Assurance Finance Business Solutions

We are Finance Broker Specialists. After operating more than 20 years in Finance industry, we believe with the right knowledge and education everyone can create the wealth they want through wise financial decisions.

Let us help you to. www.afbs.com.au We have 17 years industry experience , our consultants can speak English, Persian, Hindi, Greek and Mandarin to help you make an informed decision on your current financial situation, We can also give you advice on negative gearing, tax benefit and property services.

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Timeline Photos 30/08/2021

How Do I Pay Off My Mortgage Sooner?

Pay more, more often.
Want to pay off your mortgage early? Then make bigger mortgage repayments, more frequently. You’ll own your own home sooner and save a bundle on interest.
E.g. paying an extra $10 per week on a $350,000 home loan (http:// average) saves nearly two years off your mortgage and $34,382.65 in interested expenses

Act now – you pay most interest up front
Most mortgages are structured so that you pay off most of the interest in the early years. If you are serious about wanting to reduce the interest you pay on your Home Loan, you’ll act now.

Get rid of car loans and credit card debt
You’re generally paying a higher interest rate on small loans (e.g. a car) and your credit cards so it makes sense to eliminate those debts first. So, put a rein on your credit card usage and then tackle your mortgage.

Make sure you’re paying off the right mortgage
When you entered the mortgage market, you might not have been as well informed as you are now. Or the market might not have been as competitive. Stay in close contact with with us to stay informed you have the right loan. I can can let you know if there is a new home loan product that will save you money over the term of the mortgage.

Flexible mortgages
Most debt-retirement strategies depend on you being able to pay off more of your mortgage sooner. Read the fine print or talk to us to see if you have the flexibility you need to reduce your interest charges.

Pay more and pay often
Assuming you have a mortgage that lets you pay extra, you should pay more and pay often. The interest charged on a $ 300,000 home loan at a rate of 7.15% over 30 years with monthly repayments is over $420,000. By paying off an additional $50 a month, you’ll reduce the interest bill by $39,000 and your loan term by 2 years and 4 months. You could look at making repayments weekly or fortnightly rather than monthly. Over 30 years the savings add up. To learn more, talk to us today today.

Information source: MFAA

How Do I Pay Off My Mortgage Sooner?

Pay more, more often.
Want to pay off your mortgage early? Then make bigger mortgage repayments, more frequently. You’ll own your own home sooner and save a bundle on interest.
E.g. paying an extra $10 per week on a $350,000 home loan (http:// average) saves nearly two years off your mortgage and $34,382.65 in interested expenses

Act now – you pay most interest up front
Most mortgages are structured so that you pay off most of the interest in the early years. If you are serious about wanting to reduce the interest you pay on your Home Loan, you’ll act now.

Get rid of car loans and credit card debt
You’re generally paying a higher interest rate on small loans (e.g. a car) and your credit cards so it makes sense to eliminate those debts first. So, put a rein on your credit card usage and then tackle your mortgage.

Make sure you’re paying off the right mortgage
When you entered the mortgage market, you might not have been as well informed as you are now. Or the market might not have been as competitive. Stay in close contact with with us to stay informed you have the right loan. I can can let you know if there is a new home loan product that will save you money over the term of the mortgage.

Flexible mortgages
Most debt-retirement strategies depend on you being able to pay off more of your mortgage sooner. Read the fine print or talk to us to see if you have the flexibility you need to reduce your interest charges.

Pay more and pay often
Assuming you have a mortgage that lets you pay extra, you should pay more and pay often. The interest charged on a $ 300,000 home loan at a rate of 7.15% over 30 years with monthly repayments is over $420,000. By paying off an additional $50 a month, you’ll reduce the interest bill by $39,000 and your loan term by 2 years and 4 months. You could look at making repayments weekly or fortnightly rather than monthly. Over 30 years the savings add up. To learn more, talk to us today today.

Information source: MFAA

Timeline Photos 27/08/2021

How To Make An Offer In Writing To Buy A Property

Here is an email template you can use to make an offer on a property you are interested in buying.

======EMAIL OFFER TEMPLATE======

To whom it may concern,

I would like to make an offer on _______St ______ for $……………………………..

My preferred settlement time would be ……………… Weeks.

This offer is subject to finance approval, my solicitor reviewing the contract and any Strata reports and or building and pest inspections I may carry out.

