Loan Processing & Administrative Services in Brisbane City | Mortgage brokers

Loan Processing & Administrative Services

Locality: Brisbane City

Phone: +61 424 726 189

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25.01.2022 **Giveaway** Once we hit 500 likes on our Facebook page we will give one lucky winner a FREE 4.5m x 4.5m jumping castle for their next event with any theme of t...heir choice! Share this status with family and friends. To enter please like our page, like this post, share and comment with your name See more

24.01.2022 Good news for those in the Brisbane house market, the May Home Value Index reports that Brisbane as a whole is showing less volatility than its southern sisters..., Sydney and Melbourne. There has been a slight decline of .8% in Ipswich, however most of the Brisbane area has seen 0% drop in valuations and many parts of Brisbane have seen a slight increase. Read the entire article here: https://bit.ly/38BdriV

22.01.2022 Six Steps to becoming mortgage-free - Step 4: Offsets and Redraws Would you like to cut your mortgage by years and pay less? What if you could get your mortgage... all wrapped up in record time, and spend more time doing the things you love? Well, there are six steps you can take now, which will make a real difference to the time it takes to pay off your loan. You could be mortgage-free sooner than you think. In the past weeks, we looked at Step 1: choosing the best loan, Step 2: changing your repayment frequency, and Step 3: Pay more to pay early. Today, find out how offset accounts and redraw facilities can help you move quickly towards losing that mortgage forever. Step 4: Offsets and Redraws Do you have a savings account that you use to put money away for a rainy day? You might be surprised to learn that this can save you money on your home loan - even if you keep the money in savings. This is commonly referred to as an offset account. Many lenders offer a 100% offset account which, when linked with your mortgage, can dramatically reduce the interest that you pay on your loan. The reason for this, is that the savings 'offset' what you owe, and you're only charged interest on your loan amount - minus your savings. This can have a significant impact on your loan in the long term. For example, if you have a loan of $400k, and keep $30k in an offset account, you could save over $150k in interest over the life of your loan. Another handy mortgage feature to look out for is a redraw facility. This allows you to make extra repayments on your loan whenever you want, but gives you the flexibility of taking that additional money back in the future if your plans change. By taking advantage of offset accounts and redraw facilities, you can take control of your financial goals today, and pay your loan off sooner. Want to escape your mortgage as soon as possible? Stay tuned for Step 5: Don't take candy from strangers.

