Latest updates on the First Home Loan Deposit Scheme. The scheme is an Australian Government initiative to support eligible first home buyers purchase a home sooner. The scheme will provide a guarantee to eligible first home buyers to purchase a home with as little as a 5% deposit. Under the scheme, borrowers won’t be required … Read moreFirst Home Loan Deposit Scheme
Finding that perfect property isn’t always easy. Despite the number of homes for sale, the unpredictable nature of the market can make house hunting exhausting. If you’ve tried property websites, newspapers and real estate agents’ windows without success, here are five more unconventional strategies to consider trying. Do a letterbox drop This is a strategy … Read moreHouse hunting your way: alternative ways to find a property
Wondering how you can pay off your home loan sooner? Here are some things you could do. Australian home loan interest rates remain at historic lows, and the opportunities for paying off a mortgage early are better than ever. Used in conjunction with low rates, here are some extra steps that can speed up loan … Read moreSmart tips for paying off your home loan sooner
Variable rates can move according to market conditions. They can vary up or down as the economy and/or the lender dictates. Variable loans are usually more flexible and allow customers to make extra repayments without any kind of penalty. They normally have either an offset facility or a redraw facility. This means that ultimately, they … Read moreFixed interest rates versus Variable interest rates
Refinancing could save you thousands – and give you greater flexibility It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move. There are a number of reasons why you might want to refinance: you can … Read moreRefinancing could save you thousands
In Australia, there are a number of ways to structure your home loan repayments. Finding the best option may save you time and money on your mortgage. Here is some information to help you choose the repayment structure that best works for you. Variable rate loans Variable interest rate loans are all about flexibility. Essentially, … Read moreFixed, Variable, Split – Find the Right Fit For You
Many lenders allow a family member to help their kids or other family member to buy their own home by providing additional security. The person providing this assistance is known as a guarantor. This is different to being a co-applicant or co-signer. A co-applicant is included on the loan and will be responsible for the … Read moreGuarantor Loans
There are a range of home loans available in Australia, so it can be hard to understand their features and whether they are right for you. This guide explains all you need to know. Variable loans Variable loans are loans that are subject to interest rate fluctuations. Whenever your bank increases or decreases interest rates, … Read moreHome Loans 101
Do you know the date your fixed rate term comes to an end? Once it finishes, the bank will generally switch you over to a standard variable rate (SVR) which is much higher than the special variable rate they will offer to new customers and your fixed rate – unless you act fast! Think of how … Read moreWhat happens when your fixed rate expires?
If your home loan is no longer meeting your financial needs or your bank arrangements have changed, you might consider refinancing to another lender. Refinancing could save you money over the long term. A Mortgage Broker will shop around and find a loan that will meet your financial objectives and goals. This may include, finding … Read moreRefinancing Home Loans
