by Maryanne | Nov 9, 2017 | First Home Buyer, Mortgage Broker
If you were watching channel 7 the other night you may have been pleasantly surprised to see in some cases you can get into your First Home with as little as $2000 of your own savings.
Since the segment aired I have seen an uproar on Social Media, so many Frist Home Buyers wondering what the catch is, if it’s true and what it means for them.
So this week in the blog I thought I would take you through some of the pros and cons so you can see if it is something that might suit you in your circumstances.
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by Maryanne | Sep 21, 2017 | First Home Buyer, Mortgage Broker, Saving Money
There’s so much talk about helping First Home Buyer’s get into their first property, and yet, at the moment there is limited help being supplied.
Offers such as, discounts on Stamp Duty, special Grants and First Home Super Saver account but it isn’t enough to get more First Home Buyer’s out of their rental properties and into the property Market.
I have had countless appointments with First Home Buyer’s that I wish I could have spoken with them 12 or 24 months beforehand to go over what they need to do to put them in the best positon to be purchasing their First Home. Things like, how much they need to save, how they need to structure their banking, what debits will have a negative impact on their borrowing capacity and much, much more. All these things can either set you up for success when you do decide to enter the Property Market or set you further back.
And the good news is… help is on the way!
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by Maryanne | Sep 15, 2017 | First Home Buyer, Mortgage Broker
When you are getting close to the settlement of your property you will need to make arrangements for the remaining of your deposit so it is available at settlement. This can be done in two ways,
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by Maryanne | Sep 7, 2017 | First Home Buyer, Mortgage Broker
Have you found your dream home? are you ready to put in an offer to the Vendor? Here’s what you need to know before you do… (more…)
by Maryanne | Aug 31, 2017 | First Home Buyer, Mortgage Broker
If you’re about to start house hunting and you have a preapproval in place, you need to check if that is a preapproval, or a fully assessed preapproval and here’s why.
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by Maryanne | Aug 24, 2017 | credit card, First Home Buyer, Mortgage Broker, Saving Money
Savings accounts are a great place to store extra funds or save for your deposit however if you have a loan or credit card debt then you should reconsider your savings account…
In my years working for one of the Big 4 Banks I saw a lot of clients young and old with all types of savings accounts. Savings accounts are a great way to store extra funds whilst making some interest from the bank.
The only issue I see is a lot of people keep their savings account even after they get a personal loan, home loan or credit card balance. In some cases that’s fine, a great way to keep your savings separate and some loans don’t allow you to ‘offset’ your savings however if you do have a loan (of any kind) that will allow you to offset your savings then consider this;
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