Denique Ferguson Mortgage Broker

28/08/2026

But is LMI always the bad guy? 🕵️‍♂️
What LMI actually does: It’s a one-off fee you pay that protects the lender (not you) if you default on your loan. It applies if your deposit is less than 20%.
Why it can actually be your friend: Saving a full 20% deposit can take years. Meanwhile, property prices might be rising faster than you can save. By paying LMI, you can buy a home with a 5% or 10% deposit now.

⚖️ The Trade-Off: If paying $10k in LMI gets you into a home today, and that home grows $30k in value over the next year while you would have still been saving... LMI actually saved you money and time.

💡 Bonus: Depending on your situation, you might even qualify for government schemes that waive LMI entirely.

Don't let LMI scare you off. Let’s look at the numbers together to see if it makes sense for your timeline. 📲

26/08/2026

24/08/2026

Equity is the difference between what your property is worth today and what you still owe the bank.

For example:
• Your home is worth: $700,000
• Your remaining mortgage is: $400,000
• Your total equity is: $300,000

🚀 The Magic Part: You don’t have to sell your house to get to that money. Banks will often let you borrow against a portion of that equity (usable equity) to use as a deposit for your next investment property.
This is exactly how everyday people build multi-property portfolios without saving up cash deposits from scratch every single time.
🏠 Want to find out how much equity is sitting in your current home? Comment 'EQUITY' below, and I’ll run a complimentary property report for you!

21/08/2026

What is it? 🏡 You continue renting a home in the lifestyle location you love (close to the city, friends, or beach), but you purchase an affordable investment property in a high-growth area elsewhere.
Why people love this strategy:
• You get a foot on the property ladder sooner.
• Your tenants (and tax deductions) help pay off the mortgage.
• You don't have to compromise on your current lifestyle or commute.
It’s a great way for first-time buyers to build equity and become investors simultaneously. 📈
Want to see if rentvesting makes sense for your financial situation? Send me a message and let's crunch the numbers.
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17/08/2026

Enter the 50/30/20 Budgeting Rule, tweaked perfectly for future property owners:

🟩 50% Needs: Rent/housing, groceries, utilities, insurance, and minimum debt payments. The absolute essentials.
🟨 30% Wants: Dining out, hobbies, streaming subscriptions, and shopping. Yes, you are allowed to have a life!
🟦 20% Your Future (The Deposit Builder): This goes straight into a high-yield savings account or investments. It’s your ticket to property ownership.

💡 Pro-Tip: Automate it. The day you get paid, have that 20% automatically transfer to a separate bank account that you don't keep a card for. Out of sight, out of mind!

What’s your biggest hurdle when it comes to saving a deposit? Let me know in the comments.
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14/08/2026

Be honest—which one is it?
🅰️ Saving enough deposit
🅱️ High interest rates / Borrowing power
Ⓒ Not knowing where to start
Ⓓ Finding the right property

12/08/2026

Gorgeous words from a client of mine - so happy to have been able to help.

10/08/2026

If you already own a home that has grown in value, you might already have the deposit sitting in your current property.
Here’s how usable equity works:
1. Property Value: Say your home is worth $800,000.
2. Current Mortgage: You owe $400,000.
3. Usable Equity: Banks generally let you borrow up to 80% of your property's value without paying Lenders Mortgage Insurance (LMI).
• 80% of $800,000 = $640,000
• Subtract your existing debt ($400,000) = $240,000 usable equity.
You can potentially tap into that $240,000 equity as a deposit and costs for your next investment—all while keeping your cash savings intact for emergencies.
⚠️ The Catch: You still need the income to service both loans. Equity gives you the deposit, but your cash flow dictates your borrowing power.
📲 Want to see how much usable equity is sitting in your current home? Send a message with the word "EQUITY" for an equity assessment.

07/08/2026

If you're planning to buy in the next 3 to 6 months, run this quick audit on your accounts:
❌ Unused Subscriptions: Cancel those forgotten gym memberships or stream apps. Assessors treat every recurring cost as an ongoing commitment.
❌ Buy Now, Pay Later (BNPL) Accounts: Even if your balance is $0, open BNPL accounts count as open credit limits and reduce your borrowing power.
❌ Undocumented Transfers: Clean up transfers labeled "rent," "savings," or friend repayments so your cash flow is crystal clear.
❌ Discretionary Over-Spending: Dial back frequent food delivery or gambling apps 3 months prior to applying.
💡 A small shift in your monthly expenses can sometimes boost your borrowing capacity by tens of thousands.
💬 Question for you: What’s one subscription you know you need to cancel this week? Drop it below!