Lalaine Ladores in City Beach, Western Australia | Mortgage brokers

Lalaine Ladores

Locality: City Beach, Western Australia

Phone: +61 457 378 231

Address: 36 Boronia Crescent 6015 City Beach, WA, Australia

Website: https://www.xchangefinance.com.au

Likes: 115

Add/Update information

Reviews

Tags

• Property
• Mortgage brokers

25.01.2022 If you are concerned about servicing your loan, reach out to your local mortgage broker for help. As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand. Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result of the Coronavirus, and in many cases are wondering h...ow they will continue to pay the bills. Difficulty with repayments According to research conducted by Finder in early 2020, about one in five mortgage borrowers, or about two million Australian households, were struggling to make repayments, despite record low interest rates. And with the challenging circumstances that have emerged since, it is anticipated that these pressures will only increase forcing more people to require financial assistance. Financial relief strategies In this difficult time lenders have responded by announcing financial relief strategies. In an official Australian Banking Association (ABA) statement, CEO Anna Bligh said, Banks stand ready to support customers and if anyone is in need of assistance, they shouldn’t wait but come forward as soon as possible. Different lenders have different assistance options. These may include, waiving fees on early term deposit withdrawals, interest rate freezes on loans, options to defer or restructure home loan repayments, and emergency credit card limit increases. It is important to remember that mortgage brokers have the knowledge, experience and relationships necessary to assist people experiencing or expecting to have trouble paying their home loans as a result of changing circumstances. In times like these, the importance of mortgage brokers in assisting customers with hardship and facilitating access to credit cannot be overstated. For many Australians particularly those in rural or regional areas brokers may represent the only source of assistance. Expertise of brokers is of critical support Brokers’ expertise in helping customers navigate the complex home lending market and their intimate understanding of their customers’ personal circumstances - means they are uniquely positioned to provide critical support for customers when discussing hardship and available options with lenders. If you have any questions or concerns about your existing loans, need further guidance on hardship assistance, or have other questions about your loan arrangements, contact me today. Lalaine Ladores. M: 0457 378 231 As a mortgage broker, I, have a legal obligation to act in your best interests when making a credit recommendation. #xchangefinance #perth #lalaine #homeloan #mortgage #australia #loanservices #loan See more

21.01.2022 Paying off your education is no reason to put off buying property. You can remember it now: sitting in a chair at the back of the lecture theatre, chatting to your friends and ignoring the debt that each day at university was plunging you into. But now you’re older and wiser, and reality has set in. You want to buy a property, but you’re unsure how your student HECS or HELP debt could impact your ability to take out a loan. ... When you apply for a home loan, you’ll need to reveal information about your liabilities, poor credit ratings and any other debts you have. This is where you need to start worrying about your student debt. If you chose to defer any of your HECS/HELP payment, you don’t need to start paying it off until you’re earning an annual taxable income of $54,869 or more. At this point your employer is required to hold a percentage of your taxable income and direct it towards your HECS/HELP loan. The percentage increases with your income but tops out at 8 per cent when you earn over $101,900 annually. Essentially, this decreases your net annual income. The finance broker believes that mortgage brokers are more than capable of dealing with the impact of student debt on a loan application. By having the ability to compare several lenders at the one time, the broker is able to recommend a product suitable for the applicant’s individual needs, says the finance broker. During the initial contact with the applicant, the broker will complete a broker fact find, enabling a comprehensive financial analysis to be conducted, says the finance broker. From there, guidance can be given on paying down or consolidating debt in order to reduce outgoings and increase borrowing capacity. If you’re getting ready to buy a property for investment or to live in, there’s no need to hold out because you’re still paying for your education. As a mortgage broker, I, have a legal obligation to act in your best interests when making a credit recommendation. Contact me today, Lalaine Ladores. M: 0457 378 231 #xchangefinance #loanservices #firsthomeloan #perth #lalaine

20.01.2022 Equipment finance is designed to give you access to the funds you need to purchase essential specialised equipment for your business. Whether you're looking to purchase a forklift to move goods in your warehouse or specialist medical monitoring machines for your private practice, equipment finance is on hand to help. Many lenders and other financial institutions offer this lending possibility, though there is a range of equipment finance options borrowers can choose from. How...Continue reading

19.01.2022 Having recently celebrated International Women’s Day, here’s a few savvy tips for all women everywhere on how to achieve greater financial wellbeing, all year round. 1. Manage your credit reputation With Comprehensive Credit Reporting now in place, knowing your credit score and what’s included in your credit file is now more important than ever, as more lenders use credit scores to assess the risk of lending you money and whether to approve or decline your application....Continue reading

