Linda Your property Guardian

You’ve been searching for a property for weeks and finally you have found the perfect home – come hell or high water, you want this property! You do your due diligence and get a Builder’s report in advance, you speak with your Solicitor and you ensure that the bank will release your funds in time to make a cash offer. Then you put together your Sale and Purchase Agreement, you check in with your Solicitor, and then you submit your offer at the advertised time and date. Simple as that! You then get down on your bended knees and you pray that your offer is the winning offer. You pray that if there is any negotiating to do that your offer will be the one negotiated with. I once undertook a Tender presentation where all the offers were almost exactly the same. That’s right, price, deposit, no conditions. So how did the Vendors know which offer to accept or which offer to work with? Divine intervention? What about this situation? Two Purchasers put in a Tender for a property, one of...

I’ve been banking with this bank for years and they turned me down for a mortgage! Money might be ‘cheap’ right now but getting a mortgage isn’t all that easy. I know people seeking to purchase another property who have been turned down for a Mortgage by their bank. Banks are tending to put those seeking a mortgage through the hoops, yes, heaps of loan applications and it doesn’t matter if you have been banking with them for years. Despite loyalty and tenure, there is absolutely no guarantee that you will get a mortgage from your bank. That’s where a Mortgage Broker comes in. They tend to be skilled in acquiring you an affordable loan. That’s because they have the knowledge, skills and the know how to understand where to acquire a loan that best suits your needs. Under normal lending circumstances Mortgage Brokers don’t usually charge you for their advice as they charge the banks or lending institutes a commission percentage based on the loan you are taking out. It is always best to un...