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      If you need money for renovations and aren’t interested in taking out a personal loan or if you don’t have enough equity to add to your current one, you might want to consider finding a new loan with a new lender.   This is one of the easiest ways to get the money you need and keep your debts in one easy repayment.   While you may get a better deal with lower interest rates and more flexible features, you should be cautious of potential additional costs and how borrowing will affect your LVR.   Give me a call on to have a chat about the best way to fund your home improvements.  My Very Best To You Always,  
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      Personal Loans for Renovations Whether it’s a new bathroom, or replacing the appliances in the kitchen, there is always something to do around the house.   A personal loan is a great option for those who need to access money quickly. It helps pay off your loan sooner and repayments are fixed so it’s easy to budget for.   Borrowing limitations and strict criteria exist, so if you would like to find out if a personal loan is right for you, please reach out. My Very Best To You Always,  
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    Attention property investors: if your home loan is more than a couple of years old, there’s a good chance your interest rate is too high. According to the most recent Reserve Bank of Australia data, for July, investors with outstanding loans (i.e. existing customers) were charged significantly higher interest rates than investors with new loans (i.e. new buyers or refinancers). On average, investors with outstanding loans were charged an extra: 0.39 percentage points for principal-and-interest loans 0.53 percentage points for interest-only loans And those are just the averages. Some investors with new loans were able to make even larger savings.   Why do new customers pay lower rates than existing customers?   If you’ve got a mortgage, you might be wondering why your lender is making you, a loyal customer, pay higher interest rates than new customers.   There are thr...
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      Want to make repayments more frequently. Refinance. I’m often asked if there are other options for repaying your mortgage rather than the traditional monthly repayment schedule.   There are some lenders who offer a weekly or fortnightly option and this can be great for those of us with a similar pay-cycle.   The added bonus of making more regular payments is that you can potentially save thousands of dollars on interest over the life of your loan!   If this sounds like something you are interested in, I can help you find a lender that offers this service and walk you through the steps of refinancing.   If you have any questions feel free reach out. My Very Best To You Always,  
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    How Does Buying a House and Land Package Work? Whilst buying off the plan is a popular choice for those who are happy to take a back seat and let developers design their home, some people prefer to have a little more control. If this sounds like you, and you are in a position to pay for land upfront, then choosing a house and land package might be the perfect solution. You’ll have a say in how your property is constructed and what the final product looks like. Here’s what to expect if you choose to purchase a house and land package: You’ll have to pay for the land upfront You’ll pay stamp duty on the land but you won’t have to pay it on the finished house When you purchase the land, you’ll sign a contract with a builder to undertake the full construction of your property You’ll potentially save lots of money, as you can pay your builder in instalments You can manage the building of your p...
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Things You Need to Know About Buying Off The Plan Are you thinking about purchasing a property off the plan?   It’s probably more complicated than you think and there are definitely a few things you need to think about before you put a deposit on the table.   For example: Your building company has the authority to dictate its construction and features, meaning you have limited say in how the property looks. Rather than paying for the construction in instalments, the contract price is for the final product. When you settle on a purchase price, you’ll have to pay stamp duty on the full contract price as well. You could be eligible for huge savings from a government grant which I can scope out for you. I’d love to talk you through the steps involved in purchasing a property off the plan.   Let's talk! My Very Best To You Always,  
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What are the costs involved in buying a property? Don’t be fooled into thinking the price you offer or bid at auction will be the only cost involved in purchasing a home.   These include: Building inspections Loan application or establishment fee Mortgage insurance Mortgage registration & transfer fees Conveyancing & legal fees Stamp duty If you want an indication on what these fees are and how much to allow for in your budget, let's talk. My Very Best To You Always,  
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What are non-genuine savings? For some people, saving for a home loan deposit is long and arduous.   Years of sacrifice and two-minute noodles are followed by an approximate three month wait, whilst you prove to your lender that you are capable of budgeting and making mortgage repayments.   This is known as GENUINE savings and is how many people start their property journey.   But this isn’t always how life works. You may have different circumstances in which you’ve come into money quickly. This can be from an inheritance, a gift, sales of assets or most commonly, a little help from mum and dad.   These are known as NON-GENUINE SAVINGS and are perfectly acceptable.   All you have to do is let your broker know your situation and make sure you choose ‘non-genuine savings’ when you’re comparing different home loans.   If you’d like to talk through the difference between genuine and non-genuine savings give...
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