Friday, May 06, 2005
Pay off your loan faster Get the mortgage monkey off your back. Disciplined budgeting can make you a loan-buster - and our..
Managing the closing process Only the final offer and settlement stands between you and your dream home. We show you what to expect and how to boost y..
Solicitor or conveyancer? The right professional will smooth your home-buying experience. Our guide helps you choose. You can use either a solicitor or a conveyance..
Do you need legal advice? If you\'re a first-time buyer, you\'ll need plenty of professional help. Experienced buyers have more alternatives. Conveyancing is becoming increasingly straightforwa..
Home-buying contract basics The offer & acceptance and property title are your two most important sale documents. Together, they give you ownership of the property. The legal document that describes the property, pr..
Negotiating to buy A skilled negotiator can cut thousands from the cost of buying a home. Most people hate haggling over price, but you need to know how to do it. Buying a home is a bit like courtship. Never appear too keen, don\'t give too much..
Spot the Dummy Bidder New laws and tougher enforcement lessen the prospect that you\'ll face a dummy bidder at auction. Here\'s what you need to know - with some warnings from consultant and real estate writer Terry Ryder. New South Wales and Victorian auc..
How to win at auction Auctions are part theatre, part torture. You can minimise the pain by know what to expect and following a simple, well-defined best-odds strategy . You have little room for error. When you buy at auction, you must pay a pre-determined deposit - and there is no cooling o..
Protecting your loan with insurance Income protection insurance cuts the risk that a sudden loss of income-earning ability will force you to give up your house. Most people know about life insurance, car insurance, property insurance and health insurance. Fewer people know about income protection insura..
Talking to your loan manager A handy checklist lets you collect all the information you will need to give your loan manager when you meet them. With this information at hand, your application will go more smoothly. 1. Your Income Let your lender know you wont need to win the lottery to pay back your loan. Use these as pr..
Should you take an interest-only loan? Tread carefully with this investor-oriented option. Interest-only suits some investors. For the ordinary home-buyer..
How long a loan term? The quicker you repay, the less you pay, but a shorter term isn\'t always necessary. With a home loan, time really is money. For many home own..
Should you create combined accounts? All-In-One and mortgage offset accounts let you use your everyday funds to help..
Why you should think twice before fixing Over the life of your loan, a variable rate will almost certainly prove cheaper than a fixed one. Here\'s why. As speculation a..
A fixed or variable rate? The toughest loan decision of all: whether to lock in an interest rate. A fixed rate gives you security, but a variable rate can add to your flexibility and cut your costs. As you begin looking for a..
When you should care about lender service If your timetable\'s tight, your lender must be able to deliver your money fast. When you sign your loan documents, they go to your lender\'s loan processing department, where the final decision to approve or reject the loan w..
Making the right loan-finding choice Sorting out one deal from another could take you forever. Finance Brokers like Finance W.A. can sort through the mountain of new choices confronting lenders. Firstly, don\'t worry. These days hardly anyone looks forward to the task of choosing their home..
Building your own home Creating a home from scratch is tough. We show you what to expect - and what to watch out for. There are sou..
Buying off the plan Buying a home before it\'s built has advantages - and traps. Large tax savings, delayed settlement and rental guarantees have lured buyers to off the plan housing developments over..
At the display village ... If you\'re buying off the plan, the display village becomes the centre of your homebuying decision. Knowing what to loo..
Types of title Torrens title, strata title, old system title
What do all these names mean? Why do they matter? The title, or freehold , defines what property you own. An..
When you find a home you like
Dream home? Check it out carefully. The current owners may be selling for a reason - noise, planned developments nearby, structural flaws etc. It\'s up to you to find out! Once you fin..
Assess the market to decide your price You need to become an instant property market expert. So talk to the agents, analyse recent prices, visit the auctions, and find out what a fair price means in your chosen area. Home-buyers need to look at prices from t..
Picking the next boom suburb Its the golden rule of real estate: buy low, watch property values swell, then sell high. You can maximise your chances and protect your investment, by doing a little research and some leg work before you buy. Look for suburbs which are yet to experience ma..
Choosing your neighbourhood You will live with the people in your neighbourhood, facilities and atmosphere for years to come. To get good value, you must know what you really want. A neighbourhood\'s identity can be as important to your home\'s value as the house itself. In older suburbs, terrace house..
Reach your savings goal with a monthly budget Setting a monthly budget is the best way to build up the home deposit, savings record and other funds you need. Most lenders require you to have: A deposit worth at least five per cent of the property\'s cost. A six-month saving..
$7000 for first home buyers First home buyers now reap a windfall of $7000. This money may help you qualify for a home loan from one of Finance W.A.\'s panel of lenders. If you are buying or building your first home you may qualify for a $7000 grant. The payments come through the Federal Governm..
