Q: Our home loan has always had a variable rate currently 3,97% and we're wondering if now is a good time to be fixing the rate. What is the best 2 and 3 years fixed rate - loan is $720,000?
A: Hi Susan,
There are many more factors that you may wish to consider as well as interest rates.
I would also recommend a split loan facility taking a structured approach based on cash-flow and debt management that reflect your current lifestyle and planned future goals.
This planned approach will determine a more accurate split ratio that will help you achieve your goals faster.
If you start with the end in mind, you may find that you could well get better results and achieve more than you perhaps thought possible.
Happy to answer all of your questions in more detail.
Please feel free to call me on 0411216849
HOW Strategy Group
Q: Hi, we’ve had had 3 agents look at our home and must say they’ve been less than impressive as all they wanted to do was talk. Any tips on what searches we can do before we meet another agent?
A: Hi Chrissy,
Happy to provide you with a valuation estimate and area profile report free of charge.
These will give you a good idea of what happening in your area re what is currently for sale as well as recent sales that you can compare with your property.
If you would like to give me a call on 0411216849 I'll make arrangements to get this information to you.
Hoe Strategy Group
Q: Hi Guys, I currently earn about $80K PA, my wife earns about $25K PA. Im 50 and my wife is 48. We have a standard fixed home loan of $470K. I have $600K invested. Car loan of $70K and a credit card with $25K max, $7K owing. Ive just done my 2016 tax return and have to pay the ATO back $6K :( They now also want me to advance quarterly payments of $2K starting in July. WTF!!! What can I do to reduce my income tax??? I am definitely not a rich man, but Im sure the ATO think I am!!! HELP??
A: Good Morning Kahuna H.
Jenny is absolutely correct!
You need a tax review first and foremost before making any decisions about moving forward. In my opinion, having a collaborative approach with a team of professionals is the best way to go. This means a good tax accountant, mortgage broker, property investment coach, financial planner and a solicitor.
Don't let this list scare you off and it won't be as expensive as you might think!
There is great wisdom in surrounding yourself with a team of professionals that can keep you moving forward in a positive way and avoiding situations like the one you currently find yourself in.
So start with an accountant and then find your next professional that can help but make sure these relationships are for the long term not just a quick fix.
My specialties are with Finance & Property
Happy for a chat anytime
Q: My husband and I are directors of our own construction company. We have reached a point where we are out of out depth with how to measure our progress and be able to see if our business is viable and our debts measureable and managable. We are lost as to what we should do next to get our debts under control. Should we seek advice from a financial planner?..and can't our bank manager help us with this planning?
A: Hi Clare, I'm in NSW so probably better that you speak with someone local. My advice would be to speak with an accountant that is proficient with business operations so could provide you an expert detailed analysis of your business and propose some workable solutions.