Kerry Davies in Shepparton, Victoria | Credit counselling service

Kerry Davies

Locality: Shepparton, Victoria

Phone: +61 428 965 146

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• Financial service
• Loan service
• Financial consultant
• Credit counselling service

25.01.2022 What is a repayment holiday? Exactly that... a period of time where you dont make any repayments on your home loan. Usually its a time when your financial situation changes... for example maternity leave, and therefore there is a period of reduced income.... Of course there can be other reasons too.. such as redundancies, illness etc... In any of those cases... rather than falling behind on your repayments, its critical that you speak with your bank or broker to get some early advice to make sure you work with your lender to find an appropriate solution. Feel free to click the message button if you need any information around taking a break from your home loan repayments.

24.01.2022 Haha love it... have a fab day Like & Share the laughter

23.01.2022 Interestingly some lenders are starting to reduce rates again _ Resmiac and Macquarie to name a few - for Owner occupied and investment - low 2s now!!!!

23.01.2022 Wheres your dream holiday destination?

23.01.2022 Limitations on the Federal Government First Home Buyers Guarantee Scheme News reports suggest the program will commence January 2020. It will only only assist 10000 applicants per year whereas there are over 100000 first home buyers each year. There is limitation on income - below $125000 per individual and $200000 per couple.... There is also limitations on purchase price as below Capital city & regional centres Rest of state NSW $700,000 $450,000 VIC $600,000 $375,000 QLD $475,000 $400,000 WA $400,000 $300,000 SA $400,000 $250,000 TAS $400,000 $300,000 ACT $500,000 - NT $375,000 - At present, there seems to be no definition of a regional centre So if you have 5% savings of the house price and you do not own or have owned property - you will be eligible. You will still have to borrow 95% of the purchase price but you will not have to pay the Lenders Mortage Insurance - that is what the govt guarantee does. Stay tuned for further updates!!!

23.01.2022 Which is the right home loan for you? There are a bewildering variety of home loans available, and it can be confusing to figure out which type of home loan is the best for your circumstances. However, when you know the pros and cons of each type of loan, you can make a decision that will fit best with your financial situation. Fixed rate home loan...Continue reading

20.01.2022 5 Ways To Tell If You Found The Right House Youve seen a lot of homes lately. You have been out every weekend searching for the right home for you. At this point, you might not be sure its even out there, or if it is, you might not find it. Then you drive up to a home that gives you hope. At this point, however, how can you tell if it is the right house for you? Here are 5 sure signs that youve found the right house:... 1. You feel excited. Just as your first love might have given you knots in your stomach, the right home could as well. You start to imagine a life in the home and its exciting. 2. You overlook the flaws. You are realistically seeing the negative aspects of the home and are willing to overlook them. Maybe you wanted a view and this home doesnt have one. But the beautiful kitchen remodel and spacious landscaped yard make up for that. 3. It doesnt have your deal breakers. You should never compromise on the real deal breakers in your criteria. That might be tempting if the master bathroom is perfect, but if you have to have 4 bedrooms and this is really just a 3 bedroom, youll regret buying the home. 4. It fits your overall criteria. The home is located in the school district, city or neighbourhood you want. The larger lifestyle aspects line up with the home. 5. You can afford it. So important! There is no reason to go see homes you truly cant afford, but it happens. The right home is in your budget. Of course there are many more aspects which goes into knowing if the home is the right home for you and your family. One of the best ways to know youve found the right home is how badly you want the house. Once youve left the showing have you compared all other houses to this one? Do you talk about it, think about it? Can you imagine yourself in the home? If so, youve found the right one. So if youve found the right home, write that offer! Dont let it get away!

