Its been just over 1 month since the Royal Commission into Misconduct in the Banking and Financial Services Industry’s report was handed to the Government, and what a wild ride it has been since then for every Mortgage Broker in Australia. The most shocking aspect, was that not a single case of Mortgage Broker [...]
Seller expectations are high but buyers want low prices – what’s to be done? Two real estate agents detail how to negotiate in a declining market. After years of rapidly rising house prices, the recent slowdown took many people by surprise – not least those with a home to sell. “For a while we [...]
So, you’re thinking of buying your first residential investment property? There are a few things to consider before making the move. Here are our top 10 tips for avoiding potential difficulties and ensuring success. 1. Know your goal Understanding your financial objectives is key to finding the right investment property. The actual property itself [...]
The current Royal Commission into the finance industry has certainly shed some light on the banking system at large. From a lending perspective, it now makes more sense than ever to use a good Mortgage Broker, and not deal directly with the lender. For many years now, I have been heralding the fact that Banks [...]
The real estate market can be tough for young adults, but as a parent you may be able to lend a helping hand. We tell you how. 1.Parent-to-child loan A parent-to-child loan is when a parent lends their child money. This is a formal, legally binding arrangement, administered by an independent third party. At the [...]
The amount you can borrow and the amount you should borrow are sometimes two very different things. Before you apply for a home loan, it makes sense to realistically assess your financial situation. Here’s how to do it. Understand your borrowing capacity Generally speaking, your borrowing capacity – what you can borrow – depends on [...]
It’s all too easy to rack up debt – credit cards, HECS, car loans – and may seem all too hard to pay it off. Debt can also have a big impact on how much money you can borrow for a home loan, so reducing your debt is essential when you set out to buy [...]
A new baby completely changes your life. Are you also prepared for how a new baby might affect your chances of buying a home? Here are some things to consider before you submit your application. When a lender assesses your home loan application, they look at your income, assets, debts and expenses before deciding whether [...]
Renovating is one of the best ways for property owners to increase the value of their homes. If you’re looking to add value to your home, but don’t want to renovate every room, it can be difficult to decide where to start. Here are some ideas to help you decide which part of your property [...]
Breaking up is hard to do. On top of the emotional impact, there are practical ramifications as well. When there’s a separation or divorce, debts you’ve accrued during the relationship unfortunately don’t go away. The longer a couple is together, the harder it can be to unravel all the financial connections. Here we outline some [...]
