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C I D Finance

Phone: +61 434 182 777

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24.01.2022 What week for CID Finance There is defeintely a confidence spike in the property market as the Government easing more restrictions and encoraging us to get back to our "new normal" We've been flat off our feet helping clients through the process and paperwork maze of securing their first home. And helping existing mortgage owners refinance to take advantage of lower interest rates.... Have a great weekend ahead friends!

23.01.2022 What exactly do I do? I help people navigate through the competitive and ever-changing mortgage landscape to find the right loan for them. I work for my clients and will bat and negotiate on their behalf, and make the process as simple as possible. With 20 years lending experience I give my clients gudiance avoid pitfalls and find the right loan to suit their personal circumstances. Want to learn more about CID Finance please check out my website www.cidfinance.com.au

22.01.2022 There are a number of reasons to consider refinance your home loan during Covid, here are a few. I can help you compare the cost of refinancing through a range of lenders and explore the best option for your circumstances. To book a time to discuss refinancing your home loan please call 0434 182 777 or email [email protected]

21.01.2022 It's what I do best!

20.01.2022 Well there is only 18 weeks left until Christmas ....

20.01.2022 A common question first home owners ask is do they really need to have saved 10% to be approved for a loan? Not really ... If you can show "genuine savings" that is, show savings that you have saved yourself gradually over a period of time. Generally speaking, lenders require at least 5% of savings in the applicants account saved over three months.... There are some lenders that offer non genuine savings loan if you can meet standard lending criteria. And there is the First Home Loan Deposit Schemes (FHLDS) will become available from 1 July 2020. The FHLDS allows eligible singles and couples to buy their first home with only a 5% deposit, without paying expensive mortgage insurance. If you've been wanting to finally own your first home, why not schedule a chat with me to learn about the different options available to you and your circumstance. Please call 0434 182 777 or email [email protected]

19.01.2022 We may not be able to indulge in a show bag this year due to the virus pandemic forcing the cancellation of our much loved local shows, but we can pack our travel bags for a long weekend getaway. The new date for the Gold Coast Show public holiday on Friday August 14 has officially been locked by the State Government. As a result, the Gold Coast Show holiday has moved from August 28 to August 14. The Government agreed by moving the Show Holiday to a Friday therefore a long weekend, it will encourage locals to take mini-breaks and give our tourism industry a much-needed boost.

19.01.2022 Finding the right home loan doesnt have to be daunting. I help clients take the guesswork out of finding a loan by comparing a range of products from over 40 lenders to find the one thats right for them and their situation. Here are 4 things to consider when choosing the right loan:

18.01.2022 I wonder how many days July will have?

18.01.2022 Although restrictions are continuing to lift, many businesses are still hurting during these uncertain times. Here are a few suggestions on how you can support a small business without spending money. So if you see a fellow business owner's social media post, like, comment or share it. Go to your favourite cafe's Google page and write them a review, or recommend a business to a family or friend. Like mortgage brokers, business owners are working for you, let's support each other

17.01.2022 While in some situations an unpaid default can be removed from a credit file, there are a number of things to consider before approaching a credit provider to remove a negative credit listing for an unpaid account. In most cases a default can only be removed from a credit file based on an error or fault being found with the process the credit provider. Given this, if a default is unpaid and it is proven the necessary steps were not followed by the credit provider, the default... can be removed even if there is money outstanding on the account the default relates to. Having said that, it is important to note the removal of an unpaid default does not mean the debt is also removed. The credit provider may still pursue the debt even if they have removed the default. If a credit provider is forced to remove an unpaid default due to a fault or error with the listing process, they will often be motivated to protect the debt and can become aggressive with its recovery. This could involve passing the debt to a collection company or commencing legal proceedings. For this reason, it is generally recommended the payment or settlement of the debt be part of the resolution when dealing with a creditor regarding the removal of a default. A credit provider is more likely to be amicable and willing to consider a default removal request if the debt can be rectified. Even in a case where the debt can be resolved, creditors will often only remove a default if grounds for this can be established. In most cases a default cannot be removed based solely on the payment or settlement of the debt, however there is no doubt that also talking with a creditor about the resolution of an account in conjunction with a default removal proposal will go a long way to achieving a positive outcome.

