Blog | Get Updates About Loan Market & Rates | Loans My Way Perth

Home Loan Tips For Borrowers Who Have a Bad Credit Score

July 30th, 2021

A bad credit score can stand in your way when you want to get a mortgage, take out a personal loan or even buy a new car. Lenders use your credit rating to assess the risk involved in lending you money. They also reserve their best interest rates and deals for borrowers with a high credit score. On the other hand, bad credit on your file can make it difficult for you to get approved for finance, or you might be offered a loan at a higher interest rate than the market average. What Leads to Bad Credit? Perhaps it’ll – Read More…

Are You Aware of These Investment Property Tax Deductions?

July 23rd, 2021

Many people choose to buy an investment property to boost their cash flow through regular rental income. Property investors are allowed several expense deductions by the Australian Tax Office (ATO) for periods their properties are rented out or genuinely available for rent. Investors can write off their investment costs against taxes if their expenses and interest payments exceed their property returns during a financial year. This is also known as negative gearing. Negative gearing helps in mitigating short-term losses through tax deductions to maintain a regular cash flow. However, negative gearing is not the only tax benefit available to property – Read More…

How Much Can I Borrow to Purchase a Home?

July 16th, 2021

If you’re planning to buy your first home, you’re likely to apply for a home loan to fund your purchase. Therefore, it makes sense to find out about your borrowing capacity before you go house hunting to avoid getting disappointed at a later stage. For instance, you might like a property but when you apply for a home loan you realise you can’t afford it, as your borrowing capacity is lower than what you planned to borrow. Getting a fair estimate of the amount you can borrow, helps you narrow down your search. It also enables you to figure out – Read More…

Investing and ownership structures – What do you need to know?

March 29th, 2021

Many Australians go for property ownership as their investment method of choice. While investing in the real estate market is common, many first-time investors will be surprised to learn that the ownership structure they choose for their new property can have a notable impact on the returns they see on the investment. Like most decisions you’ll make regarding the property market, there is no one-size-fits-all guide to choosing an ownership structure. You’ll need to take careful consideration of your circumstances and seek out expert advice to find the option that suits you best. Some ownership structures are more common than – Read More…

first home buyer

4 Tips For Perth’s First Home Buyers

February 10th, 2016

Buying your first home is a cause for celebration and excitement. Don’t get too caught up in the rush though – the process requires considerable planning and research. We explain ways to conquer the first home buyer challenges.

mortgage broker blog

Why Use A Mortgage Broker?

January 21st, 2016

Mortgage brokers can do more than save you money. A good broker will deliver opportunities otherwise out of reach to the everyday home owner. We take you through 3 reasons to use a broker.

reverse mortgage blog

The Real Pros & Cons Of A Reverse Mortgage

January 11th, 2016

Reverse mortgages can drastically improve your standard of retirement. There are, however, some common pitfalls and myths to debunk. We explain what a reverse mortgage is and its common downsides, then bust some myths.

4 Things to think about before refinancing or consolidating debt

November 23rd, 2015

I have been seeing increased advertising by finance companies offering to simplify and consolidate car loans and credit cards, which most of the time is an incredibly bad idea. But if you have to go down that path, then please consider the following points; More than 95% of vehicle and personal loans are fixed interest contracts, what this means is the interest rate is set, but so are the repayments and the amount you have to repay. If you borrow $20,000 at 7% over 5 years, your minimum repayment will be around $400 per month or $185 per fortnight. But – Read More…

Economic Update WA

September 10th, 2015

  We were recently lucky to catch up with Andrew Rankin of CBRE and the West Australian Treasurer, the honourable Dr Mike Nahan MLA, and have them run through the state of WA’s economy both now and what is forecast for the next 5 years. It was refreshing to hear that things aren’t as bleak as many commentators are suggesting. Here is a summary of that discussion; Population Growth; WA peaked on migration in 2011 at a little over 80,000 new arrivals, we have enjoyed a 30% increase in population over the course of the mining boom, giving the state – Read More…

loan and money finance

Hedge Your Bets

August 4th, 2015

Well surprise, surprise, the Reserve Bank has again left interest rates on hold, an expected decision as mortgage holders again get to breathe a sigh of relief until February 2015.

Property Investors Beware!

July 29th, 2015

The winds of change are well and truly upon us, with APRA beating their drum trying to limit investor lending across the nation, there are a number of lenders penalising their existing investors or interest only customers. Some lenders are increasing their rates for new and existing investors by up to 0.47% which is unfair and unusual punishment in our opinion, as it is not just in line with limiting future lending, but punishing and profiteering from existing clientele. We will be expecting a two tier system to become more and more evident in the short term, but as always – Read More…

Australian dollars

Western Australia 2015, what’s in store?

February 19th, 2015

There is an expectation that the unemployment rate will get to 6.5% in 2015, as more workers become casualties in the iron ore war and gas workers move out of their construction…

loan finance graph

Low rates, how can you cash in?

February 2nd, 2015

There is a lot of talk about interest rates decreasing in 2015, but what does this really mean for you? It will give the investors and owner occupiers a bit of confidence in the short term.

handshake

Can putting off buying a property until 2015 cost you?

December 3rd, 2014

This surprises me and I have been suggesting these people pay close attention to the market this time of year, really taking time to try and uncover the vendors story…

Reserve Bank of Australia

Interest rates – What goes down must come up.

April 7th, 2014

With the current interest rate lows moving in to record territory, many first homebuyers and new entrants to the mortgage market may be in for a rude shock when interest rates move into more normal territory. Most variable rate lending products are sitting in the high 4 to low 5% range currently, but borrowers should take stock that historic rates in a neutral economy are normally between the 6-6.7% range on a discounted variable rate. A lot of the shrewd and more highly exposed borrowers are looking towards fixing at least a portion of their loans to look to manage – Read More…

money graph

Negative gearing- what is it and how could it help you?

April 2nd, 2014

Negative gearing essentially turns your property into a business, if it costs you money to hang onto that property throughout the course of the financial year

car-finance

Car Loans- Beware of the numbers, look at the facts

April 2nd, 2014

There are many zero percent campaigns, low rate advertisements, but in truth, you need to see the full picture when weighing up your borrowing options.

Contact Info

Loans my Way
13 Wandoo Road,
Duncraig, 6023

1300 469 929

+61 (08) 6267 8165