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…
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…
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…
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. …
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…
Understanding Lender’s Mortgage Insurance Policies As a rule, if you don’t have a 20% deposit in savings, then your bank will ask you to pay Lender’s Mortgage Insurance (LMI) when you buy a home. This is why so many of us need to dutifully save up our 20% deposit to buy our first home. If…
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