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5 PRO TIPS TO PAY OFF YOUR HOME LOAN Your Content Goes Here Tip #1: Pick the right loan for your needs. Do you want the option to repay the whole loan earlier than expected? If so, then a variable-rate loan may be the better choice, as they tend to be more flexible than fixed-rate loans. Loans with fixed rates tend to have stiffer payment options and penalties. Tip #2: Make your repayments more frequently. It’s generally a good idea to pay every two weeks instead of every month, as it shortens both the payment [...]

WHAT YOU'RE REALLY PAYING FOR WHEN BUYING A PROPERTY Your Content Goes Here When you want to buy a property, you have two approaches to choose from: (1) You can set a budget for the initial deposit and start saving up towards that, or (2) you can find out how much you’ll need to buy the property, and get your relatives to help you out as guarantors. Ideally, shoot to cover a 20% deposit… plus the following extras. Extra #1: Stamp Duty Stamp duty refers to the tax levied on the paperwork involved in the purchase, [...]

How your Credit Card can affect your Home Loan Application Your Content Goes Here Your credit card will affect your loan application. Unfortunately, most borrowers assume it will not affect their borrowing capacity because they pay off their credit card debt every month. This article will explain how your credit card will lower your borrowing power, as well as what you can do about it. Common misconceptions of borrowers: “It’s okay to have many credit cards. It means I’m a low-risk borrower.” “Paying my card balance monthly will help improve my borrowing power.” “I don’t use my credit [...]

DOES MY PROPERTY QUALITY FOR TAX DEPRECIATION 2016 Your Content Goes Here Can I Deduct Depreciation on my Investment Property? Tax depreciation helps property investors save significantly on taxes. However, not all property investors take full advantage of the tax savings available to them. To help you make a wise decision, here are some important points about tax depreciation. Types of Tax Depreciation Capital works deduction and ‘plant and equipment’ depreciation are the two types of tax depreciations that are offered to property investors. Capital works deduction includes building structural improvements, like embankments, retaining walls, [...]

HOW TO GET A HOME LOAN WITHOUT MAKING A DEPOSIT Your Content Goes Here The prevailing idea is that to get a home loan, you got to be ready to pay a hefty deposit. In truth, you can actually borrow 95% of the property’s purchase price – and in certain situations, even up to 100%. This is done using Freedom Lend’s family pledge. But before you can borrow 95% of the property’s value, be sure to have these requirements ready: A credit history that’s in the clear Proof of stable employment over the past several years Proof of [...]

WHAT YOU NEED TO KNOW ABOUT YOUR CREDIT REPORT Your Content Goes Here In Australia, most credit reporting agencies use a “comprehensive credit reporting” system. The system lists both positive and negative information about your credit history. For example, positive entries may include loans, personal finance, business funding, credit cards, and hire purchases as well as your payment history. Negative entries may include outstanding bills older than 60 days, defaults, judgment payments, etc. That means if for any reason you haven’t been timely in your credit and loan repayments, your credit report WILL show it. The Privacy Act [...]

MEDIAN HOUSE RENT SOARS TO NEW HIGH IN MELBOURNE Your Content Goes Here Families face difficulties as the median weekly house rent in Melbourne skyrocketed to new all-time high starting at the end of 2015. For the first time, the cost has now reached $400, which is $10 higher than the December quarter, based on the latest report of the Domain Group. The problem is there is a high demand for houses for rent, but there is a low vacancy rate. This has given landlords the opportunity to demand a higher rental price. According to agents, potential renters [...]

NEGATIVE CASH FLOW- HOW TO MAKE MONEY WITH NEGATIVE-EARNING RENTAL PROPERTY Your Content Goes Here Question: When is negative cash flow a good thing? Answer: When it helps you meet your financial goals! But how does negative cash flow help you make more money? This article will explain how. Negative cash flow, also known as “negative gearing,” happens when you own an investment that costs you more than it earns over the course of a year. Let’s say you owned rental property that netted you $30,000 of income a year, but costs you up to $40,000 in [...]

FREEDOMLEND CONSTRUCTION HOME LOANS Your Content Goes Here So it’s that time of the year and you’re looking to buy a new home or land. Or you might even be thinking about having a knock down build started. Before you do anything that I just mentioned you definitely need to have a plan in place and also the right finances. Freedom Lend construction is your best choice when you’re looking to get funding for your home, land or residential investment loans. No tricks games, high rates or hidden fees here. Our highly trained representatives will make sure that [...]

FREEDOMLEND FIXED HOME LOANS Your Content Goes Here If you’re looking for a fixed home loan just don’t go to anybody to get your fixed home loan. You need to check out the best. Freedom Lend is Australia’s number one source for fixed home loans. If you’re looking for security and a fixed interest rate for your home loan, look no further. Freedom Lend is here for you. Our staff will make sure that you get the best fixed home and investment loans that will give you the ability to set your interest rates for a fixed period [...]