Stamp duty is a charge which is applied by state governments in Australia on transactions relating to the transfer of land or property. It is paid upfront and needs to be budgeted for in addition to your loan deposit. The amount of stamp duty you are required to pay...
Explainer: Home loan pre-approval For those getting ready to stride into the world of home ownership, the uncertainties of pre-approval can cast a shadow of doubt over an otherwise exciting time. When is it necessary? How long does it last? And what does it involve,...
Despite owning a growing business and supplementing his income with a pension from the ADF, former soldier Jake Briggs was told by his bank that he could not secure finance to purchase a home. So he found a broker who knew better. With his service in the army behind...
How to pay off your home loan faster and save big bucks Reducing the life of your loan isn’t difficult; there are many simple things you can do to cut years off your mortgage. Here are some tips that will help you be mortgage-free sooner than planned. One of the most...
While you may not need a six-figure salary to invest in property, those who earn a relatively low income will require a little more creative thinking to start a portfolio. Here are some tips to help you get started. FIND AN INVESTOR-FRIENDLY LOAN The challenge for...
Paying off a mortgage can seem relentless – every payment counts of course, but it can seem to be taking forever to make a dent. Here are some simple ways you can increase the amount you pay off and own your home sooner. Reducing the principle on your mortgage as...
Are you wondering how to buy a home when you’re self-employed? This article explains it all! Self-employed borrowers come up against the challenge of not being able to simply present payslips and tax returns to back up their loan applications. But this need not stop...
Any renovation project, large or small, can be all-consuming in terms of your energy and money. Here are six loan types that can help you with the latter. Considering transforming your home from ‘blah’ to ‘brilliant’, but lacking the funds to support your major...
Our very own Anish Prasad is featured in the latest issue of the Australian Broker. A very interesting read for struggling first time buyers. Click on the image to read the article.
Many Australian’s take out home loans in order to complete their property dreams and while making the decision to be a homeowner rather than a tenant is a big jump itself, the decision of whether to go for a fixed or variable home loan is another issue entirely. As...
