Changes in population density or “R-codes” have created a new option for many smaller investors, allowing them entry to a new investment market—property development. Traditionally, small investors would buy a property, make nominal improvements and wait for it to increase in value. Until the R-code changeTs, property development was usually cost-prohibitive for the small investor. […]
Where Will the Reserve Bank of Australia Go from Here?
As everyone looking for a home loan in Rockingham, Baldivis and Kwinana has already heard 100 times, the RBA has held the interest rate at 2.5% for another month. This news was expected—what we are more concerned about is where interest rates are going from here. The ASX (Australian Stock Exchange) futures market reacted to […]
How to Choose the Right Interest Rate for Your Home Loan
Unless you can afford to pay for a home in cash, you will need to take out a mortgage. Every mortgage loan will have an interest rate tacked onto the monthly payment. Interest rates are one thing that helps dictate the type of real estate market that exists. When interest rates are high, there are […]
Tips for Choosing the Amount to Borrow on a Home Loan
Finding your dream home is exciting and every mortgage broker wants to help you get the financing you need to get into the home of your dreams. However, you need to enter the world of home buying with a budget and an expectation of what you can reasonably afford to purchase. Some people can get […]
Justin Smith is the Driving Force behind The Mortgage Gallery Rockingham
With over 25 years of experience in the finance industry, Justin Smith is the driving force behind The Mortgage Gallery Rockingham. Opened in 2003, The Mortgage Gallery Rockingham offers home buyers the opportunity to secure home loans in Rockingham or the surrounding areas. Justin Smith works hard to help buyers secure the financing needed to […]
5 Important Pieces of Info You Should Know About a Reverse Mortgage
A reverse mortgage is equivalent to taking a loan out against your home. It is something that is increasing in popularity among the elderly as a way to boost their fixed income and/or enjoy their retirement. Again, it’s a lot like a loan with your home as collateral. Only, unlike typical home loans, you don’t […]
Do You Know What You Need to Know as a First Home Buyer?
Like taking your first driving lesson before you gain the confidence to know how to drive on the country’s most dangerous roads, getting a mortgage for the first time is just as difficult to master, especially with the variety of options available and the mortgage jargon used that you may never have come across before. […]
Build a Savings Plan Now to Buy a Property Later
Purchasing a property as early as you can, preferably by your mid-20s, gives you the opportunity to begin building your wealth portfolio at an early stage and the chance to clear your mortgage debt sooner rather than later. For those belonging to the Generation Y, a meeting with your mortgage broker in Baldivis or wherever […]
Where You Should Look to Buy Your Next Home
Soul destroying is how some people describe the process of trying to sell a property in an area that is in a particularly slow market, especially when knowing that properties just a mile away can be selling quite easily and at good prices. When you’re thinking of selling your home, it pays to meet with […]
