How is credit rating determined and how do I improve it?Get the lowdown here from Penrith’s finance experts.It’s all too easy to stick it on the card and think later. But could this snap decision be affecting you in more ways than you realise? Let’s dig a little deeper and shed some light on the … Continued
Consolidating your debts – the advantages and disadvantages Australian household debt has hit record rates, and Penrith is no different with most of us juggling home loans, car loans and credit cards. For some, it’s manageable. For others, though, no matter how hard they try they just can’t gain traction. Despite chipping away at an ever-growing … Continued
How refinancing your home loan could help get your finances into shape this JanuaryThink you might need some help getting your finances back into shape after Christmas? Refinancing your home loan in the new year could be just the ticket.Christmas is fast approaching, and there’s no denying that it’s an expensive time of year.Could refinancing … Continued
Give yourself the home buying edge by getting your home loan pre-approval ready in JanuaryIs buying a home your New Year’s resolution? Get yourself ready to make an offer on your dream home in early 2021 with our help. What is home loan pre-approval?Home loan pre-approval, sometimes called conditional approval or approval-in-principle, is when a lender … Continued
If you’re self-employed or you own your own business, you’ll know all about the challenges of admin – keeping your accounts, finances and income flow all on track. It’s not easy. The last thing you need is a ‘no’ on your home loan application because of the paperwork. But here’s some good news. There are … Continued
When you’re self-employed you know only too well, your income can vary each month and that makes saving up for a home pretty tough going. If you really want to show potential lenders you’re a good candidate for a home loan, having a history of steady, regular savings is a really great place to start. … Continued
Why 59.1% of Aussies are choosing mortgage brokers over banks! You may have noticed the Australian finance sector has been in the spotlight for the last 12 months due to the Royal Commission (RC) into the banking, superannuation and financial services industry. If you’re feeling confused about what it all means you’re not alone – … Continued
You couldn’t miss the recent month’s press coverage on the cooling Australian market. According to leading property experts, first home buyers are the cheeriest of them all 1 . We are seeing the highest level of first home buyers (FHBs) since 2010 2 . It seems some FHBs are now feeling more confident to spring … Continued
Your choice on how to pay for these items can impact your future financial state. All of us will go through some momentous events throughout our lifetime, many of which will cost a small (or large!) fortune. Isn’t it ironic that many of life’s most exciting occasions can be the most stressful and expensive?Working out … Continued
You are not alone if you worry about your financial situation… A recent Household Financial Comfort Report1 stated 30% of households felt their financial situation worsened in the past year. And that’s a worry considering we are and have been for two years now, in the lowest interest rate period in history. How do you … Continued
1. Bigger deposit, better position While some lenders can offer low-deposit loans for less than 5 percent of the purchase price, saving around 20 percent can offer you big benefits: Access to a wider pool of lenders and products You need to borrow less money overall It’s a clear sign to potential lenders that you’re … Continued
Sweeping changes to the finance industry WILL affect you…
Okay, so maybe you’re thinking that retirement for you is a long way off? Should you be worried?
What’s that all about?
A recent survey of Australian mortgage holders found 45% had NEVER refinanced their home1. The report also found customers who DID refinance saved an average of $240 per month ($2,880 pa) by refinancing a 30 year loan.