Nicole Pennefather, Smartline Personal Mortgage Advisers | Businesses

Nicole Pennefather, Smartline Personal Mortgage Advisers

Phone: +61 432 015 149

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25.01.2022 Why speak to one lender when you can have access to many! As a Smartline Adviser, I have access to multiple lenders and can compare loan options from a wide range of Australias leading banks, credit unions, building societies and other lenders all in minutes. If youre interested in finding out more, please give me a call. ow.ly/swXb102kvxu

22.01.2022 Are you a first home buyer and interested in finding out if you need a 20% deposit to purchase a home? With so many changes in the home loan market and also different government grants available, it can be difficult to navigate. Id be happy to help you through this process and help you purchase your first home sooner. Give me a call if youd like to have a chat about your situation.

22.01.2022 Need to improve your credit rating? You can gradually improve your credit rating by keeping on top of your finances. Here are a few ways to improve your credit rating: 1.Settle any outstanding debts.... 2.Check to see if a credit repair service can remove any negative listings. 3.Guard against accidental future credit defaults, such as bill payments, credit card and loan repayments by setting up a direct debit. For one-off bills, make a rule to pay them as soon as you receive them so they dont get forgotten. 4.Reduce your credit limit on your credit card. 5.Dont take out any new loans or credit cards. 6.When you access your credit report, add a consumer statement to your report that outlines the circumstances of any credit problems. Some lenders may be more compassionate if there was a good reason for the default. 7.Lenders like loyalty and reliability. If you move house, jobs and banks frequently, this doesnt paint a picture of someone who is loyal and reliable, so avoid doing this where possible. Looking after your credit rating is essential if you are likely to want to borrow money or even apply for a credit card in the future. It can take a long time to repair a bad credit rating, so make sure you keep on top of yours, even or especially during COVID-19.

19.01.2022 The Reserve Bank of Australia has announced that in its Board meeting today, it has decided to keep the cash rate unchanged at 0.25%. You can read the full statement by Philip Lowe (RBA Governor) on the decision here. If you have any questions about interest rates or your loan, please feel free to get in touch to discuss.

18.01.2022 I must have one of these in my next reno

17.01.2022 The federal government’s announcement of its HomeBuilder stimulus package was met with enthusiasm and excitement, however, a lack of information has fuelled some confusion around the finer details. Here, we will clarify some of the common misconceptions around how to apply for the grant, how it can be used and when the money will become available. ow.ly/udzk102lU0F

16.01.2022 MYTH vs. FACT - Myth: If you can get a deferral on your loan repayments you should take it because it means you may not have to pay interest for up to six months. Fact: It is recommended you keep making your usual loan repayments if possible, since deferring your repayments increases the overall cost of your loan. This is because the interest you incur during the deferral period will be capitalised (i.e. added on to your mortgage), so you will need to either increase your interest repayments after the deferral period or extend your loan term; both of these will increase total interest. Additionally, any available redraw on your loan may be used first by your lender to make your repayments during the support period. Therefore, if you need access to this money during the support period, consider transferring it to another account now.

16.01.2022 As the global spread of coronavirus creates uncertainty around the globe, I wanted to let you know that here at Smartline, we are still open for business and I am ready to help and support you with all your lending needs. The health and wellbeing of our clients are paramount, so we have taken steps to make sure we can continue to provide a high level of service to our clients. If you have any concerns at all regarding your ability to make loan repayments as a result of the effects of the COVID-19 pandemic, please give me a call to discuss.

14.01.2022 If you are in a committed relationship, coming to an agreement on how to manage your money may be crucial to the long-term future of your union. Here are some tips on successfully managing your finances as a couple. ow.ly/SJDR102mHng

10.01.2022 Do you have credit cards that you no longer use? Close them! By doing so you will improve your eligibility for a new home loan or when you next need to refinance.

10.01.2022 The states and territories have announced their own relief measures to help safeguard struggling renters, as well as landlords. Heres a look at what each is doing to support both residential and commercial tenancies during the coronavirus crisis.

09.01.2022 Wed like to thank all of the unsung individuals, charities or organisations in our community who are out there doing incredible things - because not all heroes wear capes. Head over to our website and nominate your local hero for their chance to win $5k. Nominate now: ow.ly/A4LR102gM0s ... Nominations close 31.07.20. Winners announced 31.08.20. Open to AUS residents only 18+. Total prize pool $25k (5 x $5k cash prizes). Terms and conditions apply.

08.01.2022 The federal governments announcement of its HomeBuilder stimulus package was met with enthusiasm and excitement, however, a lack of information has fuelled some confusion around the finer details. Here, we will clarify some of the common misconceptions around how to apply for the grant, how it can be used and when the money will become available. ow.ly/udzk102lU0F

07.01.2022 Should COVID-hit homeowners consider selling now? Cameron Kusher, Executive Manager Economic Research at REA Group, outlines what you should consider if your employment or home loan has been impacted by COVID-19.

05.01.2022 Entries close 31st July, 2020 please jump on and nominate a person, club or organisation who has done something incredible - because not all heroes wear capes. Head over to our website and nominate your local hero for their chance to win $5k. Nominate now: ow.ly/hWkr102hdZj ... Nominations close 31.07.20. Winners announced 31.08.20. Open to AUS residents only 18+. Total prize pool $25k (5 x $5k cash prizes). Terms and conditions apply.

04.01.2022 Offset Vs Redraw For most homeowners there is little difference. An offset account is a bit more convenient as all your cash is working to reduce the outstanding loan amount on which interest is calculated. Whereas a redraw facility there may need to be a bit more active decision making regarding how much to pay off or redraw and when. Some banks also set minimum redraw amounts or may charge fees on each withdrawal. However, this can also be a benefit, the extra effort involved with a redraw facility may provide an inadvertent barrier for homeowners who are more prone to dip a little more frequently into the available funds in the offset account.

03.01.2022 Home Builder Grant If you have been considering a major renovation or building a new home, now could be the perfect time to get started! Not only can you borrow very cheaply right now with interest rates at record lows, but you may also be eligible for a government grant of $25,000* to assist towards the cost of the project. The Federal Government hopes this new HomeBuilder scheme will encourage homeowners to spend money on construction, and keep hundreds of thousands of buil...ders and tradespeople employed in the wake of a possible downturn due to the COVID-19 pandemic. I can help you choose the right finance option for your construction project so please dont hesitate to get in touch to discuss your options. *Restrictions apply, find out more here. ow.ly/yxJ3102ggel

02.01.2022 Being stuck at home 24/7 is not everyones idea of pure bliss, but were all trying to make the most of it. Here are seven ways you could improve your home and start a mini-renovation while youre in isolation.

01.01.2022 Planning ahead can help ease the stress when unforeseen circumstances arise. Strategies like: building a buffer, sticking to a budget or consolidating debt are all ways you can make sure there is some money put away for a rainy day.