Posts tagged with "Home Loans"
What 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 More
New 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 More
Interest 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 More
When 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 More
7 Insider Tips To Improve Your Chances of Home Loan Approval
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 More
The 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 More
Is 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 […]Read More
How to get the lowest interest rate
If you’re looking at buying into the property market, naturally you are going to want the best deal when it comes to your home loan. According to reports, some banks compete to lend money to what they call an ‘ideal borrower’. In fact, ideal borrowers receive on average a 0.55 per cent lower interest rate. […]Read More
Why use a guarantor? Everything you need to know about guarantor loans
Are you struggling to save a deposit for your first home? Curious about what a guarantor is? Everything you need to know about guarantor loans, right here. If getting a 20% deposit is too tough and you do not want to pay thousands of dollars on Lender’s Mortgage Insurance (LMI), one of the most popular […]Read More
The 3 Biggest Misconceptions about Mortgage Brokers
Buying your first property should be one of the most exciting times of your life, but without the right guidance and information, it can also be one of the most stressful. A simple way to reduce the stress and increase your chances of snapping up the home of your dreams is to enlist the help […]Read More