Willow & Reed Private

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Australia
Melbourne, VIC
Willow & Reed Private

We specialise in providing tailored lending solutions for professionals and established families.

Whether you're upgrading your family home, purchasing an investment property, or looking to refinance, we’re here to guide you every step of the way.

23/05/2024

With access to this many lenders you know we'll deliver the right loan and the right product for you.

Unlike the banks, who will only recommend you their product, we will conduct extensive research to ensure we find the best lender for your needs.

Give us a call, drop us an email, give us the opportunity to work for you or refer someone you know that could use our help.

09/04/2024

Don't have enough of a deposit?
Don't want to pay Lenders Mortgage Insurance (LMI)?
Want to get into the property market now?

Then a guarantor loan might be the answer.

Guarantors are not co-applicants but they do need to be fully assessed like all applicants on the loan.

The purpose of a guarantor is to avoid having to pay LMI. Basically, a guarantor let's the lender know, despite you not having the full 20% deposit (plus stamp duty, where applicable), you are still 'good' for the loan, and if all fails, the guarantor will step in to cover your repayments if you fail to do so.

When the equity in your home goes above 20% or you've paid down your loan either 20% or more, you can apply to have the guarantor removed.

Talk to me today about this strategy and whether it is the right one for you. I'd love to help.

28/03/2024

I love these tips. 👏
So simple but often overlooked.🤦

Who would've thought, paying MORE OFTEN would mean paying down your loan sooner. Interest is accrued daily and charged weekly, fortnightly or monthly (depending on your frequency). Each repayment you make, pays down some of your principal as well as covers the interest for that period. If you made repayments every week then you are paying down your principal sooner with each payment which means the interest accruing is more often on a lower amount each week as opposed to waiting a whole month to reduce your principal and subsequent interest calculation. Talk to us today to see if your current set up is the right one for you.

Off the back of that, pay more towards your loan, either by increasing your repayment amount above the minimum or putting money in a redraw or offset account. Every dollar counts. Whatever saved cash you have, if your interest rate on your home loan is higher than your high interest savings account then your money is working more for you sitting in your redraw or offset account (and bonus, you don't have to pay tax on it, but please speak to your accountant to confirm this for your individual situation). Less loan amount to calculate interest means more towards your principal.

Talk to us today.
We can do a mortgage makeover. Check that the mortgage is the right one for you not just the lowest rate.

Remember, nothing is free and if it's too good to be true then it probably is. Don't shop on rates only, shop on features combined that will help you pay down your home loan sooner.

27/03/2024

The key to finding a home and the right home loan is all about adopting the K.I.S.S strategy - Keep It Simple and Straightforward (I don't like the other word 😉).

1. Tidy up your finances leading up to your application. Get rid of credit cards you don't use or reduce the limit if you don't need it. Cut down on your spending, or implement a strick budget. The simple you make things the easier it is to get approved.

2. Plan ahead. Know what you want to spend on a home, how much of a deposit you need, whether you need to cover stamp duty, or LMI, etc. I can help you plan this out.

3. Find the right home loan. This is where I step in. I do the leg work for you. Make the journey simpler and more straightforward. Talk to me today.

4. Speak to a real estate agent. Don't have one or need some real estate advice? I can put you in contact with an amazing real estate agent and even a buyer's agent who, together, will do all of the heavy lifting in finding you your perfect home. Talk to me today.

5. Always inspect before you buy. This is such an important step. You don't want any surprises when you take ownership which might cost you thousands to fix. I encourage all my clients to put offers in with "subject to finance" and "subject to building and pest inspection".

Hopefully these tips are helpful.
If you want to discuss further, reach out, I'd be happy to help.

26/03/2024

Refinancing is not just about getting the lowest rate possible. Nothing is for free!! If you opt for a lower rate, chances are there will be higher fees, limited facilities to your loan, etc. it's important to balance out the rate with the features you want or need in a loan to ensure it is the right PRODUCT for you, it necessary the lowest rate for you.

For example, if you put extra into your loan each fortnight or month or you have money sitting in your redraw account constantly, getting the lowest rate possible might not work for you as you will likely not have an offset or redraw facility. Therefore finding a competitive rate that has those features to allow you to maximise your savings and have your money working for you not against you.

Talk to us today.
We can help.

17/03/2024

Finally, some signage up to help promote the business to the local area and it looks absolutely amazing.

Thank you .printing for the amazing job and for getting it to us so quickly.

We are servicing the local community and south east of Melbourne. If you know anyone looking to buy, refinance, consolidate debt, or purchase a commercial property inside a SMSF, please pass on our details or if it's you, please reach out. We'd love to help.

Our ideal client are Mum's and Dad's, young families, looking to buy their first home, improve their financial debt position or grow their property portfolio. With a passion for our own families, we'd love to help yours.

22/11/2023

The journey to finding your dream home starts with managing and maintaining a healthy budgeting system followed by the right loan to accommodate your needs.

Too often I have clients come to me finding the home first then coming to me for a loan.

Before you buy, review your budget, speak to us to find you the right loan, seek pre-approval then go out, with confidence, to find your dream home, knowing what you can spend. Removes the anxiety, removes the frustration, makes better use of your time inspecting the right home rather than all homes.

Don't forget, whenever possible, always get a pest and building inspection. The last thing you want is to find out after you settle that you have termites, or your foundation is not safe or there is mould in the walls.

Talk to us today, we can connect you with the right loan and other services you need when buying a home. Buy with power and confidence.

30/10/2023

Some people don't even realise their current home loan has a redraw facility.

Take the time to understand your home loan and the features it currently has. A redraw facility can boost your savings capacity but also help reduce the amount of interest you will pay over the life of the loan, if used correctly.

Have a chat to us today. Let us do a quick review of you home loan and see if your current home loan continues to be the right one for you.

Address

Melbourne, VIC

Website

https://willowandreedprivate.com.au/

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