A question that’s coming up a lot lately – if you are a first home buyer and you have a personal loan (or another debt) should you pay that off first or save for a deposit first? Lets look at this: Conventional wisdom says avoid paying interest and get rid of that loan first […]
Tag Archives | sydney mortgage broker
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 […]
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 […]
How much value does a pool add?
I’m hearing questions about pools – must be that time of year! There’s debate about whether a pool adds value or not, the answer is generally a pool does add value – but – it may not add the full value that it costs you to put in – so a house with a pool […]
Fast refinance – save money, FAST!
Once you’ve worked out you need to refinance your loan you want it done quickly! There’s nothing worse than the usual 4- 6 week time frame, and particularly if you want the money for something special – like buying a car or going on a holiday. Luckily sometimes there’s a shortcut way – FastRefi. […]
How much (or little) your bank will lend you
I have a file on my desk right now, and it’s a pretty typical file – straight up and down mum and dad with a couple of kids. She’s on maternity leave so they have a little bit of help in family tax benefit. He’s putting in some long hours to keep the family […]
How to: Buy a home when you are self employed | Australian mortgage brokers
How To Buy A Home When You’re Self-Employed Self-employed borrowers come up against the challenge of not being able to simply present payslips to back up their loan applications. But this need not stop you buying your dream home. Australia’s leading Mortgage brokers Sydney show you how. Most lenders will ask for your last two […]
How to buy property in your Self Managed Super Fund (SMSF)
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 […]
Conveyancing explained
If you are going through the property buying process for the first time, you may think that conveyancing is just another formality and expense that complicates the purchasing process. In fact, a good Conveyancer simplifies the process for you, explains the (sometimes complicated) legal requirements of buying a property and most importantly, protects your legal […]
Valuers are not the same!
I could write a whole series on how you have almost no chance of getting the right loan by walking in the door of your local bank… in fact I think I will file this as part of a series – and this one would come under: “How you have almost no chance of getting […]