Blog
Blog
27/08/09
Benefits of Crown Lending
Some Benefits of Crown Lending
• BANK FEES:
A lot of people out there are sick and tired of paying excessive bank fees to their bank and receiving little or no service at all. Crown Lending realizes people hate paying fees, so your Crown Lending mortgage will not charge you any monthly account keeping fees. That means you’re saving at least $8-$20 per month, every month!
• DISCOUNT INTEREST RATE:
All clients of Crown Lending will receive a discount off their variable interest rate. Rates start out at lower than the standard variable rate for this style of product.
• BANK MANAGER:
As a client of most of the major banks, unfortunately you are just seen as a number. You receive no personal service and are constantly on hold in their telephone quest, so that when you do eventually get through to a customer service representative, they are usually based in a call centre somewhere in Bombay!
As a client of Crown Lending you will be allocated your own direct personal telephone line for your Bank Manager, who will always be available for you to contact if you have any account queries, questions or problems. Back to the ‘Good Old Days’!!
• QUICK SETTLEMENT:
Crown Lending assesses your mortgage application ‘in-house’ which means that turn around times for approvals and settlements is nearly twice as quick! The valuations on your property are done within 5 days of the file being submitted and settlement is usually within 4 weeks from submitting the application into the office, which means you will be saving money a lot sooner!
• BANK STATEMENTS:
Crown Lending clients receive their home loan statements every single month, so you will know where every single cent you pay on your mortgage goes.
Ever wondered why your bank statements only come every 6 months? Banks cleverly send statements out half yearly just so that you don’t realize how much out of your monthly repayments actually goes to them in bank profit (which they call interest).
• GUARANTEED RESULTS:
Because you have your money working for you rather than the bank, the results you will see are phenomenal. Not to mention the fact that you are actually having your money ‘managed’ a lot more efficiently and your budgets are actually in place. It is fool-proof, and impossible for you to spend more than you earn. We give 100% money back guarantees for clients if they don’t achieve the results we forecast for them!
Call Scott Parry on 1300 882 981 for further information or a free quote.
Some Benefits of Crown Lending
• BANK FEES:
A lot of people out there are sick and tired of paying excessive bank fees to their bank and receiving little or no service at all. Crown Lending realizes people hate paying fees, so your Crown Lending mortgage will not charge you any monthly account keeping fees. That means you’re saving at least $8-$20 per month, every month!
• DISCOUNT INTEREST RATE:
All clients of Crown Lending will receive a discount off their variable interest rate. Rates start out at lower than the standard variable rate for this style of product.
• BANK MANAGER:
As a client of most of the major banks, unfortunately you are just seen as a number. You receive no personal service and are constantly on hold in their telephone quest, so that when you do eventually get through to a customer service representative, they are usually based in a call centre somewhere in Bombay!
As a client of Crown Lending you will be allocated your own direct personal telephone line for your Bank Manager, who will always be available for you to contact if you have any account queries, questions or problems. Back to the ‘Good Old Days’!!
• QUICK SETTLEMENT:
Crown Lending assesses your mortgage application ‘in-house’ which means that turn around times for approvals and settlements is nearly twice as quick! The valuations on your property are done within 5 days of the file being submitted and settlement is usually within 4 weeks from submitting the application into the office, which means you will be saving money a lot sooner!
• BANK STATEMENTS:
Crown Lending clients receive their home loan statements every single month, so you will know where every single cent you pay on your mortgage goes.
Ever wondered why your bank statements only come every 6 months? Banks cleverly send statements out half yearly just so that you don’t realize how much out of your monthly repayments actually goes to them in bank profit (which they call interest).
• GUARANTEED RESULTS:
Because you have your money working for you rather than the bank, the results you will see are phenomenal. Not to mention the fact that you are actually having your money ‘managed’ a lot more efficiently and your budgets are actually in place. It is fool-proof, and impossible for you to spend more than you earn. We give 100% money back guarantees for clients if they don’t achieve the results we forecast for them!
