Would a home equity loan work for you?  

If you have built up some equity in your home loan and wish to use these funds, you can apply for a home equity loan, also known as a secured loan. The loan is “secured” because your home acts as collateral. How to qualify Most lenders will expect you to have at least 20% equity

Are you eligible for a mortgage vacation?  

A mortgage payment holiday (or mortgage vacation) is a temporary hold on your mortgage payments. For a specified period of time, your lender will not require you to make your regular payment, enabling you to use those funds for other purposes. How does it work? The option for a mortgage payment holiday must be a

 Choosing the right loan for your investment property

Your investment property is intended to generate income, so choosing the right loan is just as important as choosing the right property. With the right loan, you can maximize your income and achieve your investment goals. So how do you choose the right loan? Establish your property investment strategy Your property investment strategy will have

How does a mortgage broker get paid?

A mortgage broker offers home loan advice and can help you with all the administrative details of securing a loan for your home or property investment. Mortgage brokers generally have a panel of lenders so they can pinpoint the right loan package for your individual needs and goals. They offer an invaluable service if you

How your mortgage broker can help you get an investment property

Whether you are taking your first steps into property investment or you already have a substantial portfolio, you can always benefit from expert advice as well as any assistance in streamlining the process. Building a strong relationship with a mortgage broker is a cost-effective investment, as your broker can provide you with expert advice and

Building your expert property investment team

If you are planning to make a profit through property investment, you need to invest both time and money – and you also need the expertise to achieve your investment goals. If you try managing every aspect of the property investment single-handedly, you might find that the profits you make do not balance out the

The Danger of Too Many Home Loan Applications

When you are searching for the right home loan, it can be tempting to apply to several lenders in an effort to land the highest loan amount at the best interest rate.  However, multiple loan applications can actually affect your credit rating and impact your ability to be approved for a loan at all. Why does

Tips to secure your investment property loan

Securing a loan for an investment property can be very different from acquiring a home loan. In order for the investment to be successful, you need to decide exactly what you want to achieve – is this a short-term or long-term investment – and you need to be sure that you have all the funds

 The Pros and Cons of Multiple Lenders for Your Property Investments

When you are building your property portfolio, you will have to decide whether you want to stick with a single lender or branch out and expand your portfolio over multiple lenders. Your decision will have a lot to do with your temperament as an investor, and what you intend to achieve with your investment. Consolidate

Will Your Job Stop You Getting A Home Loan?

When a lender is assessing your home loan application, they will pay particular attention to your employment history. Just earning good money isn’t enough – the lender wants to see a sense of security. Your job can even affect your credit score, as lenders may consider that your employment increases the overall risk of not

 Is a reverse mortgage right for you?

A reverse mortgage is a type of home equity loan, also known as a home equity conversion mortgage (HECM) where the homeowner continues to live at the property while receiving a second stream of income by withdrawing equity from the home. While controversial, it can be a good option for seniors who want to continue

Comparing Mortgage Broker to Banks

When you are looking for the best loan for your circumstances, do you approach a bank or do you contact a mortgage broker? Comparing the service A mortgage broker can provide information and guidance to help you through the process of securing a loan. A broker can guide you through a wide range of loan

What your mortgage broker needs to know?

When you are ready to purchase a property, you want the process of securing your home loan to be as efficient and streamlined as possible. Your mortgage broker or lender can help you work through the process of securing the right loan for your circumstances, while there are some things you can do to stay

What Loan Features Are Right For You?

When you are choosing your home loan, there is a wide range of optional features to improve the value of your loan. However, it is important to ensure you choose features that contribute to your overall goals. Your mortgage broker or financial advisor can help you select the right goals for your needs, but it

Top Five Reasons to Hire a Mortgage Broker

If you are looking for a home loan or you wish to finance a property investment, you will need to investigate the right loan for your circumstances.  You have the option of doing your own research, relying on the loan products provided by your chosen bank, or hiring a mortgage broker to help you identify

Tips for choosing a good mortgage broker

Research the loan market By researching the market, you will be able to make informed decisions based on the broker’s recommendations. A mortgage broker has access to a panel of lenders, so they can draw your attention to loan options that might not be available to you directly.  However, you are better equipped to assess

Top ten tips for first home buyers

It is a long journey from saving up the first deposit to actually owning your own home, but it is certainly a rewarding one! Your first property is an important financial and emotional investment into your future, so you want to make the most of every opportunity to make your dream home a reality.  

Top Six Reasons why your home loan might be declined

You’re ready to buy a home, but you can’t find a lender who will approve your home loan.  While this might seem discouraging and frustrating, it is not necessarily the end of your dream to become a home owner. Once you know the reason that you are considered a bad risk, you can improve your

How to choose the right property for you

Your home is perhaps the biggest investment of your life – particularly as it is not just a financial investment, you are also investing in your future lifestyle. Yet many people have a tendency to “fall in love” with a particular property, and they forget to remain logical in their thinking. As a result, they

Which is the right home loan for you?

There are a bewildering variety of home loans available, and it can be confusing to figure out which type of home loan is the best for your circumstances. However, when you know the pros and cons of each type of loan, you can make a decision that will fit best with your financial situation.  

How to calculate your borrowing power

One of the most important factors in your home ownership journey is the amount of money you can – or should borrow. You want to borrow enough that you can purchase the right property for your needs, yet you don’t want to end up out of your depth in debt. Most lenders rely on their

Why would you refinance?

      Why would you refinance? SHAKE Finance. Be Confident.   Are you paying more than next door? These days home loans are a bit like electricity and gas contracts; it pays to shop around and find the best deal, and it is usually not very difficult to swap to a more competitive and

Talk the talk – Property jargon explained

    The language of home loans can seem overwhelming and feel like a whole other language. Don’t worry, we’re here to help! We explain five common terms in everyday language.. Borrowing capacity – Only around one in two Australians know what borrowing capacity is all about. It simply means how much a lender believes