Borrowers will finally be rewarded for having a great track record..

Historically, your credit report has only ever provided a record of applications you’ve made and any defaults listed against you for loan repayments not made, or even the dreaded telco bill you weren’t aware of. Because of this loan applications are assessed using general statistics for the likelihood of you not paying your loan on …

Do Interest Only loans make sense anymore?

House on grass

Until earlier this year, interest only loans made a lot of sense! There was no premium charged on interest rates on interest-only loans over and above principal and interest loans. This allowed them to be used strategically in a number of ways both for investors and future potential investors at no extra cost. There has …

Buying property at auction

Purchasing at auction is on an unconditional basis, which means you cannot include any conditions to protect yourself from the unforeseen, such as: subject to finance subject to pest and building inspections subject to searches There is no cooling-off period so if you are the successful bidder, you will have to settle the contract even if: …

Interest only loans and homeowners

Until a few months ago there was no premium charged on interest rates on interest-only loans over and above principal and interest loans. This allowed them to be used strategically in a number of ways at no extra cost. Examples, some of which may have been your reasons for choosing this option, include For those …

Buying “Off Plan” from a finance perspective…

So this was going to be a short couple of paragraphs on some common pitfalls around financing ‘’off plan purchases”, mostly to help a client understand the transaction they are currently contemplating… but here we are now and it’s almost “War and Peace”. You’ll be forgiven for wondering what I’m on about as a finance …