Simple Easy Finance

Meet Sam—We Helped Him Overcome Funding Challenges and Unlock an Extra $200K for His Next Investment Property

Just like many property investors, Sam faced a major hurdle—his lender only offered $300K when he needed $500K for his next investment.

Here’s How We Helped Sam Unlock More Borrowing Power:

After a thorough review with our expert team, we restructured his loans to secure a better rate and cashback, boosting his deposit and borrowing capacity. Then, we found a lender who provided the full $500K at a great rate.

How Did We Do This?

With our extensive knowledge of the lending market, we identified which lenders’ policies were most favourable for Sam’s situation. Different lenders assess income and expenses differently, and these variations can unlock significant borrowing capacity—just like they did for Sam.

A Year Later, Sam’s Success Continued:

Sam’s investment property appreciated by $90K, and his income and rental returns improved as well. Staying true to our commitment to treat every portfolio as if it were our own, we helped him achieve his property investment goals and secured him the best deal across his property portfolio.

Want to Unlock More Borrowing Power for Your Next Investment?

Follow Sam’s lead—book an obligation-free call with our expert team today!
https://www.simpleeasyfinance.com.au/contactnow

📈 Inflation has surged to 4% in May, marking three consecutive months of increases. Key sectors driving this rise include Housing (+5.2%), Food and non-alcoholic beverages (+3.3%), Transport (+4.9%), and Alcohol and to***co (+6.7%).

📊 Data from the Australian Bureau of Statistics shows a steady increase in the annual inflation rate: from 3.4% in February to 3.5% in March, 3.6% in April, and now 4% in May.

⚠️ This upward trend raises concerns as the Reserve Bank is unlikely to lower the cash rate until inflation falls within its target range of 2-3%.

🏠 With many Australians anticipating a rate cut this year, it seems we might face higher interest rates for longer.

Have a chat with us today to explore your options; there may be better offers on the market.

Whether you're refinancing or buying a new home, our team has got you covered.
Reach out today for a fast and reliable service! 🏠

Australia's property markets are buzzing with activity! 🌟

According to a recent analysis by CoreLogic, a whopping 88.4% of house and unit markets across the country saw median price increases over the past year up to February 2024. That's a significant surge compared to previous years, with only 52.9% experiencing growth in July 2023 and 39.1% in February 2023.

What's driving this remarkable trend? 📊 CoreLogic economist Kaytlin Ezzy points to the persistent housing supply-demand gap. Despite challenges like rising interest rates and affordability concerns, the demand for housing remains robust, fuelled by strong net migration and an enduring undersupply in housing stock.

Curious about how properties are performing in your area? 🏙️🌳 Check out the performance of houses and units across capital cities and regional areas.

🌟 Wow! Thank you so much for your kind words and glowing review! 🏡 Your recommendation means the world to us! 🙌 We're here to help make your home-buying journey as smooth and stress-free as possible. Thank you for choosing us!

🏡📈 Exciting news as we dive into the 2024 season! Despite some areas still catching up, the latest data reveals that dwelling values nationwide are steadily climbing! 💼🌟 Over the past three months, national home values rose by 1.0%, marking a modest but consistent growth since March 2023. And the annual growth? A whopping 8.7% surge compared to last year, hitting the highest peak since June 2022! 🚀💰 While capital cities saw a 1.0% uptick, regional areas are sprinting ahead with a 1.2% increase, showcasing their resilience. 🏙️🌄 Noteworthy mention: Perth continues to lead the pack with a remarkable 4.9% growth, while Melbourne and Hobart experienced a slight decline. Stay tuned as we navigate through these dynamic market shifts!

🏠💼

We are thrilled and honoured to be recognised among Australia's top brokers in the prestigious MPA Top 100 list. This achievement wouldn't have been possible without the unwavering support of our incredible team and clients .

A heartfelt THANK YOU to each and every one of you for your trust and support.

🎉🇦🇺

On the back of recent concerning data around inflation, the Reserve Bank of Australia (RBA) increased the cash rate from 4.10% to 4.35%.

The decision was in line with market expectations, given the RBA recently said it would “not hesitate to raise the cash rate further if there is a material upward revision to the outlook for inflation”.

With the interest rate picture looking uncertain, it can help to talk to an expert. Contact us if you'd like to discuss your situation and options.

Keeping it simple and stress-free is what we do best when it comes to home loans. Thanks, Mitchell, for the fantastic review!😊

Are you a medical professional? You can purchase a home with just a 10% deposit.

Unlock a Special Offer:
🔑 Borrow up to 90% of your home's value.
💰 Pay $0 LMI (Lender's Mortgage Insurance)
📉 Enjoy special rates exclusive to medical professionals
💲 Save up to $30,000 in LMI cost on your mortgage!
🏠 Available for purchases (Home and Investment), refinances, and top-ups.

Your hard work and care deserves the best deal. Contact us to see if you quality.

