Finance for renovations

https://twitter.com/SkyNewsRE/status/842933786044059648 Interview on property finance for renovations, and talking about how my book, property finance made simple, will assist anyone who wants to buy a house or borrow against their property.   It is so important to not finance renovations using a credit card or personal loan. Obtaining a mortgage if a smarter move, it […]

Household debt likely to stand in the way of rate hikes

Official interest rates are at historic lows and it seems unlikely that they are going to be increasing in the near future. Furthermore, don’t expect interest rates to return to historic average levels due to record high levels of household debt.   https://www.linkedin.com/in/andrewccrossley/recent-activity/shares/    

Line of Credit and Offset Account

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Line of Credit and Offset Attached is a link to a Line of Credit and also an Offset account. I contributed to the LOC article. It highlights that clearly an Offset Account is better. A LOC is dangerous in the wrong hands. http://www.realestate.com.au/blog/explainer-loc-line-c

positive credit reporting

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Positive credit reporting (part 1 of 4 due to limit of test here) Mortgage Brokers Many brokers are not aware what this will mean for their clients as very little has come about as yet. There are 4 main levels of credit reporting which lenders can choose to partake in. The potential

fixed rates

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This is an interesting article in property observer “It appears that the floor hasn’t been seen for some home loan products, with Greater Building Society cutting their fixed rates on two, three, four and five year fixed rates for its packaged home loan, the Ultimate Home Loan

Mortgage Broker

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What to consider when using a mortgage broker There are many benefits attached to using a broker, the industry they operate in is known as ‘third party’ because brokers have access to a panel of lenders, and brokers offer the public the lenders’ products. Theref …