All Finance QLD in Gordonvale, Queensland | Financial service

All Finance QLD

Locality: Gordonvale, Queensland

Phone: +61 407 452 679

Address: 242-244 Dempsey Street 4865 Gordonvale, QLD, Australia

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22.01.2022 Interest rates in our country are the lowest we have seen and with this in mind it is the perfect time for first home buyers to take the big step into owning their own home. I have put together a few steps to help you along the way. 1. Select a Conveyancer or Solicitor It is advisable to obtain quotes and determine which conveyancer or solicitor you would like to engage for your property purchase. 2. You have been saving for your deposit and it is now time to find out how yo...u can borrow based on your savings, income and existing debts you may have. This is where I can help you with a loan pre approval so you know how much you can borrow. 3. What is the property worth ? When you have found a property you like, research its value. There are resources online, which you can use to download property reports, suburb reports and street reports. These reports contain details of demographics, sales history and will help give you an idea of the property's value. 4. Is the neighbourhood the right fit for you? Purchasing a home is a long term decision. Investigate what your neighbourhood has to offer ( local schools, public transport and local points of interest) to make sure that it is a neighbourhood that you can see yourself living in for years to come. 5. Research the area You might also like to research the area's zoning and planning details. Things such as home insurance may be more expensive in the area due to frequent flooding, or the council may be planning future roads and utility maintenance, which could effect your daily commute. 6. Do your due diligence Once you have decided on a property, ensure you have done all your due diligence on the property. This should be done before the cooling off period or auction. If the property is strata titled, ensure you order a strata report or for a house, order building and pest inspection. Your conveyancer or solicitor will be able to help you with these. 7. What is the condition of the appliances? Another thing to take into consideration is the condition of the home's built-in appliances. Do they work properly? Do any repairs need to be made? Don't be afraid to ask if you can check the aid conditioning, oven, hot water, cupboards etc. If something isn't working properly, you will have to decide if you are able to set aside some extra finances for repairs on top of the purchase of the home itself. I hope these little tips help you with your purchase just remember purchasing your first home is not as hazardous as climbing Mount Everest. It is fun and exciting and there are people to guide you on the path to owning your home.

19.01.2022 Something to think about with Tax time approaching. In the 2019-2020 Budget Announcement, the Federal Government proposed to increase the instant asset write-off threshold from $20,000 to $30,000 for eligible assets and also sought to expand the application of the instant asset write-off to apply to both small and medium sized businesses with an aggregated annual turnover of less than $50 million. This proposal has now been passed as law and applies to all eligible assets fir...st used, or installed ready for use, from 3 April 2019 to 30 June 2020. For Australian small and medium sized business owners, the instant asset write-off scheme is a great way to upgrade technology and help support long-term growth, while reducing your taxable income. However, recent research by American Express shows that almost half of all Australian small businesses are unaware of the scheme1 and this is the first time the instant asset write-off has been available for medium sized businesses with an annual turnover of between $10 million and $50 million. This presents an opportunity for you to start a conversation with your small and medium business clients to help them unlock the impacts of the instant asset write-off. For more information about the instant asset write-off scheme, visit the ATO website.

18.01.2022 Two chooks talking on the fence.. one chook says to the other chook "I would love to own my own nest , but dont think I can afford it " ...ah you see my little friend, I have an old hen that can help you. There are many ways to skin a fox and you don't need a rooster!!!!!! Hens can get a loan on their own. You may not need to have saving to buy the nest of your dreams ...give the old hen a call on 0407452679.

18.01.2022 A new year and it is time to set out goals for the year. A true blue time to have a good look at our Aussie way of doing things that effect our life. It may be time for a health check of not you but the budget and the way you are doing things. You don't have to give up your glass of wine or can of the amber. All Finance QLD we are here to help and only a call or email away to help you.

