From The Australian, Wealth: Building a portfolio of multi-million-dollar properties is easier than you might have thought, Ed Charles writes | July 18, 2007 WHAT can be better than owning property? All you need to do is to know how to navigate the mortgage maze and have a sense of timingfor the peaks and troughs of the property market to build a multimillion-dollar portfolio, according to experts. It also takes self-discipline and nerves of steel, as you will need what […]
Tag: Mortgages
Multiple loans or one-lender
From The Australian, Wealth: Ed Charles | July 18, 2007 ONCE upon a time it was difficult to borrow money. The major banks required a 20 per cent deposit and some evidence of financial prudence. Now, thanks to the influx of smaller lenders known as the non-banks, it’s possible to borrow more than the value of an asset. The trouble is choosing the best product and which lender will give the best service. “Because there are so many loans, low-doc, […]
Loan gymnastics
The Australian — Wealth: With mortgage providers jostling for business in a highly competitive market, there is a loan to suit almost anybody, reports Ed Charles July 19, 2006 WITH low interest rates and competition among mortgage providers we are able to borrow more money than ever before to buy homes. In some cases it is possible to borrow four times one’s salary. The problem is that the median cost of a home in Sydney is 8.5 times the median […]
Which bank wants to sell you a package? Every bank
From The Australian: EVERY bank wants to sell you a package. The idea is that if, in addition to a home loan, they can sell you transaction accounts, credit cards, insurance and multiple mortgage accounts for investments they can make more money. And hopefully you can make more money too. This is the thinking behind professional packages which has been extended to the latest generation of portfolio loans. Portfolio loans are where wealth management meets packaged home loans. Typically, for […]