Lawson Finance in Narre Warren South, Victoria | Financial service

Lawson Finance

Locality: Narre Warren South, Victoria

Phone: +61 449 504 016

Address: PO Box 4121 3805 Narre Warren South, VIC, Australia

Website: http://lawsonfinance.com.au

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24.01.2022 When is the best time to refinance your home loan? As a home owner with a mortgage, chances are you’ve heard of the term 'refinancing'. Refinancing involves reviewing your current mortgage, and potentially swapping your loan to another lender who can better meet your current needs, wants and circumstances. Refinancing can also allow you to consolidate your debts or pay down your mortgage more quickly....Continue reading

20.01.2022 Before allowing pets at the property, establish a pet clause in your tenant’s rental agreement.

20.01.2022 Buy Now Pay Later - the hidden danger potentially stopping you from owning your own home Published by MFAA The Buy Now Pay Later sector is winning-over the youth demographic with the promise of instant gratification, but leading mortgage brokers are warning that with every sugar-high comes the risk of a corresponding low.... ‘Buy Now Pay Later’ providers such as AfterPay and Zip Pay have experienced massive growth in popularity, with the number of users jumping from 400,000 to approximately 2 million between 2015 and 2018. Driven by a simple proposition whereby the Buy Now Pay Later provider pays the merchant on behalf of the customer, allowing the customer to obtain the goods or receive a service immediately while subsequently paying off the debt generally through instalments, Buy Now Pay Later presents a tempting offering. But as the sector’s breakneck growth continues, mortgage professionals are warning users, particularly in the younger demographic, to be cautious of overdoing it as this could risk effecting their chances of securing a home loan further down the track. It’s the layby of our day but in reverse. It’s your forward credit for an item, which I don’t agree with, said one leading mortgage broker. In theory, it makes sense. You get the item or service and pay it off over instalments, so you’re actually putting forward your liability. This might be ok for someone that manages their money well, if they pay off the item on time and use their mortgage offset account correctly. This way they’re delaying expenses and offsetting more of their savings against their home loan. But there’s probably one per cent of people doing that and the rest of them are spending beyond their means, the broker added. As a result, according to this broker, there may also be a stigma associated with using Buy Now Pay Later schemes rather than paying up-front and in-full. Utilising this payment method may potentially send the wrong message to a bank. If a lender sees a ‘buy now pay later’ provider frequently on a client’s bank statements, that can trigger more questions about their spending behaviours and ultimately may mean they choose to decline the application. I would much prefer to see my clients save for the item and demonstrate those good habits. If you are concerned about your level of expenditure or your ability to secure a home loan, a conversation with your local mortgage broker could set you on the right path. It’s important to appropriately manage your expenses well in advance of applying for a home loan, that way you can show the bank that you can save and afford to service a mortgage when the time comes, the broker said.

15.01.2022 ICYMI: These are the renos you may want to skip in 2019.

13.01.2022 Not sure if you can afford to buy a home? Contact me for an obligation free chat and I can assess your situation.

12.01.2022 Top ways to cut your expenses and increase your savings Is the key to saving a home deposit as simple as giving up ‘smashed avo’? Well not quite. But spending less does make a difference....Continue reading

10.01.2022 Legislation changes are threatening the mortgage broking industry, which could lead to higher home loan interest rates. Sign our online petition at www.brokerbehindyou.com.au #dontkillcompetition

05.01.2022 The Process Of Securing A Home Loan Through A Broker According to 2016 Deloitte research, prospective home buyers are using mortgage brokers to secure home loans because they expect brokers will save them money and assist them through the home loan application process. If you decide a broker is for you, you’ll engage with them in a number of key stages throughout the application process and beyond....Continue reading