Call Scott Parry on 1300 882 981 for further information or a free quote.
12/05/09
Secrets Your Bank Won't Tell You...
If and when you are looking for finance, try to look past the banks ‘lowest interest rate’ marketing ploys as it is usually those mortgages with the low interest rates that will actually cost you more over the term of the loan, not only in fees but also the most important factor being TIME!
I often ask my clients, would you prefer a home loan at 6.99% over 30 years or a home loan at 7.95% over 17 years? I’d much rather be Debt Free is 17 years rather than 30 years – wouldn’t you?
Banks have trained you to think that if you ask the golden question – “What’s the lowest interest rate”, that is equivalent to you asking for the ‘Best deal’… However, this is
not the case, as the banks use the ‘low rate’ to hook people on these FAT PROFIT ridden 25 or 30 year Home Loans. They know that by getting you in on a so-called ‘low’ rate, the banks will be getting more than their fair share of profit out of you, over the long and expensive 30 year term!
Did you know that you will pay back MORE than double what you originally borrowed from the
bank with a 25 or 30 year P & I loan ?
Based on the last 7 years I have spent in the finance industry, if I could offer you only one piece of advice - it would be: “Look at the STRUCTURE of your home loan".
What I mean by that is, make sure you look at a loan which allows you the freedom and flexibility to actually get your income working for YOU on YOUR loan. By getting your income working for you on your loan, you will be able to save thousands of dollars in
interest payments as well as get debt free quicker!
No, I’m not talking about the Line of Credit (Equity Line) which turns into a massive headache just like the credit card that is attached to it. This type of loan makes it easy for you to spend MORE than what you earn. It not only allows you to spend more than what you earn, it magnifies the negative effect and your repayments actually INCREASE each month as your Debt level increases.
Every week I refinance clients off of Lines of Credit, especially when the clients have unfortunately chewed up all of their equity, and have their loan balances just sitting under the facility limit. This loan is a trap which will expose you if you lack self discipline (95% of Australians) and sound money management.
What I’m talking about is getting a home loan facility where you are actually guaranteed to Pay Less each month in repayments, yet you will still be Debt Free Quicker.
And now you’re asking yourself “Why hasn’t the bank told me about this”… Think about it… The longer you’re in debt, the more money the banks make. The more money the banks make, the higher their profits. The higher their profits, the happier their share holders are and the higher the share price rises. The higher the share price, the higher the value ($) of the bank!
So why would any bank want to show you How To Get Out of Debt Quicker? They clearly don’t and they won’t – it is not in their best interests!
Whereas my mindset is different – I’m a very BIG believer in Debt Reduction AND then Wealth Creation! Now the banks certainly don’t give you any strategies on wealth creation….do they?
It’s pretty simple if you think about it – The Quicker I reduce your Debt, the Quicker you have more Equity to start creating Wealth. And guess what you’ll need to start creating wealth – an investment loan! Luckily, that is where I (your financial consultant) get paid again. So the quicker I can get your debt down, the quicker I get paid again….
Now that is what I call having a vested interest in your success – the better you do, the better I do! That’s the way it should be….and best of all, you get to use Crown’s Debt Reduction & Wealth Creation program for FREE - we get paid by the lender!
Scott Parry
Director
Crown Lending
1300882981
If and when you are looking for finance, try to look past the banks ‘lowest interest rate’ marketing ploys as it is usually those mortgages with the low interest rates that will actually cost you more over the term of the loan, not only in fees but also the most important factor being TIME!
I often ask my clients, would you prefer a home loan at 6.99% over 30 years or a home loan at 7.95% over 17 years? I’d much rather be Debt Free is 17 years rather than 30 years – wouldn’t you?
