Frank 'The Bank' Barragan

⛔️ Worried about getting knocked back for a home loan? ⛔️⁣ ⁣ Fear of rejection has stopped 1-in-5 Aussies from applying for finance in the past year, according to Finder.⁣ ⁣ Apparently, one big concern is that a knock back could impact a borrower’s credit score.⁣ ⁣ Let’s set the record straight. 💪⁣ ⁣ It is applying for a loan that could impact your score - not whether you’re approved or rejected.⁣ ⁣ So it makes sense to keep applications to a minimum. ⁣ ⁣ Better still, stick to one, and get it right the first time. ✅⁣ ⁣ Call us today to find out if you’re in a good position to land a home loan, and give fear of rejection the flick. 👇⁣ ⁣ To find out more, DM us or contact Frank on: ☎️ – 0418 250 299 💻 – frankthebank@loanwhichloan.com.au #loanwhichloan #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans

Thinking of holding off buying until interest rates fall? Wait until you see what could happen to home prices. Here’s why it could make sense to buy sooner rather than later if you’re home loan-ready. 🏡⁣ ⁣ https://lnkd.in/g-4RGdUS

🇳🇿 Home Guarantee Scheme now open to Kiwis 🇳🇿⁣ ⁣ Great news for New Zealanders wanting to buy their first home in Australia!⁣ ⁣ You could be eligible for Australia’s low deposit home buying scheme. 🏡⁣ ⁣ The Home Guarantee Scheme (HGS) allows eligible first home buyers to get into the market with just a 5% deposit.⁣ ⁣ Or just a 2% deposit if you’re a single parent.⁣ ⁣ Better yet, you don't pay lenders mortgage insurance. ⁣ ⁣ Kiwis with a 'Special Category Visa 444' are now eligible for the HGS - but don't let the word 'special' fool you.⁣ ⁣ It's just the main visa Kiwis get upon arrival when visiting Australia and allows them to visit, study, stay, and work.⁣ ⁣ Give us a call today to find out if you're eligible to buy a home in Oz with just a 5% deposit. 👇⁣ ⁣ To find out more, DM us or contact Frank on: ☎️ – 0418 250 299 💻 – frankthebank@loanwhichloan.com.au #loanwhichloan #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans

🏡 Buying an investment property using your home’s equity 🏡⁣ ⁣ More than one-in-five Australians (21%) aspire to own investment properties to build their wealth, according to MLC’s Financial Freedom report.⁣ ⁣ And that goal for current homeowners might be more reachable than you think. 🤨⁣ ⁣ You see, national property prices have increased 13.5% since January 2023, and CoreLogic’s latest Pain and Gain report reveals that homes sold in the first quarter of 2024 made a median profit of $265,000. ⁣ ⁣ But you don't need to sell your family home to tap into any potential rise in equity your home has experienced.⁣ ⁣ By refinancing, you can essentially cash out a decent portion of the equity and use it to invest in an investment property, shares, super or even a renovation.⁣ ⁣ To find out how you could leverage your family home's equity, give us a call today. 👇⁣ ⁣ To find out more, DM us or contact Frank on: ☎️ – 0418 250 299 💻 – frankthebank@loanwhichloan.com.au #loanwhichloan #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans

Remember the first time you stepped into a gym? It’s unlikely you swaggered your way over to the free weights rack and started busting out squats. Well, it turns out buying your first home can be just as daunting, with 91% of first-home buyers turning to a mortgage broker for guidance. 💪⁣⁣ ⁣⁣ https://lnkd.in/gp-mqwmR

✂️ Could you cut $280 off your monthly repayments? ✂️⁣ ⁣ After a string of cash rate hikes, research shows mortgage holders could be paying an interest rate of up to 7.11%, says RateCity.⁣ ⁣ But the average rate for new home loan borrowers is currently 6.3%. ⁣ ⁣ That's a pretty big difference. 😅⁣ ⁣ On a loan of $600,000, refinancing or renegotiating to a lower rate of 6.37% (and that's being conservative) could cut $280 off monthly repayments.⁣ ⁣ Call us today to find out if you could cut back your mortgage repayments by refinancing. 👇⁣ ⁣ To find out more, DM us or contact Frank on: ☎️ – 0418 250 299 💻 – frankthebank@loanwhichloan.com.au #loanwhichloan #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans

🤔 Should you go interest-only on your home loan? 🤔⁣ ⁣ Up to 1-in-5 home owners are switching to interest-only payments, according to Finder.⁣ ⁣ Going interest-only can lower your monthly repayments for a set period of time. ⁣ ⁣ But the short term gain can come with long term pain, including: ⁣ ⁣ 😐 the principal amount won't reduce during the interest-only period⁣ 😬 you'll likely face higher repayments once the interest-only period finishes⁣ 🙃 you'll probably have to pay a higher interest rate during the interest-only period⁣ 🤔 you'll possibly pay more interest over the life of the loan.⁣ ⁣ Still, if things are really tight right now, it can get you out of a pinch.⁣ ⁣ If you’ve been thinking of going interest-only, talk to us to explore all your options to help manage your mortgage. 👇⁣ ⁣ To find out more, DM us or contact Frank on: ☎️ – 0418 250 299 💻 – frankthebank@loanwhichloan.com.au #loanwhichloan #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans

#Reeltalk: Social media reels can be fun, fast and free – but it’s important to be picky about whose content you’re viewing, especially if you’re in the market for a home loan. 🏡⁣ ⁣ https://lnkd.in/gsqVAsMS

🥸 How old is 'too old' for a home loan? 🥸⁣ ⁣ From divorce to downsizing there can be many reasons why over-50s need a home loan.⁣ ⁣ Rest assured there's no definitive cut-off age, and lenders can’t discriminate based on a borrower’s age. 🙌⁣ ⁣ But if you’re aged 55-plus you might have to jump through a few more hoops.⁣ ⁣ Banks will want to see you have the income to manage a home loan. ✅⁣ ⁣ You may also need an exit strategy that shows how you’ll pay off the loan when you’re ready to hang up your work boots.⁣ ⁣ Talk to us to make the journey smoother.⁣ ⁣ We’ll help you find a loan that’s suited to your needs and life situation. 👇⁣ ⁣ To find out more, DM us or contact Frank on: ☎️ – 0418 250 299 💻 – frankthebank@loanwhichloan.com.au #loanwhichloan #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans

🏡 More first home buyers are turning to rentvesting 🏡⁣ ⁣ There's been a 25% jump in first home buyers choosing to buy a rental property rather than a home to live in, according to ABS data.⁣ ⁣ It can be a win-win strategy. ✅ ✅⁣ ⁣ Rent where you want to live. ⁣ ⁣ Buy where you can afford, and use rental income to help pay the mortgage. 🏘⁣ ⁣ It’s not for everyone but it can be a start on the property ladder.⁣ ⁣ And that matters when home prices are rising. 📈⁣ ⁣ Call us to find out if rentvesting could work for you. 👇⁣ ⁣ To find out more, DM us or contact Frank on: ☎️ – 0418 250 299 💻 – frankthebank@loanwhichloan.com.au #loanwhichloan #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans