M Financial

21/08/2025

Want to help your kids buy their first home, but unsure how?

Getting into the property market is tough right now, and many first-home buyers are leaning on their parents for a little help. But it’s not just about handing over cash - there are a couple of ways parents can step in, depending on their situation.

✅ Gifting Money (as Genuine Savings)
If you’re able to gift money towards their deposit, most lenders will require it to be classed as genuine savings. That means it usually needs to sit in their account for a period (often three months) to show they can manage money responsibly.

✅ Using Security (Property or Term Deposit)
If you own property or have cash reserves, you can offer part of that as security on their loan. This can help them buy with a smaller deposit and avoid costly Lenders Mortgage Insurance (LMI), potentially saving them thousands.

Both options come with their own risks and responsibilities, and offering your property or savings as security is a big financial commitment. Getting the structure right is crucial to make sure everyone is protected.

Helping your kids into the market can be life-changing for them, but it’s important to understand the finer details before jumping in. The right advice can make the process smoother (and safer) for everyone.

We're ready to help you and your kids navigate through this 🦁

01/10/2024

𝗜𝘀 𝗶𝘁 𝘁𝗶𝗺𝗲 𝘁𝗼 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲 𝗹𝗼𝗮𝗻?

Have you been considering refinancing your home loan but aren’t sure if it’s the right move?

Refinancing can be a smart way to adjust your mortgage to better suit your current financial situation. For example, if your income has increased or your credit score has improved since you first took out your mortgage, you might qualify for better loan terms.

Whether you want to pay off your loan faster or extend it for lower monthly payments, refinancing provides the flexibility to adjust the length of your loan. Furthermore, if you need funds for large expenses like home improvements or paying off debt, a cash-out refinance might be an option worth exploring.

Refinancing can be a powerful tool to improve your financial situation, but it’s important to weigh the costs and benefits.

Interested in finding out if refinancing is right for you? Reach out to us today for a chat 🦁

17/04/2024

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Mortgage brokers

01/11/2022

As many had expected, the Reserve Bank of Australia raised the cash rate from 2.60% to 2.85% at today’s board meeting.

Recent inflation data revealed that inflation increased by a sizable 1.8% in the September quarter, after an identical 1.8% rise in the June quarter.

As a result, it’s likely the RBA will increase the cash rate again in December, in a bid to put downward pressure on inflation

07/06/2022

The Reserve Bank increases interest rates by 50 basis points, taking the cash rate target to 0.85 per cent — well ahead of most economists' expectations.

05/06/2022

The Reserve Bank of Australia is widely expected to raise the cash rate for a second consecutive month, although there is debate how big that increase will be.

30/05/2022

https://www.news.com.au/finance/economy/interest-rates/australian-banks-tighten-lending-standards-as-interest-rates-rise/news-story/c70bda096b7c701d15bfe145d6242944

Homebuyers could find it even harder to get a loan as rising interest rates prompt Australia’s major banks to tighten their lending standards.

29/03/2022

Glad we could help guys!!!!!!! Keep up the good work yLead

10/12/2021

03/12/2021

An outer Brisbane suburb has caught the eye of interstate investors seduced by paying less than $200,000 for a neat home they can easily let out.

01/12/2021

A Victorian family who lost their entire $320,000 home deposit are now warning other aspiring property owners to look out for the legal “loophole” that left them penniless.