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Archive | First home buyers

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Getting a deposit together, your options

One of the key criteria to buying a home is to have a deposit & enough money to cover your stamp duty and legal fees, if you already own a property hopefully there’s enough equity to draw upon to cover your new purchase, or, perhaps you’re considering selling to release the equity that way.   […]

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What’s your property really worth?

I’ve written about this recently for Proadviser, and I thought I would add to the conversation over here.     Property valuations are one of the trickiest aspects of my job, in that they can cause the most grief. A poor valuation can ‘kill a deal’ meaning you can’t do what you wanted to do. […]

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57 years to pay off those jeans and dinners out

How your credit card could stop you buying your dream home

OK, scandalous headline – sorry about that, but there’s some truth in it I’m afraid. Credit cards are a brilliant tool if used effectively – I love them, I accumulate points like a madwoman with the aim of one day going somewhere fabulous. Tropical I think.   I use my card for everything possible then pay […]

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Whats the fastest way to pay off your loan?

I just responded this exact question on a forum – and while the answer is simple: 1 Get a good economic interest rate and reasonable fees (if any) 2 put as much money into the loan (or offset account) as soon as you can 3 and leave it there!! It’s also really complex! The poster writes: “I was […]

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Borrowing the max – should you?

I’ve spent a bit of time looking at affordability lately: How the bank works out what you can afford Making the most of your income for self employeds and I even wrote this post for Proadvisor website on the perilous impact of credit cards   But at the end of the day – what the […]

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Borrowing capacity, the complete low down

We call it the three C’s of lending, the tests by which it is determined if you can borrow money, and if so – how much: Character Capacity Collateral   Let’s look at Capacity. Online borrowing calculators will give you a very standard result as to what the bank might look at lending you – nothing […]

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Settlement Day Explained

Everyone wants to know what happens on Settlement day – do I need to be there, what actually happens, when do I get my keys!! Thanks to Cnnnective Aggregation for this great article.   Settlement Day is the most exciting day in your property purchasing journey. For less experienced property buyers, the day the vendor hands over […]

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What you pay along the way when you’re building

Building a new home – what you pay along the way….   Building is an exciting process! It’s easy to  get lost in worrying about the process but don’t worry – let’s see what we can do to make this a little easier…   Here are some of the things to allow for:   When […]

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