Swish Money Boyd Heather Finance Broker and Financial Adviser in Hobart, Tasmania | Financial service

Swish Money Boyd Heather Finance Broker and Financial Adviser

Locality: Hobart, Tasmania

Phone: +61 409 023 126

Address: 223 Macquarie Street 7000 Hobart, TAS, Australia

Website: http://www.swishmoney.com.au

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• Financial service
• Mortgage brokers
• Financial planner

23.01.2022 Time For an Upgrade?? At Swish Home Loans despite what our name suggests (!) we also assist with finance for motor vehicles. We have access to a number of different lenders that specialise in car loans or leases for business and personal customers. A common strategy for some clients is to utilise equity in their home to purchase a vehicle. While this can be a perfectly acceptable method there is one trap to be wary of: Don’t take 30 years to pay that portion of your debt ...off! Cars as we know are a depreciating asset. $20,000 paid off over 30 years at an assumed interest rate of 3.5% incurs over $12k in interest charges. And odds are you won’t be driving that same car in 30 years time! By comparison a $20,000 car loan over 5 years at an assumed interest rate of 10% incurs around $5k in interest charges. Much shorter term, much higher rate.but at least you’re a chance of still owning the car in 5 years time. If you’ve got the option of borrowing against your house for a car purchase ensure you calculate how much extra you need to pay to clear the car portion of the debt within a 5 year period of time. Better yet if your bank will allow it setup the funds required for the car purchase as a separate home loan account with a 5 year term to ensure you get the benefit of the cheapest rate possible and the debt is cleared well before the car has turned to dust!

23.01.2022 Why would you take out personal insurance? This is why. As a keen participant in my sport of choice (basketball), this situation really makes you sit back and thinkhow easily this could happen to any of us. Recreational sport is something millions of Australians indulge in. Contact sports, or even fast moving non-contact sports see many of us suffer injury setbacks. Thankfully, most of those injuries are short term in nature. Most won’t stop you from continuing your day jo...b and getting your weekly pay cheque. In Shaun Smith’s casehis sport of choice has left him deemed totally and permanently disabled. Unable to work. Or earn a pay cheque. Now I don’t know him, or his financial situation, prior to receiving his insurance payout of $1.4m. But what I do know is the compounding stress that results from not only being totally and permanently disabled, but financially broken on top of thisis horrific. Shaun Smith had a back-up plan if things went wrong. Your plan doesn’t have to include insurance cover if you have other means of supporting yourself. But in his case it did. Personal Insurance is a grudge purchase. You don’t get anything tangible for it. You take it out hoping it is the 'worst' investment you ever make..and that you never need it. Until you do. https://www.foxsports.com.au//4dd75a64626dd1e5bad6aaa3b05d

22.01.2022 Introducing Swish Money! Over the past few days you may have noticed some minor changes to the page, including my new logo ‘Swish Money’. While Swish Home Loans is no longer, I’m still able to assist all new and existing clients with any of their finance requirements. ... For those that may not know, I am also a Financial Planner/Adviser and have been for the past 7 years. A change to my business structure has allowed everything to now come under the one entity, Swish Money! So if you need help with investing, navigating superannuation, figuring out if you’ve got enough money to retire, want to make sure your life insurance or income protection cover is suitable..or anything else to do with ‘money’ please reach out! The website and FB page are still under construction, with some good content coming soon! And for today, latest home loan interest rates on offer. Boyd@SwishMoney #swishmoney101

19.01.2022 Home Builder Grants We finally have some details! See the page link in relation to the both the State and Federal home builder/owner grants (click on the 'Homebuilder Grant Guideline' links) If you're thinking of building or renovating and want to know more about how these schemes work, feel free to shoot me a message.... https://www.sro.tas.gov.au/about-us/covid-19

16.01.2022 Whether you're buying a place to live in or invest in, it always pays to consider where you believe we are in the market cycle. The hard part - predicting how long the market might sit in each section!

