With falling house prices in Sydney & Melbourne for the last 12 months, consumers are seeing more challenges than any time before with getting their loans or refinance approved. So what should you be focusing on? As a Mortgage Broker one of the most common questions I get asked is –…
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There are certain things to look out for when selecting and applying for a loan for your investment property. Here we look at the main differences, the most popular loan types, and how to get the best mortgage for your situation.
Our pick of the week this week is 32 Kent St, Kallangur QLD 4503. Bought by our clients almost a year ago for $351,200, this 3 bedroom, 1 bathroom lowset house sitting on 607sqm block presents marvelous potential for the following reasons: 1. Nicely presented and in decent condition – not…
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Ready to buy a property? You’ll need to show the seller you have enough money. For most people, this will mean getting a loan, and the first step to getting one is obtaining pre-approval for it.
I think as an investor a cashflow calculator is an absolute minimum tool to have. At the end of the day investing is all about using money to make money – but before you can make any equity you should understand how much the holding costs are per week, month or…
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When you’re looking for a home loan, you could go to a mortgage broker or to a bank. While a bank will only offer you its own products, a mortgage broker is an industry expert who will take the guesswork out of finding the mortgage or finance product that suits you…
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In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that works best for you.
Refinancing your assets to renovate a property is a significant decision that will hopefully improve your standard of living or add substantial value to your property. Refinancing isn’t as straightforward as you might expect. The type of renovation proposed goes a long way to dictating the loan required. If the…
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Looking for ways to pay off your mortgage in record time? Whether you’re a seasoned investor or buying your first home, an offset loan can help you reduce interest payments, save on tax and pay your mortgage off years ahead of schedule. What is an offset loan? With an offset loan…
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Reducing the life of your loan isn’t difficult; there are many simple things you can do to cut years off your mortgage. Here are some tips that will help you be mortgage-free sooner than planned. Small extra repayments One of the most common ways to pay off your home loan quicker…
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