Atif Paracha - Finance Broker - First Path Financial Group

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Atif Paracha - Finance Broker - First Path Financial Group

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Over 10 Years expertise in Mortgages for residential & commercial finance.

19/02/2025

RBA Rate Cut: When Will Your Bank Pass It On?📉

The RBA has made its move, but now it's up to the banks to decide when mortgage rates will drop. Some lenders have already confirmed they’ll pass on the full 0.25% cut, but the timing varies.

🔹 Effective from 28 Feb: NAB, CBA, Bankwest, Macquarie, ANZ
🔹 Effective from 4 March: Westpac, Bank of Melbourne, St. George, ING

Each bank has different processes for adjusting repayments. reach out to us for assistance! 0401559247

17/04/2024

🚀Looking to get ahead on your repayments?
Why not switch to 📆 fortnightly payments instead of monthly? By dividing your monthly amount in half and paying it every two weeks, you'll effectively squeeze in an extra month's worth of payments each year (since there are 26 fortnights in a year). This strategy can be especially beneficial when interest rates are high, as it allows you to chip away at your balance quicker, 💰saving you more in interest over time.
Need to refinance Give me a call on 0401559247

10/03/2024

🏡💡 Wondering whether to stick with Interest Only (IO) payments on your investment property or switch to Principal & Interest (P&I)? Let's break it down!

🎯 Goals: Consider your long-term financial objectives. If your aim is to pay off your property sooner and reduce overall interest costs, P&I might be the way to go. However, if maximizing cash flow is your priority, sticking with IO payments could offer more flexibility.

🧘‍♂️ Peace of Mind and Mindset- P&I payments provide the security of steadily reducing your debt over time, offering peace of mind and a clear path towards property ownership. On the other hand, IO payments can free up cash flow for other investments or expenses, but it requires disciplined financial management to ensure you're prepared for any future changes in interest rates or property values.

➡️ Switching Timing: Assess the current market conditions and your own financial situation. Switching to P&I might make sense when interest rates are low or when you're in a more stable financial position. However, if you're experiencing temporary cash flow constraints or foresee better investment opportunities elsewhere, sticking with IO for now could be beneficial.

💰 Benefits of IO Payments: IO payments can provide short-term benefits by lowering your monthly expenses, allowing you to invest the saved funds elsewhere for potentially higher returns. Additionally, IO payments can be advantageous for investors who prioritize maximizing cash flow or are using the property for tax benefits.

Ultimately, the decision to switch from IO to P&I payments depends on your individual goals, financial situation, and market conditions. It's essential to weigh the pros and cons carefully and consult with a financial advisor to ensure your decision aligns with your long-term wealth-building strategy.
Give me a call on 0401 559 247 and let's discuss whats best for you
The information provided is General advice FirstPath Financial Group

26/02/2024

🏡 Attention First-Time Home Buyers!🏡
Are you dreaming of owning your very own home? 🏠 The good news is that there are plenty of options available to help you achieve this exciting milestone. 🎉
Here's a sneak peek at what's in store for you:
1. Government Grants and Schemes: From the Home Guarantee Scheme to the First Home Super Saver Scheme, there are exclusive opportunities waiting for you in 2024. Let's explore them together! 🌟³
2. Financing Your Dream Home: Wondering how much you can borrow? Let's crunch the numbers and find out. 💰
3. Finding the Perfect Home: The hunt for that "just right" property is both thrilling and challenging. But fear not! I'll guide you through the research process. 🗺️
4. Making an Offer: When you're ready to take the plunge, we'll dive into the serious stuff— hellping you making an offer on your dream home. 📜
5. Settlement Day: Once you've secured the property, the next step is settlement. Don't worry; I'll be with you every step of the way. 🤝
Remember, you don't have to navigate this journey alone. 🌈 Give me a call on 0401 559 247, and let's discuss what works best for you. Your dream home awaits! 🌟📞

