Mortgage Experts Blog

How to choose an Investment Property without getting burnt

Marty McDonald - Tuesday, April 05, 2016
How to maximise your chances of choosing a good investment property (and minimise the chances of being burnt). Check out my guide below.  Read more >

What do I do if my income is outside base or usual income?

Marty McDonald - Wednesday, March 09, 2016
Following the latest APRA requirements, many banks have introduced policy changes to their net surplus calculators. These changes see a tightening on what types of income is accepted when applying for a loan. With certain banks, different incomes such as commission, overtime, shift penalties and bonuses are only accepted 50% as a common practice or not at all. However particular lenders still accept up to 100% of this unusual income. Policies can be quite strict but working with an expert that knows them inside out can insure that you get the best set-up for your specific situation and income type. 
Commission   Read more >

How using a broker can add value for doctors and other specialist professionals

Marty McDonald - Monday, January 18, 2016

For medical practitioners and some other professionals as noted below a few lenders are offering Lenders Mortgage Insurance waivers (L.M.I. for short) when borrowing up to 90% of the property value. This can save tens of thousands of dollars! The other plus is the ability to access 90% LVR's for investment loans which some lenders restrict to 80% currently.  Usual policy dictates that when a borrower takes out a loan with a Loan to property value ratio above 80% there is an added cost of LMI to protect the lender as the loan is perceived as high risk (check out the LMI page for more).  Read more >

Home Loans on Maternity Leave

Marty McDonald - Thursday, December 17, 2015

It is common for new mums to take a period of time off to care for their newborn. At this time couples are also considering their future and often want to upsize into a home more suitable for a family.  Read more >

Top 5 things to avoid when choosing an investment property

Marty McDonald - Thursday, December 03, 2015

Not all streets are created equal - finding the sweet spot for capital growth.

Marty McDonald - Thursday, November 19, 2015
As investors we are generally very focused on the growth prospects of a city, region and the individual suburbs that are in prime position to increase in value. Read more >

How to best access your equity & the Investing in the post APRA environment.

Marty McDonald - Thursday, November 05, 2015
From a lending point of view there are really only two things property investors need to keep investing successfully. Equity to leverage off and the capacity to prove serviceability to lenders so you can keep using their money to invest.  Read more >

Everything you need to know about Bridging Loans

Marty McDonald - Monday, November 02, 2015
Many home buyers encounter an unpleasant scenario where their dream home is found but their current property has not been put on the market yet. Or it is on the market but buying now would mean they have to accept a low price for their current home so that they can marry up the two settlement dates not to mention it puts them in a stressful position. While many may see limited options in this situation, utilising a bringing loan can allow the home buyer to act quickly and confidently, purchasing their perfect house before the current one is sold and in most cases capitalising on the situation. A bridging loan allows home buyers to upgrade properties in a seamless manner. You won’t need to co-ordinate settlement dates or find temporary housing and will be ready to buy from the moment you enter the highly competitive housing market. Read more >

New Mortgage Insurer sees Cheaper LMI Premiums

Marty McDonald - Thursday, October 22, 2015

Earlier this year one of Australia’s big 4 banks ended their long-term mortgage insurance partnerships with both the major LMI providers (Genworth Financial and QBE) and struck a deal with a new overseas based player. This is relevant because it is bringing some long needed competition back to the LMI market. Finally. Read more >

Top 5 most common investment loan mistakes

Marty McDonald - Wednesday, October 21, 2015

Top 5 most common investment loan mistakes or problems that individuals face. Investment properties are a learning process filled with hiccups that help us make better decisions in the future. At least if you follow our advice regarding these 5 mistakes, you'll be able to get it right the first time.  Read more >

What our clients are saying

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