Jennings Mortgages

25/12/2023

Merry Christmas to you and your family from the team at Jennings Mortgages. See you all back on the 8th January! 🎄

17/08/2023

Did you know?

Westpac is expanding an initiative which aims to put home ownership within reach for key healthcare workers, after early results showed a strong take-up among women.

The bank will extend its Lenders Mortgage Insurance waiver to registered nurses and midwives – professions where women form a large majority of the workforce.

Under the program they will be able to access a loan-to-value ratio of up to 90 per cent without the additional cost of LMI. On a typical $700,000 property, that can mean a saving of over $20,000 on the cost of purchase. Applicants must have a gross salary of $90,000 or higher
per annum to be eligible.

Contact our office today to find out if you are eligible for this niche product or if you just want more information for friends and family.

10/08/2023

The property market still on the rise!

Australian home values increased 2.9% in the three months to July, the highest quarterly movement since January, but monthly growth eased from 1.1% in June to 0.7%.

This was according to CoreLogic’s latest Monthly Chart Pack, which also estimated the combined value of real estate in Australia to be at $9.9 trillion at the end of July.

“The combined capital cities dwelling market value rose 0.8% in July, easing from a 1.2% lift in June. “Monthly increases across the combined capitals surpassed a 0.2% lift in the combined regional market over the month.

https://www.brokernews.com.au/resources/tools/company/corelogic/238326/?utm_campaign=property-market-still-on-the-rise&utm_content=core-logic%E2%80%99s&utm_medium=email&utm_source=activepipe

Contact our office to find out how much your property is worth in the market today.

31/07/2023

Single Parent?

The Family Home Guarantee is an Australian Government scheme that helps single parents or legal guardians buy a family home.

You can use the Family Home Guarantee to build a new home or buy an existing home with a deposit of as little as 2%. Both first home buyers and previous home owners can apply.

You can’t use the Family Home Guarantee to buy an investment property.

To be eligible you must:

✔️ be an Australian citizen or Permanent Resident, aged 18 years or over

✔️ be a single parent or legal guardian with at least one dependent living with you

✔️ have earned $125,000 or less last financial year

Contact our office today to find out more information and determine if you are eligible for the Family Home Guarantee Scheme.

17/07/2023

Self Managed super funds (SMSF) are a type of superannuation fund that allows users to have more control, flexibility and choice over their investments. A SMSF can be used to acquire business assets or create additional income.

There is still considerable confusion around how this works and if indeed it’s worth the complexity.

With access to a variety of lenders on our panel we can find a product that is tailored to your SMSF allowing you to borrow money to purchase an investment property.

Contact our office today to find out how you can build more wealth using your SMSF and what limitations you may face along the way.

06/07/2023

Looking for a Personal Loan?

Whether it’s money for a renovation or holiday or paying unexpected bills we can find a personal loan that is tailored to you. With access to a variety of lenders with competitive rates and products speak with us today to find a solution for you!

04/07/2023

The Reserve Bank of Australia (RBA) kept the cash rate at 4.10% at its July monetary policy meeting.

The decision was largely expected by market commentators, as it comes shortly after the Australian Bureau of Statistics released data showing annual inflation fell to 5.6% in May from 6.8% in April.

This suggests the central bank’s 12 previous cash rate increases are having the intended effect.

However, inflation still remains significantly higher than the RBA’s 2-3% target range so more cash rate rises may still be necessary to slow the economy further.

With so much uncertainty about interest rates, it can help to talk to an expert. Contact me if you'd like to discuss your situation and options.

02/05/2023

The Reserve Bank of Australia (RBA) has increased the cash rate at May’s Monetary policy meeting, taking it from 3.60% 3.85%

The move comes despite the Australian Bureau of Statistics quarterly consumer price index showing annual inflation slowed to 7.0% in the first three months of 2023 from 7.8% in the December quarter.

However, this is still well above the RBA’s 2-3% target, so the central bank believes more cash rate rises are necessary to slow the economy further.

Contact our office today if you’d like to discuss how the RBA’s decision impacts your situation.

01/05/2023

Looking for some extra cash?

You can use the equity in your property to obtain cashout for renovations, a new car or even that dream holiday!

Contact our office to find out how much equity you have in your property today!

10/04/2023

Happy Easter! Hope you’re surrounded by loved ones with a belly full of chocolate! Our team will return to office tomorrow to assist you with your Financial needs. Have an egg-cellent day! 🐰 🐣

07/07/2022

This is an excellent opportunity for an ambitious individual looking to build and develop their career in the mortgage industry.

If this sounds like you, or someone you know, then we would love to hear from you.

Jennings Mortgages is a boutique mortgage brokerage located in the heart of the Sydney CBD right on the edge of the Barangaroo dining and entertainment district. Our firm has a great family culture, an extensive client and referrer network and has been growing strongly year on year.

18/06/2021

My latest review on RateMyAgent:

"Mitch has already provided a great professional service with loads of industry experience. He keeps things simple but expands in areas that need explanation.
I'm really happy to be using Mitch for my mortgage needs. "

New Purchase review in Dulwich Hill: Mitch has already provided a great professional service with loads of industry e...