Exceller8 Financial in Point Cook, Victoria | Property

Exceller8 Financial

Locality: Point Cook, Victoria

Phone: +61 458 872 992

Address: 96 Yuruga Boulevard 3030 Point Cook, VIC, Australia

Website: http://exceller8.com.au

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25.01.2022 Why you should choose a mortgage broker over a bank For most people looking for a home loan, the choice is simple just head to the nearest bank and see what is available. On the surface, this seems like convenient and straightforward option, so why look for a mortgage broker when the bank is right there on the main street? Here are three things a mortgage broker will offer you that your bank won’t: ... 1. Choice When you visit your bank manager to talk about a bank loan, the manager is going to offer you their latest products. The manager isn’t going to tell you that a rival bank has an offer more closely streamlined to your circumstances. And a year down the track, the manager won’t reward your loyalty by suggesting a new option tailored to your current circumstances. However, your mortgage broker has access to products from countless banks and lenders, so they will find the one that is most suited to your requirements. When your circumstances change, as you pay off your loan, your broker can suggest a different package. 2. Specialized assistance Bank employees are in the business of promoting the bank’s services which includes securing your loan. Every lender has their own method for approving or declining a bank loan, and you can waste a great deal of time trying to provide the correct application. Your broker already has an inside knowledge of how each bank assesses an application, so you have a better chance of being approved first time around. Your broker can also negotiate with the bank for policy exceptions to tailor the package to your individual specifications. You can also choose a broker who specializes in your particular loan requirements. For example, if you are purchasing a property investment, you will need a broker who understands all the financial issues of that type of loan. 3. Administrative support The mortgage broker will manage all the paperwork on your behalf and follow up with the lender, keeping you updated on the progress of the application. This saves you time and a great deal of stress, while providing you with one point of contact throughout the business of securing the loan. Ultimately, your mortgage broker is saving you both time and money by simplifying the loan application process and ensuring that you find the loan package most suited to the size of your deposit and your ability to make repayments. Contact us today if you want personalized advice about how to complete the loan application process and find the right loan package for your needs.

24.01.2022 Exciting new service - https://mailchi.mp/exceller8/exciting-new-service

24.01.2022 Pros and cons of Guarantor Home Loans As it becomes more and more difficult to break into the housing market, many families are considering the option of a guarantor home loan generally used when parents provide their house as guarantee for a child’s loan. Basically, if you haven’t succeeded in saving enough for a deposit, another property can be used as equity in order to secure the loan. This is a serious financial step and not one to be taken lightly, so let’s look at t...he pros and cons of making this decision for your family. The pros Enter the property market sooner. If you are impatient to be in your own home, or if you are confident that your financial situation will become healthier further down the line, you only need a smaller deposit to have your loan approved. Avoid Lender’s Mortgage Insurance If your deposit is less than the 20% threshold, you are usually liable for lender’s mortgage insurance as risk protection for your lender. However, when you have a guaranteed loan, the additional cost of this insurance could be reduced or waived. Access to lower interest rates The security of the guarantee will give you greater flexibility and choice when you are applying for a loan. With a smaller deposit, you could only secure a loan with high interest, making it even more difficult to make any progress on repayments. However, some lenders will not approve interest only repayments for a guaranteed loan, as you need to pay off the principal to remove the guarantee. A temporary measure Once you have repaid a certain amount, you will have enough equity to remove the guarantee so your guarantor is no longer liable for your loan. The cons High risk to the guarantor. There is one primary con to the guarantee home loan. If you default on your repayments, your guarantor is liable for the portion of the loan they have guaranteed. This means their own home is at risk. Your mortgage broker can help you calculate your repayments in advance, so you can be confident that you will be able to stay on top of the loan. You can also take the precaution of only using the guarantor for a portion of the loan, so you can free your guarantor from responsibility as soon as that portion is repaid. A guaranteed loan can be a great way to help a younger family member embark on the journey towards home ownership. However there are significant risks involved, so this option should not be undertaken lightly, and you should always seek independent financial advice. If you would like to know more about whether a guaranteed loan is the right option for your family, contact us today for a free consultation.

