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Excellente Finance

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22.01.2022 Home loan repayment 'holidays'... clearing up some potential confusion... Many - most - lenders are offering what's called repayment holidays now that so many people are finding themselves jobless or in trouble due to the current situation. I have realised there is a lot of confusion about what that may entail.... Most - not all - but many work in the following way; Example: You are approved for 3 months of 'repayment holiday' - you normally pay say $1500/month -for those 3 months you are allowed to pay nothing - and as it is pre-arranged with your lender your credit rating will not suffer. Near the end of the 3 months you may sometimes apply for a further 3 months if needed. During these months your loan will still accrue interest - and in fact slightly more because you have not been paying any off. And then what happens when the 3 or more months are over and Covid19 is gone (hopefully) - life is more normal and you get back to a job and back to repaying your loan again ... Then your lender will recalculate what your new monthly repayments need to be so that your overall original loan term is still the same as what you originally contracted. Ie you've had the loan for 5 years - on a 30 year term ... after the repayment holiday the bank may say in this example Jane Bloggs you will now need to pay $1550/month for the rest of that loan to pay it off in the same original time. Some lenders work differently - you do need to check! But the above is a general example of how it often works! Most lenders will not ask you to pay the missed 3 or 6 x $1500 immediately after the 'break' is over - that would be unbearable for many! But always do reach out to your broker or lender! They know best or at least will know how to find out what needs to be found out. Do not simply stop paying without trying to make an arrangement as that will affect your credit rating and future loan possibilities even if you may have had 'good reason' for running out of cash! Stay safe - keep a distance - and keep smiling! We will all get through this! See you on the other side!

09.01.2022 A worthwhile warning for this year;

05.01.2022 CASH ASSISTANCE for bushfire victims... Whilst the following is not an exhaustive list (let's hope more lenders open up their coffers) - we have been advised of at least the following lenders having announced CASH assistance by way of grants to those of their customers losing their homes during these horrible bush fires. Feel free to share! ... Bluestone: $5,000 cash - ring 132583 La Trobe Financial: 12 mths of interest & charges paid on your home loan plus Interest Free finance available to cover any potential short fall between insurance value and actual cost of rebuilding - ring 1800 620 639 NAB: $2,000 for homes lost, plus another $2,000 for business premises totally or significantly damaged by the fires - ring 1300 683 106 for homes; 1300 023 429 for businesses. PLAN Lend: $2,000 for homes - ring 1300 683 106 As always, I am more than happy to assist with any financial predicaments or concerns in light of these recent stressful times - or if you need assistance with traversing any financial hardship applications or the above! All you need to do is reach out to me, on 0416 22 50 54. Text preferred and I will ring you back!. My thoughts are with those most affected by these tragic circumstances!

04.01.2022 HELP FOR OUR FIRIES ;-) To all of my likers; colleagues; clients; associates; friends... Being in the midst of all the action (but luckily still have my home intact) - I'm amazed at the ongoing efforts by all our service personnel and volunteers!!!... But even heroes need sustenance and help!! And even though we are donating from our every shop or opportunity this is NOT an overnight affair- this is and will be a marathon!! If there are ANY in my network who have influential friends; companies; bosses or similar - or just some spare cash to donate items - and are able to assist with donations then I'm happy to come and pick up (have a large station wagon) - and bring direct to some of our troops especially the hard hit Bilpin and Kurrajong Heights units!! Items urgently - and ongoing - needed: Eye drops Aerogard Gift cards/vouchers any amounts also as presents for the firies and their families Sweets as long as quick and easy to eat Gatorade/Powerade Please reach deep and/or far in your sphere of influence!! I can either be direct msged or replied to here ;-). A big heartfelt thank you! Marianne.