Redgate Finance

18/09/2023

Thank you for your kind words.
It was a pleasure helping Matthew & Hannah into their first home, we hope you make many memories with your beautiful family.

29/06/2022

Join me tonight for all things finance and lending.

Whatcha doin’ tonight?

Get that butt into gear and make Donna Summer proud by coming

to our on all things lending, leveraging and

loans!

16/09/2021

Don’t lose your deposit to a hacker!

As hackers get smarter, we want to help you keep your money safe. Here is some handy hints to keep your money safe while purchasing your home.

* Securely store your passwords
* Look out for misspelt email addresses
* Don’t click on any links until you have called the sender and confirmed it is safe
* If you have been instructed to transfer money via email, always call and confirm amount and bank details are correct
* If an email seems off, do not open or onforward

03/09/2021

What is genuine savings? Do you need it?

Some lenders require your deposit to be in your account for more than 3 months. Other banks want to see genuine contributions of savings over time. They want to see you adding to your savings and not just a lump sum deposited into your account.

Can you get around this. Yes.

Some lenders allow a rental ledger to be used instead of genuine savings. This is normally through a realestate agent. It can be done through private rental but it’s a little trickier.

Genuine savings may give you more lenders to choose from but is it the be-all and end-all? No, not really. It’s something we can work around.

If you’ve been told by your bank to wait until your funds have been in your account for 3 months, kindly thank them for their time and find a good broker who can help.

01/09/2021

Did your bank tell you that you can’t afford that house?

How much you can borrow differs significantly between lenders. Sometimes it can be up to $100,000 difference. If your bank said no that doesn’t mean other lenders will be the same. It pays to shop around.

31/08/2021

Pre-Approvals.

Do you need them and are they a good idea? The long and short of it is yes, sometimes.. but mostly no. Controversial I know.

Once upon a time I would have always recommended a pre-approval for any of my clients. It allows you to know your borrowing capacity and have a pre-approval ready for when you go to market. Times have changed. With the banks heavy reliant on credit scores, doing an unnecessary “hit” (enquiry) to your credit score isn’t always the best move. All too often I’ve done pre-approvals only to have them expire, clients circumstances change and/or we need to go with a different lender.

For every enquiry (application) you make, your credit score is impacted. As mortgage brokers we can confidently work out your borrowing capacity, confirm lender policies, confirm if you have adequate savings/deposit and check your credit score. So unless there is a specific reason (this could be something that is slightly out of the box with income or employment etc) our first priority is to preserve your credit score.

There are some pros:
* Conditional approval subject to an acceptable security property found and a suitable valuation conducted = peace of mind
* If your circumstances are complex
* Can speed up the process (I say this very loosely as quite often it still takes as long to push a pre-approval to a full formal

Cons
* Enquiry will lower your credit score
* Less flexibility with deciding on the bank that will suit your needs best
* If the application expires you will need to start the process again.

18/08/2021

🪧 N E W S I G N S 🪧

A big thank you to Signs On Time for our new signage at the office. You can find us easily now at Suite 6 120a Russell Street Toowoomba.







.on.time

29/06/2021

End of financial year - talk to us about quick and easy business finance

06/03/2021

Have you had a chance to read my article in Green Bee Magazine? If you had trouble logging in, the good news is that you no longer have to. Just click the link below and then hit Read Now to go straight to the magazine.

www.greenbeecommunications.com.au/mag

28/02/2021

Check out my article in the latest edition of Green Bee Magazine. I talk about how to audit your finances and save money. Read now at: www.greenbeecommunications.com.au/mag

There are so many great articles in this edition that have been written by talented women. Congratulations to my friend Bianca from Green Bee Communications for putting together another amazing read.

30/11/2020

Thanks to all those who came along to learn more about purchasing an investment property. Looking forward to doing one for first home owners early next year.

03/11/2020

If you’ve ever given any thought to purchasing an investment property come along and find out the facts.