admin-ajax.php

Articles by Mario Borg

Avatar for Property Update

Mario is professionally qualified as an MBA, a qualified Accountant, and a Finance Strategist with over 30 years experience in financial services. Mario has personally built a multi-million dollar property portfolio and is an active and passionate property investor and developer. Mario has been acknowledged by the mortgage industry with multiple awards. Visit http://www.marioborg.com.au/


7 reasons why P&I loans now make more sense
2

7 reasons why P&I loans now make more sense

As the saying goes, if you’re standing still, you’re going backwards. Up until 6 months ago, deciding on P&I or IO repayments was easy, as the interest rate was the same for either, and the repayment type didn’t impact your borrowing capacity. Today, it’s a very different story. Let me explain.  A couple of months back I…

Is ‘The Block’ TV reality show derailing you as an Investor?
0

Is ‘The Block’ TV reality show derailing you as an Investor?

No doubt you’re familiar with the TV reality show The Block, hosted by Channel 9 (in Victoria).   The reality show finished its 13th series at a site in Elsternwick, Victoria. The show has attracted a very large following (audience) over the years, making it a very profitable venture for the Channel 9 network. Ask yourself, has the success of the show derailed you as a property investor and…

Prioritise to improve your borrowing potential
0

Prioritise to improve your borrowing potential

Knowing your financial priorities is now even more important when it comes to borrowing money, in fact it will be your secret weapon. Borrowing money is necessary (for most people) when buying a home or an investment property. The debt you take on, and the order which you do it in, will impact how much you can borrow and when….

What happens when your home loan repayments change to P&I?
0

What happens when your home loan repayments change to P&I?

A major conversation topic for home loan borrowers right now is… Principal & Interest (P&I) or Interest Only (IO)..? As boring as the topic may sound, it’s very important to address it given that ~75% of the Australian population has a home loan or an investment loan.  Over the next few years there will be thousands of home loan customers…

Credit is tightening… so what can you do about it?
0

Credit is tightening… so what can you do about it?

Australia’s banking watchdog APRA is worried about the housing market overheating and exploding. To counteract this perceived risk, APRA has changed the rules of play which Authorised Deposit-Taking Institutions (ADIs) must adhere to when assessing loan applications. Read APRAs letter here. In summary, APRA expects ADIs to adhere to the following:  Limit the flow of new interest-only (IO)…

Are Interest Only loans still your best option?
0

Are Interest Only loans still your best option?

Interest rates are a hot topic right now.  Up until recent times, home loan rates were identical to investment loan rates. Over the last few months, banks have been slowly increasing interest rates to the point where Interest Only (IO) loans are 1% higher than Principal & Interest (P&I) loans. With a 100 basis points’ price difference, one must consider whether it still makes financial sense…