Chardon and Abbott Home Loans in Penrith, New South Wales | Financial planner

Chardon and Abbott Home Loans

Locality: Penrith, New South Wales

Phone: +61 2 4731 5085

Address: 354-360 High St Suite 4 2750 Penrith, NSW, Australia

Website: http://www.chardonabbott.com.au/

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25.01.2022 Home Loan Hack #2 An offset account can provide huge savings over the life of a home loan. Every cent of your money can work to reduce your loan because the balance of your offset is deducted from the loans value when interest is calculated. Lets say you have a $500,000 home loan and $30,000 in a full offset account. In this hypothetical example, you pay interest only on the difference between the two $470,000. While this saving wont reduce your scheduled loan repaymen...ts, the interest you save off your loan will help you reduce your mortgage faster. It means less of your money has to go towards paying interest and more can go towards paying off the principal (your overall loan amount). Need any tips or information? Don't hesitate to send us a message on Facebook or call us on (02) 47315085

25.01.2022 Are you interested in investing in property and are unsure where and when to invest? On the 23rd October our business partners Blue Wealth, who specialise in property market analysis, are hosting an information evening at Panthers in Penrith. This information evening will cover:... -The latest on how the main Australian property markets are tracking. -How to use the latest research to make sound investment decisions. -Why property investment can have less risk than other asset classes. -How Australians are using property as a retirement strategy. If you are interested, send Geoff or Jarrod a message and well reserve you a seat. Geoff- 0400251966 Jarrod- 0404016733

25.01.2022 Don't let your debt repayments control you. Take control and enjoy financial freedom with a easy home loan health check. http://chardonabbott.com.au/home-loan-health-check/

25.01.2022 With the current change in the property market, refinancing could save you thousands.

25.01.2022 Following these 5 simple steps is EASY, anyone can do it. Click on the link to find out more.

24.01.2022 Home Loan Hack Dont set and forget your home loan repayments. One of the most effective ways to pay down your home loan faster is to make additional payments. Regularly paying a little bit extra or making lump sum payments will have a significant impact on lowering your loan. Check out this example:... Five years into paying off his $300,000 home loan, Sam decides to up his $1,430 monthly repayments by an extra $250. By doing so, Sam will shave five years, eight months off his loan term and save $39,562 in interest. Its an impressive saving, considering hes only paying around $60 extra each week. Finding the extra $60 to put on his home loan was easier than he thought he now makes his lunch four days a week instead of eating out. Paying a lump sum can also bring good savings. Lets say Sam receives a tax refund and a work bonus that totals $20,000. He decides to put it towards paying off his loan. Hell make a $31,000 interest saving and reduce his loan term by three years. Inspired to put some extra cash on your home loan? Let us know, and well check that your loan enables you to make extra repayments without penalty. Fixed rate loans often restrict extra repayments and place limits on the total amount youre allowed to repay.

24.01.2022 Buying your first home can be an overwhelming experience. Let us take the stress out of getting your first home loan. Start with a simple Pre-Approval today. Find out how much you can borrow, what your repayments will be and what your entitlements are. #firsthomebuyers #getapreapproval #dreamscometrue

20.01.2022 Be careful about over spending this Christmas. Afterpay, Zip pay and credit cards are like any other trap, it is easy to get into debt, but difficult to get out of.

20.01.2022 With interest rates as low as 3.99% you would be crazy not to consider a home loan health check. Save thousands and reduce mortgage repayments. http://chardonabbott.com.au/home-loan-health-check/

20.01.2022 Does buying a home feel out of reach? Then this is a must read article. We can help you get into the property market. Call TODAY on (02) 4731 5085.

19.01.2022 Attention all first home buyers! -Are you looking at purchasing your first home within the next 18 months? -Do you know what your borrowing capacity is?... -Do you have a deposit saved or want to know how much of a deposit you need to save? -Do you have a financial plan set in place? The answers to all these questions are just a phone call away. Call us on 02 4731 5085

19.01.2022 Home Loan Hack A simple tip that helps! Pay down your home loan faster by rounding up your repayments to the nearest $10 or $100. Chances are you wont even notice the difference to your hip pocket, yet rounding-up can deliver noticeable savings over the lifetime of the loan.

