Everything you wanted to know about buying a home
Ready to make the leap from renting to buying a home? Well, before you begin the search for your perfect home there are lots of questions to ask yourself. Here are some of the big ones.Read Full Article
What is responsible lending and why does it matter?
Whether it’s due to over-enthusiastic lenders or desperate borrowers, failure to adhere to robust lending standards can land some borrowers in serious financial distress. In many cases the difficulties experienced by these borrowers could have been avoided if the lenders had complied with their responsible lending obligations.Read Full Article
Is it time to review your home loan?
In early June, for the 20th consecutive month, the Reserve Bank left interest rates on hold. That doesn’t mean you shouldn’t be reviewing your existing loans, or exploring investment opportunities. More often that not, there’s a better deal available, and we all know any saving is better in your pocket than the bank’s!Read Full Article
Claiming Expenses on Investment Property
Rental properties often need upkeep and sometimes, more significant repairs. However, in the eyes of the Australian Taxation Office, not all types of expenditure are equal!Read Full Article
Why more investors are opting for brokers.
A recent survey conducted on Australian property investors revealed that they are increasingly turning to mortgage brokers for lending, with 75% of investors stating that they had used a broker, and 83% of investors intend to use a broker when seeking their next loan.Read Full Article
One third of Australians are lazy borrowers and some are entirely clueless about their mortgages!
Australians have a reputation for being serious about sport, barbeques and cars, but when it comes to being serious about their home loans, one third of Australians are wading in the quagmire of lazy borrowing – and 11% of Aussies may not even know what kind of home loan they have!Read Full Article
What is a Comparison Rate?
When an interest rate is advertised on a home loan, have you noticed there is a comparison rate beside it? Many people just focus on the interest rate and don't notice the comparison rate.Read Full Article
RentVesting – What is it and why has it become so popular?
RentVesting is where a person acts as a Landlord and a Tenant – by renting out a property they have purchased, and simultaneously paying rent for the place they are living in. There are two main categories people fall into when RentVesting – the ‘accidental’ and the ‘strategic’.Read Full Article
A Guide to Home Loan Paper Work
We see many happy faces when we tell people that as your mortgage broker we can help simplify the paperwork process because we know what lenders are looking for when it comes to assessing an application.Read Full Article
How to Get Ahead On Your Home Loan
Just putting an extra $50 on your home loan repayment every month can save you close to $14,000 in interest over the life of a standard loan (based on a loan of $300,000, 5% interest rate and 25 year loan term) .Read Full Article
Home loans - fixed v variable, which is better?
Often clients ask us if they should switch their home loan from variable to a fixed rate. No one truly knows what will happen with interest’s rates, but benefits can be obtained by choosing the right type of loan at the right time.Read Full Article
How to Reduce Capital Gains Tax While You Are Away.
For many people, the single biggest asset they will own is the family home. Luckily, the Main Residence Exemption means Capital Gains Tax is not payable upon sale of this asset, under most circumstances. However, if you leave the property for an extended period of time, or you rent the property out, you may only be eligible for a partial CGT exemption. But the good news is there are two rules which can be applied to help to reduce the net Capital Gain – the Temporary Absence Rule and the Market Value Rule.Read Full Article
What would you do with an extra $240 per month?
Australian home owners are missing out on potential savings of $240 per month by not refinancing their home loans to get a better deal. Could you be one of them? Ask about our no obligation, mortgage-broking service to find out more.Read Full Article
5 Top Tips for Choosing a Mortgage Broker
We understand that it can be hard to know what to look for when engaging a mortgage provider. As BCV Financial Solutions launch our mortgage broking service, we share our five top tips to choosing a broker to help guide you through the process.Read Full Article
The lowdown on negative gearing and proposed tax reforms
Anyone who has taken an interest in business or political news over the last few weeks will have no doubt heard many references to the proposed changes to Negative Gearing (and Capital Gains Tax) put forward by the Opposition Labour Party. Before...Read Full Article