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Top ways to cut your expenses and increase your savings

Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference. On top of a budget, a savings plan and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate expenses....

How to avoid paying LMI

Lender’s mortgage insurance (LMI) is required in many instances when a loan is worth more than 80 per cent of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely payable. Here’s how you can avoid...

Selling your home? Here are the first steps to take

There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get the largest return from your investment and to ensure the process runs as smoothly as possible. Choose a quality agent Asking family...

How to speed up your home loan approval

Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do to help hurry your application...

What comes first: the property or the loan?

It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan. Looking for a property to purchase is an exciting time. Choices regarding location, size, number...

Are you pre-approved?

Why get a loan pre-approval? What is it? How could it help you? Well, just imagine you have some money saved up or have equity to invest and you’re thinking about a property purchase – perhaps to live in or as an investment. But how do you know where to start if you don’t have...

Why use a broker?

Like many people, have you never really gauged why you’d use a broker? Have you ever thought “can’t my bank just organise my finance?” Well sure, but without a broker, it’s a bit like going to a shopping centre, walking into the first shop and buying the third item you try on, because the salesman/woman...