Theo Kolos - Mortgage Broker

You know what to do: https://www.lendi.com.au/mortgage-broker/theo-kolos/

You may be supprised to know that having a pattern of moving and changing employers negatively impacts your credit score.

Why?

When lending money, lenders want to see stability & consistency. While everyone's story is different, applying for a mortgage is typically a 30 year commitment for this reason lenders want to see character of consistency.

Saving up for a 20% deposit can be difficult, did you know there are some lenders who will accept as little as a 3% deposit to buy a property.
For a $600,000 purchase that's as little as $18,000.

Buying a property? Make sure you you've had your contract reviewed and understand what it means to alleviate any nasty surprises.

When buying a house contracts are negotiable so make sure to discuss with your conveyancer anything you'd like to request.

In the words of Kenneth Fisher, “Time in the market beats timing the market.”

⚠️ The government made changes to the Home Guarantee scheme from 1st July. These changes have made the dream home more accessible to many.

Few attractive changes are:
a) Applicants can be an Australian Permanent Resident.
b) Applicants no longer need to be a de facto couple; they can be non-related parties
c) Applicants with prior property ownership but haven't owned a property within the last 10 years

Check the link for more details: https://loom.ly/SyHHxvg

👉 Speak to us today to start with your application process.

⚠️ Stamp duty axed for thousands of first home buyers from 1 July.

On Saturday 1 July, the threshold for stamp duty exemptions will increase from $650,000 to $800,000 and the threshold for stamp duty concessions will rise from $800,000 to $1 million.

This means that first home buyers purchasing a property for up to $800,000 will pay no stamp duty, saving up to $30,735 under the changes.

👉 Read more here: https://loom.ly/fAkJ-kU

⚠️Do you know how much you owe on your HECS-HELP debt?

While student HECS and HELP loans in Australia are interest-free, they are indexed every financial year based on a cost-of-living index. The recent outbreak of high inflation means millions of Australians with student loan debts are facing a 7.1% increase from 1 June, up from 3.9 per cent the previous year.

👉 Your HECS-HELP debt is an important piece of information that banks take into consideration when assessing your application for a home loan, so it’s important to understand yours.

👍 If you are a bit vague about all the details, it’s worth reading on to see how indexation will impact you: https://loom.ly/1X2V5Ws

👉 The Reserve Bank of Australia (RBA) is facing a major overhaul following an independent review. What does it mean for interest rates and for Australian mortgage holders?

⚠️ Let’s dive into all the questions in this article: https://loom.ly/sbafj7Q

👉 Many lenders offer a cash back or a cash rebate if one would transfer their existing loan to the lender. This is important and the larger the amount, the better it is.

👍 A cashback will support to
• Make up for any cost incurred during refinance.
• Helps to reduce the net interest paid.

👉 Contact us to know more.

Had a great breakfast this morning at Ka-fey cafe with Bx - Business Networking Reimagined

Is this the beginning of the end for home loan cashbacks?

⚠️ As of June 2023, three of the biggest banks in Australia will no longer offer cashbacks to customers who refinance their loan.

👉 The industry is yet unaware as to how many lenders will follow the pattern.
⚠️ If you are still on the fence about refinancing your home, it would be better to make a move sooner rather than later.

👉 Contact today to know more about cashback offers that you may be eligible for.

⚠️ Do you already have a home loan?

Checking the state of your current loan could uncover the opportunity to access equity or take out additional finance, which could be used to consolidate other debt you may have, fund renovations, or help you purchase an investment property.

👉 Think about the following before you speak to us:
• Have your financial circumstances changed since you took out the loan?
• Are you paying an unreasonably high interest rate or high fees?
• Are you happy with the service your lender provides?
• Does your loan have the features you need?
• Does your loan have features you don’t use that are costing you?

👍 Use our online calculator to understand how much you could save or spend on what matters most to you and find out if your loan is competitive and still meets your current needs.

Click the link to try the tool: https://loom.ly/Ryd1CTI

⚠️ Are you on a Fixed interest rate?