12.01.2022 RBA Leaves Rates on Hold at 0.75% No one knows what the future holds but the 'experts' are predicting another drop in the official cash rate in the coming months. Time will tell! We are in an incredible period in history with historically low interest rates - there has never been a better time to shop around for a better deal on your home loan! Get in touch at #swishhomeloans to find out what you can save.

10.01.2022 Some positive changes ahead? This is promising news for home loan borrowers. The credit lending system has become increasingly complex and long-winded. Those of you have have applied for home loans recently would know! A focus on simplifying the process and requirements, and applying some common sense to decisions can only help in the long run.... On the flip side - a much greater level of personal responsibility to be placed on borrowers when you commit to a loan. https://www.theguardian.com//government-to-wind-back-respo

07.01.2022 Free Money and a New House! Check this article out in regards to a couple of homebuyers thinking outside the square to secure their first home! It almost sounds too good to be true.and odds are it is.... Firstly, while I’m sure there are very cheap blocks of land for sale in Tassie finding something for $21k while not compromising on your preferred location would be tough. Secondly as tempting as the availability of superannuation during COVID is, there are eligibility requirements that need to be met. The tax office made it clear that further investigations will be conducted to ensure the self-assessed withdrawals are being made by those eligible for them, with talk of fines and extra tax bills for those who haven’t read the fine print! It does however raise an interesting argument around accessibility to superannuation for a purpose such as a home deposit. Is it worth more now to get a foot in the property door for first home buyers? Or should we have a clear focus on ensuring Australians are financially prepared for their retirement? My gut feeling is this will be a major topic of discussion as we navigate the longer term economic cost of COVID. https://www.domain.com.au//couple-with-no-savings-no-mort/

06.01.2022 Government Help for First Home Buyers?????! Those with sharp eyes and an interest in reading anything finance related would have noticed some publicity in the past few months about a government run ‘guarantee’ scheme for first home buyers. While it all sounds wonderful in principle the details are apparently yet to be hashed out even though it’s meant to start Jan 1st 2020! I thought I’d give those interested a rundown of what we know so far. In Tassie the scheme is limit...ed to a property purchase price of $400,000 for capital cities and $300,000 for regional areas. You will need to have at least 5% saved up, $20,000 based on a $400,000 purchase (keep in mind you’ll also need to cover your purchase costs being stamp duty, legal fees etc which is a further $12,000 -$15,000 that you’ll need saved). Your annual income needs to be under $120,000 if you’re a single, and under $200,000 for a couple. There will only be 10,000 guarantees issued per annum Australia wide. The government will effectively guarantee 15% of the purchase. This means your loan to valuation ratio drops to the magical 80% mark which means no mortgage insurance cost. Note the loan balance would still be $380,000 (95% of $400,000). If you borrowed 95% of $400,000 you would normally be up for between $12,000 and $17,000 in mortgage insurance fees..so it’s a worthwhile cost saving..and $12,000 - $17,000 less you need to come up with. At this stage my big questions with this scheme are: How easy is it to find a property under $400,000 in Hobart? How easy is it to find a property under $300,000 outside Hobart? Will the 50% stamp duty discount via the Tasmanian State Govt still be available for purchases under $400,000 if you are also eligible for this deposit scheme? What is the definition of 5% savings (ie funds saved over 3 months in your bank account gifted funds from parents, annual bonus paid by your employer)? Are 10,000 guarantees enough to meet demand Australia wide? Will all banks sign up to the program or will it only be a select few? Will the banks that do sign up charge a higher rate of loan interest and fees for access to the scheme? So there you have it. Lot’s of questions and not many answers at this stage. As with some government initiatives, this one may yet die a quiet death..only time will tell! I’ll update the page as more info comes to light presumably between now and January 1st.

05.01.2022 Latest interest rates below. Just when you thought things couldn't creep lower I have access to a 2.19% variable introductory rate (for refinances only). If you'd like me to review your current home loan get in touch #swishmoney101 or 0409023126.

03.01.2022 Latest Home Loan Interest Rates. If you would like to know more please get in touch with #swishhomeloans.