Kova Finance

We’re excited to share how we recently helped one of our customers save $200 a month by refinancing their loan. Now, they’re happily deciding whether to use the extra cash to pay off bills or put it toward your saving goals! And they’re not the only ones—many others have experienced similar savings by trusting Kova Finance with their refinancing needs.

If you’re curious about how much you could save or want to understand your borrowing capacity, it only takes 2 minutes to find out. Simply click the link below, complete the short form, and you’ll receive your personalized results within 24 hours.

https://form.jotform.com/klimkovaceski/fact-finder

At Kova Finance, we’re committed to helping our customers achieve their financial goals. Let us help you take the next step toward financial freedom!

Proud Partner! Looking forward to the future with this iconic club!

SPONSOR PARTNER I Kova Finance.

We would like to welcome Kliment Kovaceski and his team at Kova Finance as a 2024 partner.

Kliment Kovaceski is here to assist clients in purchasing their first property, an investment property or refinancing their current loans whether it be residential or commercial. Having spent almost a decade working in various finance roles both with lenders and with wealth management partners, Kliment has consistently delivered remarkable results, making him a trusted and reliable mortage broker to assist or advise you on any scenario you may have!

Contact Kliment today. Ph 0452207355

Kova Finance is proud to announce our sponsorship of the Preston Lions Football Club! It's more than just a partnership; it's a commitment to supporting our local community and fostering a love for the beautiful game. As passionate advocates for community development, we're thrilled to stand alongside the Preston Lions FC and their dedicated players, coaches, and supporters. Together, let's strive for excellence on and off the field, building a stronger, more connected community. Here's to a season filled with teamwork, determination, and unforgettable moments! 🦁💪

5 facts you may not know about lending in Australia!

1. Did you know most lenders do "stress-tests" before providing a loan to a customer? They ensure that you can afford to pay 3% higher than the current interest rates should things go south!

2. For investment properties, you can borrow 100% of the costs. Using equity in your Owner-Occupied property and turning it into and investment loan, you can purchase an investment property before $1 even comes out of your pocket!

3. LMI is not as scary as it seems…With the rising property market in Australia, it is getting harder and harder to get that 20% deposit to avoid Lenders Mortgage Insurance. The good news is you don’t have to, LMI can be added on top of the loan and paid over 30 years!

4. Gone are the days of your standard mortgage. With products such as fixed interest rates, redraw facilities, offset accounts, 5% deposit schemes and guarantor loans, it is becoming more and more achievable for you to complete that purchase!

5. Brokers are writing over 70% of mortgages in Australia! What are you waiting for? Be a part of the majority and get the best deal out there!

RBA ANNOUNCES PAUSE ON RATES!!!

With the RBA not meeting in January, this gives mortgage owners a break until Febuary from the craziness that has been interest rates this year.

Potentially time to purchase and start 2024 off with a bang.....

Don't wait for the market, get in the market and rake in the benefits NOW!

Or if you are already in the market, make sure you are getting the best deal possible!

It's all in your hands.... but you don't have to do it alone because Kova Finance can help you every step of the way!

Jingle Bills, Jingle Bills! Save Big this Christmas with Kova Finance!

This festive season, why not give yourself the gift of extra savings? At Kova Finance, we're here to help you unwrap the possibilities of refinancing your mortgage.

Festive Savings: Explore the potential of lowering your monthly payments and putting more money back in your pocket.
'Tis the Season to Refinance: Take advantage of competitive rates and discover how refinancing can be your financial game-changer.
More Joy, Less Spending: Imagine a holiday season with extra funds for the things that truly matter.

This Christmas, let Kova Finance guide you toward a brighter financial future. Contact us to learn more about the savings waiting for you through mortgage refinancing.

INTEREST RATES INCREASE AGAIN!?!?

Once again the RBA has announced the words that home-owners dread hearing…. "interest rate hike" with the possibility of another one for the month of December! Now that’s not a great way to start the holiday period…

At Kova Finance, there is a saying we like to keep in mind at times like these:

"You marry your house, but you only have to date your interest rates"

Meaning don’t stay with a lender that is dragging you down with high interest rates, fees and won't return any of your calls. Get in contact with Kova Finances and we can set you up with someone that you can see a happier, healthier (and cheaper) future with!

FREE:
- Financial Health Check, showing how much you can save by refinancing
- Borrowing capacity, to see how you can begin to or further build your portfolio
- Application processing from start to finish!

