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Category: Home Loan

Pros and Cons of Buying a Newly Constructed Home
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Pros and Cons of Buying a Newly Constructed Home

Are you in the market for a new home? If so, you may want to consider buying a newly constructed home. These homes are brand new, have never been occupied before and they often come with all of the latest features and amenities. Depending on the developer, you may even be able to customise them...

What is a Land Loan? 3 Things You Need to Know
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What is a Land Loan? 3 Things You Need to Know

If you’re in the market for some property, you may have come across land loans. But what exactly are they? And more importantly, should you get one? In this article, we’ll answer all of your questions about land loans and help you decide if one is right for you. So if you’re ready to learn...

A Guide to Rental Yield
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A Guide to Rental Yield

What is rental yield? When buying a property, a simple formula can be used to figure out how lucrative the investment will be. This formula is called rental yield. Put simply, rental yield is a figure that’s generated by calculating the cash that is generated from a property by its overall price or market value. A high...

Need A Guarantor? What You Need To Know
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Need A Guarantor? What You Need To Know

A guarantor is a co-signer on a loan that “guarantees” that the payments will be met. A guarantor is often used for mortgages, especially for first time home buyers. By using a co-signer, individuals have the opportunity to enter the home-owner market more easily and quickly, and it can reduce costs significantly.  Below, we run...

Financial Rules Worth Sticking To
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Financial Rules Worth Sticking To

Taking out a mortgage is generally a major life event, especially if it’s your first mortgage. When done correctly, a mortgage can bring huge financial gains, and be a great investment.   However, before you sign on the dotted line, there are a few rules of thumb that you should consider to ensure that you’re...

When Is It The Right Time To Buy A Property?
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When Is It The Right Time To Buy A Property?

If there’s one thing most people can agree on, it’s that paying rent is a drag. Rent takes a substantial chunk out of every paycheque (or your savings account), and essentially leaves you with nothing except for a roof over your head until the week, or month, is up. The hassle of paying rent can...

Do It Right And Create A Financial Plan
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Do It Right And Create A Financial Plan

Creating a financial plan might feel like a pretty intimidating thing to do. What is it, how do you start one, what does it need to include and what goals can it help you reach? Well, financial plans can give you a brilliant foundation to start saving smartly toward any goal you’re looking to reach....