How big should your deposit be? Almost all lenders will insist you pay a portion of the full purchase price of a property. But how much is enough? Buyers today can pay as little as 5 per cent but most lenders require between 10 and 20 per cent. Example: Expect to pay a deposit of between $5,000 and $20,00..
How much does buying a home really cost? The sum you\'ll actually spend on buying your home will be thousands of dollars higher than the sale price. Work out your extra costs in advance to avoid a shock. Taxes, fees, stamp duty and moving costs add thousands to the cost of a new home. Many first home bu..
How much can you afford to borrow? Chances are, buying a home is the biggest investment you will ever make. Here\'s how to judge how big it should be. Since few people pay cash, obtaining a home loan is the cornerstone of home ownership. How much you borrow depends on a number of factors: Your income and expens..
Full home borrowers dictionary Here\'s Finance W.A.\'s full home loan dictionary, explaining well over 100 different terms. The very basic guide to home refinancing AAPR Average Annual Percentage Rate - an artificial rate that tries to capture all the costs of a particular loan, inc..
Quick home borrowers dictionary Home lenders and others in the housing industry often talk in jargon. Here\'s a guide to what the terms mean. You can also click here for a more detailed dictionary. AAPR Average Annual Percentage Rate - an artificial rate that tries to capture all the costs..
The effect of the GST The roof over your head carries some extra costs under the GST. We walk you through the tax maze and help explain the impact of the GST (Goods and Services Tax) on your home-buying decision. What is the GST? The Australian Tax Office describes it simply as a broad-based tax of 10 p..
Beat rising rates in 11 easy steps Home loan borrowers face higher costs in 2005, so you need to be prepared. Here are 11 steps you can take now to keep ahead of rising rates. Budget now for higher rates The best time to plan for a change in your financial circumstances is before it happens. Draw up a detail..
The right ways to refinance Heres how to make sure refinancing leaves you better off and a list of traps to avoid. Pay off debts quicker and cheaper by rolling them into your home loan Right way: make sure your new loan repayments get your loan paid off as quickly - or even faster - than t..
Thursday, May 05, 2005
Know the costs of refinancing Application fees, stamp duties, discharge fees and mortgage insurance are just some of the costs you need to understand as you refinance. Refinance usually costs you money at the start. You will pay for: Mortgage insurance, usually payable when you borrow more than 80 per cent..
The very basic guide to home refinancing Refinancing your home loan can bring you substantial benefits. Work out whether it serves your needs. Refinancing lets you change your home loan to suit your changed needs and better opportunities. As home loans have added extra features, more and more pe..
Buying anew versus renovating Should you move on, or should you stay and fix it? A few simple guidelines take some of the pain out of the wrenching buy-or-renovate decision. Deciding to renovate or pull up stumps and buy anew is an agonising decision. Either way, the costs can be considerable. When weighing..
To rent or buy? The case for home ownership remains strong. Rent may not always be dead money , but the tax advantages and savings discipline of home ownership will likely leave you a step ahead. Home ownership is the great Australian dream. Even with rates rising, home buying remains more affordable than it has b..
Treating a home as an investment Manage your home like the six-figure investment it is. It will be a key element in your lifetime financial plan. You\'ve no doubt heard it all before: owning a home is an investment in the future or a home loan is forced savings . In fact, owning a hom..
16 tips for a better loan decision This collection of tips aims to address the concerns and problems which we most commonly see people experiencing. What does Finance W.A. do? Finance W.A. helps people acquire home loans, using a combination of our knowledge, expertise and state of the art technology. If y..
The very basic guide to home loans Confused? Nervous? Start with the home loan basics. If you\'re unsure how a home loan works, don\'t worry. You\'re not alone. A home loan - sometimes called a mortgage - is simply a long-term loan. You get one through a bank, credit union or other financial institution. Althou..
Buy and move in Once you have your loan, you need to buy your home, move in and manage your affairs so that the mortgage stays under control. These facts sheets include 10 simple steps to help you pay off your loan sooner.Available in this section: How to win at auction Spot the Du..
Find the right loan Your ideal loan might have lock in an interest rate for the next five years. It might let you use all your day-to-day savings to help pay down the principal. It might let you make extra payments and then take them back again if you needed them. Or you might well want to keep costs down by ig..
Find the right home You need to choose the right suburb, the right neighbourhood, the right home. Bear in mind that the home you need may differ from the one that others want to sell you, and your preferred price may be lower than sellers are prepared..
