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…
What is Best Interests Duty For Mortgage Brokers? And Why Does it matter? Best Interests Duty for mortgage brokers came into effect on January 1, 2021. The small and the short of it – mortgage brokers are now required by law to always act in the best interests of their clients and to put their…
Comprehensive Credit Reporting: How You Get Judged For A Home Loan Has Changed (Probably For The Better) Every time you apply for any type of loan, the lender reviews your credit report – you see ‘get your free credit report’ advertised all the time on TV or on social media. This report is one of…
Designing Wealth: How Innovative Renovation Strategies Fuel Property Flipping Success Property flipping has become an increasingly popular investment strategy in Australia, and for good reason. With the potential for substantial profits over a short time period, it’s no surprise that many investors look to the property market as a powerful tool for generating capital gains. …
Due to recent global events that led to a decline in the Housing Market, clients would come up to us and ask ‘How does an Equity Loan Work?’ or ‘How can I take advantage of the Equity in my home’? Over the last few months I have had a number of clients come to…
Stop Paying More For Being Loyal, Avoid Loyalty Tax on Home Loans! We are all taught that businesses should reward their most loyal customers. Stick with them through thick and thin and they’ll look after you… Sadly one sector that seems to have ignored this piece of advice is our own banks – they’re actively…
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