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...
Amortisation...what is it?
Amortisation: To pay off principle and interest under a loan over a period of time. Amortisation is the actual function of repaying your...
How do equity home loans work?
When we talk about an equity home loan today, we are referring to a line of credit, or a loan where you can easily access money right up...
Does the First Home Owners Grant still exist?
The First Home Owners Grant was introduced to offset the cost of the GST in home prices – obviously this only applied to new homes being...
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...
Budget....is not a dirty word
How many of us know what it actually costs us to run our lives? Such a simple thing but the answer is often unknown, I am inviting you to...
6 rules for self employed borrowers
Self Employed borrowers tend to have complicated structures and accounts, and because they legitimately incur expenses in the course of...
Does property double every 7-10 years?
“Sydney property, on average, doubles in value every 7-10 years.” That’s the cry of every property spruiker nationwide. And inevitably...
Have you ever wondered how valuations work?
What’s your property really worth? If you’re in the market to sell or you want to refinance you will want to know what your home is...