16.01.2022 After a divisive election season, Donald Trump officially became the 45th President of the United States on January 20, 2017. A lot has happened globally and locally since then. With lenders continuing to offer very competitive rates, now is an ideal time to consider refinancing your existing loan to get a more competitive rate, or swapping to a more suitable product with your existing lender. I can help review your situation to ensure you have the right loan for your circu...mstances. If youd like to start a no obligations chat about getting a better deal on your loan please call me on 0434 182 777 or email [email protected]

16.01.2022 Looking to apply for a loan? Did you know there are a few things that can jeopardise your application. Here are a few things: 1. Too many loan applications with different banks. Every time you apply for credit, it's listed on your credit report as an enquiry. If you apply for too many loans, this can cause your credit score to drop. This is especially true if some of the applications are denied. 2. After Pay, Zip Pay, Zip Money etc accounts. Many people don't realise these a...re credit contracts and goes against your credit file. So banks will see it and impacts approval and borrowing capacity. Mortgage Brokers are valuable in assisting applicants with securing their loan. They work on behalf of the applicant. A good broker will work out what you can afford to borrow prior to your application, and give sound actionable advice to help you secure your loan. I'm available if you would like loan guidance or advice or have questions about the lending process. To chat call 0434 182 777 or email [email protected]

16.01.2022 Ive had a few people contact me over the last few weeks with previous poor credit history asking about home loans. The banks and mainstream lenders dont really have an appetite for anyone with "financial entanglement" i.e defaults, bankruptcies or section 9s listed on their credit report. The occasional exception to that is a very small default that is less than $500 and if it was paid very quickly.... Most defaults and section 9s are listed for 5 years. Most bankruptcies are listed for 7 years. These must be paid in full or discharged prior to getting a home loan with anyone at all. Once paid, there are non conforming lenders that will do home loans for clients with these listings. However in most cases you will need either a 15% or 20% deposit plus fees, stamp duty, legal fees etc. And you could have a higher interest rate than a standard home loan. The best way to have a good credit rating is to pay everything on time. Once upon a time you needed a credit card or car loan to prove you can pay on time but that isnt needed anymore so dont take out a loan for the sake of it. Only borrow money if you NEED to. The less debt you have the higher your borrowing capacity

16.01.2022 The RBA has announced that the cash rate will remain unchanged for July with rates remaining at 0.25%. The RBA is mindful of rising concerns around unemployment post-JobKeeper, falls in housing and home loan approvals, decreasing property values and decreasing credit growth. The RBA maintains the stance that negative interest rates are not the best option for the economy at this point. If the COVID-19 crisis is affecting your financial situation, please get in touch so we can... formulate a plan to manage your loan repayments during these unprecedented times. With lenders continuing to offer very competitive rates, I can help review your situation to ensure you have the right loan for your circumstances. If youd like to chat about the best way to manage your mortgage as the COVID-19 crisis continues to unfold, please dont hesitate to give me a call on 0434 182 777 or email [email protected]

16.01.2022 A common question propsecting or current borrowers ask themselves. An advantage to using a mortgage broker is the fact that you get to talk to a person. Someone who knows the lending process and able to answer all you questions or address all your concerns. Someone who will listen to your individual situation, provide advice and suggest a strategy to reach your financial goals. Someone who will guide you throughout the process from start to finish. If you want to make sure you're getting the right loan for your financial situation speak to a mortgage broker.

15.01.2022 Life of a mortgage broker We never really stop thinking of getting the best possible outcome for our clients.

14.01.2022 Working from home has been a luxury of mine for many years now being an independant mortgage broker. But surprisingly it's not very easy for some. The divide between home life and work can quickly blur. Distractions are everywhere and can be very difficult to avoid. On the blog I share 7 tips for working from home success. https://www.cidfinance.com.au/working-from-home-done-right/

12.01.2022 Got a question about the HomeBuilder scheme like, how to know if you qualify? Can you use it in addition to the First Home Owner grant? Can it be used for purchasing any property? If you have a puzzling question about the scheme, comment below, I'll answer them.

11.01.2022 Time for a new car? Low doc loans are ideal for businesses who need equipment to support their growing company. With banks lowering their interest rates you can secure a low doc loan for as low as 3.99%. If you have been in business for at least 1 year in business, have good credit history, a property owner and would like to learn more about this product please call 0434 182 777 or email [email protected]

10.01.2022 You thought I was going to say coffee Get Pre-approval. It is the first and foremost thing you should do when you are getting ready to buy a property. Rather than entering into a contract and wasting everyones time when you are declined. Having pre-approval gives you, your broker, the agent and the seller confidence you can buy.... It also gives you a budget which can help identify the types of properties or suburbs you can consider.

