News from Equatorial Finance Solutions
Sometimes it is not until death do us part, and going through a separation is never easy. So when buying property with a partner, making sure you get the right advice beforehand can help alleviate the emotional stress of negotiations down the track if anything unforeseen were to happen.
Director Weng Wong has years of experience seeing such unfortunate circumstances. And that gives Equatorial Finance Solutions the knowledge to help you achieve a positive outcome in what can sometimes be tense negotiations.
Let me hold your hand (post COVID-19!) and guide you.
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#property #purchase #loan
#separation #divorce #finance #help
#negotiation #knowledge #guide
#untildeathdouspart
#thewongadvice #holdinghands
#post #coronavirus #covıd19
What a week! Constant emails and calls to clients, checking in to see how they are in these unprecedented crazy times with some emotional chats for sure.
But ending the week on a good note, congratulations to my client Rachel on the purchase settlement of her first home!
Exciting times ahead for this young doctor as she moves into her own bachelorette pad!
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#Congratulations #medico #doctor
#client #bachelorette #home
#new #settlement #purchase
#finance #loan
#property #portfolio #growth
#thewongadvice
#coronavirus #COVID19 #crazytimes #Lockdown
Following on from the announcement that many of Australia’s lenders will enable impacted customers to defer their loan repayments for three to six months in response to the economic fallout from the coronavirus outbreak, the Australian Prudential Regulation Authority (APRA) has confirmed its regulatory approach to the COVID-19 support packages being offered by lenders to their borrowers.
In an update on Monday the 23rd of March 2020, APRA outlined: “Many banks have recently announced COVID-19 support packages that provide affected borrowers with an option to defer their repayments for a period of up to six months. These packages have mainly been offered to small business and home loan customers. Where a borrower who has been meeting their repayment obligations until recently chooses to take up the offer not to make repayments as part of a COVID-19 support package, the bank need not treat the period of the repayment holiday as a period of arrears.”
“Similarly, loans that have been granted a repayment deferral as part of a COVID-19 support package need not be regarded as restructured” the regulator said. It added that it will be writing to all authorised deposit-taking institutions (ADIs) to advise them of the specific reporting treatment for loans subject to these support arrangements. APRA will also require banks to report the nature and terms of any repayment deferrals and the volume of loans to which they are applied, adding that this information will also be publicly disclosed.
So the good news is that your credit score will not be impacted if you were to take up your bank’s COVID-19 support package for hardship.
Please contact Equatorial Finance Solutions if you have any questions first.
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#apra #covid19 #coronavirus
#bank #lender #support #package
#credit #score #hardship
#thewongadvice
As you may have heard, the Australian Federal Government has announced the Coronavirus SME Guarantee Scheme which will provide support for small businesses.
Under the Scheme, the Government will provide a guarantee of 50% to small and medium enterprise (SME) lenders for new unsecured loans to be used for working capital.
This will enhance these lenders’ willingness and ability to provide credit, which will result in SMEs being able to access additional funding to help support them through the upcoming months.
SMEs with a turnover of up to $50 million will be eligible to receive these loans.
Lenders are now racing to figure out how to best implement these offerings. Equatorial Finance Solutions will be here for those of you who need any financial assistance.
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#australia #federal #government
#coronavirus #sme #guarantee #scheme
#small #medium #business #lending
#financial #support #assistance
#thewongadvice
When you get asked to send in an audition tape of yourself...🕺🏻
Weekend break from finance!
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#selftape #audition #casting #Call
#weekend #break #asian #malemodel #influencer #bmw #tagheuer
#thewongadvice #finance @ Adelaide, South Australia
Understandably these are unprecedented times, stock markets plummeting, interest rates being slashed, economic uncertainty, job security...
If you are concerned about your financial situation, about your financial future, your family’s future, please give Director Weng Wong a call on 0403 292 614 to have a chat.
Equatorial Finance Solutions is here to help you through these trying times.
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#covid_19 #coronavirus
#interestrates #finance #security
#future #market #economy
#thewongadvice
Congratulations to my clients on the purchase settlement of their first new home together!
Exciting times ahead for this beautiful young family as they move into their own house! Plenty of room for their little boy to run around in during this lockdown!
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#Congratulations #clients #settlement
#couplegoals #first #home #buyer
#new #purchase #finance #loan
#property #portfolio #growth
#thewongadvice #coronavirus #Lockdown
Maybe instead of a bottle of wine 🍷 I might give a pack of toilet paper 🧻 when clients settle their loan?
After all, you do need toilet paper in your new home! 🤣🤣🤣
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#new #home #loan #settlement
#toiletpaper #coronavirus #crisis
#supermarket #panic
#thewongadvice