Before purchasing a home, it’s important to understand the difference between going directly to a bank and using a mortgage broker. Check out the key differences below: PRODUCT RANGE: Mortgage Brokers have access to 20-30 lenders with over 1000 – 2000 products....
When was the last time you looked closely at your loan, the progress you are making on paying it off, and how it compares to others in the market? Analysing your mortgage could mean savings for you, as well as the opportunity to pay it off more quickly, invest in...
Turning your home into an income earner for the family has become increasingly popular as interest rates remain relatively low. Here are five strategies to make the most of the equity you’ve built in your home. Deposit for an Investment Property...
It’s everybody’s favourite time of year again! Yes, the end of the financial year is rapidly approaching, and there are just 5 weeks left to shrink your taxable income and whip your tax savings potential into shape. The clock is ticking, so what are...
Can I renovate a residential property I own through an SMSF? If you’re thinking of giving your home a total makeover using your SMSF, think again. Unfortunately, while you and your fellow trustees have some control over your fund, it doesn’t mean you can spend...
Can your profession save you on your home loan? When it comes to saving on your mortgage, some of you may not have to look further than your job. If yours is a profession that classifies you as a ‘low risk’ borrower in the eyes of lenders, then you may be...
How do I know I’m getting a good deal from my lender? With so many products offered by various lenders, it can be quite perplexing trying to figure out whether or not you’ve scored yourself a good deal on your home loan. While doing your research and comparing what’s...
What to consider before renovating. The decision to renovate is a common sticking point for homeowners, who can spend hours weighing up the cost benefits. Whether your motivation is to add value to your property or to add a touch of your personality to the home,...
What comes first: the property or the loan? It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan....
Explainer: how redraw and offset accounts can save you money Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Redraw...
