Author Archives: honeyloans

The bank of mum and dad must come with rules

We hear a lot about the bank of mum and dad being the answer to buying your first home when lenders refuse to talk to you without a sizable deposit. Indeed parents can often help their children take their fist … Continue reading

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Risks with a House and Land Purchase

With Australian established property prices continuing to move up, more and more first home buyers are turning to House and Land as the answer to the Great Australian Dream. After all there are quite a number of advantages to purchasing … Continue reading

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Do not get “snowed under” this Christmas

Its hard to believe but we are only weeks away from Christmas. The “Silly Season” that all too often finds unprepared revelers deep in debt at the commencement of the new year. If you are one of these people who leaves Christmas … Continue reading

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Not all property is acceptable security to your mortgage provider

In these days of low interest rates and high property prices, most media attention is directed towards the “unaffordability” of a home and oversupply of new apartments. It seems that the potential property buyer is ill prepared for the kinds … Continue reading

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Are you borrowing too much?

We are very lucky these days to have access to cheap money. Some of us will remember home loans priced at 18% p.a. and car loans at 20% plus. That said, it is important to maintain your wits about you … Continue reading

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The positive side of credit reporting

If you are over 18 and have ever applied for any form of credit then you have a credit record. This can occur seamlessly and without you realizing it. Your credit record may be of little interest to you until you … Continue reading

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The wisdom of being Frugal

We have come to think that being Frugal is the domain of little old ladies who have led a hard life and have simply gotten used to making a dollar go a very long way. However in today’s challenging economic … Continue reading

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A loan guarantor will not solve all borrowing problems

It is true that often borrowers are able to breach the gap between their borrowing needs and the loan qualification criteria of lenders, by using a loan guarantor. However guarantors can only be helpful in some borrowing situations, while in others … Continue reading

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Making yourself more attractive to your lender

When it comes to qualifying for finance, it is important to understand what lenders are looking for in assessing your loan application. This is not about getting a haircut or buying a new suit for a meeting with your bank manager, … Continue reading

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Understanding the basics of borrowing

Like it or not DEBT is a four letter word. We all borrow but some of us do it better than others. Before deciding to apply for any form of credit you really should stop and ask yourself the following questions. … Continue reading

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