So you are ready to buy a property? You’ll need to show the seller you have enough money. For most people, this will mean getting a loan, and the first step to getting one is obtaining a pre-approval for it. A Pre-approval – also known as conditional approval or approval in principle – is an … Read more
Lenders mortgage insurance (LMI) covers the lender in the event of not recovering the full loan balance from the borrower who, for whatever reason, becomes unable to meet their loan repayments. There are additional costs to factor in other than the purpose price of a property, such as stamp duty, conveyancing and legal fees, pest … Read more
Hi, Compared to the past couple of years, we are heading into a very different Spring property sale season and it may be a good time to grab a bargain. According to Core Logic, national dwelling values were down for the eleventh consecutive month suggesting spring selling conditions may deliver vendors a challenge amidst rising … Read more
With winter just in, now is the time to ensure you have weatherproofed your home. Do your roof and gutters need repairing, has your heating system been serviced recently, are your windows and doors sealed adequately, have you been considering extra insulation. If you are considering any changes which require finance, contact me for information, … Read more
Summer is officially over, and hopefully, we have seen the end of the heat also. And here comes March! Where has the first couple of months gone? So before its summer again now is a good time to ask the question “could I be on a better interest rate?”. Anytime really is a good time … Read more
Have you out grown your current vehicle or is there more rust than paint? Wow can you believe that Santa will soon be on his way? Fortunately for him, his magic sleigh is never manages to get the job done. Unfortunately for us with life’s changes comes the need to up size or sometimes down … Read more
MONEY MATTERS WITH MELODY NEWSLETTER Variable Interest Rates or Fixed Interest Rates? Variable Interest Rate Variable interest rate can move depending on market conditions. They can go down or up as the economy dictates. Loans with variable interest rate are usually more flexible and will allow you to makes extra repayments with no penalty fees. … Read more