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Panic & Financial Decisions don’t mix well…
- April 8, 2020
- Posted by: kimrider
- Category: Australian Dollar, Bank fees, Brokers, Credit Rating, Economics, Finance News, Home loan product, House prices, Interest rate, Rental Property, small business, Uncategorized
No CommentsCOVID-19 has certainly changed our way of life; from having to prioritise our health and well-being, to many of us working and living in isolation and the financial challenges for individuals, business and government across the world that have no precedent. With the unsteadiness and emotion comes panic - look no further than toilet paper -
0% CAR FINANCE
- July 27, 2016
- Posted by: admin
- Category: Credit Rating, Enconomy, Finance News, Interest rate
How they hide the interest YOU aren’t paying There’s nothing like the smell of a new car! In fact, official figures show Australians bought a record number of new cars in 2015, eclipsing 1.1 million sales for the fourth year running. There are a number of ways to fi nance a car. In recent years
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AVOID A NEW YEAR SPENDING HANGOVER
- January 6, 2016
- Posted by: admin
- Category: Budget, Credit Rating
Excessive credit card usage is typically highest in December – only for us to then be hit with a very scary statement in January. Not a great financial start to the new year! Here are some simple tips to avoid a new year spending hangover. If you take action now to limit your spending, you
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Time for a second opinion?
- August 19, 2015
- Posted by: admin
- Category: Brokers, Budget, Credit Rating, Enconomy, Finance News, Financial goals, Interest rate, Investment Property, Property Renovation, Rental Property, Self Managed Super Funds, Wealth
Over the last four years Australia has seen significant growth of around 37% in the number of investment property loans compared to an increase of only 4% in the number of owner occupied loans. 78% of the growth in investment property loans has been attributed to the 35 to 64 age groups. In NSW alone,
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Brokers more popular than ever
- July 28, 2015
- Posted by: admin
- Category: Brokers, Credit Rating, Enconomy, Finance News, Financial goals, First Home Buyer, Home loan product, Interest rate, Investment Property, Self Managed Super Funds, Wealth
Mortgage brokers are now responsible for writing over half of Australia’s home loans and are valued for their choice, expertise and convenience, according to a new survey commissioned by the Mortgage and Finance Association of Australia (MFAA). From a 49.9 per cent share of the market in the March 2014 quarter, total new home lending
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Should I pay cash for a car?
- July 28, 2015
- Posted by: admin
- Category: Budget, Credit Rating, Finance News, Financial goals, Investment Property, Wealth
Two of our favourite clients recently shared their story about one of their past financial ‘mistakes’. Early in their married life – 20 odd years ago – Glenn and Toni paid cash for their first car together. Was this a good move? We explore the answer below. Just to give you some background – Glenn
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Prepare financially before taking maternity leave
- February 27, 2015
- Posted by: admin
- Category: Budget, Credit Rating, Enconomy, Finance News, Financial goals, Wealth
Case Study Samantha and Luke had been married for a few years and were both bringing in a comparable wage. They were equally contributing to their living expenses, including their mortgage and utilities. Luke paid the mortgage and Samantha paid the utilities, groceries and everyday living expenses (including a car loan). In March 2011 Samantha
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Did you know
- July 17, 2014
- Posted by: admin
- Category: Credit Rating, Finance News, Financial goals, Wealth
Going from bank to bank to apply for a loan will show up on your credit history and may not be looked on positively by lenders. It’s a better idea to do your research before making your application for credit, including seeking advice from Formula 1 Finance, credit advisors & mortgage brokers about which lender
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Squeaky Clean Credit
- July 17, 2014
- Posted by: admin
- Category: Credit Rating, Finance News, Financial goals, Wealth
Paying your loans and bills on time has taken on a new level of importance thanks to reforms to Australia’s credit reporting system. On 12 March 2014 a ‘positive’ system was introduced to give lenders more detailed information about a customer’s credit risk and ability to repay debt. Previously, only negative information such as defaults