Posts tagged with "Home Loans"
What to Consider Before Deciding to Refinance Your Home Loan
If you’re a homeowner in Australia, chances are you have a mortgage. Owning a home is one of the biggest investments you can make in your lifetime, but it can also feel overwhelming when it comes to managing your finances. One option you may explore as a homeowner is home loan refinancing. However, it’s not […]
Read MoreThe Ultimate Checklist for First-Time Home Buyers in Australia
Are you thinking about buying your first home in Australia? Congratulations! It’s a big step and an exciting milestone. But before you start house hunting, there are a few important things you should know. Not only will they help you make informed decisions, but they can also save you time, money, and stress. In this […]
Read MoreFirst Home Loan Deposit Scheme 2020 (FHLDS)
We’ve put together a summary of everything we know about the First Home Loan Deposit Scheme (FHLDS) before it starts rolling out on the 1st January 2020. Since initially being announced in May of 2019, many more key details have been released. What is the First Home Loan Deposit Scheme? The new Loan Deposit Scheme […]
Read MoreWhat documents you need for a home loan application
There are a few documents you need before submitting your home loan application if you are looking to get approval. To make the process of assessing easier for you and your lender, it is best to have all your docs ready to go. Here is a loan document check-list you can use to make sure […]
Read MoreNew Assessment Rate for Home Loans
The guidelines used to assess home loans have changed. Because of record low interest rates, APRA will now allow lenders to set their own assessment rate. The good news is, some Australian borrowers will be able to significantly increase their borrowing power. What has happened to the assessment rate? From July 2019, banks and lenders […]
Read MoreInterest rate cuts change the market
The property market has seen a lot of change in the past month. We learnt first home buyers might get a new loan help scheme, the Reserve Bank (RBA) made back-to-back cuts to the cash rate, and APRA put out a proposal for a relaxation of regulations on credit assessment. With all this going on, […]
Read MoreWhen to Refinance a Home Loan… and When You Shouldn’t!
You notice some newly advertised home loan rates better than your own. You wonder… why am I stuck with my old rate? Perhaps I deserve better? If this is you, you might want to consider refinancing your mortgage. There are many situations where it could make sense to switch your rate, so let’s go right […]
Read More7 Insider Tips to Getting Loan Approval in 2020
If you’re an Aussie looking to tick all the criteria boxes and make it through lender scrutiny, here are the seven biggest trends that will improve your chances of home loan approval. Going for a home loan is never an easy process, and tight credit conditions haven’t made it any easier. Moving forward, the biggest […]
Read MoreThe type of loan that could save you thousands
There’s one type of loan that could save you thousands on your mortgage. As a result of record-low interest rates, many first home buyers are choosing to fix the rate on part, or all, of their home loan. Rates on offer “have never been this low for fixed-rate home loans,” First Home Buyers Australia (FHBA) […]
Read MoreIs it time for a home loan health check?
The life of a home loan spans around 30 years. So it’s a given that at some point your circumstances will change, making it important to check in on your mortgage and see if it’s still right for you. Here are four more reasons why you should perform a home loan health check once a […]
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