======= EMAIL OFFER TEMPLATE======

Best of luck... and if you need any ideas on finance, 2nd opinion or a pre-approval to go shopping... message me today for a complimentary chat.

How To Make An Offer In Writing To Buy A Property

Here is an email template you can use to make an offer on a property you are interested in buying.

======EMAIL OFFER TEMPLATE======

To whom it may concern,

I would like to make an offer on _______St ______ for $……………………………..

My preferred settlement time would be ……………… Weeks.

This offer is subject to finance approval, my solicitor reviewing the contract and any Strata reports and or building and pest inspections I may carry out.

======= EMAIL OFFER TEMPLATE======

Best of luck... and if you need any ideas on finance, 2nd opinion or a pre-approval to go shopping... message me today for a complimentary chat.

Timeline Photos 27/08/2021

Understanding the buying and loan process

Purchasing a new home or an investment property can be a daunting prospect, and you might find it difficult to identify the first logical step. Here we look at the process of securing a loan so you can buy the property that suits your needs and your budget.

Ask yourself what you want to achieve

The first step is to establish exactly what you are looking for. Do you want an investment property or a family home? If you are looking for an investment property, are you looking for a property you can fix up and “flip” or do you want something that is a low risk, long term prospect? Is your family home intended to be a starter home, or are you planning to live there for several decades?

Talk to your broker about your financial situation, so you can establish how much money you can borrow, and which loan is right for your needs. Ascertain which lender and loan is right for you.

Apply for a pre-approved loan

Arrange a pre-approved loan so you can have a clear idea of how much you can spend and how long it will take you to pay off the loan once you purchase the property. With a pre-approved loan, you will also stand out as a serious prospect, compared to other potential buyers who don’t have pre-approval.

Find your property

Once you have a vision for your property and you know your financial limits, you can start looking for your property. When you find something you like, investigate the location as well as checking out the floor plan and fixtures – research the local property prices, the potential capital growth, and see if the local council has any plans for the existing infrastructure that might affect the area in the future. Ask a registered valuer to make a full valuation of the property, so you can be sure you are getting a good deal.

Make an offer

When you are confident that you have found the property that suits your needs and your budget, you can make a written offer. If the seller accepts your offer, you can review the contract of sale with your solicitor or conveyancer, before signing it. Your solicitor or conveyancer will also take responsibility for any searches, and checking that all rates and taxes have been paid to date. The contract of sale confirms the selling price as well as terms and conditions. Your lender will usually require a property valuation, building inspection report and a pest inspection before giving you full loan approval.

Pay the deposit

Once you have exchanged contracts, you will need to pay the deposit, which works as your bond until settlement, which is usually six weeks after signing. You can cancel the contract during the cooling off period which is a specified period of time that varies from state to state.

Congratulations!

Now you are a home owner! Keep in regular contact with your lender, so you can ensure your home loan remains the best fit for your needs.

Contact us today if you wish to discuss your plans for owning a property. We can discuss the buying process and help with finding the right loan for you based on your financial situation and your individual needs.

Understanding the buying and loan process

Purchasing a new home or an investment property can be a daunting prospect, and you might find it difficult to identify the first logical step. Here we look at the process of securing a loan so you can buy the property that suits your needs and your budget.

Ask yourself what you want to achieve

The first step is to establish exactly what you are looking for. Do you want an investment property or a family home? If you are looking for an investment property, are you looking for a property you can fix up and “flip” or do you want something that is a low risk, long term prospect? Is your family home intended to be a starter home, or are you planning to live there for several decades?

Talk to your broker about your financial situation, so you can establish how much money you can borrow, and which loan is right for your needs. Ascertain which lender and loan is right for you.

Apply for a pre-approved loan

Arrange a pre-approved loan so you can have a clear idea of how much you can spend and how long it will take you to pay off the loan once you purchase the property. With a pre-approved loan, you will also stand out as a serious prospect, compared to other potential buyers who don’t have pre-approval.

Find your property

Once you have a vision for your property and you know your financial limits, you can start looking for your property. When you find something you like, investigate the location as well as checking out the floor plan and fixtures – research the local property prices, the potential capital growth, and see if the local council has any plans for the existing infrastructure that might affect the area in the future. Ask a registered valuer to make a full valuation of the property, so you can be sure you are getting a good deal.