17.01.2022 Fixed, Variable, Split - find the right fit for you In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that works best for you. Variable Rate Loans Variable interest rate loans are all about flexibility. Essentially, with a variable rate loan, the interest rate moves up or down as the market moves. This means y...our loan repayments may also change month to month. If the interest rate drops, then your repayments may drop as well. However, in the event of an interest rate rise, your repayments could also increase. Many variable rate loans come with additional features, which can reduce the amount of interest paid over the life of the loan. For example, a variable rate loan with a 100% offset arrangement links your loan account to your savings account. Any funds held in your savings account are offset against the borrowed amount, reducing the interest you have to pay. Many variable rate loans offer flexibility in terms of incresased payments, allowing you to pay off your loan faster if you have additional funds available. Fixed rate loans A fixed rate loan is one where the interest rate is fixed for a limited period, and immune from any movements in the market. The most popular choices are three and five-year fixed interest loans, although options ranging from one to ten years are available. Fixed rate loans allow you to make steady, regular repayments. They're great for borrowers on strict budgets, or if you're entering into a mortgage at a time when interest rates are likely to rise. In the event of a drop in interest rates, being locked into a fixed rate may mean your repayments are higher than they otherwise would be. It's also worth noting that breaking a fixed rate loan can potentially cost thousands of dollars in fees. Additionally, many banks will charge you a fee for making extra payments towards the loan during the period it has been fixed. Split rate loans - a foot in each camp A split rate loan is when you break your mortgage into two loans- one with a fixed rate and one with a variable rate. It's something of an 'each way bet'. A split loan offers borrowers protection from rate rises ( with the fixed portion of the loan) alongside the advantage of rate drops ( with the variable portion of the loan). Most banks will allow you to split your loans from the onset, without having to pay for two separate loan applications. Choosing the right kind of loan depends on your personal situation, earning capacity and long-term goals for your property. Speaking with a mortgage broker can help you figure out the best way forward, and could help you save money along the way.

16.01.2022 Sometimes we all get into a rut with our lives so much on our plate with work and family trying to make our pay meet our budget. You think you need some chewing gum to make it stretch further. The rates offered on Home Loans at present are so good. It is worth considering debt consolidation and refinance all into one Home Loan. Do this and you will have something to crow about.

11.01.2022 Well is everyone getting a little sick of the build up to the election. Time to think of a holiday. I can help you with a loan for that and there are plenty of options available. I would love to hear from you.

06.01.2022 I often get asked by first home buyer why do I need Mortgage Insurance. I hope this helps. Lenders Mortgage Insurance insures the lender for any shortfall in the event that you default on your loan and if the proceeds from the property sale are not enough to pay the loan out in full. If there is a shortfall from the sale your still liable for that amount. It is important to understand that Lenders Mortgage Insurance is obtained by and insures the Lender not you.... Lenders Mortgage Insurance should not be confused with mortgage protection insurance, which is an insurance option to cover your mortgage and your mortgage repayments in the event of a death, disability, unemployment or reduced income. When is Mortgage Insurance required? If your deposit is less than 20% then Lenders Mortgage Insurance is usually required. What is the cost of Lenders Mortgage Insurance and who pays for it What is the cost of Mortgage Insurance and who pays for it? The cost of Lenders Mortgage Insurance is calculated as a percentage of the loan amount. The cost of the premium is passed on to you. How is Lenders Mortgage Insurance paid? The premium is a once off and can be added added to the loan or can be paid at the time by the borrower. Am I entitled to a refund if I repay my loan early? Yes, you are eligible for a partial refund of the premium paid, if you meet all of the following conditions. 1. All loans covered under LMI policy repaid in full and any associated mortgage is discharged: 1. within 12 months of the settlement date, a refund of 40% of the premium will apply, or from 12 months to less than 24 months, a refund of 20% of the premium will apply. 2. The loans covered have not been in arrears throughout the loan term. 3. The calculated refund is greater than the minimum threshold ( any stamp duty is not refundable). I hope this helps with understanding how it works not all borrowers have 20% deposit to purchase a home.

04.01.2022 I just had a funny thought my friends. I have some Bantam chooks I am hoping to find a home for and maybe I could think outside the square and offer a free chook with every loan. I am just joking.

04.01.2022 Finance Clauses: 14 days just isn’t enough Lenders are currently taking up to 21 days to pick up a home loan application for assessment. Fourteen days has always been sufficient time for finance, however at the moment this is proving difficult and many customers are feeling extremely frustrated with the delays. Why is this happening? Lenders documentation requirements appear to be changing every day, thanks to highlighted issues coming off the back of the Royal Commission,... the Combined Industry Forum and the like. Finance Brokers are having to constantly be aware of the lenders ever-changing requirements to ensure that they are gathering the correct documentation and information, and in turn matching you with the most suitable lender and product. The process of packaging up the proposal can take over a week before it even gets into the lenders systems. Brokers have never been more important in the application process but we need more time to efficiently package your application to ensure you receive the fastest approval possible. If you are looking at purchasing in the next three months, let’s get a head start with a pre approval or if you are signing a contract for a new home, take the stress out of the process and allow 21 days on your finance clause. Contact me today on 0407452679 for further information. I am here to assist you from the first inquiry and beyond the purchase of your home with ongoing service. See more