What Every Property Investor Should Know Before the EOFY
30 June is fast approaching. For property investors, it’s a natural time to review your position and get records in order before the financial year closes. This year there’s an added reason to take stock. The Federal Budget introduced changes to negative gearing and capital gains tax that will affect the way residential property investments […]
Success story: How these registered nurses are now building wealth through their home equity
A case study on how essential workers can unlock hidden bank policies to secure long-term wealth. While the headlines are focused on the shifting rules from last week’s Federal Budget, I wanted to share an incredible success story that highlights how the right industry knowledge can completely transform your financial future.e Meet a couple I […]
How a nurse refinanced her home loan with no LMI
Two years ago, Luisa embarked on the exciting journey of homeownership, acquiring a modern two-bedroom apartment in Granville. Her first home purchase was made possible through the First Home Loan Deposit Scheme (FHLDS), enabling her to secure the property with just a 5% deposit, all without the burden of Lender’s Mortgage Insurance (LMI). Opting for […]
How our PR holder clients purchase their home using the First Home Guarantee?
Two hopeful first-home buyers embarked on their home-buying journey, however, they soon discovered that the scheme was exclusively available to Australian
Optimistic Outlook for Australian House Prices in 2024
The Australian property market is showing signs of recovery. National house prices are set to rise, according to a recent survey conducted
What is Genuine Savings?
Saving up for your first home can be an exciting yet challenging journey. As a first-time homebuyer, you may have heard the term “Genuine Savings”
Strategies for navigating high serviceability buffer for first home buyers
Banks and lenders often have strict rules to make sure borrowers can handle their mortgage payments. This cushion is called the “high serviceability buffer.”
Mum and Daughter purchasing a home with the help of the Home Guarantee Scheme
Under the Home Guarantee Scheme, they don’t have to pay loan mortgage insurance even if they only have a 5% deposit.
How does the 1% serviceability buffer help mortgage prisoners?
Few banks have come up with assessing home loan applications on a 1% serviceability buffer instead of the 3% serviceability buffer.
Refinancing an expiring fixed rate to another bank
Meet Marcus (not his real name), one of our clients whose fixed rate ended last July 1. He took control of his financial situation by contacting Maverick Finance before his fixed-rate expiration comes into effect. With the existing three loans and the fixed rate on Loan 1 expiring soon, Marcus wanted to explore options to manage his […]