Residential

What can you expect your property manager to do?

April 19, 2019

A property manager’s role includes collecting rent, of course, but they also manage your relationship with the person who lives in your property, so it is important to find a property manager who will do the best job of keeping the tenants happy and will get you involved only when you want to be. Property…

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Advantages Of Choosing Mortgage Broker

Advantages Of Choosing Mortgage Broker

March 13, 2019

Advantages Of Choosing Mortgage Broker The main role of mortgage broker is to help to secure a suitable loan on your behalf. Essentially, their job is to assist you in finding and securing a loan to satisfy your needs, while staying within budget. Of course, you could conduct your own research; however, there are a…

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What type of loan is right for you?

November 5, 2018

The array of mortgages available helps a good credit adviser to tailor a package to suit your needs. Here are just some of the options. Fixed-rate mortgages With a fixed-rate loan, you know exactly how much you’ll pay per fortnight or month for the fixed period of the loan (usually one to five years). Variable…

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What to look for at an open house

November 5, 2018

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…

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What is the best time of year to buy a house?

November 5, 2018

While spring is renowned as the time that sellers dust off their properties and place them on the market, this doesn’t mean it is necessarily the best time for buyers to go shopping. One of the biggest issues with shopping in spring is the flood of other buyers looking to snag their dream homes, which…

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What documents you need to apply for a loan

November 5, 2018

Applying for a loan is a very big step, and it’s not always straightforward. To help make it simple, here is a handy list of the documents you are likely to need when you meet with your finance manager. You are ready to buy a home, you just need a mortgage. Before you go rushing…

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What to consider before renovating

November 5, 2018

The decision to renovate is a common sticking point for homeowners, who can spend hours weighing up the cost benefits. Whether your motivation is to add value to your property or to add a touch of your personality to the home, renovations are expensive, and debt often follows. By working with a finance manager, you…

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What counts as genuine savings in a loan application?

November 5, 2018

If you apply for a home loan, particularly if the loan is for more than 80 per cent of a property’s value, you’ll more than likely have to prove to lenders that you have a satisfactory amount of savings. This is to demonstrate your ability to funnel a portion of your income into repayments. Although…

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 What comes first: the property or the loan?

November 5, 2018

It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan. Looking for a property to purchase is an exciting time. Choices regarding location, size, number…

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What are investment lending caps?

November 5, 2018

In an attempt to curb the high competition of the Australian housing market that locked out many would-be first home buyers, the Australian Prudential Regulation Authority (APRA) in late 2014 signalled its intention to keep a close eye on a suite of concerns, including the levels of residential lending to investors. APRA’s communications at this…

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