Prepare for your search Finance W.A. has housing market reports, interest rate analysis, details of all your home-buying costs and help with the Federal Government\'s First Home Owner Grant scheme. Available in this section: How much can you afford to borrow? How much does buying a home really cost? How..
Understand your choices For many, a home loan simply makes better financial sense than renting. Or it may suit your lifestyle. Whatever your reason is for borrowing, you should also understand the adjustments youll have to make. It is understandable that you may worry about the size of your commitment. When you\'re..
We may be contacted by any of the following methods. We aim to respond to you within 3 business hours. Phone 08 9245 5501 Facsimile 08 9245 5519 Mobile 0411 742 299 Email info@financewa.com.au Postal PO Box 277, Scarborough WA 6922 ..
When you buy a home, you make some of the biggest financial decisions you in your life. We have broken this daunting decision-making task into easy steps. From thinking about purchasing a home to moving in, Finance W.A.\'s fact sheets give you tools and information to help you make the right choices. When..
Types of Loans There are several types of loans that are available to property investors and within these loans are a couple of fundamental options that you will need to decide upon. These options include: 1. Principal and Interest or Interest Only Loans This is a choice between whether you wish to have..
Click on the icons below to visit the respective sites. Get a copy of your credit report. Useful if you wish to check your file before applying for a loan. Obtain up to date information regarding the First Home Owners Grant Link to State Government..
We are able to offer loan products from over 30 lenders, including the following providers: ..
We may be contacted by any of the following methods. We aim to respond to you within 3 business hours. Phone 08 9245 5501 Facsimile 08 9245 5519 Mobile 0411 742 299 Email info@financewa.com.au Postal PO Box 277, Scarborough WA 6922 C..
The directors of Finance W.A. have been in the finance industry since 1986 and involved in finance broking since 1997. Managing Director, Mike Holmes, has extensive industry experience and holds accreditations with over 35 different lending institutions and undertakes extensive research to keep up to date with information pertai..
Let Finance W.A. take the stress away from your next finance transaction. Accredited with over 35 lenders, we work hard to match the right product with your requirements. We have access to hundreds of different loans from a large range of lenders. In most cases, our service to you is at n..
Monday, May 02, 2005
Pay off your loan faster Get the mortgage monkey off your back. Disciplined budgeting can make you a loan-buster - and our..
Managing the closing process Only the final offer and settlement stands between you and your dream home. We show you what to expect and how to boost y..
Solicitor or conveyancer? The right professional will smooth your home-buying experience. Our guide helps you choose. You can use either a solicitor or a conveyance..
Do you need legal advice? If you\'re a first-time buyer, you\'ll need plenty of professional help. Experienced buyers have more alternatives. Conveyancing is becoming increasingly straightforwa..
Home-buying contract basics The offer & acceptance and property title are your two most important sale documents. Together, they give you ownership of the property. The legal document that describes the property, pr..
Negotiating to buy A skilled negotiator can cut thousands from the cost of buying a home. Most people hate haggling over price, but you need to know how to do it. Buying a home is a bit like courtship. Never appear too keen, don\'t give too much..
Spot the Dummy Bidder New laws and tougher enforcement lessen the prospect that you\'ll face a dummy bidder at auction. Here\'s what you need to know - with some warnings from consultant and real estate writer Terry Ryder. New South Wales and Victorian auc..
How to win at auction Auctions are part theatre, part torture. You can minimise the pain by know what to expect and following a simple, well-defined best-odds strategy . You have little room for error. When you buy at auction, you must pay a pre-determined deposit - and there is no cooling o..
Protecting your loan with insurance Income protection insurance cuts the risk that a sudden loss of income-earning ability will force you to give up your house. Most people know about life insurance, car insurance, property insurance and health insurance. Fewer people know about income protection insura..
Talking to your loan manager A handy checklist lets you collect all the information you will need to give your loan manager when you meet them. With this information at hand, your application will go more smoothly. 1. Your Income Let your lender know you wont need to win the lottery to pay back your loan. Use these as pr..
Should you take an interest-only loan? Tread carefully with this investor-oriented option. Interest-only suits some investors. For the ordinary home-buyer..
How long a loan term? The quicker you repay, the less you pay, but a shorter term isn\'t always necessary. With a home loan, time really is money. For many home own..
Should you create combined accounts? All-In-One and mortgage offset accounts let you use your everyday funds to help..
Why you should think twice before fixing Over the life of your loan, a variable rate will almost certainly prove cheaper than a fixed one. Here\'s why. As speculation a..
A fixed or variable rate? The toughest loan decision of all: whether to lock in an interest rate. A fixed rate gives you security, but a variable rate can add to your flexibility and cut your costs. As you begin looking for a..
