portfolio of properties, then a mixture of houses and apartments or townhouses is a good strategy. Some investors like to buy apartments because the body corporate looks after the property, and some don't buy apartments because they do have a body corporate and therefore body corporate fees; so like I said, there's no simple answer. Apartments are usually less expensive though, so that may influence your decision. With your circumstances, you can call us to help you to find the best mortgage and properties you are looking for! We are looking after your property by selling it and offer you( find you) your first or next property! We are offering brand new and off the plans as well as home and land packages! Contact us, To get your answers! See more

15.01.2022 Loanmarket PD day

15.01.2022 Have a wonderful and safe Australian day

14.01.2022 Reserve Bank has left interest rates on hold at 1.5%. Report on 7 News at 6pm. Latest: bit.ly/Yahoo7Finance ... #ausbiz #7News

14.01.2022 May the year be brighter than the one gone by; enveloped in goodness, well being, bliss and wealth. Happy New Year! Sydney mortgage trading as loan market

14.01.2022 How fast has the year gone! Cannot believe Christmas is almost here already. Regardless, I not only want to wish you the best of luck in refinancing, buying a property or needing some extra money to make a purchase, but also want to wish you a Merry Christmas and a Happy New Year! If you need anything and If you like a complimentary advise on your loans or any further information and enquiries feel free to give me a call on 0406898999. Looking forward to another year of helping yourself or help your friends or your family.

13.01.2022 Another year done and dusted... it's time to embrace and look forward to an all new year. As we are into 2018, it is time not only to make new plans for the future but also look back at the times gone by! Learn From Yesterday, Live For Today, Hope For Tomorrow. Happy New Year 2018 everyone have a wonderful one

13.01.2022 How to build a house: Construction Its the great Australian dream building a house from the ground up, but the process of construction can be a bit of a mystery, especially for first-home owners. Knowledge is power, so understanding the construction phase what will happen when and how is one of the best ways to minimise anxiety and start to enjoy the process....Continue reading

12.01.2022 Mortgage Dos and Donts for 2017 By Jean Folger | February 25, 2017 6:00 AM EST Top mortgage dos and donts are especially important in 2017. Last December the Federal Reserve raised its key interest rate by 0.25% marking only the second rate increase in a decade (the first time was in December 2015)....Continue reading

12.01.2022 I am not Australian, because I born here. I am Australian, because Australia born in me. Happy Australian day Have a safe and wonderful Australian day

11.01.2022 Strong growth in the Melbourne property market is behind higher house prices nationwide, according to new data from property research firm CoreLogic. The July 2017 CoreLogic Hedonic Home Value Index recorded a 1.5% increase in dwelling values across the combined capital cities for the month. While most capitals experienced an uptick, Melbourne was ahead of the pack with a 3.1% gain. Region Change in dwelling values... Month Quarter Yearly Sydney 1.4% 2.2% 12.4% Melbourne 3.1% 4.1% 15.9% Brisbane -0.6% -0.7% 2.2% Adelaide 1.1% 0.1% 2.1% Perth -1.3% -0.3% -2.1% Hobart 0.9% -1.4% 6.5% Darwin -1.2% -6.8% -2.1% Canberra 2.4% 4.9% 12.9% Combined capitals 1.5% 2.2% 10.5% Rest of state 0.2% 0.0% 5.4% These results showed the diversity of housing market conditions across the country, said CoreLogic head of research Tim Lawless. The recent bounce in capital gains may be partially due to a recovery from the seasonal slump in values recorded in April and May. However, other factors, such as stamp duty concessions for first home buyers in New South Wales and Victoria, may also be having a positive impact on market demand. While it was too early to predict the effect of the various first home buyer incentives introduced on 1 July, Lawless said that this segment was typically very responsive to these types of stimulus measures. While month-on-month trends have picked up in the most recent months, there has been a noticeable slowdown in the quarterly figures. The combined capitals growth trend fell from 3.6% in February to 2.2% in July. This quarterly slowdown was greatest in Australias hottest housing markets, falling from 5.0% in Sydney earlier this year to 2.2% at the end of last month. Likewise, Melbournes figures also dropped from 5.5% to 4.2% in the same time period. Auction clearance rates in Sydney and Melbourne have also diverged with Sydneys falling below 70% while Melbourne remains around 75%. Melbourne appears to be benefitting from consistently high population growth which is creating strong demand for housing, as well as consistently high jobs growth and more affordable housing options relative to Sydney, Lawless said. At the other end of the spectrum, Perth and Darwin have continued to see dwelling values slide over July. These trends take the cumulative decline to 10.2% in Perth and 14.5% in Darwin since both capital markets peaked in 2014. I dont think there is any one factor causing the market to lose steam, rather it is the culmination of several factors working together, Lawless said. Higher mortgage rates and tighter credit policies have dented investor appetite. This is clear from the RBAs monthly credit aggregates which show investment related housing credit growth has consistently slowed from late last year. Recent rate hikes, especially in the investment and interest-only space, are likely to further disincentivise some prospective buyers, he added.

11.01.2022 2016 saw yet another big year for Loan Market and the mortgage broking industry. In an interview with Chairman Sam White, he summarised the highs and lows of the last twelve months - this is what he had to say What were some achievements with referral partners in 2016? The biggest thing that happened this year was the strong progress we made in responding to the referrers request for transparency in what we do with their leads. We wanted to make sure they knew what was happ...Continue reading

10.01.2022 ASIC acts against BMW Finance Posted: 19 Dec 2016 Action by the Australian Securities & Investments Commission (ASIC) has resulted in an Enforceable Undertaking that will see BMW Australia Finance Limited pay $77 million in Australia's largest credit remediation program to "compensate customers for its responsible lending failures". The amount includes remediation payments ($14.6m), interest rate reductions ($7.6m) and write offs ($50m).... The company will also pay a $5 million community benefit to contribute to consumer advocacy and financial literary initiatives. The program will also identify at least 15,000 customers who, in ASIC's view, "suffered hardship as a result of BMW Finance's compliance failures".