Make an offer

When you are confident that you have found the property that suits your needs and your budget, you can make a written offer. If the seller accepts your offer, you can review the contract of sale with your solicitor or conveyancer, before signing it. Your solicitor or conveyancer will also take responsibility for any searches, and checking that all rates and taxes have been paid to date. The contract of sale confirms the selling price as well as terms and conditions. Your lender will usually require a property valuation, building inspection report and a pest inspection before giving you full loan approval.

Pay the deposit

Once you have exchanged contracts, you will need to pay the deposit, which works as your bond until settlement, which is usually six weeks after signing. You can cancel the contract during the cooling off period which is a specified period of time that varies from state to state.

Congratulations!

Now you are a home owner! Keep in regular contact with your lender, so you can ensure your home loan remains the best fit for your needs.

Contact us today if you wish to discuss your plans for owning a property. We can discuss the buying process and help with finding the right loan for you based on your financial situation and your individual needs.

Timeline Photos 25/08/2021

A psychologist walked around a room while teaching stress management to an audience. As she raised a glass of water, everyone expected they'd be asked the "half empty or half full" question. Instead, with a smile on her face, she inquired: "How heavy is this glass of water?"

Answers called out ranged from 8 oz. to 20 oz.

She replied, "The absolute weight doesn't matter. It depends on how long I hold it. If I hold it for a minute, it's not a problem. If I hold it for an hour, I'll have an ache in my arm. If I hold it for a day, my arm will feel numb and paralyzed. In each case, the weight of the glass doesn't change, but the longer I hold it, the heavier it becomes." She continued, "The stresses and worries in life are like that glass of water. Think about them for a while and nothing happens. Think about them a bit longer and they begin to hurt. And if you think about them all day long, you will feel paralyzed – incapable of doing anything."

Remember to put the glass down

A psychologist walked around a room while teaching stress management to an audience. As she raised a glass of water, everyone expected they'd be asked the "half empty or half full" question. Instead, with a smile on her face, she inquired: "How heavy is this glass of water?"

Answers called out ranged from 8 oz. to 20 oz.

She replied, "The absolute weight doesn't matter. It depends on how long I hold it. If I hold it for a minute, it's not a problem. If I hold it for an hour, I'll have an ache in my arm. If I hold it for a day, my arm will feel numb and paralyzed. In each case, the weight of the glass doesn't change, but the longer I hold it, the heavier it becomes." She continued, "The stresses and worries in life are like that glass of water. Think about them for a while and nothing happens. Think about them a bit longer and they begin to hurt. And if you think about them all day long, you will feel paralyzed – incapable of doing anything."

Remember to put the glass down

Timeline Photos 24/08/2021

Did you know a lot of home owners overpay on their mortgage?

Could a better deal put an extra $250+ per month back into your pocket?
We offer a free Loan Comparison Service to see if switching could save you hundreds per month. Private message me today to get a free loan comparison!

Did you know a lot of home owners overpay on their mortgage?

Could a better deal put an extra $250+ per month back into your pocket?
We offer a free Loan Comparison Service to see if switching could save you hundreds per month. Private message me today to get a free loan comparison!

Timeline Photos 23/08/2021

Prevent A Nasty Property Surprise

[Educational Blog Status Update]:

HOMEBUYERS and real estate investors are being warned to watch out for the hidden traps that may be lurking in their potential purchases.

Leaky showers, cracked ceilings and self-opening doors and among the signs pointing to bigger and more costly “nasty surprises”, the Association of Building Consultants says.

Spokesman Chris Short says understanding a building’s condition and the likelihood of future repairs is vital when assessing a property purchase and managing a mortgage.

“Many homes are tidied up for sale, with the pre-sale spruce ranging from a basic clean through to bogging cracks, repainting, retiling and re-grouting, and even new floor coverings,” Short says.
“The makeover might look good, but it also masks what might be more sinister problems such as termite damage, salt damp, structural issues, unlicensed and dangerous electrical work, and more.
“For example, a leaky shower might seem harmless on the surface but if the leak is allowing water to flow into the soil next to your home, it’s likely to attract termites.”

Short says building inspections can be particularly valuable for investors who will not be living in the property they buy.