10.01.2022 A budget is telling your money where to go instead of wondering where it went. Budgeting is a basic tool of finance. Its the equivalent to your doctor measuring your height, weight, blood pressure, body temperature and pulse. Proper budgeting can help you avoid spending more money than you make which in turn can help you avoid falling into debt. It can also get you out of debt, and help you save for the future in order to achieve your goals.... Budgeting has other benefits like: - help you decide on a financial path; - offers control over your finances, - and can actually reduce stress and promote a happy, healthy relationship with money. If you've been wanting to understand and take control of your financial situation it's time to budget! To help get you started we have a Budget Planner which is available on our website here: https://www.cidfinance.com.au/calculators/budget-planner/

09.01.2022 As restrictions are slowly lifted and people are beginning to return back to their routines. Theres no denying our normal isnt the same as before. Even us mortgage brokers need to review how we conduct and sustain our business post covid. Here's an interesting article sharing mortgage brokering predictions post covid. ... Do you have any predictions on how mortgage brokering or lending might be post covid? Share your thoughts in the comments. https://www.theadviser.com.au//40229-9-mortgage-broking-pr

09.01.2022 Just saying ....

08.01.2022 As expected, the Reserve Bank of Australia kept the cash rate at 0.25% at its meeting last week as the country continues to deal with the COVID-19 pandemic. The RBA, conscious of reductions in consumer spending, further falls in house prices and the flow on economic impact of stage four restrictions in Victoria, has consistently stated that it sees a cash rate of 0.25% as the floor. With rates at a record low and lenders continuing to offer very competitive rates, why not rev...iew your situation to ensure you have the right product for you right now? Were here to help if you have any questions or wish to review your circumstances. Please dont hesitate to give us a call on 0434 182 777 or email [email protected]

07.01.2022 Curious about how much you can borrow? Maybe you want to know the loan repayment if you borrowed a certain amount of money? Or you would like to get an idea of how you can use your income and expenses create a budget? Did you know on my website I have over 20 calculators to help you work through a number of scenarios and help plan you financial situation? To access these free online calculators please go to my website: https://www.cidfinance.com.au/calculators

07.01.2022 Many mortgage holders believe it is a good time to refinance their loan, given current market conditions. The record-low mortgage interest rates and strong competition among lenders gives mortgage holders an opportunity to review the state of their home loan to secure a better deal. Mortgage holders want to know what options and products are available to them during these challenging economic times. However many mortgage holders are confused about what refinancing involves. ... Speak to a qualified and experience mortgage broker, who can help you manage the complexities. A mortgage broker will review your current circumstance and find out what refinancing deals are available in the market or more appropriate product with your existing lender. To start an obligation free chat to a mortgage broker with 20 years of experience call Clayton on 0434 182 777 or email [email protected] @shellmanda

06.01.2022 Tag someone who needs to see this Buy Now Pay Later providers such as AfterPay and Zip Pay have experienced massive growth in popularity, with the number of users jumping from 400,000 to approximately 2 million between 2015 and 2018. Driven by a simple proposition whereby the Buy Now Pay Later provider pays the merchant on behalf of the customer, allowing the customer to obtain the goods or receive a service immediately while subsequently paying off the debt generally ...through instalments, Buy Now Pay Later presents a tempting offering. Its the layby of our day but in reverse. Its your forward credit for an item, which is the issue for lending. You need to be cautious of overdoing it as this could risk effecting their chances of securing a home loan further down the track. Utilising this payment method may potentially send the wrong message to a bank. If a lender sees a buy now pay later provider frequently on a clients bank statements, that can trigger more questions about their spending behaviours and ultimately may mean they choose to decline the application. See more

05.01.2022 Resharing from Empty Esky Making small changes to your everyday spending can make big changes to our struggling businesses! Imagine how many more jobs we could create if we all started spending more with local business?! Let's support our local small businesses ... (Research from Andersonville study of retail economics)

04.01.2022 The Government recently announced the HomeBuilder Scheme which gives home owners $25,000 cash grants for new homes and renovations. Curious about what other conditions and qualifications you must meet to qualify? Please check out OSR's website: https://treasury.gov.au/coronavirus/homebuilder

03.01.2022 Its clear that Covid has impacted every part of the economy including property. However unlike more recent downturns which was more economic, Covid is driven by health. Interesting thoughts on how to view the property market while continue while we wait until normalcy returns.

02.01.2022 Is this a question you've been wondering? I can give you an approximate answer after you tell me the following: - total income after tax of everyone applying for the loan - total liabilities ... - total credit card limits If you would like to know more why not book a call with me to discuss how much you could borrow. To book please call 0434 182 777 or email [email protected]

02.01.2022 If not call your bank and get a better rate #DudeWithASign

02.01.2022 I hear it all the time. At social gatherings, even read it in Facebook groups. Not saying every repeated lending comment is incorrect. Maybe it's advice THEY have been given for THEIR situation. Don't just believe what Karen said at that school playground, speak to an experienced broker about your individual circumstance who will give you tailored guidance based on your needs.

02.01.2022 Today is ! Although it's not actually on today, The Gold Coast Show is not completely cancelled this year, but rather it will be moved to a new Christmas date! After fears the original August date would have to be called off, organisers have come through with a Show Must Go On attitude.... The 114th Annual Gold Coast Show will be postponed from 28-30 August to 11-13 December. There's still many things to do in and around Gold Coast this long weekend. To see what's on around you check out We Are Gold Coast's website https://wearegc.com.au/whats-on/