At TMFG we want to ease your COVID- 19 anxieties as best we can…
Along with the rest of Australia, we here at TMFG are closely monitoring the unfolding events of the COVID-19 outbreak with care and readiness. And like most Australians we’re bracing ourselves for unprecedented changes to the way things work. In the meantime, we realise the unknowing affects us all in myriad ways.
So, we’ve got to thinking, what can we do as a company to help our own?
Looking out for our community, showing compassion and working together for a better outcome has been the backbone of TMFG since day one, and it’s at times like these our values really kick in.
“A problem shared is a problem halved”, they say. Which is why we want you to share some of your worries with us through these tough times, so we can ease some of that unknowing.
Now is the perfect time to talk to us about your Mortgage.
We don’t want you to have to worry about the hows and whens of the future of your loans, and, we will do our best to help you find some sort of calm in these uncertain times.
Please, talk to us at TMFG if you’re worried about your ability to meet loan repayments in the next 3-6 months. We are all in the same, very unusual boat, and it’s understandable you’d have concerns and questions right now.
We can help to understand basics like;
· What your minimum monthly repayment is.
· What you have in redraw and how you can access it.
· If you’re paying the minimum amount on your loan or making extra repayments? And,
· Can you reduce this back to the minimum for the short term?
TMFG can answer other pertinent questions for you such as;
· In an emergency, do you have access to funds?
· What are your rights under your mortgage with your lender?
· Can you intiate 'repayment holidays' in times of financial distress?
It might be a great time to talk to us about making proactive moves, such as;
· Reducing repayments.
· Starting a budget.
· Understanding your income, and expenses.
Utilising offset accounts to reduce interest costs and store excess funds.
Open a separate ‘harder to access’ savings account to store any excess funds
Loan Protection Insurance and/or Income Protection.
At TMFG we care about more than just your loan.
We also want to check in with our TMPeople and make certain you have access to other means of security during these days of unrest. Despite finances, there are aspects of life that require much focus at the moment such as;
Ensuring your wellbeing
The introduction of social distancing or self-isolation could mean you or a colleague may be living with a tremendous amount of stress related to this crisis and its impacts.
Along with picking up the phone, video conferencing, texting, messaging and emailing, above all, let’s remember we are ALL part of the community and stay connected to each other. And practice kindness––to yourself and each other when you can.
If you’re struggling to cope, or a colleague, or a client are expressing distress, please know that Lifeline is a vital link to assistance and we are advised will continue to be regardless of possible enforced shutdowns, anytime of the day or night on 13 11 14.
Lifeline Text is also available 6pm-midnight each night, (AEDT) on 0477 13 11 14.
Financial Counselling Australia
Financial counsellors are qualified professionals who provide information, advice and advocacy to people in financial difficulty. Their services are non-judgmental, free, independent and confidential.
Financial counsellors are based in community organisations throughout Australia, from large charities to smaller community centres, as well as local government agencies.
Financial Counselling Australia
Phone: (03) 8554 6979
Email: info@financialcounsellingaustralia.org.au
We hope this has helped you feel a little more at ease, and in the least has made you feel a little more connected during a very strange time.
Everything noted in the above text is effective immediately and we’d like nothing more than for you to get in contact and relieve some of your COVID-19 anxieties.
We look forward to a chat soon.
In good health,
Belinda Gibson, Director, TMFG