Nectar Mortgages: Dustin McMahon

Yesterday the RBA announced it was holding the official cash rate at 4.35%. It's been a tough couple of years for mortgage holders who've endured 13 cash rate rises since May 2022, leading to rising mortgage interest rates.
If you're finding it difficult to manage your loan repayments 🏡💵 we may be able to help with that👍
𝐑𝐞𝐚𝐝 𝐨𝐧 𝐟𝐨𝐫 𝐭𝐢𝐩𝐬 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐬𝐭𝐚𝐲 𝐨𝐧🔝𝐨𝐟 𝐲𝐨𝐮𝐫 𝐫𝐞𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬👇OR get in touch to speak with us about your loan📲 💬

Tips to help you with your mortgage repayments If you're struggling with your mortgage repayments don't worry. These tips can help you get back on track.

𝐂𝐚𝐬𝐡 𝐑𝐚𝐭𝐞 𝐔𝐩𝐝𝐚𝐭𝐞 June 𝟐𝟎𝟐𝟒:
As widely expected, the official cash rate (OCR) remains steady at 4.35% for the fifth consecutive time!

Why another hold, you ask? With the Consumer Price Index (CPI) rising by 3.6% in the 12 months to April (up from 3.5% in March), the RBA continues its cautious stance. The CPI measures the price change in a basket of household goods and services, indicating inflation. The RBA’s inflation target is 2-3%, so while we’re close, the economy is not stable enough for rate cuts yet. The main factor keeping inflation high is consumer spending. Despite some belt-tightening as households restrain their discretionary expenditure, many Australians are still spending significantly.

More and more industry experts and banks now predict rate cuts won’t happen until at least 2025.

If you’re a mortgage holder feeling the pinch, talk to us today. We have the tools and knowledge to help you get through.

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𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐚𝐥𝐥 𝐟𝐢𝐫𝐬𝐭 𝐡𝐨𝐦𝐞 𝐛𝐮𝐲𝐞𝐫𝐬🥇🏡 𝐬𝐢𝐧𝐠𝐥𝐞 𝐩𝐚𝐫𝐞𝐧𝐭𝐬👩‍👶 𝐚𝐧𝐝 𝐥𝐞𝐠𝐚𝐥 𝐠𝐮𝐚𝐫𝐝𝐢𝐚𝐧𝐬👨‍👶
Do you know if you qualify for a low-deposit home loan? Follow our link below for all the details on the Home Guarantee Scheme 👇

Low deposit, no LMI options for first home buyers Buy with a 5% deposit using the First Home Guarantee or 2% using the Family Home Guarantee for single parents.

𝐍𝐞𝐞𝐝 𝐚 𝐋𝐨𝐚𝐧? 𝐋𝐞𝐭'𝐬 𝐂𝐡𝐚𝐭 𝐅𝐢𝐫𝐬𝐭!
As a Nectar broker, I have access to over 50 lenders, ensuring we find the perfect fit for your needs👌.
Feel free to give me a call to discuss your options.📲

𝐀𝐫𝐞 𝐘𝐨𝐮 𝐑𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐘𝐞𝐚𝐫? 🌟
The new financial year starts on July 1st, 2024. Now is the perfect time to set your goals!🥅 Whether you're planning to buy a new home🏠, get a new car🚗, consolidate debt, or restructure a loan, I can help you gain clarity and make informed decisions to set you on the right track🛤️. Call me today📲 to discuss your plans and ensure a successful financial year ahead!📆

Happy King’s Birthday! 🎉👑
For those enjoying a day off work, I hope you have a lovely, relaxing day🛌💅🚴‍♂️🏌️‍♀️

With the end of the financial year (EOFY) fast approaching, you'll be noticing some fantastic vehicle deals and discounts. Before you go looking for a new set of wheels, talk to us about vehicle finance. We have access to over 50 lenders so can help you find the best deal possible. Don't delay, talk to us today.

🏉𝐆𝐞𝐭 𝐫𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐠𝐫𝐚𝐬𝐬𝐫𝐨𝐨𝐭𝐬 𝐬𝐡𝐨𝐰𝐝𝐨𝐰𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐞𝐚𝐬𝐨𝐧! 🏉
The Nectar Adelaide team is thrilled to sponsor the ‘Biggest Game of Division 12 Ressies 2.0.’🎉

Who: Lockleys FC vs Elizabeth FC
When: Friday, June 7th at 7pm!
Where: Argana Park, Elizabeth.