👉 An interest rate that’s locked in for a set timeframe, meaning your repayments will always be the same during the “fixed” period term. Is your fixed term expiring soon and if you’re concerned on your new repayments, check on the available options with us to ensure that you are still going to be on a competitive rate.

✅ Alternatively, use our online tool to get an indicative value to understand how much your repayments will be after your fixed term expires.

Click the link to try the tool: https://loom.ly/ME3YRdU

⚠️ Would you like to understand how much you can borrow to purchase a property?

👉 We believe in providing clients with the tools they need to make informed financial decisions. Use our online loan calculators to understand how much you can borrow to buy your dream home or investment property. The calculator gives a fair indication and an interesting option to understand where you stand.

Click the link to try the tool: https://loom.ly/3RI4t28

✅ If you're interested in learning more about your loan options, don't hesitate to contact us today.

💜💛 Wishing a happy Mother's Day to all the caring, loving and selfless mothers! May you be honoured and cherished as you deserve 💐

👉 With interest rates on the move, many people are shopping around for competitive home loans.

In January, the value of external refinancing for total housing fell 2.1% but remained close to record highs at $18.6 billion.

👍 If you’re considering refinancing, it’s a good idea to be aware of a few pitfalls when doing your research. Here are six mistakes to avoid: https://loom.ly/2Qd8vrw

👉 It is a no obligation service to get a broker to check if there are ways to improve your current financial situation and prepare for the future.

A lot has changed in the past year, especially when it comes to the economy. Interest rates and the cost of living are up, as inflation remains stubbornly high.

✅ How long has it been since you looked at the terms of your mortgage? If your circumstances have changed and you suspect your home loan is in bad shape, don’t worry, we’re here to help. Or if you haven’t had a loan review in the last two years, a home loan health check may be just what the doctor ordered.

We can do a complete home loan health check for you either in person or over the phone. We’ll find out if your loan is still competitive and if it still meets your current needs.

👍 Having an expert do this for you can take the stress out of the process. We’ll do the research to determine if your loan is suited to your financial circumstances and goals. We can assist with negotiating new terms with your current lender and walk you through refinancing options with other lenders.

Click here to read more: https://loom.ly/wKmZ2nQ

2023 is going to be the ideal time to get yourself your dream on wheels…

👉 After three years of unprecedented disruptions and supply chain issues, the domestic car market is expected to shift into a state of relative stability.

👍 Buying a car will likely be easier this year as demand and pandemic-driven pressures ease. Question is, should you buy a new or used car, or make the switch to an electric vehicle?

👉 Click here to find out: https://loom.ly/tt5nGaA

👉 Speak to us today if you would like to talk about loan options for buying a car.

#2023

"They shall grow not old, as we that are left grow old;
Age shall not weary them, nor the years condemn.
At the going down of the sun and in the morning
We will remember them."

Thank you for your sacrifice, for what you gave up to provide a brighter future for generations to come.

The First home guarantee scheme is quickly coming to an end. If you're looking to get into the property market and don't have the luxury of a 20% deposit now is the time to act. ⏳

Get in contact to secure your place in this scheme allowing you to save over $25,000 of lenders mortgage insurance fees.💰

⚠️Lenders need to examine your bank statements for income and expense, your liability statements for terms of liability and payslips to examine income classification.

👉 Collecting and submitting all the relevant documents can seem like a gigantic task, but with a few shortcuts, we can make the process more interesting and less hectic.

Call us today, to discuss how! 👍

👉 Few lenders are offering a special deal for certain professions.

👉 On your next purchase, you need to organise only a 10% deposit. Also, if you are in a tight spot on an existing loan with low valuation, then we can organise to refinance to a lender with competitive rates at 90% borrowing with no LMI.

👉 Checkout the list on the image to see if your profession fits into this scheme and contact today to understand if this could work for you.

* Your full financial situation would need to be reviewed prior to acceptance of any offer or product.

Wishing you a blessed and holy Easter!
May your Easter basket be filled with joy, happiness, and peace this season and always. 🙂