20.01.2022 For the more adventurous - here is a guide to investing in Commercial Property. When mum and dad investors consider property, most look no further than the resi...dential market. While homes and apartments may be seen as simpler and safer options, many investors are prepared to defy tradition and set their sights on the commercial sector. Commercial property differs to residential, but with the right understanding of the key drivers, it need not be more complex. How does commercial property differ to residential? Firstly, commercial property attracts GST on the purchase price and the rent received, unlike residential real estate, which remains GST-free on both fronts. An exception to this may be where the property is acquired with an existing lease in place. In this case, the vendor may be able to treat the sale as a 'GST exempt sale of a going concern' (refer www.ato.gov.au). Commercial properties also usually attract higher yields - seven to eight per cent on average, compared to half that for the residential market. But the higher returns are often offset by the bigger risk of longer vacancy periods, which is why choice of property is paramount.* On the up side, commercial tenants tend to take much longer leases than domestic renters, providing a stable financial footing for your investment. Another distinction is who pays for property upgrades. In the residential sector, owners foot the bill for maintenance, repairs and improvements, while tenants usually cover the cost of refurbishments to suit their particular enterprise. The right property With retail outlets, offices and industrial estates all sitting at the heart of our economy, it can be hard to decide which type of commercial property to invest in. Many first-time commercial investors are business owners looking to end the rent cycle and acquire an asset at the same time. If you don't own your own business, a good starting point is to consider the same principles that apply to residential investment. Look for properties in growth sectors in areas with low vacancy rates. A drive around any light industrial estate, CBD or retail strip will quickly reveal the 'for rent' signs and give you a pulse check on local supply and demand. You should also consider local infrastructure, such as transport, and even commercial entities that may be a drawcard for others. In the retail sector, a big brand name with a long-term lease (called an anchor tenant) can be the attraction for smaller operators looking to cash in on the high foot traffic the big name will generate. Commercial tenants also look for properties with high visibility, easy access and plenty of parking, especially if there is no public transport nearby. If looking at a light industrial property or office complex in a commercial estate, check it is not in a flood zone. Some commercial complexes are built in low-lying areas at risk of riverine or flash-flooding. Flood cover is not always offered on commercial properties and can be costly when available, so assess the risk thoroughly before you invest. Commercial property agents will happily help you with the property hunt. Keep in mind their job is to sell, so make sure you do your own homework on values, vacancy rates, average rents and potential tenants for any property put forward. Another helpful starting point is your mortgage broker. They can help you work out your budget based on your existing loans and financial arrangements and find a loan product suitable for your circumstances. The right tenants Attracting the right tenants is the key to successful commercial investment. Concerned by the potential for long vacancy periods, commercial property investors often snap up the first tenant who comes along. Take time to research whether the applicant is in a viable sector with strong demand or a waning one. While you can lock any tenant into a three-year lease, an insolvent business will not be able to pay the rent, no matter how many demands you place on it. On the other hand, a flourishing business with a strong track record may request a longer term lease in some cases up to 10 years. You may even be able to request a bank guarantee for the term of the lease. * The information contained in this article does not constitute either financial or taxation advice. We recommend you speak with your financial advisor, and as taxation legislation is complex, you should consult a tax advisor or contact the ATO for further details and expert advice in relation to your personal circumstances.

19.01.2022 After working as both a Mortgage & Insurance Broker I now provide support to a number of brokers across Australia processing their mortgage applications and also provide support to clients looking for the right broker to assist them with their journey. Now with over twelve years industry experience I strongly believe and understand the need for Mortgage & Insurance Brokers and the important role they play in the finance sector. Brokers if you require loan support please get... in touch! Clients if you need a Broker please get in touch!

15.01.2022 Know your rights as a borrower. As a borrower, it pays to know your rights - and don't be afraid to exercise them! It can all seem a little intimidating when yo...u apply for a loan, and it seems like the lender is putting a lot of conditions on you as the borrower. But what are your rights? Borrowers are heavily protected by state and federal law, and you can expect your lender to keep up their end of the bargain too. You have: The right to know what you're in for The lender must provide you with a very detailed contract which outlines all of the terms and conditions of your loan in clear language. You should take the time to understand all of your obligations, fees and charges and make sure the loan amount details are all correct. The right to know your interest rate Your lender is required to communicate interest rate changes to you in advance - either directly, or by putting an advertisement in a major newspaper. The right to know your repayment amount The lender must provide you with written notice at least 20 days before your interest rate is due to increase. The right to a copy of your loan statement A loan statement must be provided to you every six months. You have the right to dispute any transactions that you don't feel are correct or justified. The right to pay out your loan at any time There may be some fees involved, but you do have the right to pay your loan out at any time. Accordingly, you also have the right to know your payout figure, which your lender must provide to you within 7 days of receiving a written request. The right to terminate your contract before the funds are drawn down You have the right to pull out of the transaction if the funds have not yet been drawn down for settlement to take place. The right to get assistance in times of financial hardship There is legislation in place to protect you if you experience financially tough times. It's worth investigating the relevant options so that you are ready for the unexpected. But, you would remember from childhood that more rights usually equals greater responsibilities. There are a few obligations that you must keep to your lender as well: Provide truthful, factual information when you apply. - Make all of the repayments on the due date. - Keep the property in good condition and don't make any big alterations without getting permission from your lender. - Take out insurance for the full replacement value of the buildings/structures and keep the insurance policy paid and current. - Don't sell, rent, or mortgage the property without your lender's permission.

