Matt Ewart - Prowest Financial Solutions

If you've got plans to secure a home loan, then one of the most important pieces of advice we can give is to start the process early.

Imagine getting to crunch time and missing out on your dream property because your finance isn't sorted, or having to go with your third choice of lender purely because they're the only ones who'll approve you in time. It happens!

Getting in touch with us sooner, rather than later, also means we can help you create the best impression with the lender - this preparation will ideally start months before you apply.

So, what are you waiting for?

No change to the cash rate today, with the RBA deciding to hold it steady at 4.35%.

They’ll meet again in August, and will be looking at whether the last three rate hikes have helped curb inflation as hoped.

If you’re wondering what this means for the lending landscape, now's a great time to speak with us to understand your options.

Reach out for a no strings chat.

The simple act of making your bed each day can be life changing. Truly. It's been linked to increased happiness, and decreased stress.

The thinking is that this small, disciplined act sets off a chain reaction of other proactive, Type-A behaviours.

Want to know another small, yet life-changing, act?

Booking in to get your finances in order. Whether you feel overwhelmed by debt, or want to build your property portfolio, big gains start with small steps.

What are you waiting for?⠀

It turns out that celebrating the little wins makes our day brighter and brings us closer to achieving our big goals.

How? The serotonin released when we give ourselves a congratulatory high five (or a celebratory toast) helps us stay motivated and propels us to the next little win, and the next one...until finally: We've made it!

What little wins are you celebrating right now on your way to that big goal?

Home loans can be complicated, but with the right strategy, you can make the most out of your investment.

Whether you're looking to pay off your mortgage faster, refinance your home loan, or renovate your property, we're here to help.

Our team of brokers can guide you through the process and provide you with personalised guidance to help you achieve your financial goals.

From negotiating a better interest rate to consolidating your debts, we're here to help you optimise your home loan and achieve a brighter financial future.

Drop us a message to find out more.

An offset account can be a powerful tool to reduce the interest you pay on your mortgage.

It’s like a savings account linked to your home loan, and the more money you have in your offset account, the less interest you pay.

For example, if you have $50k sitting in your offset account and a $900k mortgage, you'll only pay interest on $850k.

Curious about how much you could save? Let's chat about how an offset account can work for you.

Does your HECS debt impact your ability to get a home loan?

It can, in that it impacts your borrowing capacity. Borrowing capacity, by the way, is essentially 'how much the bank is willing to lend you'.

Instead of lenders looking at the entire HECS debt though, as they would with a credit card or personal loan, they're more interested in how much you're having to repay each month.

This means the degree to which your HECS debt impacts your borrowing capacity depends more on your income than the overall size of the debt.

Think of it this way, it's your HECS debt repayments that make the difference. The banks are interested in this amount because it affects how much cash you'll have leftover to pay your mortgage.

Get in touch to find out how much you could borrow for your new home.

While you don't necessarily need a 20% deposit for your home loan, your savings will play a part in the lender's decision to approve your application...or not.

Being able to show you're able to save money proves to the banks you're disciplined with your finances, which is a trait they find very attractive.

Get in touch for help putting together a savings strategy you can stick to.

Thank you so much for your feedback, Kristiana! It was our absolute pleasure to help you.

"I had a wonderful experience with Matt. He was very attentive to my needs and answered every question big or small at anytime. I never felt unheard or lost and would highly recommend his services."