24.01.2022 What's your home loan interest rate? If don't know the answer, you're not alone. 1 in 3 mortgage holders has no idea what their rate is, while 86% have a rough idea but can't recall the exact figure.* Now, we're not into rate-shaming, but if you don't know yours, it could be a sign you're due for a home loan health check.... The good news is it's quick and easy. To get the ball rolling, simply call 0458 872 992, email [email protected] or DM us. Source: UBank #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

23.01.2022 Attention first home buyers! Did you know the number of first home buyers looking to enter the propery market has more than doubled since 2019? * What's getting them excited to make the leap? ... Mostly more affordable house prices, low interest rates, and the opportunity to live in a new area. Better yet, there are a range of federal and state government incentives currently available to give first home buyers a leg up into the property market. To find out more about these incentives, call 0458 872 992, email [email protected] or DM us. * Westpac #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

23.01.2022 " Are there ways your business could improve cash flow? Poor cash flow typically causes more than half (51%) of all Australian business insolvencies,* and the COVID-19 pandemic has left even more businesses than usual under pressure. But if your business is having cash flow difficulties, there are some financing solutions that can help.... To find out more DM us now, or call 0458 872 992 #exceller8financial #businessloans #melbourne #smallbusiness #smallbusinessowner #smallbusinesssupport #sydney #ballarat #geelong #geelongbusiness #sydneybusiness #melbournebusiness *Source: ASIC insolvency reports"

21.01.2022 Why you need a property inspection Whether you are purchasing a new home or an investment property, you are about to embark on one of the most important financial investments of your life. So it is essential to ensure that you are getting a fair deal. Yet, while buyers can be scrupulous about checking contracts and researching market prices, a surprising number of people tend to skip the property inspection. This means that you are taking ownership of any issues that could d...Continue reading

20.01.2022 How To Combat ATM Fee Charges CONSUMERS who use ATMs not owned by their own banks paid $660 million in mostly unnecessary fees. A large chunk of this money could be kept in people’s pockets with some good planning and budgeting.... The fees, known as foreign ATM fees, are those charged by the ATM operator when consumers use an ATM that does not belong to their own bank, or is not in a network arrangement with their bank. The fees usually average $2 or more. The Australian Bankers’ Association says 40 per cent of all ATM transactions in 2011 were done at a foreign ATM. That figure is likely to be the same today. It’s no different from going to a shop and buying a coffee you’re purchasing a service from someone, says the ABA’s chief executive, Steven Munchenberg. You are paying for the convenience. He says the best way to avoid these fees is planning and to be aware of where your own bank’s ATMs are located. You can also get cash out with Eftpos transactions, particularly at the supermarket. Munchenberg says for people who may not always have easy access to their own bank’s ATMs such as those in outer suburban or regional areas, the answer is to avoid making lots of small transactions. Legislative changes introduced in 2009 meant ATM customers had to be notified of the foreign ATM fee on the machine’s screen before the transaction was completed, and since then transactions at foreign ATMs have fallen. Many financial institutions now offer free ATM locator applications for smartphones. Source: http://news.com.au/

20.01.2022 Upgrading Your Home Before Selling? Most people have walked through beautiful model homes and wished their own home had all those modern features. Model homes showcase the latest in upgrades and decorating styles. When we get home all we can see is the tile in our bathrooms and yesterday’s details in our kitchens. These things can become overwhelming if we are considering a home sale in the near future. Can I even sell my house with granite countertops anymore?... Before you grab the sledge hammer and plan a DIY weekend of expanding your family room, take a breath. Your home doesn’t need to be the latest and greatest to fetch top dollar in the resale market. As you evaluate making changes to your home prior to listing it for sale, the first thing you should do is talk with your real estate agent. They have market experience which allows them to speak with you about how your home compares to others in your area. They work with buyers and sellers every day and know what features and upgrades are top sellersand which don’t matter at all. While the urban modern home in the magazine looks great, changing the details in your country house into industrial loft style is not an improvement. Some improvements do translate to better sales price in every case. Outdated wallpaper, dirty and worn carpet and dark rooms can always use improvement. New or cleaned carpet and a fresh coat of paint, coupled with light bright lighting, will really showcase the best features of your home. Each neighbourhood is different. As you work with your agent, you might find that there are upgrades which will net you a significantly higher sales price. For instance, if you are located in a high end, luxury neighborhood, those buyers expect updated kitchens and bathrooms and you might want to put some money into those rooms to market your home in the top end of the market. But again, talk with your agent before you guess. You don’t want to spend thousands of dollars in upgrades that your buyers don’t care aboutor worse. don’t want.