18.01.2022 Wishing everyone a Merry Christmas and a Happy New Year from the team at Chardon & Abbott Home Loans!

18.01.2022 $1500 cash back when you refinance your existing home loan. SAVE on your weekly repayments and get $1500 cash back. Now that's an offer to hard to refuse! Call us NOW on (02) 4731 5085. #conditionsapply* #mortgagebrokers #wemakeiteasy

18.01.2022 We are the Refinancing & Consolidation experts, helping families in the Penrith region for more than 20 years. Click the image below to start the journey to your financial freedom or call one of our friendly professionals.

18.01.2022 A home-loan health check costs nothing and could save thousands. Call our experts today or book a consultation on (02) 4731 5085

18.01.2022 Happy Birthday to our newest recruit Jarrod! We all hope you have a great day!

17.01.2022 Save your legs and call a loan expert! How do you match a loan and lender to your needs? Rather than running around finding out the details of each and every lender and loan, draw on the expertise of a Mortgage Broker. Mortgage brokers have access to and know the ins and outs of more than 30 different lenders. Here at Chardon & Abbott we analyse your personal situation and use our knowledge and expertise to find the most suitable and beneficial loan for you. ... Need any tips or information? Don't hesitate to call us on (02) 47315085

17.01.2022 Need a top up on your existing loan? Dont hesitate in seeing us irrespective of the size of the loan. Your business is very important to us and this will give us the opportunity to assess your current loan product.... Contact us on 02 4731 5085

17.01.2022 Basic Variable Rate from 4.08% (comparison rate 4.10%) and 3 year fixed rates from 3.99% (comparison rate 4.59%) #mortgagebrokerspenrith #lowinterestrates #refinancewithus

16.01.2022 Refinancing your home loan is a simple solution to free up extra funds or reduce current expenses. Click on the image below and see how easy it is. #ourserviceisfree #wedoalltheworkforyou #releasetheburdon

15.01.2022 Congratulations to our Elite Brokers, Mick and Geoff. Well deserved recognition from the CBA for all their hard work throughout the year.

14.01.2022 We here Chardon and Abbott Home Loans would like to wish all of our valued clients and their families a very Merry Christmas and a Happy New Year!

13.01.2022 It can be confusing to know where to begin when purchasing a home.The team from Chardon & Abbott have had over 40 years in the finance industry, simplify this process. #mortgagebrokerspenrith #chardonandabbott #experiencematters

13.01.2022 We can help you, help your children break into the property market. Call us on (02) 4731 5085

13.01.2022 Home Loan Deposits If you have family or friends who are wanting to purchase their first property and just aren't quite sure about what size deposit they need, show them our home loan deposits beginners guide. Lets take a look at the basic facts about home loan deposits. The more you understand the options available, the better equipped you are to find a way onto the property ladder. As your mortgage broker, we can provide the expert guidance you need to fi...nd an affordable way into the home loan market. The size of your deposit: A 20% deposit is the norm, but its possible to take out a home loan on a smaller deposit. The advantage of a 20% deposit is that you wont have to pay lenders mortgage insurance as you are borrowing 80% of the value of the property. Remember to put aside enough money to cover the rest of the fees and charges associated with buying a home. A small deposit: There are lenders willing to accept home loan deposits as small as 5%. The downside of a small deposit is larger loan repayments. Youll also have to wear the cost of lenders mortgage insurance and higher interest rates. If youre having trouble saving a deposit, you may want to consider options like asking your parents to give you a gift of the deposit amount. Alternatively, if your parents own their home and will act as guarantors, some lenders may allow you to borrow up to 100% of the purchase price. What LVR means: Loan-to-valuation ratio (LVR) is the term used by lenders to determine the risk factor of the home loan. LVR is the amount of money you borrow for a loan divided by the value of your property and expressed as a percentage. An 80% LVR means the lender is willing to lend up to 80% towards the purchase of your new home. The cost of lenders mortgage insurance: Lenders mortgage insurance (LMI) is a one-off fee that protects the lender if you cant repay the loan. When you have less than a 20% deposit saved, most lenders will make it a condition of loan approval that you have LMI. Depending on the lender, you can usually choose to pay LMI up front or add it to your loan repayments. The cost of LMI varies between lenders and is based on factors like LVR and how much you borrow. For some borrowers, it might end up as a few thousand dollars, but for others, it can be tens of thousands of dollars. If you are after any additional information, don't hesitate calling us on 02 4731 5085.

