What is stamp duty? Stamp duty is a tax that state and territory governments charge for processing certain ownership documents and transactions, such as the purchase of a new home. The value of the purchased property or land determines how much stamp duty you will pay – a general rule is the higher the property […]
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There are four situations in which a good mortgage broker is beneficial - both in the short and long term. Buying your first home Buying your first home can be very overwhelming, but with an experienced mortgage broker, it should be a piece of cake. We have experience negotiating with banks and lodging home loan […]
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If you are in the market for your first home, make sure you explore the benefits that could be available to you. First home buyer grant The first homeowner grant is a once-off payment to encourage and assist people who are building, renovating or buying their first home. $10,000 grant is available for eligible first […]
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The Australian home loan market is a rapidly changing beast. New and innovative products hit the market daily, which we are constantly notified of by news and media outlets, yet surprisingly many Australian’s continue to avoid refinancing their home loans – which is often offering significant savings. Historically, dealing with banks has been a tedious […]
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What is lenders mortgage insurance? Lenders’ Mortgage Insurance (LMI) is insurance that a lender takes out to protect itself against the risk of not recovering the full loan balance, if the borrower is unable to meet your home loans repayments and you default on the loan. In the unfortunate situation that this occurs and the […]
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As a mortgage broker I love being able to give people a few hints and tips as how to pay off your home loan quicker. Its not all about extra payments, its often just about maximising structure. Here are some sure-fire tips to ensure you shave years off your home loan 1) Store Savings in […]
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In my opinion banks spend a lot of money in complicating the $1.4 trillion home loan market. The millions of dollars spent on marketing and branding does a lot to capture an audience but in my experience it creates a lot more confusion for the end customer. When I have conversations with clients, I try […]
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Buying season is upon us and while buying a property is super exciting it can also be very stressful. As mortgage brokers we often see both sides of this and are always here to help our clients along the way To help prospective buyers on their journey I spoke to Dara Galavan, Licensee from Residential […]
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Sarah and Chris came to us after trying to purchase a property and receiving a decline from their bank. This was the bank they had used for years which made the decline even harder to digest and to add insult to injury they were acting on advice from their existing broker. When we had a […]
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