OK let’s face it, we are in an absolute boom time with our property markets across Australia. It’s very rare that ALL markets are going up at same time as usually each operates at their own speed. But it is happening so we need to face the reality that trying to…
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Some of you know I’m a numbers guy – I like to crunch the numbers to see how will a proposed strategy will actual benefit/save for our clients. At the end of the day, financial benefit is a tangible & important measurement especially now that brokers are bound by Best Interest…
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The amount you can borrow and the amount you should borrow are sometimes two very different things. Before you apply for a home loan, it makes sense to realistically assess your financial situation. Here’s how to do it. Understand your borrowing capacityGenerally speaking, your borrowing capacity – what you can borrow…
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Looking to enter the property market and worried about how you’re going to secure your first home loan? It’s time to start making your money work for you so you can land that loan. Qualifying for a home loan isn’t always an easy path. Aggressive interest rates, competition in the market…
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Breaking up is a difficult thing to do. On top of the emotional impact, there are practical ramifications as well on finances. And as an unintended consequences of COVID-19 where couples are getting locked up together longer than ever, there are a lot more break ups than ever before. When there’s…
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Late payments and loan defaults leave marks on a credit history that can complicate any effort to refinance or secure a loan in the future. Default can also lead to a home being repossessed and sold by the lender, so it’s very important to be aware how to avoid it. While…
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Self-employed borrowers come up against the challenge of not being able to simply present payslips and tax returns to back up their loan applications. But this need not stop you buying your dream home. Many lenders offer loans for self-employed borrowers who can’t hand over payslips and employment records. This means…
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In the post COVID era no one is in a rush to go back to office which means we’ll all be working from home a bit longer. Been thinking about transforming your home from ‘banal’ to ‘brilliant’, but lack the funds to support your makeover? Never fear, we’ve rounded up five…
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2020 has seen a serious slowdown in city property markets, but some rural real estate agents say they’re busier than ever. So, is this simply a result of the pandemic? Or a trend that’s set to keep growing after COVID-19 is gone? The fact is, most of us have spent a…
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The RBA’s September announcement that the interest rate remains unchanged comes as no surprise. After all, RBA Governor Philip Lowe told parliament last month that he expects the current record low 0.25% interest rate to stay in place for three years. Low rates have long-term implications, but in the meantime, let’s…
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