Banks have trained you to think that if you ask the golden question – “What’s the lowest interest rate”, that is equivalent to you asking for the ‘Best deal’… However, this is
not the case, as the banks use the ‘low rate’ to hook people on these FAT PROFIT ridden 25 or 30 year Home Loans. They know that by getting you in on a so-called ‘low’ rate, the banks will be getting more than their fair share of profit out of you, over the long and expensive 30 year term!
Did you know that you will pay back MORE than double what you originally borrowed from the
bank with a 25 or 30 year P & I loan ?
Based on the last 7 years I have spent in the finance industry, if I could offer you only one piece of advice - it would be: “Look at the STRUCTURE of your home loan".
What I mean by that is, make sure you look at a loan which allows you the freedom and flexibility to actually get your income working for YOU on YOUR loan. By getting your income working for you on your loan, you will be able to save thousands of dollars in
interest payments as well as get debt free quicker!
No, I’m not talking about the Line of Credit (Equity Line) which turns into a massive headache just like the credit card that is attached to it. This type of loan makes it easy for you to spend MORE than what you earn. It not only allows you to spend more than what you earn, it magnifies the negative effect and your repayments actually INCREASE each month as your Debt level increases.
Every week I refinance clients off of Lines of Credit, especially when the clients have unfortunately chewed up all of their equity, and have their loan balances just sitting under the facility limit. This loan is a trap which will expose you if you lack self discipline (95% of Australians) and sound money management.
What I’m talking about is getting a home loan facility where you are actually guaranteed to Pay Less each month in repayments, yet you will still be Debt Free Quicker.
And now you’re asking yourself “Why hasn’t the bank told me about this”… Think about it… The longer you’re in debt, the more money the banks make. The more money the banks make, the higher their profits. The higher their profits, the happier their share holders are and the higher the share price rises. The higher the share price, the higher the value ($) of the bank!
So why would any bank want to show you How To Get Out of Debt Quicker? They clearly don’t and they won’t – it is not in their best interests!
Whereas my mindset is different – I’m a very BIG believer in Debt Reduction AND then Wealth Creation! Now the banks certainly don’t give you any strategies on wealth creation….do they?
It’s pretty simple if you think about it – The Quicker I reduce your Debt, the Quicker you have more Equity to start creating Wealth. And guess what you’ll need to start creating wealth – an investment loan! Luckily, that is where I (your financial consultant) get paid again. So the quicker I can get your debt down, the quicker I get paid again….
Now that is what I call having a vested interest in your success – the better you do, the better I do! That’s the way it should be….and best of all, you get to use Crown’s Debt Reduction & Wealth Creation program for FREE - we get paid by the lender!
Scott Parry
Director
Crown Lending
1300882981
29/03/09
What is going to happen with Interest Rates in 2009?
Well with Australia heading into a recession the big question on everyone’s lips is –
“How Low Can Interest Rates Go ?”
As we know, interest rates have been used in the past to slow ‘inflation’ and consumer spending.
These two indicators have certainly had the brakes put on them lately due to the economic climate.
So what will the government and RBA do about interest rates if these two concerns have been cooled down over the past 12 months ?
I personally think that you will be receiving a 0.5% rate reduction before the end of July 09 and then another 0.5% rate reduction before December 09.
This will mean that your interest rate should be approx 1.00% lower than what it is currently at today.
Once again, I’m certainly not Nostradamus but I do feel pretty confident about the direction of interest rates for the next 6 – 9 months.
When the interest rates have actually reduced by the anticipated 1% - then I would start to think about looking at Fixed Rate options, especially fixing ONLY some of the loan so you can continue to get the benefits out of running your incomes through the loan.
One thing to be very careful of is your superannuation balance – keeping an on it is very important as you should want to know how much you’ve LOST over the past year. There are so many options out there for you that are going to give you better returns over the next few years!
I’d also like to thank you once again for reading this - it is an absolute pleasure having you onboard and we look forward to helping you SAVE & MAKE as much money as possible over the next few years!
