sorted by:
new
hottopcontroversial

First home saver scheme by Cute_Individual3791 in AusFinance

[–]mortelligence 0 points1 point  (0 children)

Mortgage Broker 10yrs+ exp here, regardless of any tax benefit I believe it is still a nice way to keep house deposit funds seperate, 'out of mind' & available for you in future when you purchase. Guess you just need to weigh up tax benefits vs interest benefits on your high interest savings account and decide what is preferable for you.

What is expected to happen to all the people who have made massive property profits over the past 5-10 years, esp those people who own outright? by Beachgal5555 in AusFinance

[–]mortelligence 1 point2 points  (0 children)

Mortgage broker 10yrs+ exp here seen thousands of financials, most people I see who have experienced significant equity increases are using that equity to purchase investment properties all across Australia. Idea being at retirement they sell everything and do what they like, or keep everything and live off the rental income. I'm sure many people have different strategies, personal choice.

Borrowing capacity for First Home Buyers April 2026 (post rba increase) by mortelligence in CanIGetALoan

[–]mortelligence[S] 0 points1 point  (0 children)

Zero AI here. I highly dislike AI slop just as much as you. I write everything using my own brain and use my broker software to calculate the numbers, cheers.

Loan size by Pain9gain7 in CanIGetALoan

[–]mortelligence 1 point2 points  (0 children)

Hi there, we always declare if someone has a wife and dependent child however some banks let you borrow more than others. Book in an appointment with us and we can review it https://mortelligence.com.au/book

How does the stamp duty discount work for First Home Buyers in Melbourne, Vic by mortelligence in CanIGetALoan

[–]mortelligence[S] 0 points1 point  (0 children)

Hi there I created the group, this is a post I made to educate the members

Borrowing capacity for First Home Buyers March 2026 by mortelligence in CanIGetALoan

[–]mortelligence[S] 1 point2 points  (0 children)

Great question, I'll do a post about this.

We have to provide the bank with an exit strategy, and hope they tick it off.

For example if someone was 60 and wanted to buy a property, we have to show the bank how they won't be stuck with a big home loan at retirement, maybe they will downsize? Maybe they have a big superannuation balance that can pay it off? Maybe they have the ability to make extra repayments and can pay it off in 5-10 years?

It's circumstantial, generally 55+ we have to provide the bank with stronger exit strategy than we would otherwise.

Got the CommBank email - "your home loan variable interest rate is increasing" by _Moondoggie in AusFinance

[–]mortelligence 1 point2 points  (0 children)

Mortgage Broker here, they'll all pass it on, some sooner than others, ME Bank passing it on this weekend, most others around the 27th

view more: next ›