Category Archives for "Uncategorized"

real estate investment metrics
Jan 30

8 Real Estate Investment Metrics You Need To Know About

By Shane | Uncategorized

Investing in something that creates passive income is becoming a common practice in Australia. But, like all other investments, being objective about the property or home renovation project you want to take on will help increase your chances of success.

With this in mind, let’s take a look at 8 key performance indicators you’ll want to look out for before you invest in a new house or home extension.Continue reading

Employment Confirmation Letter
Dec 14

Home Loan Employment Confirmation Letter

By Shane | Uncategorized

Since the Royal Commission kicked off in April banks & lenders have really cracked down on documentation requirements for all home loan applications. This means that you may be asked to provide a Letter Of Employment for a mortgage application.

In this blog, I will walk you through all you need to know about home loan employment confirmation letters and I’ll even give you a template.Continue reading

Interest rate decision
Dec 04

December 2018 Interest Rate Decision

By Shane | Uncategorized

On Tuesday 4th December 2018 the RBA decided to leave the official interest rate at 1.5%. This means that the official interest rate will be stable for at least two months since the RBA does not meet in January. Their next meeting will be in February 2019.

Even though the RBA has kept rates on hold, it sometimes does not stop lenders from increasing their rates out-of-cycle. It will be interesting to see how the first few months of 2019 play out.

The RBA state that they see economic conditions improving and that the next interest rate movement is likely to be up.

You can read more about the decision here.

home loan requirements for self employed
Dec 02

Home Loan Requirements For Self Employed

By Shane | Uncategorized

When it comes time to apply for a home loan there is going to be a requirement to provide the lender supporting documentation along with the application. If you’re self-employed, then the requirements may be slightly different. To make sure that you are prepared, let’s take a look at the home loan requirements for self-employed people.

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What you need to know about your interest only investment loan
Nov 08

What You Need To Know About Your Interest Only Investment Loan

By Shane | Uncategorized

Property investors often choose to set the repayments for their investment loans to ‘interest only’ repayments. An interest only repayment means you pay only the interest due each month, but you aren’t paying down the loan balance.

By comparison, a principal and interest repayment is made up of a portion that covers the interest due and a portion that pays down the loan balance a bit with each payment made.
Continue reading

Why Refinance
Oct 07

Why Refinance

By Shane | Uncategorized

There’s a little thing that I call ‘complacency tax‘ – it’s where you are paying more than you should be, purely because you have stuck with the status quo. It can be applied across all areas of personal finance – bank accounts, superannuation, personal insurances, car/home/contents insurance etc – but the biggest area I see it having a negative impact on peoples budgets is their home loan. Avoiding ‘complacency tax’ is one reason for considering refinancing, but let’s take a closer look at other reasons why refinancing your home loan is something you may consider. Continue reading

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