REDUCE YEARS OFF YOUR MORTGAGE BY INSTALLING SOLAR

Solar

 

Solar technology has come a long way, and it’s great for the environment, but did you know it can also cut years off your mortgage. This can be hard to believe, but numbers do not lie. How is it possible?

How can installing a smart solar system help to pay off your mortgage sooner, significantly reduce your power bill, future proof against power price rises and help save the planet?

It’s all based on simple maths (it’s not simple, unless you have a scientific calculator, and have a doctorate in mathematics), but we can show you how the savings will work for you.

A premium solar system, with enforceable 25-year warranty, guaranteed power performance can provide guaranteed savings over 10 years of around $13,500. Imagine diverting the savings made in electricity bills, to your mortgage, investment property, or any other worthwhile cause.

Today’s modern premium systems provide significant savings and add capital value to your property. Savings can vary dependent on usage, system design, system size, any shading issues and minimum performance guarantees.

Auction Buyers Guide

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Your guide to buying a property at auction.

Before purchasing a home at auction, here are some tips to avoid auction day headaches and how you can get into your brand new home without the stress!

Download the Auction Buyers Guide from Deposit Power

Click the link to download →   Auction Buyers Guide

Invoice Financing

Cash FlowWhat is Invoice Financing?

Invoice financing is a way for businesses to borrow money against the amounts due from customers.

Invoice financing helps businesses improve cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full.

Businesses pay a percentage of the invoice amount to the lender as a fee for borrowing the money. Invoice financing can solve problems associated with customers taking a long time to pay and difficulties obtaining other types of business credit.

Refinancing: what you need to know

Confused about the ins and outs of mortgage refinancing? There are two key considerations when you’re looking at taking the step – why and how. Here, we examine both.

A home loan is generally a long-term proposition, but in some situations it can be suitable to refinance your mortgage. Refinancing involves taking out a new mortgage and using those funds to pay off your existing mortgage. Doing it right could deliver significant financial gains over time.

The two key things you need to know and understand before you go ahead are your reasons for doing it and how to go about it.

Good reasons to consider refinancing

  1. You want a lower interest rate

The loans market is highly competitive and interest rates can vary significantly between lenders, so one of the most common reasons for refinancing is to get a lower rate. This could help you pay off your home loan sooner and save you thousands of dollars over time.

Even if interest rates haven’t fallen since you first took out your loan, you can sometimes access a better rate if your financial situation has improved. This is where a broker can be invaluable; they can help find a better interest rate and advise you of lending facilities that may suit your lifestyle. Rather than moving banks, this could mean renegotiating a better deal with your existing lender.

Keep in mind, however, that not all mortgage products are the same. A mortgage with a lower interest rate may not have all the benefits of your existing loan, so be sure to carefully consider all rates, fees and features.

  1. You want to change your loan type

You may want to switch from a variable loan to a fixed loan to lock in a low interest rate with either your existing lender or a new one. Depending on the type of mortgage you have, this may require refinancing into a different product. You might also have to refinance if you want to change to a split loan, which has part variable and part fixed rates.

  1. You’d like to access the equity in your home for other uses

As you pay down your mortgage and property values increase, the equity you have in your property builds up and becomes a valuable asset. By refinancing, you can access that equity to generate funds to use in wide variety of situations – to renovate or extend your home, for a deposit on another investment property, or even to invest in shares.

  1. Your circumstances have changed

Things change. Perhaps you’ve had a significant rise (or fall) in your income. Refinancing can help to manage your new situation. By taking out a new mortgage (or increasing your limit on the existing one) you may be able to consolidate other debts such as personal loans and credit cards, into one facility, lowering your monthly repayments and saving you interest. If your finances have improved, on the other hand, you may want a different kind of loan product with alternative features, such as a mortgage offset or extra repayment facility to allow you to pay off your mortgage sooner.

Starting the refinancing process

Once you’ve determined your needs and done your research, including speaking to a broker, beginning to refinance will be straightforward

  1. The application

Your broker will evaluate your circumstances and help you submit your application. You’ll need to provide identification documentation, proof of income (such as pay slips) and list your assets and liabilities. If you’re staying with your existing lender, you may not need to provide as much information.

  1. Getting a valuation

Lenders will often require a valuation on your home to determine how much you can borrow. This bank valuation generally requires an inspection of the property by a licensed valuer. Remember to prepare for the valuation, ensuring your property is presented in its best light to gain an accurate valuation price. Tidy the garden, reduce clutter in the house and finish those small maintenance jobs you’ve been putting off.

  1. Receiving approval

Once your lender is completely satisfied, full loan approval is granted. In many cases you’ll receive an approval letter with a copy of the loan contract to review, sign and return to the lender. Your funds will usually be cleared once all signed documentation is reviewed. Your lender will then arrange settlement of your existing loan and establishment of your new one.

While refinancing can save you money, it may not be the right move for everyone. Take care and get advice on whether it’s the best route for you. Before taking any action, talk to your broker, as they can help you select a suitable loan product for your needs and circumstances.

