Z2M Finance in Lindfield, New South Wales | Financial service

Z2M Finance

Locality: Lindfield, New South Wales

Phone: +61 1300 110 860

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25.01.2022 The RBA has again reduced the official cash rate by 25bps, resulting in a new record low of 1%. Are you still getting the best deal from your existing lender? Contact us today for an obligation free health check on home loans.

25.01.2022 QBE Australian Housing Outlook 2018-2021 Australia reached a major milestone on 7 August 2018 when the national population reached 25 million. This years QBE housing outlook report takes a closer look at what drove housing demand during the past 10 years and what changes to expect over the next decade... Here are some snapshots. For full report, email [email protected]

25.01.2022 Mortgage Brokers Make It Easy for You Buying a home can be a stressful and time-consuming process, so anything to make it easier for you is a great idea. Engaging a mortgage broker is the perfect way to do this. Here are eight ways how we can help you every step of the way, from application to settlement. 1. Professional advice with a focus on solutions... We have seen all types of lending scenarios and we know which lenders and loan products will be right for you. 2. The convenience factor One of the best things about mortgage brokers is how we fit in with you. We will meet at a time and location that suits you. Theres no longer any need to find time for appointments during a banks opening hours. 3. Comparison is easy We have access to a variety of loans from a panel of lenders. Well consider whats suitable for you and decipher the features and benefits, so its easy to compare. Well also make sure youre fully informed about any recommendations. 4. Helping with paperwork Does the sheer volume of paperwork scare you off applying for a home loan? We can help. Well let you know what the banks need for the application process, and youll only need to supply it once. From completing applications to arranging sign-up, we can answer questions and support you in the process. 5. Interest rate negotiation Negotiating your interest rate can be a conversation that has a big impact on your finances. If you dont feel comfortable with these conversations, we can speak to your preferred lender and get the best deal for you. 6. Protecting your credit score Multiple loan applications can have a negative effect on your credit score. We are experienced in finding the right lender and loan from the start, so theres only one application. 7. Structuring your loans If you need someone to spend the time to help you structure your loans in the most effective way for your financial situation, we can help. 8. Save time It could take years to research and compare available home loans that you qualify for. We are here to find you the best deal without you having to do any running around.

23.01.2022 Do you want to lower your current interest rate AND receive $1,250 cash rebate AND receive 200,000 or 500,000 Velocity Points*? What can you redeem the 200,000 points for? Return economy class flights to Queensland for a family of 4. (Taxes and fees from $167.92 not included).... Return economy class flights to Hong Kong for two people. (Taxes and fees from $322.90 not included). OR 500,000 points Return economy class flights to Los Angeles for a family of 4. (Taxes and fees from $633.04 not included). Return economy class flights to London for two people. (Taxes and fees from $669.26 not included). OR you can choose fuel vouchers at BP, business class upgrades, car hire, hotel stays or products and gift vouchers from the Velocity Rewards Store. Speak to us today and get the points ready for your next trip! Z2M Finance [email protected] 0411 062 338 *terms and conditions apply.

23.01.2022 We are your broker behind you. We work for you, not the lenders. Give us a call and find out how we can help to save you $$$.

23.01.2022 Our logo stands for zero to millions, which represents the long-standing relationships weve built with our customers over the years, as well as the many successes theyve had along the way from their first transaction to their millionth.

22.01.2022 Following in the footsteps of ANZ, Westpac and CBA, NAB has become the fourth and final major bank in Australia to increase rates. Owner occupiers with P&I home loans will see rates increase by 0.12%, while investors and interest only borrowers will face a rise of 0.16%. Both rates are effective from 31 January.

22.01.2022 Commonwealth Bank has responded to the Reserve Bank of Australias (RBA) cash rate decision by announcing a reduction in its Standard Variable Rates for home loan customers by between 0.13% p.a. and 0.25% p.a.

20.01.2022 What to do when your Interest-only (IO) mortgage expires? 1. Find out the expiry date 2. Review your options 3 months prior to the expiry date 3. Start paying off the principal 4. Extend the IO period with existing lender to avoid refinancing cost... For owner occupied loan, a total of 5-year IO period can be requested For investment loan, total of 10-year IO term an be requested. If your loan has reached 5 years IO, to extend another 5 years IO period, full assessment may be required 5. Speak to a mortgage broker and find out your best options, whether its to re-negotiate with your existing lender for a longer IO period and better deal or refinance to a new lender. Refinancing costs approx. $600 including lenders discharge fee and new mortgage registration and settlement fee. Many lenders are offering refinancing incentives including cash rebate for up to $2,000 or 300,000 bonus Qantas points. Contact us today on 0411 062 338 or [email protected] for a cost and obligation free chat.

