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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 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 […]
Sometimes its just easy working with someone who knows your local area – a big sigh of relief! What a funny location Penrith is, such a diverse area with so many different people and properties! Its such a very big region and if you’re house hunting you already know that the prices are very different […]
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 […]
Saving your first deposit The path to home ownership starts with saving for your first home deposit. For many, it requires a new attitude to financial responsibility and learning some new financial techniques to make your savings grow. Here’s some tips for making that lump sum grow quicker. Work out a budget Managing your money […]
Is investing in property affordable? Yes! The answer for most people is a resounding YES! More than that, can you afford NOT to do it? Now remember, this is for your education only, it’s not advice – I don’t have a clue about your personal circumstances, but I am happy to take a look at […]
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 […]