© Advantedge Financial Services Holdings Pty Ltd ABN 57 095 300 502. This article provides general information only and may not reflect the publisher’s opinion.  None of the authors, the publisher or their employees are liable for any inaccuracies, errors or omissions in the publication or any change to information in the publication.  This publication or any part of it may be reproduced only with the publisher’s prior permission.  It was prepared without taking into account your objectives, financial situation or needs.  Please consult your financial adviser, broker or accountant before acting on information in this publication.

Why Choose a Mortgage Broker

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How Much Does a Pool Cost?

Author: Kat Tate
Source: hipages

‘How much does a pool cost’ is a question pool builders are hesitant to answer – not because they have something to hide, but because pools can vary drastically in price.

While you may not get an exact answer until you source quotes from pool suppliers and installers, you can get a general idea of the average costs of pools.

In-ground Swimming Pools

In-ground swimming pools are the most expensive pools to install, largely because of excavation costs.

The two most common types of in-ground swimming pools are concrete and fibreglass.

According to installers of these types of pools, cost guides are as follows:

  • Concrete pools cost anywhere from $35,000 to $100,000+ to install, with the average being around $50,000.
  • Fibreglass pool shells cost between $6,500 and $25,000.
  • To have a fibreglass pool installed in-ground costs from $25,000 to $75,000+.

The difference in price between a fibreglass pool shell and having the pool installed can be accounted for by the excavation work and the cost of a pump, heater and other necessary accessories.

Above Ground Swimming Pools

Above ground swimming pools are less expensive than in-ground swimming pools, but you need to factor in all the costs associated with them.

DIY kits made from resin shells with vinyl liners start at around $3,500 and can go up to $6,500+.

Timber decking will increase the price a further $1,500 to $2,000, and if excavation is required, it can cost another $2,500 depending on the amount of excavation needed. If you’re installing a larger above ground pool, you may also need to have a concrete slab poured.

When comparing prices of in-ground fibreglass pools or above ground pool kits, make sure everything is included in the kit price. For example, a fibreglass pool shell alone may cost around $7,000, but a complete kit that includes a pool pump, filter, and other accessories might cost $9,000. You may also need to buy a pool heater, which will also add to the cost.

Other Costs

You will need council approval and pool fencing if you want to install a swimming pool in most parts of Australia. If you install an in-ground swimming pool, you will need paving around the pool. With above ground pools, you will probably want to install a deck around the pool. Together, these costs can add thousands of dollars to the total cost.

In most cases, it’s better to get quotes from pool suppliers for complete pool packages. That way you know upfront what all your costs are going to be.

Compare all your quotes carefully. If they are complete quotes and come with long-term warranties, the cheapest quote may be the best buy but don’t settle for an inferior quality pool. A swimming pool is a significant investment and a pool that lasts is a better investment than a pool that will need replacing within a few years.

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Revamp your Outdoors for Summer

Revamp your outdoors for summer and at the same time add value to your home. If your inside space is limited then designing your backyard could be the clever way to add to your lifestyle, extend your home and most important make it more appealing. By simply laying down decking or a patio and creating a sunroom you already have another room. Your backyard could hold all the potential to increasing the value of your home and your day to day living. Is your backyard looking a little tired, but you don’t have much spare cash? At Pierre Finance we can arrange a very competitive loan to suit your budget, so you can have your backyard looking fabulous in time for summer.

The first thing to do is re-organise it. look at how the uses need to be divided. For example a storage area for gardening equipment, a purposeful place for drying your clothes, a kids play area, and most important the sun spots, shady spots for relaxing on those loungers. The best thing to do is draw a draft of what you want. Take into consideration where plants and trees are, so you may need an experts advice in the beginning.

So, now we come to whether to lawn or to not! They do get neglected especially when there’s a water shortage. They do take some time to maintain and can look unattractive if over dry or overgrown You may be better off having a patio, or deck with decorative stones and maybe concentrate more on some flower and shrub beds or decorative pots.

Here comes the fun bit. Instead of just creating a random hectic area, why not give it a theme. You may be into retro, Asian, tropical, cottage, or even nautical. Your plants, furniture and garden ornaments like statues, lighting, and soft furnishings need to represent it. You could however continue with your indoor style and simply extend it outdoors. If you give it a theme it has a purpose.

Finally shade is an important element as it’s no fun sitting in 30 degrees of heat trying to relax or entertain. Umbrella’s are the cheapest option but to create a proper sense of an extra room you really need to invest in an awning or shade sails. Not only do they look good they also do the job. Finish off your outdoor haven with anti mosquito candles like the popular citronella, and also lemongrass looks nice and you can plant it in pots, so it won’t take up too much space. Hanging candles from tress and shrubbery can add instant atmosphere, and of course the people. Enjoy!

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Pool Dreams a Reality

Whatever your reason for wanting a pool at Pierre Finance we can bring your pool dreams a reality. Firstly we can discuss and evaluate your reasons. Is it for fitness, for fun, just to cool down in the evil Australian sun or even to have friends and family around for pool parties? Remember a pool can add great value to your property, so done carefully and thoughtfully can be an investment.

