Toowoomba Mortgage Brokers in Toowoomba, Queensland | Property

Toowoomba Mortgage Brokers

Locality: Toowoomba, Queensland

Phone: +61 409 164 944

Address: 323A Margaret Street 4350 Toowoomba, QLD, Australia

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

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25.01.2022 Attention Property Owners with Rural Lifestyle acreage between 50 ha and 120ha If you have tried to borrow for a property of this size or against your own prope...rty then you may have had your loan recently declined due to the size of the acreage your house is based on. All Banks have pulled back in the Rural LIfestyle market especially in the last six months. There is now a Bank re-entering the market and if you fit the following then your application can be assessed: -Rural Residential Lifestyle property -Income from farming is acceptable but only as a hobby or minimal income compared to PAYG or Self Employed income - Income will not be used to assist with debt servicing -Must have a liveable dwelling - not a shed that has been converted to living quarters -Must have Electricity connected, Bitumen / All weather road access, permanent water of some source If you are looking to borrow for this type of property and have been declined by your Bank please do not hesitate to contact me for an obligation free discussion.

21.01.2022 The Reserve Bank of Australia has delivered the result of its monthly board meeting. As expected, board members decided to leave the cash rate at a record-low 2 per cent, where it has been since May.

20.01.2022 Bank Guarantee Ive recently been involved with several clients who have come unstuck by giving Bank Guarantees and thought it would be a timely reminder for pe...ople who are giving guarantees to take a step back and give it sound consideration. In the three recent cases I have been involved with one lost a very good business opportunity due to a default on his credit rating from guaranteeing an acquaintance and is now left to repay the debt. The second we managed to refinance at the 11th hour and the third is facing the very real prospect of having her mothers house sold up and her mother is 90 years old. In the heat of the excitement of seeing the kids buy their first house or first business it is easy to get caught up in the frenzy and extend a lending hand to secure finance via a mortgage. In one instance above it was the children who were helping the parents restructure their finance which was fine until the parents had their property totally released and walked away from the debt. Only contact from that point on was via Solicitors and another family relationship had broken down. The family with two young children were hours away from losing a beautiful house they had worked hard to build and pay down their debt. When thinking about extending personal guarantees to the Bank and mortgaging your property, stop and have a think about the following: - How well do you know the financial circumstances of the person asking for the guarantee? - If you had to come good with the amount guaranteed how will that affect your personal circumstances? - Is your guarantee a limited guarantee or for the full debt of the borrower? - Are you putting up the family house as security or say an Investment property Dont kid yourself that the Bank will not act on the guarantee! Dont kid yourself that your Solicitor will get you off the hook! Dont kid yourself that the person you are guaranteeing will let you know well in advance they are having financial difficulty! Dont kid yourself that the person you are guaranteeing will still be the nice approachable person they were before they failed to repay their debt! In saying the above it can also be a very satisfying act to be in a position to help a family member or good friend obtain an asset that might normally remain out of their reach. i.e. long term paying rent every week and the rent is similar to a house payment and they never missed a beat. To ensure your relationship remains the same at the end as it did in the beginning by answering the following questions will ensure a good outcome: - Did you take the opportunity to go over the persons financial details or obtain independent financial advice? - Did you take the opportunity to discuss the matter with the Bank or Mortgage Broker organising the loan? - Did you make sure the guarantee is a limited guarantee and have it limited to recourse on one asset only? - Are you in a position to take on the debt if the Banks calls up the funds for repayment? - Did you take up the opportunity to seek legal advice and for a small fee to seek this legal advice. It could save you a small fortune if matters go pear shape? - Have you set parameters in place to receive Loan statements on a regular basis to ensure loan repayments are made in a timely manner? - Have you set a goal with the finance company that upon the debt reaching a certain level the main security can be revalued and if acceptable your guarantee released? If you can honestly answer these questions and have ticked the boxes, you should be in a very good position to handle the situation even if the guarantee is called up.

19.01.2022 A nice way to start the day with feedback from a client.

18.01.2022 Financing and documentation requirements It is certainly becoming apparent that the Banks are tightening up credit criteria and serviceability levels in recent times. These matters we as brokers can not control and we continue to work within the parameters set by the Banks. The one part that we as brokers can control and is critical to a smooth home loan process is providing the documentation that has to be provided to the Banks. The days of "This will do you" are long gone...Continue reading

14.01.2022 As a result of government pressure many lenders are increasing the interest rates on new and existing investment lending. This may impact anyone with a current investment loan. If you would like to review your investment loans and see whether you may be better off changing lenders give us a call on 0429 395 444. http://www.news.com.au//bank-/story-e6frfmdr-1227476546604

14.01.2022 I wish to advise followers that Lynette Koina has finished up with the Toowoomba Mortgage Brokers (TMB) and has commenced work at Westpac. Lynette joined me at my old firm after many years at Suncorp and implemented the Residential Brokering Arm. In recent times Lynette has been sub contracting to TMB writing the Residential Home Loans for the Company. It has been a pleasure to have worked with Lynette directly and indirectly since 2003 and she is always the professional with clients placed first. Lynettes days are often long with early morning starts with both her two girls being Representative swimmers and in the afternoons running them around to all the other sports they represent for Glennie Girls School and Toowoomba. I wish her and Tony and the girls all the very best for the future and her future career with Westpac.

