Residential

How to avoid mortgage stress How to avoid mortgage stress Many people make the mistake of borrowing whatever the bank says they can afford and often don’t take time to consider what this will mean in terms of the ongoing financial commitment. The common definition of “mortgage stress” is where you spend more than 30%…

How much can you borrow? One of the most important things we find clients want to know is how much they can borrow. Many have used simple online calculators. These online calculators are a very quick and simple way of getting a rough calculation. But it is important to realise that most lenders look at…

How does a line of credit work and is it for me? How you structure your mortgage can be a big decision. One of the decisions that you may be considering is taking out a line of credit. Essentially, a line of credit allows you to access the equity you have in your home. For…

Blog: Helping First Home Buyers Get Organised. Being a First Home Buyer is both an exciting and scary time. Our role is to help at every stage of the process. Some steps can be taken before the home ownership journey begins. Here are some great tips on getting prepared: 1. Understand what you can afford:…

Let FinanceCorp help you with your client’s will! There is so much for a client to think about when buying and selling a property. For many of our clients, they are often overwhelmed with the amount of things that they need to be thinking about. For many years now, all of the brokers at FinanceCorp…

Some commonly asked questions Using a mortgage broker is something that has been around for several decades in Australia. There are some people who are still not familiar with how and why to use a broker so here are some questions that we commonly get asked. 1. What does a mortgage broker do? A mortgage…

Credit Rating We get asked a lot about credit ratings and how this will impact borrowing capacity. It can be very hard for us to provide general responses in regards to these kinds of questions. As mortgage brokers we get asked a variety of things in regards to credit ratings. Firstly, the issue of credit…

Consolidating your debt In this day and age it is very easy to find yourself in a position where you have a lot of personal debt from things like credit cards, car loans, store cards and personal loans. These can all start out as being easy to manage but over time we can slowly increase…