Latest Category: Home Loans

Financial

Everything You Need to Know About Home Loan Interest Rate Discounts

When home buyers and investors start out on their property journeys, they can sometimes feel a little lost and confused when deciding on which mortgage is right for them. In today’s loan market there are a huge number of mortgage options, each slightly or dramatically different from the last. When applying for each home loan,

Financial

What to Expect for the 2019 Melbourne Real Estate Market

Melbourne’s property market looks to continue in the same direction for 2019, with another year of modest price falls, red tape on borrowing money and a continuing rise of housing developments appearing in the outer Melbourne suburbs. Experts are hoping the city’s surging population will put a floor under the declines as more new residents

Financial

To Fix Your Interest Rate or Not to Fix

A fixed rate home loan means your loan repayments will be charged at the same interest rate for a given period, generally this time frame is 1 – 5 years, but longer fixed rate terms do exist. After this period, the rate will revert to a variable rate, unless you enter into another fixed-term contract.

Financial

8 Ways to Slash Your Property Tax Bill Before the End of Financial Year

The end of financial year can bring a bit of stress to new investors, after all simply mistakes can be costly and trusting the wrong person can leave you with a bad taste in your mouth. With a few years of experience and the right guidance, this stress will become a thing of the past

Financial

What Conditions and Restrictions Apply to Apartment Loans

Banks are always looking to reduce risk. Some are willing to gamble more than others, but every lender will opt for the conservative route when possible. Let’s look at the worst case scenario, if something were to go wrong and you are unable to pay back the loan on your apartment, the lender would want

Financial

How to Make the Most of Comparison Sites When Shopping for a Home Loan

Price comparison sites offer plenty of value and definitely make life a little simpler. To do the process justice, one thing you will need is plenty of time, so grab yourself a coffee and some snacks, load up a range of comparison sites and get cosy with comparing. As long as you use the information

Financial

What to Look for When Buying an Apartment as Your First Home

If you’re living by yourself, or you haven’t found a house that appeals to you yet, you may decide to purchase an apartment as your first home. Often, apartments are more affordable than multi-story houses. What’s more, you can build equity for the future with an apartment, by buying something to live in now and

Financial

Lining up Your Ducks Before You Buy a Second Property

Selling your home and buying again comes with a host of costs and headaches, including the potential drama of juggling two loans and trying to match up settlement dates. Plus, there are fees such as stamp duty and agent’s selling commission. Save time, stress and awkward interactions by putting together a comprehensive budget and to-do-list;

Financial

Using Home Equity for an Investment Property

If you’ve owned your home for a number of years you most likely have gained home equity – that’s the difference between the property’s market value and the balance of your home loan. What this means to you is there’s a whole stash of cash just waiting to be tapped into either through a home

News

Budget 2019: Housing after the budget

The federal budget left little hope to first home buyers, the budget allowed for a $300 million increase in funds for social housing, but no policies to help with housing affordability. The $300 million package will go towards the  National Housing Finance and Investment Corporation to help the states build social housing, this includes: $30