SYDNEY, AUSTRALIA
0410 291 536
david@lendpower.com.au

Category: Finance Related

Your Trusted Lending Advisor

What should you be asking the Agent during open inspections?

If you are buying a new home or investment, chances are you will be attending a lot of open houses and meeting a lot of real estate agents. Asking them the right questions not only shows you are an intelligent & serious buyer but also allows you to obtain the information you need in order…
Read more

The 4 Interest Rate Quadrants

Are you someone who is always chasing for the “lowest possible rate”? Are you someone who is upset because you’re not getting the sharpest rate ever on market? Well, there are various reasons on why you may not be eligible for that “sharpest rate”. That’s why today I want to share my thoughts on why…
Read more

Cross Collaterisation – what is it and who does it benefit the most?

Do you know what Cross Collaterisation is? If you have multiple properties and all loans are with setup by one single lender then chances are, your loans may be cross collaterized. When you purchase a property, you usually would chip is 20% of deposit and borrow 80% as mortgage which is secured against the property…
Read more

5 considerations before becoming A Rentvestor

Rentvesting – renting a property to live in while owning one or more investment properties – is becoming an increasingly popular way for Australians to get a foot on the property ladder. According to Property Investment Professionals of Australia (PIPA)1, 36% of first homebuyers opted to invest in property and continue to rent instead of…
Read more

Are you getting caught out on the latest Credit Reporting changes?

If you applied for a home loan in the current financial environment , your lender would probably assess your application in the context of both your credit score and your credit history – on top of your income, assets, liabilities and living expenses. Your credit score is a number calculated by a credit-reporting agency, which compares…
Read more

How much are lenders passing on the June, July & October rate cuts? (Updated Oct 2019)

A quick snapshot for everyone to show how much lenders are passing on the June, July and October RBA cash rate drop and when are they going to pass this onto their customers! Also interesting enough – here’s how much each lenders have passed in total, which gives you a good idea on who are…
Read more

The common misconceptions about Finance Pre-approval

One of the common questions I get asked by First Home Buyers seeking my help is “do we need to do a finance pre-approval? Is it worth getting one??” Like a lot of things in life – it depends! We touched on some of the key aspects in our earlier article “What is home loan…
Read more

Family Planning – Applying for a home loan with baby on the way

A new baby completely changes your life. Are you also prepared for how a new baby might affect your chances of buying a home? Here are some things to consider before you submit your application. When a lender assesses your home loan application, they look at your income, assets, debts and expenses before deciding whether…
Read more

3 must knows for property investors to prepare for EOFY

Crunch time has come for property investors with 30th June fast approaching. If you are a property investor, you will know what a hectic time end of financial year (EOFY) can be. However, with a little forward planning, you will be well on your way to a smooth tax lodgement come EOFY. Read on for…
Read more

Should you be getting an Interest Only loan?

New government regulations mean interest-only loans are on the decline. Given the changes, it may be time to reconsider your own loan repayment structure. Rewind a few years and many people would have confidently assured you that an interest-only loan – a home loan on which you only have to make interest payments for a…
Read more