12.01.2022 If You Could Save $67,383 in Five Years, Would You? That's the real decision you could be making when it comes time to choosing the payback term of a home loan of $500,000. Caught up in the excitement of purchasing a new home, few of us give much thought to whether the loan term should be 25 or 30 years. After all, its easy to believe that a few years here or there won't impact significantly on the overall cost.... One of the clear advantages of the longer term 30-year loan is lower monthly repayments. More time to pay means spreading the amount owed over an extended period. Consider this, if you choose a longer 30-year term on a $500,000 home loan your weekly repayments will be roughly $550.00. Your 25-year term weekly repayments will be $609. That's a saving of $59 per week, or $255 per month, which may be appealing and certainly may help your cash flow and make for more comfortable mortgage repayments [source]. How loan terms compare: 25 vs 30 years Let's do some figures on the life of your loan to see what an extra five years really mean. Any increase in the loan term means a corresponding increase in the amount of interest you pay. So if you have a $500,000 mortgage at 3.99% interest, your total loan repayments over 30 years would be $858,311 with an interest amount of $358,311. Take the same home loan and put it over 25 years and you will see a significant reduction in cost. Your total loan repayments would be $790,928, with an interest amount of $290,928 [source]. Let's look at those savings. By paying that extra $59 per week and paying your home loan off five years earlier, you will save $67,383. That's a nice renovation to your property, overseas travel or a nest egg for later years. It's certainly something to think about. As your mortgage broker, we can help you run some sums before making this decision. Taking the time to make a considered choice could make a significant financial difference but be sure to seek expert advice to assess the pros and cons for your individual circumstance.

11.01.2022 How much are you currently paying on your home loan. If your paying more than 3.99%, your paying to much. By talking to the experts you could save THOUSANDS!

10.01.2022 Did you see our Home Loan Hack from yesterday? Click on the link below and try our calculators to see how much we could save you! Give us a call if you would like to discuss these savings further. http://chardonabbott.com.au/calculator/

07.01.2022 More interest rate rises! ANZ and CBA are the latest lenders to increase their interest rates. For more information, call us on 02 4731 5085... http://www.abc.net.au//anz-lifts-variable-mortgat/10208852

07.01.2022 Interest Rate Rises! Suncorp and Adelaide Bank have followed Westpac's recent decision to increase its variable rates. For more information, call us on 02 4731 5085.... http://www.abc.net.au//rate-rises-roll-out-as-sun/10187804

06.01.2022 Are you interested in investing in property but are unsure where or how to start? Do you know how much equity you have in your property? Do you know what your borrowing capacity is?... These are all questions we can help you answer. Call us on 02 4731 5085

06.01.2022 Would you like to reduce your loan repayments? Consolidate & enjoy your financial freedom.

04.01.2022 Talk to your local experts today. Specialist in refinancing and consolidation.

03.01.2022 The Ultimate Home Loan Hack Lets take the example of switching to fortnightly. If you pay $2,000 a month that means you are paying $24,000 off the loan principal a year. If you changed your repayments to $1,000 a fortnight, that amounts to $26,000 a year as there are 26 fortnights in a year. This puts you ahead by a full month each year. Weekly repayments bring an equivalent saving if you were to switch to paying $500 a week for the 52 weeks of the year.... Home loan interest is usually calculated on a daily basis, using the balance at the end of the day. This means the more frequently you pay, not only are you paying back the principal faster, you are also reducing the interest youll accrue. Let us know if you decide to change to fortnightly or weekly payments. Well check that your loan offers this option and that it doesnt charge extra fees for making more frequent repayments. Give us a call on 02 47315085.

01.01.2022 Need a top up on your existing loan? Don’t hesitate in seeing us irrespective of the size of the loan. Your business is very important to us and this will give us the opportunity to assess your current loan product.... Contact us on 02 4731 5085