How to buy without a 20% deposit

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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 …

Five simple ways to pay your home loan off sooner

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Paying off a mortgage can seem relentless – every payment counts of course, but it can seem to be taking forever to make a dent. Here are some simple ways you can increase the amount you pay off and own your home sooner. Reducing the principle on your mortgage as quickly as you can means paying less interest, so your …

What is a comparison rate???

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Comparing apples with oranges doesn’t make sense. To make finding the right loan easier, and to make advertised rates as transparent as possible, we have comparison rates. If you are planning to buy a property or refinance, you must have noticed an advertisement where it shouts ‘3.6% INTEREST RATE!’ and, underneath or beside that seemingly too-good-to-be-true rate it would say …

Should you refinance for a better deal??

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Refinancing a loan can take advantage of lower interest rates to bring down the overall cost of servicing a loan. But it’s not always the best, or the only, option. There are many different factors borrowers need to consider when thinking about refinancing a loan. The first step is to speak to a credit adviser/ mortgage broker about your needs …

What to look for at an Open House Inspection?

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There’s an old saying that you should never judge a book by its cover, and this is true for houses – after all, who would buy one having never seen more than the front door? Open inspections are opportunities to really flick through the pages, and here’s how to take full advantage.   Really use your senses Sniff, peer, listen …

Why does my broker ask for so much documentation?

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This is one question which lot of clients think of while dealing with their broker. Hopefully after reading the following you will understand exactly what’s the need of all that paperwork. No one likes paperwork; however, providing your broker with the right documentation will save you time and money.   What information will your broker ask you to provide? When …

Who are the different parties involved in purchasing property ??

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Purchasing a property is a thrilling yet nerve-wracking experience, which is why it can be handy to surround yourself with a network of support and expertise. Here are the different parties who may be involved in your home-buying process and how you can use this valuable knowledge to answer your own questions. • Real estate agent Unless you’re working with …

Getting Business Finance is Easier than You Think

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Did you know that getting finance for business purposes might be easier than getting a home loan? With the amount of scrutiny from regulators such as APRA and ASIC on residential mortgages, the banks are trying to increase their lending to businesses – and with ultra-low rates, business owners are finding commercial loans very competitive. Here are some examples of …