Mortgage Haven

18/12/2024

Proud to give back to The Code 9 Foundation, an amazing organisation who helped put me on the path to health after a long career in emergency services and suffering the effects of PTSD. Code 9 helped me in my darkest hour which led me on the path to recovery and ultimately founding Mortgage Haven. I am forever grateful to the Code 9 team!

I'm also humbled to be recognised by an industry body for my work with them and to be shortlisted as a finalist for the Better Business Awards 2025 (VIC) - Best Community Engagement Program. 🥰

Massive shoutout to Dale Henry who is the founder of Mortgage Haven, one of our sponsors for being announced as a finalist for the Better Business Awards 2025 (VIC) for "Best Community Engagement Program" category. Dale was also named as finalist for "Best Regional Broker".

Dale wanted to support us after we supported him after he was ill health retired from Victoria Police. He wanted to give back.

As a pure volunteer run charity, we count on the support of others to help us and Dale sponsors our digital and technology costs associated with managing a non-profit foundation.

Dale understands the needs of those with PTSD and other mental health conditions and has walked that path. He specialises in finance for current and former first responders in receipt of ESS Super Pensions and Work Cover, and has indeed, helped many members with their mortgages after other financial institutions denied them.

If you need a mortgage broker, Dale is your man.

Congrats mate, couldn't be prouder of you.

mortgagehaven.com.au

05/11/2024

Hello Queenslanders! Are you looking to buy a home this year? Then you need to read this and see if you qualify: 🏡
From July 1st, 2024, take advantage of these fantastic government incentives:
• Stamp Duty Savings:
o Full exemptions for first home buyers on homes valued up to $550,000.
o Concessions for properties valued between $550,000 and $750,000.
• First Home Owner Grant (FHOG):
o $15,000 for new homes valued up to $750,000.
• Government Home Buyer Guarantee Scheme:
o Secure your home with a 5% deposit, without paying Lenders Mortgage Insurance (LMI).
o Available for properties valued up to $700,000 in Brisbane and $550,000 in regional areas.
Don’t miss out on these great opportunities! We’re ready to help you on your journey!

03/11/2024

SA Home Buyers, we’ve got you! 🏡 Starting July 1st, 2024, new grants and incentives are available for those looking to buy a home:
• Stamp Duty Savings:
o Full exemptions for first home buyers on properties valued up to $600,000.
o Concessions for properties valued between $600,000 and $750,000.
• First Home Owner Grant (FHOG):
o $15,000 for new homes valued up to $575,000.
• Government Home Buyer Guarantee Scheme:
o Purchase your first home with a 5% deposit without paying Lenders Mortgage Insurance (LMI).
o Applicable for properties valued up to $650,000 in Adelaide and $500,000 in regional areas.
Let’s get you into your new home! We’re ready to help you on your journey!

02/11/2024

How long does a pre-approval last?
Typically, the majority of lenders offer a pre-approval which is valid for 90 days. Some lenders offer up to 120 days. It’s important to note, that some lenders will reassess the application on the new interest rates if the rates have moved whilst other lenders will honour the pre-approval from a certain date, irrespective of any rate changes. It's always wise to check with your lender about their specific policies regarding pre-approval validity and interest rate fluctuations.
Additionally, maintaining your financial situation is crucial during the pre-approval period. Any significant changes, such as a job switch, new debts, or large purchases, can impact your pre-approval status.
Finally, remember that a pre-approval isn't a guarantee of final mortgage approval. It's an important step that gives you a clearer picture of your borrowing power and helps streamline the home-buying process, but the final approval will depend on a more thorough evaluation of your financial health, the property, and other factors at the time of purchase.
Click to learn more: https://lntls.au/mortgage-haven
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01/11/2024

Equipment Finance
We do so much more than home loans! We work with small businesses to help them secure business funding and equipment finance to help grow and scale their business. If you’re in the market to expand your business, replace equipment or refinance existing debt, then reach out to our team and let’s look at your options.
Click this link to book in a call to learn more: https://lntls.au/mortgage-haven
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29/10/2024

Unlock Equity in Your Home to invest in another! 🏡💰
What is Equity? Equity is the difference between the value of your home and the balance of your mortgage. For example, if your home is worth $800,000 and you owe $500,000 on your mortgage, you have $300,000 in equity.
How to Use Equity to Buy Another Property:
1. Assess Your Equity: The bank will complete a valuation to determine how much equity you have.
2. We’ll help you understand how much equity you can access (you can borrow UPTO 80% of the value of your property without incurring LMI). In this scenario, you would be able to access $140,000 in order for your existing loan at 80%.
3. Loan Options and Plan of Attack:
o We would guide you on the maximum purchase price for you investment property. This is based on your serviceability AND your deposit amount.
o The $140,000 equity loan would be established for the deposit of the next property.
o A pre-approval would be set up for the remaining balance of your purchase.
Using your equity wisely can be a game-changer in building your property portfolio! Ready to explore your options? Contact us today we’re the experts!!

