Mortgage Experts Blog

Case study: Small scale development finance (5 or less dwellings)

Marty McDonald - Tuesday, July 12, 2016

When it comes to finance for small scale development or unit blocks on one title most lenders will deem it a commercial transaction if there are more than 2 or 3 dwellings involved. This is regardless of whether the property will be subdivided, strata titled or whether they will remain on the same title. Read more >

Labor | negative gearing | CGT

Marty McDonald - Friday, July 08, 2016

The breakdown: Labor’s Property Policy. Housing policy is certainly a contentious issue amongst Australians. With the 2016 election result still unknown (at time of writing) but with the likelihood of Labor eventually getting in to power in the next few years (this is how it usually works right!) I thought it would be useful to properly explore their policies to understand how they may affect you as an investor or a prospective investor. Read more >

Case Study: Multiple investment loans refinanced to save $10,000 pa !!

Marty McDonald - Wednesday, June 01, 2016

Multiple investment loans refinanced to significantly more competitive rates. Saved over $10,000 pa Read more >

Strategies for Managing a Temporary Reduced Income

Marty McDonald - Friday, May 06, 2016

Many families will experience a period of reduced income. This is for reasons such as maternity leave, long service leave and extended holidays. A savvy home owner plans ahead to ensure they can continue to make mortgage repayments without a cash flow crisis! Being informed about your options rather then just winging it is the answer. In my latest blog I discuss practical ways to get through these times. Read more >

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 >

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