We not only excel in the field of mortgage broking, but our very own Jenna Devenport shines🌟 on the AFL field too as a proud member of Lockleys FC! 🤩
Need a better deal on your home loan? 🏠 We’ve got you covered! With access to over 50 lenders, we’ll tackle your mortgage needs head-on. Whether you’re a first home buyer, property investor, upsizer, or looking for a personal loan – we can help you score big on your financial goals💪. Call today for a complimentary consultation!📲

Need to finance more business equipment? Need it sorted before the end of the financial year📅✅?
We can help you with that💪 Get in touch today📱💬

🏠 𝐓𝐡𝐞 𝐅𝐢𝐫𝐬𝐭 𝐇𝐨𝐦𝐞 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 (𝐅𝐇𝐁𝐆) enables eligible home buyers to purchase a home with a 𝟓% 𝐦𝐢𝐧𝐢𝐦𝐮𝐦 𝐝𝐞𝐩𝐨𝐬𝐢𝐭 without paying Lenders Mortgage Insurance 😯
🌄 𝐓𝐡𝐞 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐅𝐢𝐫𝐬𝐭 𝐇𝐨𝐦𝐞 𝐁𝐮𝐲𝐞𝐫 𝐆𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 (𝐑𝐅𝐇𝐁𝐆) offers the same benefit to eligible buyers purchasing in a regional area.
To learn more and check your eligibility, read our blog below👇 or call me! I'll explain the details and try to help you get on the property ladder sooner than you expected!
https://www.nectarmortgages.com.au/home-guarantee-scheme-update2023/

Nectar's Top Tips for Saving a Deposit.
✅ Work out how much you need to save and set a goal.
✅ Track your expenses and plan a budget.
✅ Pay off high-interest debts like credit cards as soon as you can.
For more tips, click the link below👇

How to get your Home Loan deposit together Getting your deposit for a home loan takes time and effort. Here we discuss strategies to increase your deposit and where to pull funds from.

Over the past couple of years, we've seen how quickly interest rates can change📈
The time between loan approval and settlement can vary for a number of reasons. Because of this, a fixed interest rate you were 𝐪𝐮𝐨𝐭𝐞𝐝 𝐚𝐭 𝐭𝐡𝐞 𝐭𝐢𝐦𝐞 𝐨𝐟 𝐚𝐩𝐩𝐫𝐨𝐯𝐚𝐥 𝐦𝐚𝐲 𝐛𝐞 𝐡𝐢𝐠𝐡𝐞𝐫 𝐜𝐨𝐦𝐞 𝐬𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐭𝐢𝐦𝐞.
Find out how you could prevent this with 𝐚 𝐫𝐚𝐭𝐞 𝐥𝐨𝐜𝐤 and reduce your repayments.
Get in touch 📱 💬to discuss whether a rate lock is right for you.

What is a rate lock and should you consider it? There's a chance the rate you get when you apply for a home loan is different from when you settle. This is where a rate lock can help.

As mortgage brokers 🧑‍💼 we know how important it is for borrowers to 𝐚𝐯𝐨𝐢𝐝 𝐞𝐱𝐭𝐫𝐚 𝐜𝐨𝐬𝐭𝐬 in the current market.
When it comes to home loans, a good way to save money is by avoiding 𝐋𝐞𝐧𝐝𝐞𝐫𝐬 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 (LMI).
Find out different ways to get around LMI in our blog below👇
To discuss reducing the cost of your mortgage, please don't hesitate to 𝐠𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡 📱💬

How to avoid Lenders Mortgage Insurance To avoid the extra cost from Lenders Mortgage Insurance there are different strategies you can use. Find out which may be useful to you.

𝐑𝐞𝐩𝐫𝐢𝐜𝐢𝐧𝐠: 𝐚𝐧 𝐨𝐩𝐭𝐢𝐨𝐧 𝐰𝐨𝐫𝐭𝐡 𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐢𝐧𝐠
Have you considered repricing, not refinancing your loan? 🤔If you're struggling with your current rate but are tied to your existing lender😟 then repricing could be an option.
Benefits of repricing▶️No fees▶️ No forms ▶️Quick answers
Contact us for more information📲

𝐖𝐞 𝐜𝐚𝐧’𝐭 𝐬𝐞𝐞 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞 🔮 👀 𝐁𝐮𝐭 𝐰𝐞 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐠𝐞𝐭 𝐫𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐢𝐭.
Don’t leave your financial future to chance 🍀
Get in touch📱💬to discuss your financial goals and what steps you can take to reach them.

