Matthew Guy

💪 How does your home loan rate shape up? 💪⁣⁣
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Your home loan may have had a red hot rate back in the day. 🙌⁣⁣
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But is it still competitive? 🤔⁣⁣
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One in five borrowers haven’t compared rates since first taking out their loan (Mozo report).⁣⁣
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Keeping on top of your loan rate doesn't need to be difficult though. 🙃⁣⁣
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Talk to us about a home loan review. 🙌⁣⁣
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It lets you know if your loan is still getting a good rate – with all the features and flexibility you need. 👇⁣⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

⏳ How long does it really take to get a home loan? ⏳⁣⁣
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As soon as you pay a deposit on a home, the clock is ticking to line up a home loan. ⏰⁣⁣
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Finance (or cash 😅) is required by settlement, or you could cop costly fees and penalties. 😬⁣⁣
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As a rule, try and allow around 4-6 weeks to land a loan. ⁣⁣
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There’s plenty you can do however to help speed up the process:⁣⁣
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✅ Talk to us to know if your finances are home-loan ready⁣⁣
✅ Have the paperwork in place that lenders like to see⁣⁣
✅ Check you’ve completed the loan application accurately⁣⁣
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Ask us about loan pre-approval too. It can be a lot less stressful than applying for a loan after you’ve paid a deposit. 👇⁣⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🤨 Is FOMO, FOBO or FOOP clouding your judgement? 🤨⁣⁣
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Three common mind traps can get between you and your property goals. 🏡⁣⁣
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Fear of Missing Out (FOMO) is the most famous of the trio and can lead to overpaying (and thus, taking on too much debt), as buyers race into the market to buy before prices potentially rise higher. 📈⁣⁣
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Fear of Better Options (FOBO), on the other hand, can see buyers waiting on the sidelines for too long (or indefinitely!) for a better property to come along. ⏰⁣⁣
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Fear of Over Paying (FOOP) can also be a big mental block. But plenty of research can let you know if you’re paying a fair price. 👍⁣⁣
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If you've got doubts about what you can afford to buy, speak to us today and we'll help you assess your borrowing capacity. 👇⁣⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

A big part of our business comes from a happy client recommending us to their family and friends! So thanks for the recommendation and review, Nik! 😊

🏡⁣ Home owners now have an extra $71,000 in equity (on average) 🏡⁣⁣⁣
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CoreLogic's home value index has skyrocketed $71,832 since January 2023. 📈⁣⁣
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That could mean a 5-figure jump in your home equity! 🙌⁣⁣
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Want to make your home equity work harder for you? ⁣⁣
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Here are some potential ways you could leverage it:⁣⁣
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🏡 Refinance your home loan to save on interest⁣⁣
🏚 Tap into renovation funds to improve your home’s value⁣⁣
🏘 Buy an investment property without (possibly) dipping into cash savings⁣⁣
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Talk to us today about ways you could unlock your equity and pursue other opportunities. 👇⁣⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🏘 Millennials: Australia’s most active property investors 🏘⁣⁣
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New CommBank data shows Millennials (born 1981 - 1996) accounted for almost half (46%) the bank’s new property investors in 2023. 😮⁣⁣
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Almost 1-in-3 Millennials have purchased an investment property solo, without the help of a partner.⁣⁣
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Plenty are also doing it by ‘rentvesting’ – buying property where they can afford, then renting where they want to live. 🙌⁣⁣
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Ready to become a property investor? 🤔⁣⁣
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Talk to us to know how much you can borrow, and let's try and get you into the market sooner. 👇⁣⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🚗 Records are being smashed in the new car market 🚗⁣
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Over 105,000 new vehicles were sold in February 2024, an increase of 21% on 2023 (FCAI stats).⁣
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But deciding how to pay for your car can be just as important as the make/model you choose. 🤔⁣
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Dealer finance may seem quick and easy. 🤨⁣
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But applying for car finance before you hit the car yards can provide you with:⁣
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✅ More choice⁣
✅ The potential for more affordable finance⁣
✅ Turbo-charged negotiating power if your car loan is pre-approved.⁣
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Love your car. Love your car loan. 🚙⁣
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Call us today to help get you into a new set of wheels. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

