Blog
Blog
Category: General
04/08/10
Refinancing
Refinancing your home loan is a very smart option to take if you are looking to consolidate your credit card debt, personal loan debt or wanting to use some of your equity to invest in either property or shares.
The average Australian refinances their home loan every 3.9 years, most of the time it is for one of the benefits mentioned below:
· Getting a lower interest rate
· Paying off your mortgage faster
· Lowering your monthly debt repayments
· Accessing equity for renovations, holidays or cars
Our home loan consultants can give you quotes on refinancing, as well as let you know what the best home loan structures are in the market.
You will end up saving thousands of dollars in interest payments, which means you’ll be out of debt quicker and have your investment property portfolio started a lot sooner!
Scott Parry
1300882981
Refinancing your home loan is a very smart option to take if you are looking to consolidate your credit card debt, personal loan debt or wanting to use some of your equity to invest in either property or shares.
The average Australian refinances their home loan every 3.9 years, most of the time it is for one of the benefits mentioned below:
· Getting a lower interest rate
· Paying off your mortgage faster
· Lowering your monthly debt repayments
· Accessing equity for renovations, holidays or cars
Our home loan consultants can give you quotes on refinancing, as well as let you know what the best home loan structures are in the market.
You will end up saving thousands of dollars in interest payments, which means you’ll be out of debt quicker and have your investment property portfolio started a lot sooner!
Scott Parry
1300882981
12/10/09
Get Debt Free Quicker
Just briefly, Crown will teach you how to get ahead of the rat race, beat the banks at their own game and have your money working in your favour with a FREE Cash Flow Management Program that is exclusively designed to Pay Your Home Loan Off Faster and get you Debt Free Quicker!
Crown specialises in showing you how to get your income working for YOU rather than the banks.
The Money Management that we provide for FREE gets you Debt Free Faster and allows you to start investing the equity that you are creating each month on the program.
They help you manage your Cash Flow every month in a way which ensures that you Pay Your Home Loan Off in Half the Time!
In essence the Crown Money Management system looks at your whole financial picture and shows you how it may look in the future.
More importantly it explores methods of structuring your finances to maximise cash flow for elimination of debt and/or further investment.
This could be of value to you if you are wanting to Pay Off Your Home Loan Faster or want to start using your equity to enhance your investment strategy.
Call Scott Parry today on 1300 882 981 to see how quickly you can become Debt Free!
Just briefly, Crown will teach you how to get ahead of the rat race, beat the banks at their own game and have your money working in your favour with a FREE Cash Flow Management Program that is exclusively designed to Pay Your Home Loan Off Faster and get you Debt Free Quicker!
Crown specialises in showing you how to get your income working for YOU rather than the banks.
The Money Management that we provide for FREE gets you Debt Free Faster and allows you to start investing the equity that you are creating each month on the program.
They help you manage your Cash Flow every month in a way which ensures that you Pay Your Home Loan Off in Half the Time!
In essence the Crown Money Management system looks at your whole financial picture and shows you how it may look in the future.
More importantly it explores methods of structuring your finances to maximise cash flow for elimination of debt and/or further investment.
This could be of value to you if you are wanting to Pay Off Your Home Loan Faster or want to start using your equity to enhance your investment strategy.
Call Scott Parry today on 1300 882 981 to see how quickly you can become Debt Free!
12/05/09
Secrets Your Bank Won't Tell You...
If and when you are looking for finance, try to look past the banks ‘lowest interest rate’ marketing ploys as it is usually those mortgages with the low interest rates that will actually cost you more over the term of the loan, not only in fees but also the most important factor being TIME!
I often ask my clients, would you prefer a home loan at 6.99% over 30 years or a home loan at 7.95% over 17 years? I’d much rather be Debt Free is 17 years rather than 30 years – wouldn’t you?
Banks have trained you to think that if you ask the golden question – “What’s the lowest interest rate”, that is equivalent to you asking for the ‘Best deal’… However, this is
not the case, as the banks use the ‘low rate’ to hook people on these FAT PROFIT ridden 25 or 30 year Home Loans. They know that by getting you in on a so-called ‘low’ rate, the banks will be getting more than their fair share of profit out of you, over the long and expensive 30 year term!
