Meet our new Senior Broker: Jon Rowe
Australian Mortgage Corporation is delighted to welcome Jon Rowe as Senior Mortgage Broker. Jon Rowe has over 25 years experience in business – both corporate and small business. At the height of his corporate career, he was running the US$250M WWE licensed video game globally – based in Los Angeles. Since then he has returned […]
HOMEBUILDER GRANT: $25,000 STIMULUS PACKAGE ANNOUNCED!
The HomeBuilder scheme, a housing stimulus package of $25,000 for owner-occupiers to build a new home or renovate their existing house has just been announced by the federal government. The total value of the package is estimated to be $688 million, allowing for around 27,000 grants. Stimulus packages are not a new term in the construction space. […]
EXPLAINER: FIXED-RATE LOANS
With interest rates at an all-time low, and many lender’s fixed rates lower than their variable options, locking in an interest rate on your home loan to guard against possible future fluctuation may be attractive. However, it pays to know the ins and outs of fixed-rate loans before committing to one. When purchasing a property, […]
FINANCES ON YOUR MIND? DO YOURSELF A FAVOUR, SPEAK TO A BROKER
If you are finding it tough to meet your current financial obligations or you are just interested in reviewing your current home loan, then you are not alone. Mortgage brokers stand ready and able to assist with your options during this difficult time. Turbulent does not even begin to describe 2020 so far. As a […]
SELLING YOUR HOME? HERE ARE THE FIRST STEPS TO TAKE
There is more to selling your home than putting up a ‘For Sale’ sign on your front lawn. Here are the first things you should check off your list to help you get a favourable result from your investment and to ensure the process runs as smoothly as possible. Choose a quality agent Asking family […]
6 THINGS YOU MUST KNOW ABOUT HOME CONSTRUCTION LOANS
1. Construction Loans are different to traditional home loans Construction loans are designed to allow you the ability to build your dream home, but also to mitigate risks of project blow-out and delays. Every bank has different policies but generally you shouldn’t expect to receive the whole sum once you sign all the papers. The […]
THE ULTIMATE SECRET OF VALUATION UPLIFT AFTER RENOVATIONS
You may have an investment property that you plan to renovate, or it may be your own house. Once the renovation is finalised, it is a good idea to get your property re-valuated. Here’s why: Let’s say the property’s original value was $1M and your loan is 80% of the value. You just finished with […]
TAKE THE STRESS OUT OF CONSTRUCTION LOANS
Buying a house and building a house is not the same thing. Financing a house purchase is relatively straightforward. You agree on a sale price, your broker gets you a good deal with a bank that lends you 80% of the cost, and you pay the remaining 20% plus costs. You then settle on a pre-agreed date. Result: […]
9 THINGS TO KNOW BEFORE BUYING THROUGH YOUR SMSF
So some of your friends have bought property with their Super money? Now you are keen to do it too. Here are the crucial issues you need to consider before buying a property through your Super: 1. It might not be right for you. Setting up an SMSF can be costly and you usually need […]
USING YOUR SUPERANNUATION TO INVEST IN PROPERTY?
When the idea of buying a property through Super via bank loan – also known as SMSF (Self Managed Super Fund) lending – first originated, it was seen as the preserve of high-tech financiers and the well-heeled elite of Australia, looking for the tax breaks usually reserved for the kind of people who don’t need […]