In recent times, many borrowers who initially secured home loans at lower interest rates have been facing challenges in meeting the regulatory requirements necessary to refinance their loans at current market rates. This predicament is primarily attributed to the...
Mortgage brokers often hear clients ask whether they really need to obtain a pre-approval before buying a property. My answer is normally a resounding “yes!” Here’s why. First of all, let’s talk about what a preapproval is. Essentially, it is a conditional approval...
Great Question! Most lenders are increasing their home loan interest rates. With the expectation this will continue for the next 18 months to two years, some clients are worried that rising interest rates will cause property values to plummet. Obviously when interest...
Do you ever have a feeling you are not quite where you want to be financially? Do you stop and think about how you could be improving your financial situation? Do you ever have thoughts like… • “Am I paying too much on my bills?” • “Why can’t I seem to save enough?”...
Property has long been considered a popular pathway for Australians to achieve their long term financial goals. It has the potential to generate capital growth (an increase in the value of your asset) as well as rental income. For many first time investors it can be...
With approximately 2.4m Australians now living in apartment blocks (an upward trend over the last 25 years) it is highly unlikely for us to expect that no one will ever purchase a property off the plan again. While many of our clients have also invested in apartments...
Tempted to buy that new lounge, home theatre system or television but don’t have enough money to pay for it right now? Before you sign on the dotted line for in-store interest free finance, think carefully and read the fine print. More importantly, do your research!...
Make sure you seek expert help. Your home loan is usually your largest financial commitment. We understand that changes in interest rates can have a big impact on your monthly repayments and how long it takes you to pay out your loan. Refinancing to another loan might...
Q: Do you have an interest only loan and know when it expires? Q: Should you opt for interest only in the future? Q: With a possible change in government ahead, should you buy now before potential changes to negative gearing and capital gains tax? These are all very...