31/01/2024

"🏡💰 Dreaming of building passive income? Consider property investing for passive income! 🏡💰 Starting early is key, and having a knowledgeable broker by your side, especially one focused on property, can make all the difference. With careful planning and consistent effort, building a portfolio of income-generating properties is not only realistic but achievable. Don't just dream it, make it happen! 💼
Give me a call on 0401 559 247 to discuss

30/11/2023

🏡 🎉 As your trusted mortgage broker, we're more than just about rates – we're your homebuying partners! 🤝 Our mission is to guide you through the entire process with support, education, and confidence. 🚀 Making homeownership a breeze, one step at a time. Choose us for a stress-free journey!
Call Atif on 0401559247 to discuss your plans
🌟 🏠💙

31/08/2023

"🏠 Struggling with high mortgage interest rates? Here are some easy tips to navigate the crunch:

1. Refinance: Explore lower rates to reduce monthly payments.
2. Budget Smart: Cut unnecessary expenses to free up funds.
3. Extra Payments: Pay more towards principal when possible.
4. Shop Around: Compare lenders for better terms. (I can help you)
5. Seek Guidance: Talk to us and we can suggest some options.

Call me on 0401 559 247 and let's find a way
💰🌟"

28/08/2023

🏡 Want to invest in real estate? 🤔 Let's talk about using equity to buy property!

🔑 What's equity? It's the difference between your home's value and the amount you owe on your mortgage.

💰 Here's how to use it for an investment property:
1. Build up equity in your current home by paying off your mortgage.
2. Get a home appraisal to know its current value.
3. Subtract what you owe from the appraised value - that's your equity!
4. You can borrow against this equity for a down payment on an investment property.

📊 Example: If your home is worth $300k and you owe $150k, you have $150k in equity. You could use some of that to buy an investment property.

Remember, using equity can be a smart way to start investing, but it's important to understand the risks and benefits. Give me a call on 0401 559 247 to help make the best decision for you! 📈📣

14/08/2023

🏡 Ready to conquer the property game? 💰 Make sure you're ahead of the curve with your finances and take advantage of low deposit home loans! Here are 3 tips to help you secure your dream home sooner:

1. **Explore Low Deposit Options**: With the current market trends, low deposit home loans are more accessible than ever. Research lenders offering these options, as they typically require a smaller upfront payment, making homeownership achievable, even if you don't have a substantial deposit saved up.

2. **Boost Your Credit Score**: A healthy credit score is essential when applying for any loan. To enhance your chances of approval and secure a better interest rate, focus on paying bills on time, reducing outstanding debts, and keeping credit card balances low. A strong credit score will put you in a better position to qualify for those enticing low deposit loans.

3. **Financial Planning Matters**: Before you dive into the property market, assess your financial situation. Create a budget that not only accounts for the mortgage but also considers other expenses like utilities, maintenance, and taxes. This will help you determine how much you can comfortably afford and ensure a smooth homeownership journey.

As a seasoned mortgage broker, I'm here to guide you through the process of obtaining a low deposit home loan. Let's work together to make your homeownership dreams a reality. Contact me today on 0401 559 247 for expert advice and personalized solutions! 🏠🔑

06/08/2023

🏠 Are you still dreaming of owning a home of your own? Don't let the challenge overwhelm you. At FirstPath Financial Group, we're here to guide you through the entire process - from understanding how it all works to finding the ideal home loan tailored to your needs. Take the first step towards turning your dream into reality!

Call Atif on 0401 559 247 now. 🏡💫😃

Address

Suite 108, Level 1, 21 Elgar Road

3026

Opening Hours

Monday	09:00 - 17:30
Tuesday	09:00 - 17:30
Wednesday	09:00 - 17:30
Thursday	09:00 - 17:30
Friday	09:00 - 17:30

Telephone

+61401559247

Website

https://www.firstpathfg.com.au/

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