13.01.2022 Media Release Statement by Glenn Stevens, Governor: Monetary Policy Decision Number 2016-18 ... Date 2 August 2016 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.50 per cent, effective 3 August 2016. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. Actions by Chinese policymakers are supporting the near-term growth outlook, but the underlying pace of Chinas growth appears to be moderating. Commodity prices are above recent lows, but this follows very substantial declines over the past couple of years. Australias terms of trade remain much lower than they had been in recent years. Financial markets have continued to function effectively. Funding costs for high-quality borrowers remain low and, globally, monetary policy remains remarkably accommodative. In Australia, recent data suggest that overall growth is continuing at a moderate pace, despite a very large decline in business investment. Other areas of domestic demand, as well as exports, have been expanding at a pace at or above trend. Labour market indicators continue to be somewhat mixed, but are consistent with a modest pace of expansion in employment in the near term. Recent data confirm that inflation remains quite low. Given very subdued growth in labour costs and very low cost pressures elsewhere in the world, this is expected to remain the case for some time. Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 is helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are all assisting the economy to make the necessary economic adjustments, though an appreciating exchange rate could complicate this. Supervisory measures have strengthened lending standards in the housing market. Separately, a number of lenders are also taking a more cautious attitude to lending in certain segments. The most recent information suggests that dwelling prices have been rising only moderately over the course of this year, with considerable supply of apartments scheduled to come on stream over the next couple of years, particularly in the eastern capital cities. Growth in lending for housing purposes has slowed a little this year. All this suggests that the likelihood of lower interest rates exacerbating risks in the housing market has diminished. Taking all these considerations into account, the Board judged that prospects for sustainable growth in the economy, with inflation returning to target over time, would be improved by easing monetary policy at this meeting. Enquiries Media and Communications Secretarys Department Reserve Bank of Australia SYDNEY Phone: +61 2 9551 9720 Fax: +61 2 9551 8033 E-mail: [email protected]

13.01.2022 Buying your own home or an investment property is a big step towards securing your future. So, to protect that future, its important you take the time to make sure youre covered for whatever life throws at you. Talk with Lynette or Peter about Loan Protection Plan today.

12.01.2022 Smashed it out this week. Between lodging QRAA Agribusiness loan requests , Bank reviews , Interim bank reviews , approvals on two home loans and two agribusiness loans and one motel loan its all come together. Settled one Commercial property loan and one Agribusiness loan that both took 6 months of "massaging" were settled this week. Loans approved or settled were at Noosa Heads, Bundaberg, Meandarra, Burrum Heads, Brisbane and Home loans submitted for Townsville and Toow...oomba. Happy to talk to anyone anywhere Have a great weekend

12.01.2022 Toowoomba Mortgage Brokers are on the move. My new office is situated at 323A Margaret Street Toowoomba QLD 4350. All other contact details remain the same. So if your looking for finance please phone, email, Facebook, Messenger or just call into the new office to discuss your requirements.

12.01.2022 Each year around 56,000 Australians suffer a heart attack according to the National Heart Foundation. Everyday life events can and may impact your ability to meet your loan repayments. Dont risk losing your home if you were to suffer a serious illness or injury. Ask Toowoomba Mortgage Brokers about Loan Protection Plan today.

10.01.2022 Lets see how the predictions go at the next Reserve Bank meeting. What are your thoughts?

09.01.2022 Some interesting reading heading towards the next RBA meeting on Melbourne Cup Day https://au.finance.yahoo.com//why-australia-s-low-inflatio

08.01.2022 A very good comment from A highly respected individual in the Financial Sector Yes - Mr Haynes has got it seriously wrong ... http://m.switzer.com.au//on-mortgage-brokers-the-royal-co/

06.01.2022 How would you meet your loan repayments if you suffered a serious injury? If youre not sure, or not sure how long you could manage for, ask Lynette Koina about Loan Protection Plan today.

06.01.2022 Whilst the Banking Royal Commission is in progress there has been considerable bad press about Brokers in general. In every game you will have some bad eggs be it Brokering, Banking, Financial Planning etc. Please find following some cold hard facts put out by one of the Broker Industry bodies (MFAA) - Sorry for the length Research pack findings...Continue reading

04.01.2022 The low loan-rate era for property investors may be ending, but its just kicking off for owner occupiers, who could be about to enjoy discounted fixed rates and packaged home loan deals. Give Lynette a call today on 0429 395 444 if you would like to find out more. Read more: http://www.smh.com.au//as-lowrate-party-for-investors-ends

02.01.2022 Despite the recent increases to investment loan interest rates, there are still some great home loans rates out there if you know where to look. We are able to source investment loans from a number of different lenders to get the right loan to meet your needs. Give us a call on 0429 395 444 if you are in the market for a new investment loan or would simply like to review your existing investment loans to see if there is something better out there for you. http://www.smh.com.au//higher-interest-rates-for-property-

01.01.2022 APRAs increased supervision on investment lending has caused a general rate adjustment for both owner-occupier home loans and property investment loans. While some lenders are raising the interest rates on their property investment loans by 20 50 basis points in line with APRAs restrictions, they are simultaneously reducing their interest rates on owner-occupier loans by a similar margin. This is great news if youre a first home-buyer looking to get into the market this spring. Its also great news if youve been considering refinancing an existing loan you can now access some of the lowest rates on record and you could potentially save a lot of money on repayments. If youre looking to invest, or refinance a property investment, we have identified lenders who are offering some great rates, so please give us a call.