When you should care about lender service If your timetable\'s tight, your lender must be able to deliver your money fast. When you sign your loan documents, they go to your lender\'s loan processing department, where the final decision to approve or reject the loan w..
Making the right loan-finding choice Sorting out one deal from another could take you forever. Finance Brokers like Finance W.A. can sort through the mountain of new choices confronting lenders. Firstly, don\'t worry. These days hardly anyone looks forward to the task of choosing their home..
Building your own home Creating a home from scratch is tough. We show you what to expect - and what to watch out for. There are sou..
Buying off the plan Buying a home before it\'s built has advantages - and traps. Large tax savings, delayed settlement and rental guarantees have lured buyers to off the plan housing developments over..
At the display village ... If you\'re buying off the plan, the display village becomes the centre of your homebuying decision. Knowing what to loo..
Types of title Torrens title, strata title, old system title
What do all these names mean? Why do they matter? The title, or freehold , defines what property you own. An..
When you find a home you like
Dream home? Check it out carefully. The current owners may be selling for a reason - noise, planned developments nearby, structural flaws etc. It\'s up to you to find out! Once you fin..
Assess the market to decide your price You need to become an instant property market expert. So talk to the agents, analyse recent prices, visit the auctions, and find out what a fair price means in your chosen area. Home-buyers need to look at prices from t..
Picking the next boom suburb Its the golden rule of real estate: buy low, watch property values swell, then sell high. You can maximise your chances and protect your investment, by doing a little research and some leg work before you buy. Look for suburbs which are yet to experience ma..
Choosing your neighbourhood You will live with the people in your neighbourhood, facilities and atmosphere for years to come. To get good value, you must know what you really want. A neighbourhood\'s identity can be as important to your home\'s value as the house itself. In older suburbs, terrace house..
Reach your savings goal with a monthly budget Setting a monthly budget is the best way to build up the home deposit, savings record and other funds you need. Most lenders require you to have: A deposit worth at least five per cent of the property\'s cost. A six-month saving..
$7000 for first home buyers First home buyers now reap a windfall of $7000. This money may help you qualify for a home loan from one of Finance W.A.\'s panel of lenders. If you are buying or building your first home you may qualify for a $7000 grant. The payments come through the Federal Governm..
How big should your deposit be? Almost all lenders will insist you pay a portion of the full purchase price of a property. But how much is enough? Buyers today can pay as little as 5 per cent but most lenders require between 10 and 20 per cent. Example: Expect to pay a deposit of between $5,000 and $20,00..
How much does buying a home really cost? The sum you\'ll actually spend on buying your home will be thousands of dollars higher than the sale price. Work out your extra costs in advance to avoid a shock. Taxes, fees, stamp duty and moving costs add thousands to the cost of a new home. Many first home bu..
How much can you afford to borrow? Chances are, buying a home is the biggest investment you will ever make. Here\'s how to judge how big it should be. Since few people pay cash, obtaining a home loan is the cornerstone of home ownership. How much you borrow depends on a number of factors: Your income and expens..
Full home borrowers dictionary Here\'s Finance W.A.\'s full home loan dictionary, explaining well over 100 different terms. The very basic guide to home refinancing AAPR Average Annual Percentage Rate - an artificial rate that tries to capture all the costs of a particular loan, inc..
Quick home borrowers dictionary Home lenders and others in the housing industry often talk in jargon. Here\'s a guide to what the terms mean. You can also click here for a more detailed dictionary. AAPR Average Annual Percentage Rate - an artificial rate that tries to capture all the costs..
The effect of the GST The roof over your head carries some extra costs under the GST. We walk you through the tax maze and help explain the impact of the GST (Goods and Services Tax) on your home-buying decision. What is the GST? The Australian Tax Office describes it simply as a broad-based tax of 10 p..
Beat rising rates in 11 easy steps Home loan borrowers face higher costs in 2005, so you need to be prepared. Here are 11 steps you can take now to keep ahead of rising rates. Budget now for higher rates The best time to plan for a change in your financial circumstances is before it happens. Draw up a detail..
The right ways to refinance Heres how to make sure refinancing leaves you better off and a list of traps to avoid. Pay off debts quicker and cheaper by rolling them into your home loan Right way: make sure your new loan repayments get your loan paid off as quickly - or even faster - than t..
Know the costs of refinancing Application fees, stamp duties, discharge fees and mortgage insurance are just some of the costs you need to understand as you refinance. Refinance usually costs you money at the start. You will pay for: Mortgage insurance, usually payable when you borrow more than 80 per cent..
The very basic guide to home refinancing Refinancing your home loan can bring you substantial benefits. Work out whether it serves your needs. Refinancing lets you change your home loan to suit your changed needs and better opportunities. As home loans have added extra features, more and more pe..