Did you know that you will pay back MORE than double what you originally borrowed from the
bank with a 25 or 30 year P & I loan ?
Based on the last 7 years I have spent in the finance industry, if I could offer you only one piece of advice - it would be: “Look at the STRUCTURE of your home loan".
What I mean by that is, make sure you look at a loan which allows you the freedom and flexibility to actually get your income working for YOU on YOUR loan. By getting your income working for you on your loan, you will be able to save thousands of dollars in
interest payments as well as get debt free quicker!
No, I’m not talking about the Line of Credit (Equity Line) which turns into a massive headache just like the credit card that is attached to it. This type of loan makes it easy for you to spend MORE than what you earn. It not only allows you to spend more than what you earn, it magnifies the negative effect and your repayments actually INCREASE each month as your Debt level increases.
Every week I refinance clients off of Lines of Credit, especially when the clients have unfortunately chewed up all of their equity, and have their loan balances just sitting under the facility limit. This loan is a trap which will expose you if you lack self discipline (95% of Australians) and sound money management.
What I’m talking about is getting a home loan facility where you are actually guaranteed to Pay Less each month in repayments, yet you will still be Debt Free Quicker.
And now you’re asking yourself “Why hasn’t the bank told me about this”… Think about it… The longer you’re in debt, the more money the banks make. The more money the banks make, the higher their profits. The higher their profits, the happier their share holders are and the higher the share price rises. The higher the share price, the higher the value ($) of the bank!
So why would any bank want to show you How To Get Out of Debt Quicker? They clearly don’t and they won’t – it is not in their best interests!
Whereas my mindset is different – I’m a very BIG believer in Debt Reduction AND then Wealth Creation! Now the banks certainly don’t give you any strategies on wealth creation….do they?
It’s pretty simple if you think about it – The Quicker I reduce your Debt, the Quicker you have more Equity to start creating Wealth. And guess what you’ll need to start creating wealth – an investment loan! Luckily, that is where I (your financial consultant) get paid again. So the quicker I can get your debt down, the quicker I get paid again….
Now that is what I call having a vested interest in your success – the better you do, the better I do! That’s the way it should be….and best of all, you get to use Crown’s Debt Reduction & Wealth Creation program for FREE - we get paid by the lender!
Scott Parry
Director
Crown Lending
1300882981
If and when you are looking for finance, try to look past the banks ‘lowest interest rate’ marketing ploys as it is usually those mortgages with the low interest rates that will actually cost you more over the term of the loan, not only in fees but also the most important factor being TIME!
I often ask my clients, would you prefer a home loan at 6.99% over 30 years or a home loan at 7.95% over 17 years? I’d much rather be Debt Free is 17 years rather than 30 years – wouldn’t you?
Banks have trained you to think that if you ask the golden question – “What’s the lowest interest rate”, that is equivalent to you asking for the ‘Best deal’… However, this is
not the case, as the banks use the ‘low rate’ to hook people on these FAT PROFIT ridden 25 or 30 year Home Loans. They know that by getting you in on a so-called ‘low’ rate, the banks will be getting more than their fair share of profit out of you, over the long and expensive 30 year term!
Did you know that you will pay back MORE than double what you originally borrowed from the
bank with a 25 or 30 year P & I loan ?
Based on the last 7 years I have spent in the finance industry, if I could offer you only one piece of advice - it would be: “Look at the STRUCTURE of your home loan".
What I mean by that is, make sure you look at a loan which allows you the freedom and flexibility to actually get your income working for YOU on YOUR loan. By getting your income working for you on your loan, you will be able to save thousands of dollars in
interest payments as well as get debt free quicker!
No, I’m not talking about the Line of Credit (Equity Line) which turns into a massive headache just like the credit card that is attached to it. This type of loan makes it easy for you to spend MORE than what you earn. It not only allows you to spend more than what you earn, it magnifies the negative effect and your repayments actually INCREASE each month as your Debt level increases.
Every week I refinance clients off of Lines of Credit, especially when the clients have unfortunately chewed up all of their equity, and have their loan balances just sitting under the facility limit. This loan is a trap which will expose you if you lack self discipline (95% of Australians) and sound money management.
What I’m talking about is getting a home loan facility where you are actually guaranteed to Pay Less each month in repayments, yet you will still be Debt Free Quicker.