10.01.2022 Sydney risks housing bubble, warns UBS In a new report, UBS has warned investors to beware the bubble risk in Sydneys property market, saying it could trigger a major price correction at any time. The UBS Global Real Estate Bubble Index ranked Sydney as the fourth most at risk city of a housing bubble behind Vancouver, London and Stockholm.... UBS chief investment officers and authors of the report, Claudio Saputelli, Matthias Holzhey, and Maciej Skoczek say the common feature shared by potential bubble cities was interest rates. What these cities have in common are excessively low interest rates, which are not consistent with the robust performance of the real economy, they said. When combined with rigid supply, as well as sustained demand from China, this has produced an ideal setting for excesses in house prices. According to the report, house prices in near bubble prices have increased by nearly 50 per cent on average since 2011, compared to less than 15 per cent in other cities. Sydney was rated 1.7 on the risk index, above the bubble benchmark of 1.5, but well below Vancouvers 2.14. While Sydney may have all the market factors for a bubble, it remains unclear when or how a potential correction could play out, with the report concluding that investors should be wary of sudden corrections. The situation is nevertheless fragile. A sharp increase in supply, higher interest rates or shifts in the international flow of capital could trigger a major price correction at any time.

09.01.2022 Home loan demand continues to fall by Rebecca Pike | Apr 2018 Home loan demand continued to fall in February, despite experts saying it is usually a strong period. New data from the Australian Bureau of Statistics (ABS) shows in trend terms 54,539 home loans were approved, a drop of 0.6% from January.... While the number of home loans approved dropped, the value of all dwelling commitments rose 0.2% (trend terms) to $33.2b over the month of February. It rose 1% in seasonally adjusted terms to $33.5b. The value of owner-occupied housing rose 0.4% to $21.3b, while the value of investment loans written rose 0.2% to $11.9b. Real Estate Institute of Australia (REIA) President Malcolm Gunning said that in trend terms drops were recorded across all states and territories except Tasmania and the Northern Territory. In Tasmania lending increased by 0.2% and in NT it remained flat. The largest decrease was in Western Australia where it dropped by 1.4%. Gunning said the proportion of first home buyers, as part of the total owner-occupied housing finance commitments, decreased marginally to 17.9% in February from 18% in the previous month. He added: The number of loans to first home buyers increased by 4.2% compared to January. The continued decline in housing finance reflects current market conditions with first home buyers being more active in the market in the last six months than in the previous five years. Mortgage Choice spokesperson Jacqueline Dearle said February is traditionally the time when people start to put their property plans for the year into action. She added: However, when we consider that the property market has been cooling in recent months, a decline in demand is reasonable. Home loan interest rates remain at historically low levels which is keeping the cost of borrowing at affordable levels. In addition, lenders are actively vying for business from both owner-occupiers and investors by offering competitive rates on their home loans. These factors should help keep home loan demand at relatively stable levels.

09.01.2022 Home ownership after a divorce Looking at re-financing your mortgage after splitting with your partner? Dont worry. Youre not alone and with the right advice from an experienced mortgage broker, you can maintain your property ownership dreams, even when you are on your own.... What Does Divorce and Separation Mean For My Mortgage? Each year in Australia, more than 118,000 couples are married. Sadly, one in three of those marriages will eventually end in divorce. The statistics dont reflect the missing percentage of long-term unmarried couples whose relationship ends with a separation. And for many of those couples who decide to move on? Property ownership is an important issue. The legal division of assets that happen when romantic partnerships end mean that, for many people, their home ownership dreams are interrupted and often put on hold. But the good news is that there is life after divorce and separation and entering the mortgage market is not impossible, with the right planning and advice. Starting Again Dividing The Family Home Selling a family home for a divorce settlement is always stressful and emotions run high, which can lead to anger and frustration. If youre feeling like that, make sure you talk to a trusted and empathetic friend or family member or seek professional counselling to help you through the hardest times. If you do have money to lay the foundations to start again, its important to invest in property wisely and be patient for long-term wealth creation. It might be that you cannot afford the home you need to live in right now but you dont need to give up on being a property owner. Shifting your sights to think as a property investor can be a positive pathway for you to return to life as a property owner and with some careful research and smart buying, you can secure an investment property that will create a solid rental return, plus the future benefit of capital growth you can leverage from in the future. I hope you found the article interesting. Let me know your thoughts. Please feel free to contact me on 0406898999 or email at [email protected]

08.01.2022 All four major banks have now lifted their variable rates after ANZ and CBA announced changes on Friday. Investors were the hardest hit. Bendigo Bank also increased its variable rate for investors by 25 basis points to just over 6 per cent. Westpac yesterday announced fixed-rate changes for owner-occupiers, investors and SMSF borrowers of up to 1.17 per cent. As the banks continue to use pricing as a lever to control the growth of their investor and interest-only loan portf...olios, APRA looks set to introduce additional macroprudential measures, which could come in a variety of forms. Keep an eye out for news of this on Monday. For more information and get an idea of what are the best option to save more on your home loan you can contact directly to 0406898999. See more

07.01.2022 Wow! Good news for first home buyer, increasing the concession on stamp duty from $550,000 to $650,000 and $750,000 to $800,000. The 9 per cent stamp duty charg...ed on lenders' mortgage insurance often required by banks lending to first home buyers with small deposits will be abolished too. It's about time See more