“You need to know it well so that you’re clear about urgent maintenance requirements to meet your obligations as a landlord – such as ensuring smoke alarms are hardwired – and the cost of long-term maintenance,” he says.

Property academic and author Peter Koulizos says beginners should always consider a building inspection.

He adds to make sure the report is a written one, rather than a verbal agreement.
“Some of my students have been able to negotiate the contract down by the repair amount or they have just pulled out,” he says.

Koulizos says when entering any property, potential buyers should take in a deep breath.
“If there is a musty smell, it’s a sign of salt damp,” he says.

Another thing to check is the perimeter of the house and make sure there are paths surrounding it.
“You can minimise cracking by keeping the moisture content of the soil fairly constant,” Koulizos says. “Paths around homes are not just there for decoration.”

HIDING A BIGGER PROBLEM?

* Cracks in ceilings and walls are hallmarks of footings sinking or rising, which causes the walls to flex.
* Other signs are doors out of square in their frames, self-closing and self-opening doors.
* Leaking hot water services, rainwater tanks and airconditioning pipes can create moisture that attracts termites.
* New floor tiles installed over old tiles can trap moisture between the tile layers.
* Cracked tiles and mould at the shower base and plaster bubbling on the wall in the room next to the bathroom are also signs of moisture.
* Any repair work to the building’s paths can provide an entry point for termites.

Source: Association of Building Consultants

Prevent A Nasty Property Surprise

[Educational Blog Status Update]:

HOMEBUYERS and real estate investors are being warned to watch out for the hidden traps that may be lurking in their potential purchases.

Leaky showers, cracked ceilings and self-opening doors and among the signs pointing to bigger and more costly “nasty surprises”, the Association of Building Consultants says.

Spokesman Chris Short says understanding a building’s condition and the likelihood of future repairs is vital when assessing a property purchase and managing a mortgage.

“Many homes are tidied up for sale, with the pre-sale spruce ranging from a basic clean through to bogging cracks, repainting, retiling and re-grouting, and even new floor coverings,” Short says.
“The makeover might look good, but it also masks what might be more sinister problems such as termite damage, salt damp, structural issues, unlicensed and dangerous electrical work, and more.
“For example, a leaky shower might seem harmless on the surface but if the leak is allowing water to flow into the soil next to your home, it’s likely to attract termites.”

Short says building inspections can be particularly valuable for investors who will not be living in the property they buy.

“You need to know it well so that you’re clear about urgent maintenance requirements to meet your obligations as a landlord – such as ensuring smoke alarms are hardwired – and the cost of long-term maintenance,” he says.

Property academic and author Peter Koulizos says beginners should always consider a building inspection.

He adds to make sure the report is a written one, rather than a verbal agreement.
“Some of my students have been able to negotiate the contract down by the repair amount or they have just pulled out,” he says.

Koulizos says when entering any property, potential buyers should take in a deep breath.
“If there is a musty smell, it’s a sign of salt damp,” he says.

Another thing to check is the perimeter of the house and make sure there are paths surrounding it.
“You can minimise cracking by keeping the moisture content of the soil fairly constant,” Koulizos says. “Paths around homes are not just there for decoration.”

HIDING A BIGGER PROBLEM?

* Cracks in ceilings and walls are hallmarks of footings sinking or rising, which causes the walls to flex.
* Other signs are doors out of square in their frames, self-closing and self-opening doors.
* Leaking hot water services, rainwater tanks and airconditioning pipes can create moisture that attracts termites.
* New floor tiles installed over old tiles can trap moisture between the tile layers.
* Cracked tiles and mould at the shower base and plaster bubbling on the wall in the room next to the bathroom are also signs of moisture.
* Any repair work to the building’s paths can provide an entry point for termites.

Source: Association of Building Consultants

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We look after your Finance in every stage of your life.
1- If you are a First Home Buyer/ Investor/ Self-employed looking to invest in residential property or commercial property we have solutions available to get you the result.
2- If you are a non-resident or ex-pat, we have you covered!
3- If you want to use Self Managed Superfund (SMSF) we can show you how to use your super as a deposit to invest.
4- To make sure you have protected your assets, we have a range of solution to protect your property, health, and income.
5- If you want to start your business or take your business to the next level then you will need an adviser on your side to get you the fund for the project, we are on your side.

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