We have 10 useful tips to improve your borrowing capacity and help you get on the property ladder or into a new home sooner. Before you apply for a loan, it’s a good idea to get your financials in the best possible position. By improving spending habit .......
Many borrowers on an expiring fixed rate will want to refinance rather than letting their mortgages revert to a higher standard variable rate. However, some borrowers may find themselves stuck with their current lender aka ‘mortgage prison’.
About 40% of outstanding mortgages in late 2021 were fixed rates. Of those, 75% are set to expire by the end of 2023. At the time, these were some of the lowest interest rates ever seen in Australia.
As you apply for a mortgage, you’ll hear about Lenders Mortgage Insurance (LMI). This is a type of insurance that lenders take out to cover themselves in case the borrower (you) isn’t able to make repayments anymore.
Lenders will include different loan features to make their mortgage products more attractive. Let's find out which features suit you best.
Being approved for a home loan isn’t as easy as simply deciding to get one. There are steps you will need to go through before the bank will even consider your application.
A bridging loan is a special type of short-term loan made for people who are buying their next property while still trying to sell their current home.
Interest rates can change from day to day, meaning that even if you’re approved for a home loan when rates are low, it could increase by the time you reach a settlement. A good way to take care of that is with a rate lock.
One of the first things lenders do when you apply for a home loan is contact an agency - like Equifax, Illion or Experian - who calculates your credit score and look at whether you have a good score or not. But what is a credit score and why is it so i .......
While prices have decreased slightly in recent months, if you bought a house around 2020 it’s likely you’ve still experienced strong growth in your property value and equity.
Fixed vs Variable rates. What kind of loan should you choose in the current property market? Find out more here.
Homeowners have never had so much equity, but when's the time to access it? More support is on its way for first home buyers, Interest rates are on the move and more.
Negative gearing - a term you hear a lot in investor circles, but what exactly does it mean? If successfully executed, this strategy can bring tax advantages and potential for significant capital gain. Negative gearing – a term you hear a lot in invest .......
When it comes to selecting the best possible investment property, there’s no denying the old adage of ‘location, location, location’ applies as much to new housing as to established property. When it comes to selecting the best possible investment prop .......