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Feb 2023
Mutilender strategy
Most seasoned property investors are known for having multiple lenders for their property portfolio. There are a few benefits to not having all the loans with the same lender, which include: Competitive interest rates: By shopping around for a new lender each time you get a property, you may be able to secure a better interest rate than if you stick with the same lender....
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12
Feb 2023Top 5 things to keep in mind when applying for a loan pre-approval
There are several key points associated with pre-approvals, including the following: Credit score impact: Applying for pre-approval can result in a hard inquiry on your credit report, which can temporarily lower your credit score. Rate lock expiration: Pre-approval often comes with a rate lock, which guarantees a certain interest rate for a specific period of time. If the loan does not close within that time...
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07
Feb 2023Commercial Property
Investing in commercial real estate in Australia can be a great way to diversify your investment portfolio and potentially earn a steady income through rental income and capital appreciation. However, it’s important to be aware of the opportunities and challenges that come with investing in commercial property. Opportunities Steady rental income: Commercial properties, such as office buildings, retail centers and industrial properties, are typically leased...
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30
Jan 2023Buying land off the plan
Buying land off the plan with a long settlement date can be a great way to secure a property at today’s prices, but it’s important to weigh the pros and cons before making a decision. Pros: Price advantage: One of the biggest advantages of buying land off the plan is that you can secure a property at today’s prices, even if the land may not...
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23
Jan 2023Interest Only Home Loans
Interest-only home loans have become increasingly popular in Australia in recent years, but is this type of loan right for you? In this blog post, we will explore the pros and cons of interest-only home loans to help you make an informed decision. Pros: Lower Repayments: Interest-only home loans have lower repayments than principal and interest loans. This can make it easier to afford a...
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18
Jan 2023
When it comes to home loans, there are a few different features that borrowers can take advantage of to make repaying their loan easier and more manageable. Two of these features are redraw and offset accounts. While both can be beneficial, they work in different ways and are suited to different types of borrowers. Redraw Feature A redraw feature allows borrowers to access any extra...
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17
Jan 2023Buying an investment property with a friend
Buying a property with friends can be a great way to enter the real estate market, but it’s important to understand the potential risks and benefits before making a decision. Pros: Share financial burden: When buying a property with friends, the cost of the mortgage, taxes, and maintenance is shared among all parties, which can make it more affordable for everyone. Greater buying power: By...
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17
Jan 2023Property investment can be very rewarding and historically has led to financial freedom for many, however one needs to be careful throughout the investment journey. Here are a few key mistakes we see people make when buying an investment property: Not researching the local market, property prices, rental demand and researching about the property itself is one of the biggest mistakes that people make. Not...
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02
Jun 2018Small Lenders vs The Big 4
It is common for the first home owners to start the discussion with getting a cheap interest rate without considering other factors that come into play while getting a loan approved. The general notion is that if you are able to get a good discount from one of the big banks, it is a win win situation- which is not entirely true. There are a...
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