Thursday 09 April, 2020
Due to the COVID-19 crisis and subsequent government regulations, we’ve seen a lot of financial changes. Sadly many of these changes have been through job and income loss, and are an added stress during an already difficult time.
If your financial situation is changing due to the current environment, get in touch with one of our expert brokers. We have assisted many clients with making financial adjustments and providing much-needed advice (as well as a listening ear). Here are a few things we suggest you consider:
There are many benefits to loan consolidation. It simplifies your monthly repayments, is easier to monitor and could save you a lot of money in interest in the long run (plus it doesn’t affect your credit score).
Another avenue to explore is assessing your current loans and making sure you’re getting the best deal. Recently we assisted a client with reassessing their home loan, and saved them over $60,000 in interest!
At Finance Brokers Tasmania we are the lending specialists, but our focus and passion is our clients and our local Tasmanian community. Get in touch so we can help you with a financial check-up – we will ensure you’re being looked after.
When applying for a loan, you’ll hear terms such as “borrowing power”, “borrowing capacity”, and “assessment rate”. But how do they relate? What do they mean? We’ll break it down for you in a simple equation.
During your research into your financial situation, you may have clicked on our calculator section – and been overwhelmed with the number of different types available! What do they all mean and what are they used for?!