EK Financial Group

Wishing you a happy New Year 🥳 Here's to a healthy, prosperous, and bright 2025 🥂

Does your HECS debt impact your ability to get a home loan? It can, in that it impacts your borrowing capacity. Borrowing capacity, by the way, is essentially 'how much the bank is willing to lend you'. Instead of lenders looking at the entire HECS debt though, as they would with a credit card or personal loan, they're more interested in how much you're having to repay each month. This means the degree to which your HECS debt impacts your borrowing capacity depends more on your income than the overall size of the debt. Think of it this way, it's your HECS debt repayments that make the difference. The banks are interested in this amount because it affects how much cash you'll have leftover to pay your mortgage. Get in touch to find out how much you could borrow for your new home. 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights

Here are a few things you should be thinking about if you're planning to apply for a home loan: 💸 Are you excess spending on non-essentials (UberEats, gambling 👀)? 💸 Are you withdrawing from your “savings” account? 💸 Do you have other debts or credit cards? Get in touch with our team to discuss how you can put yourself in the best position to get approved for a home loan in 2025! 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights

You may have heard that you need a 20% deposit to secure a home loan. If you have less than 20%, you'd usually have to pay lenders mortgage insurance (LMI) - which protects the bank on the off chance you default on your repayments. Good news is there are some scenarios where you wouldn't need to pay LMI, even if you have a smaller than usual deposit: ◽ You have a guarantor, or ◽ You work in a certain industry, or ◽ You qualify for a relevant government grant Get in touch to find out if any of these scenarios could apply to you. 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights

Merry Christmas 🎅🎄 Wishing all our wonderful clients a Merry Christmas - we hope Santa is generous and that you enjoy some quality time with your favourite friends and family 🎁

First home buyer myths that get the most airtime: – It’s cheaper to rent – You need a 20% deposit – A perfect credit score is essential – You can’t buy if you’re self-employed – The process is way too complicated  Let’s set the record straight – buying your first home is absolutely possible. You don't need a 20% deposit, and you can secure a loan if you’re self-employed. It’s often cheaper to own than rent in the long run, and we’re here to make the process simple, not stressful. Ready to bust these myths and move into a home of your very own? Get in touch to run through your options. 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights

When the lender assesses your application, they'll often want to make a judgment about how you handle your money. Genuine savings means that the funds you're using for your deposit is money that you've been saving up over time – and not a gift, or sudden windfall. Get in touch for tailored strategies on how to secure a competitive home loan. 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights

Thank you so much for your feedback, Nick. It was our absolute pleasure to help you. "EK Financial has been great for our Family. Aaron and the team have put us in a position of financial stability, after years of just coping with our debts. We now have comfort that we will be able to achieve our financial goals in a shorter time span." 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights

Offset accounts can help you save big on interest. Here’s how: - Your savings reduce your home loan balance, so you pay interest on a smaller amount - You can still access your funds whenever you need them It can be a win-win for saving and flexibility, but only if you use it in an optimal way. Want to know if it’s right for you? We’re here to help. 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights

Most home loans go through a mortgage broker these days, but if you haven't used a good one before you may wonder what the fuss is about. Think a mortgage broker just helps you find a loan? Here’s what we really do: - Compare hundreds of options against your property strategy - Handle the paperwork so you don’t have to - Explain confusing terms and hidden costs - Advocate for you with the banks We make the home loan process simple, stress free, and tailored to your unique needs. Tell us, if you haven't used a broker yet, what's stopping you? 👉 https://bit.ly/3v7boCV 📱03 9020 1888 #ekfinancial #ekfinancialgroup #wheelershill #melbourne #melbourneproperty #financeinsights