Empower Blog Home Loan

Double Christmas Bonus for Mortgage Holders or First Timers

For those of you reading this newsletter with Mortgages I put a challenge out to you, which could give you a double Christmas bonus on top of the RBA announcement to drop rates – the question to you is, do you want a further financial bonus – If Yes read on.... Over the next week or two you are going to receive a letter from your lender anno...

Read More

Exit Fee Passed as Legislation

The legislation to ban Exit Fees has been passed into law on 23rd March, by the Federal Government. These new laws will see Exit Fees, including Deferred Establishment Fees banned from 1 July.  The new regulations are: Regulation 79A The new Regulation 79A provides that a credit fee or charge is prohibited if:  it is provided for in a credit...

Read More

$350 Surplus Cash per week could equate to Millions

This month we focus on how you can use surplus cash of $350 per week to potentially control an investment property worth $450,000. It’s all in the numbers….let’s take a look. Surplus Household cash $350 per week after expenses, commitments etc. Purchase Price $450,000 Estimated Purchase Costs $22,500 (5%) includes stamp duty, set up c...

Read More

Lazy Borrowings – Are they costing you?

Recently we saw CUA (the largest Credit Union in Australia) reduce their standard variable rate by 0.25% to 6.62%.  It was a marketing boon for them, as major media picked up on the story as part of what we will see as continued big bank bashing, given their recent profit results and also the overall market share they hold currently. The intere...

Read More

Mistakes Borrowers Make

With finance the flavour of this month’s newsletter I thought I’d pen a list of borrower’s mistakes. This list is not specific to investors or owner occupiers; they are basic mistakes or assumptions that lead to mistakes that all borrowers can make..... So lets take a look at them (in no particular order) Going straight to their current B...

Read More

Cash Flow You Didn’t Know You Had…..

The management of cash flow and the provisioning for future cash flow is critical in helping to build a long term wealth base. There is no benefit in buying real estate and not being able to hold onto it for a traditional full value cycle, because the entry, holding and exit fees are usually high, so you are reliant on the value to compound signifi...

Read More

Bank Loyalty, Does it pay off?

Over my journey in this profession, I have meet many great people and continue to work for most of them in helping them achieve their goals whether it be securing their first home, refinancing or planning out their pathway of financial independence through investment in Residential property.  As I do with every client I ask them the same question ...

Read More

What’s the Cheapest Loan?

If I had a dollar for every time……. so the saying goes, and in my case it relates to people asking me what is the best interest rate at the moment or who’s got the cheapest loan? I wish there was a simple answer to this question, and believe you me, when I first started out in the finance industry I was also naive to think that surely this...

Read More