If you’ve been considering refinancing your loan or buying a new home, you may have heard that lending rules have changed. With record-low interest rates and banks trying to undercut each other in the variable rates market, the lending market has been hot. APRA – the Australian Prudential Regulation Authority – has now stepped in…
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As an experienced mortgage broker, I know that organizing your finances is the most crucial step in buying your first property. There’s no point spending hours checking out homes online or chasing around open houses on Saturdays if you don’t know what you can afford. You have two primary paths from which to choose when…
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The speed of lending approvals is becoming a significant issue as mortgage brokers and our clients seek an increasingly faster turnaround of applications. Homes have been selling so quickly that banks and other lenders are struggling to keep pace, often disappointing buyers who might have missed a property because they could not access finance sufficiently…
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A borrowing strategy is an intelligent approach to finding your first mortgage or refinancing to purchase a new home. The best loan consists of far more than the cheapest interest rate. Tracking down the most suitable deal for your circumstances is difficult and time consuming. It can take hundreds of hours to research all your…
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When searching for a new home, it’s important to keep an eye on the world of financing and specifically the fates of mortgage interest rates. Whether you’re seeking a mortgage for a first or new home, or you’ve been issued a pre-approved loan by your lender, any changes to interest rates are likely to affect…
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There are many tips for buying a property, but there’s one essential element that no one can avoid – getting your finances in great shape before you start. Knowing what you can afford is a critical element of finding your first home or the next one that takes you higher up the property ladder. The…
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Buying your dream home can come with a list of costs that do not have to be a nightmare if you plan in advance and budget for them. These expenses can amount up to 10% of a property’s value. Sometimes, it can feel like someone always has a hand in your pocket. Some costs, such…
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Buying property is exciting and often wonderfully life-changing. Off-the-plan apartments have become an increasingly popular way to enter the market, move up the property ladder or downsize to simplify your life. It’s important to understand how purchasing off-the-plan differs from buying an existing property at auction or through private treaty. Off-the-plan buying can allow you…
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Buying a home has many complex aspects that carry substantial liability and are best handled with the advice of a professional. Yet, selecting an adviser can provide its own challenges. When purchasing you have an option to choose a solicitor or conveyancer who specialises in property law to complete your settlement. Knowing where the responsibilities…
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The finance industry is one of Australia’s most competitive with new products launching almost every month to win customers. Its focus on innovative ways to help Australians achieve their financial goals means the loan you took out ten or even two years ago may no longer be the best deal in town. As an experienced…
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