19.01.2022 How Do I Pay Off My Mortgage Sooner? Pay more, more often. Want to pay off your mortgage early? Then make bigger mortgage repayments, more frequently. You’ll own your own home sooner and save a bundle on interest. E.g. paying an extra $10 per week on a $350,000 home loan (@7% average) saves nearly two years off your mortgage and $34,382.65 in interested expenses ... Act now you pay most interest up front Most mortgages are structured so that you pay off most of the interest in the early years. If you are serious about wanting to reduce the interest you pay on your Home Loan, you’ll act now. Get rid of car loans and credit card debt You’re generally paying a higher interest rate on small loans (e.g. a car) and your credit cards so it makes sense to eliminate those debts first. So, put a rein on your credit card usage and then tackle your mortgage. Make sure you’re paying off the right mortgage When you entered the mortgage market, you might not have been as well informed as you are now. Or the market might not have been as competitive. Stay in close contact with with us to stay informed you have the right loan. I can can let you know if there is a new home loan product that will save you money over the term of the mortgage. Flexible mortgages Most debt-retirement strategies depend on you being able to pay off more of your mortgage sooner. Read the fine print or talk to us to see if you have the flexibility you need to reduce your interest charges. Pay more and pay often Assuming you have a mortgage that lets you pay extra, you should pay more and pay often. The interest charged on a $ 300,000 home loan at a rate of 7.15% over 30 years with monthly repayments is over $420,000. By paying off an additional $50 a month, you’ll reduce the interest bill by $39,000 and your loan term by 2 years and 4 months. You could look at making repayments weekly or fortnightly rather than monthly. Over 30 years the savings add up. To learn more, talk to us today today. Information source: MFAA

19.01.2022 Comparing commercial and residential property investment If you are looking for a sound real estate investment, look beyond the typical two bedroom apartment and consider expanding your portfolio with a commercial property. There are three types of commercial property office, retail and industrial. There are some significant differences between investing in commercial and residential real estate, each with a potential positive or negative impact on your investment. ...Continue reading

18.01.2022 Stamp duty: two of the most dreaded words in the world of property and finance. Fortunately, NSW and Victoria have unveiled some big changes to the inefficient tax this week, and there’s hope it’ll inspire other states to review their own stamp duty arrangements.

18.01.2022 Online auction tips COVID-19 has changed the world in many ways, and auctions are not immune. Even as the economy opens back up, it seems virtual auctions are here to stay. Here are four tips for securing property in the virtual world:... 1. Familiarize yourself with the process by observing an online auction before you're ready to purchase. 2. Register to bid on the property of your choice. You'll generally need to provide identification, and may need to download an app or permit a hold on your credit card. 3. Make sure your internet connection is stable and fast enough. Have a backup plan. 4. Get pre-approval before bidding. To line up finance before your next property goes under the (virtual) hammer, call 0458 872 992, email [email protected] or DM us. #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

17.01.2022 Rentvesting workshop - https://mailchi.mp/exceller8/rentvesting-workshop

16.01.2022 What do you think is the best type of property to invest in right now? House, townhouse, apartment, commercial or land? Well, almost 600 Australian property investors recently had their say and 74% reckon the answer is 'house'.*... But hey! More than a quarter would invest their money in the others, so there's no right or wrong answer. If you've been thinking about adding to your property portfolio, call 0458 872 992, email [email protected] or DM us. * 2020 PIPA survey #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

