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    If you’ve ever done it before, you will know that refinancing can feel a bit like starting your home loan journey from scratch. You’ve got to compare interest rates and loan terms and make sure you have enough flexibility to cover your repayments for the next few years. When refinancing, my clients often find themselves switching between fixed and variable rates depending on their current financial situation. This can alter how they pay off their mortgage completely. Here are some things you should consider before switching to a variable interest rate. Exiting a fixed rate contract before the term finishes could be costly Be prepared for your repayments to fluctuate as interest rates change You can split your loan between fixed and variable rates if you would like to lock in a portion of your repayment to a set amount If you’re looking to refinance and you’d like to discuss whether a fixed or variable rate is right for you, let's talk! My Very Bes...
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    Should you refinance? Maybe you need a little extra cash for a home renovation or to consolidate your credit cards, or perhaps you simply want to save some money. Whatever your reason, refinancing your home loan can be a smart move as long as you get a low rate and equally important, the right loan structure. This combination can save you thousands of dollars in mortgage repayments over the life of your loan. Here are some simple tips that can ensure you get the lowest rate possible on your Home Refinance Loan. Many lenders are now using your credit score as one tool for determining your interest rate. In general, the better your score, the lower your rate. Before applying to refinance your mortgage, check your credit report and look for any errors. If you find a mistake that's negatively affecting your score--such as a payment marked as "late" when you sent it on time, or a line of credit that doesn't belong to you--be sure to correct th...
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    ‘Rentvesting’ is a relatively new term that is being used to describe the action of buying property in an affordable area, renting it out to pay the mortgage, while renting in an area that you would like to actually live in, or that makes more financial sense.   Identified as the “most common new buying habit” people rentvesting, or renting where they want to live and buying where it’s smart to invest.   Types of Rentvestors:   There are a couple of types of rentvestors. Young people utilising the strategy and saving for a first home and an increasing number of professionally employed people of any age taking advantage of tax breaks and creating wealth through property investment rather than ownership.   Tommy Lim also comments rentvesting allows numerous clients to remain ‘globally mobile’ – either pursuing valuable work experience or further studies in overseas markets such Hong Kong, London or in the United States. ...
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  We’ve all heard the turn of phrase “Landlords get rich in their sleep”. But how many of us have shied away from property investment because we believed that it was only accessible to a select few? Perhaps someone who is older and who has a larger income or a family. Well, consider this blog post the official notice that the position for Landlord is available to anyone who meets the following criteria. Investor (you!) is financially capable of managing a second or first mortgage. Investor has the 10% deposit available to them, as well as closing costs; through either cash or equity, or a combination of both. Investor has the means to cover the possible additional capital of any rise in interest rates, emergency maintenance or the loss of tenant income. Investor has chosen a property that is dually within their budget and with profit potential. Investor’s chosen property must have high and safe returns, supported by great rental potential— the inv...
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