Dip into our inkwell…
…the place where we pool our thoughts on all things wealth-related
It’s not easy to predict the cost of stamp duty because the final figure depends on several variables. These include the state you live in, the value of the property and whether you plan to use it as an investment. In NSW you will pay around $32,000 on an $800,000 primary residence property, whereas a…
Paying the same amount in more frequent intervals can take some time and save money off your home loan term. Let’s take the example of switching to fortnightly. If you pay $2,000 a month that means you are paying $24,000 off the loan principal a year. If you changed your repayments to $1,000 a fortnight,…
Like picking a good doctor, choosing a property investment advisor is all about assessing experience and credibility. You want to trust your advisor is working in your best interests and you won’t end up buying a property worth less than you actually paid for it. So how do you sort the good from the bad…
What you want in a building inspector is someone capable of identifying issues with the property that you can’t see. Professional indemnity insurance is also important should you decide they have been negligent and you want to take legal action. To find a building inspector you can trust, ask the following questions: What are your…
You’re approaching retirement and your home loan has not yet been paid off in full. It’s not a scenario you planned for, but paying off the family home later in life is a reality faced by an increasing number of Australians. Here are some of the strategies you may want to consider. Sell up and…
Let’s take a look at the basic facts about home loan deposits. The more you understand the options available, the better equipped you are to find a way onto the property ladder. As your mortgage broker, we can provide the expert guidance you need to find an affordable way into the home loan market. The…
Before a lender will grant you a loan, they will check to confirm that you are a good risk by looking at your credit report. Start 2018 with the resolution to better manage your finances. As the year progresses, these positive habits should filter through to an improved credit rating. 1. Keep a track of…
Whenever it makes financial sense to do so. Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years.…
With so many products offered by various lenders, it can be quite perplexing trying to figure out whether or not you’ve scored yourself a good deal on your home loan. While doing your research and comparing what’s out there in the market is one of the most obvious ways to find out whether you’re sitting…
When it comes to saving on your mortgage, some of you may not have to look further than your job. If yours is a profession that classifies you as a ‘low risk’ borrower in the eyes of lenders, then you may be entitled to special discounts. The lucky ones Accountants, lawyers, and teachers are…
