How to Have a Financially Stress Free Christmas

“Jingle bells, jingle bells, jingle all the way.” Oh how I miss Christmas in the Philippines! Its that time of the year again when we find ourselves spending way more than we had planned.  It’s so easy to get into the festive mood with so many parties with family and friends before the big day […]

What is Non Genuine Savings with Rental History?

In cases where loan to value ratio is above 90%, lenders want to see that the 5% deposit has been held for at least 3 months in a bank account, accumulated over a minimum of 3 months or received and held for 3 months. This is referred to as genuine savings. If you are one […]

What Counts as Genuine Savings in a Loan Application?

If you apply for a home loan, particularly if the loan is for more than 80% of a property’s value, you’ll more than likely have to prove to lenders that you have a satisfactory amount of savings. This is to demonstrate your ability to funnel a portion of your income into repayments. Although it can differ, […]

The NSW Housing Affordability Package for First Home Buyers

In 2017, the NSW Government announced a new package of measures that will help first home buyers get into the market. The package aims to address the difficulty that first home buyers face in entering the property market. Abolition of stamp duty on all homes up to $650,000 and stamp duty relief for homes up to […]