Finance For Tomorrow

LVR stands for “loan-to-value ratio” 💡 LVR helps us determine how much deposit we need to buy a property 🏠, how much money we need to borrow from lenders 💴, and how much equity we have 📊 LVR is the ratio of the loan amount to the property’s value 📈: For example, if we borrow $400k to purchase a $500k property: LVR = Loan amount / Property value LVR = $400k / $500k LVR = 0.8 or 80% Why is LVR important? 1️⃣ To help you determine how much deposit you need. Usually, people save up a 20% deposit, which makes their LVR 80%. However, with the rise in housing prices, investors are looking to buy property with smaller deposits 📉 2️⃣ Lender Mortgage Insurance (LMI). When your deposit is less than 20% and your LVR is higher than 80%, banks require you to pay for LMI as it serves as their protection if you are unable to repay the amount you borrowed 🔐 3️⃣ Professional privileges. Professionals such as doctors, dentists, and accountants can qualify for loans with up to 90% LVR without having to pay for LMI. This allows them to start investing in property with just a 10% deposit 💼 ⚖️ LVR is also a good metric to track our property portfolio because it measures equity graph 📊 The lower the LVR, the more equity we have. We can reduce LVR by paying down our loans money 💰, renovating the property ⚒️, or seeing market growth 📈 🔖 Save and share for more tips Adapted from JD Capital #FinanceForTomorrow #MortgageBrokers #PropertyInvestmentExperts #LendingExperts #sydney #LVR #loans #investmentAU #investmenttips #propertyinvestment #PropertyInvestment #MortgageTips #BankingStrategy #AustraliaProperty #InvestmentLending #FinancialPlanning #RealEstatelnvesting #InvestmentSuccess #RealEstate #LVR #HomeBuying #FinancialTips #PropertyPortfolio #Investing #Equity #Mortgage #FinanceTips

One of our very own achieving big things!! Congrats Nikhil 🥳🥳🏆🏆

Sydney home values drop as market slows down 🏡 ⬇️ National home values rose by 0.3% in October, marking 21 months of growth, driven by mid-sized cities like Perth (+1.4%). Sydney saw a 0.1% drop in home values in October, the first decline since January 2023 📉 Sydney's expensive areas fell by 0.6% in October and 1.1% over the last three months, while lower-priced areas rose by 0.5% 💸🏠 Tim Lawless, CoreLogic's Research Director, explains that the higher demand on low-value markets is due to lower borrowing capacity, affordability challenges, and more first-time buyers and investors 💡 With more listings available, buyers have more choice, slowing the market 🏡 🔑 Adapted from JD Capital #RealEstate #PropertyMarket #Homevalues #Homevaluelndex #November2024 #Sydney #CoreLogic #Investing #MarketTrends #PropertyGrowth #InvestmentTips #FinanceForTomorrow #finance #lending #MortgageBrokers

Today we remember our fallen service members for their ultimate sacrifice. #LestWeForget

The RBA has opted to hold the cash rate steady at 4.35%, despite the recent quarterly inflation figure, which is at a 3.5 year low of 2.8% being within RBA's target range. #financefortomorrow #mortgagebroker #sydney #propertyexpert #propertyfinance #homeloan #refinance #smsf

WHAT LOAN REPAYMENT TO GO FOR? 💵 The million dollar question that everyone’s always asking themselves! There are typically two loan repayment options: 1) principal and interest; and 2) interest only 💲 ➡️ Swipe through to understand the pros and cons of each to help you make the right choice! For a FREE consultation, get in touch with us and we’ll break down all the nitty-gritties for you ! 📞 0449 972 266 📧 info@financefortomorrow.com.au #financefortomorrow #mortgagebroker #sydney #propertyexpert #propertyfinance #homeloan #refinance #smsf

Wishing everyone happiness and joy during this year’s Diwali, festival of lights 🪔✨ #diwali #financefortomorrow #mortgagebroker #sydney #propertyexpert #propertyfinance #homeloan #refinance #smsf

It's time for a mortgage health check! 🏡 Are you confident that you're getting the best deal on your mortgage? Just like a regular health check, reviewing your mortgage is crucial to ensure it's in good shape! 🏦 At Finance For Tomorrow, we simplify the moetgage process to help review your mirrgage and find the best options for YOU 🫵 Our team of experts is here to guide you every step of the way 📈 Book an appointment and take control of your finances today! 💰 📞 0449 972 266 📧 info@financefortomorrow.com.au #financefortomorrow #mortgagebroker #sydney #propertyexpert #propertyfinance #homeloan #refinance #smsf

Big News for Home Buyers in Victoria! 🏡 The Victorian Government has just announced major cuts to stamp duty for off-the-plan properties, making it easier and more affordable to get into the property market! 🎉 For the next 12 months, ALL buyers are now exempt from stamp duty on off-the-plan apartments, units, and townhouses - no matter the price point. This move is designed to fast-track housing development and create more homes for buyers and renters across the state. With no cap on price and no restriction to first-home buyers, this is the perfect time to consider your next property move! 🚀 Premier Jacinta Allan stated that this measure will "unlock more homes for everyone" by reducing upfront costs and encouraging more building projects to get underway sooner. Whether you're a first-home buyer or thinking about downsizing, this could be the opportunity you've been waiting for!! 🏠✨ #financefortomorrow #mortgagebroker #sydney #propertyexpert #propertyfinance #homeloan #refinance #smsf

YOUR LOAN: YOUR STATE 🇦🇺 📝Stamp Duty Waivers: Thresholds Broken Down, State by State! 🏠💰 Looking to buy your first home or an investment property? Stamp duty waivers could save you thousands! But the eligibility criteria and thresholds vary depending on where you live in Australia. Here's a quick breakdown of some key info: 🔹VIC - Full waiver for homes up to $600K, with discounts up to $750K for first home buyers. 🔹NSW - Waivers for first home buyers on new homes up to $800K, with reduced rates up to $1M. 🔹QLD - No stamp duty for first home buyers on properties up to $700K. 🔹TAS - No stamp duty for first home buyers on properties up to $750K 🔹SA - Waivers for new homes under $650K And land waiver for under $400,000 🔹WA - First home buyers may be eligible for exemptions up to $450K. 🔹ACT - First home buyers earning less than $170,000 per year do not have to pay stamp duty for a owner-occupied property under $1,000,000 🔹NT - No stamp duty Waiver. Each state has different criteria, so make sure you check the rules in your state! Not sure if you're eligible? Each week over the next month we will do a break down for each state on the rules! Want to know sooner? Click the link in our bio and we can talk about! #financefortomorrow #mortgagebroker #sydney #propertyexpert #propertyfinance #homeloan #refinance #smsf