Mortgage and finance

How to get Australian Foreign Investment Review Board approval when buying property in Australia

by Greg on November 28, 2013
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Australia is one of most ideal locations for property investment for foreigners looking to invest due to the stable real estate market. However, as a foreigner you are required to apply for approval from the Foreign Investment Review Board (FIRB), a government organisation that oversees all purchase applications from individuals who are not Australian citizens […]

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Could a personal loan get you on the path to your first home purchase?

by Greg on November 8, 2013
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Household expenses, credit card payments, automotive maintenance: for the budding first-home buyer, managing these sorts of financial responsibilities whilst trying to save for a property deposit can be challenging. Add to this, the various State Governments’ withdrawal of financial assistance for existing dwellings — also the upswing in asking prices as a result of low […]

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The importance of having a property portfolio review

by Greg on March 18, 2013
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This article is from one of our sponsors, AllianceCorp Property Experts. It will help property investors to understand better what strategy they should follow when buying property. A portfolio review is the process of regularly reviewing each of your purchases, and the portfolio as a whole after each purchase, as well as prior to future […]

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How to significantly reduce (or even cancel!) your mortgage

by Chris Lang on March 14, 2013
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We have been completely unaware of this until now, but according to Money Morning, vast amounts of Australian borrowers can significantly reduce, or even cancel, their mortgages if the mortgage documentation was manipulated. Have we not missed their first story, originally published in August last year, we’d be reporting on this sooner, but – better […]

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Why is Loan to Valuation Ratio important?

by Chris Lang on June 8, 2012
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The Loan to Valuation Ratio or LVR is an important criteria used by Lenders to evaluate your suitability to borrow. It is a formula that the Banks and Lenders have devised based on experience of loan defaults that attempts to minimise risk from borrowers defaulting. The Loan to Value Ratio is expressed as a percentage […]

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What a DEFAULT or a JUDGEMENT means for your credit history

by Chris Lang on May 28, 2012
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Credit history is a very important input in the process of assessing a person’s borrowing capacity. People rarely think about their credit score before diving into the purchase of a new home, yet at that point in time bad credit history can be tough to ‘undo’. As we know money doesn’t come with instructions, so so getting an understanding of these terms in the world of credit history can help you maintain…

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How to get a home loan if you’re self employed

by Chris Lang on March 30, 2012
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Being self-employed has its benefits. You get to be your own boss and work in your PJ’s if you like. But when comes the moment where you need a home loan – you grunt and groan and wish you were a regular employee. And the reason lies in the way lenders assess your income. All […]

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10 Simple Ways to Pay Off Your Home Loan Quicker

by Chris Lang on January 20, 2012
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Home loans are inevitably one of the biggest single household investments. We might complain about school fees, car registration costs or the price of milk going up … but in the end, a little lapse of attention to your home loan and the consequences will be far bigger than all of these extra bills put […]

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CHOICE Big Bank Switch: get the best deal on your mortgage

by Chris Lang on August 1, 2011
CHOICE Big Bank Switch: get the best deal on your mortgage

Ever heard of Groupon? If not, I’ll explain – it’s a deal-of-the-day website, that offers discounted certificates for purchasing products. The way it works is, if a certain number of people sign up for the offer, the deal becomes available to the whole group. You must be wondering “What the heck does this have to […]

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RBA decides to keep the rates on hold at 4.75 percent

by Chris Lang on June 7, 2011
RBA decides to keep the rates on hold at 4.75 percent

Anyone with a mortgage will appreciate today’s decision by the RBA to leave the official cash rate on hold, at 4.75 percent. As many home owners are already in arrears on their mortgage repayments, the last thing they need is another rate rise. This situation is very sad, especially considering that 3 years ago the […]

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Video Tips On Home Buying, Investing and Renovating

by Chris Lang on May 24, 2011
Video Tips On Home Buying, Investing and Renovating

If you are considering purchasing a home, an investment property or doing some renovations to your house, and you like watching videos, this post for you. There’s a new series of videos from the Commonwealth bank that I personally find educational and entertaining. Even though I don’t intend to buy an investment property or do […]

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