Burne your Debt

An insight into everything “mortgage”

How to Get Pre-Approval for Your Home Loan

Buying a home, whether as a “First Home Buyer” or “Next Home Buyer”, can be daunting at the best of times. But the stress of getting finance can be alleviated by securing a ‘Pre-Approval’ with your lender of choice prior to going house hunting. Here, we show you how it works.

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Top 10 Questions First Home Buyers Ask

The process of buying a property as a “first home buyer” (FHB) can be daunting at best, but it doesn’t have to be. Here we break down the top 10 questions that first home buyers ask us.

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The First Home Buyer’s Assistance Account – The Other First Home Buyers Grant You Need to Know About

It’s quite surprising how few first home buyers in Western Australia know about he “First Home Buyers Assistance Account” (FBAA). A state government scheme administered by the Real Estate and Business Agents Supervisory Board, the FBAA grant is available to first home buyers who purchase an established property or partially built home.

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The Comparison Rate – What You Need to Know

You may have seen it sitting beside an advertised interest rate or flagged in the fine print on the bottom of Lender websites, but do you know what a comparison rate means and why it’s there to help you?

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What to Do if Your Bank Will Not Extend Your Interest Only Term

Recent changes in the investment lending landscape have resulted in banks taking a much stricter approach to interest only loans. One outcome facing many investors is the limitations now imposed on extending interest only terms.

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Online Mortgage Calculators: The Black, White and 250 Shades of Grey of Self-Calculating

With the current treasure trove of online information at our finger tips, it’s easy to consider ourselves experts on just about anything. As Mortgage Brokers we see  the positive and negative effects of readily available information, as new and existing mortgage holders seek to arm themselves to the teeth ...

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Mortgage Broking Myths – Why You Shouldn’t Believe Them

With the current Royal Commission proceedings playing out, it’s clear the spotlight on the financial services industry is shining bright. Consequently, recent conversations in the media about Mortgage Brokers, what they do and how they do it, are not always presented with reasonable accuracy or alternatively are based on ...

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A Financial Planner – Why Every Mortgage Holder Needs One

Settling on a new mortgage, whether it be for a first home, a next home, an investment property or for a refinance, taking the time to see an experienced and licensed Financial Planner should be on your financial to do list.

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Should You Refinance Your Home Loan?

Having all your financial ducks in a row is a great way to start the new year, and a review of your home loan should be right at the top of your financial “to do” list. If you are unsure about whether you may benefit from a potential refinance, we ...

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Offset Accounts 101 – Make your money work harder for you

One of the most effective tools in your financial arsenal is the humble offset account. If you have one, you are hopefully using it to your best advantage, but if you don’t have an offset, it might be worth considering one. So what are they and how do they work? Glad you asked.

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Paying Principal on Your Investment Debt – Rewriting the Finance Rules for Investors

Opting for an interest-only loan has always been a sound strategy for investors, with the tax benefits associated with negative gearing, maximising cash flow and directing funds available to pay down owner-occupied debt. These are still very compelling reasons to remain on an interest-only investment product, but as the banking ...

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Lenders Mortgage Insurance

Everything You Need To Know About LMI Conversations around Lender’s Mortgage Insurance (LMI) may be becoming more common during the loan application process yet it’s also often one of the most misunderstood facets of finance. Let’s take a look at what it is, who pays it and ...

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Refinancing your Keystart loan

Keystart Home Loans have been a great option in assisting low income Western Australians with little deposit in getting into the property market. Whilst it’s a good product to help get that kick start that is often needed, the goal should always be to pay it down efficiently and ...

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How much can I borrow for a home loan?

How much can you borrow for a home loan? Probably more without that car loan. How much can I borrow for a car loan? With banks’ lending criteria becoming more rigid, housing affordability not easing and the capacity for many to save for a deposit quite limited, there are many ...

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What do Mortgage Brokers Do? Are they worth it?

What do mortgage brokers do? Are they worth it? If you searched the internet for the answer to this question, one of the many answers was probably “negotiates a home loan on your behalf with a lending institution”, which in theory is not untrue. However this barely scratches the surface ...

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Get ahead this fiscal year

Another financial year is over and now is the perfect time to reassess your resolutions for the coming fiscal year.

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Off-the-plan apartment finance tips

Purchasing apartments off-the-plan has becoming increasingly popular, with both investors and owner-occupiers taking advantage of the lifestyle and wealth potential benefits.

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First Home Loan Deposit

You want to buy a house. Great! And you have seen the property of your dreams. Awesome! And you are about to sign a contract. Let’s pop the champagne!

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Cheap interest rates – the 5 things you need to know

Everybody knows that when you are shopping for a home loan what it all really comes down to is the rate. Right?

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Mortgage Brokers Commission – talking about the “C” Word

Commission. That word can often make the most hardened consumer cringe. No matter the industry, negative connotations are almost always associated when we hear this word, with the mortgage broking industry being no exception.

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