Here's why you should choose Kova Finance:

Expert Guidance: We know the mortgage market inside out, ensuring you get the best options.

Market Insights: We have access to a wide network of lenders, guaranteeing competitive rates and terms.

Personalized Service: We understand that your financial situation is unique, so we tailor our solutions to your needs.

But the real magic happens when you choose Kova Finance. Just recently, we had the pleasure of assisting a client in refinancing their mortgage, resulting in incredible savings of almost $300 a month!

This success story showcases how Kova Finance can make a tangible difference in your financial life.

Get in contact now for FREE:

- Financial Health Check, showing how much you can save by refinancing

- Borrowing capacity, to see how you can begin to or further build your portfolio

- Application processing from start to finish!

🌟 Maximize Your Savings Potential with Kova Finance! 🏡💰

Are you ready to put more money back in your pocket? The power to save is right at your fingertips, and it starts with mortgage refinancing through Kova Finance! 💸✨

Here's why choosing us for your refinancing needs is the smartest money move you can make:

1️⃣ Expert Financial Guidance: we know the ins and outs of the industry. We're here to help you make informed decisions that lead to substantial savings.

2️⃣ Customized Savings Plans: Your financial goals are unique, and your refinancing plan should be too. We'll work closely with you to create a tailored strategy that maximizes your savings potential.

3️⃣ Unlock Lower Interest Rates: Even if interest rates have stabilized, we can help you secure competitive rates and terms that can significantly reduce your monthly payments.

4️⃣ Consolidate Debt: Say goodbye to high-interest debt. Refinancing allows you to consolidate your debts into one manageable, low-interest payment, helping you save money and simplify your finances.

5️⃣ Streamlined Process: Our hassle-free refinancing process means you can start saving money sooner. We handle the heavy lifting, so you can enjoy the benefits.

6️⃣ Transparent Savings: No hidden fees or surprises. We're committed to transparency, ensuring you fully understand the savings you're gaining.

Ready to supercharge your savings? 🚀

📞 Contact us today at to schedule a consultation. Discover how Kova Finance can help you keep more money in your wallet while achieving your financial goals! 💰🏠

It's time to take control of your finances and start saving smarter with Kova Finance! 🤝

THE RBA HAS DECIDED TO HOLD THE CASH RATE FOR A 3RD CONSECUTIVE MONTH!

With inflation heading towards the RBA's target band, they have decided to hold the cash rate steady for this month as well which allows some relief for Australian mortgage holders.

What this also means is that if you haven't refinanced within the last 2-3 months and you are not on a fixed rate, you are almost definitely not getting the best rate out there!

Get in contact now for FREE:

- Financial Health Check, showing how much you can save by refinancing
- Borrowing capacity, to see how you can begin to or further build your portfolio
- Application processing from start to finish!

Let us help keep your money in your pocket!

Tired of feeling like your home loan is holding you back? It's time to take charge and make your mortgage work for you! With interest rates holding steady, now is the perfect opportunity to explore refinancing options for your home loan. At Kova Finance, we understand the importance of finding financial freedom and we're here to guide you every step of the way. Say goodbye to stress and hello to savings! Contact us today and let's embark on your journey towards a more manageable and fulfilling mortgage. 💪

Amazing !!! Listening to the success stories and learning how they got there, what a way to start the week!

RATE HIKE!

The RBA has just announced that it has increased the cash rate by 0.25%, making it the highest it has been in 11 years.

Still think you can wait for interest rates to drop before you refinance and start saving some money?

As shown by last months rate hold and this months increase, no one knows when we will see any kind of decrease!

Variable rates are the way to go at the moment which means there will be no break costs even if you were to refinance in 1-2 years time and if rates start dropping, so will your already reduced interest rate, meaning you can only benefit!

Don't delay, start discussing a refinance with Kova Finance today FOR FREE!

Great news for homebuyers and homeowners! The Reserve Bank of Australia (RBA) has announced that interest rates will remain level for the time being after monthly increases since May 2022. This means that you can still take advantage of current rates and secure your dream home. Whether you're a first-time home buyer, investor or looking to refinance, now is a great time to explore your options and take advantage of the current market conditions. Contact us today to learn more and get started on your homeownership journey!

In the coming weeks Kova Finance will be providing weekly short videos titled "Money Mindset" on the most recent market information, real client stories and outcomes, tips on how to best save money and much more!

Tune in to all social platforms to stay in the loop!

FINANCE TIP OF THE WEEK!

