Alex Koutoulogenis in Adelaide, South Australia | Financial service

Alex Koutoulogenis

Locality: Adelaide, South Australia

Phone: +61 498 128 887

Address: 109A Archer Street 5006 Adelaide, SA, Australia

Website: http://www.significantfinancialsolutions.com.au/

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22.01.2022 INTEREST RATES: FIXED VS VARIABLE While there is no crystal ball that can predict what will happen to the economy and interest rates in the future, what we can give you is an insight on the pros and cons of fixing your home loan. Fixed Rate ... Pros: > Rate is locked in for a certain period of time > Repayments do not rise if the official interest rate increases > Provides peace of mind for borrowers concerned about rate rises > Allows for more precise budgeting Cons: > Repayments do not fall if rates decreases > Allows only limited additional repayments > Potential break cost for early payout of the loan Variable Rate Pros: > Your home loan repayments will fall when interest rates fall > Variable rate home loans usually provide options and flexibility and will often allow unlimited additional repayments > Variable rate loans can include a range of extra features such as redraw and offset accounts which can help you during the lifetime of the loan. > It can be simpler to switch loans with a variable rate home loan. Cons: > Your home loan repayments will rise when interest rates increase > Can be difficult to budget If you have any questions, contact me for more information! SFS - THE THINKING BEHIND THE MONEY Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006 See more

22.01.2022 PRINCIPAL & INTEREST VS INTEREST ONLY PRINCIPAL AND INTEREST REPAYMENTS This is when you pay both parts of your loan the principal as well as the interest charged on it.... PROS: > Pay off your loan faster, so you'll own your property outright sooner > Pay less interest over the life of the loan > Pay a lower interest rate compared to interest only rates for an equivalent home lending product CONS: > Repayments are higher than interest only > May not be as tax-efficient for investment loans INTEREST ONLY REPAYMENTS This is when you only pay the interest portion of your loan for a set period of time. As you’re not making payments on the ‘principal’, this will remain the same. PROS: > Beneficial for investment properties > Possible tax benefits for investment loans > Lower mortgage repayments for a limited time to suit your lifestyle (a common need for lower repayments can be one person taking time off work to be a primary carer) CONS: > Principal amount will not reduce during interest only period > Higher repayments once the interest only period finishes > Higher interest rate during interest only period > More interest payable over the life of the loan It’s important to understand how different types of loan repayments work and how they can change over time. If you have any questions, contact me for more information! SFS - THE THINKING BEHIND THE MONEY Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006 See more

22.01.2022 Cash-back offers for up to $4000 for just refinancing your current mortgage! Get in touch for a FREE NO OBLIGATION assessment today to potentially save thousands of dollars!... SFS - THE THINKING BEHIND THE MONEY Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006

20.01.2022 WHY REFINANCE? WHAT IS REFINANCING: Refinancing is an option often overlooked by borrowers. It involves taking your current loan and replacing it with a lower interest rate loan. This has the potential to save you thousands of dollars over the term of the loan. ... WHAT ARE THE BENEFITS: > SAVE MONEY WITH A LOWER AND BETTER RATE > LOWER MONTHLY REPAYMENTS > REDUCE OVERALL LOAN AMOUNT QUICKER > TAKE ADVANTAGE OF EXTRA HOME LOAN FEATURES > ACCESS YOUR HOME’S EQUITY Are you taking advantage of the current interest rates? If you or someone you know has a mortgage, now is the best time to refinance. Take advantage of the current low interest rates and contact us for more information. SFS - THE THINKING BEHIND THE MONEY Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006 See more

20.01.2022 Loan Protection Plan Vs Cover in Superannuation Think you’re covered? Think twice. If you’re relying on cover in superannuation you should carefully review your super fund’s Product Disclosure Statement (PDS) to ensure you know exactly what you’re covered for. For most employees, cover in super is generally a default level of cover and is not tailored to your circumstances. Plus, exclusions may apply. It’s an important part of my loan application and home loan review p...rocess to ensure my valued clients have considered the risks and what their ‘plan B’ might be. Watch this short video for more information. SFS - THE THINKING BEHIND THE MONEY Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006 See more

18.01.2022 ATTENTION AUSTRALIANS The Reserve Bank of Australia (RBA) has announced its first cash rate decision of the new year. As expected, the central bank has held the rate at its current record low of 0.1%, where it has sat for the past three months since the November 2020 meeting.... In a statement, RBA governor Philip Lowe said that while recent vaccine developments have improved the outlook for the global economy, the path to Australia’s economic recovery depends, not only on the health situation as it unfolds, but also on significant fiscal and monetary support. Unemployment has seen a welcome decline to 6.6%, it remains higher than it has been for the past two decades. The central scenario is for unemployment to be around 6 per cent at the end of this year and 5 per cent at the end of 2022. For more information, feel free to contact me to ensure you are getting the most competitive rate that suits your needs! SFS - THE THINKING BEHIND THE MONEY Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006

17.01.2022 SFS Christmas Show

15.01.2022 MERRY CHRISTMAS FROM THE TEAM AT SFS Hope everyone enjoys their holidays and the much needed time off. Be well and keep safe over the break!

14.01.2022 When it comes to all things finance, we've got you covered. We can establish, review and improve finance for residential, investment or commercial needs. We can even assist with personal, vehicle or business loans. Finance brokers aren't employed by banks, so we can offer you a range of products from various lenders. We take the time to work out what product is best for your needs, and not what is best for the banks. SFS - THE THINKING BEHIND THE MONEY... Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006

10.01.2022 WHY USE A BROKER? > ALL ABOUT YOU - We work for you and not the bank. We get to know you personally to understand your unique circumstances. From our experience, we know which lenders will have the product that will meet your needs. And we negotiate for what’s right for you, not what’s right for one particular lender. > FREE SERVICE - The lender pays for all the work we do for you, so a fee for service DOES NOT exist in our business! ... > CONVENIENCE - Don’t let your schedule stop you from getting your finances sorted. We are flexible with our hours and are more than willing to do after hours or weekends, meeting at a time and place that is convenient for you. > TIME EFFICIENT - We can get things moving quickly. We’ll work with our lender networks and contacts, looking to secure your finance as fast as possible. > RANGE OF PRODUCTS - We have access to a range of loans from various lenders more suited to your needs. When you meet with us you are effectively getting access to multiple banks and their range of loan options. SFS - THE THINKING BEHIND THE MONEY Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006

10.01.2022 WHAT IS GENUINE SAVINGS? When applying for a home loan, genuine savings is a policy that most lenders have in place as security to know you will be able to manage the repayments and to avoid any further questions from authorities about money laundering. With most major lenders the Genuine Savings portion must consist of 5% of the property value and evidently saved over a period of 3 months.... Some lenders will have flexibility to this condition eg. Rent expense as genuine savings demonstrated over a certain period of time, general rule of thumb is 6-12 months or borrowing less than a certain % of the property value. Having access to over 45 lenders on our panel we can find the right solution for you and your scenario. If you have any questions, contact me for more information! SFS - THE THINKING BEHIND THE MONEY Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006

09.01.2022 Networking Breakfast, with guest speaker Dr James Muecke! SOL Results

05.01.2022 HOME BUILDER GRANT HAS BEEN EXTENDED If you’re interested in building a new home and don’t know where to start, feel free to get in touch to discuss what your options are! SFS - THE THINKING BEHIND THE MONEY ... Get In Touch: Alex Koutoulogenis [email protected] 0498128887 Call/Text 109A Archer Street, North Adelaide 5006 See more