Tuan Nguyen - Mortgage Broker- English + Vietnamese speaking

11/02/2024

Happy Lunar New Year - 2024 - Year of the Dragon

26/01/2024

🇦🇺 HAPPY AUSTRALIA DAY

24/12/2023

04/07/2023

🥳🥳🥳EXCITING NEWS FOR HOME BUYERS!!!!

🔐From 1 July 2023, under Home Guarantee Scheme, Eligible customers will only require a minimum deposit of 2-5% , potentially saving them thousands of dollars!!!! 😁

04/07/2023

🔥The RBA board left the official cash rate unchanged at 4.10% - July 2023.
🔥Nevertheless, the RBA signaled that more tightening may be needed to rein in inflation, with many expecting another hike – the 13th since May 2022 – to come as early as next month

26/05/2023

🔑 FORMAL APPROVAL IN 7 DAYS FOR A 1st HOME BUYER WHO ENGAGED US WITH THE CONTRACT ALREADY SIGNED!

26/05/2023

⚡️ Highlights:
1. National Australia Bank (NAB) has increased variable rates for new home loan customers for the third time in the last three months by 0.1 of a percentage point.

2. NAB followed Commonwealth Bank in dumping its mortgage cashback offer, amid concerns that banks’ aggressive pricing and generous incentives were resulting in new home loans being written below the cost of capital.

3. NAB’s higher “front book” rate and elimination of cashbacks reflect a desire to move away from irrational pricing that has washed through the mortgage market, as the bank prioritises profits over volume growth.

4. Some regional banks are taking their foot off the competition accelerator, too. Suncorp, for example, had just lifted its front book rates by 0.13 of a percentage point more than the last RBA rate rise, brokers said.

5. Westpac and ANZ Bank are maintaining aggressive below-the-line discounts on top of their sharp standard rates as they continue to prioritise. Westpac and ANZ are also maintaining their mortgage cashbacks.

FULL ARTICLE:

The bank has increased its “front book” rates to relieve pressure on profits from intense home loan competition.

22/05/2023

STILL LOOKING TO REFINANCE ?
MAYBE THIS COULD BE YOUR CHANCE , see below:
👇👇👇

1. Westpac will lower its stress test on select refinance applications, allowing borrowers to escape "mortgage prison".
2. Borrowers with Westpac and its subsidiaries who do not pass the banking group’s standard serviceability test can now be re-tested using a “modified serviceability assessment rate”.
3. To be eligible for the bank’s Streamlined Refinance, borrowers will need to have a good track record of paying down all existing debts in the past 12 months and a credit score of more than 650, among other criteria.
4. Interest-only terms, debt consolidation, and loans that require lenders’ mortgage insurance do not qualify.
5. The move has been welcomed by RateCity.com.au, which has called on the Australian Prudential Regulation Authority to officially lower its serviceability buffer for refinancers.

Full article :
https://www.brokernews.com.au/news/breaking-news/westpacs-new-move-to-help-borrowers-escape-from-mortgage-prison-282505.aspx

The bank slashes stress test for select borrowers

03/05/2023

🔥The Reserve Bank of Australia has increased the cash rate target by 25 basis points to 3.85 per cent and the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent.
🔥Inflation in Australia is still too high at 7 per cent, and it will take some time to return to the target range.
🔥The labor market remains tight, with the unemployment rate at a near 50-year low.
🔥The Board's priority remains to return inflation to target to avoid damage to the economy and people's lives.
🔥The Board will continue to monitor the economy, inflation, the labor market, and household spending to determine if further tightening of monetary policy is required.

21/04/2023

🤗 Call us now for an obligation free consultation on the spot about your borrowing capacity and which potential Lenders you can refinance over. Act now to put the money💲💸 back into your pocket 💰

21/04/2023

🙏Praying for interest rate on hold again next month and can't wait for it to start coming down 😌

06/03/2023

Wondering how much will the interest rate increase this month 🧐 considering most major banks have increased their FIXED rate home loan.. what does that tell you?? 🥲