LVR - Loan to Value Ratio
Loan to Value Ratio (LVR): The percentage of the value of the property that you propose to borrow. Why is this important? Well if you are...
Interest only loans
Interest-Only Loan: Under an interest-only loan, usually the borrower makes no principal repayments. The repayments are for the amount of...
Equity...the bit of property you own!
Equity: The value which an owner has in an asset over and above the debt against it. Eg the difference between the value of a property...
Understanding capital gains tax
Lets talk about investing and capital gains tax The number one reason I hear for not investing in property is “I don’t want to pay...
Bridging Finance...how does it work?
Bridging Finance: A loan taken where the purchaser wishes to buy a new property before selling their existing property. The lender will...
Break costs...explained
Break costs: A cost incurred for paying out a loan balance on a fixed term loan before the term has expired. In shorthand these are a...
What does refinance a loan mean?
To refinance a loan means (often) to switch provider or lender in order to get a better interest rate and save money. This works because...
Do I need a preapproval?
Do I need a preapproval? A home loan pre-approval basically says “here you go, you can borrow this much, according to our borrowing...
Changing jobs - reader question
This comes up so often, lets have a quick chat about changing jobs right before you buy, anything. A reader question: “Just wondering if...