Going through a Separation / Divorce or Property Settlement?

Here’s what you need to keep in mind from a finance perspective. You can absolutely talk to a mortgage broker early in the piece. We’re here to help. When you make arrangements to take over an existing property owned in dual names remember: It’s best if you have spoken to a broker first or gotten pre-approved so you have an understanding of your borrowing capacity. While a broker […]

Read More | 07 Jan, 2021

Will a change in jobs mean I can’t get a home loan for longer?

Here’s the email I received just now: “Hi Kirsty, I wanted to reach out and get your opinion. I am considering changing jobs but am not sure if this will impact me being approved for a home loan, I have been told I would have to show pay slips for the last 6 months from the one employer. I’m not sure if this is correct & this would obviously impact […]

Read More | 21 Dec, 2020

Eating Redraw

I will sometimes talk with clients about ‘eating redraw’ and they generally look at me like I’ve asked them to eat a budgie. OK – that’s a little too close to home given a budgie is sitting on my shoulder as I write this! But here’s a little video to go over what I mean. Often I’ll use this strategy in conjunction with the option not to cross […]

Read More | 27 Nov, 2020

How to screen print your mortgage for your annual check up. 

For us to do your annual check up effectively by phone or email we need to see what you can see! Here are the simple steps to sending us what we need for your annual check up. Log into your internet banking on a computer (I know, I know, phones are so easy!) but they don’t always have the exact information we require. You want to screen print […]

Read More | 16 Nov, 2020

The Five Biggest Myths in Property Investment Today

  Ahh property. The great Australian talking topic where addictions to checking www.realestate.com.au are growing by the minute! But why then do most property investors never get past investment property #1? I suspect it’s because we don’t learn about investing (in any formal way) in our education and because the process of purchasing multiple investment properties isn’t made easy by the following myths that I’d like to dispel. […]

Read More | 09 Nov, 2020

Here’s a quick way to estimate your profits from sale

Note, we can’t do this for you, it’s important you do this and seek appropriate advice on costs. This will help us get a pre-approval or estimate ready for you of your borrowing capacity. It’s also important to not estimate high, if you think you might sell for $380,000 but you’d be prepared to sell for $360,000 – estimate lower etc. Here are the figures you want to […]

Read More | 15 Oct, 2020

What to say when you call the lender to ask for a rate reduction?

If you’re our client and we set up your loan, 95% of the time we’ll be able to do this for you, but sometimes – when we didn’t set up your original loan – or if the lender doesn’t allow it you may need to make this call yourself. Here’s a little how to on how to make it feel less stressful! Oftentimes downloading or requesting a discharge […]

Read More | 14 Sep, 2020

What is Notional Rent?

If you live rent free, say at home etc, most banks will still factor in a figure for your rental payments, even if you don’t have to make any! Weird right. You don’t pay rent, but the bank pretend you do – why is it so? Well, under responsible lending, the bank have to treat your situation as though it could be a worse case scenario. So let’s say you’re buying a block […]

Read More | 09 Sep, 2020