Buying anew versus renovating Should you move on, or should you stay and fix it? A few simple guidelines take some of the pain out of the wrenching buy-or-renovate decision. Deciding to renovate or pull up stumps and buy anew is an agonising decision. Either way, the costs can be considerable. When weighing..
To rent or buy? The case for home ownership remains strong. Rent may not always be dead money , but the tax advantages and savings discipline of home ownership will likely leave you a step ahead. Home ownership is the great Australian dream. Even with rates rising, home buying remains more affordable than it has b..
Treating a home as an investment Manage your home like the six-figure investment it is. It will be a key element in your lifetime financial plan. You\'ve no doubt heard it all before: owning a home is an investment in the future or a home loan is forced savings . In fact, owning a hom..
16 tips for a better loan decision This collection of tips aims to address the concerns and problems which we most commonly see people experiencing. What does Finance W.A. do? Finance W.A. helps people acquire home loans, using a combination of our knowledge, expertise and state of the art technology. If y..
The very basic guide to home loans Confused? Nervous? Start with the home loan basics. If you\'re unsure how a home loan works, don\'t worry. You\'re not alone. A home loan - sometimes called a mortgage - is simply a long-term loan. You get one through a bank, credit union or other financial institution. Althou..
Buy and move in Once you have your loan, you need to buy your home, move in and manage your affairs so that the mortgage stays under control. These facts sheets include 10 simple steps to help you pay off your loan sooner.Available in this section: How to win at auction Spot the Du..
Find the right loan Your ideal loan might have lock in an interest rate for the next five years. It might let you use all your day-to-day savings to help pay down the principal. It might let you make extra payments and then take them back again if you needed them. Or you might well want to keep costs down by ig..
Find the right home You need to choose the right suburb, the right neighbourhood, the right home. Bear in mind that the home you need may differ from the one that others want to sell you, and your preferred price may be lower than sellers are prepared..
Prepare for your search Finance W.A. has housing market reports, interest rate analysis, details of all your home-buying costs and help with the Federal Government\'s First Home Owner Grant scheme. Available in this section: How much can you afford to borrow? How much does buying a home really cost? How..
Understand your choices For many, a home loan simply makes better financial sense than renting. Or it may suit your lifestyle. Whatever your reason is for borrowing, you should also understand the adjustments youll have to make. It is understandable that you may worry about the size of your commitment. When you\'re..
We may be contacted by any of the following methods. We aim to respond to you within 3 business hours. Phone 08 9245 5501 Facsimile 08 9245 5519 Mobile 0411 742 299 Email info@financewa.com.au Postal PO Box 277, Scarborough WA 6922 ..
When you buy a home, you make some of the biggest financial decisions you in your life. We have broken this daunting decision-making task into easy steps. From thinking about purchasing a home to moving in, Finance W.A.\'s fact sheets give you tools and information to help you make the right choices. When..
Types of Loans There are several types of loans that are available to property investors and within these loans are a couple of fundamental options that you will need to decide upon. These options include: 1. Principal and Interest or Interest Only Loans This is a choice between whether you wish to have..
Click on the icons below to visit the respective sites. Get a copy of your credit report. Useful if you wish to check your file before applying for a loan. Obtain up to date information regarding the First Home Owners Grant Link to State Government..
We are able to offer loan products from over 30 lenders, including the following providers: ..
We may be contacted by any of the following methods. We aim to respond to you within 3 business hours. Phone 08 9245 5501 Facsimile 08 9245 5519 Mobile 0411 742 299 Email info@financewa.com.au Postal PO Box 277, Scarborough WA 6922 C..
The directors of Finance W.A. have been in the finance industry since 1986 and involved in finance broking since 1997. Managing Director, Mike Holmes, has extensive industry experience and holds accreditations with over 35 different lending institutions and undertakes extensive research to keep up to date with information pertai..
Let Finance W.A. take the stress away from your next finance transaction. Accredited with over 35 lenders, we work hard to match the right product with your requirements. We have access to hundreds of different loans from a large range of lenders. In most cases, our service to you is at n..
Saturday, April 30, 2005
Pay off your loan faster Get the mortgage monkey off your back. Disciplined budgeting can make you a loan-buster - and our..
Managing the closing process Only the final offer and settlement stands between you and your dream home. We show you what to expect and how to boost y..
Solicitor or conveyancer? The right professional will smooth your home-buying experience. Our guide helps you choose. You can use either a solicitor or a conveyance..
Do you need legal advice? If you\'re a first-time buyer, you\'ll need plenty of professional help. Experienced buyers have more alternatives. Conveyancing is becoming increasingly straightforwa..
