Call: (07) 5527 4744

Insider Tips

Interest Rates … Up for Investors … Down for Owner Occupiers

August 10, 2015 in Insider Tips, Latest News, Rate Cuts, Rate Rises

APRA

The Government Regulator (APRA) has thrown the cat amongst the pigeons within the Banking Industry by making major & immediate changes to the Investment Credit Policies & Lending Requirements for Banks.

 

The impact of these changes will vary significantly from Bank to Bank due to APRA introducing different rules & requirements for each Lender. The result of such variances is creating vastly different responses by each individual Bank with several being forced to increase interest rates on Investment Property Loans whilst others are having to reduce the maximum loan amounts they can lend to Investors. Other Banks are taking a different tact by seeking to encourage new Home Loans from Owner Occupiers by offering lower Interest Rates for Owner Occupier Home Loans and offering new Home Loan customers of up to “$2,000.00 Cash Back”.

 

With even more changes anticipated over the next few weeks there are plenty of reasons for Borrowers to be both concerned and excited however it is vital to KEEP AN EYE ON YOUR HOME LOAN and INVESTMENT PROPERTY LOAN as the Banks are making changes on a daily basis and whilst there will be amazing opportunities available there will also be many potential pitfalls to be wary of.

 

If you wish to discuss how you can navigate your way through all the confusion & ongoing changes please contact our experienced Mortgage Specialists.

 

FREE APPLE WATCH . . .

August 4, 2015 in Insider Tips, Latest News

I Watch

Thank you so very much to all for your wonderful support.

Here we are heading out once again to deliver more Apple Watches to our clients who have kindly recommended several of their family & friends to DPF Mortgage Specialists.

As a result of your wonderful support we will be continuing to reward our clients with a new Apple Watch until 30th September 2015.

If you would like to receive a new Apple Watch all you need to do is:

  •  Recommend 2 new clients who proceed with new Home Loans with DPF Mortgage Specialists between 1st May 2015 – 30th September 2015 .

OR

  •  Take out a new Home Loan with DPF Mortgage Specialist and recommend a new client who proceeds with a new Home Loan with DPF Mortgage Specialists between 1st of May 2015 – 30th September 2015.

 

Please click on “Contact Us” or telephone 07 55274744 if you wish to know more.

Banks Waive Mortgage Insurance for Professionals

July 29, 2015 in Insider Tips, Latest News

 

Team of workers together in an office setting

Banks are offering $Nil Mortgage Insurance on Home Loans for Professionals within specific industry groups in the hope that these amazing savings will entice new business from targeted sections of the community.

By waiving the requirement for Lender’s Mortgage Insurance for loans up to 90% of the property value (i.e. LVR 90%).
eligible Professionals can achieve significant savings of $8,590.00 – $58,642.00 for Home Loans of $400,000.00 – $2,000,000.00 (LVR 90%).

WHICH PROFESSIONAL GROUPS ARE ELIGIBLE ???

Accountant, Finance Manager
Auditor, Actuaries
Barrister, Lawyer, Solicitor
Engineer, Surveyor, Mine Surveyor
Quantity Surveyor
Geologist, Geophysicist
General Practitioners, Hospital-Employed Doctors
Medical Specialists, Dentists
Optometrists, Pharmacists
Veterinary Practitioners

The Banks offering these discounts have varying eligibility criteria relating to the industry groups, individuals, home loans & loan purposes.

To learn more click on “CONTACT US” or phone (07) 5527 4744 to talk with our Mortgage Specialists

WHY PAY THOUSANDS MORE THAN YOU NEED TO ???

Major Bank Rate Hike for Investors

July 27, 2015 in Insider Tips, Latest News, Rate Rises

CBAThe Commonwealth Bank is penalising Investors by charging higher interest rates of up to 0.40% p.a. for Investment Property Loans.

These rate increases do not apply to Owner Occupied Home Loans and has sent a clear message by the CBA to investors to “Take Your Business Elsewhere” if you wish to achieve a competitive interest rate for your Investment Property Loan.

Fortunately for Investors there are many alternative Banks & Non-Bank Lenders with low interest rates who are more than keen to welcome investors as new clients.

If you have a Commonwealth Bank Investment Loan & would like to know more click on “CONTACT US” or talk to our Mortgage Specialists on ph: 0755274744

Bank offers $1500 Cash to Win Your Home Loan

July 22, 2015 in Insider Tips, Latest News, Rate Cuts

Businessman hands holding money - Australian dollar bills

The competition between the Banks to entice new Home Loan customers is intensifying with offers of “$1,500.00 Cash Back” for borrowers seeking new Home Loans to purchase an Owner Occupied Home or Unit.

