Annie Mussell | Mortgage brokers

Annie Mussell

Phone: +61 408 940 560

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• Mortgage brokers

25.01.2022 Sometimes parents wait until their kids are in their teens before they start talking about managing money when they could be starting when their kids are in preschool. Warren Buffett Totally agree, the earlier the better. Although in saying that it’s never too late! If your not that financially savvy as a parent then learn together with your child. #nevertolate #knowledgeispower #blueoceansfinance #financiallyliterate #financiallyliteratekids

25.01.2022 Have you diligently squirrelled away savings, paying down your loan by putting extra funds directly onto it? You probably think, like most people, you can access these funds through the redraw function on your loan any time. However, this may not always be the case. The redraw function on loans is just that, a function, that can be removed by the banks. As seen recently by ME Bank, who absorbed savings deposited on loan accounts and removed the ability for customers to withdr...aw funds using rebate. This was a blanket change; customers did not have to be in arrears. Banks generally do this due to avoid liquidity issues. An offset account is a transaction account separate to your home loan. The money you deposit into an offset account can not be touched by the bank. However, in times of uncertainty especially if people get into arrears an offset account at the same lender can still be accessed. Lenders under the ‘all monies’ clause (buried in your home loan contract What?! You didn’t read it.) have the right to transfer cash from any other account to balance out arrears. The moral of this post 1. If you are genuinely paying extra off your mortgage, you are probably not worried about using the rebate anyway. 2. If you have savings in a rebate account be aware that your lender can take those funds. 3. One way to protect extra funds is to put them into an account at another bank where you have no debt. If you’d like to discuss your loan structure or situation please [email protected] or 0408940560. #acautionarytaleoftherebate #beinformed #blueoceansfinance #rebateversusoffset #offset #allmoniesclause #bankpower #protectyoursavings

25.01.2022 Assistance for employers in these troubled times.

23.01.2022 The RBA have cut the cash rate by 0.25 points today, which has been passed on immediately by the big 4 banks (ANZ, CBA, NAB & Westpac). This should mean the variable rate on your loan reduces. The RBA are expected (but not guaranteed) to cut it by a further 0.25 points in next months meeting in an effort to stimulate spending due to the instability caused by the coronavirus.

23.01.2022 Is the number that should be in front of your home loan rate. Rates have come down substantially due to the economic climate and the Reserve Bank. Take advantage of it.... If you'd like a review of your loan 0408 940 560 or [email protected].

23.01.2022 ABC News: Australians passing up thousands in savings by not chasing mortgage discounts. If your mortgage is more than four years old and you have not recently refinanced, then chances are you are getting gouged by your bank, according to new data from the RBA. Challenge your lender! What are they offering ‘new business’? Or contact us and we can do it for you at no cost. 0408940560 [email protected]... https://www.abc.net.au//existing-borrowers-gouge/11943508

22.01.2022 When a bank hides fraud, they're probably not the bank for you.... Particularly when that bank is aware of other ongoing fraudulent behaviour. It affects everyone, CBA customers, staff and shareholders. CBA absorbs the loss of funds however it has to be recouped; redundancies, higher fees to customers or higher finance rates, possible lower dividends to shareholders (however lower dividends reduces share value so it's not the preferred option). Basically you as a customer pay inadvertently. #beaware #knowledgeispower #informedbroker

21.01.2022 Good news for those looking to build OR renovate. #needanewroof #getinbeforethetradiesarebookedup #blueoceansfinance https://www.theguardian.com//morrison-government-to-offer-

18.01.2022 Brilliant advice...well worth a read. https://www.cnbc.com//fathers-day-letter-to-kid-money-life

17.01.2022 Working from home? Due to COVID the ATO have simplified how you can claim home office expenses. The rate is now 80c per hour encompassing all expenses. So if you work 8 hours a day, 5 days a week between 1st Mar to 30 Jun and keep a record of this, you can effectively claim $500+ back in your tax return without requiring a ‘dedicated’ work area or office. Consult your accountant when claiming to determine if this method will benefit you or if using actual costs would be better if you have incurred larger expenses.