📈 Offset accounts have hit new highs 📈⁣
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Somehow, it turns out not everyone is scratching for cash right now.⁣
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Many home owners have money stashed away in their home loan offset accounts. 😮⁣
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There’s a record $265 billion tucked into offset accounts around the country, according to APRA quarterly data.⁣
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And it’s seeing borrowers save around $1.4 billion in monthly interest charges (RateCity estimate).⁣
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Trouble is, offsets aren’t suitable for everyone. 🤔⁣
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They don't work with fixed-rate home loans (unless you split it half-half with variable), and they tend to work best if you have big savings.⁣
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Could it be right for you though? Call us today to find out. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🤔 Can you recall your home loan interest rate? 🤔⁣
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Apparently 42% of mortgage holders have no idea what interest rate they’re paying on their home loan (Mozo report). 😅⁣
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And it’s an oversight that can cost you dearly. 😬⁣
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As a guide, the average home loan interest rate for owner-occupiers is currently 6.4%, and 6.3% for new home loans (RBA data).⁣
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How does your loan compare? 🤨⁣
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Call us today to know what you’re currently paying, and whether you could save by switching. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🏠 What's the average home loan size where you live? 🏠⁣
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Here’s how the average new home loan shapes up in your neck of the woods (ABS data):⁣
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NSW – $770,000⁣
VIC – $614,000⁣
ACT – $581,000⁣
QLD – $559,000⁣
SA – $530,000⁣
WA – $530,000⁣
TAS – $434,000⁣aNT – $422,000⁣
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Remember, averages don’t paint the full picture. 🎨⁣
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What matters is that you have a loan you can manage.⁣
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Talk to us to know your borrowing power, and let us help you get a loan that suits your budget. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

📢 Have you heard of loud budgeting? 📢⁣
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Lending to first home buyers is up, and NAB research puts it down to many young Australians embracing ‘loud budgeting’. 📣⁣
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It’s all about boldly letting friends/family know you’re sticking to a budget to kick some serious savings goals. ⚽️⁣
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Chances are, they’re keen for you to save too. 🙌⁣
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So, instead of a pricey night out, you may decide to catch up over a low-cost night in - with the idea being that your closest family and friends understand why.⁣
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Talk to us for more strategies that can help you get into a place of your own sooner. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

⏳ Time is on your side when you're an investor ⏳⁣
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Keen to succeed on your investment property journey? 💪⁣
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All you may need is time.⁣
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CoreLogic’s latest Pain & Gain report shows properties re-sold in the final quarter of 2023 made a median profit of $310,000. 🙌⁣
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But the big money went to those who held for longer:⁣
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✅ Properties held for 20 years earned a $425,000 median profit⁣
✅ Those held for 30-plus years scored a median profit of $784,000.⁣
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Your loan can play a role too. And that's where we come in by helping match you up with a suitable investment property loan.👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

There's nothing more rewarding than getting a great outcome for our clients, and then receiving amazing feedback like this! 😊 Thanks for the review Melissa!

🪓 Want to chop your home loan rate? 🪓⁣
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RateCity recently found that 80% of people who’ve asked their lender for a rate cut, got one. 👍⁣⁣
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But it’s not that simple. You need to:⁣
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✅ ⁣Know your home loan rate⁣
✅ ⁣Know the rate your bank is offering new customers, and⁣
✅ Arm yourself with rates from other lenders, and be prepared to walk if your lender doesn't want to play ball.⁣
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Sound like too much hard work?⁣
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Well, one solution is to give us a call and we'll help guide you. 👇⁣⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🔨 Shrinkflation: the hot new renovation trend? 🔨⁣
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Aussies love a good renovation project! (any The Block fans around here?) 😅⁣
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But we don't all have dozens of sponsors to help us fund a reno for a multi-million dollar mansion. ⁣
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Instead, some homeowners are beating high costs by scaling back their plans. 🤨⁣
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Housing Industry Association research* shows affordability and value are becoming key considerations for renovators.⁣
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That’s seeing ‘shrinkflation’ kick in as homeowners opt for smaller but perfectly formed spaces - especially when it comes to costly improvements like bathroom upgrades. 🚽⁣
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What also matters is how you fund your home improvements. 👍⁣
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And that's where we come in. Call us today to discover what financing options you have available to you for your next reno project. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🤔 Is home ownership the key to happiness? 🤔⁣
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Your home isn’t just a roof over your head. It’s also a source of joy! 😁⁣
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A recent survey by Great Southern Bank shows that owning a home has the power to bring extra happiness to our lives.⁣
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It’s like comfort food for your financial well-being. 😅⁣
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Want to boost the feel-good factor?⁣
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Let us help line you up with a home loan that’s right for your needs. 🙌⁣
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Right home. Right loan. Great combo. ✅⁣
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Talk to us to find your ideal mortgage match, and unleash your inner joy. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🙌 Mortgage brokers have done it again! 🙌⁣
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We’ve just notched up another industry win, setting a new record for market share. 😮⁣
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72% of Aussies now turn to a mortgage broker for help landing a home loan (MFAA stats).⁣
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Makes sense (to us at least!). Because as your broker, our job is to help you:⁣
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✅ Potentially save with a competitive rate⁣
✅ Enjoy better loan features⁣
✅ Buy your home or investment property with confidence knowing a broker is on your side.⁣
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So if you're looking for a home loan specialist, call us today and we'll help you find a loan that suits your needs. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

