Why (an experienced) finance broker is now more important than ever
There have been more changes in the finance industry in the last 18 months than I have seen in the last 19 years. The government has forced the banks to make drastic changes to the process of obtaining a loan. What was once a simple process where brokers and clients had a good understanding of […]
Interest only loans
Interest Only loans have been a very popular mortgage strategy for property investors for some time now and until last year it was common to have your investment loan as an Interest Only loan. What changed? APRA imposed limits on banks to reduce their Interest Only
Purchasing property series – pre purchase checks – pest and building inspections.
Over the past few weeks we’ve been discussing tips about contracts and property reports and if you thought contracts were exciting, pest and building inspection reports will knock your socks off! Let’s define what a pest and building inspection report really is. It’s usually carried out by a professional on free standing homes, who basically […]
How long do you spend on finding the right property?
We have all heard the stories about how people were just walking past a property where an auction was happening and then all of sudden they are the highest bidder. Some of us are not so lucky though, especially with the limited properties currently on the market. Since I have been in this industry, I […]
EOFY, what happens next?
So, you just received your Payment Summary from your employer and you’re thinking, what happens now? The payment summary is a document that summarises the income you have received from your employer, how much tax your employer has paid on your behalf and any other relevant payments that have been paid to you throughout the […]
Let’s talk about school fees
My wife and I have recently been school shopping for our son and we’ve been fortunate enough to consider a public and private school in our area. One thing we’ve noticed though is that we’re not prepared enough for the costs involved outside the public school system. No matter how we budget for private school […]
How long until I pay off my home loan?
How can we achieve the great aussie dream sooner, pay off our home loan before the 30 year term ends and save on interest? If I had a dollar for every time I get asked this question… Here are some key things you can START doing NOW TO HELP pay OFF your loan sooner. Make […]
Joint tenants or tenants in common?
So you have just signed contracts to purchase a property with somebody else, this person could be anybody, your partner, friend, sibling, neighbour, parent of Joe from the down the street. The solicitor then asks you how would
Offset accounts, how do they work?
When we get a loan to buy a home, we usually have every intention to pay it off as fast as possible. There are many strategies to this. However, the reality of it is that you need to pay more money onto the loan. The more you pay onto your loan the faster you pay it off.
Purchasing property series – pre purchase checks – neighbourhood checks
By now we know you really like the property, you’ve done all your pre-purchase checks and everything’s looking good. This last post for the series talks about neighbourhood checks you can do to ensure the neighbourhood’s right for you. There’s nothing more painful than purchasing a property only to find out there’s traffic noise from a […]
