by Maryanne | Oct 6, 2017 | Investor Loans, Mortgage Broker, Protection
It makes no difference if your building your investment portfolio because your Accountant has told you to get some Tax offsets or you like the idea of building your wealth and income through property.
The most important thing to be aware of when borrowing is Cross Collateralisation and the risks it can bring down the track.
What is Cross Collateralisation? basically it’s using the equity in your home (or current properties) to secure the new purchase to allow you to borrow 100% of the purchase price plus costs.
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by Maryanne | Aug 17, 2017 | Mortgage Broker, Protection
I’ve had so many clients ask recently when they need to get Home insurance on the home they are purchasing, and in each state the rules are slightly different.
The best person to advise you, depending on your circumstances, is your Conveyancer or Solicitor.
When you become legally responsible for a property, doesn’t depend on where you live, rather where the property is you are buying. For example if you’re in Melbourne, and you’re purchasing a house in Townsville, then you need to know what the law is for purchasing a property in QLD, and so on.
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by Maryanne | Apr 28, 2017 | Mortgage Broker, Protection
I have a duty of care to talk to all my clients about protection when they are borrowing money to purchase a house because I personally want to ensure they can continue to live the lifestyle they are used to regardless of what may happen in the future.
Typically, when I have this discussion with my clients they may h
ave something in place within their Superannuation (they are not sure what it covers and how much it covers) or getting quotes is on their ‘To Do’ list and has been along with combining Superannuation accounts and reviewing their Car Insurance.
Unfortunately, as important as personal insurance is it can only help you if you have something in place. So I asked Michelle from Protect Life Insurance to share her thoughts around some common questions my clients ask and here’s what she said….
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