Scott, Kami and their dog Jet were MJ Financial Chiefs first client.

With an interest rate of 4.89% they approached us looking to see if they could reduce their rate as they heard current rates available were under 4.00%.

After exploring the market and the different bank institutions, we were able to find a bank that reduced their interest rate by over 1% and has an offset account attached to suits their needs.

Scott and Kami are now putting more money towards their mortgage, whilst paying less interest saving them thousands of dollars over the term of the loan.

If you’d like to reduce your interest rate and see what’s available to you contact us and we would be more than happy to help.

We were talking to Evan and Olivia for close to a year before they found the place, they now call home. Their situation had a few complications, we were initially finding a lender that considered common debt reduction but due to a change in circumstance and new jobs we had to find a lender who was more flexible with employment policies.

After considering all of their situation we were able to assess how much they were able to borrow allowing them to search and find their dream home.

It was an absolute pleasure helping Evan and Olivia all the way through the home buying process and we are so happy for them now they live in their ideal location.

Nic Jansen has become another of our valued members of the MJ Financial Chiefs community.

Nic came to us to see if we could review his current Life, TPD and Income Protection insurance policies to make sure they were appropriate for his current needs and he wasn’t paying too much as the current policies were implemented over 2 years ago.

Along with his insurance we were able to review his current superannuation fund. Nic did not have an ongoing relationship with his current adviser; however, he was paying a reoccurring annual fee through his superannuation.

We have restructured Nic’s superannuation to ensure he is on the right path building funds for his retirement and have removed his ongoing fees as there was no need for ongoing management at his age. We have also updated Nic’s Life, TPD and Income Protection levels to reflect his current life stage.

It is important to review your insurance every couple of years due to changes in your circumstances and market offerings.

After helping Nathan last year purchase his first investment property, he has now seen his business Carruthers Brothers Carpentry continue to grow and required an upgrade to his work car.

We have helped Nathan with getting the finance for his new LDV and look forward to continuing to work with him as grows his business and personal finances.

Sole Trader Luke contacted us as he has been running his own plumbing business for a while now and he was finding that constantly hiring an excavator was impacting on his overall profits.

He had put together cash flow projections that showed how a new excavator would help his cash flow and how this would help him secure more business going forward.

We were able to help Luke to secure a loan for the Excavator which he now owns.

Whether it’s a new car, excavator or equipment for your business we can help secure you a commercial loan too.

Another Tooradin family take steps to join the MJ Financial Chiefs clan.

The Wheelers are expecting their 3rd child in the coming months and with the current environment thought it might be a good time to review their existing insurances and ensure their super beneficiaries and details are up to date and appropriate for them.

After looking at their automated insurance through their industry super funds it was quickly discovered that if they had to claim for Life, Total and Permanent Disability or Income Protection the couple would be affected financially due to insufficient cover. We were able to restructure their Life, TPD and Income Protection levels to reflect their current stage in life.

With the current world climate, it is important you have your insurance reviewed and nominated beneficiaries up to date. Be safe and wash your hands.

Tooradin Dalmore Football Clubs new recruit Brady Egan has joined the MJ Financial Chiefs community.

The fast-paced endurance runner has made the sensible decision to look after himself and partner financially in an event he is unable to work due to injury or illness.

We have been able to structure Brady’s insurance so that in the event of a fracture to certain body parts he would be able to receive a lump sum benefit.

Another bonus is that all payments towards his income protection are tax deductible allowing him to claim the premium back at tax time.

Now Brady can go out on the footy field with piece of mind knowing that if he decides to put his head over the footy he is protected financially.

If you think you can benefit from the same protection, please give us a call.

Kate came to us late last year when she felt she was ready to buy her first home. She wanted to know how much she would be able to borrow and what the estimated repayments would be.
We ran through a couple of scenarios with her and what deposit would be required for each scenario. Kate then took a couple of months to find her perfect home.

This worked out really well for Kate as while she was house hunting, the government announced the First Home Loan Deposit Scheme (FHLDS) which allowed us to sign Kate up to the scheme where she would pay no Lenders Mortgage Insurance (LMI).This meant Kate paid no stamp duty or LMI and was able to get an interest rate starting with 2!We are so happy to have been a part of Kate getting into her first home and hope it’s perfect for her for many years to come.

Matt and Megan decided they were due for an upgrade in their living situation and had decided to purchase a new home. They contacted us wanting to know what offer they could make for this house and how much they were able to borrow.

Their situation had a few different parts for us to look at including which lender would be most suited for someone with self-employed income and a university student.

After finding a lender that would maximise their borrowing capacity, we worked out what their final offer could be on the house. It didn’t take long for their offer to be accepted and we proceeded to secure them the finance for the home.

I really enjoyed helping the sister and brother in-law out in getting them finance for their new home. I even got to be their 1 person helping with the move – as you can see, we kept the 1.5m distance too.

Phil and Jen have been big advocates for the Chiefs since day dot. They contacted us with an idea to consolidate debt to increase cashflow in these tough times.

Being in their 60’s they were unsure how they would go about refinancing as some banks require some intense exit strategies. With the current low rates, we were able to refinance their current debt freeing up their cashflow in the lead up to their retirement.

Although we had our challenges with the banks in this present environment, it has been our pleasure to help Phil and Jen and get them in a better cashflow position. Now the secret is out they have purchased a new dishwasher with the increased funds and believe it or not ours has just blown up. It should be noted that this photo was taken before all restrictions.

If you would like to take advantage of the low rates or consolidate some debt get in contact with us and we will be more than happy to help.