Home-buying contract basics The offer & acceptance and property title are your two most important sale documents. Together, they give you ownership of the property. The legal document that describes the property, pr..
Negotiating to buy A skilled negotiator can cut thousands from the cost of buying a home. Most people hate haggling over price, but you need to know how to do it. Buying a home is a bit like courtship. Never appear too keen, don\'t give too much..
Spot the Dummy Bidder New laws and tougher enforcement lessen the prospect that you\'ll face a dummy bidder at auction. Here\'s what you need to know - with some warnings from consultant and real estate writer Terry Ryder. New South Wales and Victorian auc..
How to win at auction Auctions are part theatre, part torture. You can minimise the pain by know what to expect and following a simple, well-defined best-odds strategy . You have little room for error. When you buy at auction, you must pay a pre-determined deposit - and there is no cooling o..
Protecting your loan with insurance Income protection insurance cuts the risk that a sudden loss of income-earning ability will force you to give up your house. Most people know about life insurance, car insurance, property insurance and health insurance. Fewer people know about income protection insura..
Talking to your loan manager A handy checklist lets you collect all the information you will need to give your loan manager when you meet them. With this information at hand, your application will go more smoothly. 1. Your Income Let your lender know you wont need to win the lottery to pay back your loan. Use these as pr..
Should you take an interest-only loan? Tread carefully with this investor-oriented option. Interest-only suits some investors. For the ordinary home-buyer..
How long a loan term? The quicker you repay, the less you pay, but a shorter term isn\'t always necessary. With a home loan, time really is money. For many home own..
Should you create combined accounts? All-In-One and mortgage offset accounts let you use your everyday funds to help..
Why you should think twice before fixing Over the life of your loan, a variable rate will almost certainly prove cheaper than a fixed one. Here\'s why. As speculation a..
A fixed or variable rate? The toughest loan decision of all: whether to lock in an interest rate. A fixed rate gives you security, but a variable rate can add to your flexibility and cut your costs. As you begin looking for a..
When you should care about lender service If your timetable\'s tight, your lender must be able to deliver your money fast. When you sign your loan documents, they go to your lender\'s loan processing department, where the final decision to approve or reject the loan w..
Making the right loan-finding choice Sorting out one deal from another could take you forever. Finance Brokers like Finance W.A. can sort through the mountain of new choices confronting lenders. Firstly, don\'t worry. These days hardly anyone looks forward to the task of choosing their home..
Building your own home Creating a home from scratch is tough. We show you what to expect - and what to watch out for. There are sou..
Buying off the plan Buying a home before it\'s built has advantages - and traps. Large tax savings, delayed settlement and rental guarantees have lured buyers to off the plan housing developments over..
At the display village ... If you\'re buying off the plan, the display village becomes the centre of your homebuying decision. Knowing what to loo..
Types of title Torrens title, strata title, old system title
What do all these names mean? Why do they matter? The title, or freehold , defines what property you own. An..
When you find a home you like
Dream home? Check it out carefully. The current owners may be selling for a reason - noise, planned developments nearby, structural flaws etc. It\'s up to you to find out! Once you fin..
Assess the market to decide your price You need to become an instant property market expert. So talk to the agents, analyse recent prices, visit the auctions, and find out what a fair price means in your chosen area. Home-buyers need to look at prices from t..
Picking the next boom suburb Its the golden rule of real estate: buy low, watch property values swell, then sell high. You can maximise your chances and protect your investment, by doing a little research and some leg work before you buy. Look for suburbs which are yet to experience ma..
Choosing your neighbourhood You will live with the people in your neighbourhood, facilities and atmosphere for years to come. To get good value, you must know what you really want. A neighbourhood\'s identity can be as important to your home\'s value as the house itself. In older suburbs, terrace house..
Reach your savings goal with a monthly budget Setting a monthly budget is the best way to build up the home deposit, savings record and other funds you need. Most lenders require you to have: A deposit worth at least five per cent of the property\'s cost. A six-month saving..
$7000 for first home buyers First home buyers now reap a windfall of $7000. This money may help you qualify for a home loan from one of Finance W.A.\'s panel of lenders. If you are buying or building your first home you may qualify for a $7000 grant. The payments come through the Federal Governm..
How big should your deposit be? Almost all lenders will insist you pay a portion of the full purchase price of a property. But how much is enough? Buyers today can pay as little as 5 per cent but most lenders require between 10 and 20 per cent. Example: Expect to pay a deposit of between $5,000 and $20,00..
How much does buying a home really cost? The sum you\'ll actually spend on buying your home will be thousands of dollars higher than the sale price. Work out your extra costs in advance to avoid a shock. Taxes, fees, stamp duty and moving costs add thousands to the cost of a new home. Many first home bu..
