Being assessed for a home loan can sometimes feel a bit like a police interrogation – all that the paper-based third degree is missing is a swinging overhead lamp in a small, dingy room! But banks want to know absolutely everything possible about your expenses to ensure that you’re in a position to service your…
Articles by Andrew Mirams
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
We had some long-awaited news recently which everyone in the housing and finance sectors rightly celebrated. Now, I’m not talking about the Federal Election result – although that was good for the property market with the Coalition winning, given Labor’s stance on removing negative gearing and reducing the CGT discount. Nor am I referencing the…
The property sphere is filled with specialists who can help maximise the financial outcomes from your real estate portfolio. From solicitors to building inspectors and accountants to mortgage brokers, there are many smart minds eager to guide you across all the challenges of investment. Most buyers know about the key advisors, but there is one…
I’d almost be willing to bet you that you’re paying far too much interest on your home or investment property mortgage. For many Australians, complacency is one of our great sins! No matter whether you got (or at least thought you got) the best deal available when you originally did your loan application, I’ll back London…
We keep hearing about a supposed interest rate cut that is “coming” as is it is going to miraculously fix all our spending problems and put much more money in everyone’s back pockets. Oh dear, if you really think this is the case, you are sadly mistaken! Don’t get me wrong, to pay less on…
Stamp duty is one of those extra costs that is rather easy to forget when you’re buying property but can really add up to your total cost. It is tempting to dismiss it when deciding what you’re willing to pay for your next Investment property but don’t fall into a trap. Depending on the property,…
There appears to be an increasing amount of media commentary about mortgage stress of late. This is mainly because of the “threat” of rising interest rates because, as I’ve written about before, rates can’t stay historically low forever. While most smart homebuyers and investors haven’t overstretched themselves financially – and have worked with professional mortgage…
Like everything that has a financial impact on you – your home and/or investment loans, your personal insurances, your phone contract etc – property management is no different. Rental property markets across the country are constantly changing based on local market forces. In Sydney, after some spectacular rises, the market is tighter than it has…
Did you know that the banks are still in the business of lending money! Billions of dollars in dwelling finance commitments were approved in September in Australia. That’s right, according to the Australian Bureau of Statistics, tens of thousands of dwellings were financed in one single month for either owner occupiers of investors. There is no denying…
What is a mortgage offset account and how can it benefit property investors? With all the different mortgage options available and the mortgage offset account often touted as a major feature of the loan, it pays to know how to use it to save money and get ahead on your mortgage repayments. Mortgage offset…