📢 Breaking: mortgage brokers help home buyers master LMI 📢⁣
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Lenders mortgage insurance (LMI) can be a source of confusion for home buyers. 🙃⁣
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But new research from MFAA and Helia shows mortgage brokers are helping Aussies get a better grasp of LMI – how it works, and how it can help buyers achieve their property goals. ✅⁣
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Put yourself in the know. 🤓⁣
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Talk to us for a clear explanation of what LMI is, when it applies, and how you can be an LMI boss to potentially get into your own place sooner. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🤔 Are borrowers becoming complacent about high interest rates? 🤔⁣
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Lending data from the ABS shows refinancing was down 12% in late 2023 compared to the year before. 📉⁣
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So are we learning to live with high rates or are there still savings to be made by switching? ⚖⁣
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Well, perhaps it's not time for complacency just yet. 😅⁣
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We're still seeing big variations in home loan rates. 🙌⁣
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Switching to a lower rate loan could put money back in your hands.⁣
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So don’t be left wondering – try and find out if you could do better. 👍 ⁣
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Talk to us today about a home loan review, we’ll let you know how your mortgage shapes up against the market. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🏡 Choice ramps up for prospective house hunters 🏡⁣
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The number of homes coming onto the market is increasing, with new listings on realestate.com.au up 12% nationally in January. 📈 ⁣
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It’s potentially great news for home buyers, who now have more choice. 👍⁣
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Drawing up a list of must-have home features can help you stay focused during your property search. 🙌⁣
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It also helps to be ready to act when you see a place you’d like to buy. 🏠⁣
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Another way to be prepared is to have home loan pre-approval in place. ⁣
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That can help you set a buying budget, so you can focus on homes within your price range. 🏡⁣
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It also means you can make an offer with confidence – and stay one step ahead of less-organised buyers. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🏡 First home buyers roar back into market 🏡⁣
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First home buyers stormed back into the market last year, taking out 28.5% of all new home loans, according to ABS statistics.⁣
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Could you (or someone you know) be next to buy a first home? 🤔⁣
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Here are 5 potential tips to help get started:⁣
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1. Talk to a mortgage broker – we’ll help break down the home buying process, and explain how you can become home loan-ready sooner.⁣
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2. Save, save, save – the bigger your deposit, the less you may need to borrow.⁣
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3. Cut your credit card limit – reducing card limits could boost your borrowing power.⁣
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4. Check out first home buyer incentives – a financial helping hand might fast-track your first home purchase.⁣
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5. Consider a 5% deposit scheme – buying with 5% deposit? In some circumstances it can be done!⁣
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Call today for more ideas on getting into your own home sooner. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

We can't help ourselves but be a little helpful! Thanks for the amazing review Rebecca! 😁

⚖ What to weigh up with a property development ⚖⁣
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Australia appears to be in the grip of a housing shortage, with Housing Australia estimating that we currently need 175,000 more homes. 😮⁣
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That can make it tempting to take on a property development project of your own - particularly if you've got the land, funds, time and motivation to do so. 🏡⁣
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But they’re not always a money-spinner - especially if you're inexperienced or unprepared. 📝⁣
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Here’s what to consider watching for: 👇⁣
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1. Construction costs are easing, says CoreLogic, but unplanned blow-outs can still eat into your budget.⁣
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2. Building applications can be a minefield - know what’s required.⁣
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3. Explore your finance options. It could be the difference between making, or losing, money.⁣
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Get in touch with us if you’re thinking of a property development project. 📞⁣
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We can explain the loan options available so you can build with more confidence. 💪⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