16.01.2022 How to narrow down what you want in a home Before you can find the perfect home, you need to know exactly what you are looking for and as you may come across desirable homes that include only a few of the features on your list, you need to know which features are the most important to you. As a further complication, you will generally be working on this list with your spouse or partner, who may have different priorities to you! So how do you work out what you are looking ...Continue reading

15.01.2022 Been knocked back on a business loan? You're not alone - one in four businesses coping with the fallout from the COVID-19 have had their application for credit rejected by lenders this year*. But don't let it keep you down - there are ways to get your business back on its feet that you might not have explored yet.... To discuss your financing options, call 0458 872 992, email [email protected] or DM us. *Source: Sensis Business Index #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

15.01.2022 What is a repayment holiday? Exactly that... a period of time where you don't make any repayments on your home loan. Usually it's a time when your financial situation changes... for example maternity leave, and therefore there is a period of reduced income.... Of course there can be other reasons too.. such as redundancies, illness etc... In any of those cases... rather than falling behind on your repayments, it's critical that you speak with your bank or broker to get some early advice to make sure you work with your lender to find an appropriate solution. Feel free to click the 'message' button if you need any information around taking a break from your home loan repayments.

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14.01.2022 Been thinking about buying a new car to go exploring lately? You're not alone. Turns out that our inability to travel overseas at the moment is leading to a big increase in car purchases (always gotta be on the move!).... New car sales for November 2020 were 95,205, an increase of 12.4% on November 2019.* So if you've been thinking about buying a new car for personal or business use, call 0458 872 992, email [email protected] or DM us. * Federal Chamber of Automotive Industries #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

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13.01.2022 Did you know if a home loan interest rate varies by 0.5% (on a $350K loan), that's a saving of $41,875.00 over the life of the loan? My free loan comparison service tells you how much you could save! Message me for a free check up today! PM me...

12.01.2022 Do something Today that makes you Happy

12.01.2022 Myths about mortgage brokers Wary about engaging a mortgage broker to see you through the loan application process? There are numerous myths about mortgage brokers that have put people off using their services. Here we debunk some of the more common myths so you can see how a mortgage broker can help you secure the best possible loan for your next property purchase. 1. Mortgage brokers are aligned with one particular lender...Continue reading

11.01.2022 Don't let this happen to you! Get a broker to find the right loan & get approved. Message me to give you a professional take on your situation.

11.01.2022 Why do you need a mortgage broker? A mortgage broker is an independent person or business who specializes in finding the most suitable home loan for a customer, based on the customer’s individual needs and circumstances. Basically, like any broker the mortgage broker liaises between you as the property buyer and the banks or lenders who will lend you the money for your mortgage. So why go to a mortgage broker when you can contact the lenders directly? ... Open communication Unlike banks and other lenders, the mortgage broker isn’t looking to sell you a specific product whether it suits you or not the broker wants to give you a full view of the market and find the right product for you. This opens up communication, as the broker needs to find out as much as possible about your requirements in order to select the most suitable loan package. And when you have questions or concerns, your broker will answer these directly. The broker’s communication skills work both ways as they have an ongoing relationship with the lenders, they can negotiate to tailor the loan for your needs. Your broker will also know how long each lender generally takes to approve a loan application giving you a realistic timeframe, so you know when you can start house hunting in earnest. Wide range of options on offer Some lenders will work exclusively with brokers, so they can offer you options that would not be available to you as an individual. Different lenders will differentiate their products with honeymoon rates and special deals, making it more difficult for you to work out who is offering what you actually need and want. The broker will also help you make realistic comparisons between different lenders, so you have a better understanding of what features you are looking for in your own loan agreement. Convenience Your loan agreement is an important financial commitment, and there could be a huge cost difference over the long term between two loans that seem right on the surface. It can take you a great deal of time to navigate the mortgage marketplace, making comparisons and calculations and filling out loan applications and if you take a wrong turn, it can be a costly error. A mortgage broker can navigate the market on your behalf, saving you valuable time and money. If you would like to know more about how a mortgage broker can secure the best home loan package for your needs, contact us today for a free consultation.

