Six Common Misconceptions About Financing Your First Home 1. “I need a large deposit to get into the market”! It is true that you need some form of deposit or down payment to break into the property market but it may not be as much as you think. There are loans available for as low [...]
Customers take out insurance through a multitude of channels, including directly and via financial advisers. And with a major under insurance issue in Australia and a huge knowledge gap as to how much and what type of insurance to take out, financial advice has a critical role to play.. There are two major distribution channels [...]
Buying your first home can be one of the most exhilarating experiences of your life and for the vast majority it is also the biggest financial commitment that you will ever make. Without someone to guide you through the process it can go from exhilaration to despair. Don’t go it alone, but rather engage the [...]
To choose a credible Finance Broker make sure you ask the following; 1. Can you demonstrate to me in easily understandable terms how to lend money to purchase property? Does the broker take the time to explain the different lending structures and the pros and cons for the strategies they have suggested to you? Can [...]
1. “You need money to make money and I don’t have a deposit" The fact is you don’t need a lot of extra money to invest in Real Estate. If you have a property that is worth more than you owe and a job or profitable business the bank will allow you to “tap” into [...]
1. Finance Brokers get paid for presenting options that can save their customers money on rates and fees. The correct structure for your unique situation can also assist with cash flow enabling you to do more with less. Remember bank employees get paid whether your loan gets approved or not and are trained to set [...]
1st Mistake to avoid is choosing a finance broker who doesn't take the time and effort to educate you on the process of arranging finance for your particular loan. Beware of a broker who immediately suggests you move your existing loan to another bank. They could be after a higher commission payment and this tactic [...]
1. “I need a large deposit to get into the market”! Its true that you need some form of deposit or down payment to break into the property market but it may not be as much as you think. There are loans for as low as 1% of the purchase price as a deposit currently [...]
