Mortgage stress – Please stop using the 30% repayment ratio
Why are we told we are in mortgage stress because of one number – the 30% income to repayment ratio?
Stress-test of home loans approved in 2020-22 | I share results
I tested 73 borrowers for real mortgage ratios and compared these to popular borrowing recommendations.
Key mortgage benchmarks for risk – Explained
If an borrower is looking to get an idea of a good loan amount for them – the last place to be relied upon is online.
How first time buyers paid home loan in 10yrs | Net worth $1.4M
Hear how Steve and Caitlin went from first time buyers in 2013 to a net worth over $1.4M in 2024 – and no home loan.
Does an offset account reduce monthly repayments?
Does an offset account reduce monthly repayments? No. Not for a standard principal and interest home loan. You would think borrowers with savings in their offset accounts should have lower repayments. For a principal and interest (P&I) loan it is not the case. But there can be a significant interest savings benefit for borrowers with…
Avoid these 5 offset account mistakes
Common offset account mistakes I see Being a mortgage broker since 2008 has given me insights and experience too valuable to keep to myself. Offset accounts are common loan feature for Australian borrowers. Used correctly, they can be a powerful tool to offset home loan interest—and accelerate your home loan pay off trajectory. I am…
Buying a house with a friend – High LVR, high-fives and a fallout
Buying a house with a friend for these two tradie mates had everything – a dream shared, followed by relationship reality four years on.
Buying investment property with a friend – Then life moves on
Buying investment property with a friend can work – but can it come unstuck? I helped these two mates get their home loan.
Buying investment property with a sibling – Savvy brothers!
Buying investment property with a sibling worked for these two brothers – despite being on opposite ends of the world.
Half price house? Buying property with parents could work
Why consider buying property with parents? Joint property ownership between parents and kids is something I see often. When I say kids – it is often a mature adult child and their partner who the parents are looking to help onto the property ladder. Aside from buying property with parents, some common ways parents help…