Finance and Mortgage Blogs
What Dangers Are In Your Payslip to Borrow?
//Can You Use All Your Income In Your Payslip⁉️// Did you know that there are parts of your payslip that some lenders will only use 80% or less✂️? For example bonus, commissions and overtime. Sometimes in some industries you can use 100% of these...???? So for you...
Why is the bank saying I can’t service a loan?
A question we often get goes something along the lines of: ‘I make my repayments on time, and I save $1,000 per month, why is the bank saying I can’t service a loan?’ Here’s how banks conduct loan serviceability. When a bank calculates loan serviceability, they...
Property round up: NSW overhauls stamp duty, NAB increases rates
There’s been a couple of fairly big property-related announcements recently, including a stamp duty overhaul in NSW and NAB increasing interest rates. Let’s break down what they could mean for you. NSW stamp duty overhaul First, let’s start with the good. The...
Caught on Off The Plan
Options When Settlement is Called For Off Plan purchase I seem to get alot of settlements for off the plan purchasing this time of year. It is a timely reminder that Off the Plan can be a good way of purchase although with a changing lending environment you need to be...
Bank wanted mortgage broking fees transferred to customers
A big four bank almost overhauled its broker remuneration model so that the cost of mortgage broking services would be transferred to the customer, the royal commission heard. Here’s how to prevent that from happening. The Royal Commission recently revealed...
Crossed Home Loans
Are you Cross with your Bank... Well you are not alone, so you come to sell your current home and at settlement you were expecting LOTS of money and you ended up with LITTLE! What could of happened? The Banks The Finance all wrong. Cross Securitisation!...
Switching it up
Do you need to switch it up? Do you use the features of your loan? If you are not you may be paying more that you...
Farewell negative gearing and CGT discount?
You’ve probably seen ‘negative gearing’ and ‘capital gains tax’ in the news recently. That’s because they’re set to become hot topics ahead of the next federal election. Today we’ll take a look at both. If you’re an aspiring first home buyer, negative gearing...
Investment Property Price Too HIGH
Do you need to buy where you live? What about the broader area of Australia? Tips: Remember this is a business transaction? Does it matter where the property is and that it is not next door Interest rates have changed from Investment to Investment interest only...
7 school holiday ideas that won’t break the bank
We’re midway through January and you’ve managed to stay sane. Well, we hope so anyway! Here are seven budget-friendly ideas that’ll help keep the kids off their screens throughout the last two weeks of school holidays. If you’re increasingly tempted to preserve your...
