In this video Stuart Bayliss talks to fellow mortgage broker, Will Bell, about self-managed super funds (SMSF).

In this video Stuart Bayliss talks to his mortgage broker mate, Will Bell, about self-managed super funds (SMSF), answering the question “What is the usual time frame and process for SMSF loans?”.

Join mortgage brokers Stuart Bayliss and his good mate Will Bell who ask, what can self-managed super funds (SMSF) do for business owners?

In this video Stuart Bayliss and Will Bell discuss the secrets to a successful self-managed super funds (SMSF). Spoiler … it’s about getting the right people around you!

Ever wondered how pooled funds work? Check out this video with Stuart Bayliss and Will Bell, discussing pooled funds in self-managed super funds (SMSF).

How is borrowing in a unit trust and a self-managed super fund (SMSF) trust different? Find the answers in this video with mortgage brokers Stuart Bayliss and his good mate Will Bell.

Accessing equity. How can you do it, and most importantly should you do it? Put simply, when you’ve been a good borrower, mortgage lenders may let you access the equity on your home - that is, the amount no longer owing on the mortgage. Usually, the equity release will be capped at 80% by most lenders. 

Find out how much superannuation the experts say the average Aussie needs for a comfortable retirement.

The average Australian investment portfolio size is $31,613 but there are growing numbers of ‘emerging affluent’ investors who have an average investment balance of $716,352. So how do they do it?

It’s the hope that kills you. Just ask Carlton fans, NSW Blues supporters, Wallabies sufferers, and hopeful homebuyers who have fallen victim to underquoting. Obviously, you can’t change your footy team, but you can follow these tips to avoid the sketchy real estate practice.

It’s taking young couples roughly five years on average to save for a 20% home loan deposit, according to new research. Want to hear something crazy, though? We know how to quarter that timeframe…

New data from the lending watchdog reveals almost one in four new mortgages are risky. How are they deemed risky? Well, it’s got something to do with your debt-to-income ratio, which we’ll explain in this week’s article.

Australian homeowners are loading up their offset accounts in record amounts, so much so that the average household is now almost four years ahead on their mortgage payments.

Ever thought about buying a property with a friend or family member? You’re not the only one. The rising cost of property and FOMO has led to more than a quarter of Australians considering buying a property with a ‘non-traditional’ partner.

You’ve probably noticed that house prices in Australia consistently outstrip growth in wages. But by how much? And what can you do to make sure you’re not forever chasing the great Australian dream?

Cross collateralisation is a complex term for a borrower offering two properties as security for a new loan.

It keeps the loan to value ratio (LVR) as low as possible, which increases the likelihood of securing the loan, and helps to avoid other costs like lenders mortgage insurance (LMI).

Drive or walk around your local suburb mid-morning on a Saturday and chances are you’ll pass a few freshly banged up ‘Auction’ signs. But is Saturday actually the best day to auction your home? New data suggests perhaps not.

The world’s economy is coming back into a slightly inflationary cycle, and is slowly starting to show green shoots. The message is – if you have a home loan then now’s the time to consider fixing it if that suits your situation; or if you are looking to purchase then consider a fixed rate.

With the right guidance you can find lenders that will be open to your needs and timeframes. By having an understanding of the market of lenders’ policies and timeframes, SGB Finance are able to help.

Rental yield is essentially the rate of rental income returned against the costs of an investment property, and can be a great indicator of a property’s investment potential.

Lender’s Mortgage Insurance (LMI) is required when the value of a loan is more than 80% of a property’s purchase price, or property valuation if refinancing. The purpose of LMI is to protect lenders should the borrower fail to make loan repayments when the LVR exceeds 80%. A higher deposit means a smaller loan amount and therefore a lower LVR thereby reducing the lender’s risk. Here are some ideas on how you can avoid paying the costly premium.

Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference.

Start by understanding how you spend.

You have a home on the market for sale, which is getting interest from buyers, and so you start looking around for a new home to purchase. But how do you find the 10% deposit that the agent is asking for to secure your new home?

The good news is you have a few different options.

If you’re about to purchase a property, you can expect the process to take about 4-6 weeks (differs between states). Here is a brief run-down of the property settlement timeline.

The amount of documents a broker will ask for when applying for a home loan can seem huge - but we have some time saving ideas that can make it pretty easy, or so our clients tell us 😊

Normally you have to fumble through old filing cabinets to find the documents, and then get them to the lender/broker via post, in person, or by email. We have instituted technology that makes the whole process a lot quicker and easier!

It is a common industry-wide policy that home loan applicants must have 5% of the purchase price of a property saved for at least three months in an account in their own name – this is referred to as ‘genuine savings’. Gifts from family cannot be included in this genuine savings calculation.

The second part of having enough funds to purchase a home is called ’funds to complete’.

Back in March the Australian Federal Government introduced a range of measures to assist the economy during COVID-19, one of which was the ability for financially affected people to withdraw from their superannuation.

The purpose of the measure was to assist these people to be able to afford their living expenses in the event that they were stood down, laid off, or had their hours reduced, as a result of COVID.

However many people seemed to have other ideas in mind for the cash.

There’s a common belief in the mortgage marketplace that simply switching from monthly to weekly or fortnightly repayments will save you thousands of dollars and years off your loan term. The idea sounds compelling — but the reason most people think it works isn’t quite right.

I get a lot of feedback from clients that they can’t find their PAYG (pay as you go) summary when applying for a loan. This is the document that your employer used to give you at the end of the financial year to tell you how much you earned over the year, which you then lodged with your tax return.

So you want to buy a property but you’ve been denied a loan because you have bad credit? Or perhaps you haven’t applied for a loan yet and you just want to see what your credit rating is? A few unpaid bills, that you may have thought remained locked away in your past, can come back to haunt you when you decide to apply for a loan for anything from a car to a house, and even when trying to obtain a credit card. In many cases it is possible to clear defaults and judgments from credit reports.