Five Things First Home Buyers Need To Know

Knowing the market is crucial, so do some research on the areas you are targeting, check out auction clearance rates and recent sales, as well as price trends in the area. We can help you by providing a depth property report at no cost to you. Contact us for the report. Once you are aware of what you are looking for and the approximate price, the next step is saving a deposit.

While some lenders will offer loans at 5% deposit if you have saved less than the usual 20 % deposit, being able to show a record of good saving habits will aid in getting your loan approved.

Then, when you talk to talk to us about applying for pre-approval on the right type of loan and we can go through if you can afford in terms of repayments.

What’s A Simple Way To Increase My Borrowing Capacity?

Reduce your credit card limit.

Most people know that reducing their debts can increase their borrowing limit. But did you know that lowering your credit card limit can increase your borrowing capacity?

Lenders don’t like risk

In working out how much you can borrow, lenders determine the likelihood that you might default on the repayments. In performing this risk assessment, they look at a number of factors including your credit history and job security. But something else they consider is your credit card limit.

Budget 2018 -2019 Overview

Agriculture
$225 million for better GPS technology to allow farmers to access precision agricultural technologies that allow them to more accurately sow seeds in between rows of harvested crops and manage the distribution of water, fertiliser and herbicides.
$51.3 million over four years to boost growth in Australia’s agriculture and food exports to secure Australia’s position as a world leading agriculture exporter and support agriculture and export jobs.
$140 million grant and $50 million loan for Western Australia’s Myalup-Wellington project.
$3.6 million over five years to extend the Indonesia-Australia Red Meat and Cattle Partnership to help support beef exports to Indonesia.
$6.3 million to extend funding to give farmers access to a broader range of agricultural and veterinary chemicals. This is to support collaboration between growers, chemical manufacturers and rural research and development corporations.

The perfect property at an affordable price – its negotiation

So you’ve found your dream home, but it’s in need of a little TLC. While others may see this as a deterrent, this is actually a great opportunity to nab the house of your dreams at a price tag that’s within your means. Here’s how to tactfully negotiate the price without ruining your chances of securing the property.

Mortgage Broker Or Bank?

When you’re looking for a home loan, you could go to a mortgage broker or to a bank. While a bank will only offer you its own products, a mortgage broker is an industry expert who will take the guesswork out of finding the mortgage product that suits you and your needs.

It’s understandable that mortgage brokers are now the number one choice for consumers who are seeking a home loan or to refinance an existing loan. Businesses are also engaging mortgage brokers to help them with their financial needs from car and equipment leasing to loans to help their businesses expand.