Posts from June 2009.
If you are working in the mining industry, Loan Market Mandurah Mortgage Broker, Troy Miller, understands that finding the time to search out the right home loan can be hard to come by.
"Mining industry employees often work longer than your standard nine to five office hours and that can make it difficult for them to take that step into property purchase," Mr Miller said.
But there are options available to help you find the right home loan, according to Mr Miller.
"Finding a good mortgage broker to do the research for you is really the key.
"A good mortgage ...
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Categories: Mortgage Brokers. Tags: Mandurah, Mining Industry, Mortgage Broker, Overseas Borrowers, Purchase Property Off-the-plan, Self Employed, Troy Miller.
Tax cuts due to take effect on July 1 this year may offer some mortgage holders the opportunity to make additional home loan repayments and reduce their mortgage faster.
The tax cuts will lift the 30 per cent threshold from $34,000 to $35,000, reduce the 40 per cent rate to 38 per cent and raise the maximum low-income offset from $1200 to $1350. this means that people earning up to $67,500 will be entitled to some offset, according to an article in The Australian today.
For those receiving a tax cut, directing any additional money into your mortgage ...
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Categories: Finance News. Tags: Home Loan, Interest Rates, Mortgage, Pay off You Home Losn Faster, Tax Cuts.
The housing market is holding up well and providing opportunities for first home buyers and investors to purchase property at low interest rates, according to Loan Market Bondi Junction mortgage broker, Mark Marino.
The extension of the boost to the First Home Owners Grant in particular has provided first home buyers with additional backing when it comes to purchasing their first home.
"The Government incentives won't make or break you as a first home buyer but they can certainly help you reduce the overall costs you are liable for," said Mr Marino.
"Whether you choose to use it to ...
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Categories: Mortgage Brokers. Tags: Bondi Junction, First Home Buyer, First Home Owners Grant, Investors, Mortgage Broker, Property Inestors.
Loan Market Central Coast mortgage broker, Daryl Wright, says there are lots of smart ways of managing your mortgage that can save you time and money off your home loan.
Mortgage management is something that has come into particular focus as people look for ways to reduce their exposure to debt in the face of rising unemployment.
"Low interest rates make starting a properly mortgage management program easier, especially if you are on a variable home loan rate," Mr Wright said.
"The simplest thing you can do, to save money in interest charges and more quickly ...
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Categories: Mortgage Brokers. Tags: Central Coast, Manage Mortgage, Mortgage Broker, Reduce Your Home Loan, Terrigal, Variable Home Loan Rate.
In tough economic times, managing your mortgage becomes more essential than ever, according to Loan Market Melbourne mortgage broker, Paul Moulday.
Mr Moulday says prevention is better than cure and proper mortgage management can help you avoid falling into mortgage stress should things not go quite the way you had planned.
"Definitely things like unemployment can bite you when you have a home loan, but there are ways to prepare for such an eventuality and manage it if the worst should happen," said Mr Moulday.
"Often, mortgage stress is the result of a number of different factors, ...
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Categories: Mortgage Brokers. Tags: Debt Consolidation, Managing Mortgage, Melbourne Metro North, Mortgage Broker, Mortgage Stress, North Melbourne, Paul Moulday, Reduce Your Home Loan, Refinancing.
Sunshine Coast Loan Market Mortgage Broker, Lindy Kelly, has introduced a savings program for clients who need assistance budgeting and saving for a home loan deposit.
Ms Kelly said the program was free to customers and was designed to show them how to get into the savings cycle.
“In recent years credit has been very easy to access, but stricter lending criteria is being progressively introduced and being able to demonstrate savings is once again important,” Ms Kelly said.
“Unfortunately, a lot of people have lost the knack of saving money, which makes it difficult if you want to find the finance ...
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Categories: Mortgage Brokers. Tags: Deposit, Home Loan, Lindy Kelly, Savings, Sunshine Coast.
23 June
After recently raising the interest rate on its variable home loans, the Commonwealth Bank (CBA) has indicated that a continued increase of funding costs may result in further such interest rate hikes over the coming 18 months.
According to CBA in an article in the Herald Sun, cheaper funds sourced back in 2007 are now running out, increasing the costs of the funds banks use to provide us with mortgages.
Whether or not consumers end up wearing the cost will depend on the discretion of the banks, however a good review of your home loan options may assist ...
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Categories: Finance News. Tags: Commonwealth Bank, Home Loan, Home Loan Interest Rates, Interest Rates, Manage Your Mortgage, Reduce Your Home Loan, Variable Home Loans, Variable Interest Rates.
23 June
The Winter series of Ray White's hugely successful Auction Spectaculars has brought home loans and the need to secure a home loan pre-approval into the spotlight.
Buying at auction can be a very effective way of achieving the purchase of your property but it is important to know your financial limitations prior to making a bid.
A written home loan pre-approval is an excellent way to determine your bidding limit and ensure that you are ready to purchase if the right property is available in your price range at the ...
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Categories: Finance News, Property. Tags: Auction Spectacular, Home Loan Pre-approval, Mortgage Broker, Ray White.
23 June
Loan Market Cambelltown Commercial Finance Broker, Mary Ramsay, has over 25 years experience in sourcing appropriate commercial finance solutions for businesses, and believes this experience is something that is particularly important in the current economic climate.
"Commercial and business finance is a very specialised area and there have been a lot of changes recently that borrowers really need to be aware," said Mary.
"Lack of knowledge can cost you money, something that many businesses don't have to spare just now."
Mary is comfortable assisting business clients in all situations but is particularly experienced at sourcing finance for commercial and residential ...
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Categories: Mortgage Brokers. Tags: Agrifinance, Business Finance, Campbelltown, Chattel Mortgages, Commercial Finance Broker, Development Finance, Leasing, Mary Ramsay, Property Development.
22 June
It seems the love affair Australians have with property investment is earning us a hefty return - the highest total investment returns over the past five years in fact, according to a recent analysis of investment returns.
Along with cash, residential property investment has also continued to hold up well in the current global economic downturn, with property prices holding up and property investors still sitting on some pretty good capital returns.
And as demand for housing increases - Australia has 'a net shortfall' of housing for buying and renting - rental returns are also predicted to provide good ...
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Categories: Property. Tags: Investment, Investment Finance, Investment Returns, Mortgage Broker, Property, Property Investment, Residential Property.
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