CBA explainer – CommBank Wealth Package vs MAV Package
You’ve probably heard of the Commbank Wealth Package or MAV Package. What do these packages offer and what’s the difference?
Mark Nolan (aka Nols) writes about home loans and everything in between. Since realising he does not need to work so much, Mark started writing to educate anyone who is ready to learn from his personal, investing and business experience. Empowering his readers drives his content.
You’ve probably heard of the Commbank Wealth Package or MAV Package. What do these packages offer and what’s the difference?
Is a home loan package just bank-jargon? I unpack exactly why so many borrowers sign up for them and what you need to know.
A straightforward home loan without too many bells and whistles – Commbank Simple Home Loan. What exactly is it and who is it built for?
If you’re a CommBank customer, you might have heard of CommBank Yello – but what does it actually do, and why might it matter if you have (or want) a home loan?
What is a Westpac property valuation? A Westpac property valuation is an assessment carried out on a property offered as security for a Westpac home loan. Importantly, this valuation is completed according to Westpac’s internal lending and risk policies. Westpac will determine whether a visit to the property by a licensed valuer is required. There…
A 10 year home loan payoff It might sound unrealistic to many, but in my experience as a mortgage broker – I have seen many borrowers pay off their home loan in under 10 years. A home loan paid off in under 10 years – yep. Not 30 years, or even 20 years – under…
“….we were wondering if we bit off more than we could chew.”
Find out four takeways from a $1.2M home loan pay off in four years.
I explain how this young couple used a combination of clever buying and renovation strategies, plus a great business, to gain financial control. The beginning [2011] Luc and Sandy were classic first home buyers when I met them. Aged 31 and 26, with some savings and heavily invested in their careers. They started their property…
Upsizing to a larger home can be an exciting time. What I often see from borrowers over my time mortgage broking is a trigger that has led to the search for a bigger home—a growing family, school choices or a need for more space. These lifestyle needs, as well as recent increases in property values…
Have you ever wondered what your borrowing power for a home loan is? Try this borrowing power calculator as many times as you like for an instant result. Helpful hint: Be realistic with living expenses – If unsure see my guide on living expenses. What next? If you need to improve your borrowing power it…