Understanding Home Loans – Approvals

Guarantors

This month I am going to discuss that all in important approval. I thought it would be prudent to ensure that we review all the different types of approvals and how they fit into purchase or building a house. Let’s start with the: Pre-approval or Approval in Principle. This is an approval where the lender […]

Understanding Home Loans –Servicing your loan

mortgage

One of the main driving factors that banks look at when applying for a home loan is income or what the banks refer to as servicing. In this month’s BLOG, I hope to explain how banks view applicant’s income and their ability to “service” their loan. What the banks look for is that the income […]

Understanding Home Loans – Loan Mortgage Insurance (LMI)

insurance

Lenders Mortgage Insurance (LMI) is another one of those terms use by brokers and bankers…….but what does it actually mean? In this month’s BLOG, I am going to cover LMI and what’s it all about! Lenders Mortgage Insurance is one of the most common ways to help achieve the dream of homeownership sooner, especially for […]

Understanding Home Loans – Loan to Value Ratio (LVR)

home loan

During the whole home loan journey you will find so many terms that you might not understand, I hope in this BLOG I can share with you some understanding about a really important one – “LVR”. I hope to walk through exactly what it means to you (the customer), what it means for the lender’s, […]

Personal Lending Part 2 Car Loans

car loan

In our previous BLOG I shared with you all some insights regarding Personal Lending – Credit Cards and Personal Loans, in this edition it’s all about Car Loans. There is no doubt financing a vehicle can be confusing, complicated and not to mention emotionally driven. I must say that there is a perception that the […]

Personal Lending Part 1 Personal Loans & Credit Cards

Credit Cards

From time to time we will all call upon different forms of credit to facilitate a major purchase. Based on how common this actually is, I thought I would take the opportunity to discuss the pro’s and con’s and their impact in this blog.  Firstly, let me put it on record I am not against personal finance – […]

What’s the right loan type for your property investment?

LVR

Part 2 in my Investing Essentials is about choosing the right type of loan. When it comes to financing your investment property, there are several different options that you can use. Choosing the right one will depend on your investment structure and strategy, but there’s no need to spend days or even weeks researching the options. Here […]

Things to consider when you invest

Invest

When it’s done right, investing in property can help you to build wealth for your future. In Australia, property is currently a very popular investment and many people are enthusiastically jumping into the market to make the most of the low interest rates currently available. But it takes careful planning for your property investment to […]

Buying a Home is exciting!

first home

YES! Buying a home is exciting! Without doubt, buying a new home is a very exciting project irrespective of what anyone says! Unfortunately for many singles, couples or families this excitement is often overshadowed when family members or friends share a negative experience or pass on ill-informed advice to the potential new buyers. I hear […]

Our First Instalment!

Home

Hi Everyone – welcome to my Home Loan BLOG! I get asked a lot of questions everyday about finance, the housing market and general banking – I thought to myself how can I share my thoughts on various finance related matters for anyone who is interested. So for what it is worth –I thought I would […]