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Monthly Archives: July 2015

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.