What do you know about property insurance between exchange and settlement?

Buying a property isn’t always a straightforward process, and one area that can cause confusion is the question of who is responsible for insuring it between the signing of the contract and settlement. There are differences in regulations between states, but the basics are as follows. First, it’s important to clarify whether the property is at the buyer’s risk or the vendor’s. Generally speaking, the property only passes to the…  Read more

Five things to look for when choosing your broker

A good mortgage broker can be the key to your property portfolio success. Here’s how to find one. Mortgage brokers worth their salt will look to build a trusted relationship with you – one that’s more focused on service than selling. Here are five things to look for when choosing your broker. 1. Recommendations  Asking your personal network for referrals is a good starting point. This could help you find…  Read more

Future focused: apps and tools to track your finances

It’s never a bad idea to have a little help managing your money – and when you’ve got monthly mortgage repayments to make, balancing the books is extra important. There’s a great range of apps and tools designed to help you budget, save and track your finances. And we’ve put together a list of some worth checking out. Budgeting and Tracking The formula is pretty simple. To balance your budget…  Read more

Capital Gains: securing the finance your business needs

Whether you need funds to get a new enterprise off the ground or are looking for capital to take things to the next level, it’s important to understand if a business loan is right for you, what types of business loans are available, and what’s involved in the application process. Step 1: Explore the alternatives Before you decide that a business loan is a right option, it’s worth considering any…  Read more

How redraw works and why it’s a handy loan feature

It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more than your minimum scheduled repayments, then you’ll have money available to redraw from your home loan. The redraw facility is a common feature…  Read more

3 Questions to Ask Before You Refinance

With interest rates at record lows and competitive deals on offer, switching to a new loan or lender may be an appealing prospect, with the potential to make significant savings.
Since the Reserve Bank of Australia (RBA) began its latest round of rate cutting, lenders have been lowering mortgage interest rates across the board, with several now offering rates below the 3% mark.
But before you make the decision to refinance, there…  Read more

Understanding Which Home Loan Features Are Right For You

Buying a home is probably one of life’s most important milestones, so getting the right home loan tailored to your specific needs and circumstances is essential. When it comes to home loans, there are many factors to consider besides interest rates. Choosing the right home loan could not only provide flexibility as your financial situation changes but could also save you some money down the track. Here is an explanatory…  Read more

Concerned about servicing your loans?

If you are concerned about servicing your loan, we have experienced mortgage brokers who can help. As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand. Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number of Australians may be struggling to balance their books as a result of the Coronavirus, and…  Read more

The best of both worlds: mixed use property investment

Building a new home that looks and feels just right – or making big changes to the place you live – is a goal for many. But it can be a more complicated process and a very different experience to buying an existing property. And it can require a specific type of financing – a construction loan. Maybe you already know how a standard mortgage works. Broadly speaking, you take…  Read more

What is a business line of credit?

As a small business, you have many funding avenues available to you. It can be overwhelming trying to understand which option is best for you and what the pitfalls and benefits are. A business line of credit is one option that many businesses utilise at various points in their business cycle and it can be a very useful tool. It works a bit like a credit card with access to…  Read more

Credit report changes: don’t be caught out

If you applied for a home loan in the current financial environment , your lender would probably assess your application in the context of both your credit score and your credit history – on top of your income, assets, liabilities and living expenses. Your credit score is a number calculated by a credit-reporting agency, which compares you to other borrowers and categorises your credit risk profile. The higher your score, the…  Read more

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