Considerations for your finances during the COVID-19 crisis

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:

Consolidate your loans

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).

Make sure you have the best rate on your loan

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.

You might also like...

Finance Brokers Tasmania selling a house Hobart

Preparing for Interest Rate Hikes!

When you consider a ‘hike’, what is the first thing that springs to mind? A walk through the bush or a sharp rise? The RBA lifted the official cash rate by 25 points to .35 percent last week – the first rise in 11 years. While we understand that a rate rise is never a good thing, interest rates are still at historic lows and we wonder if the use of the word ‘hike’ is a necessary one!

Read more...
Finance Brokers Tasmania Lance Cure Gary Casboult

What is a SMSF?

Self-managed super funds (SMSF) are a different way of saving for retirement. A SMSF gives flexibility and control over where your retirement funds are invested, including the opportunity to invest in residential and commercial property.

Read more...
Finance Brokers Tasmania - fixed interest rates

Government Grants - A budget Update 2022/23

If you missed the 2022-23 budget announcements this week, you may have missed the incentives announced for home buyers. While most are not new, the government have increased the number of spaces available for eligible home buyers through their Home Guarantee Scheme.

Read more...
FBT Hobart Bec and Dini

Do you need pre-approval?

We are often asked if you need pre-approval before looking for your dream home. Pre-approval is not essential but it is one way to ensure you don't miss out!

Read more...