Many people think that their home is their most important asset, but whilst it may be their biggest asset, we believe that for most Australians they should consider their superannuation to be their most important.
Some people shy away from superannuation because they either don’t understand it or because they fear that the government will change the rules after they lock their money away. Because they cannot access the money until they retire or reach a certain age they either invest outside of superannuation which costs them significant amounts of unnecessary tax or worse still they don’t invest at all.
With the right team of advisers, nobody should be wary of investing in superannuation.
With Kevin Lai leading our superannuation team as an SMSF Specialist recognised by the Institute of Chartered Accountants in Australia, Winn Croucher Partners will help you determine which type of superannuation fund is right for you. Where appropriate for our clients’ circumstances we assist them to establish self managed super funds (SMSF’s.). We audit and provide accounting, taxation and compliance advice to many self managed superannuation funds with a variety of investment strategies.
We are happy to assist other accounting firms who do not provide auditing services to audit their superannuation funds in their offices.
Refinancing your home loan
We can review your current home loan to ensure you still have the right product for your needs. Don’t assume that just because your loan was once competitive, it still is. Interest rates change and different types of loans are always entering the market. We will:
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Assess your current interest rate;
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Assess your repayment level; and
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Assess your financial situation to determine whether a better deal can be sourced saving your money and helping you pay off your loan faster
We have access to a panel of approved lenders who can offer competitive quotes and products to meet your specific financial needs.
Tips to pay off your home loan faster
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Select a home loan that meets your needs. While the rate is important, it is more important to have an appropriate level of flexibility and function
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Pay off as much as you can, as often as you can
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Avoid loans that penalise you for making extra repayments
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Avoid ‘honeymoon’ loans that revert to a higher rate after the ‘honeymoon’ period is over
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Avoid loans with high exit costs
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Deal with reputable organisations
Fixed or variable interest?
This really depends on your current financial situation. We can help you select the right type of loan, building in the cost of every-day living to determine how much you can afford to repay each month.
There are advantages and disadvantages of choosing fixed and variable interest loans, and they are assessed on a per client basis.
We can help you select either a:
Hidden home loan costs
There are many costs associated with taking out a home loan, which don’t relate to the price of the property.
These hidden costs include:
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Lenders' fees, including loan application and establishment fees
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Government charges and title fees;
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Inspection costs
Contact your accountant at Winn Croucher Partners on (02) 9959 4855 to discuss how we can help you to obtain a new loan or to refinance an existing loan.