20.01.2022 First Home Buyer Cheat Sheet: 10 Tips To Buying Your First Home So youre going to take the plunge into real estate ownership. Congratulations! Youve just made a smart decision in securing your financial future....Continue reading

20.01.2022 Eight tips for New Australians wanting to purchase property If you are new to Australia and looking to establish a comfortable, settled life here, then sooner or later, you will naturally consider buying property, either as an investment or a home for your family. So there are a few things you need to do in preparation for your first property purchase. 1. Find steady employment...Continue reading

20.01.2022 Looking to invest in property to create wealth, security & freedom? Sometimes you need to be creative to find the right solution! Private message me to set up a meeting to explore your options. (well cover your borrowing capacity, loan structuring, property options, repayment options, rates etc)

20.01.2022 Tip: Watch your credit card limit! Even if your balance is zero, the higher your limit the lower your borrowing capacity.

19.01.2022 Spend 10 minutes on the phone with me to see if you could save $250 or more per month OFF your home loan repayments. Private message me now for a free loan comparison!

19.01.2022 Looking to get approved for a home loan? But ... Started a new job? Short term casual employment? Commission Income? Bonus income?... No problem... we know which lenders will approve you! Message me now to give you a professional take on your situation.

19.01.2022 Is that you today? :)

17.01.2022 Comparing commercial and residential property investment If you are looking for a sound real estate investment, look beyond the typical two bedroom apartment and consider expanding your portfolio with a commercial property. There are three types of commercial property office, retail and industrial. There are some significant differences between investing in commercial and residential real estate, each with a potential positive or negative impact on your investment. ...Continue reading

16.01.2022 What is a split home loan? Its simply dividing your home loan into two or more loans. For example, lets say you have a $200,000 home loan. You could divide your loan into one portion being $150,000 and the other $50,000.... Why would you do that? It can protect you against rate fluctuations if you, as per in this example, say fix the $150,000 for three years and keep the other $50,000 portion variable with a 100% offset account. Simple strategies like this can give you security in the home loan market whilst at the same time keeping the flexibility of making extra repayments and redraw with the variable portion. There are a lot of different options with split loans and every situation is different depending on the clients needs. Click the Message button above if youd like a professional take on your situation to see if a split loan would be appropriate for you.

16.01.2022 Which is Better an Offset or Redraw Facility Neither Really - Is just depends what you are more comfortable with!!!

16.01.2022 Ever feel this way?

15.01.2022 hi Everyone, Just to let you know, if anyone wants to have a chat about their finances, especially in these challenging times, then give us a call. I am happy to chat, if it is only to offer some reassurance. You can call me on 0428965146.hi Everyone, Just to let you know, if anyone wants to have a chat about their finances, especially in these challenging times, then give us a call. I am happy to chat, if it is only to offer some reassurance. You can call me on 0428965146.

15.01.2022 Did you know the following assistance was available to First Home Owners?? Homebuilders Grant The grant will complement existing State/Territory grants and schemes by offering Australians $25,000 to build a new home or start a major renovation. Here are some of the main details around the grant and its eligibility criteria: Restricted to people on certain incomes and to new homes and major renovations valued between $150,000 to $750,000.... The pre-renovation value of the house must not exceed $1.5 million Excludes sheds, pools, granny flats and any other structures not attached to the property. It is a temporary scheme that will last until the end of the year, aiming to build 30,000 homes by Christmas. Construction of a new home or a substantial renovation must be contracted to begin within three months The grant(s) will be means tested, allowing singles who earned up to $125,000 the previous financial year and couples who earned up to $200,000 to access the scheme. First Home Owner Grants These depend on what and where you are buying and generally are accompanied by discounted stamp duties too. Stamp Duty Exemption The following are potentially available: WA $30 000, QLD $15 000, VIC $20 000, NT & TAS $10 000, NSW $10 000 and ACT $7000. First Home Loan Deposit Scheme The First Home Loan Deposit Scheme allows eligible buyers to enter the market with just a 5% deposit without having to pay lenders mortgage insurance (LMI) as the Government will act as part guarantor for you. Before applying, you must receive conditional approval from your and will need to provide documents that verify you are: An Australian citizen, aged 18 or above, a first home buyer and if applying as a couple Married/de facto First Home Super Saver Scheme This scheme allows you to save for a deposit via your Super so if you have made additional contributions to your super you may be able to withdraw these to use as a deposit. The scheme also provides a tax effective way of saving up a deposit If you would like more info or to have someone contact you about how you

