Monark Finance Brokers

01/10/2025

ARE YOU READY? 🚨

From today, the Government’s expanded Home Guarantee Scheme officially kicks off – and this is huge for first home buyers!

Here’s what’s changing:

✅ Unlimited places – no more caps or waiting lists
✅ No income limits – high earners can now access the scheme
✅ Higher property price caps – keeping up with today’s market

💰 New Property Price Caps (Highlights):

🏙 NSW: $900k ➡️ $1.5m (metro/regional centres)
🏙 VIC: $800k ➡️ $950k (metro/regional centres)
☀️ QLD: $700k ➡️ $1m (metro/regional centres)
🌊 WA: $600k ➡️ $850k (capital city)
🍷 SA: $600k ➡️ $900k (capital city)
🍎 TAS: $600k ➡️ $700k (capital city)
🏛 ACT: $750k ➡️ $1m

✨ With just a 5% deposit plus settlement costs, you could be in the market sooner than you thought.

I’m your mortgage broker to guide you through the scheme, cut through the jargon, and make sure you’re ready to claim your spot 🏡💪

30/08/2025

🙌 That’s a wrap for August!

What finance tip hit home this month?

💬 Comment below or DM me — and if you’ve got questions, I’m all ears. No judgment, just help.

28/08/2025

26/08/2025

🎯 BUY OR SELL FIRST? The great property juggle 🤹‍♀️🏡

Stuck on what to do first — buy your dream home or sell your current one? Here’s the rundown 👇

📦 SELL FIRST?
✅ Know exactly what you’ve got to spend
✅ No pressure to rush the sale
⚠️ Risk: you might be left couch-surfing while you house hunt

🔑 BUY FIRST?
✅ Snag that dream home before it’s gone
✅ Take your time moving out
⚠️ You could be stuck holding two home loans 😬

💥 Bridging Loans to the Rescue
These short-term loans give you up to 12 months breathing space to buy now, get your current home spruced up, styled, and sold — on your terms.

💡 Hot Tip: Bridging loans need planning, prep AND strategy.
✅ Know your numbers upfront
✅ Make sure you qualify before you dive in
✅ And always have a backup plan (because real estate never runs on schedule!)

📲 DM me to crunch the numbers and work out if a bridging loan fits your game plan — before you make your next big move.

24/08/2025

💰 Unlock the Equity in Your Home to Invest in Another!

Got property? Great. Now let it work for you.

What is equity, really?

It’s the difference between what your home’s worth and what you still owe.

💡 Example:
Home value = $800,000
Mortgage balance = $500,000
= You’ve got $300,000 in equity just sitting there!
🔑 How to Use That Equity to Buy Your Next Property:

1️⃣ Get a Valuation
The bank will complete a formal valuation to determine your usable equity.

2️⃣ Work Out What You Can Access
You can usually borrow up to 80% of your home’s value without paying Lenders Mortgage Insurance (LMI).

📊 Using our example:
80% of $800,000 = $640,000
$640,000 - $500,000 mortgage = ✅ $140,000 accessible equity

3️⃣ Create Your Investment Plan
We’ll help you map it all out:
• 🎯 How much you can spend on your next property (based on both your equity + what you can afford to repay)
• 💼 Structure your loans — we’ll split off the $140K for your deposit
• ✅ Pre-approval sorted for the rest of the purchase

💥 Used wisely, your equity can be the launchpad to build wealth through property — without selling your current home.
Sound like a game plan? Let’s make it happen.

📲 DM or call — we’ll walk you through it step-by-step!

22/08/2025

🧠 Fun Fact Friday: Credit score edition!

📊 Your credit score isn’t just a number — it’s your financial reputation.

And it can affect everything from whether you’re approved… to the interest rate you’re offered.

Here are some quick ways to give it a glow-up before you apply for a loan:

✅ Pay bills & loans on time — sounds obvious, but consistency is key.
✅ Stay in stable employment — lenders love reliability.
✅ Avoid applying for too many credit cards — we know you love points, but multiple applications can seriously ding your credit file.
✅ Keep your credit limits low — even unused limits can impact borrowing power.

🎯 Not sure where you stand? I can help you access your credit file, decode the details, and give you personalised tips to boost your score — before you hit ‘apply’.

21/08/2025

✨ “You can’t go back and change the beginning, but you can start where you are and change the ending.” – C.S. Lewis

New week. New mindset. New chances to rebuild, reframe, and refocus. Whether you're starting from scratch or starting fresh — forward is forward. 👊

19/08/2025

🎯 Self-employed? Here's your home loan playbook.

Running your own business doesn’t mean you’re locked out of property — you just need a lender who gets it.

Whether you’re a fresh startup with a new ABN, a sole trader, or managing a complex trust or company structure, there are flexible policies designed just for you.

✨ No financials? No worries.
✨ One year of income? Sorted.
✨ Low-doc or alt-doc? We’ve got options.
✨ Trading under a trust or company? Bring it on.

We literally have a solution for almost every business setup — and knowing which lender fits your scenario is where the magic happens.

Let’s build a finance strategy around your unique business story — not force you into a system that wasn’t made for you.

17/08/2025

🏡 First Home Buyer Myth: You need a 20% deposit

Repeat after me: I do NOT need a 20% deposit to buy a home! 🙌

We have access to lenders offering:

✅ LMI waivers (yep, no mortgage insurance)
✅ 95% LVR home loans
✅ Government guarantees with just 2% deposit

💡 That means you could get into your first home sooner — without needing to save for years.

📲 Confused by all the options? That’s what I’m here for. Let’s walk through what’s available based on your unique situation.

16/08/2025

💰 Offset vs Redraw — what’s the real difference?

They both help reduce interest, but they’re not created equal:

🔹 Offset Account = Works like a regular bank account that sits alongside your home loan. Every dollar sitting in there offsets your loan balance, meaning you pay less interest — daily.

🔹 Redraw Facility = Gives you access to the extra repayments you’ve made on your loan — but often with conditions, delays, or limits.

🚨 Choosing the right one depends on how you manage your money. Need flexibility? Want to maximise savings? Let’s unpack it together and make sure your loan works smarter for you.

14/08/2025

🏠 How Lenders Really Assess Your Income

Think your salary is the only thing that counts? Nope. Lenders look at your income through a totally different lens — and not all income is treated equally.

Here are some income types you might not know could be accepted:

🚗 Uber/ride-share driving
🏠 Boarding or room rental income
💼 Your side hustle (with conditions)
👵 Government pensions & superannuation
🛟 Income protection & work cover
💸 Casual work & FIFO income
🏘️ Rental income & Airbnb
🤝 Profit share or business partnership
📈 Investment income & dividends

👉 Everyone’s situation is different — and so is their income. That’s why it’s so important to have someone who knows how each lender views your unique income mix.

💬 Not sure how your income stacks up? Let me decode it for you and help you find the right lender match.

31/07/2025

Thinking of buying before you sell? Bridging loans can help make that happen without the panic.

Here’s what some lenders will allow:

1️⃣ Give you up to 12 months to list and sell your existing home
2️⃣ Capitalize the interest — so no repayments during the bridging period
3️⃣ Assess your ability to repay based on the end debt, not the full “peak” amount while you own both properties

But here’s the catch 👇

Not all lenders offer the same flexibility.

While many provide bridging loans, the policies vary wildly — some are generous, others… not so much.

That’s where we come in.

👉 Our job is to match you with the lender who suits your plan, your timeline, and your cash flow.

Buying, selling, or just planning ahead? Let’s talk strategy.