In the current home loan lending environment, the duration of loan approvals for some borrowers has increased significantly as lenders increase their restrictions and scrutiny on applications as a result of APRA and the Banking Royal Commission. This has made it harder than ever for some to get finance. Before you look to purchase a home, ensure you use an …
Refinancing a home loan can potentially save you a lot of money. However, refinancing, or moving your mortgage to another lender, is not always the best option. Sometimes there are many hidden costs to switching, and improving the rate through your current lender can save you both time and money. How Can a Finance Specialist Help You Save Money on …
With house prices high, accumulating enough funds for a deposit can at times seem overwhelming. Though broken down into achievable steps, these tips can help you get into the market and achieve your first property purchase. 1. Set a Clear Goal When setting any goal, it is important to make it achievable. Ensure you start with a realistic budget in …
While there are many lenders who will provide mortgages for the self employed, there are a few things you will need to be aware of before starting the process. Paperwork Requirements The evidence of income between employees and self employed people is vastly different. If you are self employed, most lenders will need copies of your tax returns, business activity …
Can you believe that another year has passed? If you haven’t yet followed through on any financial resolutions from 2017, let’s try a reset with a few tips to create new habits in 2018: Start with a goal. Whether it’s buying a home, building an investment portfolio, planning for retirement or even going on a holiday with the family, you …
