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"Many thanks to the Team at Finance and Mortgage Solutions which helped me to secure my bank loan without any fuss."
According to news sources, the epicenter of the property boom continues to be the Sydney property market,
in particular the Eastern Suburbs. Properties in these areas are snapped up at auctions for hundreds of
thousands above the reserve, with median house prices double of the Sydney median of nearly $1
million and auction clearance rates are well above that of the rest of the country (often nudging 80% –
90% since the residential boom started in 2012).
What is the attraction?
Proximity to the CBD, great infrastructure, shops, services and lifestyle are on offer! Demand
constantly exceeds stock levels. Coupled with a population boom and a shortage of
land in these prime areas, people who want to live and remain in close proximity to the city are
moving into apartments while those who wish to have a house are being pushed to the outer rings.
Some are even making the big decision of a city and lifestyle change.
The current low interest rates are also fueling the property boom and more investors have again
returned to the market.
House prices are no longer driven by value but by how much people are prepared to pay and how
much banks are willing to lend.
Are you considering making the property move now but are waiting for a sufficient deposit? We
can help with alternatives, Contact us on Facebook or email at loans@financeandmortgage.com.au.
Did you know that for loans <85% of home value (PLUS LMI), we don't require genuine savings?
Acceptable forms of genuine savings for LMI loans (genuine savings)
Given below is an example of how genuine savings is calculated:
"When you meet someone you like, get to know them a bit better. You wouldn't propose marriage on the first date, would you? Nor should you ask for a referral within 10 minutes of meeting someone." #Referral #Broker
"In the beginning, you need to go out and meet lots of people," says Masters Broker Group mentor Andrew Tan.
Why are referrals so important?
Word-of-mouth marketing is the lynchpin of many finance brokers' businesses. In fact, almost half of a broker's business comes from personal referrals, according to a recent NAB research.
"It's also the most powerful source of marketing for successful brokers. It is less expensive and more effective than advertising," he adds.
In a nutshell, Tan says the main reasons behind referrals being so successful are:
·it establishes your credibility with the client. For instance, if the client's accountant referred them to you, there is an implied trust in that referral; and
·it's inexpensive. However, it must be a symbiotic relationship, with referrals flowing both ways.
To join me as a referral partner call at 0425 341 086 or connect on LinkedIn today.
I am a firm believer in Financial freedom and to achieve that you need to create wealth from the day you start earning
1. Your Retirement Goals Are a Mistake.
The biggest mistake retirees make is giving up their active income. By active income, I mean money you make through your labour or through a business you own. Passive income, on the other hand, is what you get from Social Security, a pension, or a retirement account. #retirement
Don’t give up on the idea of retirement just think of retirement differently, think of the 80:20 Principle. Instead of spending 80% of your time working for money and 20% having fun, you can spend 20% of your time working (why not make it a new venture you've been daydreaming of or a second career?) and 80% having fun—and be free from financial worries.
2. If You Chase Yield, You'll Lose
The most important factor in wealth building is not the return on your investment...but the accumulation of net investable wealth (NIW). NIW is the amount of money you're able to devote to investing after you've paid for all your regular expenses—your car, home, debts, and loans.#investment
This is why the intelligent wealth builder devotes the lion's share of his savings to increasing his income and having realistic goals - market averages plus or minus 10%. Invest more and have lesser idle savings.
3. Pinching Pennies Won't Make You Richer or HappierSpending money prudently is an economic virtue, but being stingy—i.e., paying less than market value for goods or services simply because you can—is a flaw. The rich man who under-tips, does so because he is simply a cheapskate and not because he has learned the value of money. It's as simple as that.
I tell you this to emphasize a key part of the simple money-management system I've used to generate millions in wealth...
I don't believe in scrimping severely to optimize savings. I believe you can live a rich life while you grow rich, so long as you are willing to work hard and you are smart about your spending.
Contact me today at loans@financeandmortgage.com.au to get wealthy.
Moya Dodd has been named Australia's most influential woman at the 2016 Australian Financial Review and the Westpac Women of Influence Awards. This former Matilda's vice-captain was honoured for the impact she has had a great impact on changing the global culture of football something she is very passionate about. #MoyaDodd #Women
If you’re working on something you really care about, you don’t have to be pushed. The vision pulls you.- Steve Jobs
Ok, so you may be thinking that a career will help you make money or if you had money why have a career?
Here’s how:
1) Money is our number one source of stress. If you’re concerned about money, you would perhaps not be able to take that leap of faith into what you like or love. Taking control of your money, and earning more money over time by investing, can help us spend more time focused on work, rather than focused on not having money. So we can do a better job in our work.
2) Tell me: Would you feel better about going for that new job, which will really challenge you, if you have more money to fall back on? Would you feel better about starting that new business you’ve always dreamed about if you have more money? And would you march into your boss’ office with the proverbial “take this job and shove it” if you have more money?
The answer to all of these is, of course, yes. Financial control and financial equality are freedom. It can trap us in bad jobs and bad
relationships. Can we really achieve equality without achieving financial equality?
If we’re not investing, we’re doing most of the hard work around money. but we’re only getting about half the reward. And so we’re depriving ourselves of the ability to take on more risks in our career, to “play,” to have more fun in what we do, to do more in our careers, if we don’t have a financial cushion built up.
That’s why investing your money can be some of the best advice for building an amazing career and life.
