Most mortgage holders haven’t changed their home loan in the last five to 10 years, even though their circumstances have most definitely changed in that time.
Largely that’s because there’s the perception that refinancing is a difficult process or because people think the deal they got at the time was good — it it ain’t broke, etc, etc, etc. The truth is that banks will readily increase their rates and let you know via email or their app and you can do the same to them! Continue reading “Why You Should Review Your Home Loan Each Year”
Buying a brand new home often means signing up to a house and land package, or if you’re buying into a townhouse or apartment complex, buying off the plan.
In both instances, however, it’s not quite as simple as it sounds, as no two house and land packages or off the plan purchases are ever the same.
Continue reading “What to Look For When You Buy a House and Land Package or Off the Plan”
With tighter prudential lending rules, people wishing to get onto the property ladder may find it harder than it was 12 months ago. (They might also find the high property prices in most Australian states a barrier, too.)
But a number of new fractional investment platforms aim to make it easier for investors to start a property portfolio and these options are available through an Australian company that’s listed on the ASX!
Continue reading “Get into Property with Friends Through Fractional Investing”
Once you’ve defined your search criteria and discovered great opportunities and then refined your list the next stage is purchase negotiation. Vendor’s sales agents are often skilled in the art of urgency and compression which means they’re total focus is on highest price and quickest sale, but not always in that order.
It’s good to have someone who can change the pace and begin negotiations based on your circumstances.
Continue reading “Purchase Negotiation and Settlement”
Newcastle property prices are relatively cheap
I moved to the Morisset peninsula so my family could have more time having fun in the backyard and pool. We live close to the lake, there are plenty of good schools, several shopping centres and property prices are increasing quickly.
Continue reading “Is Newcastle a cooler place to live than Sydney”
A property sales process tends to move quickly particularly when you are buying from an experienced real estate sales agent. It can also happen if you have all your finances and property checks in order and are able to move quickly yourself to secure a property.
The key consideration at this stage is that you find the best property that suits your needs and budget and that matches your criteria set in your goals!
Continue reading “Property Evaluation fine tunes the property buying funnel”
The Internet is NOT the Real World, it’s a Sales Agents World
If you’ve ever looked for property on the internet, then you know that very often things are not always what they seem. Bedrooms that appeared light and spacious online often turn out to be dark and cramped; lush gardens overgrown; that short distance to the local shops: a ten minute drive on a street signposted at 100km/hr.
Inspecting a property, especially if you intend to live in it, is an important part of the property buying process. Continue reading “Property Inspections, vetted by a buyers agent”
The toughest part of getting into the property market for a first home buyer is getting the deposit together. Most lenders require at least 20 percent — though tightened lending practices mean some lenders require more. But there are Government incentives and other ways to get into the property market, particularly in the Newcastle area.
Continue reading “First Home Buyers and Family Pledge Applications”
The Reserve Bank has kept the official cash rate at a record low of 1.5 percent, and while that doesn’t directly translate to lower interest rates on home loans, it’s still a good enough reason to see if you can get a better deal on your current loan. Here are some ways a mortgage broker can help more than your contact at your bank.
Continue reading “How To Get Your Lender to Lower Your Interest Rate?”
Many people think that finding the right property at the right price is the most difficult part of the process to property ownership. In fact, it’s securing the finance you need to buy the right property at the right price!
Previously, I wrote about a first home buyer on a single income, who changed mortgage brokers to get a better deal on her home loan [Single Income Family In Need of a First Home Loan?]. In that scenario, the applicant’s lender didn’t change — the broker did.
Continue reading “Home Loan Finance for a Construction Loan is Complex”