Real estate agents are reporting that they've seen a big increase in the number of properties listed in the last three months. Surprisingly, many of them, particularly in Brisbane and Hobart, have only been in the hands of the current owners for less than three years. Many are being sold by first home buyers and investors. Sadly this is one of the impacts of [...]
If you have a mortgage, you're going to well and truly be feeling the impact of these interest rate rises that we're currently experiencing. But if you don't have a mortgage and you're hoping to buy soon or if you're planning to upgrade your home and increase your mortgage, the rising interest rate will have an impact on your borrowing capacity that you [...]
It can be hard work to find the right home loan for your circumstances. So where do you start? 1. Firstly, decide what “right” means for you. Do you want flexibility to make additional repayments or security of the same repayment every month? Do you want an offset account or just the bare minimum features at the cheapest rate? 2. Consider your long term [...]
There are lots of answers to this question, and I’m a little biased, but the main reason is that we don’t have a preference over where you borrow your money from - we’re more concerned with matching the loan to YOUR needs. When you go to your bank, they have a great knowledge of the products they’re offering. They know their limits, their guidelines [...]
The first thing to do when interest rates rise is to stay calm. It's OK. We've got you. Rates increases are inevitable - especially after over eleven years of status quo with record lows and no increases from the RBA. So yesterday’s increase of 0.5%, taking the base rate to 0.85% is no surprise. Economists are predicting that the cash rate will rise to [...]
If you want to buy a home before Christmas, you'd better get your skates on! With the standard 6 week settlement, this weekend is shaping up to huge for auctions with home owners wanting to move in before Christmas. Just as importantly, you really need to have your finance in place because lenders (and brokers) just can't make magic happen overnight. Some banks have [...]
To say that I'm proud of my team and the business I've built is an understatement. It's been hard work but so very rewarding in so many ways. This week our excellence has been recognised once again. We are finalists in the Australian Broking Awards 2021 for "Customer Service of the Year" and one of my team for "Loan Administrator of the Year". These [...]
I was going through some old files the other day and came across a statement that really made me change the way I think about my business, my team, the service we provide and how we can help you. The statement is “don’t tell me about your fertiliser, tell me about my lawn”. I don’t know who said it first or where the saying [...]
The aim of securing the “right” mortgage is always about getting the best combination of rates and features to suit the borrower. For some, this will be getting the absolute lowest interest rate because the aim is to pay the mortgage off asap. No bells, no whistles, just the cheapest rate. For others, they may be willing to pay a little more so they [...]
There are big milestones in life like finishing school/uni, getting a job, getting married, buying our first home. We often focus on the actual event, not what happens afterwards. So what happens once you’ve signed the sale contract and the mortgage documents? Firstly, there’s the excitement of moving into your new home. What improvements are you going to make? How will you furnish it? [...]