20.01.2022 Banks tighten the rein as Coronavirus crimps demand. Need finance to complete your development? Check out how our non-bank lender can help. Q1: Why non-bank lenders instead of major banks that has better rates? Z2M: Property developers understands flexibility is the deciding factor when going with non-bank lender in project development funding. Lending criteria, tenure, and other conditions for instance drawdown schedule, drawdown conditions, etc are customized to projects....Continue reading

19.01.2022 Wish all our friends a Merry Christmas and a very prosperous New Year! - From everyone at Z2M Finance

19.01.2022 RBA has cut the official cash rate to 1.25 per cent. Find out from below chart: 1 how much cut your banks will pass on and 2 savings for a $500,000 loan on 30 yrs terms, P&I repayment: We have seen competitive rates as low as 3.44%. Call us today on 0411 062 338 for an obligation free health check on your mortgage and save for your next holiday,

18.01.2022 Financial Assistance - We are here to help! As we continue to respond to the coronavirus outbreak, I wanted to reach out to you to reiterate our support for our clients and our community. If your financial situation has been impacted and you no longer can afford making your regular mortgage repayment, you may be able to defer your mortgage repayment for 6 months. Rest assured, your credit report will not be impacted, and lenders will not treat the period of the repayment holi...day as a period of arrears. Each bank has its own options for helping customers, we have compiled a list of key details as well as contact information. Whether you are new or our existing customer, simply give us a call on 0411 062 388 or email [email protected], we shall help to direct you to your bank to get specific information regarding your personal situation. See more

18.01.2022 June 30 is fast approaching. Nows the time to see how you can benefit from the Asset Write-Off initiative this FY. It has been increased to include business-rated purchases up to $30,000! Speak to our helpful brokers today. 1300 110 860 or 0411 062 338.

18.01.2022 First Home Loan Deposit Scheme Saving a deposit for the first home can be challenging. Property purchaser often need to pay thousands for Lenders Mortgage Insurance if they have less than 20% deposit. The First Home Loan Deposit Scheme is a new initiative from the Australian Government designed to support eligible first home buyers purchase a home sooner. Contact us today to find out how it could help you, as a first home buyer. pictures: CBA

18.01.2022 Is the Lenders Mortgage Insurance (LMI) protecting us or the lender? Is your income protection insurance protecting you in the event of redundancy? Probably not... Speak to us today and find the best cover for you and your family.

17.01.2022 As widely anticipated, the RBA has left the official cash rate on hold at 1.5 per cent, set against a backdrop of a property market that continues to cool despite record low rates.

17.01.2022 Cash rate stagnation continues...

17.01.2022 RBA leaves the cash rate on hold at 1.5% for 32 months

17.01.2022 HOLD YOUR HORSES! Rates remain steady due to mixed signals.

16.01.2022 September cash rate held at 1%

15.01.2022 "Loyalty Tax" Do you know - late January this year, the data provided by Lendi indicated that the big banks were on average offering new borrowers interest rates 85 basis points lower than what existing customers paid? You could be one of their loyal customers. Other than automating the mortgage application process and giving a first-home buyer all the right information and guidance, we can help to re-negotiate your rates with your existing lender and provide options on refinancing your loans. Lenders are now offering up to $4,000* refinancing rebate and potentially another $2,000* new purchase rebate. That could be a total cash rebate of $6,000 to fund your dream holiday. Contact us today on 0411 0620 338 or [email protected] to claim your benefit! *terms and conditions apply

15.01.2022 At Z2M Finance, were dedicated to helping you find a fairer deal. We are your broker behind you when it comes to realising the dream of owning your own home or investment property. Take a look at this abridged version of our industrys new campaign, and contact us to find out how we can help you on this journey.

14.01.2022 Historical low rate, it might be time to move into your own house.

13.01.2022 At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.50 per cent. The Board took this decision to support the economy as it responds to the global coronavirus outbreak. The big 4 banks have announced to pass on the full 0.25% rate cut. The reduction will come into effect for NAB and ANZ customers on the 13th March, Westpac on the 17th March and CBA on the 24th March.

