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
Refinance To Get A Better Deal
There has never been a better time to review your current debts. Interest rates for new customers are at an all time low as banks fight hard to obtain your business.
On average, my clients refinance their home loan every 3-4 years to make sure they are getting the best loan possible. There are now more alternatives …Read More
5 tips to manage your mortgage
Unless you win lotto, there’s no way of getting out of your mortgage. Here are 5 ways to make paying off your loan easier.
SET A BUDGET
Work out your expenses (fortnightly or monthly) and factor in your mortgage repayments. You might need to cut back on spending in certain areas to make sure your mortgage is …Read More
The importance of getting Pre-Approval
Competition for a property can be fierce. Put yourself ahead of the pack with a pre-approved loan.
Sometimes referred to as an approval-inprinciple, pre-approval is a general indication of how much you’re able to borrow based on the information you provide to your lender.
Although subject to terms and conditions, a pre-approval basically gives you the green …Read More
Home Loan Options
There are so many different home loan structures available, so how do you know which one is right for you?
Making yourself familiar with a few of the popular products available will give you a strong head start when discussing your loan options. Here are just a few of the product types you’re sure to come across.
Basic …Read More
Utilising your Equity
The equity in your home could be the missing ingredient in purchasing your first investment property.
The idea of property investment is one that appeals to many Australians but is sadly often overlooked because of the misconception that it is only within the reach of the wealthy.
The reality is that with the right finance, planning and strategy, …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
