Videos by Urban Broker Pty Ltd in Sydney. Instagram: @the_urbanbroker Helping connect people to their dream properties & assets. #urbanbroke
Many banks & lenders are offering loan repayment support to impacted industries.
Many people need this support, & if you feel you need guidance on your options - please - reach out @the_urbanbroker đđť âŚ
However ⌠there are also many people that take a ârepayment holidayâ just-because ⌠& this isnât ideal.
Whatever your reason(s) remember these key points:
. Your debt isnât wiped under these arrangements - your repayments are adjusted short term to help with your cashflow BUT youâll be paying the debt back eventually & some;
. Interest accrues daily, so your debt balance will actually increase if you capitalise repayments;
. If you want to re-borrow in the future ⌠Lenders & banks will want to know WHY you needed support & WHAT is in place to make sure you wonât have any issues repaying new debts.
REMEMBER that âopen bankingâ exists between many financial institutions now ⌠so while you might only be asked for 3-6 months of your loan history when youâre applying for finance, they can now look back across all platforms & pickup the smallest of issues like just ONE missed credit card payment (even if the rest of your banking conduct is clear). Big data is here ⌠so you cannot hide.
Again - please reach out if you would like some guidance on what options may exist in your situation.
#help #finance #money #options #australia #urbanbroker
Before you get help đ
Many banks & lenders are offering loan repayment support to impacted industries.
Many people need this support, & if you feel you need guidance on your options - please - reach out @the_urbanbroker đđť âŚ
However ⌠there are also many people that take a ârepayment holidayâ just-because ⌠& this isnât ideal.
Whatever your reason(s) remember these key points:
. Your debt isnât wiped under these arrangements - your repayments are adjusted short term to help with your cashflow BUT youâll be paying the debt back eventually & some;
. Interest accrues daily, so your debt balance will actually increase if you capitalise repayments;
. If you want to re-borrow in the future ⌠Lenders & banks will want to know WHY you needed support & WHAT is in place to make sure you wonât have any issues repaying new debts.
REMEMBER that âopen bankingâ exists between many financial institutions now ⌠so while you might only be asked for 3-6 months of your loan history when youâre applying for finance, they can now look back across all platforms & pickup the smallest of issues like just ONE missed credit card payment (even if the rest of your banking conduct is clear). Big data is here ⌠so you cannot hide.
Again - please reach out if you would like some guidance on what options may exist in your situation.
#help #finance #money #options #australia #urbanbroker
Fakes from the greats đ
Why URBAN BROKER thinks you should not base your decision to proceed with a lender/loan using âcomparison ratesâ ... đ°
+
(Anything said before âbutâ, is bullsh1t ... Except for âhoweverâ ... đ)
Ps. I still love you Mark Bouris đ.
#realtalk #values #truth #finance #money #property #goals #home #business #urbanbroker
If youâre living paycheck to paycheck there is a reason for this. Step 1 in understanding your spending habits is to identify how & where youâre spending your money. Print your last 90-days on your accounts/cards & take a look. Then ask yourself why? Need VS want (VS how about later & not right now ... except some critical online subscriptions đ ). đ˛ @the_urbanbroker đ°. #finance #budget #goals #reality #money #urbanbroker
Weekend #farm time. Hope youâre having a great weekend đżđâď¸... #farmlife #lucky #country #values #urbanbroker
Nearly all banks & lenders in all states have moved to e-sign mortgages & loan contracts đż. Did you know that there are lenders in Australia that actively participate & invest in sustainable energy ? Chances are itâs not your bank ... So, if this is important to you, reach out & make the switch @the_urbanbroker đą. #finance #tree #life #rainforest #sustainable #values #urbanbroker
If you go to your last bank statement & can see the debits & credits were much the same, & youâve got nothing to show for it (again) ... how much do you really want the financial goal(s) youâre talking about? Telling yourself youâre changing habits will only be validated if you can show yourself youâre changing them ... Your priorities are right there in your bank statement. @the_urbanbroker #food #gym #massage đ¤ˇââď¸đ . How about you? Tune: John Butler Trio, Pickapart. #finance #broker #priorities #habits #savings #goals #urbanbroker
When you leave no stone unturned, you can sit with failure & learn much faster for next time. Sitting with regret ? Totally different feeling. Relationships - Work - Sport. Itâs all the same. Give yourself your best version of you. Apply your best self to the task at hand ... it will make a difference. Because everything you do matters, & everything you donât do matters. Tune: Freddie King, âGoing downâ. #life #effort #resilience #grit #roadtrip #blues #music #urbanbroker