The RBA have increased the cash rate for a record 10th consecutive time and it does not look like it is stopping soon!

WHEN (not if) passed on in full by banks, the cost of additional repayments on a typical $500,000 mortgage will have increased by about $1,000 per month since May.

The climbing rates are now heavily affecting household cash flow and is leaving less money in your pocket. Ensure that you are getting the lowest rate in the market and saving as much as possible TODAY!

Get in contact with Kova Finance for a FREE financial health check.

What can Kova Finance do for you?

Kova Finance helps you acheive your financial goals, however big or small they might be!

Whether it is refinancing your own home loan to pay less interest, putting together an investment stratergy to start building your portfolio/wealth, looking to purchase a brand new car or even getting finance to give your house a makeover, Kova Finance can assist in any financial aspect.

The best part is we can assist you FOR FREE! No hidden fees, no pre or post application costs, no suprise bill once your loan has settled.

If you are not sure where your current financial position is, we can also provide free health checks on your current loans and financial situation to provide you with a clear view of all your posibilities.

Get in contact with us today!

FINANCE TIP OF THE WEEK!

Thinking about purchasing a new car? Go on holiday? Saving for a major event? Or maybe you are looking to invest in real estate but struggling to save that deposit?

Most people are unaware of the equity they have in their property or even the fact that they can use that equity for many different things!

While you access those funds, you can also refinance your home loan to ensure your paying minimal amounts accross the board!

Get in contact with Kova Finance to see just how much equity you have and what you can do with it!

FINANCE TIP OF THE WEEK!

No amount of money in the world ever bought a second of time.

Think about that for a second...

No matter how much money you have, how many properties in your portfolio or how much income you make annually, nothing will ever give you back the time spent on getting to that position.

Your time is your most valuable asset so I encourage you to use it wisely, especially when it comes to your financial situation.

You watch the news and see the negative commentary on interest rates and think "Hey, maybe I can save thousands refinancing and looking for a better deal". Then you consider all the hours you will need to spend after work, researching each lenders rate, speaking about scenarios, strategy and servicability to maybe 4-5 different lenders before your exhausted........ Time wasted.

At Kova Finance, we understand your time is precious. Let us do the running around for you and we can get you legitamate options from over 35 different lenders in 24 hours. All with no fees and no stress to yourself.

Don't waste time and money, save now.

FINANCE TIP OF THE WEEK!

Top Economists from each of the big four lenders have recently discussed their predictions for when we will start seeing the cash rate decrease:

* CommBank - increase to 3.35% in early 2023. Dropping to 2.85% by December 2023.
* NAB - rising to 3.60% by May 2023. Dropping to 3.10% by March 2024.
* Westpac - rising to 3.85% by June 2023. Dropping to 3.35% by June 2024.
* ANZ - rising to 3.85% by May 2023. Dropping to 3.60% by November 2024.

As you can see above, each of them have wildely different opinions!

Refinance and start saving money TODAY and do not wait for the cash rate to decrease to refinance. If these predictions are true, you could save THOUSANDS of dollars refinancing now rather then paying a high amount of interest, waiting for your bank to start decreasing their rates.

Get in contact with Kova Finance for a free consultation today to see how much you can save!

FINANCE TIP OF THE WEEK!

Wanting to invest but finding it pretty much unaffordable to do so in areas you know? Maybe its time to look elsewhere....

There are many reasons why the Perth market is now very attractive to investors, affordability being one of them. Here is a snapshot of the Perth market provided by DV Buyers Agency, an on the ground, Perth based buyers agent that can help you grow your portfolio:

Perth Median Price = $560,000 (2nd lowest in the nation)
Perth Median Rent = $553/week

Median Gross Yield = 5.1% (When looking at suburb level, yields can be found up to around 6% in some cases)

Perth vacancy rate as of Dec 22 = 0.6%. (Lowest level seen in 42 years. Perth is crying out for investors which means rents and yields will keep increasing due to lack of stock.)

Property listings = 5,500 as of Dec 22. A balanced market = 12,000. (This shortage of properties available keeps demand high and property prices rising)

Forecasted capital growth for 2023 = 2-5%. (Most other capital cities are forecasted to decline and have negative growth this year)

Population expected to grow by 1.5% in 22/23. (This puts further pressure on the rental market and asking prices as most will rent before buying)

Perth infrastructure boom!!! The CBD is currently going through major redevelopments with new hotels, restaurants, shops being built to improve amenity and tourism. The Perth MetroNet project is also adding around 42km of new railway and stations to link the Perth metro area and the airport like never before. It will now be must easier and faster to commute around the city.

