Blog
Home Loan Special Offers – June 2018
The home loan market is always evolving. Lenders are constantly adding new products to entice customers and build their market share in different niches. This blog post will run you through the different specials that are currently available on the market.
Lenders are currently trying to transition Borrowers towards Principle and Interest Loans.
With that in mind, there are number of offers aimed at different segments of the market from First Home Buyers to Sophisticated Investors with both variable and fixed rate options to choose from.
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Rental Properties and Tax
Do you have one or more rental properties?
Are you thinking of purchasing an investment property now that the heat is starting to come out of the market?
Are you, like a lot of people in Sydney trying get on the property ladder by buying your first property as an investment then converting it to your main residence later on?
The ATO has changed some of the rules around what you can and can not claim as tax a deduction when it comes to the expenses incurred when you purchase and own a rental property.
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The Family Factor: Should You Buy Property With a Loved One?
Purchasing a property with a loved one can be a great way to enter to the property market, but taking on such a large financial responsibility with someone else does come with risks.
This article will discuss some of the pros and cons you need to consider before you both sign your names on the purchase contract.
On the one hand, buying with another person gives you more options when you’re finding a property. As the old saying goes, 2 hands are better than one. On the other hand, life happens. You are effectively signing up for the loved one’s portion of the debt if they can’t pay it.
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Home Loan Lender Specials – March 2018
The home loan market is always evolving. Lenders are constantly adding new products to entice customers and build their market share in different niches. This blog post will run you through the different specials that are currently available on the market.
Lenders are currently trying to grow their share of owner occupied Loans.
With that in mind, there are number of offers aimed at First Home Buyers and Owner Occupiers to entice them away from their existing lenders.
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Home Loan Post Settlement Tips
Here are 5 simple tips to help get you set up once your loan settles.
1. Contact your Mortgage Broker prior to the expiry of any fixed interest or interest only period – to research your options.
2. If you used to rent out the property as investment and are moving in, contact your Mortgage Broker. You can get a much cheaper rate for changing to an owner occupied loan product.
3. Ask your Broker for an annual home loan review. See if there’s a better loan product.
4. Check internet banking regularly to ensure loan transactions, notifications and repayments are all OK.
5. Don’t forget to change your mailing address after settlement.
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5 Tips To Reduce Your Home Loan Interest Rate
Here are 5 simple tips to help you get a reduction on your home loan interest rate.
1. Switch to Principle and Interest and pay your loan off faster.
2. Owner Occupiers qualify for lower rates. Have you moved into a property you bought as an investment?
3. Negotiate With Your Current Lender. Lenders would rather give you a discount than see you leave.
4. Switch Loan Products. Newer, better products come out all the time. It’s always well worth looking to see if there’s something more suitable out there.
5. Property Revaluation. An increase in the value of your property may come with a big interest discount.
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