11.01.2022 House prices could jump 17% in 2021 and mortgage rates are set to rise much sooner than expected, ANZ Bank has tipped.

09.01.2022 Well, that was a year for the history books. Time to start looking forward, we reckon! And the good news is 2021 offers plenty of promise. So what’s your New Year’s resolution?

08.01.2022 How to calculate your borrowing power One of the most important factors in your home ownership journey is the amount of money you can or should borrow. You want to borrow enough that you can purchase the right property for your needs, yet you don’t want to end up out of your depth in debt. Most lenders rely on their own variation of a basic formula to calculate your borrowing power. They look at six elements of your financial situation gross income, tax, existing commitme...Continue reading

08.01.2022 " Ever transferred money to the wrong person? Mistakes happen! But if you do notice a transaction error, the sooner you report it, the more likely you are to get your money back. If you report a blunder within ten business days, the Financial Ombudsman says the funds will be returned to you. If you tell the bank within seven months, you still have a pretty good chance of getting your money back. ... Beyond seven months? Then the recipient needs to agree. What's the biggest transaction error you've made? And did you get the money back? *Source: RBA 2018 Payment Systems report"

08.01.2022 Like to know how much you can borrow? Message me today to get your free borrowing capacity report!

08.01.2022 How to ensure your renovation will increase your house value There are two main benefits to renovating your property firstly, you can make it more comfortable and compatible for your lifestyle; and secondly, you can increase the value of your home. The challenge is to find the right balance between these two benefits if you invest too much into renovations, you risk reducing the amount of profit you would make when you sell. So how do you strike the balance and turn you...r renovation into profit? The 10% rule One handy rule of thumb is to ensure your renovation doesn’t cost more than 10% of the property’s value. If you are planning an extensive renovation, do your research to make sure you are not over-capitalizing. If you are building a substantial extension on a family home, for example, you should regain the value through creating a home that suits your family’s needs for a considerable period of time. Keep it simple and contained The renovations that increase the value of a home are generally in the kitchen and bathroom. A future buyer wants to know that these rooms are up-to-date with relatively new fixtures and fittings. The garden is another selling point as potential buyers will be attracted to a healthy, well maintained garden. Take your renovations slowly, step by step, finishing one room before starting on another. This way, you can keep track of costs and also ensure that your house remains liveable rather than turning into a chaotic mess that will be finished one day! Check for council approval Before you dive into any renovations, make sure you have council approval. As part of the process, ask your neighbours to check over your plans before you start work. You don’t want the neighbours complaining that your renovation reduces the value or comfort of their home. Sometimes it just means repositioning a window that overlooks the neighbour’s yard, in order to keep everyone happy. Consider your financing Depending on your financial position, you could use your equity to finance the renovations, a combination of equity and savings, or you could take out a construction loan. In order to access the equity on your home loan, you need to ensure that the loan includes features such as redraw, line of credit and an offset account (this of course varies based on individual circumstances and needs). A construction loan is written against the renovated valuation of the property, and the lender interacts directly with the builder, making regular milestone payments and monitoring a schedule. Basically, your lender has a vested interest in ensuring your renovation increases the value of your home. If you need assistance working out the best way to finance your renovation and ensure it increases the value of your home, contact us today.

