There is no doubt that we have seen the banks tightening their credit criteria after new regulations imposed by APRA and ASIC and more recently the Royal Commission. The banks have changed their focus from literally approving most loans, to basically finding ways 'not' to approve...
When you buy a property to live in, usually the intention is to own your home, not how much it's going to up in value over the next 12 months. Your purchase is full of emotions. Things like where you are going to put the...
Interest Only loans have been a very popular mortgage strategy for property investors for some time now and until last year it was common to have your investment loan as an Interest Only loan. What changed? APRA imposed limits on banks to reduce their Interest...
I am excited to announce that the first episode of Oktay with a Tea has just been launched. Our first guest is Arkadiusz Bryl from Real Knowledge, Diverse Solutions. In this episode we speak about how young people are demanding a shift in financial advice and...
So, you just received your Payment Summary from your employer and you're thinking, what happens now? The payment summary is a document that summarises the income you have received from your employer, how much tax your employer has paid on your behalf and any other relevant...
As we approach the last few days of the current financial year, I thought it would be a good idea to get on the bandwagon and announce that we are having an End of Financial Year Sale, just so we don't feel left out. Only Joking,...
So you have just signed contracts to purchase a property with somebody else, this person could be anybody, your partner, friend, sibling, neighbour, parent of Joe from the down the street. The solicitor then asks you how would you like to register your ownership on...
When we get a loan to buy a home, we usually have every intention to pay it off as fast as possible. There are many strategies to this. However, the reality of it is that you need to pay more money onto the loan. The...
So the bank has just told you that you can borrow $1,000,000 and you don't know whether you're excited or scared. Excited, because you can borrow the money. Scared because you're worried how you will pay back $1,000,000. The process of buying a home is daunting...
As mentioned last week, I have launched a VLOG (a video log for those of you who are older than 30, don't worry I also just found this out myself). This week's blog includes a link to my introduction video. I am dedicated to bringing you great...
