If you are looking for a home loan in Perth, you probably know about the recent Reserve Bank of Australia (RBA) decision to lower the cash interest rate to another all-time low: 1.75%. The record low interest rates are providing opportunity to both investors and owner-occupiers. While low interest rates don’t mean you can borrow [Continue Reading]
If You Don’t Act Soon, it Could Be a Lot Tougher to Obtain a Home Loan
If you are looking for a home loan to finance an investment property in Perth, It could become a lot more difficult if you don’t act soon. Thanks to a number of recent developments, a five figure deposit isn’t going to be large enough to finance an investment property soon. The Numbers In Sydney, for [Continue Reading]
Looking for a Home Loan in Perth? Read This.
If you are looking for a home loan in the Perth market, pay close attention to this post. The better you get your finances in shape, the better terms and lower interest rate you will get on your home loan. Here’s what to do if you want the best possible results on your home loan. [Continue Reading]
Tips for Paying Off Your Home Loan Faster
At Purely Finance, we specialise in home loans for your home or your investment property. In addition, we have provided financial planning and advice to thousands of people in the Perth area. We love the concept of paying off your home loan as fast as possible. The less money you owe on your primary home [Continue Reading]
Managing Mortgage Debt: 5 Strategies for Success
Our mortgage brokers specialise in helping Perth area property investors build wealth through property, but homeowners can learn a lot from the recommendations we give our clients. In addition, our investment clients finance their homes through us as well because they know we can help integrate their home loans into their investment programs. For most [Continue Reading]
What You Need to Know about the First Home Owner Grant
Our mortgage brokers discuss home loans with a lot of prospective first home buyers in the Perth area. We think that the current combination of a slowly-rising home market and record low interest rates are providing great opportunities for entry into the market by first home buyers. We may go so far as to say [Continue Reading]
A History of Interest Rates: Why They Won’t Stay Low Forever
We have helped a lot of people obtain home loans in the Perth area, but that isn’t all we do. We also provide business finance and have a team of financial planners. We have spent most of our business lives helping people in the Perth area achieve their dreams and we don’t plan on stopping [Continue Reading]
RBA Keeps Interest Rates Steady for Another Month
Mortgage brokers and people looking for home loans in Perth didn’t get the news they expected in March. Despite rampant rumours to the contrary, the Reserve Bank of Australia (RBA) held interest rates steady for March at 2.25%. While they did send strong signals that another rate cut is forthcoming, there are no guarantees. Even [Continue Reading]
Want to Be a Property Investor? Here are 8 Steps to Success!
As mortgage brokers who specialise in property investment home loans in the Perth area, we like helping the small investor get started. Every self-made large investor has one thing in common: they all started out as small investors. If you are thinking of getting started, now is the best time. You will never have the [Continue Reading]
Is this Your First Home Loan? 3 Tips for First Home Buyers
If this is your first home loan, knowing what to expect can make the process a lot smoother and save you money. When you are getting ready to buy your first home, the entire process can be a bit overwhelming. There are so many factors to consider, the biggest of which may be how you [Continue Reading]
What is the Best Suburb for Investing in Property?
Both our financial planners and mortgage brokers are often asked about their opinion on the best suburb in the Perth area for investing in real estate. There is no short answer here because every investor is working with a different set of circumstances. We recommend having an individual consultation with a financial planner before any [Continue Reading]
First Meeting with a Lender: What to Expect
If you are a first home buyer getting ready to meet a lender for the first time, you probably have mixed emotions—the excitement of buying your first home is diluted by the tension you may feel because you don’t know what to expect. The lender has what you want and you may feel like you [Continue Reading]
Surprising Benefits of Pre-Approval for Home Loans
When our mortgage brokers talk to clients about home loans in our Perth office, they are more often than not people who have already found a house and are just beginning the loan process. Lately, though, more home buyers are taking advantage of loan pre-approval. The Process Loan pre-approval is easy—call us, answer a few [Continue Reading]
Housing Demand in the Capital Cities by Price Point
At Purely Finance, our mortgage brokers have helped a lot of people find home loans in the Greater Perth area. We keep a close eye on industry trends and pass on information we feel is important. A recent article by Cameron Kusher, Senior Research Analyst of RP Data, produced some statistics that agree with what [Continue Reading]
What’s Making News in Home Finance?
RBA Minutes Recently, the Reserve Bank of Australia (RBA) provided good news for anyone looking for a home loan in Perth or across Australia. The official RBA interest rate will remain at 2.5%. In their November Board Meeting minutes, they provided the rationale behind their decision. The RBA is satisfied that the housing market across [Continue Reading]
Economy, Regulation and Housing Affordability among Industry Challenges in Next Five Years, According to Industry Survey
Over the month of October 2013, over 300 mortgage brokers and other people from the home loan industry were surveyed by Genworth, a leading financial security organisation. They provide insurance to lenders—this means that their profit margin depends on the accuracy of their data and judgements. Respondents were from Perth and across Australia, providing a [Continue Reading]
Tips for Avoiding a Bad Credit Score
If you are looking for home finance or any other kind of loan in Perth, then you know the importance of having a good credit score. Good credit means that you are financially stable in the eyes of mortgage brokers and banks in the Perth area and having such a score means that you will [Continue Reading]
The Advantages to Trauma Insurance
Along with home loans, insurance payments are also an important part of monthly expenses paid by home owners in Perth and beyond. There are many different kinds of insurance for different events, such as life, home and automobile, but one that is less common is called trauma or critical illness insurance. This kind protects the [Continue Reading]
The Differences and Advantages of Interest Only Loans
If you are considering taking out home or other kinds of loans, it’s important to know the different options there are from various lenders in the Perth area. The two mains types of loans are those that you have to repay on the interest only and those that you must repay on both the principal [Continue Reading]
Why You Might Want to Switch Home Loans
If you currently have taken out a home loan or you are about to, whether you live in Perth or not, you may want to consider switching your lender. Who you’ve taken or who you usually get your loans from may not be too important in terms of loyalty. They may be charging you too [Continue Reading]