How does debt consolidation work?
Keeping track of the interest rates for each loan you have and all of your payments can turn into a real headache. Fortunately, there is a way to make things a little easier for yourself; debt consolidation.
Keeping track of the interest rates for each loan you have and all of your payments can turn into a real headache. Fortunately, there is a way to make things a little easier for yourself; debt consolidation.
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’.
One of the biggest obstacles first home buyers face is saving for a home deposit. A family guarantee could help first home buyers get on the property ladder sooner, without paying Lenders Mortgage Insurance.
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.
If you're struggling to meet your mortgage repayments don't worry. Follow these tips to get yourself back on track.
Have a variable or split home loan? Repricing is an easy process that could help you get a lower interest rate and put more money back in your pocket.
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 business owner searching for finance to purchase two new vehicles is unhappy with the options the bank provided them. They go to Nectar Asset Finance and were able to finance not two, but ten vehicles!
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.
Want to know how to build equity in your property and then use that equity to invest or renovate? Read on...
Renovating your home is not a cheap endeavour, but these cost-saving tips could help you achieve great results without breaking the bank!
Fixed vs Variable rates. What kind of loan should you choose in the current property market? Find out more here.
A construction loan is a type of home loan made for people who plan to build their homes instead of purchasing an established property.
The Reserve Bank (RBA) has raised the nation’s official cash rate (OCR) for the third month in a row in an effort to curb rising inflation.
If the cash rate increases, it's important to know how your finances could be affected. Checking you are on the right loan is a good place to start.
When banks assess your loan application, they add an extra amount to your market mortgage rate, known as a serviceability buffer.
Buying in a new area is about more than price. Amenities, future developments and transport options are also important considerations.
Watch the highlights from the Nectar Group Awards 2021. A great night was enjoyed by all, celebrating our top mortgage brokers and their teams.
The silly season doesn't have to be silly-expensive! Check out some of our favourite tips for reducing financial stress over the holidays.
Suffering from the winter blues? Daydreaming of a getaway? It turns out your tropical holiday may not be as out of reach as you first thought.