And now you’re asking yourself “Why hasn’t the bank told me about this”… Think about it… The longer you’re in debt, the more money the banks make. The more money the banks make, the higher their profits. The higher their profits, the happier their share holders are and the higher the share price rises. The higher the share price, the higher the value ($) of the bank!
So why would any bank want to show you How To Get Out of Debt Quicker? They clearly don’t and they won’t – it is not in their best interests!
Whereas my mindset is different – I’m a very BIG believer in Debt Reduction AND then Wealth Creation! Now the banks certainly don’t give you any strategies on wealth creation….do they?
It’s pretty simple if you think about it – The Quicker I reduce your Debt, the Quicker you have more Equity to start creating Wealth. And guess what you’ll need to start creating wealth – an investment loan! Luckily, that is where I (your financial consultant) get paid again. So the quicker I can get your debt down, the quicker I get paid again….
Now that is what I call having a vested interest in your success – the better you do, the better I do! That’s the way it should be….and best of all, you get to use Crown’s Debt Reduction & Wealth Creation program for FREE - we get paid by the lender!
Scott Parry
Director
Crown Lending
1300882981
22/02/09
2009 - What lies ahead...
Well 2009 is here and I hope that your year is off to a flyer!
After the roller coaster ride for interest rates, shares and property in
2008 I just wanted to give you a 'heads up' on what I expect to happen to
the Australian economy in 2009.
I think that there will be another rate reduction on its way to you
before the end of this financial year - and I'm hoping for around 0.75%.
There will also be another 0.5% rate reduction on its way out to you later
in the year, so your mortgage repayments will continue to reduce this year.
I'm anticipating that by the end of 2009 your interest rates should be at
least 1% lower than what they are today !
That will be a great relief for all of us, especially considering how high
they got earlier last year.
In relation to fixing your interest rates, I'm personally leaving my loans
variable for now and will be looking to review that towards the end of this
year.
In relation to the property market, I anticipate that prices will continue
to decline around Australia, I think a 10% slide in most suburbs is to be expected.
This will be as a direct result of the increasing unemployment rates that are
occurring around the country.
It is easiest to explain this way:
If your next door neighbour loses his/her job and
isn't able to find work for a month or two, then the first thing
they worry about is defaulting on the mortgage payment.
To avoid having a black mark on their credit history for the next five years
they put their property up for a quick 'fire' sale.
Now without many potential buyers in the market, the property doesn't get
any offers for a month, and then some smart investor decides to throw a low
ball offer at them which is $50,000 less than the asking price. They accept
the offer out of pure desperation......
Guess What ?!?! Your house is now valued at $50,000 less because ALL
property prices are based on "recent market sales" in your area.
If you are looking to buy an investment property and pick up a bargain, I'd
strongly advise waiting until after the middle of this year as that is when
there will be a massive glut of properties on the market and you will be
able to name your price!
The share market got absolutely smashed last year, it lost 52% of its value
in under 12 months...... that is what I call a 'Crash'!
Now we all know that 'what goes up must come down..... and what comes down
must go up".
I'm predicting the stock market will start to recover late into 2009 -
so I'm buying blue chip stocks now and then reassessing my portfolio towards
the end of this year, it'll probably be a great time to bank some profits!
A friend of mine once said "When others are greedy be fearful, and when
others are fearful be greedy"....
Best wishes for 2009 - may it be your best year yet!
Regards
Scott Parry
Managing Director
Crown Lending
1300 882 981
Well 2009 is here and I hope that your year is off to a flyer!
After the roller coaster ride for interest rates, shares and property in
2008 I just wanted to give you a 'heads up' on what I expect to happen to
the Australian economy in 2009.
I think that there will be another rate reduction on its way to you
before the end of this financial year - and I'm hoping for around 0.75%.
There will also be another 0.5% rate reduction on its way out to you later
in the year, so your mortgage repayments will continue to reduce this year.
I'm anticipating that by the end of 2009 your interest rates should be at
least 1% lower than what they are today !
That will be a great relief for all of us, especially considering how high
they got earlier last year.
In relation to fixing your interest rates, I'm personally leaving my loans
variable for now and will be looking to review that towards the end of this
year.
