Articles

Is Housing Affordability in Brisbane really a problem?

Is Housing Affordability in Brisbane really a problem?

Housing affordability is a hot topic of late, with prices at an all-time high and first home buyers requiring using their parents’ assistance more than ever before. Here’s the figures. House Prices vs Gross Income Based on information collected from Peter Abelson and Demi Chung’s Paper on Housing Prices, the Australian Bureau of Statistics Residential […]

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Cross-Collateralization Explained

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Cross-Collateralization Explained

Cross collateralization is the process of using collateral from one loan as the security for an additional loan(s).   There are very few benefits of cross collateralization for the customer, but unfortunately many people still fall victim to it. A common situation where cross collateralization occurs is when a home owner wants to use equity in their owner-occupied house to purchase […]

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The Cost of Buying a House in Queensland

The Cost of Buying a House in Queensland

There’s a few different opinions on how much money you actually need to navigate the entire purchase of a house, so I’ve put together this article to give you an accurate breakdown of the various costs. I’ve based all relevant costs on a standard house valued at $400,000. Conveyancing Costs It is possible to do […]

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What does a Mortgage Broker do?

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What does a Mortgage Broker do?

A Mortgage Broker is an intermediary between a borrower, and a bank or other lender.  A Mortgage or Finance Broker will check your situation against the policies of multiple banks/lenders, and give you a variety of options to choose from.  Depending on the Broker, they can have access to over 20 different lenders, essentially giving […]

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The Home Loan Process

The Home Loan Process

Getting a home loan can be very confusing, especially if it is your first time, and as such, I have written this article to break the process down into many simple steps.  Whilst the process does vary from lender to lender, it is generally very similar, and looks a little like this: Initial Interview with […]

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The Home Buying Process

The Home Buying Process

There are multiple ways to navigate the home buying process; but, the most common and simple way looks a little like this: Talk to a Mortgage Broker or Banker Whilst this step is optional, it is highly recommended.  By seeking advice on your finances first, it can give you an idea of whether you can […]

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The Car Loan Process

The Car Loan Process

Unless you’ve been through it before, you may have no idea how to get car finance, which may result in you paying far too much.  I’m always available to help you through this process; however, I’ve written this article specifically to help you understand the process a little bit yourself.  Select your car and get […]

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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. 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 differs in each state, however there […]

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Pre-Approvals Explained

Pre-Approvals Explained

Before looking for a house, many borrowers look at getting a pre-approval in place so they can enter a contract with a bit more confidence.  A pre-approval is actually a full loan application with the lender of choice, but without an actual purchase property; thus giving the lender a full overview of the customers background […]

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Mortgage Broker vs Bank

Mortgage Broker vs Bank

Mortgage Broker vs Bank, which one should you use and why?  Whist both a Mortgage Broker and a Bank have similar roles, (as explained here) I have listed the pros and cons of each below, so you can make the informed decision yourself. Pros: Mortgage Broker Access to multiple banks and products, presumably meaning you will […]

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