50,000 new places are now available under the Government’s Home Guarantee Schemes to address Australia’s housing problems

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Effective from July 1, the government has made changes to the Scheme’s eligibility criteria. This means you may be able to now lodge an Application under one of the three schemes available. Some of these changes include:
• Joint Applications accepted from friends and other family members
• Single legal guardians of children such as aunts, uncles and grandparents are accepted under the Family Home Guarantee Scheme
• Former property owners can now enter the scheme under certain conditions
To find out more about whether you are eligible for a place, or just to get an idea of your borrowing capacity, then give the guys at iShare Cashback Brokers a call today on 0422126430. And don’t forget to ask us about our Cashback offer, which can help you pay off your home loan sooner.
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Tax cuts are coming into effect on July 1 and the best way to make use of this extra money is to put it towards your mortgage.

If you can resist the urge to spend, putting your well-earned tax cuts towards your mortgage can save you $1,000s in interest and years off your home loan. Also, having this extra income means your borrowing capacity is increased. For example, a single person earning $120,000 per year could now borrow around $640,0000, an increase of $25,000 after the tax cuts. A married couple with 2 dependents earning a combined gross income of $280,000 could increase their borrowing capacity by as much as $75,000.

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Feeling the pain of high interest rates on your Home Loan? It could be time to refinance.

Refinancing your mortgage can be a smart financial move. Here are some key points to consider:

  1. Why Refinance? Refinancing allows you to replace your current mortgage with a new one. Common reasons include:
    • Lower Interest Rate: Get a better rate to reduce monthly payments.
    • Change Loan Terms: Adjust repayment duration (shorter or longer).
    • Access Equity: Use your home’s value for renovations or other expenses.
    • Stability: Switch from variable to fixed rate for predictable payments.
  2. Offset Accounts: Consider loans with offset accounts to pay off your mortgage faster. Money in the offset account reduces interest paid.
  3. Fees: Compare fees (monthly, annual, redraw) between loans. Some loans have no fees, while others may charge.

Remember, refinancing is unique to your situation, that’s why you need to consult a professional mortgage broker to get you the best deal. Talk to Penni or Allen today at iShare Cashback Mortgage Brokers and get the help you need.

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Looking to get into the investment property market but don’t have the cash? Or maybe you feel the properties in the current market are overpriced?

Our Agent specializes in finding off market properties for clients for under $500,000. He was able to negotiate a good price for the client on this 3-bedroom house on a large block and picked it up for $350,000. As well as getting a great deal, this home is currently being rented for $420 per week.

We have helped so many of our clients get into the property market this way and we can help you too. Why not use the equity in your home as a deposit towards the purchase?

Have a chat today with one of our experienced brokers who can explain in detail how this all works.

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Want to buy an investment property but don’t know where to start?

So you are looking to get into the investment property market but not sure how to go about it?

Due to the recent high increases in house prices, you may have sufficient equity in your family home to pay for the deposit and purchasing costs.

And why not let the rental income take care of the mortgage repayments?

Book a call with one of our home loan specialists today to find out exactly how you can do it. We can handle the home loan application process for you from start to finish at no cost to you.

And our solicitor can advise you of the legal process as well as offering a free complimentary review of the Contract of Sale.

Call us today on 0478908007 – this could be the start of building your investment property portfolio towards your retirement.

 

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Invest in SAFE Properties and earn up to 11% annual return, paid monthly.

This is an opportunity to collectively own prime real estate with like-minded investors without the need to buy an entire property. You could start with as little as $55k to purchase a share in one of these SAFE properties. Start your journey to prosperity and financial growth today by calling iShare Brokers to find out more.

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Discounts on Pre-Purchase, Building and Pest Inspections

Our partner Owner Inspections is offering discounts on pre-purchase, building and pest inspections for clients in the Brisbane, Sydney, Melbourne, Geelong and Wollongong areas.

Call today on 0478908007 to take advantage of this great offer.

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Off market hidden gem

One of the many off market properties on the books of our buyers agent. This investment gem is in Rockhampton and you can pick it up for around $410K. Will rent for $500 – $520pw.
Call today to find out more about this property.

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Thinking about switching your home loan to another bank? Then, you need to think about these 5 questions to help you.

1. What don’t you like about your current home loan?

2. What features are you looking for?

3. What’s your budget for repayments?

4. What is your equity and property value?

5. What timeframe are you thinking about?

So call us today and let your iShare Broker make the transition to a new lender as seamless as possible for you.

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Need a personal loan to pay for school books, fees and uniforms?

Contact us today if you are short on funds to get the children back to school in the next couple of weeks. We have lenders who can approve your loan quickly, usually within 48 hours.

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