SMSF Borrowing

The very first step if you’re keen to look at borrowing to purchase property in your SMSF is a good long conversation with your accountant and or financial planner. It’s not something that’s for everyone and here’s a quick checklist to see if it might be right for you: Do you have at least $200,000 in super to establish an SMSF (ASIC recommends that no less than that […]

Read More | 12 Sep, 2018

Where should your extra savings go when you have a mortgage?

When a bank assesses your ability to repay a mortgage the assessment rate it’s higher than the actual interest rate. So for example, if your home loan interest rate is 4.00% the bank may be looking to see if you can repay 7.25% or even 8%!  Now what that means for the bank, is that they are being conservative and also allowing for interest rates to rise (which […]

Read More | 22 Aug, 2018

Buying from a family member under market value? You could be making a ‘Favourable Purchase’

When you’re buying property from a family member, there are times when you might be getting it for a lower than market price. Ahh”¦ family! This can be really helpful for you if you deal with a broker who gives you the rundown on what a “favourable purchase” means and which banks will consider this. Let’s take my clients from a few years ago – let’s call them […]

Read More | 25 Jun, 2018

How do I know what to offer?

This is an all too common question we get asked, and of course, as you know when you ask it – we can’t answer it for you. But we can give you some guidance. I always say that when you’re making an offer on a property it should feel exciting, perhaps daunting, there should be butterflies in your stomach – BUT – it shouldn’t make you feel sick […]

Read More | 01 Mar, 2018

What I say when asked… ‘Why would I use a Mortgage Broker?’

While we’re extremely fortunate and proud to have some incredible clients who absolutely love to answer this question on our behalf, we also love to let people know what we do and why we want to help you. Firstly, we don’t charge for our services.  Our fees are paid by the lender but only once we have found you a fantastic option for your situation.  Over 50% of […]

Read More | 22 Feb, 2018

Assessment Rates, Building a Buffer and a Feeling of Safety

Interest rates are low right now – like historically record low rates. Which is awesome if you’re looking at buying a home. But unlike other countries where you can lock in the same low rate for the life of your loan (yes, it happens!) here in Australia – you’ve either got a variable home loan rate that goes up or down with the market or you can fix for a few years.

Read More | 06 Jan, 2018