It is also important to check installation guidelines for your property and area so there are no legal factors. This can effect the size, shape and extras you may want fitted like whirl pools, slides and sun bathing area.

Choosing your pool!

An above the ground is the least expensive and easiest to construct. It is also easy to move or take out. Don’t have an ugly image in your mind as they can work well with great landscaping that can include decking done in a clever way to make it look more like an in-ground one. Prices can be anything from $3000 up to $8000 with the filters, electrics and landscaping on top. These pools can last around 25 years and a decent lining around 15.

In-ground fibreglass pools are more durable and can be moulded easier into the shape and size your require. It’s surface is smooth so it’s produced at the manufacturers site into one piece. The pool itself is around $25,000 not including electrics, filtration, fencing and surrounding landscape. An advantage of fiberglass is that it’s algae resistant.

The most expensive pools are custom made concrete designs. Tiling is the most expensive, but a glass bead or pebble interior can bring the price down a bit. the pebbles and glass are smoothed on with plaster and then blasted to reveal an even smoother surface. Glass and tiles come in a variety of colour choices to work with your landscape and surroundings. Tiles are more expensive only because of labour costs. You need to budget over $50,000 for a concrete pool.

Whatever you choose remember to think about any labour costs, water usage, chemicals, pumps and other equipment needed. There are some solar powered pool systems around which could save in the long run. But a warning to be covered for an drought periods.

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Top 5 Small Cars

After doing a bit of research I’ve found Australia’s top 5 small cars. For the budget conscious and those with out families, read on to see what’s out there and why they are the best on the road. Remember at Pierre Finance we can help you on your way to affording one of these economic stars just a phone call away.

Volkswagon Golf 118 TSI

It’s no surprise that the Golf is up there among the best. This 5 door 5 seater hatch is an excellent runner. It has a spacious interior and also has a decent off road grip.  The engine’s are variant but I liked the Turbo 1.4 MPFI for economic purposes with out loosing the speed and comfort. If you like a car that handles like a dream, looks good and will go the distance this is it. The crash safety rating is 5 stars and the green 4.5. Brand new these retail at around $28,000.

Peugeot 308 Access

This compact 5 door has an unusual large boot, so great if you are a golfer or love getting away from it all. The interior has a classy feel and is really comfortable. The 18 inch wheels give it a sporty edge yet the drive is not as smooth as the Golf and the transmission through the gear change feels a bit delayed. The front interior doesn’t offer up much space either. However for a 1.2l Turbo MPFI it’s not retailing bad at $17,000 to $20,000. The top end of this car is it has 5 stars for it’s crash rating and it’s green score.

Mazda 3

For those who prefer an automatic this 5 seater Mazda is a superstar. This 2l engine offers a buzzy ride and is economic on long runs. A nice interior and a cool looking exterior is ideal for those wanting that little bit more from a small car. I like the tinted windows and the built in sat nav. Just those little extra’s that can make a difference. This car has 5 stars for crash safety and a 4.5 star green rating. Priced from $20,000 to $24,000 depending which model or dealer.

Hyundai i 130

Great value automatic 5 door hatchback with a 1.8l engine giving it a nippy ride. It has really comfortable seats, a generous boot has 4.5 green stars and a 5 star safety rating. Excellent value at around $17,000 and attractive to those who want a decent looking new car that is great value all round.

Toyota Corolla

This 5 star rated green car and also 5 star crash safety score gives it an edge like the Peugeot. It has a nice interior and is comfortable to drive. The drawback is a small boot, but it is a really economical manual geared car. The engine might not be as sharp as the Golf Or Mazda, but it’s very sufficient for the price, at around $17,000.

So that’s the cream of the crop for your small car choices in Australia. As stated above we can help with all your financial needs, just call our friendly team for any advice.

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Home Loan is Rejected!

Have you found your home, get set to buy it and then discover your application for your home loan is rejected.

Rejected applications for finance are a touchy subject, but the main thing is not to give up. There are never two lenders the same so it’s worth shopping around. Just because one lender has rejected your application doesn’t mean to say they all will. Everyday at Pierre Finance we strive to achieve your financial needs and also at competitive rates. We use a variety of companies to achieve the best rates. We shop around while you relax.

It is always good to do some research beforehand as loan rejections can leave  a black mark against your credit rating, which will make it even harder.

The best way is to read on and follow our simple steps:

  • It is always good to find out why your application was rejected. Sometimes there could be a simple solution, or it may not even be your fault.
  • You need to look into your credit history and find out if there is any evidence. There’s lots of different reasons for marks on your credit, like an overdraft, an unpaid bill that has slipped through the net or a default on a past loan or mortgage. So the first thing to do is sort any marks, pay all your bills on time and even try to save a little. It doesn’t matter how much as long as it’s regular. The more reliable your finances look the more options you will have.

If you do happen to have a loan rejected then don’t despair. It is a common thing and it doesn’t mean failure. As long as you prove that you are sensible and reliable with your finances then you shouldn’t have a problem. A savings plan of any kind is the best foot forward.

Contact our expert friendly team anytime.

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