Buying and selling a home is not something most people do more than a few times in their lives. It’s easy to make basic errors or assumptions when you’re not used to the real estate market, which has some unique facets. Some behaviours tend to crop up time and again. To help make the transaction…
Read more
Now that higher mortgage interest rates have become a reality, it’s worth considering a few hacks to make a successful home loan application. For first-time buyers, the prospect of applying for a loan is one of the scariest tasks of the property-buying experience. The size of your mortgage determines not just your budget but it…
Read more
A popular question mortgage brokers field from clients relates to how banks value a property. Occasionally, the query includes a tone of anxiety as a lender won’t confirm a loan, despite issuing a pre-approval, until it’s seen the property. It’s a reasonable approach, as the property will be collateral against their loan, and the lender…
Read more
More Australians than ever are using a mortgage broker to help them navigate the wide variety of home loans on the market today. If you’re buying for the first time or refinancing and have never used a broker, you’re probably asking yourself whether you need any help. It’s simple enough to apply for a loan.…
Read more
A new law designed to help first-home buyers has come into force recently. First-time buyers will now be able to increase their savings in the Federal Government’s First Home Super Saver Scheme from $30,000 to $50,000. Almost 27,000 Australians have been using the scheme, which allows them to make voluntary contributions to their super that…
Read more
The size of your credit card debt won’t be high on your list of concerns when you begin to plan to buy your first property. But while it can have a fundamental impact on the size of a mortgage you’ll be offered. You’ll have to declare to a lender all your outgoings and debts. The…
Read more
With so much talk focusing on the prospect of rising interest rates, you may be wondering whether you should lock-in a fixed-rate deal before the Reserve Bank makes its move. Speculation that rates will rise later this year is no reason for sleepless nights, but it’s a great reason to find out whether a fixed-rate…
Read more
First-time buyers are often confused by some of the terminology and language used by real estate agents, mortgage brokers and lenders. When you’re preparing to make one of the biggest purchases in your life, working out all the jargon that goes with property-buying can get overlooked. But it can be the difference when it comes…
Read more
A home loan is likely to be the most significant personal financial commitment you’ll ever make, so it makes sense to use the experts. With so many mortgage alternatives on the market from banks, building societies and other non-bank lenders, it’s a challenge to find the product that’s ideal for you. Mortgage brokers offer their…
Read more
Applying for your first mortgage can be nerve-wracking! The amount your lender offers you as a mortgage can make or break your ability to purchase your dream property in your ideal suburb. Your first goal must be to secure pre-approval. This is the conditional promise of a mortgage that allows you to make an offer…
Read more
