Buying Property With Your Self Managed Super Fund – What You Need To Know
A self-managed superannuation fund (SMSF) is a vehicle that can be used to manage retirement savings on behalf of its members. SMSF’s are established for the sole purpose of providing more financial flexibility and expanding on your funds to help secure your retirement. SMSF’s are becoming increasingly popular due to the increase in property investment in […]
Helping Clients Receive Loan Approval Despite Some Barriers
Launch Finance recently helped a client secure an investment property after being previously declined from another lender based on lack of evidence of genuine savings. The client came to Launch Finance seeking a solution to their problem in obtaining a mortgage loan of 95% of the total value, plus Lenders Mortgage Insurance (LMI), which was […]
Banks Increase Interest Rates on New and Existing Loans for Investment Lending
Each of the four major banks have announced that they will be increasing interest rates on investor lending, bringing interest rates for investor loans up by 0.29%, with one second tier lender announcing a 0.47% increase. At the end of 2014, APRA set a 10 per cent annual speed limit on residential investor lending growth, meaning […]
Major Lender Offering Business Clients a Refinance Rebate
Making the decision to switch lenders can be a hard decision to make. The other lender may offer you a better deal financially, however switching lenders can also be costly, making the switch not as financially rewarding. Normally, the customer would pay the fees associated with switching lenders, which would need to be factored in when […]
Should I Pay Off My Mortgage or Invest?
Investing in property is becoming progressively popular with investment loans increasing each year by 20%. This is largely fuelled by the record low interest rates, which are expected to remain low as the government tries to give the economy a boost. Chances are, if you’re reading this, you are curious about investing, but already have […]