Emanate Finance blog

How to Increase Your Borrowing Capacity

Banks are tightening their lending criteria everyday – it’s becoming hard and hard to borrow. Property prices are going up, wages are not keeping up and banks and asking more questions than ever before. So how can you increase your borrowing power? Here are a few simple tips that may help!

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Selling Your Home Privately – Pros and Cons

There is both good and bad points when it comes to selling one’s house privately. Since a ton of money is involved, always consider the advantages and disadvantages thoroughly before you proceed as your own realtor or with a good real estate agent, and make sure you make the right decision for your circumstance. Here’s a few key points!

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Granny Flats a Source of Income

Granny flats have become popular as sources of income and all signs point out that this property strategy does work indeed. Instead of mowing that lawn you don’t use and paying other people to take care of it, you could transform it into a passive income that may allow you to achieve your retirement goals sooner….

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First home buyer myths busted!!

Almost everyone has an opinion when it comes to property and there are countless myths running around Perth – whilst it can certainly make great weekend BBQ conversation, be sure to get the right information. Here are some of the most common first home buyer myths!

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No refinance rate reduction tricks: Insider info on how home owners may get a better rate from their current lender – no refinancing involved!

Ever wanted to know how some people seem to have such low rates but others don’t? Here are some tips to securing a lower rate from the current lender that doesn’t involve any refinancing or switching lenders and may not be so reliant on properties value, require any income verification or lead to any mortgage insurance.

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Securing a mortgage if you are self-employed

Banks are continuously changing and tightening their policies, so it’s no wonder that self-employed loans can seem daunting and unclear. Each lender has their own set of policies – or rules if you want to call it that – and so navigating the variances from one to the next can be time consuming and can even cause irreversible damage to your credit rating. Check out this article for more info on self-employed home loans.

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The REAL cost of buying your home!

If you’re about to get in to the market for a new home then you need to be aware of the potential costs before you sign on the dotted line. It important to ensure you have a good idea of these costs well in advance in order to ensure you are not short on funds at settlement and give yourself ample time to come up with the cash. Here are some of the costs to be aware of in advance.

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What Happens If I Forget? Undisclosed Debts Explained!

In today’s age with credit so readily available, its common place to have multiple credit facilities. With bank offering new credit cards with 0% balance transfers, and points, car yards advertising rates and repayments over their cars, store fronts offering store cards with no repayments and no interest, and an array of other incentives, it’s no wonder it’s getting hard and hard to keep track of your expenses.

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Major Banks Vs The Smaller Lenders

Major Banks Vs the smaller guys It’s no secret that major banks rely largely on branding and customer loyalty to grow their business and turn a healthy profit – what’s not so well known is how the smaller guys operate. Generally when shopping around for a great deal...

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A Quick Video Message From Daniel Reid @ Emanate Finance I hope you enjoy our video BLOG. If you'd like to have a chat please book a call on my online calendar by clicking the [Book Calendar Call] button below the video. A Quick Video Message From Daniel Reid @...

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4 simple tips to get your budget under control!

If your budget is running rampant and out of control, you may find yourself going backwards. Keeping up with multiple repayment, covering ever increasing living expenses, school fees, car maintenance – it all ad’s up very quickly. If this sounds all too familiar then perhaps it’s time you stopped for a moment to really take a look at your budget and see where you can make improvements to maximize your cashflow.

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What is depreciation?

One of the frequently overlooked tax deductions you can easily claim on your property investments is depreciation. If you don’t have a depreciation schedule you could be missing out on potentially large tax deductions.

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7 Thіngѕ To Consider When Choosing A Property Manager

Choosing a reliable property manager may seem difficult at first, but with the forward thinking and careful research you can make the process a whole lot easier and less stressful. It іѕ not еаѕу tо fіt in all thеѕе tаѕkѕ in a ѕсhеdulе that is аlrеаdу busy. Hеrе аrе 7 thіngѕ you ѕhоuld tаkе іntо consideration whеn choosing a property mаnаgеr fоr your investment

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Could An Apartment Be Your First Home?

Whatever your reason for buying a new home, first consider if the benefits of a smaller home closer to the city will do the trick for you current lifestyle, and remember it doesn’t have to be forever – it really isn’t worth sacrificing a good life style just to get the big dream home immediately, when a small apartment might be all you need right now!

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Tips to make moving day a little easier!

Whеn іt соmеѕ tо mоvіng tо a nеw hоmе, the actual mоvіng іtѕеlf іѕn’t thе problem – іt’ѕ thе painful task packing all of your belongings – ‘Do we really have to pack again?’ For mоѕt of us, thе thought of расkіng аlrеаdу turns our hair grey! Mаkе moving day easy breezy with these simple tірѕ.

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5 Steps To Buy Yоur First Home!

Tіrеd оf renting or lіvіng аt hоmе wіth the parents? If you’ve been ѕеttіng ѕоmе mоnеу аѕіdе and are ready tо bесоmе a hоmе оwnеr, there аrе ѕоmе steps thаt уоu will nееd tо tаkе before just jumping іn аnd finding your dream hоmе.

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4 things to consider before you move out of home!

Stepping out there on your own for the first time can be daunting. You may notice things are a little more expensive than you initially thought. With that in mind, you may need help in making many decisions regarding the expenses you’ll incur when you’re living on your own, and to work out a budget for how you’ll manage your finances to cover them.

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Is now the best time to find bargains at the bottom of the property cycle?

Doom and gloom to some, opportunity to others – Price Predictor Index for spring paints a grim view of the city and assessed 20 suburbs as entering the “danger category”. The Index classifies suburbs with sales patterns as rising fast, rising steadily, plateau or consistency markets, but where there is a “marked decline in sales activity” suburbs are classified as in danger.

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How will an offset account help reduce my home loan?

Mortgage offset accounts work similar to your savings account, except that rather than earning interest on your savings – you simply save money on your mortgage.
So on one hand you could be earning a rate of say 3% on your savings, which then may be subject to tax at your marginal tax rate – on the other hand you could just simply save 5% on your home loan and not pay the interest to begin with.

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Does a home loan refinance really save you money?

If you could save thousands of dollars every year by simply switching lenders today, why wouldn’t you? After all, your bank isn’t going to call you up once a year to tell you that their competitor down the road is offering a better deal than they are – that just wouldn’t make any commercial sense.

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What type of home loan is right for me?

Mortgage mаnаgеrѕ, bаnkѕ, сrеdіt unіоnѕ, brоkеrѕ, іnѕurаnсе grоuрѕ аll оffеr a seemingly еndlеѕѕ сhоісе оf lоаn орtіоnѕ – іntrоduсtоrу rаtеѕ, standard vаrіаblе rаtеѕ, fіxеd rаtеѕ, redraw fасіlіtіеѕ, lіnеѕ оf сrеdіt lоаnѕ аnd іntеrеѕt оnlу loans, the list goes on. But wіth сhоісе соmеѕ confusion…

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5 Tips to Pay Off your Mortgage Faster

One of the biggest financial investments you will make is securing a home loan. Paying off your mortgage as quickly as you possibly can always makes financial sense. It gets a huge burden off your shoulders and allows you to effectively manage your finances for growth and other investments…

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