Pretzel Finance

12/02/2024

🏡 Getting close to financial hardship? Here are four options 🏡⁣
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There's no denying that many families around the country are doing it tough right now. Inflation is high, and we've just experienced 13 cash rate hikes in less than two years. ⁣
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So what happens if you approach your lender for temporary home loan relief? 🙃⁣
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Well, you could be offered up to four options, according to the Australian Banking Association's 'Don’t tough it out on your own' campaign, including:⁣
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1. An extension of your home loan term to reduce each monthly repayment⁣
2. Temporarily lowering your home loan or credit card loan payments ⁣
3. Letting you defer repayments for a while, or⁣
4. Shifting from principal + interest to interest-only payments for a time.⁣
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So which is the right choice? 🤔⁣
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Well, there’s no one-size-fits-all answer.⁣
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But if you want to discuss which strategy might work for you, give us a call. ⁣
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The sooner we chat, the sooner you can get the ball rolling on seeking repayment relief. 👇⁣
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To find out more, DM us or contact Pretzel Finance on:

📱 1300 710 387
📸 IG .finance
💻 https://www.pretzelfinance.com.au/contact/

07/02/2024

Happy days! The RBA kept rates steady in February. But a shake-up in the number of times our central bank meets each year is raising questions about how long the rate pause will last. Here’s what we could expect. 👇⁣

Happy days! The Reserve Bank kept rates steady in February. But a shake-up in the number of times our central bank meets each year is raising questions about how long the rate pause will last. Here’s what we could expect. It seems fitting that in a month known for Valentine’s Day, the Reserve Ba...

07/02/2024

🏡 If you're sick of rate hikes, should you fix your home loan? 🏡⁣
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Fed up with being at the mercy of variable interest rates? 🙃⁣
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You may be thinking of locking in your home loan rate.⁣
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Fixing means no more worries about rising interest rates - for your fixed-term period at least. ⁣
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That may be a big plus for helping you calculate your household budget. ⚖⁣
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The catch is that you won’t benefit if interest rates fall. 📉⁣
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One possible solution, however, is to split your loan across both variable and fixed rates - which can give you some of the benefits of both options.⁣
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If you'd like to know more about the pros and cons of each approach, get in touch today. 👇⁣
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To find out more, DM us or contact Pretzel Finance on:

📱 1300 710 387
📸 IG .finance
💻 https://www.pretzelfinance.com.au/contact/

05/02/2024

🏡 The one home feature that home buyers refuse to budge on 🏡⁣
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Buying a home can involve plenty of compromises. 😅⁣
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But only to a point...⁣
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New research by Compare the Market reveals that the big non-negotiable for the majority of home buyers is the number of bedrooms. 😤⁣
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Meanwhile, pools, architectural style, views and proximity to bars and restaurants top the ‘meh’ list. ⁣
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One thing you shouldn't budge on though is getting a home loan that's right for you and your dream home. 😉⁣
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And for help in that department, you can give us a call today. 👇⁣
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To find out more, DM us or contact Pretzel Finance on:

📱 1300 710 387
📸 IG .finance
💻 https://www.pretzelfinance.com.au/contact/

31/01/2024

Applying for a mortgage when you’re self-employed may have you jumping through more hoops. But it needn’t deter you from getting into the property market. Here are 4 tips to help you apply for a mortgage like a boss. 💪⁣ ⁣

Applying for a mortgage when you’re self-employed may have you jumping through more hoops. But it needn’t deter you from getting into the property market. Here are 4 tips to help you apply for a mortgage like a boss. Being your own boss sure has its advantages: the flexibility of setting your ow...

31/01/2024

💪 There's now more options for low deposit first home buyers 💪⁣
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Good news for first home buyers with a deposit of less than 20% 🙌⁣
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Three more lenders have signed up to the 5% deposit Home Guarantee Scheme (HGS), including St.George, Bank of Melbourne and BankSA.⁣
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If you’re not familiar with the HGS, it gives first home buyers an opportunity to buy a place of their own with as little as a 5% deposit (and no lenders mortgage insurance) through the First Home Guarantee or Regional First Home Buyer Guarantee.⁣
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Solo parents and guardians with just a 2% deposit can also apply for the scheme through the Family Home Guarantee.⁣
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But how do you know which loan and lender might be right for you? Or if you're even eligible for the scheme?⁣
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Easy. Give us a call today and we'll run you through your potential options. 👇⁣
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To find out more, DM us or contact Pretzel Finance on:

📱 1300 710 387
📸 IG .finance
💻 https://www.pretzelfinance.com.au/contact/

29/01/2024

💡 Want to potentially add value to your home? Green it up 💡⁣
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New CommBank research shows 7 in 10 Aussies say energy efficiency can potentially boost a home’s value. 📈⁣
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And as power bills continue to climb, well, they might just be onto something. 😅⁣
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There's now also a range of choices available when it comes to ‘green’ loan options, which can offer discounted rates on loans (usually between $5,000 and $30,000) for eco-friendly improvements, possibly including:⁣
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✅ Solar panels, hot water systems, pool heaters or battery systems⁣
✅ Double glazing for windows or external awnings⁣
✅ Water tanks⁣
✅ Insulation⁣
✅ Grey water treatment system⁣
✅ Energy-efficient appliances, lighting, white goods and air conditioners.⁣
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If you'd like to explore your green loan options to potentially fund something above, get in touch with us today. 👇⁣
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To find out more, DM us or contact Pretzel Finance on:

📱 1300 710 387
📸 IG .finance
💻 https://www.pretzelfinance.com.au/contact/

24/01/2024

Hats off to Australia’s first home buyers! The latest lending data shows they’re refusing to let last year’s rate hikes and rising property values dampen their goal of buying a home. Here are five tips to help you buy your first home in 2024. 👇⁣

Hats off to Australia’s first home buyers! The latest lending data shows they’re refusing to let last year’s rate hikes and rising property values dampen their goal of buying a home. Here are five tips to help you buy your first home in 2024. You’ve gotta hand it to first home buyers in the ...

22/01/2024

😮 Can you really save on your mortgage by paying fortnightly? 😮

Here's an idea that could help you get ahead on your variable-rate home loan... 💡

Halve your monthly repayment, and then pay that amount into your home loan each fortnight.

Before you know it you'll be ahead on your repayments. 🤓

That's because there are 26 fortnights in a year, so you’ll make the equivalent of 13 monthly repayments instead of 12.

So just how much could you potentially save by using this tactic?

Well, Canstar crunched the numbers and found you could save over $200,000 in interest on a $600,000 loan (at a 6.88% interest rate) over 30 years.

Call us today to find out how much you could potentially save by making fortnightly payments. 👇

To find out more, DM us or contact Pretzel Finance on:

📱 1300 710 387
📸 IG .finance
💻 https://www.pretzelfinance.com.au/contact/

17/01/2024

It’s commonly known that the bigger your deposit, the smaller your home loan, and thus, the lower your monthly repayments. But today we’ll look into another way your deposit size could reduce your repayments: by potentially reducing your interest rate. 🏡

It’s commonly known that the bigger your deposit, the smaller your home loan, and thus, the lower your monthly repayments. But today we’ll look into another way your deposit size could reduce your repayments: by potentially reducing your interest rate. A question we’re commonly asked (believe ...