4 Steps To Getting a Mortgage If You Have a Criminal Record

Mortgage lenders in Australia are taking more time than ever looking into an applicant’s past in order to determine their eligibility for a mortgage. After the credit crisis, financial institutions are much more stringent when deciding who they’re prepared to lend money to. They look at credit history, job security and past addresses. And if they discover you have a criminal record, they are likely to doubt your suitability for a home loan. If you’re a cash buyer you can get a house without ...
More

5 Ways to Make Some Additional Money to Pay off The Mortgage Faster

When you’re ready to knock down that mortgage debt (or at least pay off enough to make refinancing worthwhile), you’re going to need a little extra money to accomplish your goal. Unless you’re in line for a big promotion or a more lucrative career change, you might need to be a little creative in how you come up with that money. If you don’t have time to take up a second job, try some novel moneymaking methods that require a little less commitment. 1. Become a Freelancer Can you write, p...
More

4 side jobs to pay off your mortgage

Getting your own home is a huge tick on life’s to-do list. It ranks up there with getting married and having kids, but not everyone has the financial freedom to do it. Once you do own your house, you will be saddled with a mortgage which is likely to last until you are much older. Instead of waiting, you can get it paid off by taking on a side job or two. Here are some examples. Buy and sell If you are smart enough to know a bargain, you can make a lot of spare cash by buying and selling. De...
More

Pay Off Mortgage or Invest – What to Consider Before You Choose

It’s one of the most common questions people have about their finances: Should you pay off your mortgage early or invest the money you save by making minimum repayments on your mortgage? It’s a complicated question with no one right answer. Like most big life decisions, the answer is dependent on your preference, situation and financial discipline. No one enjoys being in debt, it can feel smothering and imposing. Keeping debt around too long can feel dangerous, but so can putting all your mo...
More

7 Ideas to Pay Off your Mortgage Quicker

When you first took out your mortgage you’ll have agreed to a mortgage term of (usually) 25 to 40 years. The longer the term, the longer it takes you to pay off your mortgage and the more interest accrues. Longer terms usually mean lower monthly payments but they also mean you’ll end up spending a lot more money before you own your home outright. Paying off your mortgage more quickly is usually a good idea and can save you tens of thousands of dollars. However, not all mortgages allow you to ...
More

home loan saver

If you have a $ 500,000 loan on 5% and we refinance it to 3.54% you will save $ 427.00 per month in interest. Find out more @ http://www.1300whatloan.com/homeloansaver.html
More

Late week surprise…….. Me Bank Lowers Interest Changes

Late week surprise Me Bank Lowers Interest Changes   Product Name Flexible Home Loan - 1 Year Fixed (Investment) Flexible Home Loan - 2 Year Fixed (Investment) Flexible Home Loan - 3 Year Fixed (Investment) Flexible Home Loan - 4 Year Fixed (Investment) Flexible Home Loan - 5 Year Fixed (Investment) Flexible Home Loan with Member Package - 1 Year Fixed (Investment) Flexible Home Loan with Member Package - 2 Year Fixed (Investment) Flexible Home Loan with Member Package ...
More

AMP – owner occupied decreasing Homeloan Interest rates

Variable Rate Loans Special Offer - for loans with an Owner Occupied security AMP Essential Home Loan - owner occupied (up to and including 90% LVR) decreasing to 3.99% pa Professional Variable Rate Loan - owner occupied $750k+ & <= 80% LVR decreasing to 3.99% pa Professional Line of Credit owner occupied $750k+ and <= 80% LVR decreasing to 4.19% pa Special Offer Business Rules – Applies to new applications with an owner occupied security received from Monday 12 October 201...
More

The property bubble: Everything you need to know

Apart from an occasional cyclical slowdown, Australian property prices have been steadily rising since the 1990s. And throughout their stratospheric rise, talk of a property bubble is never far behind – particularly after a year of the type of turbo-charged growth we’ve seen in the country’s capital cities. With bubble speculation still rife, home owners, investors and would-be home buyers are no doubt asking themselves: are we heading for a bust?   What is a bubble? A property ...
More

Negative Gearing in the Property Market

Negative gearing is commonly used throughout Australia as it provides individuals with an opportunity to make an investment that wouldn’t necessarily be afforded otherwise. Put simply, negative gearing is when an individual funds an investment using debt financing, and this is offset in individual tax returns. Read full article Source: ATB Partners
More

It now costs $4,000 A MONTH to pay the mortgage on an average house in Sydney, and affordability is plunging across the country… so will you EVER be able to afford your own home?

Latest housing industry data shows homes are becoming harder to buy The housing affordability index for many cities has fallen Worst hit was Melbourne, which had a 7.8 percent drop in affordability But in Sydney, it costs almost $4000 per month to pay for a loan Other state capitals and regional areas saw slumping affordability Two cities - Hobart and Perth - became easier to afford homes in Read more: dailymail.co.uk
More

BankWest bank increases Interest rates

Bankwest has just announced that it will lift its variable home loan rates. Bankwest today announced it will increase interest rates by 18basis points across its variable home loan portfolio, effective 17 November 2015. Is it time to review your Home Loan ? http://www.1300whatloan.com/news/bankwest-bank-increases-interest-rates
More

Fourth major bank hikes Interest rates

Last major banks announces variable rate rises The last of the four major banks has decided to increase variable rates on owner occupied and investment home loans. ANZ by 0.18% NAB by 0.17% CBA by 0.15 % The Reserve Bank of Australia still has Interest rates at its lowers in decades at 2%. BUT with the Banks variable rates going up is it time to review your mortgage and see what options their is ? Please feel free to contact us if you want an obligation free review of your loan...
More

Should first home buyers use drastic measures to scrape together a deposit?

Everyone agrees: buying a home in Australian capital cities is insanely expensive. With property prices on average four to five times higher than household incomes, saving a deposit for your first home is becoming harder than ever. No wonder young Australians are getting onto the property ladder later. Data from the Australian Bureau of Statistics shows that back in 1982, about 56 percent of 25- to 34-year-olds owned a home, but by 2011 this figure had fallen to 34 percent of that age group. ...
More

FIRST MAC Bank – Product Update

More