MRD Capital

☀️ Now’s the time to consider a summer home make-over ☀️⁣
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Summer might still be months away, but now is a good time to start preparing for higher temps.⁣
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Low-cost renovations like installing new air con or insulation, or just adding French doors that keep the cool air flowing, can keep your place comfy.⁣
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Or maybe you’re keen to add a back deck or solar panels? ☀️⁣
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Your home could even help pay for it all.⁣
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From a simple refresh to a full renovation, talk to us about how home equity could fund renovations that add value and comfort to your place. 👇⁣
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To find out more, DM or contact the MRD Property Team on:

☎️ – 0448 088 948
💻 – [email protected]

🏡 1 in 2 first home buyers use LMI to buy sooner 🏡⁣
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As home prices continue to rise, close to half (48%) of recent first home buyers paid for lenders mortgage insurance (LMI) to help them buy sooner rather than later, according to Helia statistics.⁣
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LMI can apply if you buy a home with less than a 20% deposit (and haven't tapped into the First Home Guarantee scheme).⁣
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It’s a one-off insurance premium that protects the lender if a borrower can’t repay their loan. ⁣
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But without paying LMI, you may have to wait until you’ve saved a bigger deposit to buy a place. 🙃⁣
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The risk is that by then, home prices may have climbed even higher.⁣
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Talk to us to understand how LMI could help you beat rising property prices, or if you're eligible for the federal government's First Home Guarantee scheme. 👇⁣
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To find out more, DM or contact the MRD Property Team on:

☎️ – 0448 088 948
💻 – [email protected]

🤔 Mythbuster: does paying more often pay off an offset loan sooner? 🤔⁣
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Making repayments more frequently could help you pay off a standard home loan sooner.⁣
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But what if you have an offset account? 🧐⁣
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Well, that’s when the key to getting ahead is maximising the balance in your offset account - not the frequency of your repayments.⁣
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Every day that your money is sitting in the offset account is another day you pay less interest on the account.⁣
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So, if you want to pay off your offset account home loan sooner, your focus should be on boosting the balance in your offset account for as long as possible - not repayment frequency.⁣
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Still confused? Get in touch and we'll be happy to run you through it some more. 👇⁣
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To find out more, DM or contact the MRD Property Team on:

☎️ – 0448 088 948
💻 – [email protected]

🤔 How are most families using their recent mortgage savings? 🤔⁣
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The February and May rate cuts saw Australian families with an average home loan of $641,000 save about $200 a month each, according to Finder.⁣
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So how are they planning on using the extra money? ⁣
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Two in five plan to save it, says Finder. ⁣
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The same proportion (39%) are tipping the savings back into their loan or offset account to get ahead on their home loan.⁣
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And about 6% are treating themselves by spending it (and fair enough, too!). 😅⁣
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But with more potential rate cuts tipped for 2025, it’s probably worth thinking about yourself.⁣
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And if you want to find out more about offset accounts, or even refinancing, please get in touch. 👇⁣
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To find out more, DM or contact the MRD Property Team on:

☎️ – 0448 088 948
💻 – [email protected]