AllStep Finance in Keperra | Businesses

AllStep Finance

Locality: Keperra

Phone: +61 1800 954 402

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25.01.2022 Refinancing traps to avoid Whether you’re after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you don’t find yourself hooked into a bad deal. Don’t be fooled by the interest rate Finding a lower interest rate doesn’t necessarily mean you’ve scored yourself a better deal. In fact, a product with more features may cost you a bit more in fees or interest, but could save... you more in the long run. Including features such as an offset account will prove valuable as it will allow you to make larger repayments or put any extra cash against the loan. Products without this feature may charge a fee for early repayments. Honeymoon rates are just that Don’t be lured by offers with discounted introductory rates unless you’ve calculated the savings over the life of the loan. While a loan with a discounted interest rate seems a tempting offer, it’s only temporary. Once the introductory period is over, the interest will revert to a higher standard variable for the rest of the loan term. It may be more beneficial financially to negotiate a lower interest rate without an introductory discount. Be aware of the fees One of the main purposes of refinancing is to lighten the financial burden, however, that doesn’t mean that it’s not going to cost you. There are many fees involved, which may include discharge and application fees, a valuation fee, land registration fee, and mortgage insurance. You may also be subject to stamp duty depending on what state your property is located in. While these cannot be avoided, you have to ensure that the costs involved are not higher than the savings, to make the process worthwhile. While there are traps to avoid, a little expertise can take the stress out of refinancing to save you thousands, fund that renovation, or simply find a loan that suits your life a little better. Not sure which is the right option for your circumstances? Contact us today and we will help you make the right decision for your situation

24.01.2022 Positive and negative gearing 101

24.01.2022 Planning to sell your home this year? What to do to get top dollar

23.01.2022 Rental properties: Who fixes it, the landlord or the tenant? http://bit.ly/2vH0TFD

20.01.2022 RBA Announcement - Rates On Hold http://bit.ly/2H7JfNi

19.01.2022 RBA Announcement - Rates On Hold http://bit.ly/2H7JfNi

18.01.2022 If you think you can afford to buy something - you can't!

17.01.2022 How Much Does Bank Loyalty Cost? With CBA, Australia's largest bank and largest provider of home loan's recently announcing a staggering Full Year Net Profit after Tax of $9.9 billion for FY17, it makes good financial sense to question whether they or any bank you may be with, are giving you the best deal on your home loan. Home Loan's make up a significant portion of bank's revenue and profits. Competition between the banks for new owner occupied home loans is fierce and something you can use to your advantage against them. By taking your home loan regularly to the market, you can make sure your loan remains competitive and your hard earned money doesn't go needlessly to their ballooning profits.

16.01.2022 First Home Owners Grant of $20.000 is still available in Queensland until December 30 2017.

14.01.2022 Queensland First Home Owner's Grant Ending Soon. The grant is due to end on December 31st 201. If you are considering purchasing a house and are eligible for the grant, you will need to have signed a contract to be eligible before 31/12/17 to be considered.

14.01.2022 How to prepare your house for sale at short notice

14.01.2022 Is It Time to Fix? We are often asked by clients if they should fix their home loan rate. A helpful way to look at it, is to think of fixing your rate as like taking out insurance on your personal cash flow. With home loan repayments often being the largest monthly expense in people's household budget, fixing the home loan repayments for the next few years is a sound way to help ensure you can manage all your debts over this period and keep up to date with credit commitments.... Regardless of what the banks decide to do. Giving you the same peace of mind you get from insuring your car or home against unforeseen and unwanted events. Some Lenders are now offering Offset accounts and additional repayments on their fixed home loans to give greater flexibility on these products that were once seen as to restrictive. Not sure which is the right option for your circumstances? Contact us today and we will help you make the right decision for your situation. See more

14.01.2022 Game changing new regulations announced by the Government regarding Credit Files.

11.01.2022 There's work to be done on this:

10.01.2022 Is It Time to Fix? We are often asked by clients if they should fix their home loan rate. A helpful way to look at it, is to think of fixing your rate as like taking out insurance on your personal cash flow. With home loan repayments often being the largest monthly expense in people's household budget, fixing the home loan repayments for the next few years is a sound way to help ensure you can manage all your debts over this period and keep up to date with credit commitments.... Regardless of what the banks decide to do. Giving you the same peace of mind you get from insuring your car or home against unforeseen and unwanted events. Some Lenders are now offering Offset accounts and additional repayments on their fixed home loans to give greater flexibility on these products that were once seen as to restrictive. Not sure which is the right option for your circumstances? Contact us today and we will help you make the right decision for your situation. See more

