August 22, 2017
roi

How do I maximize ROI on an investment property?

 When purchasing an investment property, there are a number of factors that could increase or reduce your potential return on investment. In this case it’s not just location, the number of rental properties are available in the suburb or street that you are intended to purchase. Rental yield, capital growth, future potential infrastructure plans also can be few factors to be considered. When considering a property for investment purposes, the most important question to ask is ‘will be attractive to tenants?’.  But how do you know what will appeal to someone you’ve never met? Settling on a handful of locations […]
August 14, 2017
savings

Can I use Bridging loan or deposit bond?

When selling one property and purchasing another, the funds from the sale may not be available in time to use for the purchase deposit.  There are typically two options in this scenario: a bridging loan and a deposit bond. Bridging loan A bridging loan is a short-term home loan designed to allow you to initiate the purchase of a property before you have sold your previous one. Loan terms are often between 6 and 12 months and bridging loans generally have a higher interest rate than traditional home loans. This can be a great option but carries some risk. It’s […]
August 3, 2017
gchg

Why should I consider white-label loans?

When you think about a mortgage, majority of customers start to find out resource via online or social media. While you research about your requirement, you will find many advertisements pop up and distract. If you search about mortgages, you will se many ads from both major lenders and non-major lenders. As an independent Mortgage broker Melbourne, I have 30+ lenders in my lender panel. It covers both major and non-major lenders. As a prospect customer, you will compare your home loan over 600+ different products to find the most suitable product, which suits your objectives and requirements. A white-label […]
July 19, 2017
account

How offset and redraw accounts can save you money

“Risk comes from not knowing what you’re doing”- Warren Buffett.. Find the right mortgage product can be amazingly tough due to the high competition of the mortgage industry. “Offset” facility is one of the common terms we hear in the home loan industry. I find over 60% of refinance home loan clients have the offset facility. However, 40%-50% clients have got less than AUD 5000.00 to AUD 6000.00 in their savings accounts. Surprisingly, they have had the facility for years. It appears to me that many every day Aussies unsure how the facility functions. This blog explains the difference between […]
July 4, 2017
mortgage

How to avoid paying too much for a home

As result of latest stamp duty savings, I believe there will be more first home-buyers will be able to seek for their first home to purchase. Let’s refresh about the basics of buying a first home. Knowing what a property is worth is central to avoiding paying too much for it.   Set a benchmark Comparing nearby properties that have sold recently is the best way to assess an acceptable price for the property you are looking at and provides a valuable bargaining tool when you are negotiating with a seller or agent. Make sure the properties are comparable, (Compare […]
June 20, 2017
savings

Do property investors need savings?

It appears to me later on, that most investors have not been paying much attention to latest changes in mortgage world. Specially if an investor seeking to purchase a property by using last dollar in their account, at this current environment it is a great risk. Valuation plays a major in a mortgage deal. It can be a real deal breaker in some instances. I find many clients not very keen to think about the valuation outcome can be very important. I have seen some people have to go through lots of hurdles to reimburse their deposit due to lower […]