How much can you afford to borrow? Chances are, buying a home is the biggest investment you will ever make. Here\'s how to judge how big it should be. Since few people pay cash, obtaining a home loan is the cornerstone of home ownership. How much you borrow depends on a number of factors: Your income and expens..
Full home borrowers dictionary Here\'s Finance W.A.\'s full home loan dictionary, explaining well over 100 different terms. The very basic guide to home refinancing AAPR Average Annual Percentage Rate - an artificial rate that tries to capture all the costs of a particular loan, inc..
Quick home borrowers dictionary Home lenders and others in the housing industry often talk in jargon. Here\'s a guide to what the terms mean. You can also click here for a more detailed dictionary. AAPR Average Annual Percentage Rate - an artificial rate that tries to capture all the costs..
The effect of the GST The roof over your head carries some extra costs under the GST. We walk you through the tax maze and help explain the impact of the GST (Goods and Services Tax) on your home-buying decision. What is the GST? The Australian Tax Office describes it simply as a broad-based tax of 10 p..
Beat rising rates in 11 easy steps Home loan borrowers face higher costs in 2005, so you need to be prepared. Here are 11 steps you can take now to keep ahead of rising rates. Budget now for higher rates The best time to plan for a change in your financial circumstances is before it happens. Draw up a detail..
The right ways to refinance Heres how to make sure refinancing leaves you better off and a list of traps to avoid. Pay off debts quicker and cheaper by rolling them into your home loan Right way: make sure your new loan repayments get your loan paid off as quickly - or even faster - than t..
Know the costs of refinancing Application fees, stamp duties, discharge fees and mortgage insurance are just some of the costs you need to understand as you refinance. Refinance usually costs you money at the start. You will pay for: Mortgage insurance, usually payable when you borrow more than 80 per cent..
The very basic guide to home refinancing Refinancing your home loan can bring you substantial benefits. Work out whether it serves your needs. Refinancing lets you change your home loan to suit your changed needs and better opportunities. As home loans have added extra features, more and more pe..
Buying anew versus renovating Should you move on, or should you stay and fix it? A few simple guidelines take some of the pain out of the wrenching buy-or-renovate decision. Deciding to renovate or pull up stumps and buy anew is an agonising decision. Either way, the costs can be considerable. When weighing..
To rent or buy? The case for home ownership remains strong. Rent may not always be dead money , but the tax advantages and savings discipline of home ownership will likely leave you a step ahead. Home ownership is the great Australian dream. Even with rates rising, home buying remains more affordable than it has b..
Treating a home as an investment Manage your home like the six-figure investment it is. It will be a key element in your lifetime financial plan. You\'ve no doubt heard it all before: owning a home is an investment in the future or a home loan is forced savings . In fact, owning a hom..
16 tips for a better loan decision This collection of tips aims to address the concerns and problems which we most commonly see people experiencing. What does Finance W.A. do? Finance W.A. helps people acquire home loans, using a combination of our knowledge, expertise and state of the art technology. If y..
The very basic guide to home loans Confused? Nervous? Start with the home loan basics. If you\'re unsure how a home loan works, don\'t worry. You\'re not alone. A home loan - sometimes called a mortgage - is simply a long-term loan. You get one through a bank, credit union or other financial institution. Althou..
Buy and move in Once you have your loan, you need to buy your home, move in and manage your affairs so that the mortgage stays under control. These facts sheets include 10 simple steps to help you pay off your loan sooner.Available in this section: How to win at auction Spot the Du..
Find the right loan Your ideal loan might have lock in an interest rate for the next five years. It might let you use all your day-to-day savings to help pay down the principal. It might let you make extra payments and then take them back again if you needed them. Or you might well want to keep costs down by ig..
Find the right home You need to choose the right suburb, the right neighbourhood, the right home. Bear in mind that the home you need may differ from the one that others want to sell you, and your preferred price may be lower than sellers are prepared..
Prepare for your search Finance W.A. has housing market reports, interest rate analysis, details of all your home-buying costs and help with the Federal Government\'s First Home Owner Grant scheme. Available in this section: How much can you afford to borrow? How much does buying a home really cost? How..
Understand your choices For many, a home loan simply makes better financial sense than renting. Or it may suit your lifestyle. Whatever your reason is for borrowing, you should also understand the adjustments youll have to make. It is understandable that you may worry about the size of your commitment. When you\'re..
We may be contacted by any of the following methods. We aim to respond to you within 3 business hours. Phone 08 9245 5501 Facsimile 08 9245 5519 Mobile 0411 742 299 Email info@financewa.com.au Postal PO Box 277, Scarborough WA 6922 ..
