The Good Finance Guys

24/03/2020

Dear Customers, colleagues & Friends

We are here for you. We are here to Serve you. We are here to hear your concerns. We are here to guide you & give tips. We are here to assist you.

These have been very uncertain & extremely challenging times for all of us. Until now no one knows how this will play out. We take this opportunity to thank all workers from health services, Police, Defense, Public services & other essential services who are working tirelessly & fearlessly for the community.

We think of our clients & are available for any assistance that we can provide. Some of you have already called me to exchange views & thoughts about current situation & its impacts. As always for the last 12 years, we are here for you to hear your concerns, guide, provide tips & help in any way we can. My phone is always on & I will be accessible by most popular messaging apps. Keeping in line with regulations issued by Health Authorities, we are avoiding face-to-face checks with current & potential clients. We are here to assist with your queries on current & potential borrowing/loans, loan relief packages/measures, payment deferral etc. As always, we bring utmost transparency, compassion & empathy to our business dealings. These have been the foundation of our business which has resulted in so many satisfying relations with our clients over the years.

We request all our customers to stay safe for the sake of your own family & for the sake public at large. We would love to hear from you & stay in touch.

Sameer Desai
0400862547
[email protected]

02/07/2019

https://www.linkedin.com/pulse/what-does-recent-rba-rate-cut-mean-borrowers-sameer-desai

Reserve Bank of Australia (RBA), yet again demonstrates its commitment to stimulate the economy by cutting the official rate to a record 1%. However, the rate cuts may not reach the intended recipients i.

04/06/2019

Eid Mubarak to all from the team at The Good Finance Guys.

02/03/2018

Australian has recently introduced Comprehensive Credit Reporting (CCR), positive credit reporting is a new credit reporting system. This system is intended to make it easier for lenders to make a comprehensive and balanced assessment of a borrower applicant’s credit history. The credit report now includes information about current accounts you hold, what accounts have been opened and closed, the date that you paid any default notices, and how well you meet your repayments. In brief, following additional information will be made available by your lender to Credit rating agencies such as Equifax (previously Veda) and Dun & Bradstreet. The new categories of information included in your credit file under CCR include repayment history information and consumer credit liability information. Repayment history information includes:
• Repayment history for credit accounts such as credit cards, home loans and personal loans
• Whether you have made a payment or minimum payment required
• Whether the repayment was made on time or not
USA and UK are amongst other countries that use CCR. It is expected such a system will allow
consumers to use their positive credit rating as leverage when looking for a loan. Consumers with high credit rating/score will be paying lower interest rates, fees for their loans, it is anticipated. However, it may take a long time and some resistance for this to happen in reality. A credit rating or “credit score” is a numerical score that represents how trustworthy your reputation is as a borrower. Essentially, your credit score sums up the information on your credit report into one number. The higher the score, the more credit-worthy you are. It ranges between 0 – 1200.

Consumers have to be aware of their liabilities and should avoid higher limits on credit cards, unwanted personal loans etc. CCR also provides an opportunity to prospective borrowers to build their history and achieve a higher score so they can get be eligible for better terms on their finance. As this happens, a whole new world of lending will open up to cate to those borrowers who don’t meet Banks lending criteria. Australian market needs more competition in lending space so borrowers have a wider choice to seek finance.

Note: The thoughts and views expressed are personal and do not reflect the views of the Mortgage industry. This article is not a guide or advice of any type.

31/12/2017

The team at Good Finance Guys wish you and your dear ones, a terrific 2018 filled with Wisdom, Prosperity, Joy and Peace. You can always depend and count on us for delivering financial wisdom and efficiently assist with your financial goals. Remember, 2018 is the year to be financially ready to acquire real estate assets and small businesses. New year brings meanigful opportunities to prepared investors. So, Get ready.

11/09/2017

http://www.smh.com.au/business/the-economy/sorry-but-using-migration-to-boost-growth-isnt-smart-20170909-gye6tg.html

Bizonomics backs more population growth but maybe we shouldn't.

09/08/2017

https://www.theurbandeveloper.com/independent-planning-panels-now-mandatory-sydney-councils/?subscribe=subscriber_no_lightbox&utm_medium=email&utm_campaign=100817%20NSW&utm_content=100817%20NSW+CID_f9220342783f8cb83d08a40444d34a0a&utm_source=Campaign%20Monitor&utm_term=Councils%20Stripped%20Of%20DA%20Powers%20In%20NSW

Independent Hearing and Assessment Panels will become mandatory for all councils in Sydney and Wollongong in the name of better local planning decisions.

18/09/2015

Real Estate agents are bound to tell the price estimate to the potential buyers / bidders. They cant keep the buyers in the dark with a guessing game. Not ethical. click this to listen and read what minister has to say
http://www.domain.com.au/news/real-estate-agents-who-cant-give-an-estimated-selling-price-are-in-the-wrong-game-20150911-gjkikx/

With proposed new laws aimed at stamping out underquoting passing through the lower house of parliament this week, the NSW government has a blunt message for real estate agents.

15/09/2015

What does it REALLY mean for you to invest in this market? what are the appropriate real estate investments you can consider leveraging your current position? We are being faced with numerous questions from a wide range of our clients and EVERY ANSWER IS UNIQUE based on respective situation. If you have questions write to me on [email protected]

11/09/2015

Recent Changes in the residential Investment Finance Industry affect a lot of people in different ways. Understand how your finances may be affected and ways to get them in order, do call us on 0400862547.

04/06/2015

Major regulatory and lending changes to the Investment Loans. How to ensure you are doing it right and still get benefited with the investment related benefits. Also talk to us about buying off the plan in some hot spot suburbs.