13.01.2022 We now have a new lender who is offering 100% home loans to first home buyers, who are tertiary qualified and being employed for three years. Other conditions apply - but for some it is a great way to get into your first home

12.01.2022 The hazards of applying to multiple lenders Its natural that when you are researching something as important as a home loan, you should do as much research and comparison shopping as possible. However, if you apply for a mortgage through several lenders at once, your vigilance could backfire. How multiple applications impact your credit score...Continue reading

12.01.2022 A psychologist walked around a room while teaching stress management to an audience. As she raised a glass of water, everyone expected theyd be asked the "half empty or half full" question. Instead, with a smile on her face, she inquired: "How heavy is this glass of water?" Answers called out ranged from 8 oz. to 20 oz. She replied, "The absolute weight doesnt matter. It depends on how long I hold it. If I hold it for a minute, its not a problem. If I hold it for an hour, ...Ill have an ache in my arm. If I hold it for a day, my arm will feel numb and paralyzed. In each case, the weight of the glass doesnt change, but the longer I hold it, the heavier it becomes." She continued, "The stresses and worries in life are like that glass of water. Think about them for a while and nothing happens. Think about them a bit longer and they begin to hurt. And if you think about them all day long, you will feel paralyzed incapable of doing anything." Remember to put the glass down

11.01.2022 The Assistant hard at wok!!!!!

09.01.2022 Would you like to shave 10 years off your mortgage? How much interest could this save you? Its not rocket science, its simply a matter of making more repayments more often and making sure youve got the best mortgage for your situation. Of the millions of homeowners, only some are getting out from under mortgage payments years, sometimes decades, before their neighbours. How?...Continue reading

09.01.2022 Whats the best time to purchase a second property? You are established in your home and ready to dabble in some investments, yet you are a little daunted by the responsibility of owning two properties. How do you know when conditions are right for you to purchase a second property? If you are like most one-property owners, you might visualize a few obstacles preventing you from purchasing a second property. So lets look at some of these obstacles and see if there is a way ...around them. Dont let market conditions dictate your decision Many buyers find themselves in limbo waiting until interest rates and housing prices are just right. While this is a positive opportunity to continue saving and build equity in your existing property, it can also be counter-productive if the ideal conditions never eventuate. Property investment is about long term capital growth, and you can only start that growth process once you make the purchase. An alternative to paying off existing property Property owners can also be inhibited from buying a second property because they are focused on paying off their existing home first. However, if you are looking at your property portfolio from the investment perspective, it is worth calculating your options here, as a second property can considerably increase your overall equity. While paying off your first home first may seem like the more secure option, investing that money into a second property can be more profitable, thereby increasing your financial security. Your own financial situation Ultimately, the best time to purchase your next property is when you are financially capable of managing a second mortgage. Ideally, you should have at least a 10% deposit available (plus closing costs), through cash or equity or a combination of both, with additional capital to cover any rise in interest rates, emergency maintenance or loss of income in between tenants. Talk to your mortgage broker to assess your options, so you know how to make best use of your equity, what sort of loan you can apply for, and how much the repayments should be to fit your budget and achieve your investment goals. A property with profit potential Besides capital, the other factor that signals the best time to buy is when you find a property within your budget with high and safe returns. Look for a property with great rental potential for its area, so you can be confident of a regular rental income. Property investment is never an impulsive decision it will take intensive research and budget calculation to find the property that covers all your bases. When you find that property and have the capital to cover your investment expenses, then you have narrowed down the right time to purchase your second property. Contact us today if you need advice or assistance in expanding your property portfolio.

