Capital Wealth Financial Services in Sydney, Australia | Financial service

Capital Wealth Financial Services

Locality: Sydney, Australia

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25.01.2022 Dear friends, Please listen to this advice as there is so much information out there that some people feel overwhelmed with it all. This is some great advice if you are in hardship and need some clear direction.... https://omny.fm//anna-bligh-ceo-australian-banking-associa #staysafe #stayhome #wewillgetthroughthistogether.

24.01.2022 Hi all, Please read and share if you own an investment property in QLD or know someone that does.

23.01.2022 They shall grow not old, as we that are left grow old: Age shall not weary them, nor the years condemn. At the going down of the sun and in the morning We will remember them.

23.01.2022 Here’s a great article on the Pros and Cons of fixing your home loan. If you require further information, please get in touch with us and we can asssit.

22.01.2022 The reserve bank has cut the official interest rates today to a historic low of 0.25%

20.01.2022 Dear friends, Please like and share this article from Pepper Home Loans and what they are currently offering to help their customers. We urge to contact your lender immediately if you are suffering financial hardship, sooner rather than later. ... Stay safe #wewillgetthroughthistogether

20.01.2022 Dear friends, Some good news today. The Australian Banking Association (ABA) has announced what will happen to your credit rating (credit report) throughout the current crisis if you do have hardship happening. Anyone who makes an arrangement with their bank or lender PRIOR to being behind in a loan (so if you are granted a 3 or 6 month deferral of your loan repayments) will NOT have their credit rating affected, as a result, as long as you were up to date with your payments... prior to entering into a payment arrangement. As we have been saying all along, it is extremely important to call your financial institution BEFORE you start failing to meet your financial commitments. Anna Blight has said "There may be other factors which can affect a customer’s credit rating, but customers accepting a COVID-19 loan repayment deferral can rest easy that the deferral will not be one of them, Now just to remind you all - PLEASE don't use these payment plans unless you NEED to, as the interest on the loan will still capitalise, so you will owe more at the end of the payment plan than the beginning if you are not making payments, and you will either be required to make up those payments OR the loan term will be extended (more than likely by over a year for a 6 months break so its going to cost you to use this deferral). #staysafe #stayhome #wewillgetthroughthistogether

14.01.2022 Dear friends, Please like and share this article as it may be useful to you or a loved one. More than ever we are facing financial stress due to the Pandemic currently effecting is all. ... If you or a loved one is facing financial stress, please contact your lender and speak to them as they are assisting many of their customers who are in the same position. Please do not put this off, as the lenders are not mind readers. This also applies for credit cards, personal loans, car loans etc. Please stay safe and if you need further assistance, please reach out to us, even if we are not your broker . #staysafe #wewillgetthroughthistogether

09.01.2022 Dear friends, If you are suffering financially due to the COVID19 Pandemic, you can now access your superannuation to help relieve some of the financial strain. Please be aware that there may be long term effects to your superannuation and retirement plans by utilising this option. We strongly suggest speaking to a professional or your financial planner prior to considering this option.

08.01.2022 Dear friends, If you're concerned about your loan repayments, lenders are being very flexible at the moment. The best thing you can do is give them a call and start the conversation as early as possible. See below list of links where you can find the financial hardship teams contact details. Even if we aren't your broker or you're a client of a branch please feel free to reach out to us for help ... CommBank: https://www.commbank.com.au/latest/coronavirus.html ANZ: https://www.anz.com.au/perso/home-loans/your-loan/covid-19/ NAB: https://www.nab.com.au//c/covid19-help/home-owners-support Westpac: https://www.westpac.com.au/help/disaster-relief/coronavirus/ St George: https://www.stgeorge.com.au//sust/disaster-relief/covid-19 Macquarie: https://www.macquarie.com//person/forms/financial-hardship ING Direct: https://www.ing.com.au//tips-hints/financial-hardship.html Suncorp: https://www.suncorp.com.au//help/financial-difficulty.html AMP: https://www.amp.com.au/home-loans/financial-hardship Bankwest: https://www.bankwest.com.au//guides/financial-hardship-ass ME Bank: https://www.mebank.com.au/support/coronavirus-information/ BOQ: https://www.boq.com.au/help-and-support/assistance Other Support Lifeline is available 24/7 on 13 11 44 should you require further support

06.01.2022 Please like and share everyone. Australians suffering financial hardship during the coronavirus crisis will now be able to access up to $10,000 of their own superannuation. Eligible people will be able to apply to access their super accounts through MyGov before July 1 2020. After that, they will be access another $10,000 through the next three months.... Josh Frydenberg said in Canberra that the withdrawals would be tax-free." "People will be able to access superannuation early. They will be able to access up to $10,000 this financial year and $10,000 next financial year. The withdrawals from superannuation will be tax free - and available to people on benefits and to sole traders and casuals who have lost 20 per cent or more in working hours or income as a result of the coronavirus crisis."

03.01.2022 Please use the resources that are available to you. The lenders are here to help anyone in financial hardship that requires assistance.

01.01.2022 To all our valued clients and friends please consider this advice and share it with as many people as possible. Re Corona Virus effects on work and incomehardship assistance. People are already feeling the financial effects of the Corona virus with loss of work, reduced hours of work and less work for self-employed plus many other side effects.... Banks have always been required to have a functioning and operational Hardship department that is required to offer assistance to any customer who is experiencing financial, health or emotional hardship. A bank cannot open its doors and function without one. A client can be offered a number of ways to help them through a difficult time including up to 3 months off paying anything at allyes this applies to all facilitiesmortgages, personal loans and credit cards. The 3 months of reduced or zero payments can be extended under special circumstances. The longest I know of was 13 months without any payments on a mortgage. The trouble is that too many people do not know of the existence of the Hardship Department at their bank and so when they get into trouble, they often do the bury your head in the sand trick hoping the issue will sort itself outwhen it doesn’t, more serious issues arise including serious mental health issues. Banks are not mind readers and need to be told of the hardship, so please act sooner rather than later. The recent announcements by federal government and legislators is encouraging the banks and lenders to be even more understanding and lenient towards customers who are experiencing hardship because of the effects of the Corona Virus on businesses and financial markets. I believe that right now, all brokers can perform a very important service to their clients and the community at large by informing all clients and others they speak with of the Hardship Departments existence and to encourage anyone who is having issues with meeting payment deadlines to immediately make contact with the CP and actually ask by name for the Hardship Department . That is a mustdo not start telling the call center operator about your issuesjust tell the operator you must speak with the Hardship Department. Once on a hardship arrangement, you cannot be defaulted unless you break the conditions of that arrangement. The team at Capital Wealth are always here to help, so please get in contact if you require further assistance.