Fincure FMB in Perth, Western Australia | Investing service

Fincure FMB

Locality: Perth, Western Australia

Phone: +61 1300 459 833

Address: Suite 99,50 St Georges TCE 6000 Perth, WA, Australia

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

Likes: 41

Add/Update information

Reviews

Tags

• Consultation agency
• Mortgage brokers
• Investing service

25.01.2022 Top 10 Tips for Paying Your Home Loan Sooner. We all know the most common ones: 1. Paying fortnightly instead of monthly... 2. Consolidating debt 3. Abandoning minor luxuries 4. Switching to a new loan or lender with a more suitable rate . What about some others that we often don't think about? 5. Use your offset account to your advantage Instead of putting your spare cash into an interest bearing account where you earn very little interest and pay tax on the interest you earn, transfer any spare money you have into your offset account. The additional cash works to offset the interest you are paying on your home loan. 6. Split your loan If you are the type of borrower who worries about interest rates increasing but you don't want to be tied down by a fixed loan, a good compromise is a split loan. Split loans allow you to fix part of your home loan and set the balance of the loan with the variable rate of interest. 7. Use your equity If you have made good progress by paying down your home loan, many lenders will allow you to use a portion of this equity for investment. Providing you can service the new debt, it is the most common strategy for wealth creation used in Australia. ****** As long as you are being advised and guided by a reputable credit adviser or financial planner, this type of investment is usually a safe strategy to start planning your financial future***** 8. Refinance and invest the difference When you are fortunate enough to refinance and reduce your monthly repayments, rather than increasing your lifestyle or even paying down your mortgage, it is sometimes wise to invest the difference. ******We recommend you seek counsel and advice from a qualified finance specialist, before trying to figure it out yourself. Don't waste the opportunity by making mistakes****** 9. Don't be afraid of alternate lenders with cheaper rates There are many second tier lenders who provide excellent products and rates competitive to the BIG 4. As the competition for business is at its all-time high, it makes lending a very interesting sector to be working in. 10. Don't set and forget There is always the temptation to let your mortgage roll along, make your repayments as they fall due and think as little about it as possible. This attitude could be your biggest mistake. It is important to keep yourself up to date with the property and finance market. We encourage all of our clients to have an annual review with us to ensure we have you in the best financial situation available at the current time. ***** Information provided on this page is general in nature and does not constitute financial advice ****

11.01.2022 We have all heard of credit reporting, but have you heard of credit scoring? Your credit file is one of your most important financial assets. Safeguarding this file is an important part of the finance application process. Your credit file contains... - credit applications - overdue credit accounts - payment defaults - clearouts (as a missing debtor) - commercial credit information - public record information. You will have a credit score calculated from your credit file. Did you know that a score of less than 500 will severely affect your ability to gain finance from many lenders? Read our one page guide - "Keeping Score" - to find out more.

06.01.2022 We'll help you avoid the pitfalls, and we'll find loan features to suit your personal circumstances