Michael Fernandez | Financial service

Michael Fernandez

Phone: +61 467 060 277

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• Mortgage brokers

25.01.2022 NAB are opening this for Clients looking to buy existing properties and are prioritising this for Clients who have signed a contract of sale.

24.01.2022 Credit: CoreLogic Australia Where the Property Market is Heading...

23.01.2022 Just for a mid - week chuckle!

20.01.2022 Whatever Your Plan is For the Year Ahead... If you are planning to sell and buy again, refinance to another lender, buy an investment property, buy your first property, your Current Fixed rate is due to expire or your interest only is due to expire and flip over to Principal and Interest Repayments, it is important to plan ahead. You need to know your borrowing capacity, know that you have the savings to complete the purchase and reduce your living expenses through your salar...y account and credit cards. To understand where you currently stand and where you need to get to, please personal message me.

20.01.2022 Duty of Care - You do not need to have Borrowed Money to review your Insurances and Superannuation. Credit Image: stacksgoudkamp.com.au As part of my obligation to my clients, I have a duty of care to ensure that you are adequately protected if anything was to happen to you.... When you take out a large loan we have a duty of care to make sure that you understand the commitment that you are undertaking. Having a significant amount of debt is a big responsibility and it is very important that you have adequate personal insurance in place. This includes Life Insurance, Trauma Insurance and Income Protection Insurance. We have in the past had clients that have got into trouble as they have not had adequate insurance cover and/or have no cover at all. Even if you have some cover through your super it is normally very limited and in most cases is limited to short period of time. Thus when I lend my clients money now, I insist that they at least have a conversation with someone around the importance of having adequate insurance in place. By no means is it essential in regards to getting the loan but at least I know I have done the right thing by the client. You may have said no in the past or if you Superannuation has taken a hit, it maybe worth reviewing now that we are into the New Year. Please personal message me and I will arrange my Business Partners to contact you, who have helped me personally also.

19.01.2022 With the Cold Weather, I thought this Article would be Appropriate to Save Some $$$, this Winter and into the Future.

18.01.2022 Some First Home Buyers, who live at home with Family, will eventually rent out their property as an Investment Property. They have a great opportunity to get into the market with the stamp duty exemption and First Home Owners Grant, if buying new . As a First Home Buyer, you must move into the property for a minimum of 6 months, within the first 11 months of settlement.... If you don't the Government, can fine you and also ask to payback the grant and stamp duty cost.

17.01.2022 HOW TO IMPROVE THE VALUE OF YOUR PROPERTY? CREDIT: RAYWHITE NORTH LAKES QLD Whether you want to improve your home's value or your investment property, we hope that you find some of the following tips helpful.... Increasing the value does not always have to cost tens of thousands of dollars. 20 TOP TIPS 1. Contact our friendly and knowledgeable team, who are here to advise you on how you can improve the value of your property. 2. Tidy up and improve the front street appeal to the property as there is no second chance for a first impression. 3. Freshen up the entry space to the property. 4. Paint the property internally and externally. 5. Paint or replace your garage door/s. 6. Update or clean the internal window coverings. 7. Update or clean the floor coverings. 8. Purchase new bathroom and kitchen handles. 9. Consider adding new benchtops and cupboard doors to the kitchen and bathroom/s. 10. Change the light switches if they are cracked, old and outdated. 11. Add or replace splashbacks in the kitchen, laundry, or other rooms. 12. Update taps in the kitchen and bathroom/s. 13. Give your gardens a fresh make-over and add some mulch or bark. 14. Take the time to pressure clean driveways and outside areas. 15. Replace the toilet seat/s. 16. Replace the kitchen sink if it is looking old and outdated. 17. Regrout bathroom, laundry, and kitchen tiles. 18. Replace old and outdated lighting shades. 19. Fix any minor repairs. 20. Spring-clean the property from top to bottom. 5 BONUS TIPS For those investors who have a little more money... 1. Add an extra room or extension to the property. 2. Create a granny flat addition to the property to generate extra income. 3. Paint the roof of your property. 4. Completely upgrade the kitchen and bathroom/s. 5. Install solar power. Credit Image: wikipedia.org

14.01.2022 Great Read and Important to be Aware of if Buying New and Off the Plan. You would also want to have the flexibility of who will manage the property (property agent/managing agent) after the rental guarantee expires. I am wary and cautious of this, when I see Rental Guarantee. Credit: ibuynew.com.au

13.01.2022 Some Good Advice for the New Year if you are looking to Buy and/or Pay Down Debt.

12.01.2022 If you are in a position where it is getting out of control, there are a few things you can do. Speak to your bank to work on a payment arrangement and/or consolidate your credit cards on the basis that you will close and cancel. Personal message me as I have access to some lenders in the personal loan space.

09.01.2022 This would be good from a Property Perspective. Not so good for retirees or people working towards retirement.

09.01.2022 Helpful Tips for Self Employed Clients.

09.01.2022 Merry Christmas to You and Your Families! Stay Safe and Take Care. Cheers... Michael

06.01.2022 Is the Property you are looking to Buy close to Powerlines or a Water Tank? If you are looking to borrow and Lenders Mortgage Insurance (LMI) is involved (when you borrow more than 80% of the value of the property), the LMI company may knock back the security as being unsuitable. The ultimate decision is made by the Lenders Mortgage Insurance company. It is more so important to tell your Broker if you are going to auction, to check with the lender to confirm that the security... will be acceptable, if you are borrowing in LMI Territory. You do not want to lose your 5% or 10% deposit at auction, if you do not have choices of any other lenders.

02.01.2022 Lenders Mortgage Insurance (LMI) LMI is a type of Insurance for Home Loans and is one off cost, which protects the Lenders if you were to default on the loan. This cost becomes applicable when you borrow more than 80% of the Value of the Property. This cost is waived upto a 90% Loan to Value (LVR) for some occupations.... There are 2 LMI companies in Australia, where they have slightly different costs. Most lenders have either one, but not both anymore. I am working on some scenarios at the moment for Clients. Not only do I have to look at the most suitable Product, but also the Cheapest Interest Rate available in LMI Territory (as usually higher than borrowing at an 80% LVR) and the cheapest LMI Cost. Credit Image: smartline.com.au