Highlands Finance Broker | Finance

Highlands Finance Broker

Phone: +61 499 906 888

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23.01.2022 You can make a big mistake if you buy something that’s not going to suit you for long...

22.01.2022 If you're thinking about a new caravan, boat or camper in the new year, have a chat to us before you go shopping. We have a range of competitive finance options... to assist, and can even handle your insurance. And if you need a bigger car to get the job done, we have access to a car buying service to find, negotiate and buy the car you’re looking for. So if you’re keen to explore our wonderful country, contact us before you buy. We can apply for pre-approval and explain your budget and options, letting you focus on more important things like planning the perfect local getaway.

21.01.2022 Comparing apples with oranges doesn’t make sense. To make finding the right loan easier, and to make advertised rates as transparent as possible, we have compar...ison rates. You’re looking for a great mortgage deal and you see an ad ‘3.8% INTEREST!’, underneath that is ‘7.9% comparison rate’. What does this mean? What is a comparison rate? A comparison rate aims to indicate the true cost of a loan. A comparison rate is designed to help you understand the overall cost of a loan based on several relevant factors, rather than just the interest rate. Each comparison rate is calculated using a standard formula: Amount of the loan ($150,000) Interest rate Loan term (25 years) Repayment frequency Fees and charges such as Establishment, Valuation, Exit Costs, Mortgage Documentation and Settlement fees It also takes into account loans with a lower introductory rate that revert to a different interest rate after a set period of time. Why it’s important The goal is to help you make a more accurate comparison when considering different loans. Ensuring all lenders use a standard formula comparison rate makes it much simpler to hold two loan products side by side and see at a glance which one is the better deal financially. Why you need to be careful While comparison rates can be a good starting point, they’re not the only thing to consider. If your loan is going to be for $900,000, the comparison rate for your loan could be vastly different to the standard one. Loan features and benefits, short and long term goals, and product flexibility are just some of the other factors that need to be taken into account. Comparison rates are a very handy tool. It’s important, however, to look at a rate that is specific to your circumstances. One of our friendly Finance Brokers can do exactly that for you, and also ensure your goals, lifestyle and personal circumstances are considered before taking a loan. So why not contact us today to compare?

19.01.2022 We're with you throughout your life, providing financial solutions to suit your unique circumstances.

19.01.2022 With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard ...against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. Fixed-rate loans usually come with a few provisos: borrowers may be restricted to maximum payments during the fixed term and can face hefty break fees for paying off the loan early or switching to variable interest during the fixed-rate period. However, locking in the interest rate on your home loan can offer stability. Fixed rates are locked in for an amount of time that is prearranged between you and your lender. In addition, you might consider the possibility of arranging a ‘split’ loan. This option allows you to split your loan between fixed and variable rates either 50/50 or at some other ratio. This can allow you to ‘lock in’ a fixed interest rate on a portion of your loan, while the remainder is on a variable rate which may give you more flexibility when interest rates change and potentially minimise the risks associated with interest rate movements. Be aware that at the end of the fixed-rate term, your loan agreement will include information about how the loan will then be managed by the lender, usually to a ‘revert’ variable rate which may not be the lowest the lender offers. We understand that each person’s circumstances are unique. If you want more information on what type of loan might best suit your circumstances, please send us a message.

19.01.2022 Keen to save money on your domestic or business insurance? Want to ensure you have the cover you really need with the assistance of our qualified General Insurance Brokers? Contact us today.

18.01.2022 We often only pay attention to student debt at tax time when we are reviewing our tax returns. Here's a bit more about how it all works.

15.01.2022 Don't wait for a disaster to review your policy, make sure you know what you are covered for.

15.01.2022 "The Reserve Bank of Australia has flagged keeping the official interest rate at a historical low for the next three years." With these incredibly low interest rates, now's a great time to review your loans. Send me a message to find out more.

15.01.2022 For those that have been working from home you will find this information beneficial.

14.01.2022 Lenders Mortgage Insurance explained.

11.01.2022 COVID-19 has led to a spike in the number of scams being perpetrated online. Whether it’s trying to sell products to cure the virus, or pretending to be from government agencies ‘phishing’ for your information, scammers are capitalising on the fallout from the pandemic. Here are four recent examples targeting Australians. For more information see the Government’s Scamwatch website: www.scamwatch.gov.au

11.01.2022 Are you looking to sell your home? Here are some tips to style it like a pro. https://www.moneymag.com.au/tips-getting-house-ready-sell...

10.01.2022 Helping people improve their current situation is a great feeling

09.01.2022 In the wake of the COVID-19 pandemic, many young adults have been forced out of work and back into the family home. As the pandemic stretches on, how can you manage the added cost of supporting your children and help them get back on their feet? https://www.moneyandlife.com.au/.../when-your-adult...

09.01.2022 Get yourself into the habit of stopping and thinking about what you're spending! You may find yourself reassessing what you buy and saving more.

08.01.2022 Worth a read particularly if you have accessed your Super during these trying times.