Mortgage Vehicle Property Loan Solutions

29/06/2024

Here is the latest on MVP ReverseMortgages. Check out this site for more information:

Helping You Enjoy a Better Retirement with Reverse Mortgage Brokerage Services.

27/04/2024

Two major factors in determining the maximum loan are: ·         your age and home value. Can I make payments to a reverse mortgage? Yes.  There are generally two options with repayments  no repayments&

27/04/2024

Reverse Mortgages ?? Whats your thoughts.

Fundamentally, a Reverse Mortgage is designed to help you live a better retirement.

Frequently asked questions are How much can I borrow and are reverse mortgages a good idea?

26/05/2022

Interesting changes for property buyers and the change of Government.
Check out the Link:

Housing was a defining issue of this month's Federal Election and the Labor party's win brings with it a raft of policy measures designed to address the property market's biggest issues.In wrapping up the Labor Government's initiatives, CoreLogic's Research Director Tim Lawless says the headline ‘...

22/04/2022

I wanted to let you know we have added another level to our financial service offering by partnering with Loanstoday.

Loanstoday are our preferred specialists in the Personal/Consumer Loan , Asset Purchase and Leasing space.

If you, your business, a family member or friend are in need of this service , please contact us on 0411474913 and text/speak to David or Elaine to progress your enquiry . Alternatively please feel free to click on the following link:https://www.loanstoday.com.au/Referral/Form?id=6025
and simply follow the prompts.

We look forward to being of service to you for your financial needs.

Loanstoday provides an online loan application service with experienced loan processing staff. We provide access to personal loans, car loans, debt consolidation and asset finance. We have developed industry best software to assess which lender and loan will suit your needs.

02/02/2022

FHLDS just released 4651 new allocations - for existing properties.
(Lots more allocations for new homes)

The First Home Loan Deposit Scheme assists eligible buyers to purchase their first home with a deposit of as little as 5%.

The Australian Government is issuing 4,651 additional guarantee places for the First Home Loan Deposit Scheme (FHLDS) to support first home buyers who haven’t had an opportunity to purchase their first home, including because of COVID disruptions. These scheme places will be available from Monday 31 January 2022

10/01/2022

First Home Buyers - buying existing/established property. FHLDS NHG. Be quick.
One lender says - "we still have about 80 place left-so if you want one you will need to be quick."
This is completely separate to the Government re-leasing approx. 4,200 FHLDS spots for established-we believe that will happen late January or early February

However-it’s entirely up to the Government on that and the timing. We will advise on those as soon as we get the information.

New Home spots (NHG) are readily available.

30/03/2020

The lenders are releasing their processes to follow when claiming hardship and we are doing our best to keep up to date with the varied responses. Most are offering repayment breaks for 6 months to start with.

A few things to keep in mind:

1. There will most likely be a three month checkpoint .
2. If you have money in redraw, use this or withdraw this, before you enter into an arrangement. When you enter an arrangement your redraw will be most likely be suspended until your account is back in order.
3. If you have a debit card attached to the home loan redraw, and direct debits set up from the home loan redraw, these will also obviously be suspended. Offset facilities are a different story as this is a separate bank account.
4. So far Lenders have advised that the interest will be capitalised to your loan during the “repayment pause” time.
5. After a repayment pause, you will be required to bring your account up-to-date over an agreed period of time. This will result in monthly payments being adjusted to meet the contracted loan term (i.e. the amount required may be higher than current repayments and may incur a higher amount of interest over the life of the loan). A lot of these discussions will be had directly with the customer at the time to clarify the customers situation.
6. Some lenders may be able to extend loan terms to accommodate..
7. We know lenders are already demonstrating compassion through this tough time, and we also presume that they will continue to work with their customers when the repayment break is over. If your situation has not improved in six months, we believe you will be able to negotiate further support and arrangements.
8. The repayment pause will not impact eligible home loan customers’ credit score and credit reports. All new lending requests after the repayment pause will need to meet lending qualifying criteria.

https://www.ausbanking.org.au/campaigns/financial-hardship/
in this link – scroll down the page to find your lender.

Australian banks will defer loan repayments for small businesses affected by COVID-19 for six months.

28/03/2020

Enjoy the latest Newsletter March 2020.
https://mvploansolutions.com/new-page-3

plus
the link to the all the Banks COVID-19 help - click the link - then scroll down within that page to find your lender.

https://www.ausbanking.org.au/campaigns/financial-hardship/

⦁ Video or phone call. My business has technology platforms to enable us to do business efficiently without the need for face to face interaction.

17/02/2020

CGT changes for non residents. But it’s only an issue if don’t plan to come back and live in the property before you sell.

London-based Greg and My happened across a random website alerting them to imminent changes to their financial situation. To avoid it, they have to sell within four months.

14/02/2020

Great property on a fantastic street. First open home Saturday.

A beautifully classic Queensland home situated in superb tree lined Yabba St, the property has been updated to create a stylish mix of old and new, offering traditional ambiance in a relaxed setting.This gracious two storey property accommodates all types of families, with large well-appoi...

03/10/2019

Peel away the years !!!
With interest rates the lowest they have ever been, it’s time to talk about how you can take advantage of this opportunity and secure financial freedom earlier than anticipated.

Whilst reducing rates, and repayments, is going to give you more money in your pocket, why not consider a different approach and request your lender to keep your current repayment prior to the latest rate drop... or even better still set it back to an even higher repayment. The interest charged on your loan is going to stay low so anything you set above that is going to come off the principal and could cut your loan end date down by years. Lots of years !!

As an example, on a $300,000 Mortgage at 3.7%, your repayments would indicatively be $1380.85. With rates moving by .15% on average your new repayment would be $1355.52. If you continue to make a repayment of $1380.85 on the lower rate, you would save 11 months off your loan and approx. $6,860 in interest over the term of the loan.

Imagine if you set your repayments even a little higher (as let’s face it rates have been higher and you managed fine). As an example using the above scenario, if you changed your repayment to $1500 a month (approx. $33 a week more than the new min), you would save 4 years and 8 months – and over $33,000 in interest!

Imagine if your rate was in the 2% or very low 3 %. And keep the repayment high.

If you want to know how to make this happen with your particular lender, then email, text or give me a call.