Buying & Selling

There are many perks to working for yourself, but when it comes to applying for a home loan, it seems being your own boss sends up a red flag to banks and other lenders. Why? A salaried employee has a regular, steady income and is less likely to experience the cash flow volatility of a small business owner, contractor, entrepreneur, tradesperson or freelancer. Yet by being proactive and accessing specialist advice, self-employed applicants can also enjoy a successful and hassle-free road to securing a home loan. Try these top tips for starters.  1. Seek expert advice Trying to navigate the home loan landscape solo may not produce the outcome you desire. There are many experts who can help self-employed people access a home loan,
Getting a foot in the door of your dream home might be getting harder, but talking to a mortgage broker could get you the keys more quickly. Purchasing a property in today’s housing market is not for the faint-hearted. Would-be homebuyers have only to turn on their TV – or check Facebook or Twitter – for the latest news informing them that their dream home is slipping further out of reach. When you add in the challenge of sourcing the right loan, first homebuyers can be forgiven for thinking twice about taking that first step on the property ladder. But the truth is, it’s not quite as hard as you think. Research has shown that mortgage brokers are helping buyers with over 50 per cent* of all new housing
The real estate market can be tough for young adults, but as a parent you may be able to lend a helping hand. We tell you how. 1.  Parent-to-child loan A parent-to-child loan is when a parent lends their child money. This is a formal, legally binding arrangement, administered by an independent third party. At the start of the loan period, both parties agree to terms including repayment amounts, a schedule and a process to manage defaults. Benefits: You can set generous terms for your child, but your assets, savings and credit rating are somewhat protected as you are not the borrower. Drawbacks: There are legal implications for your child if they have a spouse and the relationship breaks down, in that the spouse
If you are thinking of purchasing your first property, there are a number of things to consider, including your financial status and personal circumstances. (1) Think about why you want to buy a home Are you buying a place to live in or will it be an investment property? The answer to this question can help determine the kind of loan you apply for and home you buy, depending on your short and long-term plans.  (2) Research potential properties and loans Knowing the market is crucial, so sure you conduct some research on the areas you are looking at, check out price trends, as well as auction clearance rates and recent sales. Once you are aware of what you are looking for and the
Whether it is your first home or third property, it is an emotional journey and it’s easy to get carried away with the fun part of looking at houses. This should not distract from the less exciting, but equally important task of arranging finance as it will likely strengthen your negotiating position on both the property and the loan. Buying property is an exciting time. Choices regarding location, size, number of rooms and local amenities often see house hunters carried away in a deluge of daydreams and anticipation. Before getting caught up in the search, it’s important to get the essentials sorted first. Organising finance may seem boring in comparison to perusing sales listings, however gaining pre-approval with a lender will give you confidence

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