09.01.2022 How to narrow down what you want in a home Before you can find the perfect home, you need to know exactly what you are looking for and as you may come across desirable homes that include only a few of the features on your list, you need to know which features are the most important to you. As a further complication, you will generally be working on this list with your spouse or partner, who may have different priorities to you! So how do you work out what you are looking ...Continue reading

08.01.2022 Lot of variety today - loan for a skid, finance to develop some townhouses for a developer, loan to buy a new farm and the old traditional non conforming loan - enough to get your head around

07.01.2022 What Is An Equity Line Of Credit? These loans are a great way to access the equity in your home to use for things like home renovations, investments or other personal purchases. Repayments on a line of credit loan are determined by the interest rate applicable at that time. If you have sufficient equity in your home, you will need to make a separate application for a line of credit loan. You have the added advantage of being able to make unlimited deposits / repayments as you... repayments are not set. You must check the conditions of these loans as they are sometimes more expensive than standard products. A line of credit is also a popular product with property investors as it gives them instant access for a cash deposit, and the ability to keep their properties separate from each other i.e. not cross secured. Think of it like a gigantic credit card with a limit. So planning and caution is strongly advised. For more information please click the Message tab at the top to request a specialist finance broker to call you. We start with a review on your current situation, answer any of your questions and explore any opportunities available to save you money and/or invest.

07.01.2022 What Is A Mortgage Offset Account? An offset account is a transaction account that can be linked to your home or investment loan. The credit balance of your transaction account is offset daily against your outstanding loan balance, reducing the interest payable on that loan. Offset accounts enable you to make the most of your income and other funds to reduce the interest payable on your home loan, thereby reducing your loan term.... How an offset account can work for you: A customer with a $150,000 home loan over 30 years would pay approximately $167,190 in interest. If the customer had an offset account linked to the home loan for the entire loan term with a constant balance of $10,000 in it, they would pay the loan off in 26 years and 4 months and pay just approximately $127,553 in interest. This represents a saving of three years and eight months and approximately $38,636.95 in interest. Please note: These figures are based on a Standard Variable Rate of 7.36% p.a. We not only assist our clients with finding the right loan for their situation, but our post settlement service is second to none. Post settlement we help our clients and show them how to correctly set up their banks accounts and how to link them the right way with their loan accounts. Click the message button above and ask us which lender is offering the right loan for your situation! (We have access to all the major banks and many other leading lenders)

06.01.2022 HaHa love it ... Like & Share - tomorrow LOL

06.01.2022 The new Assistant starting next week - what hope have i got?

05.01.2022 Picnic Point - a delightful place to do some work on a Sunday with Zig!!!

03.01.2022 If someone gave you $500 for the weekend, how would you spend it?

03.01.2022 The What is the Morale of the Story. I phoned this man I knew to ask him if he knew of an engineer to undertake some design work. I was given the information, I then asked how his loans were going. I have dealt with him previously, but never done a loan for him. He said tell me what you can offer, I said 2.19% fixed on owner occupiedetc. He then told me the interest rate and the amount owed on an investment property, which I ran through the refinance calculator. I said... on that you could save 8000 in the first year and 24000 in three years. Sounds like we should talk He replied, I will get back to you. Later that day I received a text message which was a photo of an email from his existing lender stating I refer to your call and advise current rates on your facilities and what reductions I believe we can achieve Loan 1 current rate 4.03% reduce to 2.75% Loan 2 current rate 4.48% reduce to 3.51% Loan 3 current rate 4.03% reduce to 2.75% That is over 1% on two facilities..I phoned him and said when did you receive that, he said after I spoke to you, I called and said I have been made a better offer from another lender and that was the reply. I said so they could have offered you a better deal a long time ago and they did not I said you seriously must move some of your lending from this bank, he said he agreed so that is what we are now working toward See more

