Lendvisors Finance-Home Loan & Mortgage Solutions

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Lendvisors Finance-Home Loan & Mortgage Solutions

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04/09/2024

🏡 4 important steps when buying with friends or family 🏡⁣
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One-in-two Aussies are open to buying a home with a friend or relative, according to Compare the Market.⁣
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But before deciding on who'll get first dibs on the main bedroom, here are four steps you might want to consider:⁣
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✅ Formalise the agreement: put everything in writing - from how much each person contributed to how bills are shared.⁣
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✅ Have an exit strategy: know what will happen if one owner wants out.⁣
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✅ Get professional advice: legal advice can help you decide the ownership structure that’s right for you.⁣
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✅ Talk to us about flexible loan options available to co-buyers, and discover what works for you. 👇⁣
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To find out more, DM us or contact Lendvisors on:

☎️ – 03 9652 9310
💻 – [email protected]

28/08/2024

🤔 How much could you save by refinancing? 🤔⁣
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With cost of living pressures biting, refinancing could be a way to help you save. 💰⁣
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The RBA reports the average variable rate is currently 6.39%.⁣
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And that's just the average - many mortgage holders are paying much more and don't even know it. 🙈⁣
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Meanwhile, we're seeing some lenders offering variable rates between the 6.1% to 6.2% mark.⁣
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So, for example, if you refinanced a $600,000 home loan on a 6.69% variable interest rate down to 6.19% (30-year term, principal and interest), you could save almost $200 per month.⁣
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Want to find out if you could save on interest by refinancing? 😁⁣
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Talk to us to find out if you’re eligible – and if so, how much you could save. 👇⁣
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To find out more, DM us or contact Lendvisors on:

☎️ – 03 9652 9310
💻 – [email protected]

26/08/2024

🤔 What happens if you buy before you sell? 🤔⁣
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Buy first? Or sell first? 🤨⁣
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It’s the classic conundrum for upgraders. 🙃⁣
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Thing is, you don’t have to wait for your old place to sell before buying - especially if the home of your dreams comes onto the market.⁣
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A bridging loan can span the funding gap while you wait for your current home to sell. 😎⁣
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The interest rates can be higher than a standard home loan. 😒⁣
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But on the plus side, bridging loans are usually interest-only, which can help make the cost more manageable. 🙂⁣
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So if you've bought before you've sold, and are starting to worry, get in touch with us today to find out if a bridging loan is suitable for you. 👇⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

19/08/2024

🤓 Why three-in-four Aussies turn to a broker for home loan help 🤓⁣
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Latest industry figures show that 74.1% of homebuyers turn to a broker for home loan help (and that figure has been steadily increasing!). 📈⁣
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Here are three ways you could benefit from the support of a mortgage broker with your next property purchase.⁣
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✅ We can help guide the way: we can act as a trusted guide to help you navigate the complex process of buying a home with confidence.⁣
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✅ We work in your best interest: we are bound by a Best Interests Duty, which means we are required by law to always put your best interests first.⁣
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✅ We’re here for the long term: You and your home loan are likely to be together for a while. And we’ll be right there with you, providing regular home loan reviews.⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

14/08/2024

👵 The Bank of Nan and Pop is on the rise 👵⁣
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Nan and Pop have always been good for birthday money. 🎂⁣
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But they’re taking it to the next level now the grandkids are all grown up. 😎⁣
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Compare the Market says almost 1-in-10 Aussie grandparents are now helping their grandkids purchase property. 😮⁣
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It’s great if Nan and Pop can afford to offer a helping hand. 🤝⁣
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But even if you receive a cash gift from a family member, lenders may still want to see evidence of regular saving. 🤨⁣
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It gives the bank confidence you can manage a mortgage. 👍⁣
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So if you'd like us to help you get home loan ready, get in touch today and we'll run through the ins and outs with you. 👇 ⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

12/08/2024

🌳 Is a bush or bay change on your bucket list? 🏝 ⁣
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A surging number of city-slickers are heading to the bush or bay, latest CommBank research shows. ⁣
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Metro to regional relocations are now 20% higher than pre-Covid. 😮⁣
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Part of the appeal is affordability. ⁣
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National regional home prices are $626,000 on average, compared to $864,000 across state capitals. 🤔⁣
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That’s a potential saving of $238,000. 👍⁣
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That can also translate to a $1300-$1600 difference in home loan repayments each month, depending on the loan term, interest rate and deposit amount (wouldn't that be nice?).⁣
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So if you’re hankering for a home among the gum trees, talk to us about a tree or sea change home loan. 👇⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