When you buy a home, you make some of the biggest financial decisions you in your life. We have broken this daunting decision-making task into easy steps. From thinking about purchasing a home to moving in, Finance W.A.\'s fact sheets give you tools and information to help you make the right choices. When..
Types of Loans There are several types of loans that are available to property investors and within these loans are a couple of fundamental options that you will need to decide upon. These options include: 1. Principal and Interest or Interest Only Loans This is a choice between whether you wish to have..
Click on the icons below to visit the respective sites. Get a copy of your credit report. Useful if you wish to check your file before applying for a loan. Obtain up to date information regarding the First Home Owners Grant Link to State Government..
We are able to offer loan products from over 30 lenders, including the following providers: ..
We may be contacted by any of the following methods. We aim to respond to you within 3 business hours. Phone 08 9245 5501 Facsimile 08 9245 5519 Mobile 0411 742 299 Email info@financewa.com.au Postal PO Box 277, Scarborough WA 6922 C..
The directors of Finance W.A. have been in the finance industry since 1986 and involved in finance broking since 1997. Managing Director, Mike Holmes, has extensive industry experience and holds accreditations with over 35 different lending institutions and undertakes extensive research to keep up to date with information pertai..
Let Finance W.A. take the stress away from your next finance transaction. Accredited with over 35 lenders, we work hard to match the right product with your requirements. We have access to hundreds of different loans from a large range of lenders. In most cases, our service to you is at n..
Tuesday, April 26, 2005
Pay off your loan faster Get the mortgage monkey off your back. Disciplined budgeting can make you a loan-buster - and our..
Managing the closing process Only the final offer and settlement stands between you and your dream home. We show you what to expect and how to boost y..
Solicitor or conveyancer? The right professional will smooth your home-buying experience. Our guide helps you choose. You can use either a solicitor or a conveyance..
Do you need legal advice? If you\'re a first-time buyer, you\'ll need plenty of professional help. Experienced buyers have more alternatives. Conveyancing is becoming increasingly straightforwa..
Home-buying contract basics The offer & acceptance and property title are your two most important sale documents. Together, they give you ownership of the property. The legal document that describes the property, pr..
Negotiating to buy A skilled negotiator can cut thousands from the cost of buying a home. Most people hate haggling over price, but you need to know how to do it. Buying a home is a bit like courtship. Never appear too keen, don\'t give too much..
Spot the Dummy Bidder New laws and tougher enforcement lessen the prospect that you\'ll face a dummy bidder at auction. Here\'s what you need to know - with some warnings from consultant and real estate writer Terry Ryder. New South Wales and Victorian auc..
How to win at auction Auctions are part theatre, part torture. You can minimise the pain by know what to expect and following a simple, well-defined best-odds strategy . You have little room for error. When you buy at auction, you must pay a pre-determined deposit - and there is no cooling o..
Protecting your loan with insurance Income protection insurance cuts the risk that a sudden loss of income-earning ability will force you to give up your house. Most people know about life insurance, car insurance, property insurance and health insurance. Fewer people know about income protection insura..
Talking to your loan manager A handy checklist lets you collect all the information you will need to give your loan manager when you meet them. With this information at hand, your application will go more smoothly. 1. Your Income Let your lender know you wont need to win the lottery to pay back your loan. Use these as pr..
Should you take an interest-only loan? Tread carefully with this investor-oriented option. Interest-only suits some investors. For the ordinary home-buyer..
How long a loan term? The quicker you repay, the less you pay, but a shorter term isn\'t always necessary. With a home loan, time really is money. For many home own..
Should you create combined accounts? All-In-One and mortgage offset accounts let you use your everyday funds to help..
Why you should think twice before fixing Over the life of your loan, a variable rate will almost certainly prove cheaper than a fixed one. Here\'s why. As speculation a..
A fixed or variable rate? The toughest loan decision of all: whether to lock in an interest rate. A fixed rate gives you security, but a variable rate can add to your flexibility and cut your costs. As you begin looking for a..
When you should care about lender service If your timetable\'s tight, your lender must be able to deliver your money fast. When you sign your loan documents, they go to your lender\'s loan processing department, where the final decision to approve or reject the loan w..
Making the right loan-finding choice Sorting out one deal from another could take you forever. Finance Brokers like Finance W.A. can sort through the mountain of new choices confronting lenders. Firstly, don\'t worry. These days hardly anyone looks forward to the task of choosing their home..
Building your own home Creating a home from scratch is tough. We show you what to expect - and what to watch out for. There are sou..
Buying off the plan Buying a home before it\'s built has advantages - and traps. Large tax savings, delayed settlement and rental guarantees have lured buyers to off the plan housing developments over..
