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Archives for October 2016

How can a ‘Mortgage Professional’ help me?

'Mortgage Professional' or 'Mortgage Broker.' We don't think these words properly describe what we do for our clients each and every day. Sure we’re talented professionals who will help you secure a great mortgage. But the words "mortgage professional” don't really explain what we do on a day-to-day basis.  Plus, it make us sounds a little bit boring! So, here's a few other ways to describe our role and what we can do for you. We’re investigators and interpreters We interpret … [Read more...]

How much do you need to save to buy your first property? (Maybe it’s not as much as you thought!)

How long is a piece of string? (Sorry, that's not very helpful.) The answer to 'How much do you need to save?' depends on a few things.  Namely, the type of property you want to buy and how much you can borrow based on your current income. The more expensive the property, generally the more cash you will need to contribute. However, it also depends on your situation and which of the following best describes your circumstances.   Option 1 – You don't want to pay Lenders Mortgage … [Read more...]

3 steps towards buying your first investment property

We've had lots of clients come to us recently, wanting to take the first step towards buying an investment property. It might be something you have been considering for some time now, or something your accountant has suggested after finalising your Tax Returns. If you want to buy investment property but you're not sure where to start, here's the first 3 things you need to do. 1.         Understand the "why"  Why do you want to buy an investment property? Are you looking for capital … [Read more...]

RBA Interest Rate Decision – October 2016

Interest Rate Decision: the RBA Board decided to leave the cash rate unchanged today at 1.50 per cent.  Here is part of the statement issued by Phillip Lowe, Governor: Monetary Policy Decision. Financial markets have continued to function effectively. Funding costs for high-quality borrowers remain low and, globally, monetary policy remains remarkably accommodative. Government bond yields are near their historical lows. Low interest rates have been supporting domestic demand and the … [Read more...]

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