Austral Mortgage Corporation, mortgage calculator, Mortgage rates, Mortgage, loan calculator, ...

First Home Buyers get a helping hand from governments in Australia

Vicky Edema — Mon, 01 Dec 2008 00:00:00 +0100

A First Home Buyer is in the box seat with the Federal Government’s increase in the first home owners grant from $7000 to $14,000 (for a first home buyer purchasing an existing dwelling ) and to $21,000 (for a first home buyer buying a newly constructed property.)

In its November 2008 mini budget, the NSW State Government provided another “kicker” by making a further $3000 available as a grant to a first home buyer purchasing a newly constructed first home or unit. [...]

Best investment loan structure for those investors who also have personal debt

Vicky Edema — Tue, 11 Nov 2008 00:00:00 +0100

Most investors in Australia have a home loan. Most investors use the equity in their home property to help them on the road to wealth with their first investment property or share acquisition. In the past most investment loans were standard long term facilities with an initial interest only period of say 5 -10 years after which they converted to principal and interest. Most properties are negatively geared with investors using their personal income to subsidise the shortfall between interest on [...]

The best investment loan will always include an interest only period as well as a capitalising line

Vicky Edema — Tue, 11 Nov 2008 00:00:00 +0100

As a general rule most property investors have already purchased a home over which they still have a home loan. This loan is on a principal and interest basis and most cif not all financial planners will advise you to pay of your home loan as quickly as possible because the interest you pay on it is not deductible. Quite often, property investors in the market for the first time, when looking for an investment loan simply go for an investment loan product that is much the same as their home loan [...]

A good time to consider debt consolidation

Vicky Edema — Tue, 11 Nov 2008 00:00:00 +0100

I was sitting watching the TV this week when a ad came on promoting a leading bank’s new credit card offering. It looked very attractive in that it offered a rate of less than 3% p.a. on your existing credit card balance when transferred through debt consolidation. With the global credit crisis upon us, credit card interest has increased significantly with many credit cards now charging 19% + for retail purchases and cash advances. That is very expensive money when compared with the rate o [...]

Debt consolidation � a good or bad move?

Vicky Edema — Thu, 30 Oct 2008 00:00:00 +0100

Many investors when they are considering the purchase of an investment property fail to ensure that the structure of any investment loan that they enter is correct, particularly for tax purposes. Borrowers simply approach their existing lender and ask for an investment loan. The lender invariably looks to their home loan and taken there is sufficient equity might suggest that the borrower increase that loan by the purchase price as opposed to restructuring it to separate the investment loan from [...]

Do not under estimate the importance of structure when negotiating your investment loan

Vicky Edema — Thu, 30 Oct 2008 00:00:00 +0100

What the best investment loan should offer you Part 2

Vicky Edema — Fri, 19 Sep 2008 00:00:00 +0100

As discussed in Part I there are many astute property and share investors in Australia who often fail to ensure that the investment loan they take offers the best available features and most tax efficient investment loan structure for them.

When considering an investment loan you should ensure that you maximise your investment loan and that the interest rate is competitive (but not necessarily the cheapest – do not sacrifice features for interest rate); you should take the inve [...]

A good investment loan can make a good investment better

Vicky Edema — Thu, 04 Sep 2008 00:00:00 +0100

If you have a home loan but also equity in your home property and are wanting to purchase an investment property to build wealth, then it is important to research the investment loan market to make sure that you apply for an investment loan that really works for you. When you apply for an investment loan, most lenders will simply offer you their standard term investment loan. Quite often they will seek to structure the investment loan so that it is on a principal and interest basis. While ever y [...]

Looking for an investment loan � you�ll get a better deal in Australia by talking to a mortgage bro

Michelle Kour — Tue, 02 Sep 2008 00:00:00 +0100

I was recently in the market to buy an investment property and checked with my bank to see what they could offer me on investment loan. I had thought that the interest rate on an investment loan would be no different to the interest rate on a home loan but I discovered that with my bank at least I would be charged a higher interest rate and fees on my investment loan than I would had I been applying for an owner occupier home loan.

I decided to check out what other lenders had to off [...]

Direct Investment in property in Australia through a good investment loan

Michelle Kour — Tue, 19 Aug 2008 00:00:00 +0100

An investment property is becoming a more popular choice for those seeking to create a revenue stream and also achieve capital growth through the investment property value increasing over time.

This can also be part of a strategic financial plan and should be considered by investors as part of a diversified portfolio. When considering an investment purchase you should also source the best investment loan structure for you. With any investment your investment loan can make a differenc [...]

My little nest egg � an investment loan helps me secure my investment property in Australia

Michelle Kour — Tue, 19 Aug 2008 00:00:00 +0100

I recently decided the time was right to utilise some surplus cash I had available and began looking to purchase an investment property. Whilst it would have been easy to just dive in and find something that I could afford regardless of the location or potential growth, I thought it best to do some research knowing that my investment property was more than likely going to be a long term property investment for me. Timing was also good from an income perspective –I good easily demonstrate m [...]