When you deal with property transactions, you will be dealing with Real Estate Agents. This article will show you how to make real estate transaction go as smooth as possible.
The first thing to note is that the Real Estate Agent does not represent you, the Buyer – they represent the Vendor. It is in their best interest to ensure the Vendor gets the highest price possible because:
– Agents are usually paid a commission on the sale of the property
– Extracting the highest price from the Buyer, allows the Agent to attract more customers in future
April has started, and the RBA’s official cash rate is still sitting at 1.50%. The lowest it has ever been.
This article will walk you through what the team at OneSite are currently observing in the Home Loan and general Credit Markets. There are currently a number of factors effecting the credit market:
– General economic variables
– Property market outlook
– Regulator changes
With this in mind, the article will show you the current lender movements in the market.Read More
Most borrowers often ask, how much can I borrow? This question can be answered by looking how the Banks calculate your borrowing capacity.
Every bank has their own calculator to work out your borrowing capacity. Having said that, the information that gets entered into the different calculators is largely the same. The video in this article will discuss the criteria the banks use to calculate your borrowing capacity.
The factors involved in calculating your borrowing capacity boil down to your income, your living expenses and your current liabilities.Read More
Genuine Savings are the funds you saved yourself over a period of time. If you are considering entering the property market, you will need to be prepared to have a deposit of at least 5% of the property value in order to qualify for a home loan. This rises to at least 10% of the property value if you’re looking for an investment loan.
Having said the above, having the 5% deposit does not automatically qualify you for a home loan. Home loan applicants are required to have genuine savings, as well as the initial deposit for the loan.Read More
Another month has gone by and the RBA’s official cash rate is still sitting at 1.50%, the lowest it has ever been. The prospect of the cash rate being cut, along with stronger economic data out of other world markets have led to the Australian Dollar trading at or near 3 year lows. This will have implications for Lender’s debt financing, with a large portion of that sourced in foreign currencies and thus needing to be hedged.
With this in mind some Lenders have signalled an increase to their home loan rates. This article will run you through the latest news on the home loan as at February 2019.Read More
The ACCC found that existing customers pay more for their home loans. Quite a bit more in fact.
As at June 30, 2018, existing customers were paying interest rates that on average were 32 basis points higher than new customers. This is equal to more than one typical Reserve Bank rate increase.
The ACCC found a borrower with an average sized mortgage could save around $850 a year by getting the same rate as a new customer. This figure is quoted on an Australia wide basis. For a typical Sydney mortgage, the savings could add up to tens of thousands of dollars over the life of the loan.Read More
We have used Liz as our mortgage broker for many years. We have refinanced many time and Liz always gets us the best rate. On... read more -
When I refinanced from State Custodian to CBA last year with Andi's help, I got very competitive rates. Andi was willing to travel more than... read more -
Such a great experience! From the very first meeting Liz clearly communicated with us and gave us excellent advice. She is very quick to respond... read more -
With all difficulties and pressure , the person made us go through it was Norman.
He was amazing and he helped us even when he... read more -
My partner, Daniel and I couldn't be happier with the exceptional service we received from our our broker, Liz Zaki. Liz went above and beyond... read more -
Liz was extremely helpful with my recent investment property purchase. She was very efficient and organised. My loan application was approved on time and she... read more -
Liz has made the entire process of getting a loan to be hassle free and as easy as it can be. Her dedication and... read more -
Liz is an amazing Mortgage Broker.
5 stars doesn't do justice to the service that Liz and her team have provided.
Through a challenging construction... read more -
Norman is one of the most professional broker we've ever known. He has assisted in planning since the beginning and has been patiently answered our... read more -
I've worked professionally with Liz from OneSite Finance in the past, and she was always reliable and attentive. I was impressed with her manner and... read more -
Liz was absolutely fantastic helping me get my first home. She was recommended to me and by far one of the best decisions I could... read more -
Liz has been amazing and so supportive of my husband and I on our journey to home ownership. We first made contact with Liz about... read more -
Liz has been our mortgage broker since 2012. We appreciate her help in getting us the loan for our various property purchases, restructuring our loans... read more -
Norman really took the stress out of the whole home loan process. Our circumstances were not straight forward so we found it incredibly frustrating trying... read more -
I found OneSite through an online search as I wasn’t happy with the previous mortgage broker I engaged to buy my first home. Liz and... read more -