Bloom Lending Services

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Bloom Lending Services

Bloom Lending Services specialise in a variety of finance services aimed at helping to secure residential, commercial and asset finance solutions.

02/09/2023

Happy Father’s Day to all the Dads and father figures. Thank you for the endless hugs, support, laughs, unconditional love, and all that you do for us. Here’s to a relaxing day ahead – however you choose to spend it.

31/08/2023

Ready to buy your dream car? Or perhaps just a workhorse for your business?

Our expert brokers can help you make it happen. Here's what you need to know:
– Access competitive interest rates and flexible repayment terms
– Leave the hard work to us as we scour the market for a loan that suits your needs
– Get ready for a fuss free application process.

Get in touch with us today to learn more about our car loan options.

28/08/2023

Rentvesting is where you buy a property but live elsewhere (in a rental).

It's not a bad way to get into the market, because it means you get to lock in today’s prices without being locked into living in the same place 'forever'.⠀

Who's considering buying an investment property before their first home?⠀

24/08/2023

When a lender assesses your home loan application, one of the elements they consider is 'character'.

What this translates to is the lender paying attention to how you manage your money and whether you have stability in your life.

They're looking at whether you overdraw your accounts, take cash advances from your credit cards, or get charged late payments. They'll even pay attention to how often you move house or change jobs.

There are a lot of data points that feed into whether you'll be approved for a home loan, and a lot of these are in your direct control.

So, if you are looking to apply for a home loan in the near future, make sure you're using your bank accounts in a way that screams 'I'm in control of my money!'

21/08/2023

Got dreams?

Get in touch to start today.

19/08/2023

📣The government's Home Guarantee Scheme is now open to more people than ever.

Here's a rundown of the recent changes (in effect from July 1 2023):
For the first time ever, you don't need to be an Australian citizen – permanent residents are now also eligible to apply.

First Home Guarantee and Regional First Home Guarantee:
To recap, this is where the government acts as guarantor on up to 15% of a loan so you can potentially buy a home with as little as a 5% deposit without paying lenders mortgage insurance.

What's changed?
👯Family and friends will now be able to apply together
🗓️ Open to people who haven't owned property in 10+ years

Family Home Guarantee:
The government acts as guarantor on up to 18% of a loan so you can potentially buy a home with as little as a 2% deposit without paying lenders mortgage insurance.

What's changed?
👵 Legal guardians (like aunts, uncles and grandparents) can now also apply

Places are limited. Get in touch to find out how to make the most of these initiatives!

17/08/2023

At the risk of blowing our own trumpet, one of the best things about the mortgage broker profession is that we help level the playing field so that smaller lenders can compete with the big boys.⠀
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And competition breeds innovation.⠀
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We're hearing about loans being approved in a matter of hours. And while speed isn't everything, this kind of innovative, customer-friendly use of tech can only be a good thing for people wanting to move their way up the property ladder.⠀
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We can't wait to see what the rest of 2023 has in store for the world of finance.

14/08/2023

Your credit score gives you insight into how lenders might view your credit worthiness.

That is, are you someone who pays their bills on time?

How likely are you to pay them back?

Get in touch if you'd like help accessing your credit report.

11/08/2023

If you’ve had your loan for more than 12 months, or your financial situation has changed, it may be worth considering refinancing.

Your decision will ultimately depend on your personal situation, but common reasons for refinancing include:
- Securing a lower interest rate
- Accessing features such as an offset account or redraw facilities
- Unlocking equity in your home to renovate, invest or travel
- Consolidating your debts to make repayments more manageable

Wondering whether refinancing is right for you? Get in touch to find out.

09/08/2023

Did you know 'mortgage' is actually an old French word that translates to 'death pledge'.

The good news is that taking out a home loan doesn't have to be a life sentence.

If you're in a position to make additional repayments, you could shave years off your loan and be debt-free sooner. Get in touch with us to review your loan.

Whether we renegotiate your interest rate with your lender, or find you a better option elsewhere - you could save significantly.

08/08/2023

In news that we all hoped for, the RBA have not increased the cash rate this month, leaving it at 4.1%.

This is the still the highest it's been in 11 years, and June's increase was the 12th rate hike in 13 months.

A lot of people with a mortgage are really feeling the squeeze right now.

We want you to know that we're here to help. Whether it's about repricing with your current lender or switching to a more competitive offer elsewhere, you may have options.

Get in touch for a no strings conversation.

04/08/2023

Budgeting sounds very restrictive, and if you've never done a budget before, perhaps you're putting it off because you expect it to be fun-sapping.

But trust us, a reasonable budget will factor in enough frivolous spending to keep life interesting!

We know that depriving yourself for too long isn't sustainable.

What do you think? Do you budget for fun things, too?

Address

Sydney, NSW

Telephone

+61419898898

Website

http://www.bloomlending.net.au/

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