Want Finance

15/10/2021

Just thought I would remind you all of the good old days.

imagine a million dollar loan P & I over 30 years. ANZ cheap at 16%. just in case you cant imagine what that would look like that a repayment of $13,447.57 per month.

That would certainly cool the housing market right!

Fixing your home loan rate at under 2% - might be a good idea with rates set to rise. not saying they will get this high but think about what rates at 3% or 4% might look like to your household budget

09/02/2021

Where will Interest rates be in 2024?

Despite the Governor saying that the economic recovery was faster than expected, and that the GDP is now expected to return to pre-pandemic levels by the middle of this year, Mr Lowe also announced that the Central Bank will purchase a further $5 Billion in Aust Govt Bonds each month starting from April 2021 up to $100 BILLION. They purchase these bonds by printing more Australian Currency. An effective tool to stimulate the economy and arguably more effective than moving the interest rates down further.

BUT WHAT DOES IT ALL MEAN

By having extra money floating around the economy it has two effects on interest rates;
Bank and fixed interest rates are unlikely to increase anytime soon (for at least 3 more years). This has caused many analysts to increase their forecasts for house prices to increase; and
With an extra Hundred Billion dollars sloshing around Australia the money needs to find a home somewhere. It could find a home in the share market, in commodities, in renewables or perhaps even cryptocurrencies.
It is rare to have such certainty from Central Banks that interest rates are not going up ( or down) anytime soon so its never been a better time to consider investing in property or shares, pay your loan off faster or lock in super low rates. For advice on what you might be able to do please make an apt for us to review your current rates and or look at a borrowing capacity to invest.

We have heard it all before but in all honestly.....

ITS NEVER BEEN A BETTER TIME TO DO SOMETHING !

19/08/2020

Beware. if you have accessed your Super and are currently applying for a loan you may be declined. for advise on how to navigate this contact us

Let us solve your money puzzle! Want Finance is an experienced financial broker in Melbourne. Get expert financial advice today!

18/08/2020

Dreams can become realities

First Home Loan Deposit Scheme places still available

There are a number of incentives for first home buyers at the moment – stamp duty exemptions, grants, etc. One of these incentives – the First Home Loan Deposit Scheme – supports eligible first home buyers to purchase a modest home with a deposit of as little as five per cent. Through the National Housing Finance and Investment Corporation (NHFIC), the Australian Government guarantees up to 15 per cent of the assessed property value to a participating lender.

There are only 10,000 places available each financial year and in FY19-20, all 10,000 places were reserved within five months. This latest release from 1 July 2020 has been just as popular.

You may have seen in recent media that Commonwealth Bank and NAB are working through their FHLDS waitlists at the moment. If you’re unable to secure a spot for your client with CBA or NAB, there are still places in the Scheme available with any of the other 25 non-major lenders on the FHLDS participating panel.

See a list of the participating lenders on the NHFIC website: https://www.nhfic.gov.au/what-we-do/fhlds/how-to-apply/ .

Contact us for assistance as its a bit of MAZE but with almost $60k worth of incentives available its never been a better time to get into your first home.
www.wantfinance.com.au or call us on 0456966567. Ask us how you can get dinner on us tonight

03/07/2020

We are so concerned for our fellow Victorian’s whom find themselves back in lockdown. Like in days of war-time your sacrifice is not going unnoticed. -Your not alone... If you need help with your finances reach out. We are here to help.

24/06/2020

Happy Client: refinanced their home loan into a super low interest rate in record time, with the money they are now saving on their home loan they were able to buy a new car before EFOY :)

Book in for an apt to see how much you can save