New Year’s Financial Tips

Gino Farina Money

There are a few key ways you can take control of your finances to achieve your money goals in 2019. Tip 1: Set Your Money Goals for the Year What are your money goals for this year? You need to make them specific, achievable and give yourself a timeframe to achieve them. Once you have your goals, you need to …

7 Tips to a Healthy Credit Report

Gino Farina Money

A key step towards financial health is a healthy credit report. Whether you want to take out a loan to buy a home, a credit card to earn points or a new mobile phone on a post-paid contract, a credit provider will probably want to access your credit report to decide whether or not you’re creditworthy. Step 1: Know What’s …

Property Valuation vs Appraisal

Gino Farina General

If you’re looking to buy or sell a property, or you just want to know how much your place is worth, it is important that you understand the difference between a property valuation and a real estate agent’s appraisal. What is a Property Valuation? A property valuation is a detailed report of a property’s market value, defined by the International …

5 Tips to Pay off Your Christmas Debt Faster

Gino Farina Money

Heading into the New Year with your Christmas debt hanging over you is an unsettling feeling. Here are 5 key tips you can follow to save money and reduce your debt quicker, to get you off to a good start for 2019. Tip 1: Consolidate Your Debts If you’ve got multiple personal debts, consolidating them can streamline your debt into …

Be Aware of Product Comparison Sites

Gino Farina Money

Before renewing an insurance policy or signing up for a new credit card, it’s a good idea to do your homework. Many people research and obtain quotes from free product comparison websites such as iSelect, Compare the Market, Choosi, Finder, and Canstar. But what does “free” actually mean, and are their recommendations unbiased? Comparison Sites “Do Not Necessarily Provide Good …

The Ins and Outs of Lenders Mortgage Insurance (LMI)

Gino Farina Home Loans

What is LMI? Lenders’ Mortgage Insurance (LMI) is insurance that a lender takes out to protect itself against the risk of not recovering the full loan balance, if you, as the borrower, are unable to meet your home loan’s repayments. If this occurs and the property is sold, any shortfall between the outstanding loan balance and the proceeds from the …

Does Your Mortgage Rate Start with a Three?

Gino Farina Refinancing

With such a wide range of mortgage products available today, it can be overwhelming trying to work out the pros and cons, and if the mortgage you have is the best option for you. In the current home loan environment, the general rule of thumb is that the rate should start with a three. However, if it doesn’t and you’re …

The Current Property Market and National Housing Outlook

Gino Farina Property Updates

National Dwelling Values Fall by Half a Percent in October According to the CoreLogic Home Value Index results for October 2018, tighter credit conditions and lower dwelling values across Australia have contributed to slower housing activity, with the annual decline across the nation at 3.5%, and the home value index reporting a 0.5% fall in dwelling values nationally in October. …

Reverse Mortgages

Gino Farina Other Loans

What is a Reverse Mortgage? Reverse mortgages let pensioners and retirees from the age of 60 convert the equity in their property into cash. No income is required to qualify but credit providers are required by the law to lend money responsibly, so not everyone will be able to access this type of loan. Although interest is charged as with …

What Are Buyer’s Agents and How Can They Help You?

Gino Farina Services

What is a Buyer’s Agent? A buyer’s agent is a licenced real estate professional that specialises in searching, locating, evaluating and negotiating the purchase of a property on behalf of a prospective home buyer. In a real estate transaction, a real estate agent works for the vendor and a buyer’s agent represents the interests of the buyer. Benefits of Engaging …