When you’re buying property in this market you need to move fast. Days on market are short at the moment (although they are starting to stretch). Property prices are still rising, although the pace is slowing, and if you’re sifting through the available properties when you find The One you need to be ready to…
Articles by Andrew Mirams
Andrew is a leading finance specialist who holds a Diploma of Financial Planning (Financial Services). With over 32 years of experience in finance, Andrew has been acknowledged by the mortgage industry with multiple awards. Visit IntuitiveFinance.Com.Au
Many homebuyers are, not surprisingly, happy couples looking to fly the old family nest and establish their own, new residence. Without a second thought, they go through the motions of acquiring a said house in their blissful state of togetherness; often putting both names to the mortgage contract. But there are some important considerations when…
Interest rate bingo entails making a successful guess about when we’ll see our first interest rate rise in Australia since 2010, and for most of the year, it’s been even money that the increase will come in early 2024. Ever since November 2020, when the Reserve Bank of Australia (RBA) cash rate landed with a…
A home improvement loan is a term that is increasingly being used in Australia but is largely a US phrase that’s been imported. It describes a type of loan that is a separate product to the mortgage you might already have and is generally used to renovate a property. People may choose a home improvement…
As a mortgage broking business operating in the personal finance space, we see a large group of clients, a diverse group of clients, whose money management skills span the spectrum from those who don’t have any experience to those who have a lot. The one thing all our clients have in common is a drive…
There’s a considerable amount of media interest in the housing market at present fuelled by sharply rising house prices. While this means it’s going to be increasingly challenging for first home buyers to get into the market, those already on the property ladder can look at their current home loan arrangements and make some potentially…
If you’ve been paying off your home loan for a few years and have built up some equity, it might be time to have a look at your home loan and see if it’s still the best package for you. If not, it’s time to look at your options. One of those options is to…
Australians are on a massive home shopping spree, borrowing to buy property at rates not seen before in this country. However, our bricks-and-mortar spendathon may be about to hit a snag as warning bells sound over soaring debt levels. Homeownership bonanza Recent ABS data has confirmed what most of us already knew – that the…
Typically, the steps to securing a loan including provide a few payslips that will serve to demonstrate your reliable, consistent income. Most of the time one or two will do, maybe three at most. And some documents that establish how long you’ve been employed. Relatively speaking, it’s a straightforward process. Unless you’re self-employed of course…
Saving the deposit for your first property is one of the hardest parts of getting into the market. In fact, it’s always been that way. But, with property prices in Sydney and parts of Melbourne now much higher than in years gone by, saving a big enough deposit is certainly not getting any easier. But…