𝐃𝐞𝐚𝐥𝐞𝐫𝐬𝐡𝐢𝐩𝐬:
❌Sometimes mark up their prices to offset a lower interest rate
❌May include balloon payments, which means you could pay more interest overall.
❌Usually only finance new cars.
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐛𝐫𝐨𝐤𝐞𝐫𝐬:
✅Have access to multiple lenders and competitive interest rates.
✅Give you more flexibility on your loan and repayment structure.
✅Look for loans that best suit your financial situation.
✅Can usually get your purchase approved within 72 hours.

Get in touch to accelerate your car finance and secure your purchase before the end of the financial year📱💬

One of the first things☝️ lenders do when you apply for a home loan is to 𝐜𝐡𝐞𝐜𝐤 𝐲𝐨𝐮𝐫 𝐜𝐫𝐞𝐝𝐢𝐭 𝐬𝐜𝐨𝐫𝐞🕵️‍♂️. Your score can affect whether your loan application is accepted🤩or rejected☹️, what kind of interest rate you may receive, what kind of financing options are available to you💸, and more. For more information read our blog below👇 or for help getting your credit report, get in touch today📲

What is a credit score and why is it important for your home loan? When you apply for a loan, one of the first things a lender looks at is your credit score. But what is a credit score?

Today we celebrate all the wonderful mothers, stepmothers and mother figures who have raised us and made us who we are today👩‍👦👩‍👧
We are forever grateful to you💞 Thank you😊

𝐓𝐡𝐞 𝐩𝐚𝐭𝐡 𝐭𝐨 𝐛𝐮𝐲𝐢𝐧𝐠 𝐚 𝐧𝐞𝐰 𝐡𝐨𝐮𝐬𝐞 𝐜𝐚𝐧 𝐬𝐞𝐞𝐦 𝐥𝐢𝐤𝐞 𝐚𝐧 𝐮𝐩𝐡𝐢𝐥𝐥 𝐜𝐥𝐢𝐦𝐛 🧗 especially in today's property market.
If you're struggling to gather a deposit 💵 🏡a 𝐟𝐚𝐦𝐢𝐥𝐲 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐞𝐞 could help you get across the finish line 🏁 and secure your first home purchase. Read on to see how a family guarantee works 👇or contact me to discuss📲

Avoid LMI with a family guarantee - Nectar Mortgages Find out how a family guarantee can help first home buyers step on the property ladder sooner and avoid paying LMI.

𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐭𝐡𝐞 𝐑𝐁𝐀 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐝 the official cash rate was holding (yet again!) at 4.35%.😯
With uncertainty looming over when the OCR will finally budge, we're here to offer some 𝐡𝐞𝐥𝐩𝐟𝐮𝐥 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬 𝐭𝐨 𝐧𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞𝐬:
✅Review your household budget and see if you can free up any cash for extra repayments.
✅Consolidate your debts. That way, you can track your finances more easily and potentially save on repayments if you have multiple debts with high-interest rates.
✅Consider repricing, refinancing or changing the structure of your loan in order to reduce repayments.
✅Explore other options, such as changing your loan to interest-only. This could give you a temporary financial reprieve.

When it comes to your mortgage, a great way to choose the right strategy is with a loan review.
Get in touch and book your no-obligation loan review today📱💬

𝐂𝐚𝐬𝐡 𝐫𝐚𝐭𝐞 𝐮𝐩𝐝𝐚𝐭𝐞 𝐌ay 𝟐𝟎𝟐𝟒:
News just in! The official cash rate (OCR) is holding steady at 4.35%! What does this mean for you and your wallet?
Here’s the lowdown: As predicted by many financial experts including the big banks, Australia’s OCR remains unchanged for the fourth meeting in a row. Why? Well, it all boils down to inflation. Despite a slight slowdown in the latest CPI figures, inflation hasn’t dipped as much as predicted. While we’re inching closer to the Reserve Bank’s target range (2-3 per cent), it seems it’s not quite enough to warrant a rate cut.
What’s next? If your fixed interest rate is about to expire, now’s the time to chat! Let’s explore your options and ensure you’re on track for financial success.
💼✨

When was the last time you had a home loan health check 🏡🩺?
If it’s been more than a year, then 𝐲𝐨𝐮 𝐦𝐢𝐠𝐡𝐭 𝐛𝐞 𝐩𝐚𝐲𝐢𝐧𝐠 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐭𝐨🤔
𝐆𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡📱💬 we can discuss whether repricing or refinancing is right for you🫵

With the end of the financial year (EOFY) fast approaching, you'll start to notice some fantastic vehicle deals and discounts. Before you go looking for a new set of wheels, talk to us about vehicle finance. We have access to over 50 lenders so can help you find the best deal possible. Don't delay, talk to us today.