📢 When will the next cash rate call be made? 📢⁣
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2024 sees our central bank switch to a new meeting schedule. 📆⁣
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Instead of meeting 11 times annually, the Reserve Bank of Australia (RBA) will call the shots on interest rates just eight times this year - about every six weeks - with no meetings to be held in April, July and October*. ⛔️⁣
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This makes it even more important to double check that your current home loan is still right for your needs. 👍⁣
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Because no matter what the RBA decides, you may need to be able to live with that decision for longer each time. 😅⁣
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So if you'd like a home loan health check, call us today to see how your home loan shapes up. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🤔 Should you sit tight? Or buy a property now? 🤔⁣
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Great news! Some of our biggest banks - including NAB and Westpac - are expecting interest rates to fall later this year. 📉⁣
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So … should you buy your first home or an investment property now? Or hold out a little longer? 🙃⁣
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Sure, a drop in rates could boost your borrowing power. 💪⁣
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The catch is that lower rates could potentially stimulate home buying activity, possibly driving home prices higher. 📈⁣
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That’s why the saying goes: 'the ideal time to buy is when you’re ready to do so'. 🙌⁣
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And how do you know when you're ready to buy a home? 🏡⁣
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Well, one way is to come speak to us to find out how much you could borrow. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🚙 Are you in the market for an SUV this year? 🚙⁣
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They're increasingly becoming the family vehicle of choice. 🙂⁣
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In fact, in January the total number of Sports Utility Vehicles (SUVs) sold was up 6.7% compared to January 2023. 📈⁣
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SUVs also now account for 55.5% of all vehicle sales. 😮⁣
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Leading the charge were the Toyota RAV4 (2,211 sales in January), Mitsubishi Outlander (2,077), MG ZS (1,888), Toyota Prado (1746), and Mazda CX-5 (1,720).⁣
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Need help financing your next vehicle purchase? Let us help. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🏡 How your deposit size can shape the interest rate you pay 🏡⁣
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Size matters! At least when it comes to how your home-buying deposit can impact the rate you pay. ⁣
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Lenders often set your home loan rate taking into account your loan-to-value ratio – or LVR. 🤓⁣
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That’s the percentage of your home’s value that you need to borrow. 🏦⁣
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The smaller the LVR, generally the less risk for a lender – and that could see you rewarded with a lower rate. 📉⁣
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How much lower? Give us a call and we'll help you explore your options. 👇⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🙌 The pros of having a mortgage broker on your side 🙌⁣
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The words “home loan application process” can strike fear in the hearts of many. But you don't have to go it alone. 😁⁣
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According to recent MFAA stats, seven-in-10 home loan seekers have now cracked the code: turning to mortgage brokers to help them land a loan. 🤝⁣
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Here are three key reasons why... 👇⁣
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1. We can do the bulk of the legwork for you.⁣
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2. Our inner knowledge of the finance industry could help boost your chances of home loan success⁣
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3. We can provide you with continued support throughout the duration of your home loan.⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🤔 Why are home values defying higher interest rates? 🤔⁣
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Rates have soared but that doesn't seem to have put a dampener on property values across most of the country. 🏡⁣
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Why not? Well, CoreLogic points to three potential reasons. 👇⁣
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1. A strong bounce back in population growth.⁣
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2. Tight rental markets mean more people are thinking of buying instead of renting.⁣
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3. High activity among buyers who don’t need a home loan (yes, we’re talking cash buyers).⁣
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The take-out?⁣
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If you wait for property values to fall to get into the market, well, it may not happen. ⚖⁣
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Timing the market can be incredibly difficult - especially the property market. ⁣
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'Time in the market' could be more straightforward to achieve. 👍⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]

🙌 Buying your first home in 2024? Here's how to get ready 🙌⁣
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Lenders consider many things when you apply for a first home loan. 🤔⁣
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But one thing they tend to really look at is ‘genuine savings'. 💰⁣
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That means you’ve been steadily tucking cash away - usually for at least 3 months. Bonus points for longer! 😅⁣
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Regular saving shows you could have what it takes to handle a home loan. 💪⁣
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So, don’t delay – draw up a budget, work out what you could possibly save, and start growing savings today! 😁⁣
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To find out more, DM us or contact Pennylane Finance on:

☎ – 02 5602 6888
💻 – [email protected]