When taking out a mortgage, there are fees and expenses you need to account for in addition to the property cost. Amidst the stress of applying for a home loan, these can easily be forgotten. Be prepared with our guide below and avoid last-minute panic. Here are some of the extra costs that you’ll need …
What grants and incentives can first home buyers get? As a first home buyer, you may be eligible to take advantage of various incentives and grants offered by the government. But how do you know what’s relevant to you? We’ve summarised what is available state by state below. Nationally Practising solicitors are eligible to borrow …
Purchasing a home is a big commitment and with the home loan market becoming increasingly complex, more people are turning to mortgage brokers. It’s important to ensure you have a trusted advisor in your corner. However, there is still a lot of confusion about what brokers do and how their service compares to going directly …
Refinancing your home loan can result in better mortgage rates, lower monthly repayments, and shorter loan terms. With the current cash rate set by the RBA at a historic low of 0.25%, many banks and lenders are offering attractive interest rates that could save you thousands. Now is a great time to look at whether …
The first Home Loan Deposit Scheme is a new initiative of the Australian Government to support eligible first home buyers to purchase a home sooner and will be introduced from the 1st of January 2020. The First Home Loan Deposit Scheme Start date: 1 January 2020 Eligibility: Singles earning less than $125,000 Couples earning less …
Urgent maintenance is an unavoidable aspect of being a landlord, so having a cash buffer set aside will help you deal with any unexpected problems. When renting out an investment property, having access to extra cash is vital for two reasons: to cover the costs of maintaining the property, giving it the best chance of …
Is the key to saving a home deposit as simple as giving up smashed avo toast for breakfast? Well not quite, but spending less does make a difference. On top of a budget, a savings plan and strategies such as a high-interest savings account, an effective way to save is to reduce or eliminate expenses. …
Top ways to cut your expenses and increase your savings Read More »
Have you been swept into the ‘Buy Now Pay Later’ tornado? You may have heard of AfterPay and Zip Pay, some of the leading providers of ‘Buy Now Pay Later’. In recent years they have had a massive growth in popularity, particularly winning-over the youth demographic with the promise of instant gratification. As leading mortgage …
Lender’s mortgage insurance (LMI) is required in many instances when a loan is worth more than 80 per cent of a property’s purchase price, as well as in some other circumstances. In very basic terms, when a lender considers a loan to carry a high risk, LMI is likely payable. Here’s how you can avoid …
Applying for a business loan is a completely different process to that of a home loan application. To ensure you don’t lose your way, we’ve set out a clear path for you to follow. 1. Find a specialised broker Commercial lending is very different to residential, so when searching for a broker, it is important …
