Loan Market- Alvin Wong | Finance

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Loan Market- Alvin Wong

Phone: +61 404 025 852

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24.01.2022 Brisbane City Council have announced a 50% rates remission up to $1,000 over a 12 month period for eligible first home owners. For more information, click on the link below-

24.01.2022 Kickstart your financial goals

22.01.2022 Spring selling season is here! Make sure you're ahead of the game by ensuring your finances are in place. Get started online now https://tinyurl.com/avjfda7r... #loanmarket #springsellingseason" See more

19.01.2022 There is no magic number or amount. It really depends on how much you want to borrow. Generally, most banks want 3% to 5% ‘genuine savings’ that’s regular savings in your bank account for at least three months. Aiming for a 20% deposit is always a great place to start. If you're unsure or want to chat about your options, get in touch. ... We'd love to help you buy your first home sooner! #loanmarket https://tinyurl.com/avjfda7r

18.01.2022 Simply put, debt consolidation means merging debt into one amount to simplify your repayments, reduce costs (where applicable) and set a date to become debt free. Want to explore your options? Get in touch today. #loanmarket https://tinyurl.com/avjfda7r

18.01.2022 To my valued clients, In the wake of Covid-19 we are certainly facing challenging times as a community. I would like to take this opportunity to assure you that I am still here, my business is covid-capable. A lot of Lenders have started to announce Covid-19 relief packages for their clients. If you have been affected, please get in touch and we can navigate this together. ... I am here to assist and I do hope you and your families are safe.

18.01.2022 Lenders are now looking closer at your character. Comprehensive Credit Reporting (CCR) is now in full swing, giving lenders a closer look into your financial character and highlights facilities that you may not have disclosed in your application. The CCR shows the lender if a credit facility is open or closed, the credit limit and repayment history information on a monthly basis. So, it’s really important that you talk to your broker about your facilities, even the ones that... you may not have used for a long time. What you need to know: 1. Be cautious of applying for credit. Every time you apply for credit, this is reported, and affects your credit score. So, shopping around and applying for credit cards is not advisable. If a credit card provider declines your application for a credit card, its’s not advisable to apply to other providers hoping for a different outcome. 2. Your credit report shows if the minimum payment on your credit facilities has been made on time (or within a 14-day grace period) and if not, how late the payment was for that month. Only licensed credit providers can share and receive this information, so at the moment this does not include telco and utility. 3. Repayment history is recorded monthly and held on your credit file for 2 years. 4. A default can only be recorded on your report if you miss a payment which is more than $150 and is more than 60 days overdue. Before listing the default, the credit provider must have taken steps to collect the whole or part of the outstanding debt. This means they have sent you a written notice setting out the amount overdue and seeking payment and a separate written notice advising you the debt may be reported to a credit reporting body. 5. A default remains on your credit report for 5 years. 6. Paying your bills on time and avoiding getting a default on your credit report are positive impacts on your credit rating or Equifax Score. 7. A number of late payments could be an indication you are in financial stress and may negatively impact your credit report. If you are concerned about late payments, defaults or past poor history (including bankruptcies), discuss this with your broker. If you want to get a copy of your credit report, you can create a myEquifax account to get two free Equifax credit reports each year by going to https://my.equifax.com/consumerregistration/UCSC/.

18.01.2022 September Update

18.01.2022 The RBA announced another rate cut yesterday to a record low 0.75% What does this mean for you and what can you do to maximise your chances when buying?

15.01.2022 SPRING has finally arrived! There is no better time to have a Home Loan health check Reviewing your home loan options when you already have a mortgage may feel like it belongs in the too-hard basket. But it could save you a lot of money.... Is your interest rate as low as it could be? Do you want to save on fees and charges to pay off your home loan sooner? Are you looking to renovate? Could you benefit from consolidating debt? Working with you, I can assess your current situation and existing loan arrangements to see if your home loan is still right for you. Whatever your goal, a home loan health check could show you ways to save money and be in better financial shape. You can reach me on 3423 1514 [email protected]

10.01.2022 Make sure you have your finances in place. https://tinyurl.com/avjfda7r #loanmarket

09.01.2022 Does your home loan rate start with a 3 or 4? Let's review your home loan to make sure you're on the most competitive deal. https://tinyurl.com/avjfda7r

08.01.2022 A few simple steps and you could unlock your borrowing capacity so you're in a strong position in the market this Spring. https://tinyurl.com/avjfda7r #loanmarket #springsellingseason

06.01.2022 The RBA has dropped the official cash rate by a further 25 basis points - We're now sitting at an unprecedented historic low of 0.50% Read on for this months update..

04.01.2022 Refinancing can give you access to equity you have built up, or could simply save you money by consolidating debts or moving to a more competitively priced loan. A home loan is a long-term commitment and it’s important to understand the ins and outs of refinancing and decide if it’s the right option for you at the moment. The most important thing to know is that there are different types of refinancing to suit your circumstances. Whether you’re looking for lower monthly repay...ments, want to consolidate your debts or access the equity in your home, there’s plenty of choice available. If you’re a homeowner and considering buying an investment property, refinancing your existing home loan could be the easiest option to help you reach that goal. No matter what you’re trying to achieve, when you refinance you’re essentially swapping your existing loan for a new one, so it’s important to do your research and make sure you’re switching to the right loan.

03.01.2022 9 ways to enjoy a festively frugal Christmas

01.01.2022 Grand final day! Let's help you kickstart your financial goals. https://tinyurl.com/avjfda7r #loanmarket

Loan Market- Alvin Wong | Finance