Custom Finance Group

23/02/2023

February Update from Custom Finance Group

The Reserve Bank recently raised the cash rate for the ninth time in as many meetings, and has signaled that more rate rises – plural – are likely coming.

“The Board expects that further increases in interest rates will be needed over the months ahead to ensure that inflation returns to target and that this period of high inflation is only temporary,” it announced in a statement.

It is pertinent that you as a customer stay across your homeloan rates given the last 12 months. I would urge you to contact myself to discuss what i can do for you to stay ontop of these rate increases.

I am working my way through a rather large data base & making contact with you all. If you would like to chat sooner, please don't hesitate to call on 0405 211 058 or drop me an email at [email protected]

As always, i am always open for a chat.

Cheers,
Glenn

05/11/2019

Proud to receive these two awards for 2019. Its great to be part of such a great team sourcing the best outcomes for my clients year in year out.

They will find a good home in the quiver.

06/08/2019

After two recent official cash rate reductions of 0.25% in both June and July, it’s no surprise the RBA has opted to keep the official cash rate steady at 1.0% for August.

The bank regulator APRA, has also recently relaxed tough lending restrictions imposed on banks and other financial institutions, potentially making it easier to secure a home loan. Add in a property market that is turning the corner from a downturn, and it's good news for home owners and home buyers across the nation.

18/02/2019

Latest Corelogic results on property values. I would expect further declines over the next 12 - 18 months given the current market & tightening conditions.

With national dwelling values falling, and falling fastest for premium housing stock, the number of suburbs with a median value at or in excess of $1 million has fallen over the past year.

06/02/2019

A very good simple explanation to the outcome of the Royal Commission findings of Monday by Tom Elliot.

For those of you who don't understand the ramifiactions to the broking industry or the consumer (ie - the Australian public) at the end of the day, i urge you to please have a listen.

In terms of the recent Royal Commission I personally have not seen such rubbish put to the public since "Dude Wheres My Car" was released. Everyone needs to get educated on the value of the broking industry to the consumer & not be miss-lead by the single-minded view of a retired Judge who clearly knows very little about the financial industry.

Happy to discuss, if anyone wants a chat.

Tom Elliott says the Banking Royal Commission report could have devastating ramifications for an innocent party, while the big banks effectively get off scot-free. “This is going to surprise …

07/09/2018

Giddyup!!

01/08/2018

A little info for prospective property buyers from a finance point of view. NAB announced as of 16th July 2018 that it will no longer complete full credit assessment for Approval in Principle (AIP) loans.
What this means for you as a NAB customer is that you are not covered by an approval when you are looking for a property, so the system generated approval provided by them is not verified nor worth the paper its written on.
This is particularly important when making offers on a purchase & if you are heading to auction.
Its best to utilise a broker who has access to the full market of lenders who will set you up with a properly assessed loan approval.
As the old saying goes, "Its better to be safe than sorry"

16/07/2018

Great house for sale in the local area!!!

Family Entertainer with Second Residence. 5 bedrooms House for Sale. Auction. 99 Ryan Place Beacon Hill NSW 2100. Listed by Belle Property - Dee Why . Features: Garage Spaces.

05/07/2018

For those client purchasing houses currently. A good read around Building & Pest inspections that you should be obtaining.

Pre-inspections are essential.

10/05/2018

In light of the Roal Commission happening at the moment, i thought this was a good light hearted stab at a touchy subject for the banks.
Got to love the Australian sense of humour.....

19/04/2018

....Watch this space.....

Property owners with interest-only mortgages have been urged to get their finances in order or risk being forced to sell.

01/03/2018

Shameless plug.....3 National Awards now which i am pumped about. Not bad for someone my age in this established industry.
.....i'm going for #1 next year

Glenn