Andrew is a leading finance strategist who holds a Diploma of Financial Planning (Financial Services). With over 27 years of experience in finance, Andrew has been acknowledged by the mortgage industry with multiple awards.Visit www.intuitivefinance.com.au/
Most people believe that if the banks deem you worthy of a loan for a certain amount of money, then you can logically afford to take them up on their offer. After all, the banks would not expose themselves to unnecessary risk by giving you more than what you can realistically pay them back, right?…
But do a few rounds of data constitute a property “slide”? Or are the markets just taking a well-earned break? According to CoreLogic head of research Tim Lawless, Australia’s capital cities saw a cooling of housing market conditions over the seasonally weak month of May with its hedonic home value index reporting a -1.1 per…
What documents do you need to apply for a home loan? Applying for a home loan can be life-changing and that makes it a big decision. Whether you’re looking to buy your first home, upgrading to a larger home, investing or even refinancing, we’re here to help make the process of getting the loan that’s…
No one likes to pay more interest on their mortgage than they have to. In fact, if you manage to reduce your home loan in a small way via a discounted interest rate, it can have big positive financial consequences in the years ahead. When homebuyers and investors start out on their property journeys,…
When it comes to interest-only lending, there are a few factors that determine whether it’s a good or bad strategy for borrowers. First up, if your whole portfolio is interest-only, then at some point your repayments are going to switch to principal and interest. You just can’t have interest only forever and at some point,…
The property cycle means that demand for properties in each state and territory can rise and fall depending on how the market in those locations are faring. It’s well understood that Sydney is at the top of its market cycle and Melbourne is perhaps not far behind. The third most populous capital city is Brisbane…
It appears the big stick is out on property investors again. The Australian Prudential Regulation Authority (APRA) recently announced that lenders will have to limit new interest-only loans to 30 per cent of new residential mortgages. This is on top of previous measures to limit new lending to investors to 10 per cent growth. I’ve…
Once a homebuyer or investor signs on the dotted line there is a bit of a waiting game before the property finally becomes theirs. During that time, there are a number things that can take place, including building and pest inspections if you haven’t done these already, finance approval and conveyancing. There is also something that…
It’s a rite of passage for Australians to head overseas to experience everything that the big wide world has to offer. This is even more so today with international borders usually open to qualified individuals who can add value to the ever-increasing number of global companies. While many Aussies usually find their way home again…
Lines of credit on home loans have been around for a while now and are not a new product in the mortgage marketplace. However, the problem is that it can be tempting for borrowers to use them as a cash machine that they never have to repay. So what is a line of credit and…
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