BIR Finance

1300 989 878

REA-Hobsons Bay

A.  Standard Variable Rates for sub 80% LVR for Owner Occupiers with Principal & Interest repayments are as follows:

Best:  Bank of Sydney 4.59% or, repayments of $512/mth per $100K borrowed

Best Big 4: CBA 4.92% or, repayments of $532/mth per $100K borrowed

 

B.  Facts Regarding Interest Rates & Prices

Fact #1  In 9 of the last 10 cycles of rate increases, property prices have gone UP (not down) – and in the remaining cycle, property prices moved sideways.

Fact #2  The 2022 Interest Rate increases reduced borrowing capacity by around 25%.

 

Conclusion:  So, what looks like gloom (Fact #2) may in fact be a boom (Fact #1)!

4 Niches for Home Loans for Self Employed

#1  The Applicant’s Notice of Assessment for the past 2 years – no Income Tax Returns or Financials required for the business or applicant.

#2  Only 1 year’s Bonus needed for servicing (not 2) – and Share Vesting Bonuss are OK!

#3  Professionals: One year’s ABN and financials – up to 70% LVR + more on application.  Covers Accountants, Actuaries, Lawyers, Medical & Engineers.

#4  Cash out unlimited to 80% LVR with broker notes only – and Owner Occupier Rates for the purchase of a holiday home!

Attend a meeting

Allow me to register you as a Visitor to a local networking group, BNI Powerhouse – click here.

The members of BNI worldwide have generated business (aka money in the bank) for their fellow members of over $20B.

 

When we meet:

Wednesday mornings – 7:15 am to 9:00 am at Kooringal Golf Club or via Zoom (1st Wednesday of the month).

2023: we start back on 25 January 2023

Please contact me to Register you: click here

Quotes for you

#1  The best time to plant a tree was 20 years ago. The second best time is today – Happy Chinese New Year!

#2  Someone’s sitting in the shade today because someone planted a tree a long time ago – Warren Buffet

#3  Control leads to compliance; autonomy leads to engagement – Dan Pink

 

Hobsons Bay

#1  Hobsons Bay covers 66 sq km

#2  It has 20 km of bay frontage

#3  The Aboriginal people who lived in Hobsons Bay are known as the Yalukit Wilum, a name meaning ‘river camp’ or ‘river dwellers’