Self-Managed Super Fund for Investment Property has been rising lately here at Mortgage World Australia. Our clients, on the advice of their accountant or their financial planner, get in touch with us about how much they can borrow to invest in property through their Self-Managed Super Fund. From a lending point of view, the number…
How Can I Get A Home Loan While On Parental Leave? A client, Tracy and Nathan, had come to me and were looking to refinance their home loan. There’s nothing unusual in that, except that they had just had their first baby. Tracy was on maternity leave which meant that they were looking for ways…
During the Covid years when interest rates were low, a lot of investors and buyers put down a deposit on unregistered land with the idea that once the developer registered it, they could take advantage of record low interest rates and build a house as part of the development. Unfortunately, with the rates rising 4.25%…
Welcome to 2024. After all the rate rises we’ve had in the last two years, we’re all looking at our expenses a little differently. We are realising how much we are paying in interest, and that the only way to stop paying that interest and put it in our own pocket is to pay off…
8 Ways to Increase Your Borrowing Power Between rising real estate prices and interest rates, everyone’s borrowing power represents less purchasing power than it was a couple of years ago. Borrowing power is the calculation lenders do to make sure that you can afford to make the repayments on the loan you are applying for….
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…
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