LinkedInFacebook
Tips to pay off your mortgage faster

Buying a home is an exciting yet strenuous time. Thus, it is not unusual for homeowners to wait for a few years to get on top of their mortgage before revisiting their interest rate and the amount outstanding on their home loan.     Well, that’s alright, you’d say, as you continue making your monthly… Read More>>

LinkedInFacebook
A Day In The Life Of A Mortgage Broker

Historically, prior to the credit crunch, the number of customers working with a mortgage broker compared to those dealing directly with their bank was relatively evenly split.     Now, thanks to the arrival of highly experienced mortgage brokers such as Collins Mayaki many clients have recognised the advantages of consulting an experienced mortgage broker,… Read More>>

LinkedInFacebook
Glossary of important financial terms

According to a survey by mortgage lender ME Bank, the majority of first home buyers in Australia do not understand what conveyancing is, aren’t sure what mortgage insurance covers, and are quite ignorant of the auction process. Yet, 70 percent of first homeowners reported that they felt confident making financial decisions, which is quite surprising… Read More>>

LinkedInFacebook
Prospective Tenant Red Flags

One of the biggest fear of a landlord is to end up with a terrible tenant. No landlord wants to have problems with their tenants, but no landlord wants to end up paying the tab when the tenant doesn’t pay their rent! Low income? Currently unemployed? Inconsistent Work History? By keeping an eye out for… Read More>>

LinkedInFacebook
Top reasons to review your home loan now

With the next move in home loan interest rates expected to be upward, it is time to revisit your home loan rate and review your options. Should you fix your interest rate? Should you refinance? Are you on the best possible deal in the market? And, most importantly, is your mortgage product still right for… Read More>>

LinkedInFacebook
What’s keeping Australians from getting better interest rates on their mortgage

The low home loan interest rates in Australia are a boon for homebuyers who can find home loan deals starting as low as 3.39 percent per annum, saving thousands of dollars over the life of the loan.     Yet, many homeowners are hesitant to switch lenders, throwing away their hard-earned money at the banks… Read More>>

LinkedInFacebook
The growing significance of the Bank of Mum and Dad

The bank of Mum and Dad is Australia’s tenth largest lender currently. According to research by Digital Finance Analytics, 55 percent of first-time buyers receive financial assistance from their parents. The average amount lent by parents was reported to be a whopping $89,000!     There is no denying that more and more first-time buyers… Read More>>

LinkedInFacebook
Use a family guarantee loan to secure your place on the property ladder

An average home buyer in Australia needs to put down over $100,000 as an upfront deposit to purchase a property with a median dwelling value of $554,605. Not surprisingly, many first home buyers find it difficult to save a 20 percent home loan deposit, citing it as the most significant barrier preventing them from entering… Read More>>