FAQ Info Sheets Download a .pdf to read at your leisure
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Why should we use your loan or insurance services, and do you charge a fee to help us?
We work solely for the benefit of our clients, keeping your best interests in mind and saving you money wherever possible. For example, on a 25 year mortgage the correct loan structure can save you literally thousands of dollars.
Our services go well beyond the normal transactional nature of applications for loans or insurance cover. We spend time with you and analyse your needs and financial situation before formulating a suggested overall plan.
You are spared the difficulties and the precious time involved in trying to research and analyse the complexities of different products and options, and you are not restricted to the offerings of one insurer or lender.
We are an accredited mortgage and risk advisory business and we work with most lenders and insurers, who pay us a commission. Therefore 95% of the time our services are absolutely FREE to our clients. In very unusual circumstances lenders do not include any brokerage in the transaction, and we have to charge our client a fee. This fee is always discussed and defined at our first meeting.
Should we apply for a pre-approved home loan if we want to buy at a property auction?
Going through a pre-approval process will give you a clear indication of how much you can afford to pay for your dream house. However, pre-approved loans are conditional, and lenders can withdraw their offers at any time. When you are ready to bid at an auction, it is essential to work with your mortgage adviser in advance to get an unconditional finance offer letter for that particular property from the lender. We assist our clients with this process and ensure that it is simple and seamless
We are concerned about the Agreement for Sale and Purchase– what conditions should we have in place before signing a contract to buy a property?
A “due diligence” clause is very helpful. If having that clause proves to be a hindrance to the deal then it is essential to at least have these time period conditions in your contract:
o Finance – a minimum of 10 working days
o Building report – 10 working days
o LIM – 15 working days
o Solicitor’s approval – 3 working days.
The estate agent is insisting that we provide a deposit when signing the Agreement for Sale and Purchase – is that really necessary?
Not usually. In fact, in most circumstances we highly recommend that an agreed deposit is only payable when the contract goes “unconditional”. Ask us to explain what this means if you find legal terms confusing.
What does the word “principal” mean?
Principal is the term used for the original amount you borrow, on which interest is charged.
What is revolving credit and how can it benefit me?
A revolving home loan is sometimes called a line of credit, or revolving credit loan. It's like having a large overdraft. You can achieve financial flexibility because you have access to some of the equity in your property.
Is there a way for my business to pay less interest?
A Business Offset Loan allows for the combining of balances of business accounts in order to reduce the amount of interest payable on a variable business loan. By paying less interest you pay back more of your original loan (the principal) with each repayment, becoming debt-free faster
How can you help me to improve the cash flow in my business?
Cash flow solutions vary from a simple overdraft facility to cover brief cash flow shortages to a pre-approved line of credit for ongoing borrowing. Lenders have innovative facilities that can help you release cash that’s tied up in credit sales invoices and inventory – ask us how.
How do I choose the best insurance company?
Making the right choice is not simple, and it’s not an easy process to compare premiums and brochures. We explain the finer points of the different insurance products on the market and find the most appropriate cover for you.
What is Trauma Insurance? What is TPD insurance?
Trauma and Total and Permanent Disability insurance are also referred to as “living assurance”, “critical condition” or “serious care” cover. Advances in modern medicine mean you are likely to live a long life after suffering a major health problem. This type of insurance helps to improve the quality of life as they are "living covers". A lump sum amount is paid out on claim which can be used to pay off debts, make improvements to the house, pay for private treatments etc.
If I have a limited budget, can I pick and choose only certain things to insure again loss or damage?
Discuss with us your unique requirements for protection from loss, damage or liability – even if you just want to cover a few of your favourite things for now, that is a good start.
How will our company cope if we lose someone who has a big impact on revenue?
Key Person Cover injects cash into the business to cover the cost of things like recruiting, eliminating debt and meeting contractual and capital obligations.
I am a shareholder employee on ACC Cover Plus – are there better options available?
ACC Cover Plus only covers accidents and is taxable. Self-employed people can re-structure their ACC cover and reduce their levies, freeing up funds for illness cover. Let’s discuss whether this change could help you.
We would like to invest in property, but how will we deal with tenant problems?
Landlord Insurance is available to cover things like Repairing, Rebuilding, Replacing Contents, Loss of Rent, Intentional Damage, Legal Liability, etc.
Our cash flow is out of control – what can we do to meet our commitments?
The first rule of cash flow management is to plan ahead - and we help you do that. Unfamiliar financial jargon becomes simple when we help you to prepare a profitability budget and a cash flow forecast – and to understand the important difference between the two.
Why should we use your bookkeeping services?
You benefit from our efficient and timely processing of information and data and our accurate compilation of financial information with due professional care, including the essential respect for the confidentiality of all information acquired in the course of our work.
I really need help with my business admin, but won’t it cost a lot?
The cost to you is calculated on your individual needs. You don’t pay for any aspect of our services that your specific circumstances don’t require. A brief chat will allow us to give you an estimate.
Financial year-end is always a nightmare and keeping accounts is confusing – how can you help?
We can keep all your records current. Imagine the peace of mind at year-end when we have your annual draft accounts up to Trial Balance ready to hand over to your Accountants - in perfect condition. Time to negotiate a reduction in their annual fee, now that they have so little to do to be in a position to file your returns!