07/08/2024

🤔 Could BNPL be a roadblock for your home purchase? 🤔⁣
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Two-in-five Australians now use buy now pay later (BNPL) services, according to Finder. ⁣
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But if you’re a prospective home buyer it might be worth going easy on BNPL. 🙃⁣
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Owing money on BNPL could see a lender scale back your borrowing power. 😮⁣
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You may even be asked to close BNPL accounts as part of getting loan approval. ⁣
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If you're currently house hunting and owe money on one or several BNPL accounts, give us a call and we can help you get your finances home loan ready. 👇⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

05/08/2024

🏔 One-in-three of borrowers are still to face the mortgage cliff 🏔⁣
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It’s not over just yet...⁣
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Over one-third of the low-rate fixed loans from 2022 will roll over to variable rates this year, says the RBA. 😮⁣
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If that sounds like you, it might be time to start planning ahead.⁣
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✅ Know how your repayments could change: we can explain likely loan repayments after your fixed-rate period ends.⁣
✅ Give your budget an overhaul: cutting back on non-essentials can free up extra cash and help build a buffer.⁣
✅ Skip loyalty tax: many lenders offer attractive rates to new customers. Refinancing could help you save with a lower rate.⁣
✅ Last but not least, talk to us: we can help you prepare for the end of your fixed-rate home loan.⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

31/07/2024

🤨 What assistance is available for first home buyers? 🤨⁣
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Saving up to buy your first home is no mean feat. 😅⁣
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Fortunately, there’s a few schemes and options that can help you get your foot in the door. 🥾⁣
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Pick from:⁣
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✅ The Home Guarantee Scheme: buy with just a 5% deposit and no LMI.⁣
✅ First Home Owner Grants: worth up to $10,000 in many (but not all) states.⁣
✅ Stamp duty concessions or exemptions: available in most states.⁣
✅ The First Home Super Saver Scheme: grow a deposit in super^.⁣
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Even better, you can mix and match the different schemes above to help fast-track your first home purchase.⁣
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Talk to us to find out about the first home buyer schemes you could tap into. 👇⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

29/07/2024

🚨 Investor alert: rental property claims on the ATO radar 🚨⁣
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Landlords, look out! 😮⁣
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The Australian Tax Office is warning that rental property claims are under the spotlight this year. 🔦⁣
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It follows a review showing 9 out of 10 landlords are getting their tax returns wrong. 😬⁣
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So what do you have to watch out for in particular this year? 🤔⁣
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Repairs and maintenance costs will be closely reviewed. 🏚⁣
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The tax man will also be looking for inflated expenses to offset increased rental income. 🧐⁣
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If you think this might be the year to start using a tax agent, get in touch and we'll put you in touch with someone we trust. 👇⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

24/07/2024

🤔 What happened to the predicted 2024 rate cuts? 🤔⁣
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Interest rates don’t look like heading south any time soon. 🙃⁣
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It’s all thanks to inflation, which is sitting stubbornly just above the Reserve Bank’s target range of 2-3%*.⁣
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Chances are we won’t see any cash rate cuts for home loans until at least early 2025 (and some pundits are now saying a hike might now come before a cut). 😤⁣
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But don’t let that stop you from taking action of your own. 👍⁣
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We’re still seeing a big difference in rates across lenders.⁣
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Better still, rising property values may mean you’re in a great position to refinance. 👇⁣
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To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

22/07/2024

🧐 What does buying a home ‘subject to finance’ mean? 🧐

Seen a place you love but not sure if you’ll get a home loan? 🤔

Making an offer ‘subject to finance’ can buy valuable breathing space. 👍

It means you could walk away from a purchase with your deposit intact if you can’t land a home loan.

The catch? 🎣

The seller doesn’t have to go along with a sale that’s subject to finance - and there's a reasonable chance they won't if you're buying in a seller's market. 🙃

Another option you can consider is lining up home loan pre-approval before making an offer on a property. 🙌

If you'd like to find out more about pre-approval, call us today. 👇

To find out more, DM us or contact Lendvisors on:

☎ – 03 9652 9310
💻 – [email protected]

Address

Unit 3/1 Post Office Place Glenroy
Melbourne, VIC
3046

Website

http://www.lendvisors.com.au/

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