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Refinance of a Lo Doc Loan
We recently completed the final stage of our staged process of helping one of our self employed clients upgrade their home for their growing family. The client had started a business that also required more space for the equipment they were using. However, they had not yet had the chance to get their financials in…
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Camper or Caravan Finance
Do you use the equity in your home or an asset loan to finance your camper or caravan? Have you got that camping bug? With cost of travel these days many families are opting for cheaper holidays around this beautiful country of ours. We recently just helped a client cash out on some equity in…
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Can I refinance and buy a new car at the same time?
The answer is…YES you can – all subject to credit approval. We helped a client do just that. Their lender had been guilty of rate creep (as they all are) and the lender we had originally placed them with was no longer competitive in the market. We were able to source a lender with a lower interest rate…
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The Mortgage Cliff
Already this year we have helped a few clients avoid what has been referred to as the ‘mortgage cliff’. In short, the term ‘mortgage cliff’ refers to ‘when a borrower comes off a low fixed rate say at 2% and then their repayments jump to around 5.5% (in the current market)’. Recently, we worked with…
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Borrowing Near Retirement
An understandable question I get asked from clients that are approaching retirement age is…”Can I still get a 30 year loan term?” The short answer is fortunately it is possible…BUT! Many banks will consider providing customers a loan term that goes past their retirement age. The key point is to have a exit or retirement plan. Great…