As a homebuyer in the current property market, saving more on your mortgage🪙🐷 and avoiding extra costs is always a plus.
One cost that can drive up your mortgage repayments is 𝐋𝐞𝐧𝐝𝐞𝐫𝐬 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 (𝐋𝐌𝐈).
However, there are ways you can avoid LMI. Here are a few:
𝟏. 𝐒𝐚𝐯𝐢𝐧𝐠 𝐟𝐨𝐫 𝐚 𝐥𝐚𝐫𝐠𝐞𝐫 𝐝𝐞𝐩𝐨𝐬𝐢𝐭💰
𝟐. 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐠𝐚𝐭𝐞 𝐢𝐟 𝐲𝐨𝐮'𝐫𝐞 𝐞𝐥𝐢𝐠𝐢𝐛𝐥𝐞 𝐟𝐨𝐫 𝐚 𝐠𝐫𝐚𝐧𝐭 𝐨𝐫 𝐬𝐜𝐡𝐞𝐦𝐞
𝟑. 𝐔𝐬𝐢𝐧𝐠 𝐚 𝐠𝐮𝐚𝐫𝐚𝐧𝐭𝐨𝐫 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞🧓🏡
Find out more about how to avoid LMI here: https://www.nectarmortgages.com.au/how-to-avoid-lenders-mortgage-insurance/

𝐆𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡📱💬and we can discuss more strategies to help you save.

𝐑𝐞𝐚𝐝𝐲 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐫𝐞𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐝𝐫𝐞𝐚𝐦𝐬 𝐚 𝐫𝐞𝐚𝐥𝐢𝐭𝐲?
Talk to us about construction loans! 🛠️ Unlike traditional home loans🏡, construction loans offer flexible drawdowns, allowing you to pay your builder in stages with 'progress payments'. You'll only pay interest on the amount drawn, not the full sum😁. Interested? Contact us today so we can help you find a suitable loan at a great rate and let's get that project started as soon as possible! 🏡✨

𝐋𝐞𝐬𝐭 𝐰𝐞 𝐟𝐨𝐫𝐠𝐞𝐭🫶
Today marks the anniversary of the Australian and New Zealand forces (ANZACs) landing on Gallipoli in 1915 during WW1. We commemorate and remember the sacrifices of all Australians and New Zealanders during service🙏

𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐫𝐞𝐟𝐢𝐧𝐚𝐧𝐜𝐞:
Refinancing can help property investors customise their loans to suit their financial needs💵
This includes adding➕or removing✂️certain features like a redraw facility, an offset account or an interest-only feature.
𝐆𝐞𝐭 𝐢𝐧 𝐭𝐨𝐮𝐜𝐡📱💬 and let’s discuss whether refinancing is right for you.

🏠💵 𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐥𝐨𝐚𝐧 𝐟𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐜𝐚𝐧 𝐢𝐦𝐩𝐚𝐜𝐭 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐥𝐨𝐚𝐧 𝐣𝐨𝐮𝐫𝐧𝐞𝐲? Understanding these features is key to making informed financial decisions! 💡 Some help you pay off your loan faster, while others allow you to access additional funds. Read our blog👇 to find out more about loan features and how they work.

Home loan features explained Lenders offer features, like extra repayments, to provide flexibility to their loan products. Find out which features work best for you.

Don't wait until your fixed rate expires before talking to us🫣. Get in touch at least 2- 3 months before 🗓️. This usually provides enough time⏰to look at other options and refinance to a new lender if necessary! Don't delay, contact us today📲

One of the most important skills property investors need is the ability to budget💵📝
A budget can help investors find ways to adjust spending and save for a deposit 🏦 It's also a valuable tool for managing income against mortgage repayments and other expenses as a landlord.
To crunch your numbers, check out our handy calculator👇
https://www.nectarmortgages.com.au/budget-calculator/