Category Archive for "Commercial"

Lenders Mortgage Insurance

Lenders mortgage insurance (LMI) explained

Are you motivated to get into the property market but haven’t had the time to save a suitable deposit? Are you self-employed and struggle to prove to lenders you have a stable income? If you answered yes to either of...
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Credit Score

What do lenders mean by a good credit score?

When you first embark on home ownership or property investment, you come across a variety of unfamiliar terms. There are loan-to-value ratios, unconditional contracts and credit scores to learn about. In this article, however, we’re going to focus on what...
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Depreciation Schedule

What is a tax depreciation schedule and how can it change your tax return?

I recently met with Marty Sadlier and Mike Mortlock of MCG Quantity Surveyors www.mcgqs.com.au and asked them the above important question to which they answered here: Albert Einstein said if you can’t explain something simply, then you don’t understand it...
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Interest Rate

The deadly sin of interest rate creep

I’d almost be willing to bet you that you’re paying far too much interest on your home or investment property mortgage – unless you’re already one of our clients and even then, without regular reviews and taking up our annual...
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House Model On Red Block With Question Mark Symbols

Have APRA and the regulators gone too far?

I wish I could start the year with good news, but it seems that the economic clouds are gathering, and the resultant storm may well be on the horizon. Why? Well still to this day APRA (Australian Prudential Regulatory Authority)...
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Bank Servese

Great service creates happy customers

It’s nearly a year since the royal commission in to the banking sector was announced, with the seventh and final round of hearings being held in December, 2018. No doubt we’ll be peppered with some more examples of business practices...
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Holiday Spendidngs

How your holiday spending can ruin your loan application

You’re kidding right? No, unfortunately not! New lending criteria which looks at potential borrower’s living expenses with a fine-tooth comb means that ad-hoc spending could ruin your chances of securing a home or investment loan. This is especially true over...
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Interest Only Property Loan2

What to do if your interest-only period is about to expire

Are you one of the many Australians who interest-only property loan is due to expire soon? As I’ve written about before, a large proportion of interest-only loans are due to switch over to principal and interest repayments in the next...
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Property Finance

Can I still get property finance?

Finance is one of the most talked about topics in the media of late, with much of the commentary negative. One day we’re reading about housing finance falling to record levels, and the next we’re learning all about the profit...
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The Rich Are Getting Richer in Australia | Latest research stats

It’s happening all around the world – the rich are getting richer. And it’s the same here in Australia where the wealth has grown strongly over the past decade, in part on the back of rising property values. And the big...
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