By Editorial Team | Fundamentals
Entrepreneurs are naturally ambitious and driven people. If you consider yourself an entrepreneur, you might feel like you already have enough on your plate and that you don’t have the time, money or capacity to seek out any investment opportunities. It doesn’t mean that you can’t invest in property. As long as you consider the following four factors, you won’t regret making the decision.
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By Shane | Fundamentals
The property market is a quagmire, fraught with pitfalls that can render any investment decision a poor one. As a buyer, you have to make sense of the different types of mortgage interest rates and home loans are available and know which one will be most favourable to your current financial situation. It can be a nightmare to make sense of without a qualified and experienced mortgage broker at your side. Asking the right questions will ensure that you find the most suitable mortgage broker in Liverpool for your needs. Use these four questions to help guide your decision.
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By Editorial Team | Fundamentals
Investing in something that creates passive income is becoming a common practice in Australia. But, like all other investments, being objective about the property or home renovation project you want to take on will help increase your chances of success.
With this in mind, let’s take a look at 8 key performance indicators you’ll want to look out for before you invest in a new house or home extension.Continue reading
By Shane | Fundamentals
Since the Royal Commission kicked off in April banks & lenders have really cracked down on documentation requirements for all home loan applications. This means that you may be asked to provide a Letter Of Employment for a mortgage application.
In this blog, I will walk you through all you need to know about home loan employment confirmation letters and I’ll even give you a template.Continue reading
By Shane | Fundamentals
Property investors often choose to set the repayments for their investment loans to ‘interest only’ repayments. An interest only repayment means you pay only the interest due each month, but you aren’t paying down the loan balance.
By comparison, a principal and interest repayment is made up of a portion that covers the interest due and a portion that pays down the loan balance a bit with each payment made.
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By Shane | Fundamentals
The savings that could be achieved by using these home loans for professionals could potentially be tens of thousands of dollars. I don’t know about you, but I prefer to see more money in your pocket, rather than in banks coffers. Continue reading
By Shane | Fundamentals
For years now, I have used a five-minute phone call that has saved me thousands of dollars. In this post, I want to share with you how you could do the same…
By Shane | Fundamentals , Interest Rates
Westpac kicked it off… the dreaded out of cycle interest rate increase.
They raised the interest rates on their variable mortgages a few weeks ago, which surprised many since interest rate increases from the banks usually coincide with the Reserve Bank of Australia (RBA) increasing rates.Continue reading
By Shane | Fundamentals
If you’re in the market to buy a new property or refinance an existing one, then the concept of Loan-To-Value ration (LVR) is an essential concept to understand. It is particularly important for property investors as it allows the astute investor to understand their equity position and whether they are able to start planning their next property acquisition.
In this article, we will cover off on what loan-to-value ratio is, why LVR is important, and how to calculate LVR.
By Shane | Fundamentals
Have you ever wondered if there was a way to pay off your home loan sooner? Interest rates are at historic lows, and whilst there is plenty of speculation about which way they will move next, it is still a great time to capitalise on opportunities to smash your debt. Let’s take a look at 10 tips that could help you shave years off your home loan. Continue reading