09/08/2019
Hope you are doing well today. Here is a Finance Industry update for all.
A lot has changed in the finance/lending industry since the Royal Commission and even though the floor rates of most of the banks have reduced to between 5.5% to 6%, as consumers we don’t know how it affects us or our borrowing capacity.
Most of the time we are reasonably happy with our banks and in all honesty, it may sometimes just be too much of an effort to chop and change to another. But the thing you need to think about is –
“Am I getting my money’s worth?”.
A quick health check of your finances can’t do any harm! Here are some of the questions you need to ask yourself:
What is my financial goal before I retire?
Do I want to still have a mortgage when I am 55yrs old?
What happens if I pass away, will my family be able to pay off the mortgage?
Is my Superfund appropriately covering my income if I am made redundant?
And the list goes on.
The point is not to scare you but to help you think ahead and make sure proper plans are in place to protect you and your family financially.
If you have any thoughts and questions relating to finance and want a second opinion, please consider me your free resource. I have been in the mortgage industry for some years and am a broker with over 30 lenders under my panel. This puts me in a strong position to assist people, from those who are in financial difficulties to seasoned borrowers who want another investment property.
I specialise in the following:
I can help people with complex PAYG (overtime, allowances bonuses where banks will shade them by 20% to 50%) I have lenders who will take 100% of them. Or simply your contract is about to expire in the next few weeks and you need to settle the property.
If you have had a default and its affecting your borrowing capacity.
If you are thinking of a reverse mortgage so you can pay bills or live a more comfortable life.
If you have an unusual pension stream, this is not an issue. I can still help.
It’s as simple as calling me and discussing your particular scenario. It is obligation free and if it increases your knowledge, you have nothing to lose! It isn’t just about me handling your lending, but providing you with the knowledge and solutions to move forward and grow.
Looking forward to hearing from you.
Have an awesome day!