In relation to the property market, I anticipate that prices will continue
to decline around Australia, I think a 10% slide in most suburbs is to be expected.
This will be as a direct result of the increasing unemployment rates that are
occurring around the country.
It is easiest to explain this way:
If your next door neighbour loses his/her job and
isn't able to find work for a month or two, then the first thing
they worry about is defaulting on the mortgage payment.
To avoid having a black mark on their credit history for the next five years
they put their property up for a quick 'fire' sale.
Now without many potential buyers in the market, the property doesn't get
any offers for a month, and then some smart investor decides to throw a low
ball offer at them which is $50,000 less than the asking price. They accept
the offer out of pure desperation......
Guess What ?!?! Your house is now valued at $50,000 less because ALL
property prices are based on "recent market sales" in your area.
If you are looking to buy an investment property and pick up a bargain, I'd
strongly advise waiting until after the middle of this year as that is when
there will be a massive glut of properties on the market and you will be
able to name your price!
The share market got absolutely smashed last year, it lost 52% of its value
in under 12 months...... that is what I call a 'Crash'!
Now we all know that 'what goes up must come down..... and what comes down
must go up".
I'm predicting the stock market will start to recover late into 2009 -
so I'm buying blue chip stocks now and then reassessing my portfolio towards
the end of this year, it'll probably be a great time to bank some profits!
A friend of mine once said "When others are greedy be fearful, and when
others are fearful be greedy"....
Best wishes for 2009 - may it be your best year yet!
Regards
Scott Parry
Managing Director
Crown Lending
1300 882 981
05/08/07
What makes Crown Lending different....
I'm regularly asked what is the difference between Crown and other mortgage brokers out there in the market.
There are a large number of distinct differences between us and the competition:
(We provide the following services to all of our clients for FREE)
- We are in contact with everyone of our clients every single month. We monitor your progess on a monthly basis, telling you exactly how much money you knocked off your home loan! We also graph and track your results, so that we will know exacly when you are ready for your next investment property!
- We specialise in helping all of our clients reduce their debt as quickly as possible, which allows us to help guide them into several Wealth Creation strategies. It could be creating an investment property portfolio, a share portfolio or a mixture of both of them.
- Every single month our clients get a home loan statement, so they know exactly how they are progressing.
- There are NO ONGOING ACCOUNT KEEING FEES and NO ANNUAL FEES!
- Each client at Crown gets their own Personal Bank Account Manager.
- We gurantee our clients the LOWEST TOTAL COST HOME LOAN. This results in all of our clients having Lower Repayments and a Shorter Mortgage Term.
- All clients at Crown are shown how to get their income working for them - not for the bank!
- Money Management 202 is a unique positive cashflow investment portfolio that puts more income (money) in your account every month!
Yes, It is an investment that actually earns you more money every month! POSITIVE CASHFLOW... that's what it is all about!
Scott Parry
Director
Crown Lending
1300882981
I'm regularly asked what is the difference between Crown and other mortgage brokers out there in the market.
There are a large number of distinct differences between us and the competition:
(We provide the following services to all of our clients for FREE)
- We are in contact with everyone of our clients every single month. We monitor your progess on a monthly basis, telling you exactly how much money you knocked off your home loan! We also graph and track your results, so that we will know exacly when you are ready for your next investment property!
- We specialise in helping all of our clients reduce their debt as quickly as possible, which allows us to help guide them into several Wealth Creation strategies. It could be creating an investment property portfolio, a share portfolio or a mixture of both of them.
- Every single month our clients get a home loan statement, so they know exactly how they are progressing.
- There are NO ONGOING ACCOUNT KEEING FEES and NO ANNUAL FEES!
- Each client at Crown gets their own Personal Bank Account Manager.
- We gurantee our clients the LOWEST TOTAL COST HOME LOAN. This results in all of our clients having Lower Repayments and a Shorter Mortgage Term.
- All clients at Crown are shown how to get their income working for them - not for the bank!
- Money Management 202 is a unique positive cashflow investment portfolio that puts more income (money) in your account every month!
Yes, It is an investment that actually earns you more money every month! POSITIVE CASHFLOW... that's what it is all about!
Scott Parry
Director
Crown Lending
1300882981
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