Adept Mortgage Management in Victoria Park, Western Australia | Mortgage brokers

Adept Mortgage Management

Locality: Victoria Park, Western Australia

Phone: +61 438 947 108

Address: 79 Kitchener Avenue, Victoria Park 6100 Victoria Park, WA, Australia

Website: http://www.adeptmortgage.com

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25.01.2022 Living over sea,s creates hardships which are not easy to deal, your understanding and ability to manage the process forward has been exceptional in many ways for my self and my family to achieve our home in WA. There are loop holes in the systems between the bank and the home building and land supply companys, which have created issues for us in country, we thank you for the help many times over and the patiance taken to over come these issues which have arisen and been frustrating for us and must have been for you as well at times. Thanks Fred.

24.01.2022 I picked this out of an e-mail I received and thought that it may be of some help to viewers of my Adept Mortgage Page. If you need any help please feel free to give me a call. Fred. While Prime Minister Tony Abbott may have ditched his legendary budgie smugglers for the 2014 Budget Announcement, he certainly didnt shy from tough spending cuts. Whether its household expenses, banking products or superannuationits important to think about ways to save because once the Bu...Continue reading

24.01.2022 Rates to Stay Low for the Next Decade It’s a big call, but we may be in an era of low rates for many, many years. This week two experts, on opposite sides of the World, argued that rates will stay low for many-a-year. In Australia Chris Andrews, La Trobe Financial’ s Head of Funds Management, said If you look at interest rate movements as far out as the eye can see, even to a decade-long horizon, [they] will be constrained to a 50-basis point band, plus or minus. Meanwhil...e in the UK the Bank of England’s Deputy Governor, Ben Broadbent, argued that rates could now be permanently lower. Mr Andrews admitted that the prediction was a big call; it does emphasise the lender’s current house view of where the Australian economy is in a global context. These views are not to be sniffed at given that two global banks, Goldman Sachs and Deutsche Bank, have recently said that the next Australian rate move will be down. Is this good for the property market? That’s a debateable point. There are many who believe that low rates have been the main driver in price growth in the past year or so. But there are others who believe things have gone too far and that ultra-low rates have created a property bubble. Perhaps the Reserve Bank’s threat of introducing macro-prudential policy will make loan repayments for existing home owners much more manageable while keeping a lid on prices all in a low-rate environment? See more

23.01.2022 NEW credit reporting legislation kicks into action next month, so if you’ve got any debt outstanding it pays to know what’s changing. As of March 12, credit records will change their focus from how many times you’ve been in trouble to look at how good your credit history is. So instead of the negative reporting we’re used to, the attention will be on whether or not you’ve serviced your credit on time. And that’s a big change.... The new laws mean that every time you’re late in paying a bill, a black mark will essentially be registered against your name. While this is probably a fairer system, rewarding people who run a tight ship, the trouble is a lot of borrowers are unaware of the changes. A lot of those people miss the odd repayment too. According to credit ratings agency Veda, up to 80 per cent of consumers have never accessed their credit report. And with the latest data from financial management app Pocketbook showing 12 per cent of all bills were paid late in January, the conditions are there for some credit record damage. The best thing you can do to keep your credit record in good shape is to make sure all your bills are paid on time. Plan ahead, set reminders and notify billers early if it’s going to be a close call. Also, make the most of the great technology available. Download your bank’s app so you can pay on the go, sync your calendars with reminders when bills are due and check out the latest budgeting and financial management apps. Once that’s all sorted, tell your mates, because these changes are going to affect everyone. If you want more information please give me a call and I can download your Veda file for you. THIS IS REALLY IMPORTANT

