$25,000 HomeBuilder Grant – Economic Stimulus Package

The HomeBuilder grant will pledge $25,000 to eligible Australians who are building or renovating their house. As part of the Economic Stimulus Package, the Federal Government has just announced the measure to provide assistance to individuals who sign a building contract between June 4, and December 31, 2020. Background The scheme aims to give a…

Exclusive Refinance and Loan Offerings – June

Morrows Lending Solutions has become aware of several exclusive and valuable refinance and loan offers which may be of interest to our clients during this time. Given the current economic conditions, many are feeling financially strained. In these circumstances, it’s crucial to review your situation, including your loans, because there may be options available to…

Financing Options Update: COVID-19

The current economic climate is severely impacting people’s personal finances. In this time of monetary stress, it’s extremely wise to review your financial situation. Emergency planning is an unfortunate necessity now – many are facing uncertainty in their jobs and income. Prepare for hardship before it becomes too difficult to manage. Morrows Lending Solutions are…

RBA Slashes Interest Rates 0.25% Cut for New and Existing Borrowers

Tuesday March 3rd In response to the RBA reducing official interest rates, all banks have passed on the full 0.25% cut for their existing and new borrowers. This puts most variable home loan rates with principal and interest repayments at around 2.8% per annum. Even commercial loans are in the mid 3% range. If you’ve…

What You Stand to Lose by Not Refinancing

Mortgage holders who never refinance their home loans can miss out on savings and equity worth potentially tens of thousands of dollars over their loan term. Refinancing can provide homeowners with exceptional financial benefits. Those seeking to take equity out of their home or make modifications to their loan repayments might consider refinancing. The process…

Exclusive Refinance and Loan Offerings

The team from Morrows Lending Solutions has sought some of the most exclusive and valuable refinance and loan offerings currently on the market. We’re excited to be able to bring these to you, our clients.

Ways Young Professionals Can Secure a Low or No Deposit Loan

For young professionals, entry into the property market is an exciting and daunting prospect. For many, the biggest consideration and obstacle to doing so is saving 20% of a property’s value for a house deposit. The mean average price of a house in Australia currently sits at around $660,000, meaning a 20% deposit will require…

Reducing the Bill Shock of Interest-Only Loans

According to the Reserve Bank of Australia, the next three years will see $360 million worth of property loans roll over from interest-only to principal-plus-interest. The average borrower will need to find another $7,000 per annum to service the increased repayments. Interest-only loans have been particularly popular among Australians looking to enter an extortionate property…

How Accountants Can borrow 90% of a Property’s Value Without Taking on Lenders Mortgage Insurance

Accountants and other financial professionals are well known by banks to be low risk borrowers, due to their long-term career prospects and high-income earning potential. With the property market starting to improve and interest rates at an all-time low, now may be the time for accountants to consider purchasing property. Do you need to take…

7 Secrets on Getting Your Loan Approved

Since the Royal Commission, there has been an increased pressure on loan facilitators to meet the guidelines suggested by the National Consumer Credit Protection Act. Under this, lenders are required to take steps to ensure consumers do not experience financial hardship when entering a contract. Therefore, it is crucial that loan seekers understand the assessment…

Why not all debt is equal

Believe it or not, not all debt is bad and so not all debts are created equal. Although we all find it satisfying to see our debts in decline simultaneously, perhaps it is not the most effective strategy. Rather, it can be more advantageous to identify and categorise your debts according to their interest obligations…

What to expect from your finance consultant

Are you looking to make a sizeable purchase that will require financing? Like the majority of people in your situation, you might be considering to use a broker to assist you to complete the transaction. However with so many to choose from, how do you know you are getting value for money? To ensure you…

How it can take a whole family to buy a house

The rapid inflation of housing prices has left younger generations with the harsh reality that purchasing their own home could be out of their reach indefinitely. While saving enough to just afford the deposit can be a daunting task in itself, there is an alternative method: Family Pledge loans. While traditional methods of sourcing loans…