Should you refinance for a better deal??

Sourav Dey Roy Uncategorized Leave a Comment

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 …

How to choose between auction and private treaty when selling your home

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Nicola Powell| Domain| 23 June 2017 https://www.allhomes.com.au/news/how-to-choose-between-auction-and-private-treaty-when-selling-your-home-20170623-gwtwq5/ Choosing the method of sale is a key decision vendors initially face. Auctions tend to be a fast path to sale compared with private treaty but the speed and success largely depends on market conditions and location. Auction numbers in Sydney jumped during autumn as vendors sought to take advantage of the housing …

First home buyers to have edge over investors under NSW housing affordability package

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Sarah Gerathy| ABC http://www.abc.net.au/news/2017-06-01/nsw-first-home-buyers-to-have-edge-over-foreign-investors/8580042?section=business First home buyers could save up to $34,000 under the NSW Government’s new suite of housing affordability measures, according to Premier Gladys Berejiklian. The Premier said the measures were designed to give first home buyers a competitive edge when bidding against investors. The measures, which come into effect on July 1, include: Abolishing stamp duty for …

The lowdown on Lenders Mortgage Insurance

Noah Cohen Uncategorized Leave a Comment

First of all, what is Lenders Mortgage Insurance (LMI)? LMI is insurance the bank will generally require you to purchase if you need to borrow more than 80% of the value of the property you provide as security. So now that I have LMI, that means the bank can only take the property I provided as security, right? Wrong! If you …

Are you fixin’ to fix?

Noah Cohen Uncategorized Leave a Comment

With interest rates at a historic low, I’ve been asked a lot about whether to lock in home loan repayments at fixed rates, or wait and see if there are more rate cuts on the horizon. Unfortunately there’s no right answer, and ultimately it’s up to you. With that said, it’s important to understand the pros and cons of each …