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...

November 1, 2016

They may have moved out – or not! But this isn’t necessarily the end of your responsibilities to your children.  The relative lack of accessibility for first time buyers trying to enter the property market has led to an increase in guaranteed home loans. In other words, this is when the parents’ or other family members’ equity is used as collateral.

Before...

July 15, 2016

Can redraw and offset accounts save you money?

Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged by reducing your loan balance.

Redraw facilities allow you to deposit spare income into your home loan account, allowing you to redraw a sum equal to the ex...

July 5, 2016

While managing your own investment property can seem like a simple way to keep more of the rent flowing towards the mortgage, there’s a little more to it than making sure the house is standing and collecting the money.

Managing your investment property appears pretty straightforward: you find a tenant, they pay rent and you keep a close eye on your asset....

May 9, 2016

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 of rooms and local amenities often see...

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