Making the most of your offset

Having an Offset feature as part of your home loan package can be a fantastic tool if utilised correctly. The concept is simple. Any funds in your Offset are deducted off the total loan balance each day when the bank calculates your interest payable. In this example, interest is calculated on the net balance of

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Interest Only Loans

Interest Only Loans   For decades, Australian property investors have relied on Interest Only loans. What is an Interest Only loan, and why have they been the preference for investors? Loans usually have two repayment options, Principal and Interest (P&I), or Interest Only (IO). P&I repayments are calculated to ensure that you pay off the

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Pros and Cons of Cross-Collateralising

Cross-collateralising securities is a tongue twister that you need to wrap your head around, as the structure of your home loans can cause headaches if not done correctly. We’re going to break down what cross-collateralising means, what are the pros and cons, and what is the alternative to cross-collateralising. Cross-collateralising is also known as cross-securitising,

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First Home Buyer Schemes in NSW

There are many schemes currently available in NSW to help First Home Buyers get into the property market. Your Mortgage Broker can help you understand your eligibility and how to maximise the benefits. First Home Buyers Assistance Scheme To be eligible for this scheme, you must never have owned, or had interest in, residential property

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Understanding Construction Loans

Building a home can be a daunting task to take on, so you really want to know what you’re getting yourself into from the beginning. There’s a few pathways into this, so we’ll lay them out: Vacant land and separate build contract House and Lack Package Knock-down-rebuild Vacant Land & Build Contract Vacant land can

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How to buy property in NSW

If you’re a First Home Buyer, or you haven’t bought property in a few years, you might not know what to expect or where to start. Each state and territory has different processes and timelines for purchasing property. Here we will walk you through buying property in NSW. If you have a Pre-approval, it is

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