June 20, 2017

Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do to help hurry your application along.

Although very rare, same-day loan approvals are p...

May 31, 2017

But, insert( Mum, Dad, Friend, Neighbour): said we wouldn’t be able to get a loan. Generally speaking this advice is given with the best intentions but not always is it given with a full understanding of the process of getting into your first home.

SNAPSHOT - Mel and Dan

  • Both had full time jobs

  • They had a credit card each

  • They had one personal...

May 25, 2017

CASE STUDY

Investors How LMI can give you a head start?

Brad, a registered nurse, bought his first home five years ago. Having a penchant for carpentry, he got quickly into making the run-down timber bungalow a home—and adding significant value to the property.

CASE STUDY Since completing this project, Brad had searched for an apartment suitable for renovati...

May 4, 2017

Deposit – The banks will ask a few questions around this. They want detail on where it came from. Did you save it, sell something, tax return or was it a gift? How long have you been saving it for? If you didn’t save it, do you have to repay it? Genuine savings versus non-genuine? Different banks have different policies with varying criteria on what const...

April 30, 2017

Answer: NO

I had a lovely young couple come to see me that had a deposit of $40,000. They had found their perfect property for $400,000. Unfortunately, they banked with Bank A, so went to see them in the branch.

Excited and nervous, they spoke to bank manager but were declined as they didn’t lend above an LVR of 90% so were unable to cover the mortgage insu...

April 12, 2017

You found your dream home, you've pictured the furniture and the children have picked their rooms.  You nervously wait to hear from the bank only to be declined.  Devastated.

This doesn’t have to be the end - don't give up! So many times, it is simply a case of applying with a bank that's policy doesn't fit your current position.  Most commonly people...

April 6, 2017

Not everyone has the time to meet with a mortgage broker, and nor should they have to. With the technology available today there is no reason a loan application can't be done via phone/skype/email and utilise technologies such as DocuSign and ZipID to further streamline the process.

With life running at a faster pace than ever, finding a time when all part...

April 3, 2017

Google top stressful life events and you are more than likely to find divorce and moving at the top. Divorce, even when you are happy to be moving on is a major stressor in your and your families lives. Going through divorce is often a new journey and presents a lot of unknown territory and questions. I hope to be able to help with the questions you may h...

March 31, 2017

The decision by the Reserve Bank to further reduce the cash rate provides a world of opportunities for those with mortgage finance and every mortgage holder would be well advised to make the most of these rates while they can.

This interest rate situation may last for quite a while but it may also be short-lived. The truth is, no one knows how long we are...

March 27, 2017

With the $20,000 Queensland First Home Owners Grant (FHOG) finishing up on the 30th of June this year I’ve had a real spike in enquiries on what exactly you can do with the FHOG. Many these enquiries are coming from people that would like to take advantage of this cash boost but have little or no savings of their own.

So, the three main questions are:

  1. C...

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