23.01.2022 The value of a credit history... My 22 year old niece was expressing her concerns to a friend of mine about taking out a personal loan to buy a new car. She was intending on keeping the purchase to a minimum and use her savings and some money from her parents to purchase the car. She was also considering waiting a little longer because at the moment her savings account was paying a great rate of interest. Personally I was thrilled to hear she had done so well at saving and th...at she could afford to pay cash for the car! Being from the finance industry I also offered some very good advice. I asked my niece whether she ever intended to buy a home? Her answer was, yes of course - no surprises there. She then asked if she would consider lending money to someone who could not assure her that they had a good history of paying the money back. I think you know where I am going with this It is becoming very common for parents to give their kids money towards buying a car to save them from having to borrow the money. Often their first exposure to credit is a troublesome plastic card. Basically endless credit to shop! They will often get themselves into hot water by not having the cash to pay it back. Again, who comes to the rescue here? By having a personal loan young adults can learn how to repay the debt but hopefully not over extend the credit. They can then prove to the lenders that they are credit worthy when they are ready to borrow again. A savings history is also a valuable way to prove your credit worthiness. Not to say a credit card is not but the lenders will take into account the many limits you have not what you have owing at the time. So in the end my niece decided to place her savings in a high interest bearing cash management or term deposit account and take out a loan. So whilst she has to pay tax on the savings, she may actually be able to continue to save a small amount of money and repay the P & I payment on the personal loan. She may also use her savings sooner towards purchasing a house especially in a continually rising housing market.The moral of this story is to encourage borrowing and maybe consider teaching your kids about managing their finances

22.01.2022 Hello there I hope that you are over the Budget Shock. It has affected all of us, and lets face it, for some families it is difficult to find that extra $270.00 a year for the necessities such as water, power and vehicle registration. Have you therefore given any thought to perhaps consolidating your debts or refinancing your home? This is not as daunting or as expensive as you may think. At present I am able to offer loans at 3.95% at a variable rate and 3.75% on a fixed... rate. If you have the equity in your property you may well be able to add your car and/or your credit card to the loan and save quite a lot on your monthly expenditure. All you have to do is give me a call on 0438 947 108 share some information with me over the phone and I will look at the best options that suit you. Or you can contact me through www.adeptmortgage.com For me to look at this on your behalf will cost you absolutely nothing. I look forward to hearing from you. See more

20.01.2022 Dos and Donts to Get a Good Credit Record 12 March hardly sounds like a key date in history. But, for those looking to buy property, 12 March 2014 could be a key date that determines whether or not they get a loan. Whenever someone applies for a mortgage, one of the first things a bank does is run a credit check on them. As of 12 March, these credit checks are going to change and it could have a huge impact on whether or not a loan application is approved. Under the ne...w regime, every time someone misses their payment by more than five days, their credit file is given a black mark and their credit rating gets worse. The current system is less comprehensive; simply registering things like the number of credit enquiries someone has made and whether or not they have any defaults. But, in addition to these, under the new system individuals will have an incentive to manage their reputation loan applicants get green lights for positive factors such as how often they have made repayments on time. Here are some of the things that banks will know from the new credit checks. Whether repayments have been made on time over a two-year period If a repayment of over $150 is more than 60 days late, it will be listed as a default The limit on the credit cards for which you have applied The type of card for which you have applied The date you opened a credit account, the type of account, and when it was closed If, because of a default, someone has entered into a new varied arrangement for repayments Dos and Donts to Get a Good Credit Rating Under the New System Do Set up automatic debits to pay your credit card and loans on time Close any credit facilities you dont need Check your credit file http://www.mycreditfile.com.au/ Dont Pay a debt more than five days later Shop around for credit cards and store leases when you dont need them Fail to contact the lender to renegotiate your repayment terms

19.01.2022 Rates to Stay Low for the Next Decade Its a big call, but we may be in an era of low rates for many, many years. This week two experts, on opposite sides of the World, argued that rates will stay low for many-a-year. In Australia Chris Andrews, La Trobe Financial s Head of Funds Management, said If you look at interest rate movements as far out as the eye can see, even to a decade-long horizon, [they] will be constrained to a 50-basis point band, plus or minus. Meanwhil...e in the UK the Bank of Englands Deputy Governor, Ben Broadbent, argued that rates could now be permanently lower. Mr Andrews admitted that the prediction was a big call; it does emphasise the lenders current house view of where the Australian economy is in a global context. These views are not to be sniffed at given that two global banks, Goldman Sachs and Deutsche Bank, have recently said that the next Australian rate move will be down. Is this good for the property market? Thats a debateable point. There are many who believe that low rates have been the main driver in price growth in the past year or so. But there are others who believe things have gone too far and that ultra-low rates have created a property bubble. Perhaps the Reserve Banks threat of introducing macro-prudential policy will make loan repayments for existing home owners much more manageable while keeping a lid on prices all in a low-rate environment? See more

