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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. […]
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. […]
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 […]
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 […]
For many Aussies our superannuation is either set and forget (and believe me, forget is the right word, so many people I meet have multiple funds sitting forgotten and being eaten by fees) or we’re a little complacent because we don’t understand our investing options. Or retirement seems so far away we don’t give it […]
I’ve been asked to give some expert tips on how mums can start again buying property after a divorce or a separation or other major event, when they’re starting out alone and want to keep the property they are in or buy something to stat your new life in. What a whirlwind time it is […]
