Shane, Author at Pearl Financial - Page 6 of 12

All Posts by Shane

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About the Author

Shane specialises in helping Gen Y professionals and business owners make an impact by accumulating more assets, generating more income, and having more time to enjoy life. He has a Master of Applied Finance, an MBA, and a Master of Financial Planning. He is also a terrible golfer.

Apr 26

Is It Time To Refinance?

By Shane | Refinancing

You’re probably wondering if now is a good time to refinance your mortgage. So, how do you really know when it’s time to refinance? According to most experts, it is recommended that you conduct a financial health check at least every three years and that you also review your home loan at least once a year.

But then again, how do you know if it’s time to refinance? Should it be as soon as you’ve sourced a better rate or should it be when your existing mortgage no longer matches your needs? It can really be a difficult question to answer yourself. To help you with that, this article will cover some points for you to think about before deciding on whether it’s time to refinance your mortgage or not.Continue reading

Apr 24

The Do’s & Don’ts Of Refinancing Your Home Loan

By Shane | Refinancing

In order to save money, mortgage holders are looking to refinance. But most of them don’t take the time to do their homework and therefore, resulting in not being able to save as much as they could have.

Before deciding on a loan, take a look at the do’s and don’ts first if you think you can find a better home loan and if you are considering refinancing.Continue reading

Apr 16

Get Into Your First Home Faster With A Family Guarantor

By Shane | First Home Buyer

Get into your first home faster with a family guarantor. It can be looked at as a no deposit home loan because you can have a family member to go as your guarantor without them actually providing cash for a deposit. They can use the equity in their family home as a guarantee.

The family guarantee allows parents and immediate family members to use their own home’s equity to provide additional security for a portion of the loan amount. It offers a solution which is particularly useful for first time home buyers. Not only that it reduces the loan to value ratio but also save you a significant amount of money by avoiding the need to pay Lenders Mortgage Insurance (LMI).Continue reading

Apr 14

Paying Off Your Mortgage Early… Does It Actually Make Sense?

By Shane | Fundamentals

Should you pay off your mortgage early? Does it actually make sense? It’s a very worthy question to ask and this article will help you answer that question for yourself.

Aside from thinking about whether to pay off your mortgage early or not, perhaps, you’ve also been considering about growing your wealth in the future. If that’s the case, just keep on reading. What this article can do to help you is go through a series of questions that you can ask yourself so that you can make a better assessment for your situation and make the decision for yourself.Continue reading

Apr 13

Things To Consider When Buying Your First Home Off-The-Plan

By Shane | First Home Buyer

Property developers who construct apartments, townhouses and free standing homes often put their properties for sale before they are finished and even sometimes before they begin constructing the project. This type of sale is referred to as off-the-plan in which buyers can purchase their brand new home in advance.

Should you buy an established home or is buying off-the-plan a better idea? Perhaps, it’s one of the important considerations you’ll need when buying a property. While there’s an excitement of being the first person to live in the home with the privilege to choose your floor plan and colour schemes, there are also some common pitfalls that you have to be aware of if you intend to buy off-the-plan. There are many benefits in buying off-the-plan. However, first home buyers should also be aware of the possible risks that may arise.Continue reading

Apr 12

Why You Need A Depreciation Schedule For Your Investment Property

By Shane | Investing

For many property investors, reducing tax is a key part of their investment strategy. Yet surprisingly, many investors are missing out on a major tax deduction that could save them thousands. It’s called depreciation.

Depreciation or claiming the lowering in value of items within your property or the property itself can be an ample way to lessen your tax expenses and to get the most out of your return on investment. If you’re not maximising your depreciation on your investment property, you could be missing out too.Continue reading

Apr 11

The No-Nonsense Guide To Lines of Credit

By Shane | Fundamentals

A line of credit is an arrangement made between a bank and a borrower. The bank offers a maximum loan amount to the borrower, which can be drawn upon at any given time. The borrower which can be an individual, business or government entity has the advantage of taking out as much as they want up to the maximum amount. Continue reading

Apr 10

Hidden Costs Of Homeownership: Strata Fees, Land Tax & Council Rates

By Shane | Fundamentals

The Australian dream of homeownership has for decades been seen as the foundation stone for financial prosperity. There are, however, many costs of owning a home that you just don’t see when you’re renting. As property prices stabilise and interest rates remain relatively low, there looks to be renewed interest from first home buyers entering the property market. The move to homeownership certainly makes more financial sense than renting and paying off somebody else’s mortgage, right?

Buying your own place can be a path to a solid financial future because the mortgage payments you make every month lead to an increased home equity and the rising values of home, which will eventually add to your asset. However, potential buyers who aren’t prepared for the true cost of owning a property may be shocked by the bite homeownership can take out of their wallet in addition to their mortgage payments.

So, where does your money go?Continue reading

Mar 20

Why You Need A Building And Pest Inspection

By Shane | Fundamentals

Building and pest inspections are for the purchaser to identify any potential issues including building design faults, potential safety issues including cracking or structural defects. It also includes timber pest activity. Timber pest activity is essential. It includes moisture, mould, termite, decay, and borer. These issues can unfortunately have an effect on the value of the property you’re purchasing.

Continue reading

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