When talking about property, Equity refers to the amount of the property value that is owned by the home-owner. When purchasing property, equity is initially dependent on how much of your own cash you use and is then over time is affected by changes in the property value.
Credit Scores – They’re the hidden numbers that constantly track our credit card behaviour, bank account balances, and loan repayments. These scores can go unnoticed for years until they are really required.
Every 3 months, the Chiefs will be giving away $1,000 in gift cards to a lucky winner who has referred us on to their friends and family.
The services conveyancers provide is quite broad and spans from pre-purchase all the way through to settlement when the buyer pays the remaining balance and becomes the new property owner.
The new financial year as of July 1 2023 brings in new opportunities for first home owners to enter the property market using government schemes that reduces the required deposit, while removing costly upfront fees.
We as homebuyers who have relied upon mortgages to help purchase property are always looking for ways to minimise our monthly repayments. The common strategy is refinancing to cheaper loans, however lesser known options are to utilise offset accounts and redraw facilities which can either fully remove, or minimise the interest charged to borrowers.
Soaring house prices over 2021 have reduced housing affordability for many homebuyers, especially younger first-home buyers. Saving up a 20% deposit is difficult at current prices, causing many to purchase property with a low deposit, leading to a downward spiral as the lenders charge LMI fees, further increasing the cost of purchasing.
Over the weekend, the Australian Government announced its economic support package to help Australians who are under financial stress as a result of the Coronavirus.
As Movember comes to an end The Chiefs have managed to help raise some SERIOUS money with our team Securinvest raising a total of $1,320 so far.
If we were to ask you what your goals are for this year, or the next three years, or the next ten years, what would you say?