Posts filtered by: Home Loan
2020 Year of Surprises

2020 Year of Surprises

Tuesday 01 December 20

Ok, this might be a bit of a rose-tinted summary, but if you set aside the bushfires, a pandemic, economic recession and a world-wide toilet paper shortage…Well, there’s also the fact that house prices have not plummeted in our region like we were expecting. The market is

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Guarantor Loans

Guarantor Loans

Thursday 30 July 20

Guarantor Loans How much can I borrow?Guarantor home loans are now the only way to borrow between 100% and 110% of the purchase price of a property.How much you can borrow using a guarantor loan may depend on what type of borrower you are: First home

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For First Home Buyers and Guarantors

For First Home Buyers and Guarantors

Wednesday 29 July 20

This last couple of weeks I’ve been helping a lot of first home buyers and those considering a Family Guarantee. I thought it might be of help to some of you or perhaps those with older children looking to purchase their first home. Here’s some

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First Home Loan Deposit Scheme

First Home Loan Deposit Scheme

Tuesday 28 January 20

The high cost of LMI (Lenders Mortgage Insurance) is one of the biggest hindrances that most first home buyers face when they want to make their first real estate purchase. In response to this issue, the Australian Government has introduced the First Home Loan Deposit

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Mortgage Offset Savings Account

Mortgage Offset Savings Account

Thursday 10 October 19

You have probably heard of offset accounts. What are they, and are they worthwhile, especially if you have to pay extra to get one? In the video below, James Massey explains what a mortgage offset savings account is, and how it can save money in

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Home Loan Savings

Home Loan Savings

Tuesday 18 June 19

Do you know that your home loan can help you save money? It can do that in a variety of ways. Let me explain.It does cost money to have a loan. It’s the price for the use of someone else’s money. But that’s well worthwhile when it makes

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First Home Buyers Grants and Concessions

First Home Buyers Grants and Concessions

Friday 31 May 19

As you prepare to purchase your first home, the goal can seem a bit daunting.  My Dad paid $10,000 as a house and land package for the home I grew up in.  My wife and I paid just over $30,000 for our first home.  OK,

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Using a personal loan for a home deposit

Using a personal loan for a home deposit

Thursday 30 May 19

What do you do if you have plenty of income to cover the loan payments for purchasing your first home, but you don’t have the deposit?  Would it make sense to get a personal loan, and use cash from that for the deposit?Let’s begin with

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Double trouble for credit cards

Double trouble for credit cards

Wednesday 29 May 19

Have you had struggles getting your credit card paid on time? Sorry to tell you, but it’s about to get worse!In the past, banks have encouraged their credit card customers to pay on time by charging them large penalties for late payment. However, the government

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A family guarantee for a home purchase

A family guarantee for a home purchase

Saturday 25 May 19

You have probably heard about someone being a “guarantor” for another person’s loan.  They are making a guarantee somewhat similar to how a manufacturer will guarantee their products.  It doesn’t mean that their products will never fail, it just means that if they do, the

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Grace Loans and Bethany Massey are Authorised Credit Representatives of BLSSA Pty Ltd, Australian Credit Licence number 391237. Authorised Credit Representative nos. GFS: 523940, Bethany: 513202. Content of site may not be fully up to date as lenders are constantly changing their loans and policies. Any advice provided on this website is of a general nature not taking into account your personal objectives and situation. Such matters are important to consider prior to taking any action. Please make an appointment to discuss your specific situation so that appropriate advice may be given with regard to suitable products using current information.