Tag Archives for " mortgage broking "

How many Australians own an investment property?

By Shane | Invest

Property investment is a bit of an obsession here in Australia. The media loves reporting on it and every bloke at the BBQ or around the water cooler in the office has an opinion on the property market. If you’re anything like me, you’d swear that every man and his dog owned 23 investment properties.

So I decided to dive into data released by the Australian Taxation Office (ATO) to figure out once and for all how many Australians ACTUALLY owned an investment property.Continue reading

How to pay off the home sooner: 10 tips you need to know

By Shane | Uncategorized

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

Fixed, variable, split – find the right fit for you

By Shane | Uncategorized

In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that works best for you.Continue reading

What Is A Home Loan Guarantor?

By Shane | Uncategorized

A third-party to a home loan is called a guarantor, which helps you get a loan by offering additional security support. Generally, guarantors are limited to spouses or immediate family members. A home loan guarantor can be your helping hand to buying your dream home. Many lenders will allow you to obtain a home loan given that your spouse or family member will help you buy by providing additional security support.Continue reading

The Step-By-Step Guide To Refinancing

By Shane | Uncategorized

Refinancing refers to the process of paying out your current home loan, either with your existing lender or through a different lender. You can get a lower interest rate and reduce your monthly repayments or you could fix your rate for certain period and have the security of fixed monthly repayments. If you would like to refinance your loan, below is a step-by-step guide.Continue reading

How to save money with a redraw facility

By Shane | Uncategorized

Are you looking to save money by reducing the balance of your home loan? A redraw facility is a useful tool that could help you pay off your mortgage sooner if used wisely. A redraw facility is offered by a large percentage of home loans– so how does it work, and how can it help save you money? Continue reading

Newsflash! The RBA leaves interest rates unchanged at 1.5%

By Shane | Uncategorized

On the first Tuesday of every month (except January) the Reserve Bank of Australia meet to make a decision on the cash rate. Depending on the economic conditions, the RBA may increase, decrease or leave the cash rate unchanged. Changes to the cash rate will affect the interest rate that banks and lenders will offer to borrowers.Continue reading

How To Avoid Nightmare Tenants For Your Investment Property

By Shane | Invest

This article will go about the most important thing in managing your property- and that is how to avoid nightmare tenants before they even move in. Investment properties make up an important financial approach for many Australian property owners. However, many of the headaches that come with these properties are due to troublesome tenants. Continue reading

How Do You Refinance Your Home Loan

By Shane | Uncategorized

Refinancing your home loan can help you achieve important goals. It can be a great way to access home equity to invest in other areas such as investment property, shares, or managed funds. Refinancing can offer you the chance to take advantage of more flexible features if your circumstances have changed, or if you’ve had your home loan for a few years.Continue reading

What Is A Cash Flow Positive Property

By Shane | Invest

Have you heard the term “cash flow positive” and weren’t exactly sure what it means? In a nutshell, cash flow positive property is whereby the rental income exceeds the expenses of the property. Let’s say for example that you’re making a thousand dollars a month and your bills were roughly seven hundred dollars, then that means that you would be getting around about three hundred dollars’ cash flow positive from your property every month.  Continue reading