Refer someone who settles a loan to receive a $100 Eftpos voucher

Transcription

1 Refer someone who settles a loan to receive a $100 Eftpos voucher Jason Coviello Daniel Eigenmann At Mortgage Choice we recognise the importance of referrals, this is why we want to show our gratitude by offering a $100 EFTPOS card to you each time you refer someone who settles a new home loan, or refinances their current loan with us. The best thing is that there are no limits to the number of people you can refer. We'll happily mail you a $100 EFTPOS voucher each time you refer someone and they settle a new home loan, or refinance their current loan with us. It is our way of saying thanks, and making it easy for you to help anyone you know who could use our advice and experience the level of service we pride ourselves in. It s easy to get started, if you hear someone you know (friend, family, or colleague) talking about buying a new home, planning to invest in property or wanting to review their current loan just get them to contact us directly and mention your details at the same time _

2 Staying Up To Date with your team in East Perth and Subiaco Jason Coviello Daniel Eigenmann With 2015 well underway, now is a great time to revisit your New Year s resolutions and make sure you are crossing them off your list. Regardless of whether you are looking to get financially fit, sort out your insurances or give your kitchen a minimakeover, this latest edition of Choices has you covered. In this issue, we hear from celebrity interior designer, Shaynna Blaze, who discusses the best, easiest and most affordable ways to inject a bit of style into your kitchen. In addition, we provide you with tips on how to become financially fit this year as well as a detailed article on the five insurances you must have. If you have any feedback about our articles, give us a call - we would love to hear from you! Mixed messages over Housing Market Outlook interest rates 2014 In February, was another the Reserve strong year Bank for of the Australia property cut market, interest with rates to dwelling values climbing 7.9 per cent across the combined 60-year lows, and economists remain divided over whether capital cities. rates will fall further still. According to the CoreLogic RP Data Home Value Index, the The trouble is, interest rate predictions are always wobbly at overall growth in the market last year was largely driven by best. This was highlighted when an unexpected fall in Sydney and to a lesser degree Melbourne. unemployment figures in early January prompted many Sydney economists dwelling to revise values their increased forecasts by of 12.4 lower per cent rates. throughout the 2014 calendar year while Melbourne values While rate movements can be unpredictable, there are simple increased by 7.6 per cent. but important steps we can all take to manage swings in Over interest the rates. past year, dwelling values also increased by 4.8 per cent in Brisbane, 4.3 per cent in Adelaide, 2.1 per cent A sensible starting point is to contact us for a review of your in Perth, 3.5 per cent in Hobart and 1.6 per cent in Darwin. home loan. A quick Home Loan Health Check can identify Canberra was the only capital city to record a decline in home weak spots values, in with your values home falling loan management by 0.6 per cent. plan. You could benefit by refinancing to a new loan, or it may be time to consider splitting your loan between fixed and variable rates. The main point is that by taking action now, you can rest assured that you have charted the course that is right for your circumstances regardless of what happens to market interest rates. KNOW THE FEELING The information provided in Choices is for general education purposes only and does not constitute specialist advice. Contact details It is likely that values will continue to rise until such time as interest rates increase, however the rate of growth may slow. But while the housing market will continue to record fairly significant growth in dwelling values, rental rates are expected to grow at a sluggish pace and yields are predicted to trend lower. Moving forward, 2015 is likely to favour sellers and buyers before renters. Source: Tim Lawless Head of Research, CoreLogic RP Data

