MPower Financial Services
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17/09/2023
Here’s how to escape renting and crack the property market 🏠
Nix the skyrocketing rental prices and dwindling rental supply by taking advantage of these government schemes:
⚡Low deposit, no LMI schemes (federal government) - fast-track your home buying process by 4 to 4.5 years on average*.
⚡Stamp duty concessions (state government) - All state governments (except SA) have stamp duty concessions available for eligible first-home buyers.
⚡First home buyer grants (state government) - Most state governments (except the ACT) offer first home owner grants to help you achieve homeownership.
To find out more, DM us or contact Mpower Financial Services on:
☎️ – 1300 385 859
💻 – [email protected]
13/09/2023
💸 Refinancing takes off as it hits record levels 💸
Between March and June we've seen some seriously impressive mortgage refinancing numbers. 📈
In fact, two of those months (March & May) were the biggest on record. 🥇
Recently, certain lenders reduced serviceability buffers for specific refinancers who don’t meet the standard serviceability test.
And this is believed to be driving the record increase.
With these changes, more people may be eligible to escape their mortgage prison.
So if your mortgage has you feeling the crunch, chat with us to see if you’re eligible to refinance and save. 🤑
To find out more, DM us or contact Mpower Financial Services on:
☎ – 1300 385 859
💻 – [email protected]
*ABS
06/09/2023
Save And Invest Regularly!
Cultivate a habit of saving money regularly. Start an emergency fund to cover unexpected expenses, and save for future goals such as buying a house or retirement. Additionally, explore investment opportunities to grow your wealth over time.
To find out more, DM us or contact Mpower Financial Services on:
☎️ – 1300 385 859
💻 – [email protected]
30/08/2023
🏡 Mortgage serviceability can feel like a big hurdle. But it’s there to help 🏡
It’s in your best interests to have a loan you can afford. And brokers and lenders want this too.
We have a duty of care to ensure you’re not given a loan that can put you in financial hot water. 🥵
In very simple terms, your serviceability is calculated by looking at your income and subtracting your expenses and debt repayments.
And a serviceability buffer is applied to the current interest rate to see if you’ll be able to continue repayments should interest rates rise. 📈
Buying a home is exciting, but you don’t want to end up in a financially sticky situation.
This is especially important given the recent RBA interest rate hikes over the past year.
If you’re in the market for a home loan, give us a call. ☎
We can help you navigate mortgage serviceability tests and find a loan that will work for you and your financial goals. 🤑
To find out more, DM us or contact Mpower Financial Services on:
☎ – 1300 385 859
💻 – [email protected]
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10 Eagle Street
Brisbane, QLD
4000
