Stamp Duty Explained
Stamp Duty Explained Stamp duty is a charge which is applied by State Governments in Australia on transactions relating to the transfer of land or property. By ROB WALMSLEY It is paid upfront and needs to be budgeted for in addition to your loan deposit. The amount of stamp duty you are required to pay […]
Solicitors Versus Conveyancers
Solicitors Versus Conveyancers A conveyancer is a solicitor that just deals with property, right? Wrong! By ROB WALMSLEY The two are different and it is important to have the right one on your team to avoid paying too much while still getting the advice you need. Buying property is one of the biggest decisions most […]
Housing Affordability
Housing Affordability We regularly hear about the housing affordability crisis in the news. By ROB WALMSLEY It’s said that this trend will continue in Sydney and Melbourne for the next 40 years, due to demand pressures and limited supply. However, it’s not all doom and gloom – there are steps we can take to make […]
Speed Up Your Home Loan Approval
Speed Up Your Home Loan Approval Asking how long it takes to get a loan approved is like asking how long is a piece of string. By ROB WALMSLEY Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some […]
Is A Family Guarantee Right For You
Is A Family Guarantee Right For You Entering the property market is no easy feat for a first home buyer, but even parents who aren’t prepared to hand over cash for a deposit may help by being a guarantor on a loan. By ROB WALMSLEY Before taking the plunge however, it’s crucial to be aware […]
Why Does My Broker Ask For So Much Documentation
Why Does My Broker Ask For So Much Documentation? No one likes paperwork, however, providing your broker with the right documentation will save you time and money. By ROB WALMSLEY What information will your broker ask you to provide? When you ask to enlist the services of a broker, they will probably ask you for […]
Who Are The Parties Involved in Purchasing Property
Who Are The Parties Involved in Purchasing Property? Purchasing a property is a thrilling yet nerve-wracking experience, which is why it can be hand to surround yourself with a network of support and expertise. By ROB WALMSLEY Here are the different parties who may be involved in your home-buying process and how you can use […]
How To Avoid Paying LMI
How To Avoid Paying LMI Lender’s Mortgage Insurance (LMI) is required in many instances when a loan is worth more than 80 percent of a property’s value, as well as in some other circumstances. By ROB WALMSLEY In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely […]
Stamp Duty Explained
Stamp Duty Explained Stamp duty is a charge which is applied by State Governments in Australia on transactions relating to the transfer of land or property. By ROB WALMSLEY It is paid upfront and needs to be budgeted for, in addition to your loan deposit. The amount of stamp duty you are required to pay […]
Save Interest and Pay Your Loan Off Sooner
Save Interest and Pay Your Loan Off Sooner Here are a few simple ways to save interest on your home loan and pay it off faster. By ROB WALMSLEY Organise a loan with an offset account. Any money sitting in the offset transaction account is money saving interest on your home loan. Use your home […]