How redraw and offset accounts can save you money

How redraw and offset accounts can save you money

Offset accounts and redraw facilities work in similar ways; they both allow you to reduce the balance of your home loan, and therefore the interest charged, by applying extra money to your debt. Redraw facilities allow you to deposit spare income into your home loan...
Solicitors versus conveyancers

Solicitors versus conveyancers

The two are different, and it is important to have the right one on your team, in order to avoid paying too much while still getting the advice you need. Buying property is one of the biggest decisions most of us will make in our lifetime – it’s something you want to...
What comes first: the property or the loan?

What comes first: the property or the loan?

Delay arranging finance will weaken your negotiating position on both the property and the loan. Looking for a property to purchase is an exciting time. Choices regarding location, size, number of rooms, and local amenities often see house hunters carried away in a...
Why does my broker ask for so much documentation?

Why does my broker ask for so much documentation?

Providing your broker with the right documentation will save you time and money. 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 the following documentation: Identification,...
Small deposit no worry

Small deposit no worry

How to buy without a 20% deposit Insurance When you consider that a small flat in Sydney could set you back half a million dollars at the moment, saving a 20% deposit to buy that flat – $100,000 – can seem an insurmountable task. That’s where insurance can help....