Educational Media, Downloads & Helpful Links

Ray Dib Switch Finance talks to Hot Tomato at the Gold Coast Caravan and Camping Show

Why go to a mortgage broker over a bank? How much deposit do we really need? What paperwork is needed and why? Why do interest rates rise?

Q & A: Tim Allwood, Principal of Compass Property Investing with Ray Dib, Principal of Switch Finance.

Q&A with the director of National Institute of Property Research Josh Green.

If you are looking for quality research material on any particular suburb or area contact us on 07 5532 0030.

Cross Collaterisation or Stand Alone?

Property Investor Contributor Ray DibCross-collateralisation is a term used when the collateral for one loan is also used as collateral for another loan. If a person has borrowed from the same bank a home loan secured by the house, a car loan secured by the car, and so on, these assets can be used as cross-collaterals for all the loans. Another term is “co-secured” meaning the same thing as in multiple security (i.e. residential property for example) simultaneously providing security for one or more loans.

This article attempts to explain the difference between structuring your property portfolio as “Cross-collateralised” or “Stand-alone” with regards to borrowing and shedding some light on best practises and why.

Bugger The Banks

Rate increase of .46%! That's just rude. I received a letter from my bank a few days ago, advising that my interest rate is going up a massive 0.46% without any story! Normally they provide a bullshit story with the letter to make it more palatable and entertaining...

Extending or rolling over your interest only loan

What you need to know.It is important to understand that all banks have varying policy when it comes to wanting to extend or roll over the interest only term, some slightly varying and some dramatically. It is also important to know that policies change on a regular...

Switch for a brand new bicycle?

What you need to know. At Switch Finance, we can refinance a mortgage to a sharper deal, including the required funds needed for a new mountain or road bike, without increasing current mortgage repayments. We’ll most likely lower them instead! We believe in providing...

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