The low-down on car finance

Just like home buying, purchasing a new car is always an exciting step in life. You’ve done your research and due diligence, you’ve read all the reviews of the car you want to buy, and you’ve begun seeing a lot more of that car on the streets. You haggle with the car salesman, and once…

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5 MYTHS ABOUT GETTING YOUR HOME LOAN DIRECT FROM A BANK

When it comes to getting a home loan, there’s a few myths that persist regarding whether you’re better off going direct to the bank or using a mortgage broker. I’ve written elsewhere about why you’re better off going with a broker, but here are some common myths about going direct to a bank. 1. It…

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Why you lose when you’re loyal

Loyalty, one of the best traits to have in a friend, is one of the worst you can have when you’re dealing with any kind of financial institution. Loyalty will mean you pay more than the next person, and don’t get anything extra for it. When you sign up with a new insurer or bank,…

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So you want to be a property investor?

If you’ve ever played Monopoly, you know that having a lot of property goes a long way towards ensuring your wealth. But unlike Monopoly, it’s easy to underestimate just how hard you need to work to build a property portfolio that actually works and isn’t leveraged with debt to the eyeballs. For many would-be investors,…

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Lowering the assessment rate: What does it mean for you?

Brokers around Australia breathed a collective sigh of relief recently as ANZ became the first major bank to lower their assessment rate. As they bravely took the plunge where no lender had recently, others began to follow suit. Due to a variety of factors, the last few years had seen banks systematically tightening credit, so…

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Living expenses. Invasive or instrumental?

Living expenses. Invasive or instrumental?

For anyone who has applied for a loan in the last 18 months or so, you may have been surprised by the sheer amount of intrusion into what you feel are your private spending habits. In an existing era, it seemed as if just having a pulse was the pre-requisite for obtaining a home loan.…

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Guarantor loans – What’s the Go?

You want to ask your parents to go guarantor for you, but what do you need to know? Guarantor loans are a handy way to get started on the property ladder. In an era of increasing property prices and the corresponding increase in deposit sizes needed, they are the quickest way to get your foot…

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Good News at Last!!

It seems that in the broking industry, we have been steadily getting used to hearing bad news. Whenever there is industry change, instead of expecting something upbeat and positive, we automatically assume that any changes, particularly when it comes to lender policy, are going to make things more difficult, both for us, and for anyone…

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5 Easy Ways To Take The Stress Out Of Buying A Home

5 Easy Ways To Take The Stress Out Of Buying A Home

1. Start looking at properties 3 months before you seriously want to buy Getting pre-approval is going to answer most of the questions you’ll have when you’re about to buy a place. How much can you afford? What deposit do you need? What will your repayments be if you buy a house for a certain…

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