David Allen | Finance

David Allen

Phone: 0404 090 001

Add/Update information

Reviews

Tags

• Businesses
• Financial service
• Finance

24.01.2022 How to save a deposit: house-sitting One of the toughest parts of realising the dream of owning a home is saving for a deposit. The options seem pretty dismal subsisting on a diet of beans on toast, never socialising, moving back in with the parents and are almost enough to prompt a commitment to a life of renting. To help the savings grow without resorting to these options, many people house-sit while squirrelling away funds.... Dave and Esther Muller, a couple in their mid-20s, have saved almost $25,000 they would have used on bills and rent by house-sitting. It was an especially good financial decision when they were living on a single wage, with Dave working at the local bike shop as Esther finished her final year at university. Before they started house-sitting, Dave and Esther were renting a small apartment in Mosman, NSW, and they estimate they have saved $22,000 in rent and approximately $2000 in bills by house-sitting. Of course, it is much easier if you have flexibility in where you live and for how long, but the real key is an ambition to save. Many of Mindahomes members are professional couples and singles who are paying off debts or saving for a deposit for a home of their own. House-sitting gives them an opportunity to live comfortably and see different places while saving money, explains Mindahome Australias Sue Coombs. Young Australians can adapt easily to new experiences and locations, making them ideal candidates for house-sitting. They usually have few belongings to lug around, so its easier to deal with the transition between house-sits. Its also a great way to trial different areas before committing to buying a home or apartment. Of course, you may not have all the comforts of home, but house-sitting can even mean seeing a bit of the world while saving a deposit. We recommend you offer your services for free in return for a free stay, says Rachel Martin You could even house-sit in another country, saving you money and giving you a holiday at the same time. Ready to find out how much you need to save and how to do it? Talk to an MFAA accredited credit adviser. You can call David Allen on 0404 090 001

23.01.2022 The 10 Sydney suburbs to boom in 2016. Let David Allen help you set 2016 to be your most exciting yet with your next property purchase

22.01.2022 Make your dollar count, talk to your friendly local Broker today on 0404 090 001

21.01.2022 Should you refinance for a better deal? Refinancing a loan can take advantage of lower interest rates to bring down the overall cost of servicing a loan. But its not always the best, or the only, option. There are many different factors borrowers need to consider when thinking about refinancing a loan. The first step is to speak to an expert about your needs and whether you can afford to service a different loan structure.... At this point, an MFAA Approved Credit Adviser will also need to find out about your existing loan, repayments and the structure of the facility. The current value of the property is also taken into consideration, so the credit adviser will have access to current data that will indicate what the asset is worth. Then credit advisers will have a look at the various loan options and figure out whether its worth it for the borrower to refinance. Its not usually worth it if its only going to save a couple of hundred dollars a year, taking into consideration exit and application fees. But if its going to save upward of $1000 a year, refinancing might be a sensible approach. Another key consideration is lenders mortgage insurance (LMI). If switching loans means you will need to pay LMI again, sometimes its not worth refinancing. If you want to refinance just to lower lending costs, ask your credit adviser David Allen to negotiate with the bank for a lower rate. If you do decide to go down the refinancing path, working with a credit adviser rather than going straight to a bank has advantages because the adviser has access to loan options from scores of different lenders. With access to 30+ different lenders, David Allen can compare lots of different rates and, if there is a better opportunity he will able to access it. So call David today on 0404 090 001

19.01.2022 Happy to say that whilst I write loans with all of my 30+ lenders, it's still nice to be recognised for my achievements, no matter which lender it comes from!

19.01.2022 Feeling the burn on your bank account after Christmas, here's how to buy a property without a 20% deposit When you consider that a small flat in Sydney could set you back half a million dollars at the moment, saving a 20% deposit to buy that flat $100,000 can seem an insurmountable task. Thats where insurance can help. Lenders mortgage insurance (LMI) may be an added expense, but it offers buyers the opportunity to dive into the property market earlier, without saving up... an entire 20 per cent of the propertys purchase price as a deposit. What is it? LMI protects the bank or lender, should a home loan go into default, guaranteeing that the lender will get its money back if the property needs to be sold and there is a shortfall in repaying the loan. While a 20% deposit generally provides a good buffer against any drops in property value over the life of a loan, LMI can also provide the same protection, meaning borrowers can purchase property with a smaller deposit. Whats in it for you? For the borrower, it may seem LMI it is just another expense to cover. But insurance can mean that some buyers will be able to enter the property market with, for example, only a five per cent deposit saved. In the example above, a $500,000 property, this brings the deposit down from $100,000 to just $25,000. And, if the market is hot and prices are rising rapidly, paying LMI so that you can buy now could be cheaper than taking the time to save a bigger deposit. In the time it takes to save a higher deposit amount, property prices may well have surged by more than cost of the insurance so, for some properties and purchasers, it can make good financial sense to purchase earlier even with the added cost of LMI, especially when you consider the rent that you would pay while youre saving. What you need to know The insurance premium is generally a one-off payment, but you may be able to roll it into the loan amount so that you are paying for it month-by-month along with your mortgage. There can be a big difference between premiums paid if you have, for example, a 10 per cent deposit saved compared with a five per cent deposit, so it may well be worth trying to gather together some extra funds, even if you despair of reaching the full 20 per cent. So call your broker David Allen today to see if you can in fact buy that dream home sooner- Ph: 0404 090 001

