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Monday 9am - 5:30pm Tuesday 9am - 5:30pm Wednesday 9am - 5:30pm Thursday 9am - 5:30pm Friday 9am - 5:30pm

Credo Financial Group

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Australia
Abbotsford, VIC
Credo Financial Group

Credo Financial offers a range of mortgage related services for businesses and consumers. Credo Fina

13/07/2022

Do you need a 20% deposit?

Short answer is: No. There are many other options available to you.

Having a 20% deposit for you home loan will, however, usually mean you won't incur Lenders Mortgage Insurance (LMI).

If you don't have a 20% deposit, you could look at:
- Taking out LMI
- Securing a waiver via your profession
- Using a guarantor

Get in touch to get home loan ready!

10/07/2022

A deposit bond is sometimes used by home buyers who can't pay the deposit to secure the property straight away.

It's an insurance policy, and it gives the vendor assurance you'll pay them at settlement.

It can be helpful if you're in the process of selling a property – and are waiting on funds to clear – or if you're buying off the plan, and would rather keep hold of the funds while the property is being built.

Note that not all vendors or real estate agents will accept a deposit bond. Get in touch if you'd like to understand more.

06/07/2022

Budgeting gets a bad rap.

The very word conjures up images of spreadsheets, having to save receipts, track every purchase, and generally kiss goodbye to any remotely frivolous (i.e. fun!) spending.

So, the 80:20 ration is a refreshing approach to budgeting.

Simply, it means diverting 20% of your income to savings, and then spending the other 80% however you like.

Tell us your favourite budgeting hacks in the comments!

04/07/2022

Planning to buy property in 2022? Whether it's your first home, or you're a seasoned investor, choosing the 'right' property has its challenges.

Here are five aspects to consider:
- Condition: Will the property need expensive repairs soon?
- Regulations: Are there planning restrictions or caveats in place?
- Transport: Is there quality public transport in the area?
- Development: Are there any large scale developments underway?
- Amenities: Is the area suited to your lifestyle needs?

30/06/2022

How your loans are structured is more important than any single feature – yes, even the interest rate.

Any broker can source the 'cheapest' loan, but it takes real expertise to structure your loan, or loans, in a way that supports your overarching strategy.

- Do you want to buy an investment property down the track?
- Are there businesses or family trusts to consider?
- Is it more important to maximise cash flow, or pay down the loan ASAP?

Get in touch if you'd like to understand what we can help you achieve.

27/06/2022

A home loan is not something to set and forget.

Why? Because rates change, new products enter the market, and people's situations evolve.

This is why we keep in touch with our clients long after they're approved for their first home loan.

Get in touch to get started.

24/06/2022

Getting a pre-approval is definitely a good idea, but it doesn't mean you're guaranteed a formal approval.

Pre-approvals are often system-generated, and if your situation isn't cookie cutter, you may get tripped up when it comes to the formal assessment of your home loan application.

Get in touch for tailored guidance.

20/06/2022

It's a maze out there in home loan land. There are dozens of lenders, each with multiple finance products.

If you'd like to spare yourself hours of research, get in touch with us to understand your options.

17/06/2022

We give you clarity on the nitty gritty, so you can be empowered to make the big picture decisions.

Get in touch to start the conversation.

13/06/2022

To inspire you to live your best life in 2022, here are our top five book recommendations on mindset and goal setting:

1. Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear
If you find it hard to change your habits, this book is for you.

2. Made to Stick: Why Some Ideas Survive and Others Die by Chip Heath and Dan Heath
Teaches you how to make your own amazing ideas stick.

3. Creating Your Best Life: The Ultimate Life List Guide by Caroline Miller and Dr. Michael Frisch
Science meets practice to work out your needs, ambitions and wants.

4. Thinking, Fast and Slow by Daniel Kahneman
Embark on a tour of your mind and understand the systems that drive the way you think.

5. The Mountain Is You: Transforming Self-Sabotage Into Self-Mastery by Brianna Wiest
Looks at why we self-sabotage, when we do it, and how to stop it.

Have you already read some of these?

12/06/2022

A home loan doesn't have to be forever.

If you're keen for an early release, speak to us about how to pay down your loan sooner.

By reviewing your loan, and then negotiating on your behalf, we may be able to help you secure a more competitive deal.

Get in touch to find out more.

09/06/2022

Home loan land is ultra competitive, and many lenders will offer you a honeymoon rate to win your business.

These special rates are usually only valid for the first 12 months of your loan, so when you're doing your calculations, make sure you give yourself a buffer to be able to comfortably afford your loan repayments long after the honeymoon is over.

Address

47 Russell Street
Abbotsford, VIC
3067

Opening Hours

Monday	9am - 5:30pm
Tuesday	9am - 5:30pm
Wednesday	9am - 5:30pm
Thursday	9am - 5:30pm
Friday	9am - 5:30pm

Website

http://www.credofinancial.com.au/

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