Is now a good time to buy? The banks are lending us more, loan repayments have dropped and house prices appear to have stopped falling. But rate cuts happen for a reason and the global economy seems to be spluttering – partly driven by fears of a trade war. Historically, there have only been two causes of recession in Australia; …
Can your profession gets you a better deal on your home loan?
The answer to the above mention question is YES, it can. 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 …
How to pay off your home loan sooner and save big bucks
Most of the people dream of owning their own house and it’s a great feeling to get into your own house. But a feeling which is even better than that, is when you have paid your home loan off. Reducing the life of your loan isn’t difficult; there are many simple things you can do to cut years off your …
Buyers Hold All the Aces
Author – Graeme Salt Falling auction rates depict a turning market – a market which suits buyers. Many buyers are now asking ‘when do I buy’ and ‘how do I buy’ rather than desperately screaming ‘I’ve got to buy.’ With close to half of properties being passed in at auction, buyers are sitting on their hands as prices in Sydney …
My Baby Joy – by Henry Daniell
Not only am I seeking global domination of the mortgage broking world, I am also looking to create a dynasty – with generations of successful mortgage brokers. So, I am delighted to tell you that Katya and her husband Alex had a son recently. Weighing in a 3.55kg and 57cm tall, Sebastian is already a bundle of joy with parents …
Explainer: Home loan pre-approval
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
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. …
Five New Year’s Resolutions for a New Financial Year
Author – Graeme Salt Next week is the start of a new tax year and marks a great opportunity to get your finances in order. With the property market taking a breather, now is the chance to get the foundations right to achieve your future goals. Here are my Top Five tips on what you can do this financial year. …
Tax Time – How to Really Stuff Things Up
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
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 …