What to look for when refinancing
There are many reasons why you would refinance your home loan. The main reason is that you want to make sure you have the best deal. The best deal could mean having the best structure and best interest rate, but it’s not all about the interest rate. Some lenders may charge a higher interest rate, […]
What doesn’t impact your credit score?
Most lenders will review your credit score as part of the application process. Your credit score plays a big part in the assessment of your credit worthiness, as it’s a report card of how you have managed your debts in the past or how you are managing any outstanding debt you may have. Your credit […]
Money for refinancing. Sounds to good to be true, is it?
Most Lenders are giving customers cash backs to entice customers to refinance their loan with the bank. The cash back is a cash payment from $2000 up to $6000 deposited into your bank account after your loan settles. This meant to cover any costs of refinancing your loan, however you can use this money for […]
How long does it take to refinance, and how can you get it done quicker?
Refinancing your loan from one lender to another can be a lengthy process. There are many steps that need to be taken before settlement can take place. Depending on the lender, it could take up to 6 weeks or even shorter with a digital lender. If the length of time will be a deciding factor, […]
What will you do with your equity?
Many Australians use the equity in their property to fund certain things. This could fund a new business venture, buying a car, purchasing another property or any other worthwhile purpose. Your equity is the gap between the value of your property and any outstanding loans you may have secured against the property. Lenders will only […]
What to look for in an investment property
Here are the main things you should consider when choosing an investment property. The end goal is to make money and just like you wouldn’t purchase a business without doing research, and investment property should be treated the same. Determining your cashflow when deciding on an investment property is critical. It’s all about the numbers. […]
My tenant can’t pay their rent
How should I negotiate with my tenant? If you are a landlord I’m guessing you would have been expecting a call from your agent about your tenant and how COVID-19 has affected their income. This call may or may not happen however it’s best to be prepared. Here are some requests I have seen from […]
Investment properties
The majority of people in Australia build their wealth through property. Most of the time it’s through residential property. This can be from your owner occupied property or an investment property. Wealth is created in the capital gain of the property and the rental income received. The gains from an investment property could be a […]
How you can benefit from negative gearing
Many Australians who invest in property take advantage of the government tax incentives available to them as a property investor. Negative gearing is the most popular one. What is negative gearing? The tax office gives you allows you to claim the expenses associated with owning an investment property as deductions. These deductions are available to […]
Duplexes. Here’s what you need to know.
A duplex can be the solution for a growing family wanting to live together or a lucrative property development project. Some people have considered building a duplex on their current property to provide accomodation for their recently married children. Some people consider a duplex to build two properties, sell one and pay down the loan […]