12.01.2022 Because we work for our customers, not the banks.

12.01.2022 Official cash rate reduced to a new record low of 0.75 per cent

11.01.2022 HOW TO BENEFIT FROM REDUCED RATES With official cash rates at rock bottom, now is the time to get ahead with your home loan. Overpay on your monthly repayments: just because interest rates decrease, doesnt mean you need to drop your repayment amount. In fact, why not increase your repayments as if rates were already higher, or alternatively, round up your repayment to the nearest hundred dollars.... Just putting an extra $50 on your home loan repayment every month can save you close to $14,000 in interest over the life of a standard loan (based on a loan of $300,000, 5% interest rate and 25 year loan term) . Fix your loan: You can lock in all or part of your loan for the long term so you can enjoy a low rate for years to come. A fixed loan provides security against the uncertainty of rate rises, keeping in mind that if rates go up by 1.0 per cent, your monthly repayment would increase by around $220 for a $350,000 30-year loan. Use offset or redraw: these home loan features allow you to build a buffer against interest rate rises by providing a facility for you to place extra saved funds for a rainy day. With an offset account, you can earn interest on your savings, which is offset against the interest youre paying on your loan. Interested in how to benefit from reduced rates? As your mortgage broker we can show you how - call us today.

11.01.2022 Where can you buy under $500,000?

10.01.2022 On hold, despite of the intensified prediction on cash rate cut

09.01.2022 There is no better time than now to review your mortgage options. Take advantage of the one of the lowest home loan rates this century.* *terms and conditions apply

09.01.2022 To help you navigate government relief that you may be eligible for, weve created a concise reckoner for the JobKeeper subsidy. The package in a nutshell The $130 billion package aims to keep employees attached to businesses to ensure that they start functioning with their existing workforce as the pandemic eases. Eligible employers can apply for a wage subsidy of $1,500 per fortnight (before tax), per employee or self-employed individual for six months from March 30, ...2020, onwards. Eligibility and how to apply Eligible employers are businesses (this includes partnerships, individual traders, companies, and trusts), not-for-profits as well as charities: o With a turnover of less than $1 billion that have experienced a dip of 30% or more in their revenue compared with the same period last year. o With a turnover of $1 billion or more facing a reduction of at least 50% in revenue compared to the same period the previous year. o ACNC-registered charities other than universities and schools with a 15% fall in turnover when compared with the same period last year. o The ATO will consider different measures of turnover and varied periods for comparison. Click https://www.ato.gov.au//JobK/Employers/Eligible-employers/ to see eligibility criteria. You would need to enrol online by following steps https://www.ato.gov.au///enrol-for-the-jobkeeper-payment/ to receive this subsidy. A step by step guide on various processes involved can be accessed https://www.ato.gov.au//JobKeeper-Payment/JobKeeper-guides/. Payment and enrolment dates While the subsidy has been effective from March 30, 2020, payments will be made from the first week of May 2020 by the Australian Taxation Office (ATO). The enrolment deadline has been extended from April 30, 2020, to May 31, 2020. For the latest changes to the package announced by the Australian Government access this https://ministers.treasury.gov.au//media-/jobkeeper-update. As always, feel free to reach out to us for any further clarification. See more

09.01.2022 The below illustration from CBA helps to better understand HEM (Household Expenditure Measurement). It is a safeguard measures setting a minimum MLE (Monthly Living Expense) to mitigate lenders risk of providing unsuitable credit. It may not be a true reflection on a borrower’s actual living expense. We always make sure the conversation is held individually and our customers understand the impact on their lifestyle when taking up a new mortgage.

08.01.2022 The Reserve Bank of Australia has cut the official cash rate to a new historic low of 0.1 per cent. The bank also cut its yield target on the Australian three-year bond to 0.1 per cent. AFR Follow us to find out when your bank will pass on the rate cut.

08.01.2022 Over the 10 years to June 2018, national dwelling values have increased by a cumulative 43.9% with the combined capital cities recording an increase of 52.6% and the combined regional markets recording growth of 16.6%.

