Green Light Finance in Heathmont, Victoria, Australia | Mortgage brokers

Green Light Finance

Locality: Heathmont, Victoria, Australia

Phone: +61 418 303 638

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• Property
• Loan service
• Mortgage brokers

24.01.2022 Good evening everyone. Are you looking at buying a new or demonstrator car? Let Green Light Finance do all the leg work and find you the car you're looking for. We have access to all the major car brands and will get you the car you want with all the features you want at a very good price. And above all, it's a free service! Give me a call or message me to talk further.

21.01.2022 Good morning all. Just a quick one to let you know that interest rates are at an all time low. If you haven't reviewed your home loan in the last two years, you could be wasting money on higher interest costs. I can provide a free financial health check that could save you thousands of dollars. It will only take 30 minutes of your time. What have you got to lose? Message me and I could save you money. Thanks. Kim...

19.01.2022 When did you last have a financial check up? Is it ime to consider fixing your home loan? http://www.news.com.au//n/50eac118225c97956e492644904ebd44

14.01.2022 Monthly or fortnightly repayments (continued)... I was speaking to one of my friends on the weekend and he raised my post of last week regarding monthly V fortnightly payments. He asked what difference weekly payments make. Thanks for the question Jesse! I was going to write about that issue later this week but since Jesse has raised the question I will answer it now. Using the previous example of a monthly repayment of $1,000, if we divide the repayment by 4 we get $250 p...er week. This too will equate to an annual repayment figure of $13,000 ($250 x 52 weeks) which is the equivilent of one extra full monthly repayment. The interest charge will be less too, because the loan balance is reducing weekly and home loan interest is calculated using the outstanding balance, on a daily basis. I hope that answers your question Jesse and thanks for asking it.

13.01.2022 Looking for a new car? One of my tradie clients rang me at 5.15pm on a Friday and said he was looking at buying a new work car. With extras, quote he obtained was for $66,000. By midday on the Monday, gave him a quote of $61,250 and a day later, another quote of $60,109. Not bad for a free service...

08.01.2022 Good morning. The major banks have all announced interest rate increases to their existing loans. There are some great deals available at the moment. Please feel free to message me or call on 0418 303 638 to see how much you could save. All it will cost to find out is a phone call or message. What have you got to lose except interest on your housing loan?

02.01.2022 Monthly or fortnightly payments? Loan repayments are generally calculated on a monthly basis. However, you often have the option of paying either fortnightly or monthly. Paying half of your monthly repayment every two weeks is an excellent way to reduce your home loan interest. Be careful though, as there are some months with three fortnightly cycles, so you may be caught out. Assuming your monthly repayments were $1,000, after a year you would have paid $12,000 (12 x $1,0...00). If you split your monthly payment in half, you would pay a fortnightly payment of $500 ($1,000 divided by 2). As there are 26 fortnights in a year, you will pay $13,000 (26 x $500). This is $1,000 (equivalent to one monthly payment) more than if you were making repayments on a monthly basis. These additional funds come directly off your loan principal, and reduces the amount on which future interest will be calculated. As the interest is less, more of your repayment will be going towards paying the principal off your loan, which means that your mortgage gets paid off sooner. If you have any qustions, please do not hesitate to give me a call.