Cheers
Scott Parry
Director
1300 882 981
www.CrownLending.com.au
Well with Australia heading into a recession the big question on everyone’s lips is –
“How Low Can Interest Rates Go ?”
As we know, interest rates have been used in the past to slow ‘inflation’ and consumer spending.
These two indicators have certainly had the brakes put on them lately due to the economic climate.
So what will the government and RBA do about interest rates if these two concerns have been cooled down over the past 12 months ?
I personally think that you will be receiving a 0.5% rate reduction before the end of July 09 and then another 0.5% rate reduction before December 09.
This will mean that your interest rate should be approx 1.00% lower than what it is currently at today.
Once again, I’m certainly not Nostradamus but I do feel pretty confident about the direction of interest rates for the next 6 – 9 months.
When the interest rates have actually reduced by the anticipated 1% - then I would start to think about looking at Fixed Rate options, especially fixing ONLY some of the loan so you can continue to get the benefits out of running your incomes through the loan.
One thing to be very careful of is your superannuation balance – keeping an on it is very important as you should want to know how much you’ve LOST over the past year. There are so many options out there for you that are going to give you better returns over the next few years!
I’d also like to thank you once again for reading this - it is an absolute pleasure having you onboard and we look forward to helping you SAVE & MAKE as much money as possible over the next few years!
Cheers
Scott Parry
Director
1300 882 981
www.CrownLending.com.au
22/02/09
2009 - What lies ahead...
Well 2009 is here and I hope that your year is off to a flyer!
After the roller coaster ride for interest rates, shares and property in
2008 I just wanted to give you a 'heads up' on what I expect to happen to
the Australian economy in 2009.
I think that there will be another rate reduction on its way to you
before the end of this financial year - and I'm hoping for around 0.75%.
There will also be another 0.5% rate reduction on its way out to you later
in the year, so your mortgage repayments will continue to reduce this year.
I'm anticipating that by the end of 2009 your interest rates should be at
least 1% lower than what they are today !
That will be a great relief for all of us, especially considering how high
they got earlier last year.
In relation to fixing your interest rates, I'm personally leaving my loans
variable for now and will be looking to review that towards the end of this
year.
In relation to the property market, I anticipate that prices will continue
to decline around Australia, I think a 10% slide in most suburbs is to be expected.
This will be as a direct result of the increasing unemployment rates that are
occurring around the country.
It is easiest to explain this way:
If your next door neighbour loses his/her job and
isn't able to find work for a month or two, then the first thing
they worry about is defaulting on the mortgage payment.
To avoid having a black mark on their credit history for the next five years
they put their property up for a quick 'fire' sale.
Now without many potential buyers in the market, the property doesn't get
any offers for a month, and then some smart investor decides to throw a low
ball offer at them which is $50,000 less than the asking price. They accept
the offer out of pure desperation......
Guess What ?!?! Your house is now valued at $50,000 less because ALL
property prices are based on "recent market sales" in your area.
If you are looking to buy an investment property and pick up a bargain, I'd
strongly advise waiting until after the middle of this year as that is when
there will be a massive glut of properties on the market and you will be
able to name your price!
The share market got absolutely smashed last year, it lost 52% of its value
in under 12 months...... that is what I call a 'Crash'!
Now we all know that 'what goes up must come down..... and what comes down
must go up".
I'm predicting the stock market will start to recover late into 2009 -
so I'm buying blue chip stocks now and then reassessing my portfolio towards
the end of this year, it'll probably be a great time to bank some profits!
A friend of mine once said "When others are greedy be fearful, and when
others are fearful be greedy"....
Best wishes for 2009 - may it be your best year yet!
Regards
Scott Parry
Managing Director
Crown Lending
1300 882 981
Well 2009 is here and I hope that your year is off to a flyer!
After the roller coaster ride for interest rates, shares and property in
2008 I just wanted to give you a 'heads up' on what I expect to happen to
the Australian economy in 2009.
