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Good Time To Refinance….

Over the years I have helped hundreds of people manage their finances and find the right home loan. I’m often asked if there are other options for repaying your mortgage rather than the traditional monthly repayment schedule. There are some lenders who offer a weekly or fortnightly option and this can be great for those…

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Looking to increase the value of your home?

Three ways to fund a renovation Considering transforming your home from ‘ordinary’ to ‘extraordinary’, but lack the funds to support your makeover? Never fear, we’ve rounded up three home renovation finance options that could help turn your dream into reality. 1 Equity Release / Top Up Home Loan This is probably the most common way…

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Purchasers – can a guarantor help you out?

Saving for a house deposit can be a daunting task and if you’re paying rent whilst you save, it can feel impossible. Worst of all, while you scrimp every dollar, house prices may be skyrocketing and you know you are missing out on potential capital growth. But if you have a family member with equity…

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What comes first: the property or the loan?

It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan. Looking for a property to purchase is an exciting time. Choices regarding location, size, number…

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Are Interest Only Loans A Good Idea?

Research released by the Australian Prudential Regulation Authority (APRA) at the end of last year showed that Interest Only loans are becoming increasingly popular, now making up almost 40% of all residential home loans. What are ‘interest only’ loans? Mortgage repayments are generally made up two components – the principal (the sum you’ve borrowed) plus…

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When should I refinance my loan?

Refinancing your loan is when you move your home loan from one lender to another. Many things may prompt this: Being unhappy with your current lender either due to the service they are providing or the rate they are offering. To help facilitate an investment property by accessing equity. To fund a big ticket item…

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Offset Vs Redraw

An offset account is a transaction account that is linked to your home loan that has normal transaction account functionality. The benefit is that the money in your account is offset daily against your loan balance, and this will reduce the interest charged accordingly. A redraw facility is a feature that enables you to withdraw…

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