09.01.2022 Hope you have a Great Day with family and friends!

07.01.2022 Home Loan Deposit Solution! When you’re desperately trying to save the deposit for a home and just see the prices of property continually increasing, it’s can be very challenging to stay patient enough to see it through. However, there is a way to speed up the process without the need for saving a deposit - by using a guarantor. This is known as a family pledge or security guarantee Loan. In this situation, a relative or friend (usually a borrower’s parent or parents) is pre...pared to use the equity in his or her own home, to guarantee 20% equity in your new home that the bank needs as security - to approve the loan without needing Lender’s Mortgage Insurance. For example, for a home purchase price of $600,000, you would take on a loan of 80 per cent of the home value, which would be $480,000, in your own name/s. A separate loan for the 20% balance of $120,000 is taken out with you listed as borrower to service the monthly loan repayments and your parents and their property noted as guarantor’s on this loan only. This is an increasingly popular way for first home buyers to enter the property market. It works well when borrowers don’t have a substantial deposit but have sound loan servicing capacity (good income) and their parents own their own home. Not sure which is the right option for your circumstances? Contact us today and we will help you make the right decision for your situation. See more

06.01.2022 Rental properties: Who fixes it, the landlord or the tenant? http://bit.ly/2vH0TFD

06.01.2022 Queensland First Home Owner's Grant Ending Soon. The grant is due to end on December 31st 201. If you are considering purchasing a house and are eligible for the grant, you will need to have signed a contract to be eligible before 31/12/17 to be considered.

06.01.2022 Home Loan Deposit Solution! When you’re desperately trying to save the deposit for a home and just see the prices of property continually increasing, it’s can be very challenging to stay patient enough to see it through. However, there is a way to speed up the process without the need for saving a deposit - by using a guarantor. This is known as a family pledge or security guarantee Loan. In this situation, a relative or friend (usually a borrower’s parent or parents) is pre...pared to use the equity in his or her own home, to guarantee 20% equity in your new home that the bank needs as security - to approve the loan without needing Lender’s Mortgage Insurance. For example, for a home purchase price of $600,000, you would take on a loan of 80 per cent of the home value, which would be $480,000, in your own name/s. A separate loan for the 20% balance of $120,000 is taken out with you listed as borrower to service the monthly loan repayments and your parents and their property noted as guarantor’s on this loan only. This is an increasingly popular way for first home buyers to enter the property market. It works well when borrowers don’t have a substantial deposit but have sound loan servicing capacity (good income) and their parents own their own home. Not sure which is the right option for your circumstances? Contact us today and we will help you make the right decision for your situation. See more

05.01.2022 Refinancing traps to avoid Whether you’re after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you don’t find yourself hooked into a bad deal. Don’t be fooled by the interest rate Finding a lower interest rate doesn’t necessarily mean you’ve scored yourself a better deal. In fact, a product with more features may cost you a bit more in fees or interest, but could save... you more in the long run. Including features such as an offset account will prove valuable as it will allow you to make larger repayments or put any extra cash against the loan. Products without this feature may charge a fee for early repayments. Honeymoon rates are just that Don’t be lured by offers with discounted introductory rates unless you’ve calculated the savings over the life of the loan. While a loan with a discounted interest rate seems a tempting offer, it’s only temporary. Once the introductory period is over, the interest will revert to a higher standard variable for the rest of the loan term. It may be more beneficial financially to negotiate a lower interest rate without an introductory discount. Be aware of the fees One of the main purposes of refinancing is to lighten the financial burden, however, that doesn’t mean that it’s not going to cost you. There are many fees involved, which may include discharge and application fees, a valuation fee, land registration fee, and mortgage insurance. You may also be subject to stamp duty depending on what state your property is located in. While these cannot be avoided, you have to ensure that the costs involved are not higher than the savings, to make the process worthwhile. While there are traps to avoid, a little expertise can take the stress out of refinancing to save you thousands, fund that renovation, or simply find a loan that suits your life a little better. Not sure which is the right option for your circumstances? Contact us today and we will help you make the right decision for your situation

04.01.2022 Why Split Your Home Loan? Splitting your home loan into more than one facility can be a good way to consolidate other debts into your home loan. Refinancing to consolidating higher interest Credit Cards and Personal loans into a lower rate home loan is a common strategy. However, consolidating into a single loan may mean that personal loans that were on a 5 or 7 year term for example are now refinanced over periods up to 30 years and you end up paying more interest to the len...der than the original loan - the lower repayments creating a false sense of economy. By creating a split loan facility for the new debt, you can specify a shorter term than your home loan, to give you the benefits of a lower rate and repayments. You can also receive separate monthly statements for each split loan to help you manage them. Not sure which is the right option for your circumstances? Contact us today and we will help you make the right decision for your situation. See more

04.01.2022 Setting property investment portfolio goals

04.01.2022 Most common building mistakes and how to avoid them

02.01.2022 Hope you have a Great Day with family and friends!

02.01.2022 Where to Next for Interest Only Loans?

01.01.2022 Materials to avoid when planning your home makeover