Your Finance People

18/05/2026

05/04/2022

Did you know a lot of home owners overpay on their mortgage?

Could a better deal put an extra $250+ per month back into your pocket?
We offer a free Loan Comparison Service to see if switching could save you hundreds per month. Private message me today to get a free loan comparison!

05/04/2022

20 cents a litre saved in a car with a 100 litre tank equates to $20.00 if you filled the car up from empty. If you did that once a week, it’s $1000 each year. Yep, that’s a lot of money.

People will queue at this servo (I know this place well) for 20 minutes to get that bargain, but they won’t bother “wasting time” to engage a broker (for free!) to investigate refinancing their home loan and saving them thousands each year in interest.

They’re not mutually exclusive folks, we’d love you to do both 😊

A Central Coast petrol station has sent motorists into a frenzy - selling fuel more than 20 cents below the region's average. Drivers have flocked to the West Gosford Metro after weeks of record high prices.

01/03/2022

As expected, the Reserve Bank today confirmed that the official cash rate will remain at 0.10%.

Markets have been speculating about an increase in rates as early as June this year, due to inflation being within the RBA’s targeted band of 2-3%.

Signs of inflationary pressure are under scrutiny, particularly, any price rises due to commodity supply chain issues resulting from Russia's invasion of Ukraine and the flood disasters in Queensland and Northern NSW.

Your Finance People’s brokers work with a large panel of lenders, from the “Big Four”, to more specialised lenders, and with these historic record-low rates, they can find you just the right product now.

29/01/2022

I drove past a petrol station on the NSW Central Coast today where (as it does every day there) the queue ran out onto the three lane highway and almost 100m down the road, all for petrol that was 10c a litre cheaper than the average price.

And it made me think. Why do so many people put so much time and energy into saving $5-$10 on their fuel, but can’t be bothered to spend that same time or energy on asking a finance broker to save them potentially THOUSANDS of dollars a year on their mortgage repayments, and all without charging them a cent?

If you’re interested in someone finding how they can save you money on your mortgage, all at no charge, please reach out to us at Your Finance People.

07/12/2021

The RBA today confirmed the official cash rate would remain at 0.10%.

This came as no surprise as it had already declared that to consider an increase it needed to see underlying inflation between 2% and 3% on a sustainable basis, full employment and materially higher wages growth.

Increases to the total inflation rate of the nation, primarily impacted by rising costs of fuel and new housing, have increased speculation that rates may rise before the RBA's forecast date of 2024.

Home loan interest rates are still at historic lows, however, this speculation has seen some lenders increase their fixed rates.

We recommend reaching out to your mortgage broker or Lender to have a conversation about your mortgage, and how these rate narratives may impact your borrowing capacity to invest in the future.

04/10/2021

Myths about mortgage brokers

Wary about engaging a mortgage broker to see you through the loan application process? There are numerous myths about mortgage brokers that have put people off using their services. Here we debunk some of the more common myths so you can see how a mortgage broker can help you secure the best possible loan for your next property purchase.

1. Mortgage brokers are aligned with one particular lender
Many people believe that mortgage brokers are simply a “front” for a specific lender, so their job is to lure you to that lender. In fact, a mortgage broker is fully licensed, and relies on their knowledge of the whole mortgage market to provide you with the best mortgage for your individual needs.

2. Mortgage brokers will charge you for their time
As the client, you do not pay the mortgage broker – once you are approved for a loan, the lender pays a commission to the mortgage broker. The commission is calculated according to the size of your mortgage.

3. Getting a home loan through a mortgage broker costs more because of commission
The mortgage broker’s commission is a percentage of your home loan, so it is not an additional cost for you nor is it paid by you in any way. It has no effect on the fees or interest rates you pay on your mortgage.

4. Mortgage brokers deal with shady lenders
While mortgage brokers have connections with smaller lenders whose names might not be familiar to you, they generally also deal mainly with the major lenders with high-profile reputations. Many of the smaller lenders are affiliated with the larger banks, or they could simply be low profiles businesses with a long-standing reputation. A mortgage broker relies on the professionalism of the lender to maintain their own business reputation and income, so even the smaller lenders will have a strong reputation within the industry.

5. Mortgage brokers are only for people with bad credit
Another pervasive myth is that only people with bad credit need assistance from a mortgage broker. While mortgage brokers can certainly assist someone with bad credit find a suitable loan for their circumstances, they can also help anyone who wishes to save time and money by sourcing the best loan possible for their requirements.

6. All mortgage brokers are fully licensed
Unfortunately, anyone can call themselves a mortgage broker, but only a licensed mortgage broker is qualified to give you advice and assistance in securing a loan. A licensed mortgage broker should have the license on display in their office or on their website – if they do not, you are entitled to ask them to confirm their qualifications.

7. A mortgage broker will force you to refinance with a new lender
If you are happy with your current lender, there is no reason for you to refinance your loan with someone else. However, your mortgage broker could renegotiate the terms of your current loan on your behalf and perhaps get you a better deal.

Contact us today if you need independent assistance in finding the right home loan for your needs, whether it is for an existing property or an upcoming purchase.

22/09/2021

One of our preferred finance brokers. Why wouldn’t you find out how much you could save? 😊

Is this your bank?

Then it's time to take advantage of our Free Loan Comparison Service.
Some clients discovered saving $300+ per month by switching to a better deal.
Private message me today to see how much you could save by switching.

16/09/2021

It’s not how much you have on the card, it’s how much you “can” have on the card that is the concern to a potential Lender.

Tip: Watch your credit card limit! Even if your balance is zero, the higher your limit the lower your borrowing capacity.

30/06/2021

Happy New Year!

New financial year, that is!

If you’re looking to take action this year to keep your financial health intact, please reach out. With a panel of professionals such as Accountants, Finance Brokers, Planners and Lawyers by our side, we have the right people to work for you and with you to achieve the financial goals you are aiming for.