A new report, from Housing Australia, has revealed that about one in three of all first home buyers in the 2022-23 financial year used the federal government’s Housing Guarantee Scheme (HGS) and its three different assistance programs.
Property investors, are you absolutely certain you’re declaring your income correctly come tax time? We’re seeing a very common trend of investors being audited (and worse still, fined) on account of not fully understanding (or perhaps ignoring) some of the guidelines around lawful deductions on investment property.
We look at some common traps…
A pre-approval is a conditional approval granted by a lender that allows you to apply for a home loan up to a certain limit. It allows you to focus on your property search with a clear idea of affordability in mind. The document requirements are similar to full formal approvals as the lender must consider your income, current commitments such as other loans or credit cards, living expenses, deposit, and funds to complete the purchase.
People and businesses generally refinance for 1 of 4 reasons:
If any of these reasons relate to your current personal or commercial loans, perhaps it is time to look into your refinancing options, and there’s no better place to start than with a qualified professional. A mortgage broker can help you wade through the pros and cons of re-financing, but first let’s look at a few reasons to consider before making the move toward refinancing.
Thinking about refinancing?
Refinancing doesn’t only apply to home and investment property, you also have the same scope to refinance commercial property and business lending.
People and businesses generally refinance for 1 of 4 reasons:
If any of these reasons relate to your current personal or commercial loans, perhaps it is time to look into your refinancing options, and there’s no better place to start than with a qualified professional. A mortgage broker can help you wade through the pros and cons of re-financing, but first let’s look at a few reasons to consider before making the move toward refinancing.
Chances are, if you have thought about purchasing or refinancing commercial property you may have decided against using a commercial finance broker believing you will save money by going straight to the lender. While it seems like a reasonable belief, this is actually a myth...Here is a quick break down, and only a few of the ways you profit from using a commercial broker, such as TMFG.
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