08.01.2022 Thank you for your support in 2020! Here's to a happy, healthy and prosperous 2021! From the team @exceller8financial... #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

07.01.2022 Sharing a little bit of motivation for the day

07.01.2022 Benefits of a mortgage offset account An offset account is a bank account linked to your home loan. Rather than accumulating interest within the account, the money in the offset account is offset daily against your mortgage, reducing the interest payable on your mortgage. For example, if you have $20,000 in your offset account and a mortgage of $400,000, you will only be charged interest on $380,000 rather than the full $400,000. This can drastically reduce the length of you...r mortgage and the amount you need to pay in the long term. Tax free interest As you are not earning compound interest from the money in the offset account, you are not liable to pay tax on that money. Instead you are increasing the equity in your property. Flexibility As the mortgage account is like any other transaction account, you can deposit and withdraw funds such as your salary without incurring access fees. As the offset amount is calculated daily, you can keep a lump sum in the account for emergencies while reducing interest on your loan. However, some lenders do place restrictions such as minimum transaction amounts and withdrawal fees which could end up costing more than the interest you save. Is the offset account for you? The people who benefit most from offset accounts are those who can keep a significant sum of money in an accessible account over the long term. If you are instinctively a saver, an offset account is preferable to having to pay tax on interest, as you are making significant gains through equity. It also gives you a flexible alternative to paying extra money directly into the mortgage, as you can still access the funds quickly and without penalty in case of emergency. Even having your salary deposited into your offset account ensures that for one day at least you will reduce the interest payable on your mortgage for that day. However, if you are only keeping a small minimum balance in the offset account, the interest savings will not be so significant. Talk to your mortgage broker or financial advisor about whether an offset account would be suited to your current circumstances. And before opening an offset account, make sure you are fully aware of any fees or conditions that may have a negative impact on the long term benefits. If you would like more information about how an offset account could work for you, contact us today for a personal appraisal.

06.01.2022 How much do you think the average home owner spends on renovations? Don't let the big, lavish upgrades on 'The Block' fool you... Turns out the average reno costs $63,188 in Australia.* So... how would you improve your home with $60-$70k? ... A new porch? A backyard pool? Or a garden upgrade complete with a Scotty Cam gnome statue? To explore your reno funding options, call 0458 872 992, email [email protected] or DM us. * Suncorp #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

05.01.2022 The spring selling season has sprung! The winter gloom has passed and properties are looking better and brighter. During what's known in the business as the "spring selling season" there also tend to be more properties to choose from. So if you're considering a spring purchase, call 0458 872 992, email [email protected] or DM us.... #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

05.01.2022 Trend alert: offset accounts It's not exactly the latest Parisian fashion fad, but Aussies have recently been putting more money into their offset accounts than usual.* So what exactly is an offset account? It's a transaction account that is linked to a mortgage account and it reduces the interest you pay on your loan. That's because you only pay interest on the difference between the amount of money in the account and what's left to pay on your mortgage.... Here's an example: say you owe $350,000 on your mortgage, and have $50,000 in a savings account. If you move that $50,000 into a full offset account, you’ll only pay interest on $300,000. Want to know more? Call 0458 872 992, email [email protected] or DM us. *Source: RBA #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

05.01.2022 What's your best tip for staying out of debt?

05.01.2022 How happy are you with your home office? The number of home buyers searching for a home office as part of their next property purchase spiked this year. In Victoria there was a whopping 1107% increase in searches during Lockdown 2.0 in June/July. So whether you're an employee working from home for now, or you're thinking of starting your own home business, investing in a decent home office might make your property more appealing to buyers down the track.... And if you are looking to start your own business, well, you know where to find us when it comes to seeking finance! *Source: Domain #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

04.01.2022 Need new wheels for some overdue exploring? Demand for used cars is at an all-time high, with COVID-19 putting pressure on household budgets, limiting the import of new cars and decreasing public transport use.* These factors also mean second-hand car prices have held pretty steady. ... So if you're on the hunt for a second-hand car, but don't have the cash to pay up-front, get in touch to find out about your financing options. Call 0458 872 992, email [email protected] or DM us. *Source: Moody's Analytics #Exceller8 #Exceller8Financial #BespokeLendingSolutions #EducatingClients #ClientsAlwaysFirst #Melbourne #MelbourneFinance #Sydney #SydneyFinance #Ballarat #Geelong #VIC #NSW #QLD See more

02.01.2022 Registration Session 2 - E8 Academy - https://mailchi.mp/excell/registration-session-2-e8-academy

02.01.2022 Happy Valentine’s Day Today is the perfect opportunity to make the people you love, feel appreciated, valued and important. So whether it's a partner, parent, sibling, child, relative or friend - take the time to let them know they are loved.

