MAGAC Money Solutions Pty Ltd’s Post

💡 Fixed vs. Variable Rate—Which is the better choice for your home loan? Choosing between a fixed and variable rate depends on your financial goals and comfort with potential rate changes: * Fixed Rate: Enjoy stability with the same repayment amount each month for the term you lock in, such as 2 years—no surprises! * Variable Rate: Repayments can change as interest rates fluctuate. If the Reserve Bank lowers rates and your bank passes it on, you benefit. But there’s also a risk of paying more if rates increase. If you’re considering fixing, remember that breaking the contract early (like selling the property) can come with penalties. I’m here to help you weigh the pros and cons based on your unique situation. Let’s chat if you have any questions or need guidance on choosing the right option! #FixedRate #VariableRate #MortgageAdvice #HomeLoanOptions #FinancialPlanning #YuvalBloomfield #FirstStreetFinancial

Your debt-to-income (DTI) ratio is an important piece of financial information that will help you and your personal loan advisor determine how much you can afford to invest in a home. The ratio takes into account all of your monthly debt (what is found on your credit report), your monthly income and the monthly payment of your new home. To calculate your debt to income ratio: Divide your total monthly obligations by your gross monthly income (before taxes). Ideal DTI: An ideal back ratio is no higher than 43%, but other ratios are often accepted. Read more here: https://lnkd.in/gD8a9uki #apm #americanpacificmortgage #APMresults #ComeHomeToAPM #creatingexperiencesthatmatter #makingadifference #APMdifference #changinglives #homefinancing #WeBringPeopleHome #thejoyofhomeownership #myriamramirez

With economists predicting more rate rises on the way, here are five ways to protect yourself to make sure you can live with your home loan. 👉Consider refinancing your loan if you've had it for a couple of years, or if your situation has changed. 👉Make extra repayments now to get ahead on your repayments. 👉Reduce your expenses by shopping for a better deal on utilities and insurance. 👉Consolidate your debts to reduce fees and interest repayments. Speak to an expert (us!) to get clear on your options. 👉www.prowestfs.com.au #australiansmallbusiness #homeloans #australianhomes #finance #applecross #canninghwy #perth #bicton #ardross #mortgagetips #mortgagerates #loanadvice #refinancing #mortagetalk #homeloanrefinance #homeloantips #financeadvice #debtfree #australianmortgage

This video explains the most common types of mortgages: Fixed Rate, ARM, Balloon and 2-Step. See Full Video https://wi.st/3J0P4OM Let's Connect! https://lnkd.in/eWHgmyxs #mortgagerates

This video explains the most common types of mortgages: Fixed Rate, ARM, Balloon and 2-Step. See Full Video https://wi.st/3J0P4OM Let's Connect! https://lnkd.in/eWHgmyxs #mortgagerates

🧐 Did you know: Buy Now, Pay Later services can affect your borrowing power when it comes time to apply for a home loan. Yes, it can affect your chances of home loan approval. 👉 It could affect your credit score. 👉 It could be a signal to banks that you’re not great at managing your finances. Whilst it won't completely diminish your chances or automatically decline your application, it is something to keep in mind when you're looking to invest. Talk to Teo today to find out what this means for you: ☎️0419 512 833☎️ 📧 Teo@mkslending.com.au 📧 #MKSLending #interestrates #interestrate2024 #RBA #inflation #rbacashrate #cashrate #unchangedcashrate #mortgagebroker #smallbusiness #smallbiz #mooneeponds

This video explains the most common types of mortgages: Fixed Rate, ARM, Balloon and 2-Step. See Full Video https://wi.st/3J0P4OM Let's Connect! https://lnkd.in/eWHgmyxs #mortgagerates

How to calculate your debt-to-income ratio? Let’s break it down: 1️⃣ Add up all your monthly debts (like car payments, credit cards, loans). 2️⃣ Take your gross monthly income (before taxes and deductions). 3️⃣ Divide your total monthly debts by your gross monthly income. 4️⃣ Multiply the result by 100 to get a percentage. This number helps lenders see how much of your income goes toward debt each month. Got questions? We are here to help! ❤️ Like this post and 💾 save for future reference. Share with anyone you know who might benefit from this info. Follow → @richardsonteam4loans for your daily mortgage tips! #markanddarci #richardsonlendingteam #mortgageexpert #mortgagespecialist #mortgageadvice #HomeBuyingTips #homeloans #HomeBuying101 #FinancialTips

Struggling to manage multiple debts? Feeling overwhelmed by keeping track of various payments and high-interest rates? It might be time to consider a debt consolidation loan. Andre Deleo explains the three most common signs individuals face when it's time to get a debt consolidation loan. We've just released an article explaining these signs, along with a few others Canadian homeowners are facing. Read the full blog to learn more! ➡️ https://lnkd.in/gQNMfi4x 📲 Contact us today for a free consultation and take the first step towards financial freedom! #DebtConsolidation #FinancialFreedom #Morgix #MortgageTips #MortgageAdvice #MortgageBroker #Mortgage

Everything you need to know about rental cash damming. What can you expect? There are so many benefits of structuring your investments with the cash damming strategy in mind: Accelerated Mortgage Reduction: Utilize rental income to rapidly decrease your primary residence mortgage. Debt Conversion: Transform non-tax-deductible personal debt into business debt that offers tax advantages. Tax-Deductible Interest: Deduct HELOC interest charges from your gross income for significant savings. Enhanced Tax Refunds: Channel your tax refunds towards your primary mortgage, speeding up its repayment without increasing your debt. Optimized Debt Efficiency: Keep your debt level stable while maximizing its potential to boost your financial growth. #taxstrategies, #investmentstrategies #mortgagetipsandtricks #waterloorealstate #investmentproperties #wealthinrealestate