Month: November 2018

Don’t let poor credit stand in the way of achieving your goals. A family guarantee and the right advice can see you well on your way. Matt and Natasha had found their perfect first home. However, there were a few hurdles: they didn’t have the money for a deposit, Matt had previously defaulted on his…

Jess and Louisa Davis* were the beneficiaries of a trust bestowed on them by their grandmother, which included 17 tenanted properties with a substantial amount of outstanding debt. When they encountered problems transferring that debt, and with the clock ticking, they were lucky to have found an appropriately experienced broker. Jess and Louisa, having inherited…

When Jane* approached Finance Manger Tracey, she wasn’t sure whether she could buy her first investment property. With good advice and a private treaty, Jane managed it at a favourable price. Jane was referred to Tracey, a Finance Manager at FinanceCorp by a financial planner who looked after Jane’s father. “Jane was a very stable…

Jarrod Harrison was well on his way to becoming a first-home owner when issues cropped up prior to settlement that threatened to cost him his deposit. Having found the house he wanted to buy and exchanged contracts for sale, Jarrod found himself considering a costly settlement extension due to unexpected problems with his deposit. While…

After her divorce, Rebecca decided to buy a house she, her mother Denise and her son Oliver could live in. FinanceCorp was able to help, even though the family didn’t have a big deposit. Rebecca Miller was in her late 20s when divorce led her and her young son Oliver to move in with Rebecca’s…

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…

Making extra repayments on your home loan can be a clever financial strategy. Investing your extra cash into your home can speed up your loan’s life cycle, with the added benefit of saving money in the long run. However, care must be taken to ensure that extra repayments are planned, and the right type of…

If you’re thinking of giving your home a total makeover using your SMSF, think again. Unfortunately, while you and your fellow trustees have some control over your fund, it doesn’t mean you can spend your money however you like. The ability to renovate a residential property that you own through an SMSF comes down to…

There are plenty of upsides to buying an investment property that already has a tenant, as well as a raft of risks. Here’s how to minimise them. Purchasing an investment property that already has a tenant means you collect rent from day one, with no vacant period and no lease fees to find a new…