Genuine Savings...time to save!
Genuine Savings: Genuine savings are a requirement where we are borrowing more than 90% of the value of the house and simply put it means...
LVR - Loan to Value Ratio
Loan to Value Ratio (LVR): The percentage of the value of the property that you propose to borrow. Why is this important? Well if you are...
Interest only loans
Interest-Only Loan: Under an interest-only loan, usually the borrower makes no principal repayments. The repayments are for the amount of...
Equity...the bit of property you own!
Equity: The value which an owner has in an asset over and above the debt against it. Eg the difference between the value of a property...
What is a Deposit Bond?
What is a Deposit bond? A deposit bond replaces the deposit you are required to pay when the home you are buying is “exchanged” (that is,...
Understanding capital gains tax
Lets talk about investing and capital gains tax The number one reason I hear for not investing in property is “I don’t want to pay...