Paul Schofield | Financial service

Paul Schofield

Phone: +61 427 398 617

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24.01.2022 Rates on hold! At its meeting today, the Board decided to leave the cash rate unchanged at 1.00%

22.01.2022 Buying land and building your first home presents some great benefits to first home buyers, which makes starting out with something from scratch, a very attractive prospect for first time entrants to the housing market. Aside from a owning a brand new home that would be modern and shiny, there are two potentially substantial financial benefits to buying land & building your first home.

22.01.2022 FIRST HOME BUYER ALERT: First Home Loan Deposit Scheme: First Home Buyers can ring in the New Year with a wonderful opportunity. As of the 1st of January 2020, the First Home Loan Deposit Scheme will begin, allowing more First Home Buyers to enter the property market sooner rather than later. So what is the First Home Loan Deposit Scheme? Why? How? Who?

21.01.2022 If you're looking for a lower rate to reduce your mortgage repayment and free up some cash, or you need to consolidate - we're ready to help. Simply message us!

20.01.2022 WOW! WOW! KAPOW! Check this out!! A 3 year fixed rate at just 2.99%p.a (3.53%p.a comparison rate) We can't wait to help our clients who qualify for this incred...ibly low rate! Minimum loan size $300,000 - Click on the link to book an appointment or call 8300 8300 to talk to our Mortgage Brokers over the weekend! https://www.bernielewis.com.au/interest-rates-below-3-perce #crazy #bernielewishomeloans #bernielewis #greathomeloanrates #lowinterestrates #kapow #mortgagebrokersinadelaide

18.01.2022 Please share this post. *** Yesterday the CBA strongly proposed to the Royal Commission that all home loan borrowers be legally required to pay $2,300 to Mortga...ge Brokers every time they want a home loan. The bank won’t pay the broker as they do now, instead you will. *** Over the past 30 years, whether or not you have personally used a Mortgage Broker, by providing competition and promoting cheaper lenders, the Mortgage Broking industry has halved the profit margins of the Big 4 Banks, as this graph shows. The outcome of interest rates returning to the pre-broker levels will be about $8,000 per year on an average home loan. So if you have a mortgage your repayments will go up, if you are a tenant your rent will go up. The Big 4 regained some profits during the GFC when they were approved by Labor to buy the smaller lenders such as St George Bank, Aussie, Rams and BankWest but the popularity of brokers again pushed their profit margins (that you pay) back down. Currently around 53% of borrowers use a broker and around 65% of first home buyers do. No one has to use a broker, they choose to because it suits them. Every year more borrowers choose a broker over their bank. Yet the Royal Commission is being told by the CBA and Westpac that brokers are bad for borrowers. No, but we are just bad for bank profits. Why would more and more borrowers freely choose a broker if it wasn’t in their best interests? If this happens it will mean borrowers will be forced back to their bank manager and brokers won’t be viable anymore. Then the Big 4 will be able to restore their profit margins to what they had before brokers. That means higher interest rates for everyone. The only thing that keeps the banks even slightly honest is fair competition. They are trying to trick the Royal Commission into getting rid of that competition for them. If this happens, the outcome of the Royal Commission will be the complete opposite of what was meant to happen. More power and less competition for the Big 4 Banks and higher profits at all our expense. The banks have already raised interest rates and reduced people’s borrowing capacity, using the Royal Commission as their excuse. It is lower income families and first home buyers who will be most hurt by this. At this stage the Liberals have shown they understand this blatant attempt at profiteering by the banks and to twist the Royal Commission into their favour but Labor does not.

18.01.2022 There are many eye opening interest rates being advertised lately, but getting the right home loan tailored to your specific needs and circumstances is more valuable than just the lowest rate on the market.

16.01.2022 https://bernielewishomeloans.activehosted.com/index.php

14.01.2022 https://www.bernielewis.com.au//first-home-loan-deposit-sc

14.01.2022 A home loan pre-approval is an important part of the home purchase process, which can provide you with an ‘approval in principle’ for your proposed finance scenario. In other words, a quick ‘yes or no’ outcome on your home loan application with conditions to be met before you can obtain a formal approval. Pre-approvals are beginning to change, making a Mortgage Broker more important than ever before!

09.01.2022 Great feedback from one of my clients!! I was extremely nervous about changing my mortgage but my broker Paul Schofield took away all my concerns. Paul included me at every opportunity and gave me clear instruction on the process needed to secure my new mortgage. The new mortgage is with a trusted bank and has given me much more financial freedom. Paying off my mortgage before I retire is now an option which is very exciting. Thank you to Paul Schofield from Bernie Lewis an excellent service. - J Hogan

09.01.2022 Know anyone that may benefit from a First Home Buyer seminar we are putting on for free!! Please tag away!!

01.01.2022 Another happy customer of Paul's.. Book an appointment with Paul Schofield today to talk about your home loan needs, rates and options... https://www.bernielewis.com.au/staff/paul-schofield #homeloans #expertadvice #mortgagebroker #adelaidemortgagebroker #paulschofield