What's New
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Fixed Rate Loans
Important
This is just a guide and can change from lender to lender but it gives you an idea as to how fixed rates are offered and can change.
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Press release 17 November 2020
Latest info from ME:
First Home Buyers: How to avoid overpaying on your first home. READ MORE
Refinancers: Preparing to refinance? Home loan refinance options. READ MORE
Relocators: Selling your property: whats the process? READ MORE
Investor in property: 6 key issues to consider. READ MORE
Money Basics: Understanding interest rates. LEARN MORE
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Press release 21 October 2020
Latest info from ME:
First Home Buyers: How to boost your borrowing power when buying your first home. READ MORE
Refinancers: Raring to refinance? Be sure to do the maths. READ MORE
Relocators: 6 Benefits to downsizing your home. READ MORE
Investors: When is an interest-only investment loan the right choice? READ MORE
Budgeting: Making a budget that works. LEARN MORE
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Press release 14 August 2020
How a deposit bond can help you secure an investment property.
Did you know that a deposit bond can be a quick, cost effective option for paying the 10% deposit.
WATCH this video for more information, or call Jenny (0407 452 679)
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Press release 22 July 2020
In the current climate, easy access to working capital is paramount.
A Business Overdraft gives you the certainty of access to funds at any time, for any business
purpose.
As the second most used business finance product in Australia, a bankless alternative gives you the
freedom to link your facility with any of your business accounts.
Ideal for any business purpose
•Deal with unexpected expenses
•Manage cash flow as needed
•Bridging the receivables gap
•Pay wages
Product features
•Only pay interest on funds used
•No set up fees or line fees, only one annual fee of $395
•Simple to use portal with transfers completed in 30 seconds
•No property securities required for limits up to $250,000
•No business financials required for limits up to $150,000, just 6 months of bank statements
•Same-day decisions, next day access
You need to
•Be trading for 3 years and over
•Have an annual turnover of $250,000+
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Press release 21 July 2020
NEW HOME LOAN and REFINANCE OPTIONS RELEASED
A. 95% Loan to Value Ratio.
B. 85% Full Doc no Lenders Mortgage Insurance (LMI),
applicants for all industries acceptable.
C. 98% Including LMI for purchases of established properties
with non-genuine savings (excluding borrowed funds)
D. Fully Assessed pre-approvals for construction loans up to 95%
owner occupied and 90% investment.
E. 95% Investment loans with Interest Only repayments applicable
for purchases of established properties and refinances.
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HANDY TIPS FROM ME
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LATEST INFO ON GOVERNMENT GRANTS
from: Australian Government
The Treasury
ECONOMIC RESPONSE TO THE CORONAVIRUS
Press release 3 July 2020
HomeBuilder update
The Commonwealth is pleased to announce that Queensland, New South Wales and the Australian Capital Territory join South Australia, the Northern Territory, Western Australia, Victoria and Tasmania as signatories to the HomeBuilder National Partnership. All states and territories have now signed the National Partnership.
Please visit the Commonwealth’s HomeBuilder web page for more information. You can also register for more updates through your State or Territory Revenue Office.
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FIRST HOME LOAN DEPOSIT SCHEME
Press release 1 July 2020
Today, the National Housing Finance and Investment Corporation (NHFIC) will release 10,000 First Home Loan Deposit Scheme places to our participating lender panel for the 2020-21 financial year. Please find below key information regarding the new Scheme places.
General – About the Scheme
- The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers purchase their first home sooner.
- Usually, first home buyers with less than a 20 per cent deposit need to pay lenders mortgage insurance. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit with as little as 5 per cent (lenders criteria also apply). This is because the Australian Government guarantees to a participating lender up to 15 percent of the value of the property purchased that is financed by an eligible first home buyer’s home loan.
- There are currently 27 participating lenders across Australia offering places under the First Home Loan Deposit Scheme.
- 44% of applications for the 2019-20 financial year were made through mortgage brokers.
2020-21 FHLDS Scheme places
- NHFIC will release another 10,000 Scheme places to NHFIC’s participating lender panel for the 2020-21 financial year from 1 July 2020.
- Eligible borrowers must have a taxable income of no more than $125,000 for individual applicants and no more than $200,000 for couple applicants. Taxable income is assessed using the Notice of Assessment from the previous financial year as evidence of taxable income.
- From 1 July 2020, applicants need to provide their Notice of Assessment for the 2019-20 financial year, ending 30 June 2020.
- Borrowers are encouraged to organise their tax return for the 2019-20 financial year as soon as possible after 1 July.
- First home buyers applying for a Scheme place for a land and separate build contract now have up to six months to enter into an eligible building contract.
Useful links
- Eligibility criteria
- Participating lender panel
- Case studies of first home buyers
- Frequently asked questions
Attachments
- Updated First Home Loan Deposit Scheme fact sheet
- Updated First Home Buyer Declaration form
- Media release
Any further questions, please contact Jenny (0407 452 679)
For general queries,
please email FHLDS@nhfic.gov.au or call 1800 549 767.
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HELP CHOOSING THE RIGHT PROPERTY
8 things to consider when buying off-the-plan
Buying off the plan can provide flexibility and save on stamp duty. But be sure you know the risks before you sign.
Setting a renovation budget
Home improvements have a habit of costing more than expected. Manage the fiscal impact of your project by setting a renovation budget.
3 Steps for successful pre-auction offers
Before you make an offer prior to auction, make sure you follow these three crucial steps. By forgetting bidding-at-auction strategies, you will save money and stress.
How risky is investing?
All investments have some degree of risk - the key is knowing the level of risk you feel comfortable with.
Money Basics and Banking Jargon
Learn about interest rates, understanding debt and banking jargon.
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Here is an article that Jenny was featured in for Australian Broker.
Click HERE to download a copy of the article.
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DEPOSIT BONDS EXPLAINED
WATCH THESE VIDEOS!
Deposit bonds remain relatively unknown to so many home buyers.
- Video # 1 - What is a deposit bond - Watch video HERE
- Video # 2 - How a deposit bond can help first home buyers - Watch video HERE
- Video # 3 - Four things vendors should consider when considering a bond over cash - Watch video HERE
Call Jenny (0407 452 679) if you want to know more.