First-time buyers are actively searching in affordable areas around Australia during the COVID-19 pandemic hoping to snap up property bargains. Savvy first-time buyers are seizing the opportunity to secure a property while incentives are high, low deposit home loans remain on offer, and competition is low due to the coronavirus. Despite a general drop in…
Social distancing due to coronavirus has made working from home a way of life. Try these tips for keeping the kids happy while you get your remote work done. With an extended period of social isolation looming and many schools closed or set to close due to COVID-19 (coronavirus), working parents can expect every day…
If you’ve lost your job and you’re not sure whether to hit pause on your mortgage repayments, or you’ve got a loan pre-approval but you’ve heard your lender may do a backflip, one of the best people to guide you through the finance maze is a lending specialist. A lending specialist will generally have access…
Confused by Dad’s mortgage lecture and really want to know where to start? We have you covered. In normal circumstances it’s really hard to know where to start when buying or building your first home. There is a lot to think about like: Should I buy an existing property or build? How do I research…
Once your home loan is approved and you’ve signed the contract of sale, all that’s left to do is settle. A quick job for your solicitor, right? Not quite. Property settlement is a legal process of transferring the ownership of the property from the seller to you. It usually takes around 45 to 90 days,…
Consolidating your debts can potentially save you hundreds if not thousands of dollars in interest over time. It may be a great idea for anyone who has several credit cards, as well as personal and other loans. And with home loan interest rates so low, there’s never been a better time to see how much…
Refinancing your home loan during the COVID-19 crisis could help you to save money or depending on your strategy, even make money. However, borrowers should consider getting the right mortgage and financial advice first and be aware of the potential downsides. 1. You could get a lower interest rate The official cash rate is now…
Refinancing and how it can assist landlords The current Coronavirus (COVID-19) situation and potential impacts on tenants and their ability to make rental payments may put some landlords in stressful situations around cashflow. Recently, Prime Minister Scott Morrison announced a moratorium on eviction for non-payment of rent for a period of six months, where the…
How to take advantage of lower interest rates to protect yourself in uncertain times On March 19 the Reserve Bank of Australia announced an emergency interest rate cut that reduced the cash rate to an unprecedented 0.25 per cent. Not all lenders have as yet responded to the change, but initial announcements from a few…
Refinancing can be a great money-saver. Replacing your existing loan can be a chance to lock in a better interest rate, access features you actually need or be with a lender that understands you. However, it can be a bit of a process, so you’ll want to know exactly what you’re up for before you…