Offset accounts and Redraw Facilities Offset accounts and redraw facilities are two home loan features that use any extra income or savings to reduce the balance of your loan. Which in turn, reduces your interest repayments which can help you to save thousands of dollars over the life of your loan. But while there are […]
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How your job profession can save you money on your home loan When it comes to saving on your mortgage, some of you may not have to look any further than your job. If your job is a profession that classifies you as a ‘low risk’ borrower in the eyes of lenders, then you may […]
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Some professions like Veterinarys, Dentists, Physiopherapists, Accountants, Lawyers and others can get home loan discounts, or particular loan types without fees, based on their professions. The benefits differ depending on specific professions. It depends on what industry the lenders decide to target as it’s a constantly changing situation, so what’s here today may not be around […]
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My client brought vacant commercial land in Bentley Park for $250,000-00 and signed a building contract to build a warehouse for $448,286-00. Unfortunately the valuation for the lender was returned lower at $590,000-00 not the inspected $700,000-00
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Are interest rates going to continue to rise? Economists believe that interest rates will rise, although the notes from the meeting in July by the Reserve Bank of Australia (RBA) revealing that the neutral real interest rate is 3.5% which is 200 basis points higher than the current rate of 1.5% will not be the […]
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I saved my client $32,095-00 by ordering another valuation. I have had two valuations done on the same property by two different valuers and one valuation was $800,000-00 and the other was $900,000-00. One through his existing Bank and one through another lender. If he wanted to borrow $720,000-00 he would have paid approximately $18,687-12 […]
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If you are like me, when the wife decided to have another child and a larger place, the last thing you need to worry about is whether or not a lender will approve your home loan while on maternity leave. From a lender’s perspective, approving a maternity leave home loan represents a large risk, as […]
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All you have to do is take out a Home Loan, Business Loan or Equipment Finance with Loan Broker to the Aussie Battlers from our panel of over 30 of Australia’s leading lenders and you will receive access to the Home Loans rewards benefits. So apart from finding you the Loan to suit your […]
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I was approached by a 20 year old Casual Kitchen hand who had been declined finance. He had only been working for 6 months with a company but had been working in the same industry for 2 years. He had approximately $10,000 in savings and wished to purchase a house worth $275,000-00.
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How Do I Pay Off My Mortgage Sooner? Pay more, more often. Want to pay off your mortgage early? Then make bigger mortgage repayments, more frequently. You’ll own your own home sooner and save a bundle on interest. E.g. paying an extra $10 per week on a $350,000 home loan (@7% average) saves nearly two […]
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