3 Get yourself financially fit Are you struggling to pay off your debt? In this article we look at the best ways to rid yourself of debt and become financially fit. Many of us start the New Year with the best intentions. We tell ourselves that this is the year we are going to rid ourselves of debt. Then, seemingly, life gets in the way, the months disappear and we find ourselves at the end of another year having done nothing to improve our financial fitness. Thankfully, there are a few simple tips you can implement to help you become financially fit. 1 Research lender options With lenders keen to attract new business, many are offering some significant incentives to customers, including free usage of any ATM in Australia, and even cash-back bonuses. So what have you got to lose? Ask how we can help you research your options to see if there is a better financial institution out there for you. 2 Compare to find a better deal You may be paying more than is necessary on your home loan, insurances, utility bills, etc. Comparing your options via your mortgage broker or websites like HelpMeChoose.com.au can help you find a deal suited to your needs, and may see you save money. 3 Bundle up your expenses There is no need to completely cut off your internet or pay-television to save money each month. Bundling several services together could save you a small fortune. You may also consider lowering your data limit or package inclusions to help trim excess expenses. Any savings, big or small, can then be contributed to your home loan to save even more over the long term. TIP! Our free home loan Health Check is a smart option Our free Home Loan Health Check lets you know if your loan is still right for your needs. The home loan market is more competitive than it s ever been. Even if you ve had your current home loan for only a couple of years, it s possible you could take advantage of different loan features or even secure a lower rate. Both could help you save money! Contact us today to book in a Home Loan Health Check to see if we can find you a better deal.

4 Five must-have insurances Give yourself - and your family - peace of mind with these essential forms of protection. At Mortgage Choice, our brokers and financial advisers work together to help you choose the insurances that will protect your lifestyle - now and in the future. Let s look at the five types of cover that we believe are at the heart of a sensible financial plan. Home and Contents cover This one s non-negotiable, especially if you have a home loan. Most home owners have home insurance in place but many people don t have sufficient cover. Your home is likely to be your most valuable asset don t risk it with underinsurance. Income Protection insurance The income from your regular wage or salary income is likely to be a key factor in your ability to build wealth, grow financial security and enjoy a rewarding lifestyle. Income insurance offers vital protection by providing regular payments usually worth 75-80% of your normal wage or salary if you can t work because of illness or injury. The premiums can normally be claimed as a tax deduction, which helps to lower the cost. Total and Permanent Disability (TPD) Let s face it: a disability pension is likely to be a lot less than your regular income. TPD cover can help you meet expenses like rehabilitation, home modifications and even carer fees to help you rebuild your life. Life insurance Here s the big litmus test for life cover. If you or your other half passed away unexpectedly, how would your family manage financially? Many Australians have some level of life cover through their superannuation fund but it s vital to check if that is enough. Having adequate life cover in place means you don t have to worry about the risk of your family experiencing financial distress. You work hard for your current lifestyle. Don t leave your future to chance. Talk to us about a review of your insurance cover to make sure your wealth and family are protected. KNOW THE FEELING Critical Illness (Trauma) Trauma cover pays an agreed lump sum if you suffer one of the serious illnesses or injuries noted in your policy, like heart attack or cancer. It s money that lets you focus on recovery rather than your finances.

5 YOUR QUESTIONS answered What is the Medicare Levy / Surcharge? Less than half of Australians have private health cover [1], but bypassing health insurance can be false economy, especially if you re a high income earner. Without private cover, you could be hit with the Medicare Levy Surcharge (MLS). The MLS starts at an extra 1%, rising to 1.5% of taxable income. What s more, it s in addition to the 2.0% standard Medicare Levy all taxpayers pay. If you re single and you earn over $88,000 this financial year, or your family income exceeds $176,000, you could be asked to pay the MLS if you don t have private health insurance. Taking out basic health cover can be cheaper than paying the MLS, so looking into this option is worth your time. What is LMI? If you borrow 80% or more of a property s value you will be asked by your lender to pay lenders mortgage insurance (LMI). You won t have to shop around for LMI: your lender will arrange it, and you can choose to pay the premium as a lump sum or you may be able to add it to the loan (known as capitalising the cost). Importantly, LMI protects the lender not you if you can t keep up the repayments and the lender ultimately incurs a loss on the loan. But without LMI, many home buyers with a small deposit wouldn t be able to secure a home loan. So while it s always worth saving a decent deposit, LMI could be the key that gets you into your own home. [1] Private Health Insurance Council of Australia industry-statistics/data-tables-membership-and-coverage/ Let us help you find the answers to your finance questions.

