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Home Loans

What is the best time of year to buy a house?

While spring is renowned as the time that sellers dust off their properties and place them on the market, this doesn’t mean it is necessarily the best time for buyers to go shopping. One of the biggest issues with shopping in spring is the flood of other buyers looking to snag their dream homes, which

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Buying property?

How to avoid paying too much for a home

Knowing what a property is worth is central to avoiding paying too much for it. It’s about doing your homework, knowing what you want, knowing the market and making sensible offers. Set a benchmark Comparing nearby properties that have sold recently is the best way to assess an acceptable price for the property you are

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Home Loans

How redraw facilities and offset accounts can save you money

Offset accounts and redraw facilities work in similar ways. They both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Deciding between an offset account and a redraw facility on your home loan largely depends on how accessible you need your extra

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Business Plan

Five rules for your business plan

Preparing a detailed business plan will inform the lender about your business proposal so that it can assess your application as favourably as possible. 1. Know your numbers To inspire confidence in you as a borrower, it’s important you are familiar with your key financial figures, even if you don’t prepare your own financial statements.

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Selling your home? Here are the first steps to take

There’s more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get a favourable result from your investment and ensure the selling process runs as smoothly as possible. Speak to your broker If you’re considering

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Home Loans

Fixed rate versus variable loans

Fixed rate loans A fixed rate loan is one that maintain the same interest rate over a set period of time regardless of market fluctuations in interest rates. A fixed rate home loan can offer stability for those conscious of a budget and who want to take a medium-to-long term position on a fixed rate.

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Property Investors

Why property investors need savings

Urgent maintenance is an unavoidable aspect of being a landlord, so having a cash buffer set aside will help you deal with any unexpected problems. When renting out an investment property, having access to extra cash is vital for two reasons: To cover the costs of repairing maintaining the property, giving it the best chance

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Buying property?

Top tips for negotiating a property price

Here are our top tips to tactfully negotiate the price without ruining your chances of securing the property. Tip #1: Never enter a negotiation empty-handed Whether it’s hiring inspectors for a building and pest report, or obtaining quotes from tradespeople, obtaining facts and figures will give you ammunition when requesting a price reduction.  Tip #2:

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Home Loans

How do lenders assess applications?

While loan officers work solely for a lending institution and can only offer that institution’s products, brokers can help connect you to the lender best fit to serve your mortgage needs by shopping around on your behalf. Finance brokers on the other hand are paid commissions by lenders to match borrowers to the right products

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Buying property?

What comes first: The property or the loan?

It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan. Looking for a property to purchase is an exciting time. Choices regarding location, size, number

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