18.01.2022 Are you still suffering from a debt hangover? Now that we’re at the end of the 1 quarter of the year, are you still having a hefty credit card bill from all the gift-giving, eating out, holidays, and other festive celebrations? Now, if you already have a mortgage or other loans that you’re trying to pay off, this can all become quite stressful! Don’t fear! Xchange Finance have put together an action plan to help you tackle your debts. Read on! 1. Assess your debts & create a ...budget If you have multiple debts outstanding (a credit card balance, car loan, mortgage etc.), gather up all the details so you can work out the total amount owing on each account, what interest rate & fees you’re paying, and how long you have to pay them all off. Creating a budget is essential when you’re trying to pay down your debts. Figure out how much money you have coming in and going out each month, so you know how much excess you must put towards your debt. Be realistic with your budget and don’t forget that you change it as your circumstances change. 2. Assess your credit products Once you have all the details of your accounts in front of you, you can begin to assess whether these credit products are the right fit for you. Maybe you have a credit card with a sky-high interest rate and could be better off with a balance transfer offer. Or maybe you have five personal loans on the go and could be better off consolidating them into one loan. There is no best, one-size fits all product out there for everyone. The right product for you will depend on your personal situation, your credit score, how you want to pay off your debt, and your timeline. 3. Compare credit products If you’ve decided that you want to switch up your credit products, connect with a finance broker to compare what’s available in the market. Here at Xchange Finance, you can compare a range of personal loans, asset finance and home loans all in one place. 4. Set up regular payments Now that you have your payment plan in place, set up automatic, regular payments to the lender so that you don’t miss any of your repayments. Remember with Comprehensive Credit Reporting, your repayment history makes up a big part of your credit score! Want to learn more about how you could manage your finances more effectively this year? Contact us today. #debt #financialfreedom #facebookpost #xchangefinance #perth #savingmoney

16.01.2022 Stamp duty is a charge which is applied by state governments in Australia on transactions relating to the transfer of land or property. It is paid upfront and needs to be budgeted for in addition to your loan deposit. The amount of stamp duty you are required to pay differs in each state, however there are three factors, along with the value of the property, that determine how much stamp duty you will pay. Contributing factors include: 1. whether or not the property is a p...rimary residence or investment property; 2. whether or not you are a first home buyer; and 3. if you are purchasing an established home, a new home or vacant land. There are a number of stamp duty calculators available online that take the guesswork out of budgeting for a property. Factoring in this additional cost cannot be overlooked when you are considering your capacity to repay a loan. However, in a bid by state governments to stimulate home ownership and growth, there are a range of tax concessions available to reduce stamp duty. Again exact amounts differ across each state, but those who benefit the most are first home buyers and those opting to buy a new home. . In NSW, if a new home is valued under $550,000, it will be exempt from stamp duty and if the home is valued between $550,000 and $650,000, it will receive partial concessions. To find out how much stamp duty you need to pay, and whether or not you are eligible for any concessions, contact me today, Lalaine Ladores. M: 0457 378 231 As a mortgage broker, I, have a legal obligation to act in your best interests when making a credit recommendation. #xchangefinance #stampduty #lalaine #mortgage #perth #australia

13.01.2022 A small business loan can be invaluable when you’re establishing your business or when an unforeseen setback occurs, but you don’t want a loan to be short-term gain and long-term pain. Here are six common mistakes businesses should avoid when it comes to commercial finance. Mistake #1: Not getting the right loan...Continue reading

10.01.2022 There are a range of home loans available in Australia, so it can be hard to understand their features and whether they are right for you. This guide explains all you need to know. Variable loans Variable loans are loans that are subject to interest rate fluctuations. Whenever your bank increases or decreases interest rates, you will end up either paying more or less for your loan, depending on what the bank has decided to do....Continue reading

07.01.2022 Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference. On top of a budget, a savings plan and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate expenses. Start by understanding your spend...Continue reading

05.01.2022 Personal loans are becoming increasingly popular for many Australians who are looking to finance their bigger purchases, however, it’s important to carefully consider if it’s the right option for your needs. Here are some questions you might want to ask yourself before applying for a personal loan. 1. Why am I getting a personal loan? The first and most important question is: Why? Maybe you’re looking to renovate your house, buy a car or consolidate your debts? It’s important...Continue reading

05.01.2022 Jarrod Harrison** was well on his way to becoming a first-home owner when issues cropped up prior to settlement that threatened to cost him his deposit. Having found the house he wanted to buy, and exchanged contracts for sale, Jarrod found himself considering a costly settlement extension due to unexpected problems with his deposit. While he had thought that having a deposit sitting in his account would make the process simple, Jarrod had not realised that he needed to hav...e the funds in his account for a minimum of three months before a lender would consider them genuine savings. His deposit, a gift from his parents, was due to reach the three-month milestone only nine days before settlement. Certain that he would need to apply for an extension, Jarrod spoke to a MFAA accredited finance broker to see how he should go about it. He had wanted to request a two-week extension on settlement, but I told him not to get the extension, Jarrod’s broker says, it would have involved substantial penalty interest. Rather than having Jarrod foot a $400 per day bill for an extension, the broker jumped into organising a loan, using the strong relationships and knowledge gained over a decade in the industry to hurry the processes along. What I did was look at the different panels and the different policies, I called the BDMs and sent detailed scenarios to three lenders so that there were a few options in case one didn’t work out, the broker explains. I managed to get a loan conditionally approved, subject to a valuation. The valuation came back the next day and it was formally approved, the broker adds. Not only did Jarrod’s broker find a suitable loan, he also used his expertise to ensure that it was approved on time, before settlement, without requiring an extension. As a mortgage broker, I, have a legal obligation to act in your best interests when making a credit recommendation. Contact me today, Lalaine Ladores. M: 0457 378 231 ** Names have been changed to protect clients’ privacy. #xchangefinance #loanservices #firsthomeloan #financebroker #perth #lalaine

03.01.2022 When taking out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan. Home loan application fees Most lenders charge a home loan application fee. This can range from loan to loan, and covers:...Continue reading