01.01.2022 How well placed is your retail business when it comes to its digital transformation? Today we’ll look at some of the ways your competitors might be complementing their bricks and mortar stores with online empires.

01.01.2022 How to choose the best home loan for you Taking out a home loan is a huge financial commitment and it is particularly important to choose a loan that suits your needs, so you can make repayments on your terms without worrying about hidden fees or excessive interest. Yet it can be bewildering to navigate all the different loan options available and pinpoint the loan that is best for you. It is important to keep in mind that lenders are determined to minimize their risk so for... every benefit they offer to make the loan seem enticing, there is always another fact protecting their investment. So you need to look at the loan package as a whole rather than being drawn to one particular feature. Choose the right structure for your circumstances You need to consider your financial needs and your plans for the property as you want the loan’s features to cater to your circumstances. For example, you will require different features and flexibility from your loan if the property is to be a family home rather than an investment, your first home or second home, or if you are planning to renovate. You also want a loan that is compatible with the size of deposit you can afford. Most lenders will only agree to lend 80% of the value of the property unless you agree to pay lender’s mortgage insurance (LMI) which can be expensive. Additional payments without fees One key feature to look out for is the ability to make additional payments at no extra cost. This enables you to make faster progress on your mortgage, and gives you the flexibility to pay more if you happen to have extra funds, such as an annual bonus from work. A home loan that penalizes you for making extra payments is apt to be more costly in the long term. Flexibility to adjust interest rate It is also useful to know that you can adjust your interest rate or split your loan at no extra cost if your situation or the market changes. You don’t want to be penalized financially for seeking out a more suitable loan structure. Communication Ultimately, you need strong communication and a trustworthy relationship with your lender to ensure your home loan matches your needs, and that you can change your options as your circumstances change. Alternately, you can discuss your loan requirements with a mortgage broker who will stay one step ahead of the market and help you find the home loan that is the best fit for you. Contact us today if you need assistance in finding the right home loan for your property.

01.01.2022 Top tips for young property investors It is possible for people to launch into the property investment market in their early twenties in fact, this is a great time to start, when you are first launching into your career and don’t yet have any other financial responsibilities such as a family to support. However, buying an investment property can never be an impulse decision it takes self-discipline and applied knowledge to start building a profitable investment propert...y portfolio. Set a budget and save The first step of course is to start saving for your first deposit, which is usually at least 20% of the purchase price (can be lower, check with your broker). You will need to be focused and realistic, and quite single minded in order to save a sufficient amount. Your best option is to set a budget and create a clear financial plan that will help you remain focused and prepared once you do buy your first property. Think long term While some of your peers will be looking into short term gratification visiting pubs and night clubs, booking overseas holidays or buying a new car - you need to establish a mind-set that focuses on the long term rewards of building your investment portfolio. Learn from the experts While you are saving your deposit, take this time to educate yourself about the property investment market and the best type of property for your first investment. Read articles about property investment and monitor the real estate section of your local newspaper, so you can build a vision of an affordable and profitable investment property. Consult local agents and mortgage brokers as soon as possible so they can offer their insight into the market. Seek advice from a professional accountant, who can oversee your savings plan and advise you on your first home loan. Consider a family guarantee If you have the option, you could ask a family member to act as guarantor of your bank loan. The guarantor allows the equity in their property to act as additional security for your home loan. This strategy could potentially reduce the amount of deposit you need to save. You can split the loan into two portions, so your guarantor is only guaranteeing one portion of the loan. That way, you can pay off that portion first, so you can release your guarantor from the agreement as soon as possible. Invest, don’t gamble Gambling is a game of chance where you can hope to win big but you are perhaps more likely to lose it all. Investment is based on knowledge and experience, so you make decisions that will be profitable in the long term. Learn everything you can about the property and the market, so you can make objective, beneficial decisions.