How much do I need as a deposit?

We get asked that question so often as brokers and there’s not a simple blanket answer that fits. First of all – that amount will vary as a percentage of the price of what you want to pay based on whether you’re going to live in the property or buy as an investment. That’s question number 1. For the purposes of this article – let’s imagine you’re buying a property to live in. For further simplicity, let’s say it’s your first home (this is the when we’re most often asked this question).

Read More | 29 Jan, 2017

Multiple offers? What to do to stand out in a crowd.

As real estate markets heat up (as is happening in Tassie right now) buyers find themselves in multiple offer situations more and more often. It can make the already stressful situation of buying a home (especially if it’s your first!) that little more nerve wracking. Given that, we thought this handy list might give you some guidance on some options for a multiple offer situation and hopefully some innovative ways to make your offer stand above the rest.

Read More | 11 Jan, 2017

What Do I Need To Know About Debt Consolidation?

Not to confuse it with debt elimination.
If you’re swamped with credit card debt and personal loans, it can sometimes help to talk to a professional about debt consolidation. However, you need to be wary. You might end up paying more in the long term and/or reduce the equity in your home.

Read More | 12 Sep, 2016

What time frame for finance?

One reason you have a broker – is for their advice. We work with banks all day every day and we know which ones are running fast and which ones are running slowly with their approval time frames. As much as we’d always like to put you with a faster bank – we also want to find you one that will suit your needs, approve your loan and offer you a great rate to suit. There’s a lot to consider!

Read More | 13 May, 2016

What information should you have ready to see a broker?

Ideally – you should gather up:  – your last 2 x pay slips (last 2 years personal and business returns if you’re self employed – 1 year if that’s all you have)  – your driver’s license and then have a good understanding of what your current debt situation is:  – what are the limits on your credit cards (yes, even ones you don’t use like that interest free […]

Read More | 26 Mar, 2016

The First Home Buyer’s Saving Secret

Saving for a home loan or mortgage isn’t glamorous but it has to be done (unless you have a large non repayable gift or have the option of using equity in a direct relative’s home). So here are some savings tips for first home buyers to help get you into the property market.

Read More | 23 Mar, 2015

Comparison Rates

Comparing apples with oranges doesn’t make sense. To make finding the right loan easier, and to make advertised rates as transparent as possible, we have comparison rates.
You’re looking for the best mortgage deal and you see an ad. It shouts “˜3.8% INTEREST!’ and, underneath that seemingly too-good-to-be-true rate, “˜7.9% comparison rate’. What does this mean?

Read More | 17 Mar, 2015