It’s not that hard to work out your borrowing capacity. How much can I borrow? The factors that lenders take into consideration in determining your borrowing limit are: Net income How much do you clear? Will you have one salary or two? Do you have other sources of income? Stability of income Are you in full-time work? How long have…read more →
When you take out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan. home loan application fees Most lenders charge a home loan application fee. This can range from loan to loan, and covers: Legal contracts Property title…read more →
Australia’s population is about to tick past the 23 million mark as the country continues to grow at the fastest rate in the developed world. The Australian Bureau of Statistics population counter will tick over to 23 million at 9.57pm. Social researchers say the milestone baby will – statistically – be a boy called Jack. Odds suggest his mother will…read more →
Knowing when to begin developing a property portfolio is often harder than knowing how to begin a property portfolio. Entering the investment market is typically done in one of two ways – either by saving for a deposit and buying an investment property as your first property in exactly the same way you would buy a home, or by leveraging…read more →
Benefits Lower or alternative deposits – meaning you can use a lower cash deposit, a bank guarantee or a deposit bond Maximum tax advantages Stamp duty savings in some states Redesign possibilities Long settlement, which allows potential for capital growth If settlement is longer than 12 months, then often a revaluation at the current market price can allow 100% finance….read more →
About them 1. Are you a property investor (if so, how many properties and where)? 2. How many people do you manage funds for? 3. How many properties have you managed to date? 4. How will you assess my risk profile? 5. What do you base your research on and how often do you update it? About their clients 6….read more →
On a rainy weekend that was the first big test for this year’s property market, with more than 500 houses and apartments going under the hammer, the inner west came up trumps. It’s now the undisputed hot spot for everyone from first home buyers to upgraders and investors. Just-released data from the Fairfax-owned Australian Property Monitors shows that 14 inner-west…read more →
While the ‘official’ auction season may have come to an end, there are some good opportunities for investors who follow the right advice and keep astute on looking for deals. Those shelving their property plans over Christmas are missing out on prospects, says chair of Property Investment Professionals of Australia (PIPA), Ben Kingsley. Heading out this weekend and keeping an…read more →
Hundreds. The key is finding the right one for you. If you don’t know a lot about the mortgage market you might decide to go with a basic home loan. But for many people this wouldn’t be the most appropriate option. Here we look at just some of the more common home loan & mortgage options: Basic home loan Honeymoon…read more →
Reduce your credit card limit. Most people know that reducing their debts can increase their borrowing limit. But did you know that lowering your credit card limit can increase your borrowing capacity? Lenders don’t like risk In working out how much you can borrow, lenders determine the likelihood that you might default on the repayments. In performing this risk assessment,…read more →
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