Tuesday 11 October 22
There’s been a lot of discussion lately around offset accounts and how they can shorten the length of your home loan and save you money. How does this work? An offset account is a transaction account that is attached to your home loan. You can
Monday 30 November 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
Wednesday 29 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
Wednesday 09 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
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
Tuesday 28 May 19
Tax savings. Music to your ears?*For many it is, and for those there is some good news in yesterday’s Federal Budget, especially those in small business.In recent years, small businesses have been able to get an immediate tax write off on asset purchases of up
Saturday 25 May 19
A home loan or other forms of borrowing is not free money. But it is something that can enable you to purchase something that you otherwise could not afford, at least at this point in time.It may not be wise to purchase certain things with
Saturday 25 May 19
What is it?Lender’s Mortgage Insurance, or LMI, involves a special type of insurance company providing protection to the lender. If the borrower fails to make the repayments and the lender ends up foreclosing on the loan, if the sale proceeds are not enough to cover
Saturday 25 May 19
What is it? It’s the amount of the loan divided by the value of the security property, expressed as a percentage. So, if you were getting a $750,000 loan to purchase a $1,000,000 home, the Loan to Value Ratio, or LVR, would be 75%Why is
Wednesday 01 May 19
A home loan or other forms of borrowing is not free money. But it is something that can enable you to purchase something that you otherwise could not afford, at least at this point in time.It may not be wise to purchase certain things with