Explainer: Home loan pre-approval

Sourav Dey Roy Broker 2, News Leave a Comment

Author – Sourav Dey Roy For those getting ready to stride into the world of home ownership, the uncertainties of pre-approval can cast a shadow of doubt over an otherwise exciting time. When is it necessary? How long does it last? And what does it involve, exactly? Pre-approval is a lender’s assessment of your likelihood of being approved for an …

June News from Henry

Henry Daniell Broker 2, News Leave a Comment

 Another month and my global empire comes closer to fruition.  This month we were delighted to see great progress from some of our newer brokers.  Its been a long time between drink for our WA operation (which has seen Sarah single-handedly holding the fort).  But I was delighted this month to see Ravikiran Jadhav come in with his first loans.  …

Tax Time – How to Really Stuff Things Up

Graeme Salt Broker 2, News 1 Comment

Author – Graeme Salt What’s the best way for a property investor to drive their accountant bananas? By mixing personal and investment debt. It makes it almost impossible to get a borrower the best tax return if it’s not clear what debt is tax deductible. This week a client called me who was looking to convert his current home into …

How to buy without a 20% deposit

Sourav Dey Roy Broker 2, News Leave a Comment

When you consider that an average house in Adelaide, it could set you back half a million dollars at the moment, saving a 20% deposit to buy that house – $100,000 – can seem an insurmountable task. That’s where insurance can help. Lenders mortgage insurance (LMI) may be an added expense, but it offers buyers the opportunity to dive into …

I Don’t Know

Graeme Salt Broker 2, News Leave a Comment

Author – Graeme Salt “I don’t know” that was the answer from a bank representative when I asked him how we could undo a complicated mess that a client had gotten himself into. A few years ago, the client had cross-collateralised three investment loans – one of which was for a property in Whyalla SA. Cross-collateralisation is where a security …

Why the Outgoing Bank Can Really Stuff-up your Refinance – and other tips to take away the stress

Graeme Salt Broker 2, News Leave a Comment

Author – Graeme Salt We all know that interest rates are at ultra-low levels and that lenders are offering major inducements for us to refinance our home loans with them. But, did you know that if you just tried to refinance with the cheapest lender you could really stuff-up your finances? On-line lender makes you do heap of work and, …

How Much Interest Are You Paying?

Graeme Salt Broker 2 Leave a Comment

Author – Graeme Salt We are coming to the end of the financial year; this is when many Australians complete their tax returns, look at their mortgage statements – and realise they are being ripped off by the banks! If, when completing your tax return, your accountant sees that the interest rate on your mortgage begins with a 4, they …

How Much Interest Are You Paying?

Graeme Salt Broker 2 Leave a Comment

Author – Graeme Salt We are coming to the end of the financial year; this is when many Australians complete their tax returns, look at their mortgage statements – and realise they are being ripped off by the banks! If, when completing your tax return, your accountant sees that the interest rate on your mortgage begins with a 4, they …

The Value of Your Home – Taxation’s Impact

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Author – Graeme Salt Blind Freddy can tell that how much we have in our pay packets will impact on property prices.  This week’s budget statements from both parties will have significant impacts on what we take home from work and what we can afford for our homes. According to the Australian Bureau of Statistics (ABS) average hourly worker wages …