06.01.2022 Happy International Womens Day! To all the strong women out there, together, we are powerful.

06.01.2022 2018 is the Year of Positive Change to Credit Reporting You might remember 2018 as the year for political leadership spills, same-sex marriages or crippling drought, but its also worth remembering it as the year that positive credit reporting became mandatory for all credit providers. Also known as comprehensive credit reporting (CCR), this important change in credit reporting gives lenders a more balanced picture of a borrowers credit history by sharing positive as well as... negative information. Whereas previously information such as defaults and bankruptcies were recorded on credit files, now details like how frequently you make payments on time and how well you stay within the credit limit are also included. Although CCR has existed in Australia since 2014, it was an opt-in system. Many credit providers chose not to share their data with credit reporting agencies, but this has now changed, and the Big Four banks are required to take part. Starting from July this year, banks were given 90 days to share 50% of their data, and the remainder from 1 July 2019. How will positive credit reporting affect me? As new information loads onto your credit report, this will likely have an impact on your credit score. Most Australian lenders use credit scoring to assess suitability for a home loan, which means a strong score can demonstrate your creditworthiness and help you access better credit opportunities. If youve had a payment issue in the past like a default, there was no opportunity to make amends under the negative credit reporting system. Comprehensive credit reporting gives you an incentive to turn over a new leaf and show lenders you can improve your credit health for example, by paying off defaults and making repayments on time. If youre a first home buyer, CCR can help you quickly establish yourself as a reliable borrower by demonstrating a track record of good credit behaviour. As your mortgage broker, we can guide you through the details of how positive credit reporting is likely to affect your ability to obtain finance. If you havent yet checked your credit report, your priority should be to get a free copy, which is available once a year from credit reporting bodies like Equifax, illion Australia, Experian and Tasmanian Collection Services. The type of detail that will start appearing on your credit file this year and next includes: --Two years of repayment history for accounts such as credit cards, home loans and personal loans How often you make repayments and if you make them by the due date -Any credit you have applied for and if youve been approved or rejected -The type of credit accounts you open and the name of the credit providers -The dates you open and close accounts -The current limit on your credit accounts Not included is data about your utility or phone bills. You will only see these mentioned in your credit file if youve missed a payment by at least 60 days.

04.01.2022 SMSF loans have shown a greater resilience to the impact of COVID-19, here is how our panel lender helped the customers to continue with their investment journey despite of the tough situation: Clients had recently set up a SMSF with the intention to purchase an existing 1-bedroom apartment, forming part of a low-rise apartment block in metropolitan Canberra, valued at $450,000. Applicants had an existing superannuation balance of $150,000 and had each made additional contrib...utions of $35,000 into the fund last financial year. As the contributions were made in a lump sum rather than periodical, serviceability was looked at outside the SMSF in its own right, and was based on the companys performance via accountants declaration confirmation as well as the applicants ability to make regular contributions to their SMSF. Outcome: provided Lite Doc SMSF loan 70% LVR. While there are benefit of investing through SMSF, such as diversifying your fund assets and repaying loan with rental income and your superannuation contribution. Borrowing or gearing your super into property involved strict borrowing conditions and risks: Higher costs SMSF property loans tend to offer a higher interest rate and fees. Tougher rules The property must meet the sole purpose test of solely providing retirement benefits to fund members, not be acquired from a related party of a member, not be lived in or be rented by a fund member or any fund members related parties Possible tax losses You cant offset tax losses from the property against your taxable income outside the fund. No alterations to the property You cant make alterations that change the character of the property until you pay off the SMSF property loan. Contact us on 1300 130 860 or email [email protected] for further information on how to invest through SMSF.

03.01.2022 Help us and help yourself Save the mortgage broking industry

02.01.2022 ANZ to hit the headlines by being the first lender to reduce assessment rate. Putting the changes in context, a family on an average household income of $109,688 would be able to borrow up to around $60,000 more if their loan was assessed at 6.25%. The average single person would be able to borrow up to around $50,000 more under the same scenario.

02.01.2022 Following the RBA’s decision from yesterday, none of the majors has passed on the rate cut on their variable rate product. Here are the changes on their fixed rate products. Speak to us to find out the pros and cons of taking up a fixed rate. [email protected]

02.01.2022 Z2M Finance would like to thank all our friends for your support in 2018! And wish you and your family a very prosperous 2019!

01.01.2022 Cash rate kept at 1.50% for a record-breaking 19th consecutive month.