Kova Finance is working with DV Buyers Agency to assist clients in building their investment portfolio affordably and with potential for amazing capital growth!

Get in contact to get the process started and begin building your wealth!

FINANCE TIP OF THE WEEK!

Recent reports show that 71.7% of Australians are trusting Mortgage Brokers to find them the best rates rather then going to the bank themselves, which is an all time high and continues to grow! The main reason being a bank will only offer you their own products and not compare them to other financial institution.

A Mortgage Broker on the other hand will look at over 30 different financial institutions, find you the best product in the market and compare it to the other lenders to show you how it can benefit you! Just think of how much time you would be saving if you had to research so many different financial institutions just to find out how much you would be able to save.

The best part is, at Kova Finance, we will do all the hard work for you for free! No charge to the client at all. No hidden fees, no upfront cost.

Get in contact to see how much money Kova Finance can save you!

FINANCE TIP OF THE WEEK!

Start 2023 off right!

The ABS just announced the inflation is still on the rise, currently sitting on 7.3% with the most significant contributors to this is transport, food, household equipment and services, and recreation.

These are some things that we just cannot control, so make sure that you are on top of the expenses that you can!

Ensuring you have the best possible interest rate on the market can take away some of the stress the the current economic climate might be putting on you and your family.

Contact Kova Finance for a free financial health check so you can see how much you could be saving per month!

FINANCE TIP OF THE WEEK!

Locked in a great fixed interest rate 1-2 years ago and now coming off to a horrible revert rate?

If you were lucky enough to lock in a 1.94% fixed interest rate 1-2 years ago on a $700,000 home loan, you would have repayments of $2,566 a month. If your fixed rate has now expired, you are looking at rates of about 4.5-5% which would mean an increase of about $1,000 - $1,200 a month! That could have some serious impact on people's standard of living.

Make sure you are getting the best possible rate if you are going back to variable to ensure you are keeping your interest repayments as low as possible and minimising the impact of that dreaded revert rate!

Contact Kova Finance to refinance your loans before the fixed rate expires to avoid any nasty suprises come your next repayment date.

FINANCE TIP OF THE WEEK!

Generally people think in order to shave years off of their loan term, they have to make a large amount of extra repayments which could affect their day to day living expenses.

THIS IS NOT THE CASE!

If you were to put aside only an extra $50 a week (just over $7 a day) and contribute that towards your mortgage, you would shave almost 4 years from a standard $600,000, 30-year mortgage and that's not even the best part.

As interest is calculated daily and charged monthly, you would save just under $74,000 in interest that the bank would have originally charged you.

Almost 4 years off your home loan and save almost $74,000 in interest for only $50 a week, sounds like a good deal to me!

A common concern I hear from this stratergy is "What if something were to happen and I would need those extra funds?" We can set you up with a redraw facility that should you need, you can access the additional repayments you have made with no problems!

For more tips on setting your finances up correctly, please contact Kova Finace for a free consultation.

The RBA has done it again!

Yesterday the RBA lifted its cash rate by 25 basis points to 2.85%. What does this mean for people on a variable rate?

- A $500,000 loan has an increased repayment of $74 a month, which is an increase of $760 a month since May.

- A $750,000 loan has an increased repayment of $112 a month, which is an increase of $1,140 a month since May.

- A $1,000,000 loan has an increased repayment of $149 a month, which is an increase of $1,520 a month since May.

A few financial institutions have already passed on this increase to their clients. Now is the best time for a health check on your home/investment loan to ensure you are paying the least amount of interest possible.

Let's keep your money in your pocket during this inflated period!

Get in touch for a free health check!

“It must be hard being a mortgage broker now that the interest rates are rising”

I hear this quote constantly through many different avenues which includes the news!

I encourage people to think differently.

Consider this, when interest rates are low, you can simply go to your current lender, say you want a better rate and more often than not, you will get it!

Now look at it from today’s point of view. interest rates are rising, your lender is increasing your rates monthly and you think all banks are probably around the same and don’t have the time or the energy to put into going to each and every lender to find the best deal and keep the money in your pocket rather than theirs!

That’s where mortgage brokers such as Kova Finance come in. After gathering minimal information, we can show you exactly how much you can be saving within 24-48 hours of our initial conversation.

Please reach out and get in contact if this is something that has crossed your mind.