• Ask questions, build trust and connect with industry experts
  • Ask, build trust and connect

Home Loans & Personal Finance

Latest Questions

Mason I.
Mason I.
Bentleigh, VIC
2 Likes
1 Followers
Q:

My partner and I have been discussing buying a new home. We currently live in my home which is worth about $750,000 and the home loan is $310,000. If I didn’t sell my place can we use the equity as a deposit in a new home and does that mean my loan would become an investment loan if we rented it out? The home we are looking is around $1.1M, would there be enough equity in my place to pay a deposit?

2 days ago
David F.
David F.
Glebe, NSW
1 Likes
0 Followers
Q:

Hi, my name is Roger Francis and I am currently a self employed Handy man with a good income per week of around $2400 including being maintenance person for many organisations and with regular employment.
I ran a cafe which went bust and still hold the lease which is amassing rent at $7000 per month for which I am 3 months in arrears.
I need advice on how to go about applying for a home loan to cover this and future rent and to buy a house at the same time?

2 weeks ago
Kym G.
Kym G.
Thornleigh, NSW
0 Likes
1 Followers
Q:

We live in North Western Sydney but both work at Mascot and thinking of renting our place and living in an apartment closer to work for 12 months for a change in lifestyle. When we discussed this with some friends they suggested we should change our home loan to interest only to maximise negative gearing. Is this good advice as when we called the bank they said our interest rate would increase by 0.20%?

last month
Q:

We invested a small sum of our Super ($30,000) in units in a property investment company, which did well until a change in management. Last year apparently our units were sold on to a new company, which forwarded a statement showing our holdings now to be zero. Our emails show no notification of any transfer plan, and no option to opt-out and withdraw remaining funds. Also there is no final payment made to our bank account, as claimed. Can we do anything about this, and if so who do we approach?

last month
Jade A. R.
Jade A. R.
Shailer Park, QLD
0 Likes
0 Followers
Q:

Hi, I’m looking to buying a house and I will obviously need to get a mortgage. I’d hope to not spend more than 500,000 on a house. I’d say I’d have a decent savings and should be ok for a deposit by time I’m ready, I work full time (135k pa). My issue is I’ve never borrowed/owed money before and lack a credit score of any sort. How do I go about making sure I’ll be able to get a mortgage easily, while not wanting to have fees for money I don’t really need to borrow?

last month
Narelle T.
Narelle T.
Corlette, NSW
1 Likes
0 Followers
Q:

Hi, we are looking at investing in a property. The opportunity is for us to buy a property (valued at mid $600,000). The owner will finance us, with no deposit, to buy, at $550,000 at interest only for 2/3 years. Then we can refinance with the bank to continue. Our situation is that we will not be considered for bank finance until our credit rating has dissolved. So this is why we are considering this. Who is the best person to talk to for advise on this?

2 months ago
More