Cam Warren Finance

08/05/2026

Hi Everyone

Cam Warren Finance has rebranded to Team Warren Finance.

Same trusted guidance and commitment but with a fresh rebrand- we'd love to see all of you over at:

https://www.instagram.com/teamwarrenfinance/?hl=en

https://www.facebook.com/profile.php?id=61572147184644

•Residential/commercial property
•Equipment
•Self-employed specialists

Streamlined processing-
expediting the time to YES

ACL:387387

Book a call 👇
https://calendly.com/twf-enquire/15min

https://calendly.com/twf-enquire/b2b-strategy-discussion-

04/04/2023

The Reserve Bank gives mortgage borrowers a reprieve, at least temporarily, by leaving interest rates on hold at Tuesday's board meeting.

21/12/2022

Merry Christmas everyone - interesting read this - first time the pause word has been used in this rate rising cycle - is this the equivalent of an
RBA Christmas present?????

The central bank’s monetary policy minutes have revealed that the board considered no change in the cash rate for the first time in this tightening cycle. As the final piece of communication for the

10/08/2022

More and more pundits suggesting that near term rates may not rise as much as earlier anticipated....

Interesting that some of the longer term fixed rate loans have started dropping.....

The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right?

15/07/2022

Are you a soon to be first home buyer or do you have a family member looking at entering the property market???

Let's chat about some of the current government assistance programmes that exist to make life easier for first home buyers.

Firstly the QLD state government continues to provides a $15k first home owners grant - the key requirements are as follows:

Property price cap $750k
Property must be a new build or a newly built property not lived in
Applicant must move into property as your principal place of residence within one year of settlement and live therein continuously for 6 months
Applicant must not have owned property previously

The $15k grant is paid to your home loan provider - if purchasing a newly completed property payment made at settlement - if a property under construction grant typically at the first draw stage.

Now a quick dive into the federal governments First Home Buyers Guarantee

The First Home Guarantee (FHBG) is part of the Home Guarantee Scheme, an Australian Government initiative to support eligible first home buyers purchase a home sooner.

This scheme all about reducing the need for a first home buyer paying a costly lenders mortgage insurance ( LMI ) premium- in essence an applicant stumps up 5% of property price as a deposit and the government provides a guarantee to bank of 15% - resulting in first home buyer paying ZERO mortgage insurance

Key considerations are as follows:

Property Price Caps apply - for Sunshine Coast this is $700k - price caps are reviewed annually and vary from locality to locality

A single applicant can't be earning more than $120k pa - joint applicants can't be earning more than $200kpa

Applicants must not have owned any Australian property previously

An amount equal to 5% of property price must be saved - ie at finance application stage 3 months minimum of bank statements evidencing 5% of purchase price saved / accumulated to be provided.

So if you are purchasing at $700k with 5% deposit the bank will assess you on a $665k borrowing - if approved under this scheme no mortgage insurance payable.

If you or a family member would like more information on any aspect of first home buyer assistance contact me today on

0408880259 / [email protected]

07/07/2022

By now most Australian's unless living under a very large rock will have noticed the rise in official interest rates and the subsequent effect this is having on mortgage rates.

The reserve bank is withdrawing the extremely accommodative interest rate settings implemented at the commencement of covid – it is generally thought that the official rate will have risen to somewhere between 2% and 2.5% by early next year.

RBA head has advised us that
“The size and timing of future interest rate increases will be guided by the incoming data and the board's assessment of the outlook for inflation and the labour market.”

There are already some signs that inflation expectations are starting to moderate – long term bond rates in Australia and USA have fallen in the last few weeks –In fact, some economists are suggesting that by the second half of 2023 this rate rising cycle may have run its course.

What to do now? – this is very much dependent on your own situation. A mortgage is a 30 year journey– but fixing for the near term – say 1 or 2 years – may be prudent.

There are subtle differences between various fixed rate offerings – some fixed rate options will let you make unlimited payments without any penalty and operate in conjunction with a mortgage offset account – in other words features usually synonymous with a variable rate loan.

If you have any questions on the merits of fixed rates Vs variable rates or what steps can be taken to mitigate the effects of rising rates reach out today.

https://www.abc.net.au/news/2022-07-06/has-my-bank-raised-interest-rates-yet/101212616

04/06/2019

There you go- a cash rate of 1.25%

The Reserve Bank has cut rates to a new record low of 1.25 per cent after 32 consecutive months on hold, signalling good news for mortgage holders.

16/05/2019

Ive been harping on about this for ages, now senior bankers are speaking out re the absurdity of having to assess home loan borrowers at ridiculously high interest rates....well said Shayne Elliott👏👏👏

ANZ boss Shayne Elliott said it was time to consider changing the buffer requiring new borrowers have the capacity to pay a 7.25 per cent interest rate.

03/05/2019

I have spoken on this issue previously - now it seems a senior financial economist is getting it...… ( probably many others are also )

Why are lenders under direction from regulatory bodies to work out loan affordability at interest rates of 7.25% and greater??? , when the official cash rate is 1.5% and likely to fall to 1% later this year??
If the affordability calculations are performed at a lower rate it could mean that home ownership is possible for a greater portion of the population :)

Watch this space....

The central bank, APRA and the banking industry are considering reducing a key mortgage measure as an alternative to a cash rate cut, financial economist and former government adviser Christopher Joye has suggested.

02/04/2019

Market experts unpack the decision and theorise impact on future lending