For more information visit
https://www.simpleeasyfinance.com.au/medicalprofessionals

Do you have solar panels on your property? Get our special solar home loan at 5.74% p.a. to save more. This rate applies to both interest-only and principal-and-interest loans for both home and investment properties. Contact us today to see if you qualify!

This offer is also available if you are getting solar panels installed.

Go to www.simpleeasyfinance.com.au/offers for more details

The Reserve Bank of Australia (RBA) announced the cash rate will remain unchanged at 4.10% after its monetary policy meeting today.

This marks the third consecutive meeting at which the cash rate has been held.

The decision was in line with expectations, as it comes shortly after the Australian Bureau of Statistics released data showing annual inflation slowed to 4.9% in July from 5.4% in June.

While this suggests higher interest rates are having the desired impact on inflation, RBA governor Philip Lowe, once again, reiterated the central bank’s commitment to return inflation to its target range of between 2-3%.

As such, he did not rule out more interest rate rises in the coming months.

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

Thanks for your kind words Cveta, your feedback means a lot to us.😊

Major banks may be winding down their cashback offers by mid this year! Leading the way is CommBank who recently announced new customers refinancing their home loan will no longer receive cashback offer by 1 June 2023.

If you are in the market to refinance get in quick!

We currently have a lender offering $5000 Cash back with a low variable rate of 5.14% p.a. Loan over $700K, LVR under 70%. This limited time offer! Cashback also available for other loan amounts.

Visit www.simpleeasyfinance.com.au/offers and fill out a 30-second questionnaire. Our mortgage consultant will get in touch with you to discuss your options. There's no obligations.

Refinancing is when you take on a new home loan and use it to pay off your existing loan. There’s many reasons why people consider refinancing. One of the key reasons is to take advantage of better interest rates. With the RBA increasing rates significantly this year, many homeowners can save thousands of dollars in interest repayments when they refinance to a lower rate. Here are some key reasons to consider refinancing your home loan:

1). Get a more competitive interest rate. A lower interest rate can save you thousands of dollars each year.

2). Help you consolidate debts such as credit cards, car loans, personal loans into one monthly repayment usually at a lower interest rate than you are paying.

3). Reduce your monthly repayments

4). Unlocking equity for other projects. This includes buying an investment property, funds to renovate your existing home, keep more cash in the bank, go on holidays etc.

5). If you are coming off a fixed loan product, it’s best you look at refinancing to ensure you remain at a competitive rate.

6). Changing your loan structure to suit your needs. You may want to consider fixing your home loan if you believe interest rates will continue to rise or opt to fix part of your loan and keep the other part variable. Your mortgage broker can work out the different scenarios to help you make the right decision.

If you are considering refinancing, give us a call and our professional mortgage brokers will help access your situation and help you determine if refinancing is the right option for you.🙂

Thank you so much for you kind words Ritwik. Congrats again on your new home.

Are you feeling the pinch of another home loan rate increase? Refinancing may be a good option to consider to lower your home loan rate.

Refinancing does come at a cost, so it’s important to weigh up the savings you get from refinancing against the cost of refinancing. On average the cost to refinance ranges from $600-$800, depending on your existing and new lender. From time to time, lenders will run special promotions like cashback which will offset the fees associated with refinancing. Your mortgage broker will know the best deals in the market and help you negotiate harder with the lender.

Here are some fees associated with refinancing.

1. Discharge fee: An administration fee paid to your current lender to prepare the paperwork to pay out your existing loan.

2. Application fee: Charged to set up your loan application with the new lender.

3. Valuation fee: Your new lender may charge a fee to have your property valued by a professional property valuer.

4. Break cost: this applies when you refinance within a fixed period of your home loan. For example, if you are on a 3 year fixed interest product and decide to refinance after the second year, your existing lender will charge you a break cost. To find out your break cost you will need to contact your existing lender for the payout figure.

5. Lender Mortgage Insurance (LMI): One off fee only applicable if you have less than 20% equity in your property. The new lender will charge you LMI to protect them against mortgage default.

Some of these fees can be negotiated by your mortgage broker. They have great relationships with lenders and may be able ask lenders to waive some of these fees or request special rebates to offset these fees.

If you are keen to understand if refinancing is the best option for you, give us a call today.

Proud moment for our business! We've been recognised as one of MPA Australia’s Top 100 Brokers 2022. Thanks to our hardworking team and loyal clients for making this happen. Let's keep up the great work and exceed expectations. 💪🏆

https://www.mpamag.com/au/best-in-mortgage/top-100-brokers-2022/429801

Applying for a home loan can seem like a daunting process. At Simple Easy Finance Pty Ltd, we understand that each client has different needs and goals, and we tailor your options to match those needs. We work with a network of lenders to provide the most competitive rates and make the process as stress-free as possible.

For refinancing it generally takes 4-6 weeks.

Our friendly team will complete the home loan application and fast-track the process with the banks. If you have any questions during the process, we are always on hand to help.

Thank you so much for you kind words Umair. We’re thrilled to hear you had a positive experience with us.