19.01.2022 Credit adviser or bank? When youre looking for a home loan, you could go to a credit adviser or to a bank. While a bank will only offer you its own products, a credit adviser is an industry expert who will take the guesswork out of finding the mortgage or finance product that suits you and your needs. Its understandable that credit advisers are now the number one choice for one in every two consumers who are seeking a home loan or to refinance an existing loan. Businesses a...re also engaging credit advisers to help them with their finance needs from car and equipment leasing to loans to help their businesses expand. What can a credit adviser do for you? The leg-work Credit advisers already know the industry, the lenders, their products and their requirements, saving you a lot of time and energy on research. They will also put the time into finding out about your particular credit situation and have a wealth of experience to draw on to help you simplify it. Translate industry jargon Credit advisers are able to make sense of what the loan documents and lenders are saying put it into lay-persons language, so to speak. Get you what you want Advisers will determine your borrowing needs and fiscal ability, and choose the best product to suit your requirements. Give you a broader choice Being brokers, credit advisers have to offer a larger selection of loan products. While a bank can only offer you its own products, credit advisers can help you choose from a selection of loans provided by different lenders. Credit advisers have the knowledge and tools to compare hundreds of products and you get the right loan for your circumstances and needs. Find you a good deal Loan providers are always spruiking a special deal or two, and these could make a big difference to your repayments or success rate. A credit adviser will know which of the deals on the market at the moment is right for you. Theyre in it for the long haul A credit adviser wont just love you and leave you they will oversee and manage on your behalf the loans progression right through to the end. By the way, the end isn't when you sign the documents and buy your property; you can expect your credit adviser to keep track of you and your changing needs, helping you should you need to switch products or wish to purchase another property, So contact your friendly local broker David Allen on Ph: 0404 090 001 or email [email protected]

18.01.2022 DIY Christmas trees for any space

18.01.2022 Two states are keeping economy going

17.01.2022 Need air con to keep your house cool over summer? Or maybe extra cash to get your home more comfortable? David Allen might be able to find you a better rate with over 30 different lenders at his finger tips. Call David on 0404 090 001 or email [email protected]

17.01.2022 How the trend towards apartment living is redefining the Australian neighbourhood

16.01.2022 How to create your own photo booth at home, silly season is just around the corner!

16.01.2022 7 Christmas Gift Ideas for First Home Buyers

15.01.2022 Thinking about Purchasing an Investment or Holiday home, David Allen can help you make it a reality no matter how big or small! Call David, your friendly local broker today on 0404 090 001 or email [email protected]

14.01.2022 Australian dollar defies Fed expectations, commodity rout

14.01.2022 How to style your home for Christmas

14.01.2022 Thinking of investing but don't have the time? All it takes is a Phone call to your friendly local Broker David Allen - 0404 090 001

14.01.2022 Rundown Darlinghurst home with no kitchen listed for $1.2 million

13.01.2022 The most common questions buyers ask, answered

12.01.2022 Weather you're wanting to purchase your first home or looking at investing, with over 30 different lenders at hand David Allen can help you get there. Call David on 0404 090 001 or email [email protected] for a quick chat to see what he can do for you.

11.01.2022 Do you have space on your property for a granny flat? This could be a great way to bring in some more income and help you save. Call David Allen for a free review of your home loan -Ph: 0404 090 001

11.01.2022 What does your dream home look like? David Allen can help, call 0404 090 001 today for expert advise

09.01.2022 Travel hacks for the money-conscious traveller. Also find out if I can save you money on your mortgage repayments with one simple, free consultation. Phone David Allen on 0404 090 001

08.01.2022 Christmas break is a great time to think about the potential in your next house / renovation. David Allen can help them become reality. call David on 0404 090 001

07.01.2022 Preparing for interest rate rises

07.01.2022 Seven things buyers should look for when inspecting a property

07.01.2022 How to do a $329,000 designer home renovation in 16 weeks.

06.01.2022 How to furnish your house when you can't afford furniture, or call your friendly local broker David Allen for some money saving tips on your home loan today on Ph: 0404 090 001

06.01.2022 How to save an extra $55 a week for your home deposit

05.01.2022 Be financially ready for the Christmas period

05.01.2022 Understanding renovation loans - David Allen can help Ph: 0404 090 001

01.01.2022 Is this the world's most impressive wardrobe? Call David Allen to see how you may be able to Extend or upgrade your home - Ph: 0404 090 001 or email [email protected]