Archives
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What Does Subject To Finance Really Mean?
The vast majority of people who look to purchase property will do so with the help of finance. If you need to use finance to purchase a property, then you certainly need to include a ‘subject to finance’ clause in your offer. A subject to finance clause is a condition that is attached to the […]
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How to Finance Your Home Renovation
As the window begins to close to access the Government’s HomeBuilder grant, there is still enough time to capitalise if you’re looking to build or substantially renovate. Given that the requirements are high for renovators, many people might be looking to borrow, in order to fund their home renovation. There are a number of finance […]
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What to do next if you’re turned down for a home loan
Why do people get turned down for loans? Bank’s home loan lending rules can change Having your loan turned down by your bank can be a reflection of their current credit policy, which can change based on shifts in market conditions. This means when you may have had no issues getting a home loan from […]
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Should You Consider a Cash-Out Refinance?
With many Australian’s still being impacted by COVID-19, the situation has forced everyone to examine their financial situation closely. If you’re one of those who are looking at ways to free up some cash ‘just in case’, then a cash-out refinance might be something to consider. A cash-out refinance can work by taking out another […]
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Accessing Your Money: Offset Account or Redraw?
Over the course of the last few months, the COVID situation has shown us just how important it is to have some money in the bank. During the lock-down, many Aussies experienced job losses and lowered income, and as the weeks in isolation rolled by, even generous government payments couldn’t stretch to cover the bills and […]
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Should You Turn Your First Home into an Investment Property?
The majority of Australian homeowners can be classified into a few different categories. There are first home buyers, upgraders, downsizers or investors. The data on homeownership in Australia would suggest that the vast majority of Australians fit into just one of these categories. Less than 10 per cent of the population owns an investment property, […]
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How You Can Cash In on the New HomeBuilder Package?
Builders and renovators are pretty happy at the moment after the Federal Government announced the new HomeBuilder program, which will see those eligible receive a $25,000 grant. To qualify, a renovation must be valued between $150,000 and $750,000 with income limits for those applying sitting at $125,000 for singles and $200,000 for couples. While the […]
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Rent vs Buying – The Pros and Cons
Home Ownership For most people, owning your own home is one of life’s greatest achievements, while others think renting is just fine. It comes down to what you want to achieve in life and what type of lifestyle you want to live. One of the biggest challenges today is housing affordability. For example, the typical […]
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What Are Your Self Employed Home Loan Options?
Getting approved for a Self Employed home loan isn’t easy as there are many factors to consider before making an application. But you can qualify for a mortgage when you’re self-employed. Let me tell you how! The mortgage process can be a little bit different when you’re self-employed. It may involve more documentation and the […]
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How Do Property Construction Loans Work?
A property construction loan is a type of home financing that allows you to build your own home or investment property from the ground up. It is quite different from your regular home loan and it is very important to properly educate yourself on all the ins and outs of how they work as this […]
