Going Forward
It’s relatively easy to organise a pre-approval for a home and once your broker finds the right lender
FAMILY PLEDGE
Lenders realise these days that young couples can find it hard to save substantial cash deposits when they are renting at the same time so a family pledge also known as a security guarantee, is a great way to get into a home with little or no cash deposit. Simply put, parents can offer a […]
What is LVR?
LVR stands for Loan to Value Ratio. In real terms it is the way the lenders work out the risk you pose to them as a borrower. Loan: This is the amount you wish to borrow. Value: This is the value of the property you wish to buy or refinance. The loan to value ratio […]
LMI… FRIEND OR FOE?
LMI stands for Lender’s Mortgage Insurance and is an insurance which is paid by the purchaser to insure the lender because a loan amount over 80% of the value of the house is deemed to be a higher risk. Opinions on whether buyers should pay LMI are divided but it’s always worth going through the […]
Bad Credit? We can Help.
There are many reasons why customers fall behind with finances. Changing employment, illness and marriage separations can all result in good customers with adverse credit problems. There are temporary refinancing and consolidation options that can help you stay in your home even with home loan, personal loan and credit card, tax debts and other areas of […]
FIRST HOME OWNERS
FIRST HOME OWNERS First Home owners who want to purchase a home and land package can buy up to $750,000 with full exemptions on stamp duty and a $10,000 First Home Owners Grant. First home owners who purchase ‘off the plan’ homes or units / that are newly constructed will be able to take advantage […]
REFINANCE AND SAVE THOUSANDS
WE SAVED HER THOUSANDS I’ve just saved one of my customers $1200 per month in financial outgoings and she is over the moon! Loan consolidations are a good way to reduce outgoing financial commitments and breathe a little easier until you can recover, especially when you have been facing personal or relationship hardships. They are […]
NEW INVESTMENT – NO CASH
You can buy a new investment with no cash by using your current home as security along with the new property. This approach, called cross-securitisation, lets you combine the value of both properties, lowering your loan-to-value ratio (LVR) and reducing risk. For example: You can split the loan into two parts: Since both properties are […]
First Home Buyers… No Stamp Duty Plus $10k First Home Owners Grant
If there was ever a time to get into the housing market for first home buyers, it is now. First home owners who purchase units ‘off the plan’ or units / that are newly constructed will be able to take advantage of a stamp duty exemption PLUS a first home owners grant of $10,000 up […]
Refinance Investments @ 3.59%
Regulatory pressures in the residential investment market over the past few years have resulted in some changes to the way lenders have applied investment rates