Many people are familiar with the big four banks’ names and tend to prefer them when applying for loans for their home or investment properties. But if you talk to an experienced mortgage broker such as a Mortgage Corp broker, he/she will normally check out the non bank lenders and find out what they can offer. And some of these non bank lenders are now ranked up with the big four banks on products ...
5 Simple And Quick Ways To Reduce Your Mortgage
Wouldn’t it be nice to be debt-free so you can sit back and RELAX? It obviously won’t happen overnight but there are actually some very simple things you can do YOURSELF to reduce your mortgage. 1.Pay off ‘bad debt’ FIRST! By ‘bad debt’ I mean debt that you can’t deduct for tax such as personal and car loans, credit cards and your owner-occupied home loan. It’s generally recommended that bad debt is ...
5 Simple Ways to Supercharge Your Property Depreciation Deductions
As property investors, we all want to maximise our tax return refund on our investment properties. Most of you may already be claiming depreciation but what you might not know is that there are some simple strategies you can use to supercharge your depreciation deductions. Our mortgage clients have used depreciation deductions to boost their rental deductions – some up to the tune of $10-20k ...
The Negative Gearing and Housing Affordability Debate, Where Do You Stand?
Negative gearing seems to be getting a lot of attention recently and especially in the lead-up to the Federal Election. Is it increasing the gap between the “rich” and the “poor” or Does it actually help average Australians save for their future? Is it good or is it bad for housing and rental affordability? In this post, I'm going to work through the arguments for and against negative gearing ...