I think that there will be another rate reduction on its way to you
before the end of this financial year - and I'm hoping for around 0.75%.
There will also be another 0.5% rate reduction on its way out to you later
in the year, so your mortgage repayments will continue to reduce this year.
I'm anticipating that by the end of 2009 your interest rates should be at
least 1% lower than what they are today !
That will be a great relief for all of us, especially considering how high
they got earlier last year.
In relation to fixing your interest rates, I'm personally leaving my loans
variable for now and will be looking to review that towards the end of this
year.
In relation to the property market, I anticipate that prices will continue
to decline around Australia, I think a 10% slide in most suburbs is to be expected.
This will be as a direct result of the increasing unemployment rates that are
occurring around the country.
It is easiest to explain this way:
If your next door neighbour loses his/her job and
isn't able to find work for a month or two, then the first thing
they worry about is defaulting on the mortgage payment.
To avoid having a black mark on their credit history for the next five years
they put their property up for a quick 'fire' sale.
Now without many potential buyers in the market, the property doesn't get
any offers for a month, and then some smart investor decides to throw a low
ball offer at them which is $50,000 less than the asking price. They accept
the offer out of pure desperation......
Guess What ?!?! Your house is now valued at $50,000 less because ALL
property prices are based on "recent market sales" in your area.
If you are looking to buy an investment property and pick up a bargain, I'd
strongly advise waiting until after the middle of this year as that is when
there will be a massive glut of properties on the market and you will be
able to name your price!
The share market got absolutely smashed last year, it lost 52% of its value
in under 12 months...... that is what I call a 'Crash'!
Now we all know that 'what goes up must come down..... and what comes down
must go up".
I'm predicting the stock market will start to recover late into 2009 -
so I'm buying blue chip stocks now and then reassessing my portfolio towards
the end of this year, it'll probably be a great time to bank some profits!
A friend of mine once said "When others are greedy be fearful, and when
others are fearful be greedy"....
Best wishes for 2009 - may it be your best year yet!
Regards
Scott Parry
Managing Director
Crown Lending
1300 882 981
19/09/08
What is happening with the world financial markets?
Well hasn't it been an interesting week !!
The events of September 15 2008 in the USA markets are unprecedented in recent memory.
We are seeing more and more proof that the current investment model in America was not built to withstand a credit crunch, the likes of which we are currently experiencing.
The Dow Industrials index fell 449 points (or 4%) over night, as the US Government's $85billion bailout of American Insurance Group (AIG) amplified fears about the stability of financial markets and major financial institutions.
In an attempt to calm world financial markets Federal banks in the US and Europe are pouring liquidity into their respective markets. The Bank of England has agreed to extend its emergency lending program to counter worsening market conditions while the US Federal Reserve issues additional treasury bonds to increase liquidity within the market. We are now witnessing further consolidation within the financial sector as investment banks merge with commercial banks which hold substantial deposits. Lloyds of London have today acquired HBOS (who own Bankwest) and Morgan Stanley is investigating the possibility of merging with Wachovia Bank. Overnight Barclays Bank agreed to purchase Lehman Brother's North American Trading business as well as Lehman's New York headquarters for an estimated $2 billion.
The events of the past few days have only further highlighted that a sustained period of credit contraction is upon us. What we are now seeing is a systemic banking system crisis in the US. Stuart Fagg at ninemsn money comments that 'Australian banks did not join the rush into mortgage-backed securities with the same fervour of some of the US and European banks. The chances of Australian banks sustaining the losses of the size we've seen in the US are extremely slim'. With less borrowing taking place (due to the increased cost of credit) the road to economic recovery will be a slow and drawn out process.
While we are literally watching stock prices move on an hourly/daily basis, we must remind ourselves of the investment cycle and nature of investing. The returns seen over the 2003-2007 period were not only substantial but completely unsustainable.
