Emanate Finance blog

If you’re planning on buying a house, you should be familiar with the most crucial aspects related to the process itself, as well as the consequences of that process. We’ll take a quick look at these and pair them up with brief, but clear explanations.

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!

While it is definitely true that refinancing could help you save money, over the course of time, it isn’t always the case. In fact, there are several things you should consider before going down this path. So, we’d like to outline the main mistakes that Aussies are likely to make when it comes to refinancing.

We all want to buy property below market value! Here’s 16 crucial tips to hel you source a property bargain!
Buying a cheap or unpopular property today, doesn’t always mean you’ve got a sour lemon. It just means the market isn’t there for that property today.

Mortgage brokers can and will help you find a mortgage that you are confident is ideal for you, but this shouldn’t serve as a reason for you to just keep quiet and let them do everything. You want to know who you are working with, so here are a few things you should ask them before going ahead.

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!

Today we’ll play the role of that realtor and introduce to a couple of things you could try out to get top dollar when selling your house.

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….

When considering if you should switch your home loan you should always consider your goals and if it will help you achieve them faster. Consider if the benefits outweigh the negatives first. Here are some reason for and some reasons against refinancing.

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!

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.

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.

An offset account helps to reduce the amount of interest you pay on your mortgage, which in turn helps to reduce the principal at a faster rate – check out this article for some insight in to how an offset home loan account works.

Just because your bank says no, this doesn’t always mean no! It seems simple, but just understanding your financial position thoroughly will make a huge difference. Read on for some great tips on what to do when you get a declined application.

Many lenders use a credit scoring program for evaluating your credit “worthiness” prior to approving your home loan. If you’ve been hit with a low credit score, credit score decline or just know you have defaults and bad credit then this article is for you!

When applying for a home loan, there is a very delicate balance between giving the bank too much information and not enough! Check out this article for some quick tips on structuring your application.

‘Should I sell my old home, or should I keep it and rent out?’ The concept of owning investment property is becoming more and more popular every year, sometimes the quickest road is the road already taken.

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.

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...

Buying a new home with mates might seem like a great idea at the time, and it can be a lot of fun – there are some important things you should consider before making the decision to purchase such a large asset with someone that may not have the same lifestyle or habits as you. Read on for more!

Need to know how much savings or deposit you need for your home loan? It’s important to understand the difference between ‘savings’ and a ‘deposit’. Requirements differ greatly from one lender to the next, including low deposit options, genuine and non-genuine savings, guarantors and more. Read on to find out more.

Long and expensive renovations don’t always add value and can often make a loss – here are our top 6 tips to help you get started with renovating for profit!

Is it still possible to get a loan in your golden years? It’s still possible to borrow over the age of 50, but there are some important pieces of the puzzle to be aware of before you make your application. Read on to find out more

Here’s a quick tip to get up to 25% discount on your Alinta Energy gas bills from a Perth Mortgage Broker who goes above trying to save money on your home loan! Read there full article and contact us for more money savings tips.

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.

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.

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.

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.

If you are looking to add more value to your property without spending a small fortune, then the DIY approach can be a great option. There are many ways of adding value to your property without need for expensive tradies and house repairers.

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.

Most home owners don’t give much thought to paying interest on their purchases. For many of us, it is a price to be paid in order to get what we want. Here are some tips to minimise the interest you’re paying!

One of the biggest concerns when trying to secure a home loan is having a bad credit. Are you currently grappling with one? Before you search for your home loan, there are essential things to understand first.

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.

For many Australians, one of the biggest investment decision of our lives is often our home. With so many bank and non-bank home loan options available, it’s no wonder it can become a little cloudy when trying to work out the most cost effective way to reduce your mortgage repayments.

Loan servicing is not as simple as you might think, and can vary dramatically from one lender to the next. Most lenders have some form of borrowing capacity calculator available on their website – the unfortunate truth is that these generic calculators are highly inaccurate!

Should you keep renting and buy your first investment property instead of a house? Investment properties have their strengths and weaknesses, as does home ownership!

Interest only loans may seem like a great idea at the time – after all, why wouldn’t you want to have the lowest mortgage repayment possible? But is it really a good idea? As the name suggests, an interest only loan does not pay the balance back and only focuses on covering the monthly interest on the loan – so you need to consider if it is right for you.

Home loan rates are lower than they’ve ever been, so are we at the bottom of the home loan rate cutting cycle – or will rates fall even further?

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.

What is Rentvesting? Have you ever come across the term rentvesting? Nowadays, you may find many young couples and families putting off their plans of buying their primary residence right away. Rentvesting is a new approach to wealth-building and you could look at it...

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.

A declined application isn’t always a declined application, just like a failed credit score isn’t always the end of the road.

As unfair as it may sound, a credit score is simply a computer generated algorithm that determines the level of risk of any given application. To put it bluntly, ‘computer says no!’

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…

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…

Genuine savings is such an important aspect of a property purchase, especially for the first home buyer market. So why do so many applications get rejected because they don’t meet the bank’s genuine savings policy?

When considering fixing your loan, or having a variable rate loan, there are a number of factors to determine whether you should consider which is right for you and appropriate for your circumstances.