December 2016 - Pearl Financial

Monthly Archives: December 2016

Dec 31

Buying Off The Plan? Consider These Often Forgotten Factors…

By Shane | Building , First Home Buyer

When purchasing property, one of the things you’ll probably ask yourself at some point is should you buy an existing property or should you purchase a property off the plan. It’s a question that a lot of people struggle with. The fact is, there are a lot of things you need to consider and think about. So if you’re looking to learn more about buying off the plan, keep reading.Continue reading

Dec 30

5 Things You Should Know About Lenders Mortgage Insurance

By Shane | Uncategorized

So, lets’ say you want to buy a property but you don’t have the minimum 20% deposit required. You’re likely going to pay lenders mortgage insurance, but what exactly is lenders mortgage insurance and is it worth the cost?

A lot of people want to know more about lenders mortgage insurance because often, banks, lenders and sometimes mortgage brokers don’t really explain what lenders mortgage insurance is or they don’t take enough time to explain it. In this article, you’ll be able to get a further understanding of lenders mortgage insurance to fully understand what it is, why it could benefit you, whether or not it’s worth paying for, what exactly does it cover and why you would want to get it. Continue reading

Dec 29

10 Tips When Buying An Investment Property

By Shane | Investing

When you’re a beginner in the property space, it can be completely overwhelming. There are so many different strategies that you need to look at. So many different ways to invest. So many different areas that you can invest in and even researching an area and trying to work if it’s going to be a good investment. It’s just so difficult to know exactly where to get started and how to get down the road of property investing.Continue reading

Dec 29

Home Loan Pre-Approval 101

By Shane | First Home Buyer , Fundamentals

Are you looking to buy a home or investment property soon? You need a loan but you don’t know how much a lender can give you? There are so many banks but you don’t know how much each will give you and which is the right one? Imagine knowing exactly how much you can borrow before finding your dream property. Basically, the process is pretty straightforward. Most people think that it’s going to take a long time so that’s a preconceived notion that isn’t true. It certainly doesn’t have to take as long as most people would think…Continue reading

Dec 06

The Essential Features To Consider When Choosing Your Home: Inside Your Home

By Shane | First Home Buyer

You may already have the ideal location for your home, but still find yourself with so many decisions to make including the essential features to consider when choosing the interior of your home. You find it exciting and challenging at the same time, and you may already have some ideas of how it will look inside. Your home should reflect who you are. If someone were to walk into your home, they should recognise that it’s yours.Continue reading

Dec 04

Renovating: Here’s what you need to know

By Shane | Renovating

The need to renovate your home is commonly realised by the changing demands of your family. Some of these renovations includes a new room after an addition to the family, the need to expand living space, a new style preference that leads to the desire to repaint or refurnish, and even life events which require new function area that would eventually lead to knocking down walls or raising the ceiling.Continue reading

Dec 04

The Lowdown on Lenders Mortgage Insurance (LMI)

By Shane | Fundamentals

Lenders mortgage insurance, also known as LMI, is an insurance premium paid by the borrower that protects the lender against the risks of the borrower defaulting, and the lender doesn’t regain all its money. Doesn’t sound exactly fair, right? The premium for LMI is charged as a one-off premium at the start of the loan and it’s paid by you – the borrower, even though it protects the lender. LMI shouldn’t be confused with mortgage protection insurance, which is about protecting the borrower against the risks when they couldn’t make loan repayments.Continue reading

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