Shane Oliver, Head of Investment Strategies at AMP Capital partners believes that 'we may see further downside in the next month or so, but our assessment is that a longer term
bear market in shares is unlikely".
The fundamentals of many Australian companies have not changed significantly over the past few weeks. The main driver of the market at present is fear, anxiety and panic rather than research, analysis and fundamentals. The average bear market (since 1970) has lasted 14 months; we are currently 11 months into this downward trend.
The average annual bear market loss is 29% and we are currently down over 30%. Conversely the average bull market duration since 1970 has lasted 42 months at an average gain of 27.5%.
Sources:
Alexandra Twin - CNNMoney.com
Byron W. King - The Daily Reckoning Australia
Marcus Padley - marcustoday.com.au
Shane Oliver - Head of Investment Strategies - AMP Capital Investors
Stuart Fagg - money.ninemsn.com.au
Tom Bignill - Head of Equity Markets - Next Financial Ltd
If you have any questions, thoughts or fears I'd be happy to help out and try to answer them for you.
All the Best,
Scott Parry
Director
Crown Investment & Financial Services
1300 889 310
Well hasn't it been an interesting week !!
The events of September 15 2008 in the USA markets are unprecedented in recent memory.
We are seeing more and more proof that the current investment model in America was not built to withstand a credit crunch, the likes of which we are currently experiencing.
The Dow Industrials index fell 449 points (or 4%) over night, as the US Government's $85billion bailout of American Insurance Group (AIG) amplified fears about the stability of financial markets and major financial institutions.
In an attempt to calm world financial markets Federal banks in the US and Europe are pouring liquidity into their respective markets. The Bank of England has agreed to extend its emergency lending program to counter worsening market conditions while the US Federal Reserve issues additional treasury bonds to increase liquidity within the market. We are now witnessing further consolidation within the financial sector as investment banks merge with commercial banks which hold substantial deposits. Lloyds of London have today acquired HBOS (who own Bankwest) and Morgan Stanley is investigating the possibility of merging with Wachovia Bank. Overnight Barclays Bank agreed to purchase Lehman Brother's North American Trading business as well as Lehman's New York headquarters for an estimated $2 billion.
The events of the past few days have only further highlighted that a sustained period of credit contraction is upon us. What we are now seeing is a systemic banking system crisis in the US. Stuart Fagg at ninemsn money comments that 'Australian banks did not join the rush into mortgage-backed securities with the same fervour of some of the US and European banks. The chances of Australian banks sustaining the losses of the size we've seen in the US are extremely slim'. With less borrowing taking place (due to the increased cost of credit) the road to economic recovery will be a slow and drawn out process.
While we are literally watching stock prices move on an hourly/daily basis, we must remind ourselves of the investment cycle and nature of investing. The returns seen over the 2003-2007 period were not only substantial but completely unsustainable.
Shane Oliver, Head of Investment Strategies at AMP Capital partners believes that 'we may see further downside in the next month or so, but our assessment is that a longer term
bear market in shares is unlikely".
The fundamentals of many Australian companies have not changed significantly over the past few weeks. The main driver of the market at present is fear, anxiety and panic rather than research, analysis and fundamentals. The average bear market (since 1970) has lasted 14 months; we are currently 11 months into this downward trend.
The average annual bear market loss is 29% and we are currently down over 30%. Conversely the average bull market duration since 1970 has lasted 42 months at an average gain of 27.5%.
Sources:
Alexandra Twin - CNNMoney.com
Byron W. King - The Daily Reckoning Australia
Marcus Padley - marcustoday.com.au
Shane Oliver - Head of Investment Strategies - AMP Capital Investors
Stuart Fagg - money.ninemsn.com.au
Tom Bignill - Head of Equity Markets - Next Financial Ltd
If you have any questions, thoughts or fears I'd be happy to help out and try to answer them for you.
All the Best,
Scott Parry
Director
Crown Investment & Financial Services
1300 889 310