By Shane | Uncategorized
Refinancing your home loan can help you achieve important goals. It can be a great way to access home equity to invest in other areas such as investment property, shares, or managed funds. Refinancing can offer you the chance to take advantage of more flexible features if your circumstances have changed, or if you’ve had your home loan for a few years.Continue reading
Have you heard the term “cash flow positive” and weren’t exactly sure what it means? In a nutshell, cash flow positive property is whereby the rental income exceeds the expenses of the property. Let’s say for example that you’re making a thousand dollars a month and your bills were roughly seven hundred dollars, then that means that you would be getting around about three hundred dollars’ cash flow positive from your property every month. Continue reading
By Shane | Uncategorized
So, you’re buying your dream home. First and foremost, that’s a great decision. It’s a smart investment; it’s a long term investment; and at the end of the day, for most people owning is better than renting. So, you’ve made a decision and it now comes down to the pre-approval process.
Pre-approval is a very important and critical step. It’s important to do that and make that the first step, prior to looking at any homes. Pre-approval is a critical step because what pre-approval allows you to do is to determine if you’re able to buy. It’s essentially important to get pre-approved before you begin looking for your dream home. Confused about pre-approvals? There are a few things to understand and get in order. You may follow these three steps to ensure that you get the home loan that’s right for you.Continue reading
By Shane | Uncategorized
On the first Tuesday of every month (except January) the Reserve Bank of Australia meet to make a decision on the cash rate. Depending on the economic conditions, the RBA may increase, decrease or leave the cash rate unchanged. Changes to the cash rate will affect the interest rate that banks and lenders will offer to borrowers.Continue reading
By Shane | Uncategorized
People sometimes use the terms investing in property and buying a home interchangeably. How is investing in property different from buying a home?Continue reading
By Shane | Uncategorized
It’s always important to get a good loan and it’s particularly a big deal for first time home buyers. First time home buyers are often just getting on their feet financially. So, how do you make sure that you’re ready for your first home loan?
There are five questions to help you find out. These are questions that will determine when you should venture into home ownership. If you can’t answer yes to each of these questions, you’re definitely not yet ready for your first home loan.Continue reading
By Shane | Uncategorized
You’re probably wondering if now is a good time to refinance your mortgage. So, how do you really know when it’s time to refinance? According to most experts, it is recommended that you conduct a financial health check at least every three years and that you also review your home loan at least once a year.
But then again, how do you know if it’s time to refinance? Should it be as soon as you’ve sourced a better rate or should it be when your existing mortgage no longer matches your needs? It can really be a difficult question to answer yourself. To help you with that, this article will cover some points for you to think about before deciding on whether it’s time to refinance your mortgage or not.Continue reading
By Shane | Uncategorized
Are you looking to purchase an off-the-plan home? Here’s everything you need to know about Sunset Clauses. Off-the-plan property buyers are often concerned when they see the Sunset Clause included in the Contract of Sale. Usually, Sunset Clauses are included as a means of protecting the interests of both parties when it comes to a sale.Continue reading
By Shane | Uncategorized
In order to save money, mortgage holders are looking to refinance. But most of them don’t take the time to do their homework and therefore, resulting in not being able to save as much as they could have.
Before deciding on a loan, take a look at the do’s and don’ts first if you think you can find a better home loan and if you are considering refinancing.Continue reading
By Shane | Uncategorized
Get into your first home faster with a family guarantor. It can be looked at as a no deposit home loan because you can have a family member to go as your guarantor without them actually providing cash for a deposit. They can use the equity in their family home as a guarantee.
The family guarantee allows parents and immediate family members to use their own home’s equity to provide additional security for a portion of the loan amount. It offers a solution which is particularly useful for first time home buyers. Not only that it reduces the loan to value ratio but also save you a significant amount of money by avoiding the need to pay Lenders Mortgage Insurance (LMI).Continue reading