Refinancing in a Divorce or Separation

Jan 16, 2020 7:43:00 AM

Divorce or separation is an emotional time, made even more stressful at the thought of divvying up the property and other assets. In Australia, there are around 50,000 divorces each year and many people are unsure what to do with the family home or investment properties in this situation. If you’ve recently divorced or separated, it may be time to look at your options.


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Topics: Refinancing Options, Home Ownership, separation, divorce, Financial Advice, Home Loan Advice, Buying property in Australia, Australia Mortgage Broker

First Home Owners Deposit Scheme – All You Need to Know

Jan 13, 2020 7:39:00 AM

On 1 January 2020, the Australian Government’s First Home Owners Deposit Scheme kicked off and already hundreds of Aussies have signed up to the scheme. Aimed at supporting eligible first home buyers purchase a home sooner, the scheme allows first home buyers to put down just five per cent deposit, with the National Housing Finance and Investment Corporation (NHFIC) guaranteeing the rest of what would normally be a 20 per cent deposit. Here’s all you need to know.


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Topics: Home Ownership, Financial Advice, Home Loan Advice, Buying property in Australia, Australia Mortgage Broker, First Home Loan Deposit Scheme

Australia needs your support

Jan 9, 2020 10:54:33 AM

Australia faces a long and hot summer with the prospect of ongoing bushfires evermore a reality. It will take some time for the people of Australia to rebuild their lives and livelihood. But the outpouring of support from around the world has been simply staggering, with organisations and individuals banding together to help support victims, wildlife and the brave firefighters risking their lives to save ours.


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Topics: Home Ownership, Financial Advice, Home Loan Advice, Buying property in Australia, Australia Mortgage Broker, Bushfire

Mortgage relief for bushfire victims

Jan 9, 2020 7:36:50 AM

Australia is in the grip of a major crisis, fighting an unprecedented bushfire season. Over 2,000 homes have already been destroyed in some of the worst bushfires ever experienced. Now, several lenders are offering relief for victims of the bushfires with relaxation on payments for loans and credit cards, waiving of fees and emergency credit assistance. If you’ve been victim of the devastating bushfires, it’s vital you reach out to your mortgage broker or banker for assistance or respite.


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Topics: Home Ownership, Financial Advice, Home Loan Advice, Buying property in Australia, Australia Mortgage Broker, Bushfire

Pre-approvals: 3 Things You Need to Know

Oct 17, 2019 10:05:54 AM

Getting a home loan pre-approval puts you in the best position if you’re planning to buy property. What’s more, a pre-approval is essential if you’re bidding for property in an auction. While a home loan pre-approval may be conditional, it gives you a relatively secure assurance of the amount a lender is willing to loan you and how much your repayments will be. Here are 3 things you need to know about home loan pre-approvals.


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Topics: Pre-approvals, Financial Advice, Home Loan Advice, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker, Home loan pre-approval

Can non-residents buy property in Australia?

Oct 17, 2019 10:03:15 AM

In December 2015, the Australian Government introduced legislation that changed the way non-residents buy property in Australia. Under the new laws, foreign investors are limited in the types of property they can purchase and must first apply for approval to purchase from the Foreign Investment Review Board (FIRB). While it is much harder for non-residents to buy property in Australia, it’s not impossible.


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Topics: Financial Advice, Home Loan Advice, Mortgage Advice, Buying property in Australia, Non-resident buyers, Australia Mortgage Broker, Non-resident lending

Should you get a “pre-nuptial” agreement?

Oct 17, 2019 9:58:45 AM

Before getting married or entering into a de facto relationship, you may want to consider signing a pre-nuptial agreement. Pre-nuptial agreements are a way to protect your financial rights and obligations; effectively a safety precaution that helps simplify property settlements if a relationship ends. Here’s what you need to know about pre-nuptial agreements.


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Topics: Financial Advice, Home Loan Advice, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker, Pre-nuptial, Binding Financial Agreement

Helping your kids buy a home

Oct 17, 2019 9:56:20 AM

With the rising cost of property across Australia, it’s not surprising that so many parents are stepping up to help their grown-up children buy property. In fact, it’s estimated that the “Bank of Mum and Dad” is one of the largest lenders when it comes to mortgage lending in Australia. If you’re considering helping your kids buy a home, here are a few ways that you as a parent can do that.


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Topics: first home buyer, Bank of mum and dad, Financial Advice, Home Loan Advice, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker

What to do if your property valuation is too low

Sep 16, 2019 1:37:06 PM

While a property valuation is often an essential step in the home buying process, in recent months home buyers across Australia have been left feeling frustrated and disappointed with the valuation process. Lower than expected property valuations have resulted in home buyers having to pay LMI or even lose the property if they can’t cover the shortfall. Here’s what you need to know about property valuations.


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Topics: Financial Advice, Home Loan Advice, Property Valuation, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker

A Professionally Prepared Will vs. a DIY Will Kit

Sep 16, 2019 1:30:38 PM

No one likes to think about their own mortality which is probably why so many people avoid writing a will. But the alternative has far-reaching implications: dying intestate – without a will - means your estate is distributed according to strict legal formula rather than how you would want it distributed. To help you prepare for life’s unexpected events, here are some of the things to think about when preparing a will.


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Topics: Financial Advice, Home Loan Advice, Writing a Will, Mortgage Advice, Buying property in Australia, Australia Mortgage Broker, DIY will kit, Preparing a will