27/10/2024

Do you live in Victoria and planning to buy a home this financial year? Here’s the low down on what savins you may be entitled to:🏡
Starting July 1st, 2024, new government incentives are available to help you buy your dream home:
• Stamp Duty Savings:
o Full exemptions for first-time buyers on properties valued up to $600,000.
o Concessions for properties valued between $600,000 and $750,000.
• First Home Owner Grant (FHOG):
o $20,000 for new homes in regional Victoria.
o $10,000 for new homes in metropolitan areas.
• Government Home Buyer Guarantee Scheme:
o Purchase your first home with just a 5% deposit, without paying Lenders Mortgage Insurance (LMI).
o Applicable for properties valued up to $850,000 in Melbourne and $650,000 in regional areas.
Ready to own your dream home? Contact us today! We’re ready to help you on your journey!

26/10/2024

Do and Don’t
• Do call me and discuss your property goals and set a plan for your future.
• Don’t stress out about investing or buying a home, we’ve got your back!
Click this link to book in a call to learn more: https://lntls.au/mortgage-haven
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25/10/2024

Borrowing money through your Self-Managed Super Fund (SMSF) to invest in property can be a game-changer for your retirement strategy. Here's how it works:
How It Works:
1. Set Up Your SMSF: Establish and manage your own super fund.
2. Assess Borrowing Capacity: We can determine how much your SMSF can borrow based on fund balance, contributions and proposed rental income.
3. Property Purchase: Combined SMSF funds and a SMSF loan to buy a residential property.
4. Loan Repayments: Use rental income and other SMSF contributions to repay the loan.
Potential Benefits:
• Tax Efficiency: Potentially lower tax rates on rental income and capital gains.
• Diversification: Add property to your retirement investment portfolio.
• Control: Directly manage your investment decisions.
Considerations:
• Regulatory Compliance: Adhere to strict SMSF rules and regulations.
• Costs and Risks: Be aware of setup costs, ongoing management fees, and property market risks.
Is SMSF Property Investment Right for You? Consult with a financial advisor to ensure it aligns with your retirement goals and risk tolerance. We can guide you on the lending side of things and put together a proposal that aligns with your retirement strategy.
Contact us today to learn more about SMSF loans for property investment!

22/10/2024

Did you know? Some lenders allow you to have more than one offset account set up against your loan? If you need multiple offset accounts, reach out and we’ll guide you on each lenders product to see which one best suits your needs?💡

20/10/2024

What is LVR? LVR (Loan to Value Ratio) is the percentage of the loan amount compared to the value of the property. For example, if you borrow $400,000 to buy a $500,000 home, your LVR is 80%.
Why It Matters:
• Government Guarantee Scheme: For eligible first home buyers, the government guarantees part of your loan, allowing you to buy with a smaller deposit (as low as 5%) without paying Lenders Mortgage Insurance (LMI).
• LMI Waivers with Different Lenders: Some lenders waive LMI for borrowers with a high LVR, typically above 80%, especially for professionals like doctors, accountants, and lawyers and we can even access LMI waivers for education and other healthcare workers along with sports and entertainers, IT specialists and other senior management professions.
• Family Guarantee Options: Use a family member’s property as additional security to reduce your LVR and avoid LMI.
• Interest Rates: Some banks charge higher interest rates for loans with a higher LVR, making your mortgage more expensive over time.
How can we help you? We are the experts to guide you through and help you understand how your LVR can impact your interest rate and mortgage insurance. Our personalised advice can save you money and ensure you get the best deal.
Ready to optimize your LVR? Contact us today!

19/10/2024

What is one thing you wish you knew before you bought your first home? Comment below! I’ll go first👋
I wish I didn’t rush in. I wish I took my time, asked more questions and investigated the property rather than believe the agent !!!
Click this link to book in a call to learn more: https://lntls.au/mortgage-haven
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