How does this differ from purchasing through a real estate agent? Great question, and in most ways it won’t differ at all. Read through this blog to get started: https://www.uploans.com.au/blog/2018/12/19/backtobasics/ Remembering that two key points are: Get us to do some research for you (email us the property address) It’s GREAT if you’re already pre-approved, if not a 21 day finance clause is advisable Now the part where […]

When it comes to debt, the unfortunately reality is – the worse it is for you, usually the easier it is to get! Credit cards, interest free, afterpay, zip pay, personal loans – all typically quite easy to get, all used to buy things which go down in value and they all can impact your ability to get a home loan and your credit score.  Things to be […]

“Unconditional” is a word you’ll hear your solicitor or conveyancer and real estate agent use when you have no conditions left to fulfil before you confirm you’re going to purchase your property.  Typical conditions include:  Finance Building inspection Sale of another property Due diligence But there can be many others as well.  Unconditional effectively means – you have no other conditions and you are confirming you are going […]

These days most banks offer two main types of products:  Basic home loans Usually are a home loan with the following features: –  a low or zero cost set up fee ($0 – $600) –  a low variable rate read this article–  no ongoing monthly or annual fees –  most have redraw options but no offset facilities  Pros:  no ongoing costs you can put extra funds into the home loan to […]

When you own one property with a significant amount of equity, there is often a way to use that equity to purchase a second (or third or fourth etc).  And there are two main ways to go about doing this.  Cross collateralising This can often seem like the most simple solution and it is very commonly the strategy put forward by banks. You use the overall value in […]

1. Get pre-approved Firstly – the VERY best way to make an offer on a property is to be pre-approved so you have an understanding of what the bank you’re going to go with thinks your borrowing capacity is. Your broker can help you start the pre-approval process so you can make an offer with confidence about your ability to get a loan (and then it’s mostly down […]

We’ll always recommend you schedule a pre-settlement inspection on a property you’re buying about 2-3 days prior to settlement day (sometimes closer if furnishings haven’t ben removed). You can do this by booking in with the agent you purchased from, or if you’ve purchased privately – directly with the owners of the property. What are you looking for? Well – most of the time you’re just looking for […]

You’ve just bought your new investment property – wohoo!!  You’ve worked out your rental return, you have an awesome property manager (hopefully!), wouldn’t it be great if you could have a tenant day one of you owning the property to go along with that winning combination? There’s two simple clauses your solicitor or conveyancer can help you word up and insert into your contact which can help with that: […]

In many situations when I’m working with a buyer with a low loan size and no strong need for a package option with the banks  – I’ll often recommend a basic home loan. The contrast to this is the package options that many banks offer that come typically with offset facilities and an annual fee – usually around $395 per year at the time of writing. If however […]

Here are some handy hints. Get your property manager sorted before you find the property. In fact, as early as you can in the process. Your property manager can be an amazing guide as to what to look for and why to avoid some properties or areas based on the type of tenant you’ll attract. A good one will talk you through the pros and cons of any […]