The calendar year may be rushing to another end but we are still flat out securing great results for our referrers and their clients. We have developed an outstanding relationship with out referrer Ben and it’s great to see the team delivering for him yet again.
The team recently recorded another incredible result for our referrer Tom and his client. Tom engaged us after his client was no longer able to service his credit card and personal loan debt of $140,000.
The team recently recorded another great result for our referrer Roger and his client. Roger engaged us after his client was no longer able to service his credit card and personal loan debt of $112,000. Roger was looking to consolidate the debt by refinancing his client’s mortgage however there was not enough equity in their home.
The team recently recorded another great result for our referrer Rebecca and her client. Rebecca came to us after her client had become overwhelmed by credit card debt of $72,000 and was no longer able to service the repayments. Rebecca was looking to consolidate the debt by refinancing her client’s mortgage however there was not enough equity in their home.
The team recently recorded another great result for our referrer Nick and his client Michael. Nick came to us after Michael had become overwhelmed by credit card debt of $148,000 and was no longer able to service the repayments.
Recently, one of our mortgage broker referrers Ben introduced us to their client Joanne. Joanne had accumulated credit card debts of $125,000. Unfortunately, there was not enough equity available within her property to consolidate the full amount of debt. Ben was able to seek pre-approval for a refinance up to 80% of the value of Joanne’s property. We were able to settle Joannes debts for $43,000 and saved her $82,000.
Australian home owners are currently enjoying the savings they’re making on their mortgage repayments thanks to all-time low interest rates. Home loan fixed rates currently sit well below the standard variable rates (SVR) so, at the moment, it’s possible to cut your interest costs by fixing.
Used appropriately, debt can be a wonderful financial tool that can help to build your wealth, however if used incorrectly its effects can be devastating.
With interest rates at an all-time low, coupled with low inflation and relatively low unemployment rates – more and more Australians are taking up home loans to fund their property purchase.
Everyone wants to live comfortably in retirement, unfortunately that dream is becoming less attainable, with an increasing number of Australians entering retirement who do not own their homes outright.
There are many advantages to having a credit card. It can be used worldwide; helps build up your credit rating and can be a valuable source of funds in an emergency. However there are several things to be aware of before obtaining your first credit card.
If you get paid fortnightly then you should be making your mortgage payment fortnightly as opposed to paying monthly. This will cut down the payable interest over the life of the loan.
Although both variable and fixed rate loans in Australia remain low, it’s imperative that home loan borrowers are not costing themselves more money with the following home loan mistakes:
In the digital age, the Internet has hundreds of thousands of resources available to help you learn about money. If you don’t know how to set up a budget, or manage your money appropriately, you can research online or seek financial advice.
In the thousands of lessons parents hope to impart on their children, proper use of credit cards is often forgotten. However, given credit card debt in Australia currently sits at around $32 billion, or $4,300 per card holder, it’s a talk that should receive greater attention.
Maintaining proper management of your finances is a critical component in helping you to achieve your future plans. If you’re not on track to achieving your goals, a financial planner can help you put the right strategies in place, or come up with more realistic financial goals.
When it comes to choosing a mortgage, evaluating all the available options can be a daunting and stressful prospect, particularly for first time buyers – however if you’re looking to save years and thousands of dollars off your home loan, you might want to consider a mortgage offset account.
Australians traditionally love their credit cards. Collectively, we are currently paying interest on almost $35 billion of credit card debt (Canstar), however that doesn’t stop the banks from pursuing new business by tempting consumers with an array of ‘zero per cent’ balance transfer offers.
Obtaining a great rate on a mortgage is about more than just comparing lenders. The mortgage industry examines a number of factors to determine not only if you qualify for a mortgage, but also what interest rate you’ll pay.
Up to 500,000 Australians are at risk of becoming, or are, problem gamblers (Australian Government), with the actions of one problem gambler negatively impacting the lives of between five and 10 others. This means there are up to five million Australians who could be affected by problem gambling each year, including friends, family and employers of people with a gambling problem.
For most people looking to buy a property, be it their own home or an investment purchase, it’s more likely than not that they will need to take out a mortgage to achieve their ownership goal.
Credit cards have become an integral part of modern financial payment, and are essential in securing a convenient line of credit, whilst providing consumers with the opportunity to improve their credit score.
Okay, you had a great time over Christmas and it’s only afterwards you’ve realised it all cost rather more than you expected. Before you blow a gasket or worry yourself sick, stay with us and discover the best ways to deal with the debt.
It’s a question that never goes away and, because it will ultimately be your decision, it’s essential you weigh up all your options before signing on the dotted line.
We all develop regular habits, some good and, probably, a few that we should shake. Nevertheless, when it comes to your financial health, it’s strongly recommended you should develop some daily habits to ensure your security and future success.
Nearly everyone, regardless of how much they earn, likes to complain about the high cost of living. It’s understandable, yet it’s also possible to make your own cost of living substantially lower by living more frugally.
What was your earliest lesson about earning or saving money? Did your parents give you an allowance as long as you cleaned your room? Were you the entrepreneurial type, setting up a cold drinks stand on a hot summer day? Did your great Aunt give you $5 every Christmas (even in your 20s) and tell you to put it away for a rainy day?
It’s all too easy to spend more than you bargained for over the Christmas period. Let’s be honest, the temptations are everywhere: the added social engagements, the parties, the advertising (just 10 shopping days left!) that seems to bombard you at every turn and, of course, there are all those presents you are expected to buy for your loved (and even not so loved) ones.
We all know we probably spend more money than we need to and, when we seem to be dong well financially, it’s easy to have a cavalier disregard for where our money’s going.
With cash and cheque books becoming less popular, more and more of us are using debit and credit cards to handle our financial transactions. Naturally, they are quite different, but what are the advantages and disadvantages of each type?
Right from the turn of the 20th century, a number of businesses had been issuing their own convenience cards designed to encourage customer loyalty. Oil companies and several department stores had begun to issue cards to customers, but their use was restricted to those specific businesses only.
Are you an ostrich? Why ignoring your growing credit card debt is dangerous (and ten ways to avoid it)
Everyone has done it, but it doesn’t make it right. If your credit card debts are growing, pretending nothing is happening isn’t a strategy, unless you want to go bankrupt or enter formal insolvency agreements such as Part IX and Part X’s. The average person usually has more than one credit card, and many have a good, solid plan to pay them off.
Take control of your debt today
Get in touch for a free consultation. We are fully aware of just how much courage it
takes to ask for help. We listen, we understand, we care and we do not judge.
Take control of your debt today
Get in touch for a free consultation. We are fully aware of just how much courage it takes to ask for help. We listen, we understand, we care and we do not judge.
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