More Americans than ever are using a mortgage broker to help them navigate the wide variety of home loans on the market today. According to the Wall St Journal, a total of $1.61 trillion was issued in home loans by brokers last year: a record driven by the current real estate boom. If you’re buying…
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Whether you’re looking for a new home, considering a new job or a life venture, it won’t be long before you put the task of refinancing your mortgage on your priority list. With the pandemic and Great Resignation in our thoughts, thousands of Australians are contemplating their future and how to achieve their dreams. With…
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Updated laws designed to help owners downsize from their family homes are now in place, which may make it easier and more affordable to plan your retirement. From a mortgage broker’s perspective, the scheme appears worthy of consideration because it’s designed to bolster your savings by minimising tax. You may want to talk to your…
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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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Property renovation is not only a great way to improve the value of your biggest financial asset but a sensible strategy to enhance your lifestyle without the expense of buying a new home. State government stamp duty fees are significant in most states. If you love your neighbourhood, it can make little sense to go…
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It’s not uncommon to need to refinance your home as your lifestyle and aspirations change. Perhaps you want to buy a bigger home or invest in a major renovation that can’t be covered by the equity you’ve earned from regularly paying down your mortgage. Or perhaps the way your mortgage is structured doesn’t allow enough…
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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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Home renovations are all the rage right now as owners look to add value to their properties or enhance their lifestyle without the inconvenience of moving and incurring all the costs that go with it. New kitchens and bathrooms are popular choices, while others are digging deeper to either rebuild completely or add an extra…
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As a homeowner, one of the best ways to save money is to pay off your mortgage. This both frees you from the serious dent to your income each month when your mortgage payment is deducted and can deliver additional equity in your loan that you can use at a later date. It will depend…
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The critical aspect of refinancing a home loan is to establish the value of your property, which will act as the collateral against which your finance arrangements will be made. Lenders tend to vary in their assessment methodology but usually apply the 80% Loan-to-Value Ratio (LVR) principle. This dictates the size of the loan based…
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