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Pivotal Financial

Phone: +61 439 507 814

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22.01.2022 With a decision from the Reserve Bank about the cash rate due early this afternoon, it seems as though the experts are predicting a rate cut. https://7news.com.au//rba-rate-cut-remains-a-near-certaint Stay tuned later today for an update!

22.01.2022 The First Home Loan Deposit Scheme is well and truly underway - with an additional five thousand places able to be reserved from Saturday the 1st of February. The scheme has already been a huge hit, with the first places being snapped within a fortnight through major lenders CBA and NAB. The Scheme is helping people save thousands of dollars on Lenders Mortgage Insurance (LMI) - you can buy your first home with as little as a 5% deposit! If you think you know someone this c...ould benefit, please see the below eligibility criteria: https://www.nhfic.gov.au/what-we-do/fhlds/eligibility/ The new availability is only for selected lenders - I guarantee that you haven't heard of most of them! This is the perfect time to use a broker to help make the process as easy as possible! Feel free to share or tag people in this post if you think I might be able to help them!

20.01.2022 With the Reserve Bank dropping the cash rate to an all-time low of 1.25% yesterday, what does that mean for you as a customer? The 4 majors have already passed on rate-cuts on their variable loans - CBA and NAB have passed on 0.25%, Westpac 0.20% and ANZ 0.18% - and we are waiting for a lot of the smaller lenders to announce what they are going to do. A 0.2% reduction on a $400K mortgage saves you $46 a month on your repayment - or a whopping $552 a year! No changes to fixed... rates at this point - the fixed rates are already lower than the updated variable rates so it is unlikely we see any change in this space. Plenty going on in the mortgage world at the moment - if you have any questions please give me a call!

19.01.2022 Over the coming days I will provide updates on the current climate we face because of the COVID-19 outbreak. Firstly, even though there is a great deal of urgency at the moment, it is important that people consider their options and make sensible, informed decisions, not rash ones. There will be a lot of options available for people over the coming weeks and months, and hopefully I can help to give people some clarity around their own individual situation. One thing for eve...ryone to remember is that every situation is unique - and as such, you need to discuss your situation with an expert, rather than going on advice that is being provided for the masses. Today's video is about repayment holidays - what they mean, and how they can benefit you. If you, or someone you know, would like some help understanding this further, please let me know.

12.01.2022 Some interesting reading about the benefits of a mortgage broker. https://www.mfaa.com.au//the-value-of-mortgage-broking-rep Using a broker gives consumers access to choice - something that helps clients end up with the most suitable loan product. ... If you know someone who is talking about finance, let them know that a broker should be their first point of contact.

12.01.2022 With the Black Friday sales coming to a close and Christmas just around the corner, remember how things like Zip Pay, After Pay, Interest-Free Repayments and Credit Cards can impact your ability to borrow money. Retailers are advertising the buy now pay later schemes - and on the surface they sound great. If you are applying for this type of payment option, you are being approved for a credit limit - and that will have an impact on your ability to borrow for things like car ...loans and home loans. Banks basically use 4% of your credit limit as your proposed monthly repayment - a $10K interest free card that you signed up for to buy a new couch and a TV is now costing you $400 a month, and is significantly lowering your borrowing capacity. If you need to buy these types of items, then that is OK - but don't buy them just because they are being advertised with low repayments.

11.01.2022 The official cash rate is now at another all time low - 0.5%! https://www.theadviser.com.au//40089-rba-slashes-cash-rate Now we have to wait and see what this means for the consumer - will the banks pass on any of this cut to the consumer?

08.01.2022 As part of their most recent election campaign, the current government promised to make getting in to the housing market more affordable for First Home Buyers. Over the weekend, they announced the first details of their Government Mortgage Guarantee - to be implemented in January 2020. https://www.abc.net.au//government-unveils-detail/11644018... Key points: 1. The scheme will be offered to the first 10,000 applications each calendar year and will be available on a 'first come, first served' basis. 2. There is a maximum purchase amount in each major city (minimum 250,000 people) and also a reduced purchase amount in smaller towns for each state 3. Eligible applicants will have a maximum income of $125,000 for a single and $200,000 for a couple 4. Purchase must be for owner-occupied purposes, and borrowers must make principal and interest repayments 5. Only 2 of the 'Big 4' have been chosen to participate in the scheme, with 50% of guarantees set aside for smaller lenders There is still a lot more information to come, but 2020 looks to be a great year for First Home Buyers! Money is cheap with interest rates at an all-time low, and now the government are helping borrowers save thousands of dollars in mortgage insurance costs! If you are looking to get into the market for the first time or know someone who is, I would love the opportunity to discuss this further. #firsthomebuyer #brisbaneproperty #FHOG #nodeposit #noLMI #savethousands #buynow #gladstoneproperty

04.01.2022 Buying your first home is a huge decision! There are a lot of additional costs that relate to owning a home for the first time. If you are a potential first-home buyer in Brisbane, the Brisbane City Council could be giving you a helping hand in the near future. https://www.brisbane.qld.gov.au//owning-your-first-home-is

03.01.2022 The First Home Loan Deposit Scheme (FHLDS) has been a major success - helping plenty of Australians into their first homes without paying LMI! The scheme was released on the 1st of January, with spaces available for 10,000 first home buyers. It also features 33 lenders - with CBA and NAB the major banks that are participating. Spaces for the scheme with CBA and NAB have been exhausted, but contrary to current discussions, there are still spaces available for people to be pa...rt of the FHLDS with the smaller lenders! There has also been some great news released - there will be another 10,000 spaces made available on the scheme on the 1st of July! This will help so many more first home buyers - the savings on LMI can be up to $15K! http://www.nhfic.gov.au/what-we-do/fhlds/ Do you know a first home buyer who would qualify? * Australian Citizen * Annual income of less than $125K for a single or $200K for a couple * 5% genuine savings evidenced Please feel free to put them in touch with me to find out more! ***Please note that there are also property price restrictions to be eligible - these vary based on location of the property***

01.01.2022 The holidays are almost over already - the traffic on the way to the office this morning was a bit of a giveaway! Speaking of giveaways - Would a $250 voucher from Smiggle help you, or someone you know, get the kids ready to go back to school? Follow the instructions below and the prize could be yours!

01.01.2022 Real estate marketing has never looked better! RE/MAX Results agent Leonardo Di Pinto Realtor is a breath of fresh air with his visionary approach to marketing, especially with stunning properties like this listing - The Castle Of West End, 457b Montague Road. **The property is open for viewings Saturday 12th May 11am-11.45am** Come by and say CIAO!