17.01.2022 Go you mighty Dockers show the tigers how it's done even with two of your best players out of your team.

10.01.2022 Do's and Dont's to Get a Good Credit Record 12 March hardly sounds like a key date in history. But, for those looking to buy property, 12 March 2014 could be a key date that determines whether or not they get a loan. Whenever someone applies for a mortgage, one of the first things a bank does is run a credit check on them. As of 12 March, these credit checks are going to change and it could have a huge impact on whether or not a loan application is approved. Under the ne...w regime, every time someone misses their payment by more than five days, their credit file is given a black mark and their credit rating gets worse. The current system is less comprehensive; simply registering things like the number of credit enquiries someone has made and whether or not they have any defaults. But, in addition to these, under the new system individuals will have an incentive to manage their reputation loan applicants get green lights for positive factors such as how often they have made repayments on time. Here are some of the things that banks will know from the new credit checks. Whether repayments have been made on time over a two-year period If a repayment of over $150 is more than 60 days late, it will be listed as a default The limit on the credit cards for which you have applied The type of card for which you have applied The date you opened a credit account, the type of account, and when it was closed If, because of a default, someone has entered into a new varied arrangement for repayments Dos and Don’t’s to Get a Good Credit Rating Under the New System Do Set up automatic debits to pay your credit card and loans on time Close any credit facilities you don’t need Check your credit file http://www.mycreditfile.com.au/ Don’t Pay a debt more than five days later Shop around for credit cards and store leases when you don’t need them Fail to contact the lender to renegotiate your repayment terms

09.01.2022 Go you mighty Dockers show the tigers how its done even with two of your best players out of your team.

06.01.2022 To all my friends and clients I wish you a happy and prosperous 2015 may all the things you wish for happen. All my love and best wishes. Fred

04.01.2022 I found this on the internet and thought that some of my friends and clients may be interested. I have more on the rental market. If you are interested please let me know and I will get it for your perusal. The Perth property market is displaying signs it is starting to stabilise with the latest preliminary reiwa.com data showing that the median house price increased to $540,000 for the three months to 31 December, up nearly one per cent on the month prior. REIWA President H...ayden Groves said an increase in the median house price along with a fall in the number of properties for sale are indicators characteristic of a market that is beginning to steady. The total number of listings as at 31 December 2015 was 14,539, an adjustment from the November figure of 16,475, which is mostly attributable to the effect the holiday season has on seller behaviour, Mr Groves said. Our latest preliminary data for the three months to December 2015 showed sales volumes sitting at 1,318, down from 1,700 in November. Whilst its not uncommon for sellers to withdraw their properties from sale during the festive season, were also seeing the impact that the removal of the First Home Owner Grant is having on sales volumes. The test will be to see how many properties come to market by the end of January. Further analysis showed that, as we predicted, there is higher demand in the trade-up sector of the market with properties priced between $500,000 and $600,000 and with four bedrooms taking 47 days to sell, significantly less than the market average of 60 days. Fewer than 50 per cent of sellers are discounting in this price range, further demonstrating the demand in the trade up market. In contrast, between 50 to 70 per cent of sellers are discounting their properties in the first home buyers price bracket which again highlights the softening in demand since the removal of the First Home Owner Grant for established homes, Mr Groves said.

02.01.2022 NEW credit reporting legislation kicks into action next month, so if youve got any debt outstanding it pays to know whats changing. As of March 12, credit records will change their focus from how many times youve been in trouble to look at how good your credit history is. So instead of the negative reporting were used to, the attention will be on whether or not youve serviced your credit on time. And thats a big change.... The new laws mean that every time youre late in paying a bill, a black mark will essentially be registered against your name. While this is probably a fairer system, rewarding people who run a tight ship, the trouble is a lot of borrowers are unaware of the changes. A lot of those people miss the odd repayment too. According to credit ratings agency Veda, up to 80 per cent of consumers have never accessed their credit report. And with the latest data from financial management app Pocketbook showing 12 per cent of all bills were paid late in January, the conditions are there for some credit record damage. The best thing you can do to keep your credit record in good shape is to make sure all your bills are paid on time. Plan ahead, set reminders and notify billers early if its going to be a close call. Also, make the most of the great technology available. Download your banks app so you can pay on the go, sync your calendars with reminders when bills are due and check out the latest budgeting and financial management apps. Once thats all sorted, tell your mates, because these changes are going to affect everyone. If you want more information please give me a call and I can download your Veda file for you. THIS IS REALLY IMPORTANT