16.01.2022 More assistance for WA businesses. The government is going hard to keep small businesses afloat. #supportingtheeconomy #smallbusinessisthebackboneofaustralia #blueoceansfinance #beinformed

16.01.2022 This is the most common question I get asked when discussing interest rates with clients. Is it a good time to fix? Do you think the RBA will lower the cash rate? Current home loan interest rates are the lowest they have ever been in Australia. The Reserve Bank have made it clear they are not in favour of negative rates of interest, and given the cash rate is currently 0.10% how much lower can they go? Fixed rates are the most competitive in the market, generally around 0.55%... lower than variable rates. This is because banks want to lock in customers, however it is difficult to see how you could seriously disadvantage yourself locking in rates sub-2%. If you don’t like being locked in, there is always the option of fence sitting with a split loan of fixed and variable. A fixed rate ensures regular consistent repayments however a variable rate means you benefit from any future rate decrease. In the end its your risk profile and current and future requirements that determine what you choose. To discuss your requirements please call 0408 940 560 or email [email protected]. #blueoceansfinance #fixedorvariable #fixedorvariablerate #howlowcanyougo

16.01.2022 Haha...Very true. That’s my job! #brokerhumor #probablynotfunny #snortedwithlaughter

15.01.2022 It’s the perfect storm for first home buyers at present, with enticing grants available to build from the state and federal governments coupled with the first home owner grant, it’s easy to get carried away with easy money. So when the government provides a relatively easy way for people to access up to $20,000 from their superannuation it looks like a good way to get an instant house deposit. However, lenders have advised that if you are accessing your superannuation to use ...the funds as a deposit on property, it will severely limit your ability to borrow. In fact, it stops lending it in its tracks as lenders consider accessing superannuation early as being in ‘financial hardship’ whether you are or not. So, if you do not need to access your super, leave it where it is! The government and banks should have made this clearer to people hoping to buy property, particularly the under 35’s when superannuation doesn’t mean as much to them as buying their first house. Regardless of whether you’ve accessed your superannuation early, if you still want to try and obtain the government grants you have until the end of the year to save as much as you can and apply for finance. Genuine savings trumps all. #getyoursavingskateson #nomoresmashedavocado #youcandothis #blueoceansfinance #savingsupportsquad #donttouchyoursuper #governmentgrants #firsthomebuyer #FHOG

11.01.2022 Your home is likely to be your biggest investment and expense. I know you'd probably rather be having beach-hangs however reviewing your financial commitments can save you money and what better time than at the beginning of the year with current historically low rate. As a broker my services is at no charge because the lender you choose pays the fee. Save yourself the legwork, let me do it 0408 940 560 [email protected] #newyearsresolution #reviewandsave #besmartandsave #blueoceansfinance #historicallylowrates

11.01.2022 An excellent guide for financial survival in these strange COVID times. With an open mind there’s always something to learn whether your going through financial difficulty at present or not. Covering emergency financial support, government assistance payments, maintaining payments on your rent or mortgage, payment priorities, making repayment arrangements and accessing superannuation early. https://ndh.org.au/debt-problems/covid19/

10.01.2022 Buyers of freshly built homes would get a $50,000 cheque from the Morrison government under a $2.5 billion plan from the Property Council to kickstart the economy. https://apple.news/AQkq0kRApQLqQLn-cm2DPtw

10.01.2022 My clients are good at what they do. They’ve likely been doing their work for years, they are successful professionals. Successful people delegate their finances to professionals they trust for a variety of reasons such as freeing up their own time, ensuring they obtain competitive rates and low fees and because it may not be their area of expertise. Its important to work together with clients to discuss all aspects of the financial decision they'll make when it comes to a... loan. #myclientsareimportant #workingtogether #smartbroker #blueoceansfinance #financialliteracy

05.01.2022 The Reserve Bank have dropped interest rates again by 0.25% due to current world affairs. These affairs will affect the economy, whether they blow over in a couple of weeks or months. During this time you'll want to minimise outflow of funds, including interest on your loan, which is likely to be your largest expense. Your rates should be under 3%, if not your simply giving money to the bank. If you'd like to discuss your loan please call for a chat 0408 940 560 or email [email protected].

03.01.2022 Our current situation really highlights how much we need essential workers! We appreciate you so much! If you need a coffee after a long shift Tiny Coffee on Clark have you covered

02.01.2022 There's never been a better time to refinance. Call to discuss 0408 940 560 [email protected] #neverbeenabettertime #timingiseverything #blueoceansfinance #smartbroker #wellIfindfinanceexciting #makethemostofinterestrates

02.01.2022 Spring has sprung and it feel like we are slowly coming out of the bubble of COVID, whilst the world around us continues to be affected. Who could possibly have predicted how the property market would react? We took on additional staff to manage the workload. Australia continues to benefit from the lowest interest rates in history, so make sure to review your home loans before Christmas hits for some extra funds in your pocket. Contact us to assist [email protected] or 0408 940 560. #greenshoots #sunshinehappydays #blueoceansfinance #yarri_restaurant

01.01.2022 Australia's lenders will enable small business customers to defer their loan repayments for six months in response to the economic fallout from the coronavirus outbreak. If your a small business with loans be proactive and call your lender now to suspend payments. https://www.mortgagebusiness.com.au//14368-banks-to-suspen