Grow Your Deposit Faster With “Bonus Savings”
Bonus Savings is not what Woolworths offers on promotion! Bonus Savings help us achieve our required deposit faster than originally planned. So, what do we consider Bonus Savings? Often, we don’t realise events in our lives where we come across extra money that could be considered unplanned. In essence, any form of additional money that you receive which was not included in your original savings calculations can be considered abnormal and therefore potential for Bonus Savings. Don’t be surprised to consider that during a period of 2 to 5 years associated with saving for a deposit, we inadvertently come across money which is either unplanned or unforeseen.
Bonus Savings can look different to every individual depending on their job, salary structure, overtime, family arrangements etc. For example, a bonus received has the potential to be Bonus Savings if it has not already been included in your saving calculation. Below are some opportunities that you may encounter that fall under the label of Bonus Savings.
Rental Payment Savings – A saving in rental payments due to moving back with parents, or family, or a reduction in rental paid;
Employment Bonus Payment – One off payment received from the employer which is in addition to your normal earnings;
Pay Increase – Any increase to your original pay at the time of calculating your savings potential. An increase in pay can also be added to the amount of savings each month and deposited to your Invisible Account.
Gift from Parents or Immediate Family – Any money received as a gift from an immediate family member;
Money you Obtain from Selling an Asset Like a Car – If you sell a car, a caravan, trailer or virtually any other asset, the amount received from this can be added to your Invisible Account;
Any Form of Money Won – Irrespective of how money is won, such money is in addition to normal earnings;
Additional Casual Work – any form of additional work or consultancy undertaken outside of the normal 9 to 5 job;
Rental Income Received from Renting a Room In Your House – creates additional income or “Bonus Savings”
Receipt of Tax Refund – Either a tax refund or any form of special Government one-off subsidy
These are just some examples to illustrate that you must always be on guard and prepared, to identify opportunities for Bonus Savings, as they provide tremendous opportunity to fast-track your deposit.
TIP The sooner you can identify an opportunity for a Bonus Saving, the quicker you should redirect those savings to the Invisible Account before they are absorbed in your cost of living or spent.
Why Choose Brisbane Home Loans
You're In Good Hands
Brisbane Home Loans is all about good old fashioned personal service without exception.
We Find The Right Deal For You
We take the time to listen to your needs and then search the market for the best products that satisfies your needs at the lowest possible cost to you.
We continue to work for you after the deal is finished, ensuring that we asess any new offers that become available which may improve your current deal.
One Stop Lending
We give our clients access to Personal Loans, Home Loans, Investment Loans and Commercial Loans. You always only deal with on person for all your lending services.
How We Work With Our Clients
We can meet clients in our office, in their home, their office or the local coffee shop. Our initial interview will helps us understand the clients needs in the short, medium and long term so that we can find the best possible lender for your loan.
The world of financing continues to be more and more complicated. Our Lenders have experience in finding the right product to meet the specific needs of each of our clients. During this phase, we identify two to three options that may be suitable.
Our Lending Specialists will present to you a number of options available outlining the differences, benefits and downfalls of each option presented. Our preferred option and reasons why, we consider this the best fit for you will be clearly explained.
Our Lending Specialists work with our clients to have all documentsation signed, submitted to the lending institution and processed through to approval.
We pride outselves on client service which is why our Lending Specialists establish a reasonable review timeframe where they touch base with our Clients to ensure everything is working as planned. During this review, the client is made aware of any new financing options in the market.
Brisbane Home Loans is not about one off loans. We truly care about our clients, which is why we stand by their side beyond the completion of the loan.
Being Our First Home It Was Great Having The Knowledge of Daniel & The team at Brisbane Home
We have been working with Daniel and the team at Brisbane Home Loans for the purchase of our first home, being first home buyers it has been great having the knowledge of Daniel & the team at Brisbane Home Loans to support us. We can’t thank them enough for their support and making themselves available to answer all of our questions. I’d highly recommend Brisbane Home Loans.
We Saved More Than 1% On Our Existing Home Loans
We didn’t realize how important it was to review our home load until we engaged with Daniel and Jordan at Brisbane Home Loans. They helped in submitting our application which resulted in a saving of over 1% in interest on our loans, plus a reduction in our on going bank fees. I would recommend this business and thank Daniel and Jordan for making the process so easy.
Sam and Nicky
It was Our First Home and We had No Idea. Thanks to The Team From Brisbane Home Loans
Daniel and the team at Brisbane Home Loans were super helpful and friendly to me as it was my first home loan and I had no idea! They answered all my questions and were very hardworking. Would definitely recommend to a friend.
They Made Buying Our First Home Easy and Fun. Thanks
The team at Brisbane Home loans have been super helpful and extremely professional to assist us with all our first home questions.
will be recommending them to everyone I know looking to buy!
Thanks for Helping me Turn my Dream into a Reality
Service was great, very informative and kept me up to date on all progress and all steps. Follow up after it was all done and dusted was also great. Took the stress out of it which was a great help for my busy life. I would totally recommend Dan and Jordan to anyone.
Thanks for helping me get my dream into a reality.
Car Loan Approved In Less Than 3 Hours – So Wrapped
I could not believe how quickly Jordan was able to organise my car loan. He was so helpfull and I am truly greatfull.