Home Loans 101

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

Refinancing Home Loans

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

Genuine Savings

Genuine Savings for a Home Loan Deposit Saving for your first home can be a hard job.  It takes commitment, time and dedication to get that deposit together.   So, what do banks look for? Generally, financial institutions require borrowers to be able to demonstrate that they can be good savers.  Home loan repayments need … Read moreGenuine Savings

How redraw works and why it’s a handy loan feature

It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why: The redraw facility explained A redraw facility lets you make additional repayments to reduce your variable rate home loan balance and save on interest. If you pay more than your minimum scheduled repayments, then you’ll have … Read moreHow redraw works and why it’s a handy loan feature