The “$1,500.00 Cash Back” is also being offered for borrowers wishing to refinance their existing Owner Occupied Home Loans to achieve a lower interest rate.

These are not the only amazing offers available to DPF clients as our Mortgage Specialists are continuing to successfully negotiate “Amazing Discounts” on behalf of our clients as the Banks are being forced to “Jump through the Hoops” if their Home Loans are to be considered by informed customers who deserve & demand a better deal.

This is great news for Home Buyers and Home Owners seeking a better deal from the Banks.

Talk to our Mortgage Specialists to learn more and to discover the great deals the Banks are willing to offer you to win your business.

Major Bank Imposes Restrictions on Investors

July 8, 2015 in Insider Tips, Latest News

Westpac.3

Westpac Bank has announced significant changes to their lending policies for borrowers seeking to purchase an Investment Property.

Westpac will restrict investors to loan amounts up to 80% of their property value. This will impact greatly on the tax deductions able to be achieved by Westpac clients as they will now be required to contribute the 20% Deposit + Stamp Duties + Purchase Costs from their own funds rather than being able to borrow these amounts and claiming the interest as a tax deduction.

Whilst several other Banks have also announced similar restrictions on investors,  industry insiders do not anticipate these policies to be adopted by the entire banking industry.

Q:    Can Investors access loans that will allow them to borrow more than 80% of their property value ?

A:   YES … Our Mortgage Specialists have access to over 30 Banks and can source a Bank who has NOT introduced restrictions or discrimatory approval policies targeting Investors.

 

Please click on “CONTACT US” if you wish to know more or feel free to speak with an experienced Mortgage Specialist on ph: (07) 5527 4744 to ensure you are able to source the right loan to suit your specific requirements.

 

New Lending Rules for Property Investment Loans

June 24, 2015 in Insider Tips, Latest News

Frazzled

New + experienced Property Investors are becoming increasingly frustrated by the new lending rules which differ greatly from Bank to Bank.

The good news is … If your Bank says “No” other Banks may say “Yes”.

Please contact our Mortgage Specialist as they know all the new rules and can inform you as to which Banks can help & which Banks can’t.

Are interest rates still on the way down ?

June 12, 2015 in Insider Tips, Latest News, Rate Cuts

RBA Governor 3

The Reserve Bank Governor (Glenn Stevens) confirmed in a speech to economists in Brisbane this week that further interest rate drops are possible however the RBA believes improvements in Government policies & spending on capital works is a preferred option to stimulate sustainable growth in the Australian economy.

The good new for Borrowers is that no-one is current talking about rates increasing from their current record low level.

Lower Rates for Owner Occupied Home Loans

June 2, 2015 in Insider Tips, Latest News, Rate Cuts

banks1

The Reserve Bank may have kept rates on hold for another month however many banks are now offering lower interest rates for Owner Occupied Home Loans.

Why you may ask …

The simple answer is that the banks are under pressure from ASIC + APRA + the RBA to ensure a balance is maintained between new Owner Occupied Home Loans & the ever increasing demand for new Investment Loans.

Offering amazing deals to encourage more Owner Occupied Home Loans will open the door for more Investment Loans to also be written by the banks.

The winners are the Mum’s & Dad’s, First Home Buyers & those seeking to upgrade their homes as the banks are prepared to fight to earn your business.

Talk to our Mortgage Specialists to learn how you can take advantage of this opportunity and land yourself a great deal.

Banks Change the Rules for Investors

May 22, 2015 in Insider Tips, Latest News

Rules 1

Australian Banks have CHANGED THE RULES FOR INVESTORS in response to the concerns of the government regulatory authorities (APRA + ASIC) over the perceived “High Levels of Investment Debt” currently in the market place & the potential ramifications for borrowers if the speculation over the bursting of the “Sydney Property Bubble” was to become a reality.

HOW DOES THIS IMPACT INVESTORS ???

Banks have reacted with varying methods to address the concerns of ASIC + APRA with more announcements anticipated over the next few days / weeks.

Listed below are several examples of the differing Lending Policy Changes announced by the Banks to date:

  • CBA – Higher Interest Rates for Investors 
  • BankWest – Investors required to contribute a minimum of 20% Deposit / Equity
  • NAB – Investors restricted from receiving Discounts on Interest Rates 
  • Westpac – Borrowing Capacity for Investors to be reduced – Negative Gearing no longer to be considered in serviceability calculations 
  • ANZ – Discounts not available for Investors who do not have a ANZ Home Loan

 

DPF Mortgage Specialists will continue to receive regular updates directly from the Banks and can assist you and your friends / family to navigate through the confusion and varying options if require funding for:

  1. Purchase an Investment Property
  2.  Shares 
  3. Refinances of Investment Loan 
  4. “Other” Investment opportunities