450,000 Mortgages Are Still On Really Low Fixed Rates And Resetting This Year Is your fixed rate coming to an end? – here’s how to ‘soften the landing.’ According to the RBA, some 450,000 mortgages on those really low fixed rates will reset in 2024. At this stage the longer the fixed rate the bigger…
Self-Managed Super Funds and Investment Property (Yes it is possible) The Mortgage World Australia team helps a fair few of our clients with investment finance and quite a few clients also have a Self-Managed Super Fund (SMSF). Their logic usually goes along the lines of the stock market has its ‘ups and downs,’ and the…
3 Pitfalls With Construction Loans: Big traps for first home buyers! Construction loans are a tricky thing, especially for first home buyers to get right. We do a lot of construction loans here at Mortgage World Australia and I can say from personal experience that even more experienced buyers slip up from time to time….
A Bridging Loan Story: Don’t Take ‘No’ For An Answer Robbie and Margaret had just bought a block of land and were looking to build on it. They already owned their own home and were in the process of paying it off. Obviously, they wanted to continue to live in that home until their new…
What Are The Steps To Buying A Property Through A Self-Managed Super Fund (SMSF)? The team here at Mortgage World Australia does a lot of loans for investors. They also buy real estate through their self-managed super funds. So we do a lot of SMSF loans. The reasons one might be buying a property with…
5 Borrowing Myths: Busted. I don’t know if you remember the show ‘Mythbusters,’ where they took urban legends and put them up to the test to see if they were real. Recently I had a prospective client ring up and ask if I could get him a home loan while he was on probation at…
Choosing the Right Lender to Get the Right Valuation: How The Valuer Determines If Your Loan Is Approved (And What We Can Do About It) Most times Mortgage World Australia puts a loan application in for a client, the lender will carry out some sort of valuation on the property. When a client is refinancing…
The Most Common Reason That You Can’t Get The Best Interest Rate. One of my team members pointed out to me the other day that according to Equifax, 40% of the credit active population have a credit score of ‘average’ or ‘below average’ – a single default will place a consumer in this category. Another…
The Mortgage Brokers Guide on How to Upsize into a Bigger House (Without all the stress and effort) Recently a few clients got in touch, basically asking the same question. They’d like to move to a bigger house and they wanted to know what the smoothest path was from a financing perspective. There are two…
Some good news as Mortgage Prisoners can now Breakfree! Recently we discussed the ‘simple application process’ for refinances. The one where “as long as your repayment was going to be lower than your current one” you could potentially refinance your mortgage after meeting a less stringent serviceability assessment (some other terms and conditions had to be…
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