Tompkins Financial Services | Property

Tompkins Financial Services

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24.01.2022 Mortgage Broker compliance update - James Tompkins is a Credit Representative (484875) of Buyers Choice Licencing Pty Ltd ACN 626 172 281 (Australian Credit Licence 509484) James Tompkins... Tompkins Financial Services 0418 50 2020 See more

24.01.2022 Many customers of our Banks have Investment home loans that have interest only (IO) payments. Established in good faith that would see them through to an enjoyable retirement as a result of the implementation of excellent financial planning strategies as advised by their Financial Advisers. Circa August 2015, the Australian Prudential Regulation Authority (APRA) insisted Australian Banks make many changes to how they conducted their business. These included adopting 'respon...sible lending' practices and Banks having sufficient 'capital adequacy' provisions. Supported by all sections of the finance industry to ensure we have a strong and sustainable Banking sector. Unintended consequences of this include:- * Many bank customers have IO loans maturing in 2018 and their Bank will NOT renew the IO payment period. Why? (a) Based on current loan assessment metrics, post APRA directions, customers can't afford their IO payment loans....even though they have been repaying them for the past 10-15yrs without a hint of default. Result (i) At maturity of current IO term, loan repayments will automatically revert to Principle & Interest (PIF) - hang on....if a customer can't apparently afford an IO loan payment, how do you expect them to repay a PIF repayment? Voodoo economics.....forced selling of property / meeting the market, meaning property values (banks security) decreases in value. Higher Loan to Valuation Ratios (LVR's), Banks risk rating decrease...Hypothetical I know, but...... If you or you know of anyone forced by their Bank to make PIF repayments and they can't afford them, before you contemplate selling the property, please contact me to discuss your options. Being proactive with this matter is so important. Don't leave it too late. Call me to discuss your situation. I may well have some ideas that will add real value and help you through your tough spot. James 0418 50 2020. p.s. the official RBA cash rate is 1.50% Various Variable rate Home Loans with Principle & Interest repayments start from 3.69% (fees & charges apply). Add circa 0.75% for the privilege of paying interest only payments. Voodoo economics?

22.01.2022 BREAKING NEWS:- The Reserve Bank of Australia has today reduced the official cash rate by 25 basis points to a record low of 0.50%. What does this mean to you?... The Banks may reduce their lending rates, but, they have to concurrently manage their deposit rates.. Call me to discuss your own situation and how I can help you. James - 0418 50 2020 Tompkins Financial Services #make2020youryear

15.01.2022 The Australian sharemarket has fallen by about 30% in the past few weeks...we’ve all seen our Superannuation balances drop.... Do you have stable employment/income that is not effected by current world events? After the recent GFC and the sharemarket crash of 1987 did you ask yourself why didn’t you buy shares when they were heavily sold off for no logical reason, other than panic or basic fear of the unknown?... Educate yourself now on how sharemarkets operate by speaking with your Financial Planner. Explore if it’s viable for you to borrow funds to invest or use your own cash to invest.... The Reserve Bank of Australia (RBA) will likely meet in a few hours to decide if another interest rate cut is needed. If rates are cut, the Bank share price will probably drop, again.... I can help you with your Home loan/Investment lending needs & introduce you to Financial Planners to review your financial position & provide qualified investing advice. Indicatively, today your home loan interest rate should be <2.90% and your investment home loan should be < 3.40%. Lenders T & C’s apply. Call me to review your lending rates. Maybe I can improve your annual budget by ‘000’s of dollars. Is the sharemarket an appropriate investment vehicle for you? It would be terrific to hear from you! James - Tompkins Financial Services 0418 50 2020 .....20/20 in hindsight is too late....

13.01.2022 Hello all! A little about me... It’s been 12 years since I’ve owned my home in Croydon & 4 years since I’ve become a Mortgage Broker...As a finance professional I surround myself with people who ‘add-value’ to my personal financial life...Accountant/Financial Planner/Mortgage Broker...you get the drift...I have income protection cover, I contribute to my Superannuation each year and plan to retire comfortably in 10+ years. I’ll be able to do this as I act on qualified advice ...I seek & receive.. I recently invested in my biggest asset, my home....I’ve been so busy looking after other people’s financial lives, as a Mortgage Broker, I forgot about my home...that changed as I sought landscaping advice & acted upon it! See photos... I feel good! You can feel good if you act on the qualified advice you receive. Has your Team of financial experts spoken to you about your pre-June 2020 tax/financial planning or do you even have a Team? Call me if I can assist you with any of the above, particularly your Lending questions:). James 0418 50 2020.

06.01.2022 Hello FB friends & family. I've ticked over 2 years as a Mortgage/Finance Broker. Learned a lot to compliment my 28 years finance experience from working with NAB/CBA. If you, your friends, work colleagues or family members need quality mortgage/finance advice to help improve their financial position, please pass on my contact details. Welcome a call or email and provide appropriate qualified advice.... Examples of the types of lending scenarios I've had approved! * First home buyers. * Construction loans / land loans * Upgrading / Downsizing your home - bridging finance * Debt consolidation / refinancing * Business finance * Self Managed Super Fund (SMSF) lending * Investment lending - including interest only payments. I work with qualified and experienced Financial Advisers, Accountants and Solicitors/Conveyancers to ensure transactions are completed in a seamless manner. Feel free to like/share my FB page! Take care. James 0418 50 2020 / [email protected]

05.01.2022 James Tompkins is a credit representative (484875) of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence 391237).

04.01.2022 Welcome to the 2019/2020 Financial Year! Your Bank & Super Fund will shortly send you the End Of Financial Year (EOFY) statements to review their past performance - how have they managed your lending interest rates and growth of your Super funds? Home Loan interest rates have reduced recently & since the Federal election, Banks have regained their appetite to lend $$$.... Is your variable rate still 4.00%. That’s too high in today’s mortgage market...... Call me on 0418 50 2020 to review your immediate & upcoming Lending needs and see first hand how I may be able improve your monthly cashflow. #homeloans, #smsflending #commerciallending #equipmentfinance James Tompkins - Tompkins Financial Srvices [email protected]

01.01.2022 Thanks for stopping by. I aim to increase the content on my Business page to keep you informed of finance trends. The COVID-19 pandemics has caused financial havoc for many families & businesses. With hone loan lending rates @ historical lows, allow me to review your current home loan to ensure it’s meeting your needs. I may be able to secure a lower interest rate & provide funds for your next purchase - personal/commercial.... If you have recently settled a property purchase or refinance, please consider me for your next purchase. I have over 30 years banking/broking experience and as a result on many occasions have made what seems improbable, possible! Indicative as at 26/4/20, Interest rates start at 2.14%, and Banks are offering refinance incentives - up to $4,000-00 (T&C’s apply) If you like my Page, please share it and give me a call to discuss your financial needs. Take care, James 0418 50 2020