Buying a second property? Consider all options first
Buying a second property requires hard work with a disciplined and strategic approach. If done correctly, a second property as an investment can set you on the path to building greater wealth for your future.
Just because you have purchased one property doesn’t make the second one any easier and below you will find some areas …Read More
How important is a property valuation?
What is a property valuation?
A property valuation is the process of acquiring information involving the construction and physical characteristics of the property, the size and any issues that may be involved. Data collated from comparative sales within the area also considered when determining the value of the property.
This is completed to determine the value of …Read More
How do Comparison Rates really work?
Comparing apples with oranges doesn’t make sense. To make finding the right loan easier, and to make advertised rates as transparent as possible, we have comparison rates.
You’re looking for the best mortgage deal and you see something advertised at ‘3.8%’. Underneath that seemingly too-good-to-be-true rate it reads ‘4.9% comparison rate’. What does this mean?
In 2003, …Read More
Guaranteeing Your Child’s Loan
Rising house prices are making it increasingly difficult for the next generation to enter the market. An increasingly common way for parents to assist their children to enter the market is via a guarantor loan. Although there are significant benefits of this loan structure, it is important to understand how this can impact the parents’ …Read More
Offset Accounts: Should you have one?
A common request from borrowers is that they ‘need’ an offset account. When asked to explain why, its amazing how many people say “my friend has one and they love it, so I thought I should have one too”. They suit most borrowers, but to know if one will suit you, lets first understand exactly …Read More
What is the real cost of your daily coffee?
Having the financial commitment of a mortgage really makes you think about the value of your money. It forces you to watch your dollars a lot closer and brings into question the opportunity cost of doing one thing over another. It is surprising to see the impact that small financial habits, like your morning coffee, …Read More
What is Pre-Approval?
For those getting ready to stride into the world of home ownership, the uncertainties of pre-approval can cast a shadow of doubt over an otherwise exciting time. When is it necessary? How long does it last? And what does it involve, exactly?
Pre-approval is a lender’s assessment of your likelihood of being approved for an suitable …Read More
Chicken or the Egg? Property or the Finance?
It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan.
Looking for a property to purchase is an exciting time. Choices regarding location, size, number of …Read More
Seven Keys To Winning At Auction
The majority of Melbourne property is sold at auction. To be successful you will need to be armed with as much information as possible. The below sets out my 7 key steps that will put you in a strong position come auction day.
1. Bring In The Professionals
Property is most likely your biggest financial commitment you …Read More
Why should you use a Mortgage Broker?
Purchasing a property will be one of your biggest financial decisions. Engage a Broker to ensure you get it right the first time.
With more than a thousand different home loans on the market, this overwhelming choice has led a strong increase in the popularity of using a Mortgage Broker. Within Australia, around 53% of residential …Read More
