Orama Finance

🎄Season's greetings and happy holidays! ⛱⁣ ⁣ Thank you for all your support throughout 2024! Wishing you a wonderful Christmas and New Years holiday break 🙌⁣⁣ ⁣⁣ We hope we helped make your mortgage and finances a little easier to stay on top of throughout the year! 😁⁣⁣ ⁣ Here's hoping for a few rate cuts in 2025! 😅⁣⁣ ⁣⁣⁣ From the team @ Orama Finance

🙌 Home buyers shift strategies, more go solo 🙌⁣ ⁣ A whopping 40% of first home buyers purchased a property on their own in the first six months of 2024, according to CommBank data.⁣ ⁣ How did they do it? 🤔⁣ ⁣ Well, apparently 45% of first home buyers are now using government-funded guarantees to get into the market.⁣ ⁣ That means tapping into initiatives like the First Home Guarantee, which requires just a 5% deposit and no lenders mortgage insurance.⁣ ⁣ Or 2% for single parents.⁣ ⁣ Contact us today to find out how you could get into a place of your own sooner. 👇⁣ ⁣ To find out more, DM us or contact Orama Finance on: ☎️ – 1300 167 262 💻 – hello@orama.finance #oramafinance #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #goldcoast #goldcoastproperty #goldcoastrealestate #goldcoastmortgagebroker #goldcoastfinance #goldcoastbroker #goldcoastloans #goldcoastlocal #qld #qldbroker #qldproperty #qldrealestate

🤔 What’s the deal with negative gearing? 🤔⁣ ⁣ Negative gearing was back in the headlines again recently but what’s it all about?⁣ ⁣ ‘Gearing’ simply means borrowing to invest. 🏡⁣ ⁣ ‘Negative gearing’ is where the costs of owning the property, such as loan interest, council rates, insurance and so on, exceed the rental income the property generates.⁣ ⁣ The investor then claims a loss on the property via their tax return (even though the property’s value, aka capital gains, might have increased during that period).⁣ ⁣ The advantage of negative gearing is that this loss can be offset against other income including your regular wage or salary. ⁣ ⁣ The end result is the potential to save on your annual tax bill. 📉⁣ ⁣ Interested in finding out more about buying an investment property?⁣ ⁣ Talk to us about an investment loan to help get you started. 👇⁣ ⁣ To find out more, DM us or contact Orama Finance on: ☎️ – 1300 167 262 💻 – hello@orama.finance #oramafinance #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #goldcoast #goldcoastproperty #goldcoastrealestate #goldcoastmortgagebroker #goldcoastfinance #goldcoastbroker #goldcoastloans #goldcoastlocal #qld #qldbroker #qldproperty #qldrealestate

🏡 Struggling to buy your first home? 🏡⁣ ⁣ Did you know 1-in-3 first home buyers get government support to buy their first home? (Housing Australia stats).⁣ ⁣ They're supported by the federal government’s Home Guarantee Scheme (HGS) - which allows first home buyers to purchase a home with just a 5% deposit and not pay lenders mortgage insurance (LMI).⁣ ⁣ Last financial year, the scheme helped more than 40,000 first home owners enjoy a place of their own.⁣ ⁣ Contact us today to find out if you’re eligible for the scheme to get started with a 5% deposit. 👇⁣ ⁣ To find out more, DM us or contact Orama Finance on: ☎️ – 1300 167 262 💻 – hello@orama.finance #oramafinance #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #goldcoast #goldcoastproperty #goldcoastrealestate #goldcoastmortgagebroker #goldcoastfinance #goldcoastbroker #goldcoastloans #goldcoastlocal #qld #qldbroker #qldproperty #qldrealestate

🤔 Fixed rates are down. Will variable be next? 🤔⁣ ⁣ A number of lenders recently cut their fixed rates - by more than half a percent in some cases, according to Mozo.⁣ ⁣ Why does that matter?⁣ ⁣ Fixed rates can signal where lenders see interest rates are heading. 📉⁣ ⁣ Already, our big banks are expecting rate cuts between now and mid-2025.⁣ ⁣ And right now though, some lenders' fixed rate home loans are lower than their variable rate options.⁣ ⁣ Not comfortable fully locking in your home loan rate? 😅⁣ ⁣ Talk to us about splitting between fixed and variable rates - it can give you the benefits of both.⁣ ⁣ To find out more, DM us or contact Orama Finance on: ☎️ – 1300 167 262 💻 – hello@orama.finance #oramafinance #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #goldcoast #goldcoastproperty #goldcoastrealestate #goldcoastmortgagebroker #goldcoastfinance #goldcoastbroker #goldcoastloans #goldcoastlocal #qld #qldbroker #qldproperty #qldrealestate