6 Housing Market Outlook PERTH HOUSING MARKET KEY STATISTICS 2014 was another strong year for the property market, with dwelling values climbing 7.9 per cent across the combined capital cities. According to the CoreLogic RP Data Home Value Index, the overall growth in the market last year was largely driven by Sydney and to a lesser degree Melbourne. Sydney dwelling values increased by 12.4 per cent throughout the 2014 calendar year while Melbourne values increased by 7.6 per cent. Over the past year, dwelling values also increased by 4.8 per cent in Brisbane, 4.3 per cent in Adelaide, 2.1 per cent in Perth, 3.5 per cent in Hobart and 1.6 per cent in Darwin. Canberra was the only capital city to record a decline in home values, with values falling by 0.6 per cent. KNOW THE FEELING Statistics Houses Units Median sale price $550,000 $442,000 Change in median sale price (12 mths) 4.8% 3.0% Change in median sale price (3 yrs) 17.0% 9.1% Change in median sale price (5 yrs) 25.0% 16.6% Median asking weekly rent $460 $440 Source: CoreLogic RP Data Suburb ScoreCard, Corporate Edition, February 2015 (all data is to November 2014). All figures are current and based on data available at the time the report is published. Figures are indicative only and subject to revision. Is 2015 the year that your business reaches new heights? Running your own business can be a truly rewarding experience. It can offer a superior work-life balance, create greater financial independence and can build a legacy that lasts for generations. It is likely that values will continue to rise until such time as interest rates increase, however the rate of growth may slow. But while the housing market will continue to record fairly significant growth in dwelling values, rental rates are expected to grow at a sluggish pace and yields are predicted to trend lower. Moving forward, 2015 is likely to favour sellers and buyers before renters. Source: Tim Lawless Head of Research, CoreLogic RP Data And, once you have your own business, you re usually looking for ways to grow it, to: 1. take advantage of new opportunities 2. bring on board new talent 3. expand into new locations 4. keep pace with advancements in technology 5. diversify into new products or services. Whatever your reason is for growing your business empire, talk to us today. We have access to a wide range of products and lenders to help you make the most of the business opportunities that come your way.

7 Style tips to create impact in Refer someone who settles your a loan kitchen to receive a $100 by Shaynna Blaze Eftpos voucher There are two very well known sayings about kitchens: the kitchen is the heart of the home and kitchens sell houses so it is important to pay attention to the look and feel of this area. Here are some tips to help create kitchen wow factors. Splashbacks These are crucial to the final look of your kitchen so focus on the materials you use. Mosaics can create a classic look with just one feature colour or you can use gradient colours for an impressive statement. Textured or plain tiles with contrasting grout is an economical way to create drama and tiles with a Moroccan pattern can change a very simple kitchen into an Jason Coviello earthy and welcoming space. Daniel Eigenmann Appliances At Mortgage Choice we recognise the importance of referrals, this is why we want to show our gratitude by offering a $100 Be adventurous with your styling with coloured appliances, like EFTPOS blenders, card to kettles you each and toasters. time you However refer someone if you who have settles gone for a new a bold home splashback, loan, or keep refinances accessories their current simple loan so you with don t us. create The best a cluttered thing is look. that there are no limits to the number of Lighting people you can refer. We'll happily mail you a $100 EFTPOS Completely voucher each change time the you look refer of someone a white kitchen and they with settle a dramatic a new pendant home loan, light or or refinance group of lights. their current A stand-out loan with lighting us. arrangement with copper, timber or coloured glass will add a It is our way of saying thanks, and making it easy for you to softness and texture to a very minimal kitchen design. help anyone you know who could use our advice and experience the level of service we pride ourselves in. It s easy to get started, if you hear someone you know (friend, family, or colleague) talking about buying a new home, planning to invest in property or wanting to review their current loan just get them to contact us directly and mention your details at the same time. HappyAs... How to be #HappyAs The daily grind can wear away at our happiness levels, so it s important to take time out to prioritise the things that make us happy. We ve put together a range of ideas to help you stop, relax... and get happy! Visit HappyAs.com.au Shaynna Blaze, Interior Designer and judge on The Block and Selling Houses Australia Picture credits: Design your Home, Penguin, Shaynna Blaze 87719_ _