03.01.2022 Five Things First Home Buyers Need To Know Before you decide to purchase your first property there are a number of things to consider, including your current personal circumstances and financial status. 1. Think about why you want to buy a home... Do you want to live in it or will it be an investment property? This can help determine the kind of loan you apply for and home you buy, depending on your short and long-term plans. 2. Research potential properties and loans Knowing the market is crucial, so do some research on the areas you are targeting, check out auction clearance rates and recent sales, as well as price trends in the area. Once you are aware of what you are looking for and the approximate price, the next step is saving a deposit. While some lenders will offer loans if you have saved less than the usual 20 per cent deposit, being able to show a record of good saving habits will aid in getting your loan approved. Then, when you talk to your local MFAA Approved Finance Broker about applying for pre-approval on the right type of loan, ask for their help to work out what you can afford in terms of repayments. 3. Factor in other costs involved Depending on the property, there can be a number of additional costs, so ask your finance broker what other payments you will face. This can include, but isnt limited to, stamp duty, loan establishment fees, legal and conveyance services, utilities, property insurance, maintenance and lenders mortgage insurance . 4. Think about your future Just because your current situation allows you to get a home loan, that doesnt automatically guarantee that you will still be able to service it in five years time. Is there a possibility your role at work will change? Are you considering going back to study and reducing your working hours? 5. Get professional help With so many things to consider, getting professional help is highly recommended. There are many experts in the industry and it is in your interest to use them for tasks such as property checks, pest checks and any other legal queries. Going it alone can prove costly. Avoid nasty surprises down the track by getting the right people to do the appropriate checks for you from the beginning.

02.01.2022 Did You Know - the Earth weighs 6,588,000,000,000,000,000 tons

02.01.2022 What Are Genuine Savings? Get approved today Genuine Savings For A Home Loan Deposit Explained Just when you thought that you could get the best home loan deal by simply having a lump sum of cash, you might have to think again. Not all cash deposits are acceptable in applying for a home or investment loan when your deposit is less than 20% of the purchase price.... These days you can obtain a home loan with as little as a 5% deposit. That means a bank can lend you up to 95% of the purchase price. If you are considering applying for a home loan with a deposit that is less than 20% of the purchase price then here are some of the things that you need to know. At least 5% of your deposit needs to be made up of genuine savings. 1. What exactly are genuine savings? These are savings that are held or accumulated in a savings account for at least three months. 2. What other assets might be considered as genuine savings? Other assets that can be considered as genuine savings are term deposits, shares, and equity in property that are held for at least three months. If you have any debts, e.g. a personal loan, and you have been paying extra off your debt above the minimum requirement, you can use this extra repayment towards your genuine savings calculation. If you are currently renting for 12 months or more through a Real Estate agent, you may be able to use those rent payments towards your genuine savings calculation as well. Please contact us to discuss your personal circumstances to see if you qualify. 3. What does not qualify as genuine savings? Gifts from parents Tax refunds Income Bonuses Inheritance money Cash kept at home If any of these apply, we recommend that you place those funds into a personal savings account and hold them there for three months to qualify. 4. How much do I need for a home loan deposit? You can obtain a home loan with as little as a 5% deposit. The major lenders may provide a mortgage up to 95% of the value of the property. In some instances you may be able to borrow the whole amount, contact us to see if you qualify. 5. Can I buy a property if I dont have genuine savings? We have access to lenders where you can borrow up to 95% of the purchase price without having genuine savings. Of course you still need to come up with at least a 5% deposit plus funds to complete (stamp duty, legal costs etc). Contact us today, simply click the Message button above and our home loan specialists will answer all your questions and assist you with finding the right home loan for your situation.

01.01.2022 Did you know that you can obtain a home loan even though you are in a probation period with your work?

01.01.2022 Noxious weed it maybe but it does look pretty - road to Mathoura last week

01.01.2022 Dont let this happen to you! Get a broker to find the right loan & get approved. Message me to give you a professional take on your situation.