🏡 Can’t afford to buy in your preferred area? 🏡⁣ ⁣ It could be time to consider a ‘dupe’ suburb.⁣ ⁣ These are locations close to more expensive areas that let you enjoy the same lifestyle without the high price tag. 👍⁣ ⁣ Even better, gentrification tends to spread. ⁣ ⁣ So today’s dupe could be tomorrow’s property hotspot. 🙌⁣ ⁣ How to pick a dupe?⁣ ⁣ Look for postcodes close to suburbs that have seen big gains in house prices or recent development. ⁣ ⁣ Better yet, PropTrack has a handy interactive property price tool that reveals the most expensive and affordable pockets in each suburb across the country.⁣ ⁣ DM or contact us and we'll send you a direct link to it. 👇⁣ ⁣ To find out more, DM us or contact Orama Finance on: ☎️ – 1300 167 262 💻 – hello@orama.finance #oramafinance #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #goldcoast #goldcoastproperty #goldcoastrealestate #goldcoastmortgagebroker #goldcoastfinance #goldcoastbroker #goldcoastloans #goldcoastlocal #qld #qldbroker #qldproperty #qldrealestate

🙌 4 ways to save up a deposit sooner 🙌⁣ ⁣ It takes 5.6 years on average to save a 20% deposit, according to recent PropTrack data.⁣ ⁣ But why wait that long if you don't need to? Here are 4 ways you could save up a deposit sooner.⁣ ⁣ ✅ Pay LMI: some lenders accept a 5% deposit if you pay lenders mortgage insurance (LMI).⁣ ✅ Get a guarantor: can a close relative guarantee your loan? It could let you buy with a 5% deposit and no LMI.⁣ ✅ The First Home Guarantee scheme: the government guarantees your loan, so you can buy with a 5% deposit and zero LMI.⁣ ✅ Use your super account: fast-track your savings by making use of the First Home Super Saver Scheme.⁣ ⁣ Call us to know which pathway could work for you. 👇⁣ ⁣ To find out more, DM us or contact Orama Finance on: ☎️ – 1300 167 262 💻 – hello@orama.finance #oramafinance #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #goldcoast #goldcoastproperty #goldcoastrealestate #goldcoastmortgagebroker #goldcoastfinance #goldcoastbroker #goldcoastloans #goldcoastlocal #qld #qldbroker #qldproperty #qldrealestate

There are few better ways to beat the summer heat than floating in your very own pool. With a range of price points to choose from, a pool can be affordable, but will it add value to your property? 🏊♀️

🤳 TikTok vs talking to your broker 🤳⁣ ⁣ TikTok and Instagram Reels are fun, fast and free.⁣ ⁣ But if you’re looking for help with your home loan it's important not to just take information you discover during a random scroll as gospel.⁣ ⁣ Try to stick with posts from a licensed Australian mortgage broker. 👍⁣ ⁣ We have strict rules to follow on social media.⁣ ⁣ But you obviously can't control what's fed to you by the algorithms. ⁣ ⁣ So if you do come across financial content created by people based outside Australia, just know that in many countries the rules are far less rigid, different, or non-existent at all.⁣ ⁣ If you're ever in doubt about what you've seen, pick up the phone and give us a call.⁣ ⁣ Sure, we’d (probably) lose in a dance-off against your average TikTok creator. 😅⁣ ⁣ But we can provide you with home loan information tailored to your situation. 👇⁣ ⁣ To find out more, DM us or contact Orama Finance on: ☎️ – 1300 167 262 💻 – hello@orama.finance #oramafinance #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #goldcoast #goldcoastproperty #goldcoastrealestate #goldcoastmortgagebroker #goldcoastfinance #goldcoastbroker #goldcoastloans #goldcoastlocal #qld #qldbroker #qldproperty #qldrealestate

🤔 Is now a good time to buy? 🤔⁣ ⁣ One-in-three people don't think so, according to PropTrack research (which means about two-in-three do). 😅⁣ ⁣ If you're in that one-in-three group: rest assured it’s natural to have doubts - a home is a big commitment after all.⁣ ⁣ But uncertainty can mean sitting on the fence much longer than you need to.⁣ ⁣ And the longer you delay, the more house prices may rise. 📈⁣ ⁣ So how do you know when's the ‘right’ time to buy?⁣ ⁣ The short answer is: it's when you’re ready to do so.⁣ ⁣ Call us today to find out if you’re home loan-ready - finding out might just give you that extra confidence you need to take the leap. 👇⁣ ⁣ To find out more, DM us or contact Orama Finance on: ☎️ – 1300 167 262 💻 – hello@orama.finance #oramafinance #brokersworkforyou #localmortgagebroker #homeowner #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #goldcoast #goldcoastproperty #goldcoastrealestate #goldcoastmortgagebroker #goldcoastfinance #goldcoastbroker #goldcoastloans #goldcoastlocal #qld #qldbroker #qldproperty #qldrealestate