15.01.2022 Do you know what your credit record says about you? Have you ever actually seen it? For many borrowers, it can be quite a surprise to learn that a few blotche...s have appeared over the years on their credit history report. Unfortunately, many are blissfully unaware until they apply for a home loan. Once your application has been lodged, it can be tricky to challenge your credit report and prove your worth to the lenders. Don't let this happen to you. Enrol in boot-camp today and get your credit record in shape - and the good news? You won't need to squeeze into the Lycra and start counting calories. 1) Review your credit record The first step is to get your hands on a copy of your credit history report. This can usually be done through your mortgage broker, or by directly contacting a Credit Reporting Body. There are quite a few companies who can provide your credit report to you, but the national bodies are: Veda, D&B, and Experian. 2) Challenge any discrepancies or misunderstandings If you think that there's a discrepancy on your credit history report, you can challenge these. The first step is usually to contact the company who added the incorrect information to your report, and see if they can amend it. Failing this, you can dispute the discrepancy through a Credit Reporting Body. 3) Be honest It pays to be upfront with your lender about anything on your credit report that could impact your ability to borrow. Most lenders are fairly strict, but some will take into account your explanation credit issues, and the steps you took to resolve them. 4) Cut down debt and credit Before you apply for a loan, try to reduce the amount of credit card debt - and also available credit that you have. Some borrowers are surprised to learn that a credit card with no debt owing at all - but with a high limit, can have an impact when being assessed for a loan. Try to reduce your limits wherever possible, or if you don't really use the card then consider cancelling it. 5) Know your finances Come to the first meeting with your lender or broker, prepared to explain your budget, expenses, income and your capacity to repay the loan. It's also important that you can demonstrate savings, as most lenders will require at least 5% of the purchase price in order to approve a loan. When it comes to the deposit, the more you can pay upfront, the greater your chances of being approved for a loan. If you can put down 20%, you will remove the need for Lenders Mortgage Insurance (LMI) which could represent significant savings for you.

13.01.2022 Q: When is a good time to refinance? A: Now! Interest rates are at an all time low (in case you hadn't heard) You could save thousands over the life of your l...oan. The refinancing process is straightforward, why not book a chat with Mel to find out your options? #mortgagerefinancing

09.01.2022 Exploring your options with a home loan? You want Mel in your corner. #homeloanexpert

07.01.2022 House & land packages for sale.. Call 0413 776 221 if interested. Thanks

06.01.2022 Take the first step to a better home loan - schedule a call with Mel.

05.01.2022 Real people leaving real reviews. Thank you Inder.

04.01.2022 Brand new house and land, ready to move in for Sale at Woodlinks Estate Collingwood Park. First home buyers entitled for $15k Qld Govt Grant towards deposit. Finance can be arranged with low deposit. Pls call for inspection on 0413776221.

03.01.2022 Are you Financially Fit? Just like our health, our finances can do with a little check-up from time to time. Circumstances change - new job, new home, a partner... or children - or we get caught up in the hurly-burly of life and lose touch with our finances. Thankfully, the Federal Government's MoneySmart program has created a handy online tool for all of us in need of a fiscal pulse check. The Money Health Check helps you get back to basics by looking at your circumstances and financial goals and helping you with strategies to reach them. The questions are straight forward and will prompt you to consider some of the financial red flags you may not be aware of, or perhaps prefer to ignore! The Money Health Check will help you take a global view of your finances - from regular budgeting to debt reduction, retirement and estate planning. It also highlights the value of protecting your assets once you have them. Consider this your money GP, where you can get an overall check-up, identify any issues and get the information you need for further action, if required. The aim is to help Australians be more financially resilient for the long haul. Don't put it off - get your Money Health Check today at www.moneysmart.gov.au//calculators-and-/money-health-check http://www.moneysmart.gov.au//calculato/money-health-check