In the 12 months to March 2010, unit purchases really took off in Mermaid Beach, said Loan Market Mermaid Beach mortgage broker, Ross Corby.
"The number of units sold in the area was well over double that of freestanding houses," said Ross, referring to both his own experiences finding home loans and a personalised report.
"It's a good indication of how affordable units are in the Mermaid Beach area, in a relative sense."
Ross works with property purchases to assist them with their home loan or investment loan requirements, and said that if you are considering buying a unit in Mermaid Beach, or anywhere on the ...
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Categories: Mortgage Brokers. Tags: Home Loans, Loan Market, Mermaid Beach, Mortgage Broker, Ross Corby, Units.
Loan Market Tweed Heads mortgage broker, Jeff Preston, has seen a lot of auctions and one thing he has noticed is that those bidders who have their finances ready before the big day are much more confident.
"Anyone at an auction who has their home loan ready to go is going to be in a better position than someone who hasn't asked the question," said Jeff.
"It's pretty simple, if you go talk to someone about your home loan first, you're going to have a pretty good idea of how much you can borrow - and therefore how much you ...
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Categories: Mortgage Brokers. Tags: buying at auction, Home Loan Pre-approval, Jeff Preston, Loan Market, Mortgage Broker, Tweed Heads.
A national survey has shown what Loan Market Wagga Wagga mortgage broker, Kaylene Blencowe, already knew - that family can make a big difference when it comes to buying your first home.
"The deposit requirements have changed significantly over the past few years and such creatures as no deposit loans have disappeared," said Kaylene.
"A lot of potential first home buyers weren't really prepared for that - ready to service a mortgage yes, but provide a deposit for it, no."
According to Kaylene, for first home buyers who don't want to wait to make their first property purchase, using the equity ...
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Categories: Mortgage Brokers. Tags: Family Equity, Kaylene Blencowe, Loan Market, Mortgage Broker, Wagga Wagga.
Sydney property prices have risen more in the past year than at any time since 2002, according to the latest Residex Market Report.
Loan Market Bondi Junction mortgage broker, Eric Chan, said that for existing property owners, this means good gains in equity, which can lead to other positives.
"Such a growth in equity for existing home owners means the opportunity to invest in property may arise," said Eric.
And with the same Residex report suggesting NSW is experiencing a shortage of property, and the NSW Governement introducing new concessions for people purchasing newly built properties, investing in new apartments may ...
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Categories: Finance News. Tags: Bondi Junction, Equity, Eric Chan, Investment Loan, Investment Property, Loan Market, Mortgage Broker.
Leading mortgage broker Loan Market has reported a record month for home loan approvals and settlements in Victoria due to continuing strong demand for units and houses in Melbourne’s inner suburbs.
Loan Market Victoria State Manager Mark De Martino said approvals were up 37 per cent and settlements 52 per cent last month compared to the results for June, 2009.
“We have had our all-time best monthly results in Victoria with approvals and settlements totalling more than $400 million,” Mr De Martino said.
“Many of our brokers had outstanding results and it is a credit to the ...
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Categories: Finance News. Tags: First Home Buyer, Loan Market, Victoria.
The media property price in Greensborough for the March 2010 quarter was close to the state average, at $516,000 vs $524,ooo, according to recent results from the Real Estate Institute of Victoria (REIV).
Loan Market Greensborough mortgage broker, Peter Armstrong, said the property prices are an indication of the strength of the suburb, but that increases should not scare potential buyers awy.
"Home buyers, particularly first home buyers, are often looking for a bargain property, and feel that a suburb with prices close to the state average might not offer that," said Peter.
"But the truth is, it's not about the ...
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Categories: Mortgage Brokers. Tags: Greensborough, Loan Market, media property price, Mortgage Broker, Peter Armstrong, Refinancing, REIV.
Recent Real Estate Institute of South Australia (REISA) figures show that Adelaide has a very low rental vacancy rate of just over 1%, a situation that could potentially provide property investors with an excellent opportunity to start or expand their property portfolio.
Loan Market Torrensville mortgage broker, Rose Fitch, is just the person to help you finance an investment property.
"There are several ways that property investors can secure loans through the various lenders, depending on their requirements," said Rose.
"And it's important when you are considering investment property that you get your investment loans right."
According to Rose, a good property investment ...
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Categories: Mortgage Brokers. Tags: Adelaide, Investment Loan, Loan Market, Mortgage Broker, Property Investor, Rose Fitch, Torrensville.
The succession of interest rate rises implemented by the Reserve Bank of Australia has been the biggest recent deterrent to borrowers, a national survey has found.
The poll by leading mortgage broker Loan Market found 64 per cent of respondents said interest rate hikes by either the RBA or the banks independently had the greatest negative impact on the home finance market.
Loan Market National Operations and Risk Manager Ivan Karamatic said the six increases by the RBA between October last year and May, 2010, had effectively subdued the housing finance and property markets.
“Both markets have been flattened ...
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Categories: Finance News. Tags: First Home Buyers, Loan Market, Rba.
Loan Market Toowong mortgage broker, Euan Brown, is passionate about property investment finance structures that really work for the investor.
"It's no secret that good property investment is an excellent way to create wealth for the future," said Euan.
"But a good property investment loan structure can help boost that wealth more than you may realise; or on the flipside, the wrong investment loan may cost you."
Euan works with accountants and financial planners to ensure that your investment loan really suits your goals and strategies.
His background in banking and financial planning is a bonus also when it comes to assisting property investors.
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Categories: Mortgage Brokers. Tags: Euan Brown, Investment Finance, Investment Loan, Loan Market, Mortgage Broker, Property Investment, Toowong.
Leading mortgage broker Loan Market is running a national recruitment program to assist those who want to start a career in the home financial services sector.
Loan Market head of new broker recruitment Chris Dobbie said mortgage broking appealed to people who preferred self-employment and the top performing brokers could earn well above average incomes.
Mr Dobbie said three mortgage broking information nights would be held in Adelaide this month after successful rookie programs were run in other capital cities.
“The program provides an insight into how mortgage brokers work and the qualifications and skills needed to become an ...
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Categories: Finance News. Tags: Adelaide, career, Loan Market, Mortgage Broker.
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