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 […]
Read more
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 […]
Read more
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 […]
Read more
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 […]
Read more
Interesting times are ahead for the Australian economy as the Reserve bank decides to cut interest rates again by 0.25%. This brings official interest rates down to a record low of 0.75%. The big four banks failed to pass on the full interest rate saving with the majority only passing on 0.13%-0.15% to owner occupied […]
Read more
We Go Beyond! Welcome to our first Newsletter. Keeping in touch is important to us as long after the ink is dry on your loan documents, we’re still your personal banker and here to help. While we’ve both been lucky to take a short holiday recently, the end of financial year continues to keep us busy […]
Read more
In the last two months we have seen the Reserve Bank of Australia (RBA) reduce official interest rates by 0.50%. While the June move by the RBA was widely expected, July came as a bit of a surprise. The last time we saw two consecutive rate reductions was back in 2012 and it was the […]
Read more
It's been few weeks since the Banking Royal Commission dropped a few bomb shells that are set to have some serious impacts on mortgage brokers and other parts of the finance industry. Just to be clear, I'm not writing this because I want to debate the pros and cons but more so to clear a […]
Read more
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 […]
Read more
